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- 🚨Critical Week
🚨Critical Week
All you need to know about BTC's big week. Plus, a mining stock discussion.
Sebastian Soran
June 17, 2024
Happy Monday, Zingernation! Spot Ethereum ETFs are only two weeks away from trading say the usually well-informed Bloomberg analysts.
Today, we cover why Bitcoin faces a critical week ahead, a roundtable discussion on Bitcoin mining stocks and more.
Plus, our partner brings a first-of-its-kind digital solution to the global commodities supply chain sector.
MARKET SNAPSHOT
TOP STORY
Briefly: Bitcoin could not push to new highs last week and now fear has taken over again. A top analyst explains why this week is critical.
So Basically: Disinflation continues and the macro picture is improving. But Bitcoin has not been able to capitalize and must hold the $66,000 support.
So Then: The NASDAQ has been hitting new highs, but Bitcoin is stuck in a range between $65,000 and $74,000. That’s key because…
So What: The data is pointing to more helpful monetary policy soon. But Bitcoin must hang in there and there’s a few key events to watch this week.
TOGETHER WITH RESOURCE STOCK DIGEST
Amazingly, the $11T global commodities sector still runs primarily on paper transactions and phone calls!
And thus, a comprehensive digital solution for moving commodities around the world has been long, long overdue.
One tiny company — trading completely undiscovered around 15-cents per share — has successfully partnered with some of the largest players in the industry to bring a first-of-its-kind digital solution to the global commodities supply chain sector.
For investors, it’s an early-stage opportunity in a company with a true first-mover advantage in a globally diversified sector.
Click here to read more.
FIVE ZINGERS
Deadline: Spot Ethereum ETFs are set to launch for trading soon, said Bloomberg ETF analyst Eric Balchunas. Here’s what date ”wary”…
Adoption: Financial advistors are slowing in their Bitcoin adoption, according to a BlackRock exec. Here’s what makes them ”wary”…
Banker: El Salvador’s president Nayib Bukele has suggested to open a Bitcoin bank. Here’s how exactly that’s supposed to work and who will love this move.
Dinos: Dogecoin, Shiba Inu and Floki are dino coins, according to a top trader. He sees alt season returning and likes other meme coins as “blue chips.”
Roundtable: Mark Cuban and Biden admin execs are set to join a crypto roundtable in July. Here’s who’s hosting it and what they will discuss.
FINTECH FOCUS
Briefly: Natalie Brunell recently hosted a mining roundtable with top mining execs about the impacts of the halving, and what the future of Bitcoin mining looks like.
What Happened: The key takeaways are that miners have to adopt to new realities like the lower reward and economic and regulatory challenges.
What Else: Bitcoin's role in the financial ecosystem is set to evolve; potentially increasing its utility beyond just a store of value. That’s good for miners…
Why It Matters: …because mining stocks may offer significant returns during market upswings due to operational efficiencies.
TOGETHER WITH RESOURCE STOCK DIGEST
Amazingly, the $11T global commodities sector still runs primarily on paper transactions and phone calls!
And thus, a comprehensive digital solution for moving commodities around the world has been long, long overdue.
One tiny company — trading completely undiscovered around 15-cents per share — has successfully partnered with some of the largest players in the industry to bring a first-of-its-kind digital solution to the global commodities supply chain sector.
For investors, it’s an early-stage opportunity in a company with a true first-mover advantage in a globally diversified sector.
Click here to read more.