Happy Thursday, Zingernation! Spot Ethereum ETF trading is coming. Gary Gensler confirmed it. When exactly? Sooner than you might think…

Today, we cover why “bears win for now” on Ethereum, how much money MicroStrategy is raising and more.

Plus, our partner brings a first-of-its-kind digital solution to the global commodities supply chain sector.

MARKET SNAPSHOT

TOP STORY

Ethereum 'Bears Win For Now' But Does That Mean Markets Are 'Heavily Manipulated?'

Briefly: Everyone got super excited yesterday, but the anticipated rally fell way short. “Bears win for now,” concluded one trader.

So Basically: Jerome Powell did not back up the good CPI data and ETH tanked together with other cryptos. But does that mean the market is “heavily manipulated?”

So Then: We’ll see what happens when Ethereum ETFs finally start trading. Gary Gensler today said that will be by the end of the summer.

So What:Until then, Ethereum has to hold the support line against the bears’ attack. Which support exactly?

Read about it here.

TOGETHER WITH RESOURCE STOCK DIGEST

New Tech Leader in US$11T Global Commodities Sector

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

Nuked: Shiba Inu didn’t escape the market-wide roundtrip on Wednesday and went up first but more down later. Here’s what’s coming next for SHIB.

Breakout: TON, the Telegram-related blockchain, has been one of the few alts that’s been doing great. And it could go up more, according to this trader.

Miners: Bitcoin mining stock continue their move ever since Donald Trump embraced the industry. Bitfarms is the latest miner stock that’s popping.

Bullish: Dogecoin is another memecoin that hasn’t really gotten going in the last few weeks. But it’s got a “nice little bullish chart,” apparently…

Capitulation: A 30% candle down is not what you want to see on your coin. But that’s what happened to this Ethereum-related DeFi coin…

FINTECH FOCUS

MicroStrategy To Raise $500M To Boost Bitcoin Holdings

Briefly: MSTR announced plans to issue $500 million in convertible senior notes due in 2032.

What Happened: MicroStrategy wants to buy more Bitcoin (of course) and is issuing more convertible notes to finance that.

What Else: The company is currently the largest publicly traded bitcoin holder, with a total of 214,400 BTC valued at over $14 billion.

Why It Matters: MicroStrategy has billed itself as a “Bitcoin development company” whose main goal it is to acquire as many Bitcoin as possible.

Read all about how MicroStrategy is doing that here.

TOGETHER WITH RESOURCE STOCK DIGEST

New Tech Leader in US$11T Global Commodities Sector

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.