HODL My Beer - June 4, 2024

Here’s What’s On Tap

House Budget Blocks SEC's SAB 121 The House budget aims to block the SEC from implementing SAB 121, a rule seen as unfavorable to the crypto industry. Lawmakers are stepping in to halt this regulation. It's a win for crypto advocates pushing back against overreach. 🤡 Story here

Bain Capital Raising Second Crypto Fund Bain Capital Crypto is raising a second fund, according to a recent filing. The firm is doubling down on its crypto investments. Looks like the big players are here to stay. 💸 Read it here

Ethereum ETF Approval Could Be Huge The potential approval of an Ethereum ETF could have a massive impact on the market. Analysts predict it would boost Ethereum's liquidity and visibility. Stay tuned, the SEC is up next. 🚀 Find it here

Bitcoin Short-Term Holders Increase Stakes Bitcoin short-term holders have upped their holdings by over 1 million BTC in the last six months. This accumulation trend shows growing confidence in Bitcoin’s short-term prospects. HODL is the game plan. 🥇 Story here

Binance Announces World Championship Binance is launching its inaugural World Championship with over $4 million in rewards. The competition aims to engage and reward its global community. Who's ready to win big? 🍿 Read it here

Ethereum Layer 2 Networks Making Bank Ethereum Layer 2 networks are raking in millions, with Base leading the charge. These networks are critical for scaling and efficiency. Making money while solving problems, that's the way. 🤑 Find it here

Bitcoin Miner Reserves Drop Bitcoin miner reserves have dropped to 1.81 million BTC, raising eyebrows. The decline in reserves could signal selling pressure. Time to watch the market moves closely. ⏳ Story here

Dogecoin Whale Accumulation Whales are accumulating Dogecoin despite its price decline. Big players are betting on a Doge comeback. Could be an interesting twist. 🐋 Read it here

Theta Network Takes on Netflix Theta Network is challenging giants like Netflix and YouTube. Its decentralized model aims to revolutionize content streaming. The underdog story we all love. 🎬 Find it here

Solana Trader's Insane Gain A Solana trader turned $10,000 into $400,000 in just 10 minutes with a little-known cryptocurrency. This crazy profit shows the wild volatility of the crypto market. Sometimes, it pays to be lucky and quick. 🌙 Story here

US Politicians Pressure Biden on Binance Employee US politicians are asking President Biden to bring home a Binance employee detained in Nigeria. This situation is putting international crypto relations to the test. The clock is ticking for a diplomatic resolution. 🦸‍♂️ Read it here

SocialFi Hits a Slump SocialFi platforms are experiencing a major slump. Despite initial hype, user engagement and interest have plummeted. It's a reality check for the sector. 🚮 Find it here

Cardano Volume Skyrockets Cardano's trading volume surged 28%, hinting at a potential breakout. ADA holders are eyeing significant gains. Watch this space for more fireworks. 🚀 Story here

Ukraine Police Bust Crypto Call Center Ring Ukrainian police raided a criminal crypto call center ring, arresting several suspects. The operation was involved in various fraudulent activities. These crooks picked the wrong side of crypto. 🚓 Read it here

Solana vs. Ethereum Debate Continues Solana’s product execution is being compared to Ethereum’s, with some saying Ethereum is superior. The debate over which platform reigns supreme is ongoing. Grab your popcorn, it's going to be a long one. 🏆 Find it here

Nice Charts Can Be Found Here

Cluster Dates

Derived from NASA's Jet Propulsion Laboratory data and analyzed through the lens of Gann Analysis, the ensuing date intervals warrant close observation, particularly when a market or specific instrument exhibits strong directional momentum. In such instances, there's a substantial likelihood of witnessing a sharp reversal in trend around these pivotal dates.

In other words: put these in your calendar in ALL CAPS and write something like PAY THE F*CK ATTENTION KK THNX.

May 17-28

July 15

August 14 -22

September 7-17

November 17-19

Gann Stuffs

The following dates and prices come from Gann’s Square of 9. The Square of 9 was one of Gann’s tools that he used to identify when and at what price levels major changes in an instrument could occur.

Pay special attention if Bitcoin trades at any of the price levels on/near any of those dates, especially if they share the same degree.

For example, if Bitcoin is trading near 52,441 on March 30, 2024 (both are 180-degree levels), watch for major moves to occur.