Square Site Map
One month ago, Standard Chartered predicted that with ETF approval in the rearview mirror, bitcoin would eventually rise up to $200,000. It has since turned its attention to ether and the inevitable ethereum ETF approval, and while it does not follow up with a similarly bombastic forecast, it nonetheless sees ETH rising to $4,000 by May 23, when it expect the Ethereum ETH will be approved. Incidentally, we agree.
How do they get there? Well, as Std Chtd analyst Geoff Kendrick writes, the SEC approved 11 new spot Bitcoin ETFs on 10 January. The approvals, along with BTC price action before and since, provide valuable lessons for the ongoing Ethereum (ETH) ETF application process.
According to Kendrick, the SEC’s dominant strategy for ETH ETF applications is to replicate the BTC process. This partly reflects structural similarities between the two. During its case against Ripple in June 2023, the SEC did not list ETH (or BTC) among the 67 coins and tokens that it claimed were “securities". In addition, ETH - like BTC - is a listed and regulated futures contract on the Chicago Mercantile Exchange (CME).
As a result, the bank expects pending applications for ETH US spot ETFs to be approved on 23 May, the final deadline for the first of the ETFs under consideration - the equivalent date to 10 January for BTC ETFs. And if ETH prices perform similarly to how BTC prices performed in the lead-up to BTC ETF approval, Kendrick expects ETH to trade as high as $4,000 by then. Shiba Inu lead Shytoshi Kusama has lit up fresh speculations with a cryptic new tweet. The tweet, not addressed to anyone, reads, "Confirming with the guys. Nice to meet you!"
The tweet has sparked a lot of curiosity and speculation among the Shiba Inu community, also known as the ShibArmy, who have been eagerly waiting for updates and news from the project.
Kusama has not provided any further details or clues about his tweet, leaving the Shiba Inu community in suspense and anticipation. This also leaves open the interpretation of his tweet.
Confirming with the guys... nice to meet you!
— Shytoshi Kusama™ (@ShytoshiKusama) February 7, 2024
Several meanings are likely: the tweet could hint at a new partnership or collaboration with a major entity or platform, given the conversational manner of the tweet. The tweet could be teasing a new campaign that could boost the exposure and awareness of the Shiba Inu project.
This would not be the first time that Kusama has teased the Shiba Inu community with mysterious tweets. In the past, he has hinted at various developments and surprises for the Shiba Inu project via cryptic tweets.
Earlier in January, Shiba Inu unveiled 2024 as the year of Shibdentity while revealing its collaboration with D3, an official identity service provider.
As the year rolls on, Shiba Inu is expected to make major announcements as it prepares to launch new features.
Big news for Shibarium
Recently, K9 Finance was onboarded as a Shibarium partner. In line with this, Lucie, a Shiba Inu team member, announced a major feature that will be born as a result of this collaboration.
Liquid Staking Derivatives (LSD) is set to launch soon, Lucie said in a tweet. The feature is expected to make staking BONE tokens easier and more flexible than ever by allowing users to stake their BONE tokens by delegating them to a validator node. This would help secure the Shibarium network and thus provide BONE rewards.
In addition to BONE rewards, users would also receive knBONE tokens, representing their staked BONE assets, which can be freely traded or used for various purposes without waiting for the unstaking period.
$SHIB #shib #Write2Earn The forgotten dragon - $BNB
A few months ago, I was writing in Paradigm about the Inverse Head and Shoulders pattern I noticed on BNB. What followed was a perfect example of a break, retest and explosive continuation.
After we had the "Throwback" at the $265 area, BNB went on a rip and smashed through the $305 intermediary resistance, only to stop at the projected target of $330.
After failing to push higher towards $350, BNB started pulling back, and since then, it has printed yet another very interesting potential pattern.
This is a very clear Cup and Handle pattern, which will be confirmed if we see a break, retest and continuation on the daily chart above the $313/$315 area. The projected target of this pattern is $420, with intermediary resistance around the $350 area.
Please bear in mind that this is potential, so we still want BTC above $45k on the daily close and continuation higher, along with BNB taking out $315 and continuing above $320 in order to have confirmation.
Thank you for taking the time to read this, and as always, if you found it valuable, likes and retweets are greatly appreciated. 🫡
These are the types of trades and setups we discuss on daily and weekly in ParadigmShift, join below: 
