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The Crypto Market is Out of Control (WHY NEXT 10 DAYS ARE HUGE) - YouTube
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welcome back everybody to altcoin daily
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my name's austin in today's video i want
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to share with you the latest news
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involving ethereum involving solana
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involving uniswap as well as other
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altcoins but first we have to start with
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the breaking news of the day a bitcoin
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etf has been approved
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by the nasdaq
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the nasdaq has just approved the
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valkyrie bitcoin futures etf
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now it's up to the sec
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be ready
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here is the official letter from the vp
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at the nasdaq
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to the division of corporate finance of
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the sec
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this is to certify that on october 15
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2021 the nasdaq stock exchange received
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from valkyrie etf trust a copy of the
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registrant's application to register the
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following securities most specifically
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the valkyrie bitcoin strategy etf
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we further certify that the securities
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described above have been approved by
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the exchange for listing and
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registration upon official notice of
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issuance
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this is big we've never seen this before
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with nasdaq saying yes like this to a
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bitcoin etf next step is approval from
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the sec and it has already been
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registered according to a different
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october 15th notice this one from the
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sec the agency has accepted the
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registration request for shares of
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valkyrie's bitcoin strategy etf for
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listing on nasdaq we can see that
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official notice
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right here right from scc.gov here it is
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this just happened today for valkyrie's
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bitcoin strategy etf and just to sort of
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sum this all up
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i liked this tweet
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valkyrie's bitcoin etf has been
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registered with the sec
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it still needs to be approved but this
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is the closest we've gotten to an etf
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this far
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and be ready if approved this should
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happen within the next 10 days
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and what does this mean to you as a
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crypto investor
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why do i say the crypto market could
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potentially get out of control well
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think about it the bitcoin futures etf
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is going to hit the market while 85
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of the bitcoin circulating supply has
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not moved in 90 days as well as
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inflation is accelerating at more than 5
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percent absolutely bananas
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give me your thoughts on this bitcoin
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futures etf down below
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seriously let's all check the comment
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section right now leave a comment give
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me your thoughts on this
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now
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let's go a little bit farther while this
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is a very very big deal this bitcoin
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futures etf
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this channel altcoin daily will not just
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give you the opium so you can make the
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best decision for you as a crypto
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investor and what i mean by this is that
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this is a good step but this is a small
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step out of many in its august 11th
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prospectus with the sec valkyrie said
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its bitcoin strategy etf would offer
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indirect exposure to the crypto asset
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with cash settled futures contracts so
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these investors will not actually have
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to hold any of the bitcoin if they buy
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the etf what i would like to see is
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bitcoin settled futures contracts or
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just bitcoin settled contracts where at
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the end of the month or at the end of
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the deadline they have to cash out in
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actual bitcoin here they just cash out
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in usd
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i still like it i still think this is a
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very positive step
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but in these next 10 days this is not
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the finish line this is the starting
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line in many respects to full acceptance
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from traditional finance the deadline
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for the sec to officially approve this
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valkyrie etf application is october 25th
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they could still extend to december but
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from what we're seeing it looks like
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this gets approved within the next 10
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days
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and one of the official scc accounts
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just put out a tweet yesterday is
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already planting seeds before investing
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in a fund that holds bitcoin futures
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contracts
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make sure you carefully weigh the
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potential risk and benefits check out
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our investor bulletin to learn more
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interesting they would not be tweeting
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something like this out
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if a bitcoin etf approval was not
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brewing
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let's keep moving and by the way forgot
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to mention if you're interested in
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making money with cryptocurrency click
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subscribe right now we drop a video
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every single day demystifying this
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cryptocurrency market you do not want to
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miss one
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next piece of news involving ethereum
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fox entertainment has just given away 20
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000 masked singer nfts and this should
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not be taken for granted because what
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this means is fox holds ethereum and
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they're encouraging their audience to
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download an ethereum wallet for these
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nfts
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we've never seen this before as we've
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reported previously fox has invested 100
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million dollars in its new blockchain
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creative labs division which handles the
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nfts for the network for the media
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conglomerate
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and yesterday ten thousand free miss
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masking nfts
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in their mask verse collection were
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claimed by fans in 10 hours demand was
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so great that fox gave away another 10
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000 of them today and these are nfts on
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the ethereum blockchain
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each erc721 and
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erc1155 collectible features a character
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from the mask singer television series
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and is minted on the e-love.i o
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blockchain which is on ethereum
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in exchange for the nfts users had to
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register their digital wallets on
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maskverse.com
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wow all these fans of a reality tv show
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are downloading ethereum wallets
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and next week on october 20th fox plans
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to unlock the marketplace where fans can
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then buy sell and trade those mask
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singer nfts give me your thoughts on
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this down below in the comment section
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but this is big do not take headlines
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like this for granted especially if you
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hold ethereum
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next piece of news for solana
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ftx the exchange to launch nft lotteria
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game onsolana to fund a program for
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hispanic engineers the popular mexican
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game will be turned into a solana-based
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nft experience with funds benefiting
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educational organizations if you're part
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of our hispanic audience feel free to
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comment your thoughts on this game down
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below but this is a big win for solana
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lotteria has endured for centuries as a
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popular game in mexico and will soon
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make the jump into the crypto world as
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well
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today the crypto exchange ftx and crypto
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gaming firm animoka brands announced
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plans to create an nft centric version
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of the game that will launch on the
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solana blockchain my understanding is
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this is a bingo like game and in terms
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of who else will be involved
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snickerdoodle a blockchain tech company
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will develop the nft collectibles which
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are planned to launch in early december
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exclusively via ftx's nft marketplace
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internationally what this means to you
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as a potential solana investor
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is this may be the catalyst for a large
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part of the global hispanic audience to
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come to solana
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nft lotteria's collectibles will feature
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artwork from hispanic artists and the
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project will benefit non-profit
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organizations focused on educating and
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training young hispanic american
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engineers particularly with a focus on
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encouraging blockchain development
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pretty cool
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love to see it hispanic audience sound
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off below
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next piece of quick news for
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decentralized exchange uniswap
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uniswap has just tapped former obama
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campaign spokesperson to handle
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communications the washington insider
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will help the company navigate through
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increasingly turbulent regulatory waters
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i love this because of the big banks are
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going to have lobbyists and spokespers
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people in congress in the press
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crypto companies should certainly have
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their voice heard as well
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former senior spokesperson for barack
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obama harry sevugan has joined the
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uniswap labs team according to protocol
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founder hayden adams who welcomed him
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aboard on october 14th and he knows
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washington the washington insider was
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well known for his role in former
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president barack obama's 2008 campaign
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and sevugan will be managing media
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affairs for uniswap in addition to
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assisting the firm with relations to new
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and existing users
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in a direct quote
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i'm excited to join the brilliant team
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at uniswap because they're committed to
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making sure that we build in a way that
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reaches crypto's potential of giving
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more people ownership of their own
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financial futures and the value they
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create i like it good news for the
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future of uniswap
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next piece of altcoin news
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flow integrates filecoin storage
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services to make their nfts more
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decentralized
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so filecoin has become the official
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storage partner of the flow blockchain
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with the firm working to provide
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decentralized storage for nfts minted on
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dapper labs's network a very interesting
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partnership but i do believe this will
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benefit both parties decentralized
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storage for flow and more adoption
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for filecoin
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filecoin said in an october 13th
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announcement that the move was part of a
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push to ensure hodlers and issuers of
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nfts are securely available everywhere
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so they want the storage of these nfts
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available everywhere in a decentralized
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manner
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the collaboration enables flow users to
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mint nfts
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leverage ipfs interplanetary file system
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content addressing and store the tokens
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in decentralized storage hosted by
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filecoin and the last thing i'll say is
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flow's already pretty popular dapper
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labs nba top shot so there's already
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many nfts on flow that are not currently
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at this moment using filecoin well
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filecoin is providing some incentives to
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change that
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as part of the collaboration filecoin
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has also opened next step grants worth
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five thousand dollars for each eligible
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nft project on flow that integrates with
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ipfs or filecoin's network love to see
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it give me your thoughts down below but
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an integration that i feel does benefit
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both parties
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but that is the video my name is austin
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if you haven't already be sure to check
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out our interview with gene simmons
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really fun conversation
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but like always see you tomorrow
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it's a great day to be a hodler
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