Today’s Nuggets
Aunt Cathie: “This too shall pass!”
Sol Staking ETF Launches Tomorrow
Jupiter Lend Coming Soon
Dennis Porter: Real Bull Run Only Just Began!
Bitcoin Scarcity via Mag7
Why SOL L1 for Tokenization
xStocksFi Runs on Solana
If Approved, Good For Miners
No Mon No Fun - Consumer Spending Tanks
This is OCTA Tuesday and it has been a rough 24 hours.
Yesterday was an incredible day. Live during DCA, the announcement that the SOL ETF is being approved, and of course, SOL's price goes down. However, everything has gone down.
Then we had tokenization of stocks happen all over the planet simultaneously, which is quite incredible.
We have many rumors about MicroStrategy being added to the S&P 500, but nothing official yet. The S&P takes its time in deciding.
The question is, what happened in June? What could happen in July? These are the questions I will try to address.
The elephant in the room is the spat between President Trump and Elon Musk.
Elon feels strongly about deficits and the big, beautiful bill. He does not want it to be approved; it got approved. It is happening. I am hoping smarter minds will prevail. Sometimes people are on the spectrum and let things go with emotional outbursts, and they should not. I try to bite my tongue all the time.
Per Cathie Wood, this too shall pass.
This time around was a bit tricky. There are still many people, such as Cern Basher and Joe Bakhti, who believe it is all drama. Fingers crossed, it will all be a nothing burger, and deficits will continue way beyond the point of no return. The only way we can grow out is with robots, and that is what Elon should be focused on, not politics.
The SEC delayed staking for the Bitwise spot ETH ETF.
Something is wrong with the Bitwise filing for their ETH ETF. This is strange...
...because yesterday the REX-Osprey SOL staking ETF was approved, and that is launching tomorrow.
I will be watching what happens with the flows, but it is bonkers what is going on with that particular chain. The data is incredible, but the market does not reflect the data at all by any stretch of the imagination. There will be at least eight more of these staking ETFs coming for Solana.
Hopefully, TradFi will be able to analyze the data and review some of the data we have in the SCP Profiler. The data is
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