📝 Bitcoin and Ethereum News Summary

1️⃣ Negative News
A. Risk-Off Phase and Selling of $BTC Bags
Hedge funds are continuing their risk-off approach, leading to ongoing Bitcoin sell-offs. Especially notable is Cathie Wood, who was bullish on crypto, selling her ARK Invest BTC ETF, indicating preparations for a prolonged market downturn. Recently, there has been net outflow from BTC ETFs $350M .
B. Miner Sell-offs
MARA Holdings sold all their Bitcoin holdings. This shift is part of a pivot towards AI-focused projects, and it’s ironic to see the company’s stock rise 10% after selling Bitcoin 😂.
C. Quantum Computers
Google announced it will build resistance systems against quantum computer security threats by 2029. There are concerns whether the Bitcoin community can unite effectively to develop quantum resistance. Also, ongoing war issues involving Trump’s grandfather figure add to the tension.
2️⃣ Positive News
A. Morgan Stanley Announces $BTC Spot ETF Launch
This is the first Bitcoin spot ETF announced by a traditional investment bank, not an asset manager. Following this, JP Morgan and Goldman Sachs are expected to enter the market. Morgan Stanley’s assets total around $9 trillion, so even a 2% inflow could amount to $160 billion.
B. Will It Really Be Included in 401(K)?
The Department of Labor’s proposed rules were reviewed on March 24. Once the official proposal is announced, BTC ETFs could be included in 401(K) plans. Even partial inclusion could attract around $10 trillion in funds. However, these rules are not solely targeting $BTC and could include other assets; inclusion of BTC is not mandatory even if approved.
C. Clarity Act
The tokenization era is now seen as an unavoidable future, as mentioned in a draft bill in the U.S. House. The markup of the Clarity Act at the end of April marks a significant step toward formal recognition of digital assets.
D. Unstoppable Momentum
Furthermore, from 2027 onward, blockchain-based tokenization is becoming a fait accompli, with DTCC and the SEC leading the way. Considering all these developments, $BTC and $ETH are no longer at a stage where their existence is in question.
E. Ethereum Preparing for Quantum Resistance
Like Google, Ethereum is planning to develop quantum resistance under the leadership of the foundation.
F. Coinbase-Backed $BTC Mortgage Launch
It might seem minor, but this could spark hope for future bank-backed $BTC collateralized financial products.
📝 Summary
Despite the ongoing downturn and war-related shocks, Bitcoin and Ethereum are progressing toward a future once only dreamed of. The key point now isn’t just the news but whether you’ve prepared funds to buy at this stage and in the potential recovery ahead. If not, make sure to manage this for the next cycle. As I grow older, I must avoid repeating the same mistakes.
📂 Miscellaneous
I plan to buy the full amount of Bitcoin and Ethereum spot holdings targeted during this downturn. Besides that, I’ll be traveling to Taiwan from tomorrow through next week to enjoy some leisure time! Recommendations for Taipei and Jiufen food spots appreciated!