Welcome to the Ghostfi™ Newsletter, we're here to keep you in the loop, so that you too can buy a Lambo when your Shiba Inu goes to the moon!

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Here’s what we have for you today:

• BlackRock's Covert Role in Igniting the Future Bitcoin Bull Run

• Coinbase Stock (COIN) Skyrockets as Crypto Exchange Takes Center Stage in Latest Bitcoin ETF Filing

• Top Cryptos to Buy Now in July – Aave, Uniswap, Chiliz…

• Hong Kong Poised to Take on USDT and USDC with its Own Stablecoin, Experts Claim

• Crypto Rookies’ Corner

BlackRock's Covert Role in Igniting the Future Bitcoin Bull Run

It's the magnificent Fourth of July, and guess what? The institutions have decided to grace us, mere mortals, with their presence in the first-ever Bitcoin bull cycle. Can you believe it? We have some mind-boggling metrics to prove it, but let's not trouble ourselves with complexities. The most crucial piece of information you need to grasp is that, historically, every bull market in the cryptocurrency world has been driven by retail investors. But not this time, my friends! Hold your applause because the institutions have taken the lead, leaving retail in the dust.

Now, you might think this is a wicked, sinister plot, but fear not! You could have easily hopped on the Bitcoin bandwagon ahead of the institutions. But alas, most of you didn't. No worries, though. It's been a wild ride, hasn't it? But behold, the institutions are finally stepping in, with BlackRock, Fidelity, and a whole bunch of major asset managers making their grand entrance into the Bitcoin ETF scene. It's like witnessing the future of cryptocurrency unfolding before our very eyes, starting with Bitcoin and eventually trickling down to other sectors. Isn't it just marvelous?

Oh, but let's take a moment to appreciate the United States, the land of innovation, business, money, and freedom. As we celebrate the birth of this great nation, we also witness the birth of the United States as a crypto-friendly hub. It's absolutely awe-inspiring! Brace yourselves, my fellow Americans, for a future where the U.S. dominates the crypto industry, just like it does in every other field. It would be utterly absurd for crypto to be the ugly stepchild pushed aside while other nations reap all the benefits. No, no, my friends, America shall rise and shine once again!

So, dear viewers, revel in these early bull cycle moments. This is the magical time when crypto is still seen as a realm for crazy individuals before it hits the mainstream news and your favorite TikToker bombards you with "five altcoins to invest in." Ah, the tranquility! These are the opportune times, my friends. The chances to seize true opportunities lie in buying not just one asset, but multiple assets in the ecosystem that hold promise. And guess who's entering the scene? The institutions, of course! If you don't find that bullish, well, take a gander at the history of financial markets. It's positively bullish!

But let's not forget the thorny challenges that lie ahead. We must protect our right to self-custody, our freedom, and the very essence of owning our crypto. But let's save that battle for another day, shall we?

So, my fellow enthusiasts, if you've enjoyed this delightful episode of the early bull cycle vibes, do us a favor—smash that like button and get ready for the exhilarating years ahead. Whether we experience minor dumps to scoop up some cheaper coins or witness a godly surge to $100K, one thing is certain: we're in for another exciting cycle. I, for one, am prepared and eager for it. We've weathered the bearish storms, and now it's time to embrace the forthcoming bullish timeline.

Oh, and by the way, how do you like my new camera? Isn't it fabulous? If you want more goodness like this, click on the next video, my friends. It's even better! Until then, cheers to the wild ride ahead!

Coinbase Stock (COIN) Skyrockets as Crypto Exchange Takes Center Stage in Latest Bitcoin ETF Filing

In an astonishing turn of events, the glorious Coinbase (COIN) has witnessed a surge in its shares. Why, you may ask? Well, brace yourself for this mind-blowing news: the exchange operator Cboe Global Markets has daringly refiled its spot Bitcoin exchange-traded fund (ETF) application. Can you feel the excitement in the air?

Oh, but let's not forget the drama that unfolded previously when the U.S Securities and Exchange Commission (SEC) decided to reject Cboe's initial application. It seems they had the audacity to claim it was "unclear and incomprehensive." Can you believe it? BlackRock and Fidelity were behind this application, and yet the SEC had the nerve to demand more details. Outrageous!

But hold on to your hats, ladies and gentlemen, for there is more to this tale. Bloomberg's esteemed senior ETF analyst, Eric Balchunas, shed some light on the situation. According to him, the SEC wanted the elusive "crypto exchange" to be named, and they also craved additional information about the "surveillance agreement." How dare they expect such trivialities? It's almost as if they want clarity and transparency. Preposterous!

Fast forward to the present, and behold! A refiling of the application has emerged, with the news that Coinbase, in all its glory, has graciously agreed to enter into a "surveillance-sharing agreement" with none other than the Nasdaq Stock Exchange. Such camaraderie!

But wait, there's more! While the SEC juggles the new ETF application involving Coinbase, they are also embroiled in a legal battle against the crypto exchange. Accusations are flying left and right, with the regulatory body accusing Coinbase of selling unregistered securities. The nerve!

Ah, but fear not, for Coinbase refuses to back down. They have boldly filed a motion to dismiss the SEC's lawsuit, claiming that the regulatory body has no jurisdiction over them. And as if that's not enough, they assert that their transactions are far too magnificent to be considered securities. Bravo, Coinbase!

In the midst of all this chaos, the COIN shares have witnessed a staggering 11% surge since the latest ETF filing. They are soaring high, reaching a breathtaking 154% increase from their all-time low of $31. Can you believe your eyes? It's like witnessing a majestic unicorn riding on a rainbow.

So, there you have it, dear readers. The exhilarating tale of Coinbase, Cboe, the SEC, and their incredible adventures in the world of finance. It's a story filled with drama, uncertainty, and a touch of sheer audacity. Stay tuned for the next chapter, where anything can happen in this thrilling cryptocurrency saga!

GhostFi’s™ Recommended Exchange

Top Cryptos to Buy Now in July – Aave, Uniswap, Chiliz…

Crypto markets are having a little tantrum ahead of the release of the oh-so-important US Federal Reserves' meeting minutes. Bitcoin and Ether are both down, like, a whole 2% and 2.5%, respectively. Brace yourselves, folks, because this is just the beginning of a series of macro events that might cause some excitement in the crypto world. Who knows, maybe the Fed's decisions will send everyone into a frenzy.

But wait, for those of you who are tired of the same old, boring Bitcoin and Ether, here are some super-duper coins you can consider buying. First up, we have Aave. Apparently, it's on the verge of a new bull market. Wow, so exciting! AAVE/USD broke some downtrend thingy and might reach resistance levels with percentages and stuff. Don't ask me to explain it, I'm just here to entertain you.

Next on the list is Wall Street Memes. Yeah, you heard that right. They're not just about stocks anymore, they're also dabbling in cryptocurrencies. They even have their own token, $WSM. The presale of this token has raised a ridiculous amount of money, probably because their Instagram account has more followers than some small countries' populations. If you're lucky, you might get some airdrops or whatever. Analysts predict this token will be listed on the cool crypto exchanges, like Binance, because, you know, numbers and stuff.

Moving on, we have Uniswap. It's in an uptrend, but it's hitting some resistance at its Moving Average thingy. If it can break through, it might reach yearly highs. Yay for Uniswap! It's one of those decentralized exchange thingies that people seem to like. I guess it's a big deal in web3 or something. Look, I'm just here to make fun of things, not explain them.

Now let's talk about yPredict. They claim to have a magical price prediction system that will help you find the next big crypto thingy. And guess what? It's free! No need to log in or anything. They're also building a super-fancy platform with AI-powered signals and stuff. Apparently, AI is the cool thing now, and yPredict is riding that wave. So, if you want to jump on the AI bandwagon, maybe check out their token, $YPRED. It's available in a presale or something. Good luck with that.

Lastly, we have Chiliz, the token for a sports and entertainment crypto platform called Socios. Unfortunately, it's been struggling lately, probably because of some SEC FUD. But hey, if it can break some resistance levels, it might bounce back. Who knows, maybe sports and crypto will finally merge into something amazing.

So there you have it, folks. Some exciting coins to consider buying. Or not. I mean, do whatever you want. Just remember, the crypto world is a wild ride, and nobody really knows what they're doing. Happy investing, or whatever you call it!

Hong Kong Poised to Take on USDT and USDC with its Own Stablecoin, Experts Claim

Here we go again! Some brilliant minds have come up with a groundbreaking proposal for the Hong Kong government: they should launch their own stablecoin! According to these self-proclaimed Web3 experts and some other important-sounding individuals, this move would be a fantastic way to take on the existing stablecoins like Tether and USD Coin. Because who needs those when we can have our very own HKDG, right?

These visionaries claim that a stablecoin pegged to the Hong Kong Dollar would revolutionize the financial world. It would enhance financial inclusiveness, make transactions more efficient, cut costs, improve payment systems, and boost the fintech capabilities of the Chinese special administrative region. Can you imagine the possibilities? The future is here, my friends!

Apparently, the government's current strategy of allowing private institutions to issue stablecoins is just not ambitious enough. It might even lead to a restricted market share. We can't have that, now can we? They point to Singapore's XSGD stablecoin as a shining example of success with its whopping market cap of $6.6 million. Impressive, right?

But wait, it gets even better of course! The proposed HKDG stablecoin would be backed by Hong Kong's foreign exchange reserves, which are around $430 billion. That's right, a billion with a 'B'. So much more credible and less risky than the combined market cap of over $110 billion for USDT and USDC. Who needs those stablecoins when we have the mighty HKDG backed by the government?

Of course, they do acknowledge some tiny little risks, like legal and regulatory hurdles, technical risks, and short-term exchange rate fluctuations. But hey, compared to stablecoins issued by private institutions, the risks associated with a government-issued HKDG are practically nonexistent. Trust us, we're the experts!

Oh, and did I mention that the HKDG could also help Hong Kong in its quest for de-dollarization? Yes, that's right! We can challenge the dominance of the U.S. Dollar in the crypto ecosystem. Take that, Yanks!

But hang on, there's more! The experts believe that the HKDG could provide additional liquidity for government investment projects, digitize traditional assets, promote financial innovation and competitiveness, and increase transparency. It's like a magic potion that will solve all of Hong Kong's problems.

So, there you have it, my friends. The grand proposal to launch the HKDG stablecoin. It's a genius idea, really. Because what could possibly go wrong when a government ventures into the world of cryptocurrencies? It's bound to be a wild ride full of excitement and adventure. Buckle up, Hong Kong, the HKDG is coming!

💰 Crypto Rookies’ Corner 📈

🛠 Mini-Course again!
How to Get Started with Crypto: A Guide for Bank-to-Wallet Transactions. This stays because it’s key to moving around the CryptoVerse🛠

Phantom Press

Cameron Winklevoss Says SEC’s Crypto Policies Have Been Complete Disaster for US Investors
Cameron Winklevoss says that the U.S. Securities and Exchange Commission (SEC) is doing more harm than good to crypto investors. The Gemini crypto exchange co-founder tells his 718,700 Twitter followers that the SEC’s past rejections of spot Bitcoin (BTC) exchange-traded fund (ETF) applications were not in the best interest of investors. Winklevoss says that he […]

Project Incubated by Coinbase Gears Up for Launch of Ethereum Layer-2 Mainnet
A project supported by the US-based crypto exchange Coinbase says that its Ethereum (ETH) layer-2 protocol is on the cusp of launching its mainnet. The project, known as Base, says it has recently completed internal and external security audits, which means it has now fulfilled four out of the five criteria it set out for […]

IRS Forces Kraken To Produce Records of Users With Total Crypto Transactions Worth $20,000 or More
A new court order is forcing crypto exchange Kraken to give the Internal Revenue Service (IRS) some of its users’ data for the purpose of investigating potential tax violations. In March 2021, the IRS filed a petition to identify Kraken accounts that engaged in crypto transactions worth at least $20,000 in any single year from […]

UK on Path Toward Crypto Clarity As Financial Services and Markets Bill Inches Toward Legislation
The United Kingdom (UK) is taking a step to increase regulatory clarity for cryptocurrencies with the final approval of a bill related to digital assets. According to a new press release, the Financial Services and Markets Act (FSMB) 2023 was granted Royal Assent, the final step in the process to become law. The bill enables […]

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DISCLAIMER: None of this is financial advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. Please be careful and do your own research.