Looks like Bitcoin is gaining that energy to run faster without stopping now I'm feeling that peace of mind.
Next stop, $28k before Friday.
Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 1751. (Read 26717532 times)
August 29, 2023, 10:28:33 AM
August 29, 2023, 10:23:10 AM
Quote
To avoid arbitrariness and caprice, administrative adjudication must be consistent and predictable, following the basic principle that similar cases should be treated similarly.
NYSE Arca presented substantial evidence that Grayscale is similar, across the relevant regulatory factors, to bitcoin futures ETPs. The Commission failed to adequately explain why it approved the listing of two bitcoin futures ETPs but not Grayscale’s proposed bitcoin ETP. In the absence of a coherent explanation, this unlike regulatory treatment of like products is unlawful. We therefore grant Grayscale’s petition for review and vacate the Commission’s order.
NYSE Arca presented substantial evidence that Grayscale is similar, across the relevant regulatory factors, to bitcoin futures ETPs. The Commission failed to adequately explain why it approved the listing of two bitcoin futures ETPs but not Grayscale’s proposed bitcoin ETP. In the absence of a coherent explanation, this unlike regulatory treatment of like products is unlawful. We therefore grant Grayscale’s petition for review and vacate the Commission’s order.
That quote is brutal. A total roast.
Actually well deserved.
The SEC did an actual damage to the US investors, obliging them to invest in dubious vehicle or stocks (MSTR?) to get exposure to Bitcoin, instead of investing in a simple ETF.
August 29, 2023, 10:18:09 AM
So I've reading that Greyscale has won it's lawsuit against SEC, anyone have any more info on this? Can't find a link or article anywhere... but hence the +5% pump so far apparently.
Note that GBTC is up around 20% at the moment, so I'd say the news "adds up", as the premium is disappearing rapidly.
Edit: Just seen post above that explains things, cheers
Note that GBTC is up around 20% at the moment, so I'd say the news "adds up", as the premium is disappearing rapidly.
Edit: Just seen post above that explains things, cheers
Quote
To avoid arbitrariness and caprice, administrative adjudication must be consistent and predictable, following the basic principle that similar cases should be treated similarly.
NYSE Arca presented substantial evidence that Grayscale is similar, across the relevant regulatory factors, to bitcoin futures ETPs. The Commission failed to adequately explain why it approved the listing of two bitcoin futures ETPs but not Grayscale’s proposed bitcoin ETP. In the absence of a coherent explanation, this unlike regulatory treatment of like products is unlawful. We therefore grant Grayscale’s petition for review and vacate the Commission’s order.
NYSE Arca presented substantial evidence that Grayscale is similar, across the relevant regulatory factors, to bitcoin futures ETPs. The Commission failed to adequately explain why it approved the listing of two bitcoin futures ETPs but not Grayscale’s proposed bitcoin ETP. In the absence of a coherent explanation, this unlike regulatory treatment of like products is unlawful. We therefore grant Grayscale’s petition for review and vacate the Commission’s order.
Full text of the decision here https://www.cadc.uscourts.gov/internet/opinions.nsf/32C91E3A96E9442285258A1A004FD576/$file/22-1142-2014527.pdf
August 29, 2023, 10:13:14 AM
Good News I guess 
Source: https://twitter.com/WatcherGuru/status/1696536520407290301?t=hEG9fqQwNRH_uDwoecYDUg&s=19
Source: https://twitter.com/WatcherGuru/status/1696536520407290301?t=hEG9fqQwNRH_uDwoecYDUg&s=19
August 29, 2023, 10:12:24 AM
Buddy's missing all the fun!
August 29, 2023, 10:09:59 AM
SEC has been overstepping its boundaries for quite a while now. Its about time they got put in their place. I am loving this news.
August 29, 2023, 10:09:47 AM
Bitcoin has finally achieved $27k price mark once again! Soon it will reach $29k and again! Go Bitcoin go, you can reach that price mark easily.
At least the price is bumping, don't be surprised when it gets back to $25k or $26k again..
Good to see it at $27k but I don't see it going to $29k too soon...
Is like the price is not sure of going up or down... Feel like bitting my fingers off😬
At least 26 is no longer the new 29. And I hope that such a jump indicates that the market has begun to move, and the picture with a stick poking at bitcoin will not be reposted yet.
Although...
Looks like it's time for this picture.
August 29, 2023, 09:55:56 AM
So I've reading that Greyscale has won it's lawsuit against SEC, anyone have any more info on this? Can't find a link or article anywhere... but hence the +5% pump so far apparently.
Note that GBTC is up around 20% at the moment, so I'd say the news "adds up", as the premium is disappearing rapidly.
Edit: Just seen post above that explains things, cheers
Note that GBTC is up around 20% at the moment, so I'd say the news "adds up", as the premium is disappearing rapidly.
Edit: Just seen post above that explains things, cheers
August 29, 2023, 09:53:44 AM
SEC Must Review Grayscale's ETF Bid After Previous Rejection, Appeals Court Rules
https://www.coindesk.com/policy/2023/08/29/sec-must-review-grayscales-etf-bid-appeals-court-rules/
The Judge destroyed the SEC in today's judgement:
"The Commission’s unexplained discounting of the obvious financial and mathematical relationship between the spot and futures markets falls short of the standard for reasoned decision making."
https://twitter.com/alistairmilne/status/1696535481050399011
https://www.coindesk.com/policy/2023/08/29/sec-must-review-grayscales-etf-bid-appeals-court-rules/
The Judge destroyed the SEC in today's judgement:
"The Commission’s unexplained discounting of the obvious financial and mathematical relationship between the spot and futures markets falls short of the standard for reasoned decision making."
https://twitter.com/alistairmilne/status/1696535481050399011
August 29, 2023, 09:48:07 AM
BTC is on fire🔥. 27600
Breaking: Grayscale wins it's lawsuit against the SEC
Breaking: Grayscale wins it's lawsuit against the SEC
August 29, 2023, 09:47:47 AM
Correction
Little more as Ant-ish
Little more as Ant-ish
Now its time bags packed... Here we goo
Double check
August 29, 2023, 09:45:16 AM
Bitcoin has finally achieved $27k price mark once again! Soon it will reach $29k and again! Go Bitcoin go, you can reach that price mark easily.
At least the price is bumping, don't be surprised when it gets back to $25k or $26k again..
Good to see it at $27k but I don't see it going to $29k too soon...
Is like the price is not sure of going up or down... Feel like bitting my fingers off😬
August 29, 2023, 09:44:24 AM
Bitcoin has finally achieved $27k price mark once again! Soon it will reach $29k and again! Go Bitcoin go, you can reach that price mark easily.
I think I'm dreaming look at the price after 5 minutes. Go Bitcoin go!
I think I'm dreaming look at the price after 5 minutes. Go Bitcoin go!
Why?
August 29, 2023, 09:43:05 AM
The BTC price these days seems to be stuck in a time loop like Groundhog Day.
OHHH Look loop is getting reaped out
.... Now it should stop at least at the 30k 
August 29, 2023, 09:33:15 AM
Bitcoin has finally achieved $27k price mark once again! Soon it will reach $29k and again! Go Bitcoin go, you can reach that price mark easily.
I think I'm dreaming look at the price after 5 minutes. Go Bitcoin go!
I think I'm dreaming look at the price after 5 minutes. Go Bitcoin go!
August 29, 2023, 09:26:58 AM
Correction
Little more as Ant-ish
Little more as Ant-ish
Bring out dee ANTZ!
August 29, 2023, 09:26:10 AM
+1. Language is important.
Sorry Jay, fillippone's got you there. And notice the type of apostrophe he's using: it's slanted (’), not straight ('), meaning he's either using a Mac or he's Nullius' alter-account. Either way, kudos to him.
August 29, 2023, 09:22:34 AM
Correction
Little more as Ant-ish
Little more as Ant-ish
August 29, 2023, 09:20:47 AM
The BTC price these days seems to be stuck in a time loop like Groundhog Day.
Ant-loop
August 29, 2023, 09:03:11 AM
bitcoin is flat, though...who of OGs is the most responsible for it?
Blame Philipma1957. At this particular moment, I cannot think of any candidate more eligible.
[...looking at the screen menacingly]
There is no answer, but in the old old times, when there was no rain, they always found a witch/warlock whodunit and sacrifice her/him for the "greater good".
Sometimes it 'worked', too.
There is no answer, but in the old old times, when there was no rain, they always found a witch/warlock whodunit and sacrifice her/him for the "greater good".
Sometimes it 'worked', too.
I would not want phil to be sacrificed.. especially since he does not have very many years left.. I mean maybe 2062 at the outside of things.
In fact I will deposit it right now.
3Mw9mvjTjWtpxhmctdLa5Awj5gGUbSChKV
To all I will pay JJG 0.0105 BTC if I live to 2062
someone quote this please
Your such a good sport... .and that would increase my current BTC holdings above 0.6405 BTC, that is presuming that I would be able to keep HODLing and/or building my current stash without losing significant parts of it.
Another thing, I know that I am ribbing on you, but I doubt that my odds of making it to 2062 are that much greater than yours, and even if they might be greater, I cannot even be sure that they are greater.
Maybe we might have to agree that fillippone should be a substitute beneficiary, since he will likely still be bitterly waiting for Proudhon's payout at around that time.
well I am ¾ Italian and fillippo is kind of Italian for Philip so Quote this 1 more time.
If I philipma1957 live into the year 2062 and past Jan 01 of 2062 to be precise:
I will move the 0.0105 BTC into JJG's
BTC address of his choice
If JJG is dead by Jan 01 of 2062
I will move it into the BTC address of fillippone's choice.
BTW I will be 105 years old in Jan of 2062 so good luck on collecting the gift as I do not think I will get there.
It would be a great reason to give away the gift.
May we all live another hundred years and more! I want to look at it, how all the participants in this agreement have enough memory (including the workability of modern software calendars) to remember this in forty years! It will be epic!
It would be pretty cool if it did happen.
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