SBET is the largest holding of the hedge fund Cycle Trading owned by the building owner, and it is also the leading stock company for ETH. The goal is to purchase 1 million Ethereum, having just raised 5 billion USD to continue buying ETH. The infinite bullets from Wall Street are terrifying.

There's no need for technical analysis right now. As we've repeatedly said before, don't short, don't short. Wall Street and Trump are leading this market trend, and ordinary investors should just follow their moves. The ETH/BTC exchange rate is quickly returning, and ETH's rise will truly bring about a bull market in the industry, benefiting everyone.

CPI has led to a delay in interest rate cut expectations, and the US stock market shows signs of peaking. The risks of the Russia-Ukraine war are increasing, and the cryptocurrency legislation is temporarily stalled. In the face of multiple unclear macroeconomic prospects, we expect ETH to rise over 50 in the short term. We choose to fear at the FOMO high points. From the perspective of investment and trading volume, we are prepared to take a break for a while and wait for everything to become clearer before making decisions. However, the long-term bullish trend remains unchanged.

The value of this statement continues to rise. Those like Insider Brother/James who shorted have lost everything. In the trend of a bull market, even with black swan events and normal pullbacks, we must stick to our principles and not short.

Ethereum 3000 marks the beginning of the industry's bull market. We started calling it from 1450, wrote the first research report at 1750, and wrote two reports around 2500, repeatedly advising against shorting. The core of our firm confidence is based on three points: First, the trend of a major bull market in the industry, driven by crypto policies and expectations of interest rate cuts, with US stock companies being core factors. Second, Ethereum is severely undervalued; the ETH bull markets in 2017 and 2020 were due to ICOs and DeFi, while this time it's due to stablecoins and RWA, among others. Third, we must be consistent in our words and actions, invest patiently, ignore all FUD and black swans, and view pullbacks as opportunities to increase our positions; all upward movements cannot be a straight line. Finally, we see our research report firmly supporting the ETH ride, let's raise a glass to celebrate together! 🍻

There is one thing in the crypto world that everyone can grasp: trend investing in the secondary market. During the bull market cycle driven by Trump’s crypto policies and expectations of interest rate cuts, all black swan events are just noise trying to distract you from making profits. As long as you manage your expectations regarding time and returns well, you can steadily achieve results. Both primary investments and secondary trading are high-risk and uncertain behaviors; only secondary trend investing is the realization of our understanding and patience.

The first ETH research report was written at 1750, and the second and third articles were written at 2500, neither the bull market nor ETH can be decided by a single institution, and they should follow the trend and investment research data to make their own investment choices.

The shock is coming to an end, the bull market may be able to attack the process, but it will not affect the trend results, the next interest rate cut expectations and ETH ecology, will definitely surprise patient investors, if ETH breaks through 3000, not only the joy of ETH investors, but also will bring a real bull market to the industry, we will only buy dips in the bull market trend.

Trend Research insists on being optimistic about ETH and the ecology, as a secondary investment institution, the logic is that in the bull market trend, I believe that ETH can outperform BTC (the previous paragraph has outperformed), investment cannot be perfect, I have been in the industry for 10 years, the tuition fees I have paid and the pits I have stepped on are very exaggerated, ignoring all the noise and sticking to my own judgment, and I and my team are responsible for the success or failure of investment.

Another reason for ETH bullishness, BlackRock issued BUIDL, a tokenised money market fund, with its custodial Treasury bonds and repurchase agreements as the underlying assets, the current size of the fund is about 2.9 billion US dollars, of which 2.68 billion are deployed on Ethereum, accounting for more than 92%. BlackRock's stock of short-term bonds and similar assets is about 1 trillion yuan, and the market penetration rate of this fund is less than 1,000. However, the current attack cost on Ether is still too low, as a POS chain, the number of pledges on Ethereum in June is 34.65 million, close to 30% of the circulating supply, that is to say, the total circulation is 11,550, and the attacker needs to master 34% of the staking equity, that is, about 10% of the circulating market value of Ether, that is to say, the attack cost is only 31.5 billion, and now the RWA scale of BlackRock's stock on Ethereum has reached 2.68 billion. As the scale of RWA rises, Ethereum must also rise, otherwise it will not be able to open up the market value space of assets issued on the chain. BlackRock's issuance of Ethereum ETFs and its increasing holdings are aimed at driving up the price of Ethereum and encouraging Ethereum staking ETFs to increase their control over the staked treasury to improve the security of its deployment of RWA assets on Ethereum.