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Proud to announce that we’ve raised $1.5M led by @HashKey_Capital & @AppWorks.
The incredible support we’ve received from top blockchain investment and VC firms include @GravityX_Cap, @Momentum_6, @LD_Capital, @JoinCompute & @JoinGraviton
Thank you for believing in us and supporting our vision of building payments and reward infrastructure.
Read more here: writings.fetcch.xyz/funding
The latest issue of "The Fetcch Newsletter" is live!
This week we cover:
• Interoperability Space Updates
• A deep dive on "Why does BTC crash right after halving?"
• What we "Fetcch-ed" this week?
and much more...
5 mins read.
Here's the link: fetcch.beehiiv.com/p/why-bit…
Ethereum ETF cancelled?
Many industry leaders are bearish on the approval of spot Ethereum ETF.
But what went wrong?
Let's find out 🧵
The approval of Ethereum ETFs has been a hot topic
But the approval prospects have dimmed
Primarily due to increased scrutiny and regulatory actions by the SEC.
Here are possible reasons:
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1. SEC's Crypto Crackdown:
Unlike Bitcoin, the official regulatory position regarding whether Ethereum is a security is not as clear.
That’s made things harder for ETH investors.
Here's what VanEck CEO @JanvanEck3 said at the Paris Blockchain Week:
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2. Regulatory Scrutiny
The SEC is scrutinizing products and services more closely
making it harder for Ethereum ETFs to meet regulatory requirements.
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3. Investor Protection
In PoS, blocks are confirmed not by miners but by stakers
People holding large amounts of the native token.
This means -- large shareholders decide how a business works and get rewarded for their investments.
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Question for you:
Will Ethereum ETFs get approved?
Let us know in the comments.
Another factor is the "mining capitulation".
During the profitable season, miners accumulate Bitcoin and increase the network's hash rate. (Opposite during halving)
According to data from @Bitinfocharts, the Bitcoin hashrate dropped during the last two halvings.
This thread was inspired this blog post: decrypt.co/225138/why-does-b…
If you found this thread helpful, do like and repost.
Follow @FetcchX for more.
Thank you!
Some events have affected Bitcoin's price at a fundamental level
• Launch of Bitcoin futures contracts
• China's crackdown on the crypto
• Tesla's tweets about ditching Bitcoin
But these are one-off events,
Bitcoin halving is a regularly scheduled occurrence.
One potential reason behind the post-halving crashes is
Profit-taking by investors who have held their positions for an extended period.
Often motivated by the "January Effect" (Refer image below)
Question for those bullish on Bitcoin Halving -- Why does BTC crash right after the event?
$12.25 --> $8 (2012)
$650 --> $465 (2016)
$8,700 --> $8,500 (2020)
Here's why 🧵
Thank you for reading!
If you found this thread valuable, please like and repost.
Follow @FetcchX for more.
Meme coins are proving they are more than just memes.
With the recent surge in traction, meme coins helped Solana achieve its all-time high and surpass Ethereum's trading volume.
We still see a lot of myths around meme coins and decided to dig deep into the rabbit hole.
🧵
4. meme coins are a fad and will eventually disappear.
They have proven to be resilient and have maintained a dedicated community of supporters.
They have been around since 2013 and have survived multiple market cycles, with a strong online presence and active development.
3. meme coins have no real-world utility.
meme coins are being used as a form of payment.
Dallas Mavericks and the Kronos company accepted Dogecoin as payment.
meme coins although start as a meme but they attract the right community of investors.
2. meme coins are a get-rich-quick scheme.
Early investors have made crazy profits.
But these are highly volatile so risky at the same time.
Rather than looking it as a get-rich-quick scheme, start looking at it as an investment.
1. meme coins are just a joke and have no real value.
While coins like Doge and Shiba started as internet jokes, they have grabbed significant market cap and trading volume.
The chart shows the top memecoins and their market cap.
There is real demand and value to these coins.













