Today's Web3 information gap:
1. U.S. stocks and cryptocurrencies are broadly down. The reason is that Moody's downgraded the U.S. sovereign credit rating from the highest grade Aaa to Aa1. $btc dropped to $103,000, $eth to $2,323, and $sol to $164.
2. What? That man went short? The whale who made $15m profit last week by going long has started shorting $eth, $btc, $avax, $sol, and $usual with 5-20x leverage.
3. Old coins like $time and $labubu are making a comeback, with a maximum of 504x. Conspiracy coins like $groyper, $bun, and $omni saw gains ranging from 31x to 507x.
4. Michael Saylor of Strategy has hinted at buying again. He stated that Bitcoin will reach $1 million within 5 years. Hyperactive investor Cathie Wood sees it going to $1.5 million, while Ansem is more conservative, estimating it will reach $500k by 2030.
5. Public companies are starting a Bitcoin arms race. Metaplanet has purchased another 1,004 Bitcoins (~$104 million), bringing their total holdings to 7,800 Bitcoins (~$812 million). There's a strong FOMO sentiment—feeling like if you don't buy now, you won't be able to buy later.
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