ETF vs Mutual Funds - ETFs trade all day, offering liquidity, while mutual funds trade only once daily after the close [2][3] - ETFs often have lower management fees due to passive index tracking, but actively managed ETFs can have higher fees [5] - Mutual funds may have minimum buy-ins around $1,000, while ETFs require only the price of one share [6] - Mutual funds can offer automatic savings plans, while ETFs provide flexibility with options trading and short selling [6][8] ETF Market Growth and Evolution - The number of mutual funds has plateaued since the beginning of the century, currently at over 6,500, down from a pre-pandemic peak [9] - ETF growth has accelerated, nearing 4,000, with assets under management at approximately $11 trillion, half of mutual funds' $22 trillion [10] - SPY (S&P 500 ETF) was launched in 1993, enabling trading of the entire S&P 500 like a stock [14][15] - QQQ (NASDAQ 100 ETF) launched in 1999, allowing trading of the NASDAQ 100 [18] - The ETF rule streamlined the launch process, leading to an explosion in ETF volume and new launches [23] - Invesco seeks to convert its QQQ fund from a fixed unit investment trust to an open-end ETF, potentially increasing its management fee income by over $600 million annually [26][29] SPY vs QQQ Performance - Since 1993, SPY's total price return is over 1,300%, while QQQ's is over 1,007% since 1999 [27] - SPY experienced a worst sell-off of -56% during the global financial crisis, while QQQ had -83% during the dot-com bust [27][28] - SPY's management fee is 00945%, approximately half that of QQQ [28] - SPY's daily trading volume is 67 million shares, equivalent to $42 billion, compared to QQQ's 40 million shares, or $23 billion [28][29]

Follow the liquidity, not the noise... https://t.co/vPE6tRBCtk ...

RT BSCN (@BSCNews)🔥 Five pre-TGE projects to keep your eye on...Who's missing from this list...? 🤔(1) @Monad $MON- Sector: Scalable EVM L1- TGE Status: Mainnet and token launch expected in late September 2025- Funding: Raised an incredible $225M in 2024 led by @paradigm(2) @Somnia_Network- Sector: L1 for Gaming/Metaverse- TGE Status: Date to be announced- Funding: Supported by a massive $270M eco fund(3) @MitosisOrg- Sector: DeFi/Liquidity- TGE Status: Awaiting announcements, mainnet launch delayed- Funding ...

Crypto Market Crash Causes - Crypto market crashes are often triggered by a combination of bearish macro and crypto catalysts [2] - Leverage in crypto trading amplifies both potential returns and losses, leading to liquidations that drive short-term price action [3][4][5] - Macro catalysts act as fuel, while crypto catalysts act as the spark that ignites market downturns [13] Macro Catalysts - Bearish macro catalysts include higher-than-expected inflation, lower-than-expected unemployment, and the Federal Reserve maintaining high interest rates [19] - Geopolitical risks, especially potential conflicts involving China and Taiwan, pose significant threats to the crypto market due to uncertainty [25][27] - Fiscal policy, particularly government spending and rising deficits, is a primary driver of liquidity growth, overshadowing the impact of monetary policy [22][23][24] Crypto Catalysts - Temporary bearish crypto catalysts often mark cycle bottoms, while permanent bearish catalysts, such as insider token selling, can hinder project performance [34][37] - The shutdown of institutional crypto rails like Signature's Signet and Silvergate Sen networks in early 2023 contributed to the underperformance of altcoins [44][45] - Token unlocks don't always lead to price drops; panic selling by retail investors and lack of demand can be more significant factors [38][39][40][41][43]

A lot of Bitcoin’s downside liquidity has already been taken.Upside liquidity is still untouched.Bitcoin tends to move toward areas with the most liquidity... https://t.co/oEC32bLFyg ...

CPOOL team is crushing it 🤝Stablecoins will hit trillions very soonClearpool (@ClearpoolFin):📣 Clearpool Is Entering the PayFi ArenaStablecoins are becoming the default rails for global finance, powering remittances, merchant payments, and cross-border flows. But behind every “instant” transfer is a liquidity crunch.Fintechs settle in stablecoins, but wait days for https://t.co/7aeEZO1siO ...

Token Launch Performance - A significant majority of 2025's most hyped token launches turned into instant bag holder situations despite blue chip optics [6] - Losers in the studied group shed between 25% and 74% of their total dollar value since their respective token generation event [11] - Only a roughly 1 in 3 rate for tokens outperformed BTC, indicating hyped token launches are far from a guaranteed success [13] Key Factors Influencing Token Success - Early relative strength (outperforming BTC in the first couple of weeks) is a strong indicator of continued success [13][14] - High premiums for public investors compared to private sale rounds often weigh down price, unless the project has strong product-market fit and a compelling narrative [26] - Initially low circulating supply can be bullish if there's a sensible unlock schedule [32] Market Timing and Volume - Launching a token right after a big BTC rally can be detrimental, as the market may be exhausted [35][36] - High day-one trading volume is important, but a sharp drop-off in volume (e g, by half in the first month) can signal fading interest and potential price decline [47][48] Risk Management - Investors should be skeptical of launches backed by big exchanges or prominent investors, and remember the overarching themes [11] - Ignoring Bitcoin's market movements can be risky when evaluating a new token launch [43]

Interestingly enough, all liquidity on the downside has been taken by #Bitcoin.Question is now; when we test $116.8K, is it breaking back in the range or rejecting?That's probably defining the coming few weeks.Break through resistance = new ATH. https://t.co/WmnSKtolGW ...

Risk Assessment - DEXs 上交易的资产可能由于流动性和交易量而面临更高的市场风险 [1] - 用户在使用 State Pricing 时必须进行自己的风险评估，以确定 feeds 是否满足其要求，并相应地调整协议参数 [2]

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