GM Explorer,

ETH ETFs launch today. This is a historic moment for all of us in the crypto community — something we've been eagerly anticipating for a long time.

Here’s what we got for you today:

• 🤔 Bold Prediction: SEC Chair Gary Gensler might resign in early 2025

• 🧱 Around The Block: How Biden ending his re-election campaign could impact Bitcoin.

🤔 SEC Chair Gary Gensler might Resign in early 2025. Here's why:

Markus Thielen, founder of 10X Research, predicts that SEC Chair Gary Gensler might resign in early 2025.

This bold claim comes on the heels of President Biden withdrawing from the 2024 presidential race, potentially leaving Donald Trump as the frontrunner.

What's the basis for this bold prediction, you may ask?

Well, according to 10X Research's latest report, SEC chairs typically resign when a new administration takes over.

Mary Jo White, the SEC Chair appointed by US President Barack Obama, filed her resignation in November 2016 after Donald Trump was elected.

Similarly, Christopher Cox, the SEC Chair who President George W. Bush appointed, also resigned when Obama took office.

So, history might just repeat itself; who knows! 🤷‍♀️

Thielen also points out that this week is jam-packed with events that can easily move the market.

The SEC may settle a major case, and Trump is gearing up for a highly-anticipated speech in Nashville.

But that’s not all — Thielen speculates that Trump may announce Bitcoin as a strategic reserve asset.

And if that happens, it could send BTC's price soaring through the roof, shattering previous all-time highs.

You can find the full details here — it's definitely worth reading!

🧱 Around The Block

• US Government moves millions in seized Bitcoin.

• How Biden ending his re-election campaign could impact Bitcoin.

• Judge dismisses case against Gemini in $36 million crypto theft lawsuit.

• Grayscale moves $1 Billion in Ethereum to Coinbase.

• Australia lacks education on crypto scams, new research suggests.

• Bitcoin topped $68,000. What drove the 17% weekly surge?

That's all we've got for you today.

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Catch you soon.

DISCLAIMER: None of this is financial advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell assets or make financial decisions.