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    Bitcoin Corrections and Federal Reserve Hawkishnes

    Bitcoin has repeated corrections, the Federal Reserve is hawkish, WLD is gradually reducing its positions, Ethena and Mode airdrops are worthy of attention, and Ethereum may reach $10,000 by the end of the year.The Fed minutes were hawkish, and Bitcoin was dragged down. Similar to previous market corrections, the fundamentals have not changed and Bitcoin remains bullish.Federal Reserve meeting minutes: Policy interest rates may have reached the peak of this cycle, and most officials noted the risk of cutting interest rates too quickly.https://gostake.io/resource/breakingnews/e32338d62c29944a8995c880ad7399f0Arthur Hayes: The importance of narrative in the crypto market often exceeds the technology itself, and altcoins are being watchedhttps://gostake.io/resource/news/ca6e208cfbe1834b864611be4e4b5fadWhether it is a bull market or a bear market, currency prices are driven by narratives. After the narrative comes out, we should exit with profits. So WLD should appear. The Sora narrative has come out, and the question is how long it will burn. After the heat burning is over, the old iron who is currently entering the game will be trapped on the top of the mountain.WLD's fully diluted market value exceeds OpenAI'shttps://gostake.io/resource/news/84cb1b6fe6fdab0e963cf4734fde02dfMetis is a cliche, but when the decentralized sorter was launched, the coin went up.Metis: MetisEDF will allocate 4.6 million METIS to support the ecosystemhttps://gostake.io/resource/news/ad9d0fbee719dcb95772a05c9014d494Ethena and MODE are both good, and they are the two most noteworthy projects among the new project airdrops.[Ethena has raised the cap of the USDe pool to US$100 million] On February 22, according to official news, USDe developer Ethena Labs announced that it had raised the cap of the USDe pool to US$100 million. The current TVL of the pool is US$66.25 million.Mode goes online on Layer 3 network Mode Flarehttps://gostake.io/resource/news/44d9ebec1c37dfb2f66d7b1b974b288aIn this bull market we could see Ethereum reach $10,000.[Coinbase elaborates on three major reasons for recommending that the SEC approves the Grayscale Spot Ethereum ETF] Insight Finance reported that Coinbase today responded to the SEC’s request for comment on the conversion of Grayscale Ethereum Trust (ETHE) to a spot ETF. Page's comment letter provides legal, technical and economic reasons why the SEC should approve:1)ETH is not a security. In fact, before and after the merger, the SEC, CFTC and the market no longer regarded ETH as a security, but as a commodity.2) ETH’s proof of equity has obviously strong governance capabilities and shows strong characteristics in terms of ownership concentration, consensus, liquidity and governance, thus reducing the risk of fraud and manipulation.3) The economics show that ETH is as resilient as BTC in meeting the committee’s ETP approval criteria.Coinbase said it is committed to urging the SEC to make informed regulatory decisions in the rapidly evolving cryptocurrency environment, support innovation and cultivate a transparent, secure and inclusive financial ecosystem through continued dialogue and research.https://gostake.io/resource/news/9b8aa0b08cdb489eb9f50ea46a2d263e

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