Space and Time price

Công nghệ cook, chó mèo lại lên ngôi rồi 😁

Seeing SXT's tweet, I suddenly remembered that @Grayscale Grayscale was going to apply for an IPO recently, and I spent a little time thinking about what impact it would have on Grayscale's altcoin Trust if the IPO was successful. At present, Grayscale manages a total of 35+ investment products, including the most well-known BTC spot Bitcoin ETF, with total assets of $33 billion. It is the latest variety they have added to Trust, and the price has also risen in the past two days. If Grayscale's successful listing is launched, it will most likely be good for the altcoin trust it manages, because: ⏩ Listed companies are subject to regular financial audits and compliance oversight by the SEC, which will greatly enhance institutional investors' trust in Grayscale's products. After the IPO of Grayscale, the equivalent of an altcoin product received an "indirect endorsement". ⏩ The altcoin trust market is smaller and illiquid, and the marginal impact will be more pronounced once there is institutional participation. ⏩ Although there are still compliance hurdles in the short term, once the BTC AND ETH ETF are perfected, and the altcoin spot ETF is released, Grayscale is the most qualified manager to launch the first batch of managers. Therefore, in the wave of crypto compliance, Grayscale's IPO is also a matter worth paying attention to, because it may also be one of the engines that will bring new blood to the current withered altcoin market. ~~~~~~~~ I also found some interesting points: At present, in the Grayscale Trust list, the AUM (assets under management) of the newly added $SXT exceeds that of most other trust products, and even exceeds $SUI (18.8M vs 12.4M). Part of the reason should be that Sui has more investment channels than mature, but $SXT is significantly ahead of other copycat trusts such as $STX, $PYTH and even $TAO. So it shows that @SpaceandTimeDB is still very popular in the European and American markets? I checked Grayscale's last Trust product on the shelves was Optimism Trust and Lido DAO Trust in December 24. After half a year, I chose $SXT, and I always feel that there is a story. Prepare for the next step and leave some time to dig in.

Oh god it's beginning

I haven't felt excitement and joy in the major groups; instead, it's filled with doubts about the bull market and fears of a pullback. The reasons are nothing more than having lost everything or being scared after being wiped out, including myself. Even if I am very optimistic about the future market, I don't dare to increase my position. Once I try to add to my position, I can't keep my mindset steady. I've added to my position two or three times, but each time I just take a small bite and run. Just holding these three positions and hoping to double it before cashing out!

SXT has finally started to rebound. From the K-line, it coincidentally began to rise right after Grayscale launched the Space and Time trust fund. I just checked Grayscale's trust fund list, and Space and Time, which has only been established for three weeks, is already ranked ninth in asset size, just behind XRP. The buying volume is indeed quite impressive, with major cryptocurrencies like Sui and Filecoin following it. @SpaceandTimeDB, as Microsoft's only investment in the crypto space, has a strong lineage of elite talent from the American tech industry. As a private equity fund targeting high-net-worth individuals, the backing from Microsoft is likely the reason for the rapid buying speed of Grayscale's Space and Time. In addition to Grayscale's support, let me elaborate on its relationship with Microsoft. The partnership between Space and Time and Microsoft is not just a coincidence; Microsoft has led two rounds of investment in it and has already entered the Microsoft Azure marketplace. Microsoft's own Fabric analytics platform has also integrated Space and Time, serving as an exclusive data provider to offer real-time data on Bitcoin, Ethereum, and Sui to Microsoft Fabric users. The value of Space and Time to Microsoft is that it serves as a bridge between this giant traditional software developer and the blockchain. Developers within the Microsoft ecosystem can use Space and Time, and according to the announcement, this integration did not involve any payment, meaning it is not a typical commercial partnership but rather an internal integration, to some extent making it part of Microsoft. Finally, here’s the link to the video Grayscale made for Space and Time, which specifically discusses why Grayscale is optimistic about and has launched its trust fund. To summarize, the current public chain data structures are quite simple. For example, when you open a blockchain explorer, you can only click through one by one, and it’s not possible to quickly retrieve data like in a traditional database using SQL, which is quite troublesome for developers. Therefore, Space and Time enables blockchain data to be processed using SQL while also incorporating ZK verification to ensure data accuracy without leakage. The original video link is as follows.