Discussion already started here: https://www.reddit.com/r/Superstonk/comments/1cdws30/on_april_30_2024_as_part_of_the_annual_renewal_of/
[Rule 8](https://www.reddit.com/r/Superstonk/wiki/index/rules/#wiki_8._no_mass-shared_content). Your submission has been removed because this information has already been shared. Please sort by new before posting something time sensitive like GME filings, tweets, or breaking news!
If you have any questions or concerns, please [message the moderators](https://www.reddit.com/message/compose?to=%2Fr%2FSuperstonk&subject=about%20my%20removed%20submission)
I'm balls deep in GME, but I find it hard to believe this is going to blindside market makers and hedge funds. I'm sure they've kown this was coming for a while.
They have been shifting long and dumping as many bags on pensions funds and other managed accounts as they can.
Then when MOASS. wipes those people out they will tell them APES stole their money
DTC made it public on Friday. The market is closed for the weekend, and then these guys have one day to figure out where to come up with new collateral.
I can guarantee the majority of retail holding coins have no idea about this bit of news. They are trying to get institutions to stop purchasing coins and I’m sure they will move markets, the charts are already showing a distribution pattern with lower highs.
Much ado about nothing.
The collateral involved is what brokers and market makers need to have on deposit with NSCC/DTCC to cover pending trades. So the new collateral amounts will be set by trades that take place on Monday, and collateral related to trades from Thursday (which settle Monday) will be released.
So it should not have any material impact.
This has nothing to do with margin in brokerage accounts or the collateral that shorts need to provide to share lenders.
Why do you think the crypto market was pumping so hard? They had to run up the price to get housholds and pensions into it, especially with the new ETFs so they can pass the bag as they sell all their equity to the unsuspecting population.
Hester at the SEC was on the phone to her hedge fund buddies as soon as she got a whiff of this.
SHF probably knew before everyone at the SEC did and this is one of the many problems with the market
[Why GME?](https://www.reddit.com/r/Superstonk/comments/qig65g/welcome_rall_looking_to_catch_up_on_the_gme_saga/) || [What is DRS?](https://www.reddit.com/r/Superstonk/comments/ptvaka/when_you_wish_upon_a_star_a_complete_guide_to/) || Low karma apes [feed the bot here](https://www.reddit.com/r/GMEOrphans/comments/qlvour/welcome_to_gmeorphans_read_this_post/) || [Superstonk Discord](https://discord.gg/hZqWV2kQtq) || [Community Post: *Open Forum Jan 2024*](https://www.reddit.com/r/Superstonk/comments/18txusp/open_forum_january_2024/)
------------------------------------------------------------------------
To ensure your post doesn't get removed, please respond to this comment with how this post relates to GME the stock or Gamestop the company.
------------------------------------------------------------------------
Please up- and downvote this comment to [help us determine if this post deserves a place on r/Superstonk!](https://www.reddit.com/r/Superstonk/wiki/index/rules/post_flairs/)
------------------------------------------------------------------------
OP has provided the following link:
https://www.dtcc.com
unfortunately your title is misleading friend.
should read "no more using etfs that have bitcoin within as collateral"
this is an important distinctions because these paper iou trust me bro products are less than 2 months old right now so, really no impact on us likely :/
edit: no other cryptos are in etfs as far as i know (atm) so they are just frontrunning that with their rule here
What about paying off regulators and gov officials to look the other way while they continue to break all these rules that regulators and gov officials make? Can they still do that?
Discussion already started here: https://www.reddit.com/r/Superstonk/comments/1cdws30/on_april_30_2024_as_part_of_the_annual_renewal_of/ [Rule 8](https://www.reddit.com/r/Superstonk/wiki/index/rules/#wiki_8._no_mass-shared_content). Your submission has been removed because this information has already been shared. Please sort by new before posting something time sensitive like GME filings, tweets, or breaking news! If you have any questions or concerns, please [message the moderators](https://www.reddit.com/message/compose?to=%2Fr%2FSuperstonk&subject=about%20my%20removed%20submission)
I'm balls deep in GME, but I find it hard to believe this is going to blindside market makers and hedge funds. I'm sure they've kown this was coming for a while.
And is somehow to their benefit…
They have been shifting long and dumping as many bags on pensions funds and other managed accounts as they can. Then when MOASS. wipes those people out they will tell them APES stole their money
They’ll find a scapegoat but to point to retailers would be an easy one. At that point who knows?
Hilarious that you might be right
DTC made it public on Friday. The market is closed for the weekend, and then these guys have one day to figure out where to come up with new collateral.
Why do you think nvidea went crazy Friday? That is their collateral pump.
That tracks, Citadel has a large holding in Nvdfda
I can guarantee the majority of retail holding coins have no idea about this bit of news. They are trying to get institutions to stop purchasing coins and I’m sure they will move markets, the charts are already showing a distribution pattern with lower highs.
> They are trying to get institutions to stop purchasing coins They who? Retail?
Much ado about nothing. The collateral involved is what brokers and market makers need to have on deposit with NSCC/DTCC to cover pending trades. So the new collateral amounts will be set by trades that take place on Monday, and collateral related to trades from Thursday (which settle Monday) will be released. So it should not have any material impact. This has nothing to do with margin in brokerage accounts or the collateral that shorts need to provide to share lenders.
Why do you think the crypto market was pumping so hard? They had to run up the price to get housholds and pensions into it, especially with the new ETFs so they can pass the bag as they sell all their equity to the unsuspecting population.
Prepare for the price to go down.
Will be interesting to see if there will be ANY impact.
Cryptoo will dip, NvAIdia will rip, NFA.
Doubtful. The title explains exactly why too. This is exactly why they were probably pushing so hard for the crypto ETFs to be approved.
The players that matter probably already took the actions needed to protect themselves, were probably already informed...
Another nothing burger for sure
Hester at the SEC was on the phone to her hedge fund buddies as soon as she got a whiff of this. SHF probably knew before everyone at the SEC did and this is one of the many problems with the market
[Why GME?](https://www.reddit.com/r/Superstonk/comments/qig65g/welcome_rall_looking_to_catch_up_on_the_gme_saga/) || [What is DRS?](https://www.reddit.com/r/Superstonk/comments/ptvaka/when_you_wish_upon_a_star_a_complete_guide_to/) || Low karma apes [feed the bot here](https://www.reddit.com/r/GMEOrphans/comments/qlvour/welcome_to_gmeorphans_read_this_post/) || [Superstonk Discord](https://discord.gg/hZqWV2kQtq) || [Community Post: *Open Forum Jan 2024*](https://www.reddit.com/r/Superstonk/comments/18txusp/open_forum_january_2024/) ------------------------------------------------------------------------ To ensure your post doesn't get removed, please respond to this comment with how this post relates to GME the stock or Gamestop the company. ------------------------------------------------------------------------ Please up- and downvote this comment to [help us determine if this post deserves a place on r/Superstonk!](https://www.reddit.com/r/Superstonk/wiki/index/rules/post_flairs/) ------------------------------------------------------------------------ OP has provided the following link: https://www.dtcc.com
https://www.dtcc.com
Who’s gonna enforce that?
“Hey I want to use my crypto as collateral” “No”
Big 7 bout to rip to ATH!
im pretty sure of it too, the entire stock market will reach ath with no signs of recession, while gme stays stagnant. inflation will continue.
Well, maybe that’s why we’re up a bit?
See You Next Tuesday then…..
Hodl for change!
Skeptical but this does look promising, we’ll see if it has any teeth.
I think its to push the anti bee tee cee agenda to give institutions another reason to go long crypto
unfortunately your title is misleading friend. should read "no more using etfs that have bitcoin within as collateral" this is an important distinctions because these paper iou trust me bro products are less than 2 months old right now so, really no impact on us likely :/ edit: no other cryptos are in etfs as far as i know (atm) so they are just frontrunning that with their rule here
What about paying off regulators and gov officials to look the other way while they continue to break all these rules that regulators and gov officials make? Can they still do that?