Author: NBTC

Market Pulse Currently, Ethereum’s trading data shows no reported volume, suggesting a nascent market reaction to the NYSE’s announcement. However, the potential for increased trading activity looms large as investors consider the implications of Ethereum options on their trading strategies. This could reshape how crypto assets are perceived within traditional finance, reinforcing the need for investors to adapt to new opportunities. Ethereum is a leading blockchain platform known for enabling smart contracts and decentralized applications. The NYSE, as a prominent exchange, has jurisdiction over securities and options trading in the US, making this launch of Ethereum options significant for the…

BlackRock has unveiled $BUIDL, a tokenized U.S. Treasury fund, marking a significant move in asset management. The fund is tokenized by Securitize and connects across multiple blockchain platforms, including Ethereum and Solana. This initiative showcases how the world’s largest asset manager is adapting to a multichain environment. For more details, see Wormhole’s tweet here. Inside the Move The launch of $BUIDL comes at a time when the broader cryptocurrency market is displaying mixed signals. While major assets fluctuate, BlackRock’s decision to tokenize a U.S. Treasury fund may signal strong institutional interest in blockchain technology. The involvement of Securitize for tokenization…

He is based in Vancouver, Canada, where LayerZero has its headquarters. He told The Logic he moved there so his children could attend school there and to be near family. How Did Poker Shape His Career? Poker came first and lasted almost a decade. From Teen Player To World Series Results Pellegrino started playing online poker at 15, on an account his father opened for him, according to Sequoia Capital. At his peak, he played about 70 hours a week. Highlights of his poker career include: More than $500,000 in World Series of Poker prize money A second-place finish in…

Market Pulse Currently, the broader cryptocurrency market is experiencing mixed signals, yet the CFTC’s decisive actions can create a more stable environment for investors. The ruling against the Ponzi scheme operators may encourage regulatory compliance among firms operating in the crypto space, thereby improving overall market sentiment. The CFTC, or Commodity Futures Trading Commission, is the primary regulator overseeing commodity futures and options markets in the United States. It is particularly vigilant about fraudulent schemes, especially in rapidly growing sectors like cryptocurrencies, where investor protection is paramount. This recent action demonstrates the agency’s commitment to enforcing laws against financial misconduct.…

Frax Finance has launched frxUSD trading pairs on Robinhood, a significant step for decentralized finance. This initiative aims to deepen protocol-owned liquidity and generate sustainable revenue for the ecosystem. The announcement, highlighted by influencer @fraxfinance, signals a growing focus on productive DeFi strategies. With frxUSD available against USDG and SPY, traders are eager to explore new opportunities. Breaking It Down The introduction of frxUSD trading pairs on Robinhood marks a notable development in the DeFi space. As the broader crypto market exhibits mixed signals, this move provides a fresh avenue for liquidity. The frxUSD model leverages a positive-sum rewards-sharing approach,…

Market Pulse Currently, Solana is facing a unique market backdrop, with its price remaining at $0 and reported trading volume also at $0 within the last 24 hours. This lack of trading activity may indicate a need for renewed interest and innovation, which the new SDK aims to address. Amidst a mixed sentiment in the broader cryptocurrency market, the launch of this SDK could serve as a catalyst for increased developer involvement and future price movements. Solana is a high-performance blockchain platform known for its speed and low transaction costs, making it attractive for developers of decentralized applications. The introduction…

Accumulation began around the 19th of September and continued through Bitcoin’s latest price fluctuations. Santiment highlighted the historical alignment between changes in this cohort’s holdings and broader Bitcoin price trends. These holders kept increasing their exposure, although Bitcoin struggled to establish a convincing recovery around $82,000. Their growing balances raised a question: What was keeping traders cautious while large holders bought? Why were Bitcoin options traders paying for protection? Bitcoin’s options market reflected unusually subdued volatility expectations. CryptoQuant’s community analysis showed that Deribit’s DVOL Index closed the 19th of October at 37.33, below 92% of daily readings since March 2021.…

As of Oct. 18, the public proposal still describes a Snapshot vote followed, if approved, by an implementation proposal as its next steps. Important addresses and contracts remain unspecified. The proposed entry route involves two transactions. An approved counterparty would supply $USAT to Aave V4’s Tokenization Spoke and receive waUSAT. It would then exchange those receipt tokens for $GHO through the GSM, which would hold the waUSAT while the $USAT remained supplied to Aave. The return swap would therefore recover a receipt token. It would not directly deliver $USAT or dollars. The permission check would apply to the swap originator…

At 16:00 UTC on Oct. 19, that short used cross margin with leverage set to 25x. Hyperliquid estimated its liquidation price at about $2,434.67, while the venue’s $ETH mid-price immediately after the account check was about $2,393.05. The trigger depends on mark price, which incorporates external exchange prices and Hyperliquid’s order book. Funding payments and cross-margin account conditions can change the displayed liquidation estimate. Hyperliquid’s public fill data records 8,162.845 $ETH of forced short closures across 632 execution fills. Those executions belonged to four partial liquidation groups between 23:27 UTC on Oct. 18 and 07:34 UTC on Oct. 19. The…

South Korean data centre company Elice’s (0158S0) stock market debut added to nervousness surrounding artificial intelligence investments on Tuesday, as investors further questioned whether spending on infrastructure will deliver sufficient returns. The Seoul-based neocloud provider closed at 60,500 won ($45.57), down over 30% from its 90,500 won offer price. The IPO raised $151 million at a valuation of roughly $755 million, according to Bloomberg. The slump followed a retail offering oversubscribed more than 400 times. The weak debut accompanied another sell-off in South Korean equities. The KOSPI dropped almost 4% to finish at 5,552, with Samsung Electronics falling around 3%…