Author: NBTC
IBIT options surpassed $2 billion in notional exposure. The launch of options on bitcoin ETFs had the approval of just 25,000 contracts as a position limit. According to Bitwise’s head of alpha strategies, Jeff Park, by industry standards, bitcoin ETF options should have seen around 400,000 contracts. Another Bitcoin-linked product, another success story. This time, it’s options tied to BlackRock’s iShares Bitcoin Trust (IBIT), which went live on Nasdaq Tuesday giving them a one-day head start over some competitors, which begin trading later Wednesday. IBIT, which has a market cap of $44 billion, saw over $2 billion in options trading…
Shayan Salehi, a digital member of the World Economic Forum (WEF), recently admitted that XRP is a “good coin” amid the market collapse. The cryptocurrency market is currently experiencing a correction, featuring price pullbacks across major assets. Notably, Bitcoin (BTC), the leading crypto asset has plummeted below $93,000, leading to a drop in the global crypto market cap to $3.19 trillion. WEF Member Praises XRP’s Resilience As the turbulence persists, Shayan Salehi, a digital member of the World Economic Forum (WEF) and an advocate for blockchain technologies, has praised XRP for its resilience. Salehi’s remarks come when XRP stands out…
How did a crypto betting platform become a global controversy, drawing fire from Singapore and the FBI and outraged users? Table of Contents Polymarket’s mounting troubles Betting on tragedy sparks outrage FBI and CFTC’s tag-team scrutiny From peak to trough and the road ahead Polymarket’s mounting troubles Singapore shines as a leading hub for technology and innovation. Yet, when it comes to gambling, the city-state adopts a notably conservative approach. This dichotomy recently came to light on Jan. 12, when Polymarket, a well-known crypto-based prediction market, clashed with Singapore’s stringent gambling laws. Polymarket offers a platform where users can use…
Rumble Kong League, a mobile basketball game with ties to NBA superstars Steph Curry and Paul George, announced plans to migrate its game to Ethereum sidechain Ronin, leaving behind plans to launch on Avalanche. Ronin is a prominent gaming chain that plays host to popular games such as Pixels and Axie Infinity. Rumble Kong League’s developers cited Ronin’s 17.2 million wallet downloads and 18.9 million RON token holders as reasons why the migration is “massive” for RKL. “This isn’t just a partnership, it’s a slam dunk for the future of RKL and our holders,” the project posted on X (formerly…
Samson Mow, prominent Bitcoin supporter and CEO at JAN3, a company focused on Bitcoin adoption, has issued a friendly warning to holders of Ethereum and other altcoins, urging them to dump everything and jump on the Bitcoin bandwagon while there is still a chance. Mow also shared his take on why Bitcoin likely reaching $1 million in the current cycle is not “strange” at all, as some believe. “Sell it and buy Bitcoin”: Samson Mow Mow published a tweet, issuing a “note of caution” to “all the s-coin speculators.” He stated that “what is happening to Ethereum now will happen…
Kaal Dhairya expresses confidence in the long-term Shiba Inu vision and sustainability, revealing plans to hand over its ecosystem tokens to the next generation. The top Shiba Inu developer revealed this while responding to a question from Rand Hindi, CEO of open-source cryptography company Zama. In a recent tweet, Hindi asked his followers to mention any crypto assets they believe would still be relevant in the next 20 years, worthy of passing down to their kids on their 18th birthday. Notably, although Ethereum dominates his portfolio, Hindi revealed that he will give his children Bitcoin on their 18th birthday, confirming…
The first Crypto Ball, to celebrate the inauguration of President-elect Donald J. Trump and Vice President-elect J.D. Vance, will be held on January 17 at the Andrew W. Mellon Auditorium in Washington, DC. The special gala aims to highlight the fusion of American innovation and blockchain technology under the new administration. The event, hosted by BTC Inc. and co-presented by Stand With Crypto, Exodus, Anchorage Digital, and Kraken, will feature leaders in the crypto and blockchain industries. The evening, which will run from 8:00 PM to midnight U.S. time, will feature cocktails, appetizers, and a celebration of the 60th Presidential…
In a collaboration announced on January 14, Fetch.ai (FET), a leader in AI agent innovation headquartered in Cambridge, has teamed up with Zus, a decentralized data storage network designed to meet the specific needs of AI. The partnership between Fetch.ai and Zus Network aims to improve business continuity and security. According to a press release, Zus offers an alternative to traditional cloud services like AWS by providing an “on-prem-like” data storage solution. Using distributed storage, Proxy Key re-encryption, Split Key security, and data distribution technologies, Zus ensures full ownership of enterprise data, protection from third-party data leaks, and business continuity…
Max Keiser, hardcore Bitcoin maximalist and current Bitcoin advisor of El Salvador president Nayib Bukele, has published a bullish comment about Michael Saylor’s company, MicroStrategy, whose stock is growing fast thanks to BTC. The Bitcoin advisor commented on a recently published tweet by BTC researcher Pierre Rochard. “Unknown ceiling” for MicroStrategy In a recent tweet, Rochard talked about Michael Saylor’s company and its recent successful strategy of securitizing Bitcoin. The researcher stated that MicroStrategy transforms risks related to BTC by securitization, by providing investors with “priority in a cashflow waterfall, increasing risk for residual equity that gets paid last.” He…
Big tokens like $DOT, $POL and $OKB are entering the accumulation phase. The crypto market is still uncertain and fluctuating, as accumulation analysis shows projects are now getting investors’ attention. According to recent data, Phoenix Group has identified the accumulation zone leaders. The accumulation phase precedes a possible bullish movement as trading volumes increase because of the institutional players or large buyers. TOP ASSETS IN THE ACCUMULATION ZONE $DOT $POL $BONK $OKB $AAVE $ALGO $FLOKI $THETA $ENA $ONDO pic.twitter.com/hKX7OhJxNB — PHOENIX – Crypto News & Analytics (@pnxgrp) November 26, 2024 Polkadot ($DOT): The Undisputed Leader In light of that, Polkadot…