Author: NBTC
Bitcoin’s (BTC) much-anticipated breakout above $100,000 remains out of reach, with prices retreating to $94,500 overnight. Key indicators point to further declines, potentially to levels below $90,000. The first indicator is the 25-delta risk reversal, which measures the volatility premium of out-of-the-money calls used to bet on price rallies relative to OTM put options offering downside protection. On Deribit, calls expiring this Friday now trade at a cheaper valuation to puts, resulting in a negative risk reversal, according to data source Amberdata. The first negative reading in at least a month indicates a bias for protective puts. Perhaps sophisticated traders…
Bitcoin versus Ethereum Ethereum (ETH) is increasingly being recognized as more decentralized than Bitcoin (BTC), according to Ethereum advocate Anthony Sassano. He argues this trend stems from Ethereum’s ability to implement systemic anti-centralization measures and foster a robust developer and community ecosystem. Sassano highlights Ethereum’s strong resistance to censorship as evidence of its commitment to decentralization. The network’s design includes mechanisms to deter centralization, such as staking and the proof-of-stake (PoS) consensus mechanism. Additionally, Ethereum boasts over 170 active developers contributing to its ecosystem, significantly outpacing Bitcoin in this area. With “tail issuance” ensuring sustainable incentives for validators, ETH’s monetary…
Jason Calacanis, one of the best-known angel investors, recently questioned Saylor’s strategy. Calacanis, who is known for placing early bets on such companies as Uber and Robinhood, said that the company was “tipping into memestock madness.” “Why would anyone pay $1 for 80 or 90 cents worth of Bitcoin?” he asked. In response, Saylor argued that Bitcoin “represents the digital transformation of capital.” By issuing fixed income and equity backed by the largest cryptocurrency, MicroStrategy is accelerating this transformation. However, Calacanis does not seem to be swayed by the explanation, noting that the company’s strategy appears to be too complicated…
In October 2024, the volume of ethereum locked into liquid staking platforms surpassed the 14 million ether threshold. However, as of 2025, the total ETH held in these protocols has fallen below the levels recorded at the end of November. As of Sunday, Jan. 5, 2025, approximately 13.78 million ether remains tied up in liquid staking platforms. Decreasing Confidence? Liquid Staking Platforms Hold Less ETH in 2025 At the close of November 2024, Bitcoin.com News detailed that liquid staking protocols collectively secured 13.85 million ETH. Since that report, holdings in these platforms have declined by 70,000 ether. Liquid staking derivatives…
JAN3, a Bitcoin tech company founded by Samson Mow, has raised $5 million to make Bitcoin and Layer 2 technologies easier to use. Supported by major investors like Fulgur Ventures and Tether, the company plans to solve Bitcoin’s scalability issues and help expand its use, especially in areas with limited access to financial services. JAN3 is a Bitcoin tech company founded by Samson Mow. It has raised $5 million in funding to make Bitcoin and Layer 2 solutions easier to use. The main investors in this round were Fulgur Ventures, Grupo Salinas, Tether, Lightning Ventures, and East Ventures. The investment…
Samson Mow, renowned Bitcoin maximalist and JAN3 chief executive officer, has addressed his army of followers to remind them that after the Bitcoin crash in the last 24 hours, there is now a “Black Friday sale” for BTC. “Bitcoin Black Friday sale” The world’s largest cryptocurrency has plunged by 5.83%, losing the recently gained $98,650 level, and landing in the $92,890 zone. Consecutive red candles on the hourly chart were mixed with occasional green candles as Bitcoin made several attempts to recover. As of this writing, Bitcoin is changing hands at $92,666. Since Friday last week, when Bitcoin reached a…
ETH price movement in the 2-week chart showed an inverse head and shoulders pattern, suggesting a potential bullish reversal. Starting from the low of around $1,985, Ethereum’s price formed the “head” of the pattern in October, rallying to the neckline near $4,000 before pulling back to form the “right shoulder” at a higher low, indicating increasing market confidence. ETH Price Action Intensifies The price oscillated around $3,960, approaching the critical neckline. This pattern was significant because a breakout above the neckline at $4K could confirm the pattern, potentially propelling Ethereum towards $7,250. This scenario remains conditional on continued buying pressure…
Defaults on credit card loans are skyrocketing in the US. Lenders are now witnessing a 14-year high in credit card defaults, reports the Financial Times. The bad credit forced lenders to collectively write off a whopping $46 billion in loans that are considered seriously delinquent in the first nine months of 2024. Based on data compiled from the Federal Deposit Insurance Corporation (FDIC) and the US banking industry information platform BankRegData, the figure represents a 50% year-over-year increase. According to BankRegData, Capital One customers are facing the highest credit card delinquencies, with a total delinquent amount of $7.68 billion, representing…
Cosine, the founder of SlowMist, took over his social media platform and expressed his disagreements with Forbes article that classified Monero (XMR) as a “zombie coin”. Back in March 2024, Forbes published an article which highlighted “zombie coins”. These coins refer to cryptocurrencies that have substantial valuation but limited utility beyond speculative trading. These coins are considered “undead” because they continue to trade despite offering little to no real-world benefits. Monero (XMR) was one of these 20 zombie coins. According to Cosine, Forbes must have misunderstood the fact that XMR is a privacy focused cryptocurrency that allows for anonymous and…
According to a recent Clear Street report, Bitcoin miners are pursuing yield strategies for their BTC holdings and diversifying into AI compute. The report, titled ‘BTC Mining: 2025’s Key Themes Emerge,‘ outlines three themes for 2025: generating revenue on bitcoin reserves, leveraging existing infrastructure for HPC initiatives, and benefiting from a shift in US regulatory leadership. Bitcoin yield and spot ETF upgrades Clear Street’s authors indicate that several miner management teams are investigating ways to create income from stored BTC, with securities lending described as a potentially viable approach pending regulatory adjustments. The report states that a new SEC stance…