Author: NBTC
HyperLiquid, a blockchain and derivatives exchange that incentivized early adoption with a large airdrop, is in the news this week for a degenerate example of crypto trading. Rektober, a crypto influencer with 83,000 followers, took just two weeks to lose more than $1 million belonging to people who thought it would be a good idea to tag along in a copy-trading fund. HyperLiquid platformed the losing strategy with its flagship offering, Vaults. On HyperLiquid, influencers can create “vaults” that are basically miniature hedge funds. Although HyperLiquid is careful to prohibit US users and avoid language describing these vaults as though…
This week I had the pleasure of interviewing Jeff Park, head of alpha strategies at Bitwise Asset Management, to unpack the BTC ETF options launch this week. Here are the main takeaways from our interview that I learned: Volatility Smile Typically with risk assets, puts demand a higher premium than calls. This is because most people use options to hedge their longs, creating skewed demand for puts over calls. This typically creates a half smile in the volatility structure as seen below: Something very unique about crypto, however, is that it has a persistent smile to its volatility surface —…
The decentralized finance (DeFi) ecosystem continues to grow at an exponential pace, and one of the most promising advancements is the integration of artificial intelligence (AI) with DeFi—known as DeFAI. This fusion of blockchain technology and AI promises to revolutionize on-chain interactions by offering automated, deterministic, and secure solutions for complex blockchain operations. Today, HeyAnon announces the launch of its latest tool, AUTOMATE, a TypeScript framework that aims to simplify the integration of any DeFi protocol into the HeyAnon ecosystem. https://t.co/R4Z4InR2DB — Daniele (@danielesesta) January 12, 2025 At the core of the HeyAnon vision is a universal “smart layer” that…
An unidentified large XRP transfer was seen in recent hours when, according to a report from Whale Alert, 35 million XRP was transferred between two unknown wallets, which is equivalent to $58.29 million so far. Such transfers are taken quite personally by crypto market participants, especially when unknown addresses are involved. It is believed that such transfers may be harbingers of price manipulation, which, given the current performance of XRP, may have a significant impact on investor sentiment. 🚨 🚨 🚨 35,000,000 #XRP (58,286,649 USD) transferred from unknown wallet to unknown wallethttps://t.co/bkWk2uPIej — Whale Alert (@whale_alert) November 29, 2024 Thus,…
The Supreme Court of Chile has ordered World to erase all records of the biometric data of a 17-year-old teenager. According to the court, several constitutional rights were violated by World’s iris-scanning activities. The data must be deleted within 30 days of this decision. World Gets Slapped by Adverse Legal Decision in Chile: Teenager Biometric Data Involved World, the biometric ID and cryptocurrency wallet project, has been slapped with a negative legal decision in Chile. The Supreme Court of Chile has ordered World to delete biometric data allegedly obtained without permission from a 17-year-old teenager. The legal action was introduced…
Bybit, a globally recognized and 2nd biggest crypto exchange by trading volume, has announced its partnership with Entravel, an exclusive hotel booking service for crypto enthusiasts. The collaboration seeks to improve guests’ traveling experience by offering Bybit platform users discounted luxury hotel bookings. From this partnership, Bybit users can get free membership to Entravel, enabling them to access exclusive rates on over one million hotels globally. These discounts, between 60% and 70% compared to conventional travel booking services, introduce luxury travel. The Bybit Card payment method offers the ease of making payments, allowing the holders of digital assets a smooth…
Bitcoin (BTC) is close to reaching $100,000, with prices hovering just over $99,000 after a recent spike. U.S. spot BTC ETFs have seen over $1 billion in net inflows, with BlackRock’s IBIT leading at $600 million. While there’s strong demand and bullish long-term bets with futures and options pricing above $100,000 into 2025, a short-term pullback near $100,000 is anticipated. Bitcoin (BTC) prices are a little over 1% away from reaching a landmark $100,000, close to 15 years after the asset was first issued. BTC prices spiked above $99,200 early Friday, dipping to $98,600 before holding over $99,000 in Asian…
The final quarter of 2024 marked a surge in cryptocurrency mergers and acquisitions (M&A) activity, signalling that the post-election sentiment shift could spark even more deals in the new year. M&A has already been on the rise, and the recent acquisition of Bridge by Stripe marked a significant milestone that highlights a trend of the increasingly blurred lines between traditional finance and digital assets. According to The Block Pro data, activity in 2024 was still behind 2022’s all-time high of 271 deals, signaling steady yet restrained growth but there are signs that the record may be broken in 2025. With…
Though it started out relatively strong and hit a market capitalization of $120 million already in June, Andrew Tate’s meme coin Daddy Tate (DADDY) has fallen on hard times, much like the influencer behind it. Specifically, the cryptocurrency has collapsed 70.51% in value since launch, and, at its press time price of $0.06988, it is more than 73% below its all-time highs (ATH), per data retrieved from CoinMarketCap on November 29. A watershed moment for the meme coin came early in November when the popular digital detective and YouTuber Stephen Findeisen, better known as Coffeezilla, published a video investigation of…
Rep. Earl “Buddy” Carter has proposed eliminating the Internal Revenue Service (IRS) and replacing the current US tax code with a national consumption tax through a bill known as H.R. 25, the Fair Tax Act. The legislation, unveiled on Jan. 9, would eliminate all personal and corporate income taxes, death tax, gift taxes, and payroll tax, while implementing a single national consumption tax system. One of the most noteworthy aspects of the Fair Tax is its proposal to eliminate the IRS, thereby simplifying tax administration and compliance for individuals and businesses. “The Fair Tax is exactly that – fair. It…