Author: NBTC
Welcome to Latam Insights Encore, a deep dive into Latin America’s most relevant economic and cryptocurrency news from the past week. This edition examines how El Salvador is now placing its Bitcoin-focused policy front and center in its international engagements, suggesting that there may be no turning back. Latam Insights Encore: Bragging Means There Is No Turning Back in El Salvador’s Bitcoin Entanglement El Salvador, which became one of the first nation-states to embrace bitcoin almost completely as part of its economic policy, seems to have reached a point of no return when it comes to promoting bitcoin as part…
Haedal Protocol, a Sui ecological liquidity staking platform, has officially launched its Pre-TGE event in collaboration with Sui Wallet. The new campaign was announced after Haedal Protocol launched a similar Pre-TGE event in January, with a prize pool of $3,000 in haSUI which was shared by 100 winners. Haedal Protocol and Sui Wallet’s Pre-TGE Event According to the official statement, participants must stake at least 5 SUI on Haedal by connecting their Sui Wallet and hold the haSUI until the end of the campaign. The TGE campaign will run from February 11 to February 21 and is now live. Participants…
Ethereum’s recent price decline suggests a potential rebound, with technical indicators hinting at oversold conditions. Ethereum’s (ETH) price has dropped to levels that usually signal it might be ready for a rebound, blockchain firm Matrixport says. In a Feb. 11 research note, the analysts pointed out that the Relative Strength Index is now showing signs of oversold conditions, which often point to a potential price recovery. Despite the positive technical signals, the mood around Ethereum remains cautious, to say the least. Short interest in Ethereum has surged by 500% since November 2024. On top of that, just in the past…
Retail traders are driving up the leveraged ETF boom, which has pushed asset weights to a new record of $100 billion. The market risks from AI and crypto have not stopped these traders from continuing to pile into leveraged funds to make trading gains in stocks such as Microsoft, Tesla, and semiconductor companies. Retail traders drive surge in leveraged tech and crypto ETFs As of last week, assets in long equity leveraged ETFs stood at about $95 billion. These funds, designed to magnify stock movements by two or three times, have outpaced their bearish counterparts, which collectively hold just $9…
The new year brings renewed hope for XRP as analysts predict a significant rally if Ripple achieves a positive outcome in its ongoing legal battle with the U.S. Securities and Exchange Commission (SEC). The long-running lawsuit, launched by the SEC in December 2020, accused Ripple of violating securities laws through the sale of XRP to institutional investors. Judge Analisa Torres ruled last year that XRP was not a security, but the SEC appealed the decision, leaving the case in limbo. Carlos Guzman, research analyst at GSR, said a positive ruling could act as a major catalyst for XRP’s price. “If…
Cryptocurrency analytics firm Alphractal has revealed an intriguing pattern in its latest report: Increases in Wikipedia page views for “Satoshi Nakamoto” and other dubious candidates often coincide with Bitcoin’s price rallies. The report reveals that during the Bitcoin bull rally, pages of people commonly associated with Satoshi Nakamoto, such as Hal Finney, Nick Szabo, and Dorian Nakamoto, experienced a significant increase in traffic. Alphractal’s analysis shows that Satoshi Nakamoto’s official Wikipedia page saw dramatic increases in views during certain periods of the Bitcoin price frenzy. Interestingly, the most significant increases occurred in October 2017, October 2020, and October 2024, coinciding…
SkyBridge Capital founder Anthony Scaramucci, who supported Kamala Harris against Donald Trump during the election process, said he preferred Solana (SOL) over Ethereum (ETH). Speaking to US media outlet CNBC, Scaramucci stated that Solana would be more successful than Etheruem. He said that his company SkyBridge has some ETH but the majority of his investments are in SOL and that SOL will be more successful in the long run. “This doesn’t mean we own any Ethereum. We hold a small amount of ETH. But we hold more Solana than ETH. We do not have a negative opinion about ETH. My…
Meta’s META has just pulled off the most insane winning streak Wall Street has seen in years. As of press time, the tech giant’s stock has risen for 16 straight trading days, making history as the longest rally ever for a Magnificent 7 stock. META’s share price is now up 17% since January 20, demolishing bears who thought the market was turning against tech during the DeepSeek-inspired massacre that saw trillions of dollars wiped out the stock market in less than a day at one point. Tesla, meanwhile, has tumbled by 28% since Jan. 20, and Apple barely even moved,…
This is a segment from the Lightspeed newsletter. To read full editions, subscribe. Toronto-based Cypherpunk Holdings rebranded as Sol Strategies and announced it would be accumulating Solana three months ago. It’s gotten busy since then. The holding company has acquired two separate validator operations, accumulated over 142,000 SOL worth roughly $27 million at current prices, hired Kraken’s former senior director of engineering to be its head of staking, and applied to be listed on the Nasdaq. Just this week, it signed a credit facility with its board chair to buy $17.3 million worth of SOL tokens and announced a private…
This is a segment from the Forward Guidance newsletter. To read full editions, subscribe. Just days into the new year, bitcoin’s price is back to six figures.The asset’s price rose above $102,400 on Monday morning. It hovered around $101,750 at 2 pm ET — up nearly 9% from a week ago. Crypto is so far seeing its own “January effect” — a term alluding to the potential rise of stock prices during the year’s first month. CoinGlass data shows bitcoin saw price gains — albeit slight ones — during each of the month’s first five days. That hasn’t happened since…