Author: NBTC
Peter Schiff warns that Microstrategy’s $42 billion plan to boost bitcoin holdings, funded by debt and equity, risks a dangerous liquidity trap. He called Michael Saylor “the Egg Man.” Liquidity Trap Looms? Schiff’s Ominous Message for Microstrategy’s Bold Plan Economist and gold advocate Peter Schiff has called out Microstrategy executive chairman Michael Saylor’s latest bitcoin acquisition strategy, likening it to an old investment joke about market overreach. In a post on social media platform X Thursday, Schiff wrote: Michael Saylor is the Egg Man. His latest announcement is that MSTR will spend another $42 billion to buy bitcoin, funded by…
The total value locked in derivatives has recently hit the $4 billion mark. This shows the significant growth in DeFi. Over time, the DeFi sector has seen an increasing trend of immense popularity. Historically, Decentralized Finance (DeFi) has experienced phases of significant growth and consolidation.According to data from @Intotheblock, the Total Value Locked (TVL) in DeFi derivatives has surged from a modest beginning in mid-2020 to exceed $4 billion by November… pic.twitter.com/xVbhpFq9a8 — C_THUMBS || ₿ || (@C__thumbs) November 7, 2024 Expanding significantly since mid-2020, the DeFi derivatives market shows a clear increasing trend. This rise points to more investor…
Ethereum’s dominance in blockchain continues to spark discussions among industry experts. Recently, Adam Cochran, a professor of information science, explained the reasons behind Ethereum’s leadership, highlighting regulatory factors, capital advantage, and adaptability compared to other smart contract platforms. Ethereum’s Rising Importance in the Future of Finance Steven, the research director at The Block, recently asked on X why Ethereum has suddenly become an “extremely useful blockchain with the future of finance being built on it.” His observation underscores Ethereum’s growing role in shaping decentralized finance (DeFi), though the reasons for its success were not immediately clear to him. In response…
Polymarket took a massive hit as Trump’s betting odds sank after a whale investor offloaded $3 million in Trump shares. This dump came right after GCR, a high-profile crypto advisor, tweeted about taking profits on his Trump bets, sparking a frenzy among traders. Within minutes of his tweet, the account ‘larpas’ started unloading Trump shares, dragging down Trump’s odds by 4% before they rebounded slightly to 58.1%. GCR’s comments struck at the heart of the speculation machine that’s been driving Trump’s odds on Polymarket, especially as Election Day looms closer. The tweet triggered a wave of reactions on Crypto Twitter…
Disclaimer: This is not investment advice. The information provided is for general purposes only. No information, materials, services and other content provided on this page constitute a solicitation, recommendation, endorsement, or any financial, investment, or other advice. Seek independent professional consultation in the form of legal, financial, and fiscal advice before making any investment decision. Bitcoin is down -4.10% today against the US Dollar Bitcoin is currently trading 14.42% below our prediction on Nov 06, 2024 Bitcoin gained 12.60% in the last month and is up 94.61% since 1 year ago BTC price is expected to rise by 15.20% in…
Justin Sun, the creator of the Tron blockchain, and now the owner of two exchanges – Huobi and Poloniex – has shared a bullish outlook for the near future of the cryptocurrency market, specially stressing the second largest cryptocurrency Ethereum. His tweet came after a bullish statement made by Cameron Winklevoss about the future of the crypto industry and “haemorrhaging $ billions on legal fees fighting SEC.” “Excellent time to continue accumulating”: Justin Sun Crypto billionaire Justin Sun commented on the massive political shift that took place in the US government this week, sharing his positive outlook on the crypto…
Japan’s publicly-listed early-stage investment firm Metaplanet Inc. announced its inclusion in the CoinShares Blockchain Global Equity Index (BLOCK Index), a globally recognized benchmark tracking the top public companies in blockchain and crypto. The inclusion in the CoinShares BLOCK Index marks Metaplanet’s debut in a high-profile blockchain equity index, the company’s CEO, Simon Gerovich, announced Monday. Aligning with its stated mission “to lead in the digital finance era,” Metaplanet is attempting to strengthen its international profile as well as its standing in the Asian crypto industry as it aims to attract more investors looking to tap into the region’s expanding market.…
Sundog, a meme coin on Tron, has seen its price spike sharply after a whale scooped up $2 million worth of the token. According to Lookonchain, on Sept. 12, a whale sold the native Tron (TRX) token and used the funds to buy the surging meme coin. Per the analytics platform, the whale withdrew 13.07 million TRX worth $2 million from Binance and, in one swoop, acquired 3.52 million Sundog (SUNDOG). A whale withdrew 13.07M $TRX($2M) from #Binance and bought 3.52M $SUNDOG in one transaction just now!https://t.co/XP5whshQPU pic.twitter.com/WggzVWxDz9 — Lookonchain (@lookonchain) September 12, 2024 SUNDOG price spikes sharply The price…
U.S.-listed Bitcoin exchange-traded funds have rapidly accumulated tens of billions in assets, reaching half that held by gold ETFs in record time. Since launching in January 2024, Bitcoin ETFs have attracted substantial inflows, totaling $23.89 billion and $70 billion in total net assets, per data from SoSoValue. By comparison, total net assets for U.S.-listed gold ETFs stand at $137.3 billion, according to the latest figures from the World Gold Council. That means that in just 10 months, spot Bitcoin ETFs have amassed over 50% of the assets held by gold ETFs, which have been around for two decades, Nate Geraci,…
VanEck’s Head of Research believes Ethereum is oversold and predicts renewed speculative interest will drive its market recovery. Ethereum (ETH), the second-largest cryptocurrency by market capitalization, has seen a 7.9% price increase over the past 24 hours. As of this writing, ETH is trading at $2,823 after a minor retracement from earlier gains. This recent uptick follows a year of underperformance relative to Bitcoin (BTC), with the ETH/BTC pair consistently reaching multi-year lows. However, recent market movements and analysis suggest a possible shift in Ethereum’s market dynamics. Weighing In on Ethereum’s Position Industry analysts have offered varying views on Ethereum’s…