Author: NBTC
ProShares, one of the biggest issuers of exchange-traded funds (ETFs), has added another Ethereum-related ETF to its growing offerings following the launch of the “world’s first Short Ether-Linked ETF” on November 2. ProShares Short Ethereum Strategy ETF In its announcement, the asset manager mentioned that the ProShares Short Ether Strategy ETF trading under the ticker ‘SETH’ will provide an avenue for investors to profit from declines in the price of the second largest cryptocurrency, Ether. With the launch of this Ethereum investment vehicle, the company believes that its clients have an opportunity to “profit both on days when Ether increases…
The attorneys of disgraced FTX founder Sam Bankman-Fried argued that the prosecution is unfairly portray the defendant as a “monster” because the trial closes. Based on a Reuters report, Mark Cohen, Bankman-Fried’s lawyer, addressed the jury and mentioned that the prosecution elicited testimony concerning the defendant’s intercourse life and look in an try to color him as a villain and get the jury to dislike him. As acknowledged by Cohen, “Repeatedly, the federal government has sought to show Sam into some type of villain, some type of monster. And let’s face it, a clumsy highschool math nerd doesn’t look significantly…
Data from Glassnode shows Ethereum is still experiencing negative momentum despite the year-to-date rise that the asset has observed. Ethereum MVRV Ratio Has Recently Indicated Negative Momentum According to the latest weekly report from Glassnode, the MVRV ratio has recently been below its 180-day moving average (MA). The “Market Value to Realized Value (MVRV) ratio” refers to an indicator that measures the ratio between the Ethereum market cap and realized cap. The “realized cap” here is a capitalization model for ETH that assumes the true value of any coin in circulation is the price at which it was last moved…
Bitcoin (BTC) witnessed a remarkable surge in its price, nearing the $36,000 mark, sending ripples across the cryptocurrency market. While multiple factors contributed to this price rally, one significant driver appears to be the decision by the US Federal Reserve to halt interest rate hikes, albeit with the potential for future increases. Additionally, the overall sentiment in the crypto market remains bullish, with a collective market cap of approximately $1.36 trillion, bolstered by the expectation of positive regulatory developments. Institutional Focus The recent listing of exchange-traded funds (ETFs) by prominent financial giants such as ARK Invest, BlackRock, and Invesco on…
The College of California, Irvine (UCI) gears up for an progressive transition because the Paul Merage College of Enterprise embraces immersive, three-dimensional lecture rooms. These VR-enabled environments are crafted by an thrilling collaboration with VictoryXR. The end result? A digital double of the college, aptly termed as a “metaversity”, is ready to boost interplay between college students and educators. Options of the Metaversity Within the context of training, the Metaverse emerges as an efficient software. It presents a studying setting enriched by immersive experiences and helps real-world simulations, role-playing, and digital explorations. Plus, it offers a wide array of educating…
Dormant Bitcoin whales, or long-term HODLers holding huge amounts of BTC, have suddenly awakened and started moving their funds. After over six years of inactivity, three dormant Bitcoin addresses containing thousands of BTC unexpectedly became active again, and they transferred a combined total of 6,500 BTC. With BTC now showing signs of the resumption of the October rally, these massive Bitcoin transfers could either increase buying momentum or threaten to capsize the current bull run. Dormant Bitcoin Whales Make Waves With Massive BTC Transfers Movement of dormant Bitcoin addresses has been sporadic this year, with most causing a stir and…
MicroStrategy, courtesy of its former CEO and co-founder Michael Saylor, has continued its aggressive accumulation of the flagship cryptocurrency, Bitcoin, with the company’s latest purchase coming in October, according to Saylor himself. MicroStrategy Acquired An Additional 155 BTC In October In a post shared on his X (formerly Twitter) platform, Saylor mentioned that his company acquired this amount of BTC for $5.3 million and now holds 158,400 BTC. The businessman made this comment while sharing the company’s third-quarter 2023 financial results. The release also affirmed Saylor’s revelation as it gave a detailed analysis of its BTC holdings and the company’s…
Ethereum has been notably underperforming Bitcoin through this latest rally. Here’s why this is so, according to a CryptoQuant analyst. Ethereum Net Taker Volume Has Been Mostly Negative Recently In a new post on X, CryptoQuant Netherlands community manager Maartunn has pointed out what the “net taker volume” for Ethereum is looking like. The net taker volume here is an indicator that keeps track of the difference between the taker buy volume and taker sell volume on the Bitcoin futures market. When the value of this metric is positive, it means that the taker buy volume is dominating the taker…
The month of October just drew to a close and Bitcoin and the rest of the crypto market has ushered in the new month of November. With October proving to be an incredibly bullish month for Bitcoin with a green monthly close, eyes are now on the new month and what possibilities it could hold for the digital asset. October Was A Good Month For Bitcoin Looking back to the month of October, it has been one of the best months so far for 2023. The price of BTC started out at around $28,000 and closed out the month above…
In a recent development, another proposed Spot Bitcoin ETF has been listed on the Depository Trust and Clearing Corporation’s (DTCC) website, becoming the second proposed Spot Bitcoin ETF to appear on the corporation’s website. BTCO Joins IBTC On DTCC Website The Invesco Galaxy Bitcoin ETF under the ticker ‘BTCO’ recently appeared on the DTCC website, joining BlackRock’s spot Bitcoin ETF, which goes under the ticker ‘IBTC’ as uncertainty around a possible approval of these funds continues to heighten. Source: DTCC website Many had speculated an approval was imminent when BlackRock’s IBTC was earlier listed. However, the optimism has sort of…