Author: NBTC

Is bitcoin experiencing a Gamestop-style gamma squeeze? Fielding questions from increasingly anxious speculators as the currency roared toward all-time highs during Tuesday’s trading session, Galaxy Digital researchers posted their estimate as of midday. Citing Amberdata’s compilation of data from Deribit, a large bitcoin options exchange, Galaxy’s Head of Research estimated Deribit options dealers’ gamma exposure at $15 million per 1% increase in BTC price from $71,000 through $85,000. In other words, bitcoin’s price is benefitting from a gamma squeeze. Before contextualizing this effect relative to other factors, however, it is critical to understand this mechanism of action without jargon. Bitcoin…

Fed Chairman Jerome Powell speaks lively at a press conference after the Fed cut interest rates by 25 basis points as expected. We will keep Powell’s statements up to date as Bitcoinsistemi.com. Since the meeting is currently ongoing, you can refresh the page to read the new statements. Here are Powell’s latest statements: Overall economic performance is strong. The Fed will continue to focus on its dual mission objectives. High inflation has eased significantly and the labor market remains strong. The Fed is committed to maintaining strong economic growth. The Fed has taken another step toward reducing policy restrictions. We…

A Top market analyst have shared 11 unique reasons why Ripple Labs and XRP might keep soaring. Among the plans include Ripple’s IPO plans and improving regulations. Ripple Labs Inc., a blockchain-based financial firm, has evolved into a powerful payment solution in the crypto space. At the same time, Ripple’s associated native digital asset, XRP, is now widely adopted for cross-border settlements. Despite its increasing prominence, Ripple and XRP have encountered several challenges over the past few years. A popular crypto community figure, Luke Thomas, recently outlined 11 key events that could strengthen Ripple and XRP’s position in the financial…

In this article, we see how to participate in the upcoming crypto airdrop of the new Sony blockchain, Soneium, layer-2 of Ethereum. The project team recently launched the testnet program “Soneium Minato”, hinting at possible economic rewards for the farmers. The launch on mainnet of the new chain is expected for the first half of 2025. Let’s see everything in detail below. Soneium: the new layer-2 blockchain by Sony Soneium Minato: testnet initiative with possible crypto airdrop rewards How to participate in the crypto airdrop of Soneium (Sony): bridge testnet badge Other interactions to earn the crypto airdrop Soneium: the…

Although Bitcoin (BTC) fell short by $200 of establishing a new ATH against the US dollar, it achieved this milestone against several other fiat currencies. Most importantly, against the euro, where the crypto asset surpassed €68,000 for the first time in history. The leading cryptocurrency reached €68,000 on major exchanges, including Binance, marking its first all-time high against the European currency since March. This breakthrough comes as Bitcoin demonstrates remarkable strength against several major fiat currencies, reflecting growing institutional adoption and market confidence. BTC/EUR (blue line) reached new ATH. BTC/USD (red line). Source: Tradingview.com Against the US dollar, Bitcoin tested…

The Fed’s decision to cut interest rates by 25 basis points, as expected, has sparked a wave of analyst reactions as markets weigh in on potential future changes in monetary policy. Analysts noted nuances in the Fed’s updated statement, particularly regarding inflation and the broader economic outlook. Dan Siluk, an analyst at Janus Henderson Investors, noted that the Fed’s statement had removed language that expressed “greater confidence” that inflation would move sustainably toward the 2% target. The change suggests the Fed is taking a cautious approach and may be prepared to respond flexibly to incoming economic data, Siluk said. The…

Near Protocol (NEAR) has initiated a groundbreaking project in artificial intelligence, unveiled at the Redacted conference in Bangkok. This initiative aims to create the world’s largest open-source AI model, featuring an impressive 1.4 trillion parameters—3.5 times larger than Meta’s Llama model. Contents hide 1 How Does Decentralized AI Protect Privacy? 2 Why Is Decentralization Important for AI? How Does Decentralized AI Protect Privacy? Participants will engage in a competitive environment via the Near AI Research hub, starting with a smaller model comprising 500 million parameters. This ambitious venture requires a substantial investment of $160 million, which will be financed through…

In this article, we retrace the origins of Telegram’s crypto network, up to what we know today as the TON blockchain. We then delve into the technical characteristics of this project, highlighting all the dynamics that have led it to success in the web3 sector. Let’s see everything in detail below. Telegram and the first (failed) approach to the world of crypto in 2017 The open source blockchain of TON is born Characteristics of the crypto network: integration and scalability with the Telegram app The majestic growth of Telegram’s crypto ecosystem in 2024 Telegram and the first (failed) approach to…

With gold and Bitcoin both at or near record highs, the debate over which is better ‘hard money’ is heating up as investors seek hedges against economic uncertainty, inflation, and geopolitical change. Table of Contents Surge in precious metals vs. Bitcoin Bitcoin: ‘digital gold,’ store of value or medium of exchange? Are these rallies an early warning sign? The hard money debate into 2025 In a time of mounting economic pressures, two traditionally opposed assets — gold and Bitcoin — are surging at or near their all-time highs, stirring debate about their roles as “hard money.” As gold pushes past…

This is a segment from the Forward Guidance newsletter. Galaxy Digital reported its third quarter earnings this morning, though founder Mike Novogratz’s remarks on the election stood out to me most. “The last quarter seems a little less relevant right now given that this is kind of a whole new world,” the CEO noted. He was, of course, alluding to Donald Trump’s win and the impact the president-elect’s pledges, if fulfilled, could have on the crypto industry. Not to mention the flood of pro-crypto Congress members elected Tuesday. Galaxy’s stock, which is listed on the Toronto Stock Exchange, rose about…