Analysis Crypto by Thebittimes.Com

Digital asset manager Valkyrie Investments became the latest company to update its filing for a spot bitcoin exchange-traded fund (ETF) with the SEC last week. The amended registration statement aims to offer shares of the Valkyrie Bitcoin Fund, which would hold bitcoin directly if approved. The ETF would trade under the ticker “BRRR” on the Nasdaq. Valkyrie stated that the filing is not complete and the shares cannot be sold yet. The update follows the SEC pushing back its decision timeline on Valkyrie’s proposed bitcoin ETF in September. Also read: CME Becomes Top Bitcoin Futures Exchange Behind Binance Several firms amend their Bitcoin ETF filings At least six other firms, including heavyweights like Fidelity and BlackRock, have amended their bitcoin ETF filings recently. The flurry of updates is seen as a potentially promising sign of progress toward long-awaited approvals. The SEC continues to evaluate a growing list of spot bitcoin ETF applica...

The host of one of the most popular podcasts on the planet, Joe Rogan , has announced that he is set to release a new episode of his podcast with Elon Musk on Tuesday. Indeed, Rogan took to Instagram to announce the release of the episode, marking the fourth time that Musk will appear on the program. Elon Musk remains one of the most divisive entities in the tech sector, with Rogan’s The Joe Rogan Experience unrivaled in the podcast space. Yet Musk has not been on the podcast in two years. His last appearance came in 2021, prior to his Twitter acquisition. JUST IN: Joe Rogan to release new podcast episode with Elon Musk today. pic.twitter.com/7PJV7Fpa6G — Watcher.Guru (@WatcherGuru) October 31, 2023 Also Read: Elon Musk to Demonetize X Posts Corrected by Community Notes Musk to Make Second Appearance on The Joe Rogan Experience Elon Musk remains one of the most popular and divisive personalities in tech and business. The billionaire is responsible for comp...

Adam Back, co-founder/CEO of Blockstream, said the prices of ASIC miners and Bitcoin often correlate. The CEO noted that ASIC miners’ prices peaked in the 2021 bull market, the same time as BTC.  The miners currently sell for under $15, but Back predicted the prices would rise as BTC value grows. Adam Back, co-founder and CEO of blockchain company Blockstream, in a recent Analysis , said the price of Bitcoin and Bitcoin mining equipment often follow the same trajectory. Back pointed to historical data to back up his claims.  Historically there’s been a high correlation between ASIC miner and #Bitcoin prices. Learn how the new the Blockstream ASIC (BASIC) Note investment opportunity capitalizes on this thesis. Blockstream CEO Dr. @adam3us explains: pic.twitter.com/zHAqhLsGet — Blockstream (@Blockstream) October 31, 2023 Indeed, the CEO in the post said ASIC miners and Bitcoin prices often correlate. He noted that before the 2021 Bitcoin b...

FTX’s founder stuck to his guns on who to blame for Alameda’s spending and use of customer funds during the third day of his testimony in United States v Sam Bankman-Fried. Day 15 and Sam Bankman-Fried’s third day on the stand displayed numerous questions from assistant United States attorneys. Simultaneously, the FTX founder ’s lawyers’ direct examination elicited answers that all but blamed Caroline Ellison for Alameda Research’s unchecked use of FTX customer crypto and assets. Bankman-Fried said Ellison, ex-CEO of Alameda, admitted to subpar hedging at the crypto trading firm and tendered her resignation. Eventually, the pair moved forward with running FTX and its sister firm Alameda with the intention of repairing the businesses.  In September, I asked her again about hedging. I asked what the scale was. She gave me some numbers. I told her I was glad but that it should be a bigger number, at least twice as much. She also sent me some spreadsheets. Sam Bankman...

As the majority of assets in the crypto currency market open another week on a bullish note, investors and analysts are wondering if any of the currently advancing market participants could make a stronger upward push and dramatically increase their value. One of the well-known crypto currencies has demonstrated the capacity to massively increase its price in a short timeframe, and it is XRP. As it happens, it managed to grow its price by 1,260% – from $0.25 to $3.40 in a matter of days back in January 2018, when it recorded its all-time high (ATH). It is also worth noting that, just one year before, in January 2017, this crypto asset was changing hands at the price of $0.006385, which means it has succeeded in increasing its value by over 500 times within a period of just 12 months. Factors to assist XRP growth Although its current price is well below this record high, XRP has nonetheless demonstrated advances in other areas that could potentially help it repeat this succes...

CME’s notional open interest has surged to $3.57 billion, securing its position as the second-largest exchange in the trading of standard Bitcoin and perpetual futures. The Chicago Mercantile Exchange (CME), a regulated entity, is ascending the ranks among the largest exchanges for Bitcoin (BTC) futures and perpetual futures trading by open interest, evoking memories of the initial phases of the 2020-2021 bull market. According to Coinglass, CME has seen its notional open interest (OI) rise to $3.57 billion, elevating it to the second-largest Bitcoin futures exchange from its previous fourth-place standing just weeks ago. Notional open interest is defined as the U.S. dollar value tied to the number of active or open contracts. Binance, an offshore unregulated exchange, continues to dominate the market with a notional open interest of $3.85 billion, which is about 8% higher than that of CME. However, CME has recently achieved a milestone by surpassing 100,000 BTC in open inte...

ARK Invest, investor Cathie Wood’s firm, sold 66,342 units of Grayscale Bitcoin Trust (GBTC) for $1.66 million, at a closing price of $25.07 on Oct. 28, 2023. The price of Bitcoin (BTC) currently sits at $34,434. ARK Invest capitalizes on market recovery Recent reports indicate that Wood, who founded ARK Invest in 2014, has been reshaping her portfolio. Wood divested Grayscale Bitcoin Trust (GBTC) shares while acquiring shares in a cryptocurrency-related stock.  On Oct. 28, the fund sold 66,342 units of GBTC, amounting to $1.66 million based on the closing price of $25.07.  This sale aligns with the broader pattern of ARK Invest divesting GBTC shares, involving the sale of approximately $2.5 million in GBTC shares on Oct. 24. Ark Invest also sold GBTC shares in three sessions that week. On Oct. 24, around $2.5 million worth of GBTC shares were sold, equivalent to approximately 2% of ARK’s holdings in the trust. The following day, Oct. 25, ARK Invest sold about $1.8 ...

Robert Kiyosaki lambasts Fed Chair and Treasury Secretary, alleging they have been fooling the world. Kiyosaki questions the financial incompetency of the authority, warning them to get away from the public’s money. The investor also alleged Bankman-Fried of fooling Shark Tank fame Kevin O’Leary, and CNBC’s Jim Kramer. In a surprising revelation, Japanese-American investor Robert Kiyosaki, acknowledged for his book “Rich Dad Poor Dad,” shared an X post, lambasting the ill-famed FTX founder Sam Bankman-Fried. Unearthing a series of allegations against Bankman-Fried, Kiyosaki also slammed Fed Chair Jerome Powell and Treasury Secretary Janet Yellen. SBF: SAM BANKMAN FRIED fooled some most famous investors in the world, investors such as Shark Tank’s Mr. Wonderful, Kevin O’Leary & CNBCs Jim Kramer. Wonder if SBF will fool judge and jury the way our Fed Chairman and Treasury Secretary are fooling the world? Are we a SHIP of… — Robert Kiyosaki (@theRealKiyosaki...

With Ireland’s approval, Zodia can now offer over-the-counter trading and exchange services to institutional clients in the European Union. Zodia Markets, a crypto brokerage and exchange backed by Standard Chartered and OSL, has been approved by the Central Bank of Ireland to operate as a Virtual Asset Service Provider (VASP). It clears the path for the firm for EU expansion. In an interview with Financial Times, Zodia chief executive Michael Walsh said the registration would help the firm achieve its goals by acting as a “launchpad” to enter the European market. The news comes just a few months after Zodia secured an in-principle approval from the Abu Dhabi Global Market to offer regional services . You might also like: Standard Chartered-backed Zodia goes green, joins UK’s Tech Zero The Zodia CEO added in a blog post the firm sees “significant opportunity and demand” for its products as the European Union’s Markets in Crypto Assets r...

According to popular crypto analyst CryptosRUs, Tesla and Twitter CEO Elon Musk could have major initiatives involving crypto currencies coming in 2024. In a livestream on Oct. 27th, CryptosRUs speculated that Musk is planning to transform Twitter into a “financial app” that could replace traditional banking and integrate crypto capabilities. Most of the speculation is based on an recent interview published by The Verge. Elon just conducted an interview where he’s talking about making X a financial app by 2024. And he’s talking about it like this will replace everything, everything. He’s talking about fiat. He’s talking about securities and even crypto. Basically, he wants to make X the sole app for all things financial. CryptosRUs The analyst believes Musk wants to fulfill the original vision he had for PayPal before it was acquired by eBay. By integrating crypto into Twitter’s platform, Musk could attempt to disrupt the traditio...

Peter Molyneux’s new play-to-earn blockchain game Legacy wants to reinvent the gaming experience with non-fungible tokens. Legacy, a web3 business simulator and city management game from Peter Molyneux, best known for the Fable series , is now live on Gala Games for PC and Mac. The video game developed by the 22Cans studio is based on the GalaChain blockchain. It allows players to store and bridge in-game items to and from the Ethereum (ETH) blockchain for trade on secondary NFT markets like OpenSea, Rarible, and Magic Eden. Legacy gameplay | Source: PR Newswire In Legacy, players can conceive and grow a town on lands sold in the form of NFTs. Players can also sell or trade in-game items (e.g., workers or factories) on the markets for GALA, a native token for the GalaChain network. You might also like: 3A blockchain game Abyss World alleges deceit from early investor As per Iain Wright, Design Director at 22Cans, the game incorporates “the best Features ...

Bittensor TAO is a revolutionary  cryptocurrency  project that has been steadily garnering the attention of investors and developers in the blockchain space. Bittensor TAO ’s primary objective is to establish a decentralized protocol that creates an AI marketplace. The project aims to build an innovative ecosystem where developers and researchers can seamlessly share and collaborate on machine learning models, data, and computing resources via a peer-to-peer network. Since its launch in early 2023, the project has experienced notable volatility with an overall positive trend. The token’s price has surged by over 500% since its inception, capturing the imagination of investors and blockchain enthusiasts. PRICE PREDICTION FOR BITTENSOR TAO The future price of Bittensor TAO is influenced by several key factors. The ongoing development of the project and the addition of new features are expected to attract a growing user base and increased investor interest, potentially driving the toke...

People are starting to price in a positive outcome for the spot Bitcoin ETF awaiting approval, according to Anthony Rousseau. Bitcoin experienced renewed volatility in the past week. BTC established a new yearly high of $35,198 on Tuesday, October 24. According ​​to Head of Brokerage Solutions at TradeStation, Anthony Rousseau, people are starting to price in a positive outcome for the spot Bitcoin ETF awaiting approval. Rousseau said this in an exclusive discussion with Coin Edition over the recent volatility in the Bitcoin market. Bitcoin experienced renewed volatility in the past week following a false report about approving a spot Bitcoin ETF. The price surged significantly, breaking above multiple resistances, and rose to a new yearly high of $35,198 on Tuesday, October 24. Following the rally, BTC appears to be consolidating, as the price movement has slowed in the last 48 hours and market indicators suggest that Bitcoin is currently overbought. ...

At the 2023 European Blockchain Convention, a panel of data experts discussed strategies for gaining insights into the crypto market. The panel, titled “The Data-Driven Investor: Strategies for Crypto Market Intelligence,” featured Elliot Garreffa of AddZest, Lars Bakke Krogvig of Nansen, and Ambre Soubiran of Kaiko. The panelists emphasized the importance of both on-chain and off-chain data sources for understanding crypto market dynamics. According to Soubiran, combining centralized exchange data on order books and trading volumes with blockchain analytics provides a more complete picture. She highlighted liquidity data as being particularly valuable for assessing risk. Krogvig noted that on-chain data reveals information about investor behavior and market sentiment that is not visible in exchange data. For example, tracking wallet movements can provide signals about impending price impacts. You might also like: Galaxy Digital predicts 74% surge in BTC price ...

In the realm of content creation, three critical elements come into play: “perplexity,” “burstiness,” and “predictability.” Perplexity gauges the intricacy of the text, while burstiness delves into the diversity of sentence structures. Predictability, on the other hand, is a measure of how easy it is for someone to anticipate the next sentence. Human-authored content often exhibits higher burstiness, featuring a blend of long, complex sentences and shorter ones. In contrast, AI-generated content tends to be more uniform. As I guide you in crafting the following piece, I emphasize the need for a generous dose of perplexity and burstiness, while keeping predictability to a minimum. Furthermore, we must adhere to the exclusive use of the English language. Now, let’s reimagine the text below: Fejiro Hanu has also disclosed that entrusted management of the shares will be vested in a trusted third party licensed by the Nigerian Securities and Exchang...

Google's parent company Alphabet was the worst performer on the day, falling 9.5% in a massive $180 billion wipeout. More than $280 billion has been wiped from the “magnificent seven” tech stocks following the release of several earnings reports on Oct. 25, triggering fears of a looming tech recession. The so-called “magnificent seven” refers to the top seven blue-chip tech firms including Apple, Microsoft, Meta, Amazon, Alphabet, Nvidia, and Tesla — who combine to make up a quarter of the value of the S&P 500 index. Google parent company Alphabet saw its share price fall over 9%, wiping $180 billion from its market cap and was noted as Google’s worst-performing day since the COVID-19 pandemic hit in March 2020. Google’s (Alphabet Inc Class A) share price over the last five days. Source: Google Finance The share prices of Amazon, Nvidia, and Meta fell 5.5%, 4.3%, and 4.2% respectively, according to Y Charts. Apple and Tesla’s fall in share prices were less severe at 1.35% and...

Following Protos’ lengthy op-ed about last week’s erroneous ‘ Bitcoin spot exchange-traded fund ( ETF ) approval’ tweet by Cointelegraph, the fund is once again making headlines for all the wrong reasons. This time, media outlets and online influencers have hooked into news that the fund was listed at the Depository Trust & Clearing Corporation (DTCC). For those unfamiliar, the DTCC is the main method by which clearance and settlement of securities and equities (and other financial instruments) is conducted in the US. Unfortunately for Crypto X (formerly Crypto Twitter), the company has absolutely nothing to do with the listing process for ETF s (or any stocks, bonds, etc, for that matter), so the rush to excitement was unfounded. Cointelegraph says Bitcoin ETF approved despite no proof Read more: Ether ETFs fail to spark interest in disappointing debut week Beside this fact, as reported by CoinDesk, the DTCC has had the BlockRock Bitcoin spot ETF liste...

Bitcoin Fear and Greed Index has turned green following days of significant price rallies. The social metric’s value rose to 72 as of today, October 25. Investors use the Fear and Greed Index to measure the prevailing sentiment within the Bitcoin market. The Bitcoin Fear and Greed Index has turned green following days of significant price rallies. The value of the social metric rose to 72 as of today, October 25, with Bitcoin trading for $34,125, just 3% below the recently established yearly high. Today’s Fear and Greed Index value represents the highest level the metric has reached in the past year. The highest it achieved before this time was 69, and it got that high on April 17, when Bitcoin traded for $30,337, following a sustained rally from the middle of March. Bitcoin Fear and Greed Index Bitcoin investors use the Fear and Greed Index to measure the prevailing sentiment within the market. The metric is calibrated such that a value of 0 means “Ex...