Bitcoin In IPO Phase As Early Holders Give Way to New Investors

Bitcoin could be in the middle of an unofficial initial coin offering (ICO) as OG holders rotate out and fresh blood scoops up the tokens, distributing the supply across a broader number of people, macro analyst and Wall Street old hand Jordi Visser says.  In a Saturday episode of entrepreneur Anthony Pompliano’s podcast and a…

Tokenized Bank Deposits Are Inferior to Stablecoins: Professor

Banks and financial institutions have started experimenting with tokenized bank deposits, bank balances recorded on a blockchain, but the technology is doomed to lose out to stablecoins, according to Omid Malekan, an adjunct professor at Columbia Business School. Overcollateralized stablecoin issuers, who must maintain 1:1 cash or short-term cash equivalent reserves to back their tokens,…

Solana ETF To Bring $6B New Capital: Analyst

Investors are closely watching the launch of the first Solana staking exchange-traded fund (ETF), a move expected to inject billions of dollars into Solana and the broader altcoin market. At least three altcoin ETFs are expected to launch later on Tuesday: Bitwise’s Solana (SOL) ETF and Canary’s Litecoin (LTC) and Hedera (HBAR) ETFs, according to…

ECB Head Pushes CBDC, Calls it a Unifying Force in Europe

European Central Bank (ECB) president Christine Lagarde released a statement on Friday touting the digital euro, a central bank digital currency (CBDC), as a unifying force in the European Union (EU) and said the ECB is aiming to launch it “as early as possible.” “As much as banknotes will continue to circulate, we want cash…

What Will Trigger BTC Price Breakout?

Key takeaways: Bitcoin must hold support at $114,000 to confirm the recovery. Spot volume and trading activity must recover to ensure a sustained breakout in BTC price.  Bitcoin’s (BTC) 10% rally from its Oct. 17 lows of $103,500 appears to have stalled at $115,000, amid diminishing demand and low onchain activity. Several analysts revealed what…

Is November the New October? Analyst Says It’s Bitcoin’s Strongest Month — Here’s the Data

Lark Davis called November bitcoin’s strongest month with a 42.5% average gain; the median is far lower and a single outlier year does much of the lifting. Source link

Solana ETFs See 4th Day of Inflows as Bitcoin, Ether Lag

Spot Solana exchange-traded funds (ETFs) continue to attract investor interest, recording their fourth straight day of inflows amid “capital rotation” from Bitcoin and Ether funds. According to data from SoSoValue, spot Solana (SOL) ETFs added $44.48 million on Friday, bringing cumulative inflows to $199.2 million and total assets to over $502 million. The Bitwise Solana…

Bitcoin Enters Biggest Month of Gains After Red October

Bitcoin has stepped into its historically most significant month for gains — November — with an average increase of 42.51% since 2013 — meaning Bitcoin could surpass $160,000 this month if history rhymes.  However, a crypto analyst noted that several macroeconomic factors are also at play.  “I do think seasonal charts matter a lot, but…

MEV Killing Institutional DeFi Adoption, Hurting Retail Users: Crypto Exec

Maximal extractable value (MEV), the process of miners or validators reordering transactions in a block to extract profits, is preventing financial institutions from adopting decentralized finance (DeFi), which hurts retail users, according to Aditya Palepu, CEO of DEX Labs, the lead contributor to decentralized crypto derivatives exchange DerivaDEX. All electronically-traded markets suffer from maximal extractable…

Long-Term Ethereum Holders on the Move As ICO Wallets Reawaken

Long-term Ether holders have become increasingly active in the second half of the year as Ether toyed with its all-time highs, with more “ICO-era” holders “awakening” after years of dormancy.  September saw two of the most significant spikes in long-term holder activity since the year’s peak in July, as measured by Santiment’s analytics platform Sanbase’s…