Bybit sees BTC, ETH ‘flight’ of institutional investors to stablecoins, but not for long

The cryptocurrency exchange Bybit released its fourth quarter report on Dec. 4, highlighting and comparing trends between its institutional and retail investors.  The report found that institutional traders had some 45% of their assets in stablecoins, with the remaining split 35% in Bitcoin (BTC), 15% in Ether (ETH) and only 5% in altcoins, which the exchange categorizes as anything other than the aforementioned digital assets.  The survey suggests that the “flight” to “safer assets,” like stablecoins, in a bear market “might explain this risk-averse asset allocation from traders.”  Nonetheless, institutional traders allocation of Bitcoin did spike in September, which differentiated itself from the holding patterns of other types of users.  According to Bybit, the alignment of a surge in institutional BTC holdings with the prevailing positive market attitude toward Bitcoin can be correlated with “favorable lawsuit outcomes, fostering anticipation for the SECs potential approval of a spot BTC ETF.”  On Dec. 4, BTC surged above $41,000 for the first time in 19 months, and the overall market capitalization for the digital asset passed $800 billion, overtaking the real multinational holding company Berkshire Hathaway, and is now behind companies like Meta (formerly Facebook) and Nvidia.  Bybit also noted that its retail traders had the lowest holdings, percentage-wise,

2023-12-05Ethereum

Pagkatiwalaan ang pinakamahusay na diskarte sa crypto bear market — Trust Wallet CEO

Bringing the global crypto and blockchain communities together in Istanbul, Turkey, the Binance Blockchain Week 2023 was a clear indicator that the Web3 ecosystem continues to grow regardless of price movements.  Despite being a Binance event, the conference housed several key players from the crypto industry.  Among them was Trust Wallet, a decentralized Web3 wallet provider acquired by Binance back in 2018. Since its acquisition, Trust Wallet has been widely seen as “the wallet arm of Binance.” This is why the Binance Blockchain Week visitors were caught off-guard when the crypto exchange announced its own Web3 wallet.  Trust Wallet CEO Eowyn Chen — a former vice president at Binance — clarified that “Binance focuses on the centralized, while Trust Wallet works toward the decentralized ecosystem,” adding that Trust Wallet has a neutrality that can serve and partner with anyone in the crypto industry.  “We think that keeping that independence and distance is the best way to keep the culture and the talents running for its own mission.”  Trust Wallet was born in 2017 during the initial coin offering craze due to the need for an accessible mobile wallet, Chen said. “It was the only developer-focused extension wallet out there,” she added. The Web3 wallet focused

2023-12-05Industriya

Tinatalakay ng US Force Major ang kahalagahan ng Bitcoin sa pambansang depensa

The United States Space Force Major Jason Lowery has recently advocated for a formal investigation into the strategic applications of proof-of-work (PoW) systems, specifically focusing on Bitcoin, as a means of enhancing national defense. Beyond its conventional role as a monetary system, Lowery highlights Bitcoins potential to secure various forms of data, messages, and command signals, positioning it as a valuable asset for bolstering cybersecurity and, consequently, national security.  US Force Major drums the importance of BTC  In a comprehensive letter addressed to the U.S. Defense Innovation Board on December 2, Lowery urged the board to advise the Secretary of Defense to delve into the “national strategic importance” of PoW systems, using Bitcoin as a prime example. The Defense Innovation Board, an independent advisory body, seeks to integrate technological innovation and best practices from Silicon Valley into the U.S. Military.  Force Major Lowerys argument centers on the notion that a PoW system, exemplified by Bitcoin, could act as a deterrent against cyberattacks due to the substantial costs associated with deploying physically resource-intensive computers. By drawing parallels with traditional military assets, he emphasized that proof-of-work mirrors physical security and deterrence strategies observed in domains such as land, sea, air, and space. The uniqueness lies

2023-12-05Industriya

Mga on-chain na organisasyon: Mga may pag-aalinlangan, maxis at kung ano ang makatotohanan

The most effective founders are resilient individuals with a growth mindset who are great delegators.  I heard recently that Vitalik choosing the term “Decentralized Autonomous Organization” in 2015 (defined here) was influenced by the 1997 book, .  Skeptics believe it is complete overhype whilst decentralization maxis see it as our immediate technological future.  During this bear market, skepticism prevails among Web3 leaders.  The second sub-group of skeptics, less extreme in their stance but equally steadfast, consists of disillusioned Web3 builders.  On the other side of the argument stands the maxis.  The skeptics group still actively participates on-chain every day.  Conventional banks cant assist in executing on-chain operations.

2023-12-05Industriya

Ipinakilala ng Mantle ang mETH liquid staking protocol, na nagpapalawak sa Ethereum-based na DeFi ecosystem nito

Mantle, the DAO-led web3 ecosystem, today unveiled its Mantle Liquid Staking Protocol (LSP) as a key addition to the Mantle Ecosystem, offering users a novel way to engage with Ethereums proof-of-stake (PoS) validator network, according to a statement shared with .  The Mantle LSP is a permissionless and non-custodial Ethereum (ETH) liquid staking protocol, functioning on Ethereum L1 and governed by Mantle. It stands as the second core product of the Mantle Ecosystem, following the Mantle Network L2. Mantle posits that the introduction of Mantle Staked Ether (mETH), a value-accumulating receipt token, is a pivotal step in their protocol.  Mantle detailed that the genesis of Mantle LSP began with a proposal in a Mantle forum on July 14, 2023. Following the acceptance of the Mantle Governance Proposal MIP-25, the staking of Mantle Treasury ETH was sanctioned, leading to the phased deployment of Mantle LSP. This process culminated in the protocols full operational launch on Dec. 4, transitioning it into a Permissionless Mode.  Mantle LSP distinguishes itself by offering instant and sustainable rewards. Users staking ETH receive mETH, a token embodying their staked value and accumulated rewards, while also unlocking additional yield opportunities within the Mantle Ecosystem. Mantle states that the ETH to mETH

2023-12-05Ethereum

Ang GBP/USD ay gumagalaw patagilid sa ibaba 1.2700 laban sa medyo mas matatag na Dollar

The Pound trades sideways after failing to break 1.2730.  Traders are cautious ahead of a string of key US data this week.  The broader positive trend remains intact.  The Pound is moving sideways, without a clear direction on Monday, after having failed to extend gains above 1.2760 amid a somewhat stronger US Dollar.  Investors have grown more cautious on Monday after the risk rally witnessed on Friday. With a string of US indicators ahead ending with the Nonfarm Payrolls report on Friday, investors are looking for more data to assess the Feds next steps.  Beyond that, the deteriorating situation in the Middle East, with news about the attacks on two commercial vessels in the Red Sea has dampened risk appetite further.  In the calendar today the main event will be US Factory orders. On Tuesday, the focus will be on the UK and US Services PMIs, and the US Jolrs job openings, the first of several US employment indicators.  From a technical perspective, the pair maintains the broader upside trend intact, with 1,2730 resistance closing the path towards 1.2820 and 1.2900. Supports are 1.2600 and 1.2480.

2023-12-05Industriya

Can ETH Give Traders a $3 Million Profit Like One ‘Smart Money’?

Balita ng Ethereum ng Bitcoin  A smart money trader made profits 20 times out of 25 by trading ETH.  If ETH retraces, $2,160 may be a good entry point as the coin may later hit $2,400.  Short will most likely be liquidated as long as the current ETH momentum holds.  Trading cryptocurrencies can be tricky for inexperienced players. But for smart money traders, price swings can be vital for making gains, and that was the case with a trader who has made $3 million in profit from trading Ethereum [ETH].  20 Wins Out of 25  According to Lookonchain, this trader sold all of his ETH for $6.35 million at an average price of $2,230. Although the recent profit was around $457,000, the same trader has exchanged ETH 25 times in the past 365 days. Lookonchain also mentioned that the trader made gains 20 times out of the possible 25.  A smart money who is good at trading $ ETH sold all 2,850 $ ETH($6.35M) at $2,230 in the past 6 hours, making ~$457K.  He/she has traded $ ETH 25 times in the past year, winning 20 times (the selling price is higher than the buying price), with a total profit of more than $3M.   — Lookonchain (@lookonchain) Disyembre

2023-12-05Ethereum

Ethereum Price Breaks $2,200, More Upsides Left In This Leg?

Balita ng Ethereum ng Bitcoin  Ethereum is showing a lot of positive signs and recently cleared the $2,200 resistance.  Ang presyo ay nakikipagkalakalan sa itaas ng $2,150 at ang 100-oras na Simple Moving Average.  May kumukonektang bullish trend line na bumubuo na may suporta malapit sa $2,190 sa oras-oras na chart ng ETH/USD (data feed sa pamamagitan ng Kraken).  The pair could extend its rally if it clears the $2,220 resistance zone.  Tumalon ng 5% ang Presyo ng Ethereum  Ethereum price remained well-bid after it settled above the $2,000 level. ETH gained bullish momentum and cleared the $2,120 resistance. The bulls even pumped it above the $2,200 level, like Bitcoin above $40,000.  A new multi-month high was formed near $2,229 and the price is now consolidating gains. It is trading above the 23.6% Fib retracement level of the upward move from the $2,147 swing low to the $2,229 high. There is also a connecting bullish trend line forming with support near $2,190 on the hourly chart of ETH/USD.  Ang Ethereum ay nakikipagkalakalan na ngayon sa itaas ng $2,180 at ang 100-oras na Simple Moving Average. Sa upside, ang presyo ay nahaharap sa paglaban malapit sa $2,220 zone.  Ang unang pangunahing pagtutol ay malapit sa antas na $2,250. Ang susunod

2023-12-04Ethereum

Bitcoin Gearing Up To Soar As Indicator Signals Strong Momentum para sa BTC, Ayon sa Analyst na si Henrik Zeberg

Bitcoin  Bitcoin Gearing Up To Soar As Indicator Signals Strong Momentum para sa BTC, Ayon sa Analyst na si Henrik Zeberg  Balita ng Ethereum ng Bitcoin  A widely followed analyst says that Bitcoin (BTC) is setting the stage up to skyrocket as one key indicator points toward strong momentum for the king crypto asset.  In a new thread, macroeconomist and crypto strategist Henrik Zeberg nagsasabi his 121,200 followers on the social media platform X that BTCs weekly relative strength index (RSI) suggests that Bitcoin has a powerful force behind it.  Traders keep a close watch on the RSI as it may signal trend continuations.  According to Zeberg, the last three times BTCs RSI has moved into bullish territory, it has surged upwards.  Source: Henrik Zeberg/X  According to the founders of market intelligence firm Glassnode, who go by the handle Negentropic on X, both BTC and Ethereum (ETH) are still nakatayo strong despite a recent pullback in the crypto markets.  Negentropic says that BTC is eyeing the $42,000 level while naming some altcoins to keep an eye on, such as ETH rival Solana (SOL), decentralized oracle provider Chainlink (LINK) and interoperable blockchain Cosmos (ATOM).  Source: Henrik Zeberg/X  Bitcoin is trading for $39,493, up nearly 2% in the past day.

2023-12-04Industriya

Will APT Price Break $8.00 Supply Zone?

Pananalapi  Will APT Price Break $8.00 Supply Zone?  Balita ng Ethereum ng Bitcoin  Aptos price prediction is mildly bullish for December and suggests range expansion is likely. APT price had consolidated for a quite long time near $7.00 and formed a strong base. So, buyers are active and trying their best to push the price upwards.  Mid-November, APT crypto price tried to break the high range. But due to the strong presence of sellers, the attempt failed and the price was thrown back to the range.  The 50 day EMA reversed upwards and attempted to positively intersect the 200 day EMA. If the crossover happens, then price might gain momentum.  The trading volume is in the decreasing phase which indicates the lack of new buyers. So, investors need to watch out for a break out of the $8.00 level, because a breakout with low volume usually turns out to be a trap.  Aptos crypto needs whales and genuine buyers participation to take control over the supply zone. Else, price will continue to consolidate and underperform compared to the overall crypto market.  Currently, APT price is trading at $7.583 with an intraday rise of 0.17%. The 24 hours volume to market cap stands at 5.61% suggesting that enough liquidity

2023-12-04Industriya
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