<?xml version="1.0" encoding="UTF-8"?><rss version="2.0" xmlns:content="http://purl.org/rss/1.0/modules/content/" xmlns:wfw="http://wellformedweb.org/CommentAPI/" xmlns:dc="http://purl.org/dc/elements/1.1/" xmlns:atom="http://www.w3.org/2005/Atom" xmlns:sy="http://purl.org/rss/1.0/modules/syndication/" xmlns:slash="http://purl.org/rss/1.0/modules/slash/" > <channel> <title>Market Analysis – NFTAZ</title> <atom:link href="https://nftaz.com/category/market-analysis/feed/" rel="self" type="application/rss+xml" /> <link>https://nftaz.com</link> <description>Latest Bitcoin & Cryptocurrency News</description> <lastBuildDate>Thu, 28 Nov 2024 19:36:56 +0000</lastBuildDate> <language>en-US</language> <sy:updatePeriod> hourly </sy:updatePeriod> <sy:updateFrequency> 1 </sy:updateFrequency> <generator>https://wordpress.org/?v=6.7.1</generator> <image> <url>https://nftaz.com/wp-content/uploads/2024/01/favicon7.png</url> <title>Market Analysis – NFTAZ</title> <link>https://nftaz.com</link> <width>32</width> <height>32</height> </image> <item> <title>Japanese Firm Metaplanet Raises $62 Million for Bitcoin Purchase</title> <link>https://nftaz.com/japanese-firm-metaplanet-raises-62-million-for-bitcoin-purchase/</link> <comments>https://nftaz.com/japanese-firm-metaplanet-raises-62-million-for-bitcoin-purchase/#respond</comments> <dc:creator><![CDATA[CryptoExpert]]></dc:creator> <pubDate>Thu, 28 Nov 2024 19:36:56 +0000</pubDate> <category><![CDATA[Market Analysis]]></category> <guid isPermaLink="false">https://nftaz.com/japanese-firm-metaplanet-raises-62-million-for-bitcoin-purchase/</guid> <description><![CDATA[[ad_1] Metaplanet, a Japanese investment firm, has announced plans to raise $62 million by issuing stock acquisition rights to EVO Fund. The raised funds will be allocated to buying more Bitcoin for its treasury management. <a class="mh-excerpt-more" href="https://nftaz.com/japanese-firm-metaplanet-raises-62-million-for-bitcoin-purchase/" title="Japanese Firm Metaplanet Raises $62 Million for Bitcoin Purchase">[...]</a>]]></description> <content:encoded><![CDATA[<p> [ad_1]<br /> </p> <div> <p>Metaplanet, a Japanese investment firm, has announced plans to raise $62 million by issuing stock acquisition rights to EVO Fund. The raised funds will be allocated to buying more Bitcoin for its treasury management.</p> <p>The company stressed that it will continue to maintain a Bitcoin-first strategy. </p> <p>Metaplanet outlined its strategy in a press release, confirming the issuance of its 12th series of Stock Acquisition Rights. Starting Dec. 16, 2024, the firm will allocate 29,000 units through a third-party allotment. </p> <p>Each unit gives EVO Fund the right to purchase 100 common shares, priced at 614 yen per unit, amounting to a total of 17,806,000 yen.</p> <blockquote class="max-w-xl text-4.5 border-l-2 border-blue-600 pl-11 mb-9 select-all [&_p]:!mb-0 wp-block-quote"> <p>“We are prioritizing a Bitcoin-first, Bitcoin-only approach to treasury management. We have made it clear that we intend to utilize debt and periodic stock issuance to systematically increase our Bitcoin holdings while reducing exposure to a depreciating yen,” Metaplanet stated in the press release. </p> </blockquote> <p>Throughout this year, Metaplanet has been actively leveraging stock acquisition rights to increase its Bitcoin holdings. </p> <p>In October, the firm concluded its 11th issuance, raising 10 billion yen ($66 million), with a significant portion allocated to further Bitcoin purchases. The company’s shares surged over 1,000% in 2024. </p> <figure class="wp-block-image size-full is-resized"><img decoding="async" width="2344" height="421" alt="metaplanet stock performance since bitcoin purchase" class="wp-image-616334 lazy" style="aspect-ratio:5.567695961995249;width:1024px;height:auto" srcset="https://beincrypto.com/wp-content/uploads/2024/11/image-219.png.webp 2344w, https://beincrypto.com/wp-content/uploads/2024/11/image-219-360x65.png.webp 360w, https://beincrypto.com/wp-content/uploads/2024/11/image-219-850x153.png.webp 850w, https://beincrypto.com/wp-content/uploads/2024/11/image-219-768x138.png.webp 768w, https://beincrypto.com/wp-content/uploads/2024/11/image-219-1536x276.png.webp 1536w, https://beincrypto.com/wp-content/uploads/2024/11/image-219-2048x368.png.webp 2048w, https://beincrypto.com/wp-content/uploads/2024/11/image-219-150x27.png.webp 150w" sizes="auto, (max-width: 2344px) 100vw, 2344px" loading="lazy" src="https://beincrypto.com/wp-content/uploads/2024/11/image-219.png.webp"/><figcaption class="wp-element-caption">Metaplanet’s Stock Performance Throughout 2024. Source: TradingView</figcaption></figure> <h2 class="bic-gutenberg-heading wp-heading wp-block-heading" id="h-public-firms-continue-to-buy-more-btc">Public Firms Continue to Buy More BTC</h2> <p>Publicly traded companies are increasingly investing in Bitcoin. Yesterday, Chinese public company SOS Limited also bought $50 million worth of BTC. Following the news, its stock price surged over 100%. </p> <p>Also, MicroStrategy recently acquired another $5.4 billion worth of BTC. This was its third round of Bitcoin purchase in November alone. The company has spent over $16 billion on Bitcoin this year, maintaining its status as the largest institutional Bitcoin holder. </p> <p>Similar to other firms, MircoStrategy’s stock performance has mirrored Bitcoin’s surge. Its shares have climbed 450% year-to-date, placing it among the top 100 US public companies.</p> <p>Other firms are also ramping up Bitcoin investments. Marathon Digital recently raised $1 billion through a convertible senior notes offering, earmarking the majority of the funds for Bitcoin acquisitions.</p> <p>Bitcoin’s price performance continues to fuel optimism. Despite reaching $99,000 in the current cycle, public firms remain confident in Bitcoin’s long-term potential. </p> <p>In fact, Pantera Capital recently projected that Bitcoin could hit $740,000 by 2028, reinforcing the bullish sentiment across the industry.</p> <div id="bic-c-disclimer-22024147-6ae6-4ef5-941c-0ad3044b5ef6" class="p-5 mt-6 rounded-lg border border-grey-200 "> <div class="text-grey-700 [&_p:not(.dh)]:!p4 [&_p:not(.dh)]:!p4--ns [&_p:not(.dh)]:!mb-0"> <p class="h8 h8--normal-case mb-3 text-blue-600 unstyled-content-p dh">Disclaimer</p> <p>In adherence to the Trust Project guidelines, BeInCrypto is committed to unbiased, transparent reporting. This news article aims to provide accurate, timely information. However, readers are advised to verify facts independently and consult with a professional before making any decisions based on this content. Please note that our Terms and Conditions, Privacy Policy, and Disclaimers have been updated.</p> </div> </div></div> <p>[ad_2]<br /> <br /><a href="https://beincrypto.com/metaplanet-62m-bitcoin-purchase-treasury-growth/">Source link </a></p> ]]></content:encoded> <wfw:commentRss>https://nftaz.com/japanese-firm-metaplanet-raises-62-million-for-bitcoin-purchase/feed/</wfw:commentRss> <slash:comments>0</slash:comments> </item> <item> <title>BlackRock holds $78 million in IBIT shares across two investment funds, new filings reveal</title> <link>https://nftaz.com/blackrock-holds-78-million-in-ibit-shares-across-two-investment-funds-new-filings-reveal/</link> <comments>https://nftaz.com/blackrock-holds-78-million-in-ibit-shares-across-two-investment-funds-new-filings-reveal/#respond</comments> <dc:creator><![CDATA[CryptoExpert]]></dc:creator> <pubDate>Thu, 28 Nov 2024 18:46:54 +0000</pubDate> <category><![CDATA[Market Analysis]]></category> <guid isPermaLink="false">https://nftaz.com/blackrock-holds-78-million-in-ibit-shares-across-two-investment-funds-new-filings-reveal/</guid> <description><![CDATA[[ad_1] Key Takeaways Two funds managed by BlackRock collectively hold $78 million worth of IBIT shares. IBIT has grown to $48 billion in assets under management since January. Share this article BlackRock has added more <a class="mh-excerpt-more" href="https://nftaz.com/blackrock-holds-78-million-in-ibit-shares-across-two-investment-funds-new-filings-reveal/" title="BlackRock holds $78 million in IBIT shares across two investment funds, new filings reveal">[...]</a>]]></description> <content:encoded><![CDATA[<p> [ad_1]<br /> </p> <div id=""> <h3>Key Takeaways</h3> <p> Two funds managed by BlackRock collectively hold $78 million worth of IBIT shares.<br /> IBIT has grown to $48 billion in assets under management since January.</p> <p>Share this article</p> <div class="social-icons"> <p> <img decoding="async" src="https://static.cryptobriefing.com/wp-content/uploads/2024/04/05153217/follow-us-on-google-news.png" alt="Follow on Google News" width="140" height="41"/></p></div> <p>BlackRock has added more shares of the iShares Bitcoin Trust (IBIT) to two of its funds, totaling $78 million as of September 30, according to recent SEC filings first shared by MacroScope.</p> <p>BlackRock Strategic Income Opportunities (BSIIX), managing $39 billion in assets, disclosed adding over 2 million shares of IBIT to its portfolio in the period ending September 30. It now holds 2,140,095 IBIT shares, valued at around $77 million.</p> <figure><img decoding="async" src="data:image/svg+xml,%3Csvg%20xmlns=" http:="" data-lazy-src="https://static.cryptobriefing.com/wp-content/uploads/2024/11/28132932/Screenshot-2024-11-29-012916.png"/><figcaption/></figure> <p>According to a separate filing, BlackRock Strategic Global Bond (MAWIX), overseeing $816 million worth of assets, bought over 24,000 shares of IBIT, increasing its total holdings to 40,682, worth around $1.4 million.</p> <figure><img decoding="async" src="data:image/svg+xml,%3Csvg%20xmlns=" http:="" data-lazy-src="https://static.cryptobriefing.com/wp-content/uploads/2024/11/28133017/Screenshot-2024-11-29-013007.png"/><figcaption/></figure> <p>Both funds are managed by Rick Rieder, BlackRock’s chief investment officer (CIO) of global fixed income.</p> <p>IBIT has seen rapid growth since it started trading in January, with roughly $48 billion in assets under management as of November 27. The fund has surpassed its gold-focused counterpart, the iShares Gold Trust (IAU), which holds approximately $33 billion.</p> <figure><img decoding="async" src="data:image/svg+xml,%3Csvg%20xmlns=" http:="" data-lazy-src="https://static.cryptobriefing.com/wp-content/uploads/2024/11/28133105/Screenshot-2024-11-29-013057.png"/><figcaption/></figure> <p>IBIT has attracted investments from diverse groups of investors, including hedge funds, pension funds, and institutional investors.</p> <p>In the latest 13F filings, Millennium Management topped the list with around $848 million in IBIT shares, followed by Goldman Sachs with $461 million and Capula Management with $308 million.</p> <p>The Bitcoin ETF has maintained steady daily performance metrics, including trading volumes and capital flows, with over $30 million poured into the fund, according to data from Farside Investors.</p> <p>Share this article</p> <div class="social-icons"> <p> <img decoding="async" src="https://static.cryptobriefing.com/wp-content/uploads/2024/04/05153217/follow-us-on-google-news.png" alt="Follow on Google News" width="140" height="41"/></p></div> </p></div> <p>[ad_2]<br /> <br /><a href="https://cryptobriefing.com/blackrock-ibit-shares-investment/">Source link </a></p> ]]></content:encoded> <wfw:commentRss>https://nftaz.com/blackrock-holds-78-million-in-ibit-shares-across-two-investment-funds-new-filings-reveal/feed/</wfw:commentRss> <slash:comments>0</slash:comments> </item> <item> <title>Arbitrum launches $1M Trailblazer AI Grant Program to boost AI innovation</title> <link>https://nftaz.com/arbitrum-launches-1m-trailblazer-ai-grant-program-to-boost-ai-innovation/</link> <comments>https://nftaz.com/arbitrum-launches-1m-trailblazer-ai-grant-program-to-boost-ai-innovation/#respond</comments> <dc:creator><![CDATA[CryptoExpert]]></dc:creator> <pubDate>Wed, 27 Nov 2024 19:35:53 +0000</pubDate> <category><![CDATA[Market Analysis]]></category> <guid isPermaLink="false">https://nftaz.com/arbitrum-launches-1m-trailblazer-ai-grant-program-to-boost-ai-innovation/</guid> <description><![CDATA[[ad_1] Arbitrum launches a $1M Trailblazer AI Grant to support AI innovation on-chain. Grants of up to $10,000 are available for AI projects integrated with Arbitrum. The program fosters creativity with mentorship and access to <a class="mh-excerpt-more" href="https://nftaz.com/arbitrum-launches-1m-trailblazer-ai-grant-program-to-boost-ai-innovation/" title="Arbitrum launches $1M Trailblazer AI Grant Program to boost AI innovation">[...]</a>]]></description> <content:encoded><![CDATA[<p> [ad_1]<br /> </p> <div data-site="CoinJournal"> <div class="post-article-image -mt-24 mb-8 lg:-mt-32 rounded overflow-hidden" data-site="CoinJournal"> <p> <img decoding="async" src="https://coinjournal.net/wp-content/uploads/2024/11/Arbitrum-launches-1M-Trailblazer-AI-Grant-Program.jpg" alt="Arbitrum launches $1M Trailblazer AI Grant Program to boost AI innovation" width="100%" height="100%"/> </div> <p>Arbitrum launches a $1M Trailblazer AI Grant to support AI innovation on-chain.<br /> Grants of up to $10,000 are available for AI projects integrated with Arbitrum.<br /> The program fosters creativity with mentorship and access to Arbitrum’s community.</p> <p>Arbitrum Foundation has unveiled the $1 million Trailblazer AI Grant Program, designed to fuel innovation and support developers building cutting-edge artificial intelligence (AI) agents and on-chain AI products on the Arbitrum network.</p> <p>With this initiative, Arbitrum seeks to further solidify its position as the go-to platform for AI builders, offering low fees, high throughput, and low latency as key advantages for deploying AI solutions.</p> <h2>The Arbitrum Trailblazer AI Grant program</h2> <p>The program will award grants of up to $10,000 per project, with a focus on AI agents that are already integrated with Arbitrum’s decentralized infrastructure.</p> <p>To be eligible, projects must demonstrate creativity, innovation, and impact, with the potential to drive user engagement, and ecosystem growth, and bring novel AI concepts to life.</p> <p>The initiative encourages builders from a range of backgrounds—whether creating groundbreaking ideas or working with existing projects—to apply for the funding and mentorship opportunities available.</p> <p>The Trailblazer AI Grant aims to onboard thousands of AI applications and agents, with a broad focus on diverse use cases.</p> <p>Among the examples highlighted by Arbitrum are creative agents capable of generating art via Rust contracts on Stylus, self-upgrading agents, sophisticated trading bots that execute complex token trades, and strategic DeFi agents that devise multi-step DeFi strategies.</p> <p>Other possibilities include community-engagement agents for DAO delegates or PvE gaming communities, as well as collaborative agents that delegate tasks to other agents in swarms.</p> <p>The program not only provides financial support but also offers mentorship from industry experts, fostering a collaborative environment within the growing Arbitrum ecosystem.</p> <p>Selected projects will have the opportunity to showcase their work to a global audience and benefit from the network’s vibrant community of developers and innovators.</p> <p>By launching the Trailblazer AI Grant Program, Arbitrum continues to empower developers to explore the full potential of AI, ensuring the network remains a key player in the rapidly evolving landscape of AI innovation.</p> <div class="post-meta"> <p> Share this articleCategoriesTags </p></div> </p></div> <p>[ad_2]<br /> <br /><a href="https://coinjournal.net/news/arbitrum-launches-1m-trailblazer-ai-grant-program-to-boost-ai-innovation/">Source link </a></p> ]]></content:encoded> <wfw:commentRss>https://nftaz.com/arbitrum-launches-1m-trailblazer-ai-grant-program-to-boost-ai-innovation/feed/</wfw:commentRss> <slash:comments>0</slash:comments> </item> <item> <title>What Are Ethereum Derivatives Traders Up to After ETH Decline?</title> <link>https://nftaz.com/what-are-ethereum-derivatives-traders-up-to-after-eth-decline/</link> <comments>https://nftaz.com/what-are-ethereum-derivatives-traders-up-to-after-eth-decline/#respond</comments> <dc:creator><![CDATA[CryptoExpert]]></dc:creator> <pubDate>Tue, 26 Nov 2024 19:30:30 +0000</pubDate> <category><![CDATA[Market Analysis]]></category> <guid isPermaLink="false">https://nftaz.com/what-are-ethereum-derivatives-traders-up-to-after-eth-decline/</guid> <description><![CDATA[[ad_1] Ethereum (ETH) derivatives traders have reacted to the altcoin’s failure to sustain the $3,500 level by increasing their short positions. This surge in bearish bets suggests that a majority of traders anticipate further price declines <a class="mh-excerpt-more" href="https://nftaz.com/what-are-ethereum-derivatives-traders-up-to-after-eth-decline/" title="What Are Ethereum Derivatives Traders Up to After ETH Decline?">[...]</a>]]></description> <content:encoded><![CDATA[<p> [ad_1]<br /> </p> <div> <p>Ethereum (ETH) derivatives traders have reacted to the altcoin’s failure to sustain the $3,500 level by increasing their short positions. This surge in bearish bets suggests that a majority of traders anticipate further price declines for ETH.</p> <p>However, do other metrics align with this sentiment? This on-chain analysis explores whether these traders might be making the right call — or if the data hints at a potential rebound.</p> <h2 class="bic-gutenberg-heading wp-heading wp-block-heading" id="h-ethereum-shorts-outpace-longs-amid-profit-taking">Ethereum Shorts Outpace Longs Amid Profit-Taking</h2> <p>As of this writing, the liquidation map reveals that Ethereum derivatives traders have opened short positions totaling $918 million since the cryptocurrency’s price drop yesterday. </p> <p>In trading, going long or short represents a trader’s expectation of price movement. Opening a long position suggests the trader believes the price will rise. Going short, on the other hand, indicates that they expect a decline.</p> <p>Currently, ETH long positions are valued at approximately $218 million, highlighting that shorts have significantly outpaced bullish exposure by $700 million. However, it is important to note that if Ethereum’s price rallies toward $3,700, most of these positions with high leverage might face liquidation.</p> <figure class="wp-block-image size-full"><img decoding="async" width="2625" height="765" alt="Ethereum liquidation heatmap" class="wp-image-614579 lazy" srcset="https://beincrypto.com/wp-content/uploads/2024/11/ethereum-liquidation-map.png 2625w, https://beincrypto.com/wp-content/uploads/2024/11/ethereum-liquidation-map-360x105.png 360w, https://beincrypto.com/wp-content/uploads/2024/11/ethereum-liquidation-map-850x248.png 850w, https://beincrypto.com/wp-content/uploads/2024/11/ethereum-liquidation-map-768x224.png 768w, https://beincrypto.com/wp-content/uploads/2024/11/ethereum-liquidation-map-1536x448.png 1536w, https://beincrypto.com/wp-content/uploads/2024/11/ethereum-liquidation-map-2048x597.png 2048w, https://beincrypto.com/wp-content/uploads/2024/11/ethereum-liquidation-map-150x44.png 150w" sizes="auto, (max-width: 2625px) 100vw, 2625px" loading="lazy" src="https://beincrypto.com/wp-content/uploads/2024/11/ethereum-liquidation-map.png"/><figcaption class="wp-element-caption">Ethereum Liquidation Map. Source: Coinglass</figcaption></figure> <p>However, data from Glassnode suggests that these traders may not face liquidation unless a significant rebound occurs. This is primarily due to the rise in realized profits, which indicates that traders have locked in gains by selling or transferring assets at a higher price.</p> <p>As of press time, Ethereum’s realized profits had surged to $659.22 million, suggesting that most shorts have capitalized on the price movement and may be less vulnerable to liquidation in the short term.</p> <figure class="wp-block-image size-full is-resized"><img decoding="async" width="1800" height="1013" alt="Ethereum price analysis" class="wp-image-614575 lazy" style="aspect-ratio:1.7769002961500493;width:1023px;height:auto" srcset="https://beincrypto.com/wp-content/uploads/2024/11/ethereum-realized-profits.png 1800w, https://beincrypto.com/wp-content/uploads/2024/11/ethereum-realized-profits-360x203.png 360w, https://beincrypto.com/wp-content/uploads/2024/11/ethereum-realized-profits-850x478.png 850w, https://beincrypto.com/wp-content/uploads/2024/11/ethereum-realized-profits-768x432.png 768w, https://beincrypto.com/wp-content/uploads/2024/11/ethereum-realized-profits-1536x864.png 1536w, https://beincrypto.com/wp-content/uploads/2024/11/ethereum-realized-profits-150x84.png 150w" sizes="auto, (max-width: 1800px) 100vw, 1800px" loading="lazy" src="https://beincrypto.com/wp-content/uploads/2024/11/ethereum-realized-profits.png"/><figcaption class="wp-element-caption">Ethereum Realized Profits. Source: Glassnode</figcaption></figure> <h2 class="bic-gutenberg-heading wp-heading wp-block-heading" id="h-eth-price-prediction-bearish">ETH Price Prediction: Bearish</h2> <p>Since November 16, ETH’s price has been trading within an ascending channel. An ascending channel is a chart pattern formed by two upward trend lines, one drawn above the price (resistance) and the other below (support). </p> <p>This pattern indicates that the price is moving higher within a defined range. The support line shows where the price tends to bounce higher, and the resistance line marks where the price faces selling pressure.</p> <p>As seen below, ETH, at $3,314, has dropped below the support line. If selling pressure intensifies, the cryptocurrency’s value is likely to sink to $3,033. </p> <figure class="wp-block-image size-full"><img decoding="async" loading="lazy" width="3190" height="1802" alt="Ethereum price analysis" class="wp-image-614563 lazy" srcset="https://beincrypto.com/wp-content/uploads/2024/11/ethereum-price-prediction-analysis.png 3190w, https://beincrypto.com/wp-content/uploads/2024/11/ethereum-price-prediction-analysis-360x203.png 360w, https://beincrypto.com/wp-content/uploads/2024/11/ethereum-price-prediction-analysis-850x480.png 850w, https://beincrypto.com/wp-content/uploads/2024/11/ethereum-price-prediction-analysis-768x434.png 768w, https://beincrypto.com/wp-content/uploads/2024/11/ethereum-price-prediction-analysis-1536x868.png 1536w, https://beincrypto.com/wp-content/uploads/2024/11/ethereum-price-prediction-analysis-2048x1157.png 2048w, https://beincrypto.com/wp-content/uploads/2024/11/ethereum-price-prediction-analysis-150x85.png 150w" sizes="auto, (max-width: 3190px) 100vw, 3190px" src="https://beincrypto.com/wp-content/uploads/2024/11/ethereum-price-prediction-analysis.png"/><figcaption class="wp-element-caption">Ethereum 4-Hour Analysis. Source: TradingView </figcaption></figure> <p>However, Ethereum derivatives traders need to watch out. Should the altcoin fail to drop below $3,220, this might not happen. Instead, the value could rise to $3,547 and possibly climb to $4,000.</p> <div id="bic-c-disclimer-b9e870e0-cdba-43aa-99f1-3420e5dba018" class="p-5 mt-6 rounded-lg border border-grey-200 "> <div class="text-grey-700 [&_p:not(.dh)]:!p4 [&_p:not(.dh)]:!p4--ns [&_p:not(.dh)]:!mb-0"> <p class="h8 h8--normal-case mb-3 text-blue-600 unstyled-content-p dh">Disclaimer</p> <p>In line with the Trust Project guidelines, this price analysis article is for informational purposes only and should not be considered financial or investment advice. BeInCrypto is committed to accurate, unbiased reporting, but market conditions are subject to change without notice. Always conduct your own research and consult with a professional before making any financial decisions. Please note that our Terms and Conditions, Privacy Policy, and Disclaimers have been updated.</p> </div> </div></div> <p>[ad_2]<br /> <br /><a href="https://beincrypto.com/ethereum-derivatives-traders-respond-to-price-drop/">Source link </a></p> ]]></content:encoded> <wfw:commentRss>https://nftaz.com/what-are-ethereum-derivatives-traders-up-to-after-eth-decline/feed/</wfw:commentRss> <slash:comments>0</slash:comments> </item> <item> <title>Avalanche launches Avalanche9000 testnet, its largest upgrade to date</title> <link>https://nftaz.com/avalanche-launches-avalanche9000-testnet-its-largest-upgrade-to-date/</link> <comments>https://nftaz.com/avalanche-launches-avalanche9000-testnet-its-largest-upgrade-to-date/#respond</comments> <dc:creator><![CDATA[CryptoExpert]]></dc:creator> <pubDate>Mon, 25 Nov 2024 18:52:42 +0000</pubDate> <category><![CDATA[Market Analysis]]></category> <guid isPermaLink="false">https://nftaz.com/avalanche-launches-avalanche9000-testnet-its-largest-upgrade-to-date/</guid> <description><![CDATA[[ad_1] Avalanche9000 testnet launched, reducing costs and enabling permissionless L1s. The upgrade will lower validator and C-Chain fees, boosting accessibility. Avalanche has also launched a $40M grant program to incentivize the adoption and development of <a class="mh-excerpt-more" href="https://nftaz.com/avalanche-launches-avalanche9000-testnet-its-largest-upgrade-to-date/" title="Avalanche launches Avalanche9000 testnet, its largest upgrade to date">[...]</a>]]></description> <content:encoded><![CDATA[<p> [ad_1]<br /> </p> <div data-site="CoinJournal"> <div class="post-article-image -mt-24 mb-8 lg:-mt-32 rounded overflow-hidden" data-site="CoinJournal"> <p> <img decoding="async" src="https://coinjournal.net/wp-content/uploads/2023/03/08_Avalanche-4.jpg" alt="Avalanche launches Avalanche9000 testnet, its largest upgrade to date" width="100%" height="100%"/> </div> <p>Avalanche9000 testnet launched, reducing costs and enabling permissionless L1s.<br /> The upgrade will lower validator and C-Chain fees, boosting accessibility.<br /> Avalanche has also launched a $40M grant program to incentivize the adoption and development of new Avalanche L1s.</p> <p>Avalanche, the eighth-largest blockchain by total value locked (TVL), has taken a significant leap forward with the launch of its “Avalanche9000” upgrade on the testnet.</p> <p>This upgrade, described as the largest in the blockchain’s history, aims to revolutionize app development, reduce transaction costs, and make validator operations more affordable.</p> <h2>Avalanche9000: a complete overhaul of Avalanche</h2> <p>The upgrade went live at 1 p.m. ET on Monday and marks a pivotal step toward its planned mainnet deployment by the end of 2025.</p> <p>Avalanche9000 is not just a technical enhancement but a complete ecosystem overhaul designed to simplify blockchain development for builders and reduce costs for users.</p> <p>Central to the upgrade are two transformative proposals: ACP-77 and ACP-125.</p> <p>ACP-77 introduces a new framework for validators, enabling users to launch their own low-cost, permissionless subnets, now rebranded as “L1s.” This change broadens accessibility, allowing developers from decentralized exchange operators to blockchain creators to spin up their own chains.</p> <p>ACP-125, on the other hand, significantly lowers the minimum fees on Avalanche’s primary C-Chain from 25 nAVAX to 1 nAVAX, equating to a 96% reduction. This move aligns Avalanche’s transaction costs with leading Ethereum layer-2 solutions like Arbitrum and Polygon.</p> <p>Avalanche9000 also enhances its cross-chain capabilities with features like Interchain Messaging (ICM), paving the way for interconnected decentralized applications (dApps). Over 500 new L1s are already in various stages of development, ranging from gaming chains to small business solutions.</p> <p>This transformative upgrade underscores Avalanche’s mission to lower barriers for blockchain adoption.</p> <p>Luigi D’Onorio DeMeo, COO of Ava Labs, emphasized its groundbreaking nature: “Avalanche9000 enables a scale and flexibility previously impossible. By making validators permissionless and reducing costs, it redefines what’s achievable on our network.”</p> <h2>$40 million grant program</h2> <p>The Avalanche Foundation has coupled the Avalanche9000 upgrade with a robust $40 million grant program dubbed “Retro9000,” designed to incentivize network adoption and development.</p> <p>Developers building on the testnet can register for grants, with retroactive rewards available upon mainnet deployment.</p> <p>A $2 million referral fund within Retro9000 further encourages influencers, business developers, and key opinion leaders to drive adoption.</p> <p>With Avalanche9000 live on the testnet and its mainnet launch set for 2025, Avalanche is firmly positioned to strengthen its standing in the competitive blockchain ecosystem, promising a more accessible and cost-effective future for developers and users alike.</p> <div class="post-meta"> <p> Share this articleCategoriesTags </p></div> </p></div> <p>[ad_2]<br /> <br /><a href="https://coinjournal.net/news/avalanche-launches-avalanche9000-testnet-its-largest-upgrade-to-date/">Source link </a></p> ]]></content:encoded> <wfw:commentRss>https://nftaz.com/avalanche-launches-avalanche9000-testnet-its-largest-upgrade-to-date/feed/</wfw:commentRss> <slash:comments>0</slash:comments> </item> <item> <title>The Biggest Names in Blockchain in 2024 Revealed</title> <link>https://nftaz.com/the-biggest-names-in-blockchain-in-2024-revealed/</link> <comments>https://nftaz.com/the-biggest-names-in-blockchain-in-2024-revealed/#respond</comments> <dc:creator><![CDATA[CryptoExpert]]></dc:creator> <pubDate>Mon, 25 Nov 2024 18:28:26 +0000</pubDate> <category><![CDATA[Market Analysis]]></category> <guid isPermaLink="false">https://nftaz.com/the-biggest-names-in-blockchain-in-2024-revealed/</guid> <description><![CDATA[[ad_1] As an industry, blockchain has consistently outperformed expectations. Currently, it’s poised to reach $248.9 billion over the next 5 years, driven by a staggering 65.5% compound annual growth. This explosive expansion stems from the <a class="mh-excerpt-more" href="https://nftaz.com/the-biggest-names-in-blockchain-in-2024-revealed/" title="The Biggest Names in Blockchain in 2024 Revealed">[...]</a>]]></description> <content:encoded><![CDATA[<p> [ad_1]<br /> </p> <div data-site="CoinJournal"> <div class="post-article-image -mt-24 mb-8 lg:-mt-32 rounded overflow-hidden" data-site="CoinJournal"> <p> <img data-src="https://coinjournal.net/wp-content/uploads/2024/10/bitcoin.jpg" alt="" width="100%" height="100%"/> </div> <p><span style="font-weight: 400">As an industry, blockchain has consistently outperformed expectations. Currently, it’s poised to reach $248.9 billion over the next 5 years, driven by a staggering 65.5% compound annual growth. This explosive expansion stems from the technology’s innate ability to reshape a vast array of industries via the tenets of decentralization, transparency, and security. </span></p> <h2>The Potential of Blockchain</h2> <p><span style="font-weight: 400">A number of key developments have accelerated not just the growth of blockchain, but also its integration into the mainstream. Support from other Big Tech sectors like gaming and fintech has raised the profile of decentralized currencies, in turn bringing the networks that power them to the fore. </span></p> <p><span style="font-weight: 400">This has made some very significant changes. In the gaming industry, for example, the emergence of new platforms and gaming experiences, from </span><span style="font-weight: 400">Bitcoin casino websites</span><span style="font-weight: 400"> to play-to-earn titles, has pushed the utility of blockchain as much as it has opened access to cryptocurrencies for the average consumer. Cryptocurrencies have enormous potential when being used in the casino world – not least because of the security boost that they offer – and many enthusiastic gamers have moved toward using these for all sorts of online gaming fun, whether it’s slots, poker, blackjack, or something else. This is just one example of how blockchain is changing industries from top to bottom.</span></p> <p><span style="font-weight: 400">Moreover, the application of blockchain to fintech has given rise to DeFi – the decentralized finance sector, which is having a revolutionary impact on financial systems across the globe. It’s transforming digital ownership via non-fungible tokens (NFTs) and digital assets. Alongside all that, blockchain is being increasingly integrated into traditional banking methods.</span></p> <p><span style="font-weight: 400">And as a result of such advancements? Well, a diverse set of companies are now harnessing the potential of blockchain — in some genuinely innovative ways. In this article, we’ll explore those heavy-hitting blockchain companies that are pioneering a unique approach to demonstrating the versatility of this technology, underscoring its pivotal role in the future of international business. </span></p> <h2>Key Takeaways</h2> <p><span style="font-weight: 400">Major blockchain developments include GameFi, decentralized finance (DeFi), NFTs, smart contracts, and integration into traditional sectors like banking and logistics. These trends showcase technology’s ever-growing role in transparency and efficiency. </span><br /> <span style="font-weight: 400">A diverse group of companies is leading blockchain innovation, from computing giants creating new digital asset ecosystems to start-ups focusing on decentralized data management and peer-to-peer transactionality. </span><br /> <span style="font-weight: 400">With blockchain advancing so rapidly, businesses from across all industries can stay competitive by harnessing its potential to establish secure and efficient operational systems. </span></p> <h2>Blockchain Companies to Know</h2> <p><span style="font-weight: 400">Here’s a round-up of the core blockchain companies to know as we head into 2025. While some exclusively operate in the blockchain space, you might recognize a few household names who are leading the charge when it comes to utilizing and advancing blockchain tech. </span></p> <h3>RIOT Platforms Inc.</h3> <p><span style="font-weight: 400">Exchange: Nasdaq</span></p> <p><span style="font-weight: 400">Mining is an essential component of the decentralized ecosystem, being critical to Bitcoin and leading blockchain networks. Riot Platforms has been a top player in the crypto mining space since its launch in 2000, and now offers solutions across engineering and data center hosting. Often rated as a Wall Street Strong Buy, the company maintains investments in Verady, Coinsquare, and Tess. </span></p> <h3>Ripple</h3> <p><span style="font-weight: 400">Known among gamers and traders for the XRP token, Ripple is actually a powerhouse company in the decentralized technology sector. </span></p> <p><span style="font-weight: 400">Having developed its blockchain network over a decade, Ripple is well positioned as a company delivering products that enable businesses, governments, and financial institutions to tokenize and manage value. Transparency and cost-efficiency are at the center of the blockchain’s offering, which has seen it attract a client base including American Express and BMO. </span></p> <h3>Coinbase Global, Inc.</h3> <p><span style="font-weight: 400">Exchange: Nasdaq</span></p> <p><span style="font-weight: 400">The US’ largest cryptocurrency exchange by trading volume, Coinbase is another multi-faceted blockchain company. It’s got a whole suite of products for retail and institutions. Founded in 2012 by Bryan Armstrong, the company is headquartered in San Francisco and incorporates Coinbase Pro, Coinbase Wallet, and USD Coin. </span></p> <p><span style="font-weight: 400">Coinbase’s profile has received a substantial boost this year due to playing a crucial role in the brokerage of </span><span style="font-weight: 400">spot Bitcoin ETFs</span><span style="font-weight: 400">. </span></p> <h3>Binance Holdings Inc</h3> <p><span style="font-weight: 400">Who hasn’t heard of Binance at this point? Globally recognized, this blockchain ecosystem has developed a comprehensive suite of decentralized products that include the largest digital asset exchange. Founded by Changpeng Zhao in 2017, Binance’s mission is to provide the </span><span style="font-weight: 400">“core infrastructure services for organizing the world’s crypto.”</span></p> <p><span style="font-weight: 400">Crypto insiders will already be familiar with its currencies: Binance Coin (BNB) and BinanceUSD (BUSD). While it was first launched on the Ethereum chain, BNB has since migrated to the company’s own proprietary network, the BNB Chain, indicating its industry-leading position in the blockchain and crypto space. </span></p> <h3>IBM</h3> <p><span style="font-weight: 400">Exchange: NYSE</span></p> <p><span style="font-weight: 400">The multi-national computing giant is well established in the Big Tech space. For decades, its extensive suite of cognitive solutions and cloud platform have powered industries, enterprises, and individuals across the globe – not a bad record! </span></p> <p><span style="font-weight: 400">With a 100+ year history in spearheading innovation, IBM has long been at the forefront of pushing the capabilities of human-tech interaction. It’s therefore not super surprising that it’s been one of the largest names to embrace blockchain and now </span><span style="font-weight: 400">provides extensive solutions</span><span style="font-weight: 400"> to build blockchain systems across a diverse spectrum of industries, from supply chain management to food product sourcing. </span></p> <div class="post-meta"> <p> Share this articleCategoriesTags </p></div> </p></div> <p>[ad_2]<br /> <br /><a href="https://coinjournal.net/news/the-biggest-names-in-blockchain/">Source link </a></p> ]]></content:encoded> <wfw:commentRss>https://nftaz.com/the-biggest-names-in-blockchain-in-2024-revealed/feed/</wfw:commentRss> <slash:comments>0</slash:comments> </item> <item> <title>Can the SAND Token Price Rally Be Sustained?</title> <link>https://nftaz.com/can-the-sand-token-price-rally-be-sustained/</link> <comments>https://nftaz.com/can-the-sand-token-price-rally-be-sustained/#respond</comments> <dc:creator><![CDATA[CryptoExpert]]></dc:creator> <pubDate>Sun, 24 Nov 2024 17:18:06 +0000</pubDate> <category><![CDATA[Market Analysis]]></category> <guid isPermaLink="false">https://nftaz.com/can-the-sand-token-price-rally-be-sustained/</guid> <description><![CDATA[[ad_1] SAND, the token powering the metaverse platform The Sandbox, has seen a meteoric rise, surging 55% in the past 24 hours. This performance far outpaces leading assets like Bitcoin and Ethereum, which each gained <a class="mh-excerpt-more" href="https://nftaz.com/can-the-sand-token-price-rally-be-sustained/" title="Can the SAND Token Price Rally Be Sustained?">[...]</a>]]></description> <content:encoded><![CDATA[<p> [ad_1]<br /> </p> <div> <p>SAND, the token powering the metaverse platform The Sandbox, has seen a meteoric rise, surging 55% in the past 24 hours. This performance far outpaces leading assets like Bitcoin and Ethereum, which each gained just 1% during the same period. SAND’s trading volume has also skyrocketed, surpassing $1.91 billion — a climb of over 500% in 24 hours.</p> <p>On-chain data has shown a significant increase in daily SAND transactions and a decrease in selling pressure. These factors suggest the potential for a sustained rally. </p> <h2 class="bic-gutenberg-heading wp-heading wp-block-heading" id="h-the-sandbox-holders-adopt-a-bullish-approach">The Sandbox Holders Adopt a Bullish Approach</h2> <p>According to CryptoQuant’s data, the daily count of SAND transactions has rocketed over the past few days. For context, on November 23, 2,940 transactions involving SAND were completed, representing the highest count over the past seven days. </p> <p>This is a bullish signal for the metaverse-based token because a surge in an asset’s transaction count indicates increased activity and interest. It signals higher demand and participation by market participants. Also, it suggests growing confidence in SAND’s price, potentially driving it further upward.</p> <figure class="wp-block-image size-full"><img decoding="async" width="4000" height="2250" alt="SAND Transaction Count" class="wp-image-613378 lazy" srcset="https://beincrypto.com/wp-content/uploads/2024/11/The-Sandbox-Transaction-Count-Total.png.webp 4000w, https://beincrypto.com/wp-content/uploads/2024/11/The-Sandbox-Transaction-Count-Total-360x203.png.webp 360w, https://beincrypto.com/wp-content/uploads/2024/11/The-Sandbox-Transaction-Count-Total-850x478.png.webp 850w, https://beincrypto.com/wp-content/uploads/2024/11/The-Sandbox-Transaction-Count-Total-768x432.png.webp 768w, https://beincrypto.com/wp-content/uploads/2024/11/The-Sandbox-Transaction-Count-Total-1536x864.png.webp 1536w, https://beincrypto.com/wp-content/uploads/2024/11/The-Sandbox-Transaction-Count-Total-2048x1152.png.webp 2048w, https://beincrypto.com/wp-content/uploads/2024/11/The-Sandbox-Transaction-Count-Total-150x84.png.webp 150w" sizes="auto, (max-width: 4000px) 100vw, 4000px" loading="lazy" src="https://beincrypto.com/wp-content/uploads/2024/11/The-Sandbox-Transaction-Count-Total.png.webp"/><figcaption class="wp-element-caption">SAND Transaction Count. Source: CryptoQuant</figcaption></figure> <p>Additionally, a notable increase in exchange withdrawals for SAND has been observed. Per CryptoQuant’s data, the token’s exchange withdrawal transactions currently total 877, its single-day highest since June 2023. </p> <p>The exchange withdrawing transaction metric tracks the number of cryptocurrency withdrawals from exchanges. A spike in this metric indicates that investors are moving their assets off exchanges. This is a bullish signal, suggesting increased confidence and a potential long-term holding trend.</p> <figure class="wp-block-image size-full is-resized"><img decoding="async" width="4000" height="2250" alt="SAND Exchange Withdrawing Transactions" class="wp-image-613379 lazy" style="aspect-ratio:1.7782426778242677;width:1024px;height:auto" srcset="https://beincrypto.com/wp-content/uploads/2024/11/The-Sandbox-Exchange-Withdrawing-Transactions-All-Exchanges.png.webp 4000w, https://beincrypto.com/wp-content/uploads/2024/11/The-Sandbox-Exchange-Withdrawing-Transactions-All-Exchanges-360x203.png.webp 360w, https://beincrypto.com/wp-content/uploads/2024/11/The-Sandbox-Exchange-Withdrawing-Transactions-All-Exchanges-850x478.png.webp 850w, https://beincrypto.com/wp-content/uploads/2024/11/The-Sandbox-Exchange-Withdrawing-Transactions-All-Exchanges-768x432.png.webp 768w, https://beincrypto.com/wp-content/uploads/2024/11/The-Sandbox-Exchange-Withdrawing-Transactions-All-Exchanges-1536x864.png.webp 1536w, https://beincrypto.com/wp-content/uploads/2024/11/The-Sandbox-Exchange-Withdrawing-Transactions-All-Exchanges-2048x1152.png.webp 2048w, https://beincrypto.com/wp-content/uploads/2024/11/The-Sandbox-Exchange-Withdrawing-Transactions-All-Exchanges-150x84.png.webp 150w" sizes="auto, (max-width: 4000px) 100vw, 4000px" loading="lazy" src="https://beincrypto.com/wp-content/uploads/2024/11/The-Sandbox-Exchange-Withdrawing-Transactions-All-Exchanges.png.webp"/><figcaption class="wp-element-caption">SAND Exchange Withdrawing Transactions. Source: CryptoQuant</figcaption></figure> <h2 class="bic-gutenberg-heading wp-heading wp-block-heading" id="h-sand-price-prediction-rally-above-0-66">SAND Price Prediction: Rally Above $0.66?</h2> <p>On the daily chart, SAND is trading at $0.61, a level last seen in April. Its price currently sits below the resistance at its cycle peak of $0.66. If bullish momentum strengthens, SAND could rally toward this peak and reclaim it.</p> <figure class="wp-block-image size-full"><img decoding="async" loading="lazy" width="2770" height="1364" alt="SAND Price Analysis" class="wp-image-613380 lazy" srcset="https://beincrypto.com/wp-content/uploads/2024/11/SANDUSDT_2024-11-24_12-07-07.png.webp 2770w, https://beincrypto.com/wp-content/uploads/2024/11/SANDUSDT_2024-11-24_12-07-07-360x177.png.webp 360w, https://beincrypto.com/wp-content/uploads/2024/11/SANDUSDT_2024-11-24_12-07-07-850x419.png.webp 850w, https://beincrypto.com/wp-content/uploads/2024/11/SANDUSDT_2024-11-24_12-07-07-768x378.png.webp 768w, https://beincrypto.com/wp-content/uploads/2024/11/SANDUSDT_2024-11-24_12-07-07-1536x756.png.webp 1536w, https://beincrypto.com/wp-content/uploads/2024/11/SANDUSDT_2024-11-24_12-07-07-2048x1008.png.webp 2048w, https://beincrypto.com/wp-content/uploads/2024/11/SANDUSDT_2024-11-24_12-07-07-150x74.png.webp 150w" sizes="auto, (max-width: 2770px) 100vw, 2770px" src="https://beincrypto.com/wp-content/uploads/2024/11/SANDUSDT_2024-11-24_12-07-07.png.webp"/><figcaption class="wp-element-caption">SAND Price Analysis. Source: TradingView</figcaption></figure> <p>Conversely, if bullish sentiment wanes and selling pressure strengthens, the SAND token price may plunge toward support at $0.56, invalidating this bullish outlook.</p> <div id="bic-c-disclimer-186b3dd4-3a57-488c-a365-ccd7cc808ef0" class="p-5 mt-6 rounded-lg border border-grey-200 "> <div class="text-grey-700 [&_p:not(.dh)]:!p4 [&_p:not(.dh)]:!p4--ns [&_p:not(.dh)]:!mb-0"> <p class="h8 h8--normal-case mb-3 text-blue-600 unstyled-content-p dh">Disclaimer</p> <p>In line with the Trust Project guidelines, this price analysis article is for informational purposes only and should not be considered financial or investment advice. BeInCrypto is committed to accurate, unbiased reporting, but market conditions are subject to change without notice. Always conduct your own research and consult with a professional before making any financial decisions. Please note that our Terms and Conditions, Privacy Policy, and Disclaimers have been updated.</p> </div> </div></div> <p>[ad_2]<br /> <br /><a href="https://beincrypto.com/sand-token-price-rockets/">Source link </a></p> ]]></content:encoded> <wfw:commentRss>https://nftaz.com/can-the-sand-token-price-rally-be-sustained/feed/</wfw:commentRss> <slash:comments>0</slash:comments> </item> <item> <title>Cboe to launch first cash-settled Bitcoin index options</title> <link>https://nftaz.com/cboe-to-launch-first-cash-settled-bitcoin-index-options/</link> <comments>https://nftaz.com/cboe-to-launch-first-cash-settled-bitcoin-index-options/#respond</comments> <dc:creator><![CDATA[CryptoExpert]]></dc:creator> <pubDate>Sat, 23 Nov 2024 17:16:13 +0000</pubDate> <category><![CDATA[Market Analysis]]></category> <guid isPermaLink="false">https://nftaz.com/cboe-to-launch-first-cash-settled-bitcoin-index-options/</guid> <description><![CDATA[[ad_1] Cboe to launch cash-settled Bitcoin index options based on the CBTX index on Dec 2. The options will offer indirect exposure to Bitcoin via US spot Bitcoin ETFs. Mini options and customizable FLEX options <a class="mh-excerpt-more" href="https://nftaz.com/cboe-to-launch-first-cash-settled-bitcoin-index-options/" title="Cboe to launch first cash-settled Bitcoin index options">[...]</a>]]></description> <content:encoded><![CDATA[<p> [ad_1]<br /> </p> <div data-site="CoinJournal"> <div class="post-article-image -mt-24 mb-8 lg:-mt-32 rounded overflow-hidden" data-site="CoinJournal"> <p> <img decoding="async" src="https://coinjournal.net/wp-content/uploads/2023/03/shutterstock_1091206745.jpg" alt="Cboe to launch first cash-settled Bitcoin index options" width="100%" height="100%"/> </div> <p>Cboe to launch cash-settled Bitcoin index options based on the CBTX index on Dec 2.<br /> The options will offer indirect exposure to Bitcoin via US spot Bitcoin ETFs.<br /> Mini options and customizable FLEX options will also be available at launch.</p> <p>Cboe Global Markets, a leader in the derivatives and securities exchange network, has announced plans to launch the first cash-settled index options tied to the price of spot Bitcoin.</p> <p>The new offering, set to go live on December 2, 2024, will be based on the Cboe Bitcoin US ETF Index (CBTX), marking a significant development in the world of cryptocurrency derivatives.</p> <p>The CBTX index, a modified market cap-weighted benchmark developed by Cboe Labs and Cboe Global Indices, is designed to track the performance of a basket of Bitcoin exchange-traded funds (ETFs) listed on US exchanges. The index aims to offer indirect exposure to spot Bitcoin by reflecting the performance of these ETFs, providing investors with a way to gain exposure to Bitcoin’s price movements without directly holding the asset.</p> <p>The upcoming options will be listed exclusively on the Cboe Options Exchange, regulated by the US Securities and Exchange Commission (SEC), and will be cash-settled at expiration. This means that positions will be closed in cash rather than requiring physical delivery of Bitcoin ETFs, simplifying the process for traders.</p> <p>In addition, these options will feature European-style exercise, meaning they can only be exercised on the expiration date, eliminating the risk of early assignment.</p> <p>To further broaden market access, Cboe will also offer mini options (MBTX) at launch. These options will be one-tenth the notional value of the standard options, offering greater flexibility for smaller portfolios and more granular risk management.</p> <p>Additionally, Cboe plans to introduce cash-settled FLEX options for both CBTX and MBTX, allowing traders to customize key contract terms, such as exercise price, style, and expiration date.</p> <p>Rob Hocking, Global Head of Product Innovation at Cboe, highlighted that the new options products are designed to meet the growing demand for efficient exposure to Bitcoin.</p> <p>The launch aligns with Cboe’s broader digital assets strategy, which includes Bitcoin and Ether futures, and aims to provide both institutional and retail investors with innovative tools to capitalize on or hedge against Bitcoin price movements.</p> <p>This move underscores Cboe’s commitment to expanding its crypto derivatives offerings and strengthening its position as a leading venue for crypto-related trading products.</p> <div class="post-meta"> <p> Share this articleCategoriesTags </p></div> </p></div> <p>[ad_2]<br /> <br /><a href="https://coinjournal.net/news/cboe-to-launch-first-cash-settled-bitcoin-index-options/">Source link </a></p> ]]></content:encoded> <wfw:commentRss>https://nftaz.com/cboe-to-launch-first-cash-settled-bitcoin-index-options/feed/</wfw:commentRss> <slash:comments>0</slash:comments> </item> <item> <title>XRP jumps 25% as SEC may not pursue appeal after Gensler’s departure</title> <link>https://nftaz.com/xrp-jumps-25-as-sec-may-not-pursue-appeal-after-genslers-departure/</link> <comments>https://nftaz.com/xrp-jumps-25-as-sec-may-not-pursue-appeal-after-genslers-departure/#respond</comments> <dc:creator><![CDATA[CryptoExpert]]></dc:creator> <pubDate>Fri, 22 Nov 2024 17:24:44 +0000</pubDate> <category><![CDATA[Market Analysis]]></category> <guid isPermaLink="false">https://nftaz.com/xrp-jumps-25-as-sec-may-not-pursue-appeal-after-genslers-departure/</guid> <description><![CDATA[[ad_1] Key Takeaways XRP’s price surged 25% amid speculation of reduced SEC enforcement post-Gensler. Pantera anticipates fewer SEC lawsuits and possible dismissals after Gensler’s departure. Share this article Ripple’s XRP token rose by 25% on <a class="mh-excerpt-more" href="https://nftaz.com/xrp-jumps-25-as-sec-may-not-pursue-appeal-after-genslers-departure/" title="XRP jumps 25% as SEC may not pursue appeal after Gensler’s departure">[...]</a>]]></description> <content:encoded><![CDATA[<p> [ad_1]<br /> </p> <div id=""> <h3>Key Takeaways</h3> <p> XRP’s price surged 25% amid speculation of reduced SEC enforcement post-Gensler.<br /> Pantera anticipates fewer SEC lawsuits and possible dismissals after Gensler’s departure.</p> <p>Share this article</p> <div class="social-icons"> <p> <img decoding="async" src="https://static.cryptobriefing.com/wp-content/uploads/2024/04/05153217/follow-us-on-google-news.png" alt="Follow on Google News" width="140" height="41"/></p></div> <p>Ripple’s XRP token rose by 25% on Friday to above $1.4, maintaining its upward trajectory after SEC Chair Gary Gensler announced his term will officially conclude on January 20. Gensler’s exit could prompt the agency to reassess its approach to current litigation, possibly leading to a decision against pursuing its appeal in the SEC vs. Ripple lawsuit.</p> <figure><img decoding="async" src="data:image/svg+xml,%3Csvg%20xmlns=" http:="" data-lazy-src="https://static.cryptobriefing.com/wp-content/uploads/2024/11/22004610/Screenshot-2024-11-22-124553.png"/><figcaption>Source: CoinGecko</figcaption></figure> <p>Consensys CEO Joe Lubin expects a favorable legal environment for digital assets under Trump’s presidency. He suggests ongoing SEC cases against crypto companies may be “dismissed or settled.”</p> <p>Pantera’s legal boss Katrina Paglia anticipates fewer actions and potential dismissals following the departure of Gensler. Many SEC lawsuits against crypto companies are expected to decrease or settle without major admissions of guilt post-Gensler.</p> <p>New leadership may lead to the SEC coming to an agreement with Ripple rather than continuing its lengthy litigation process. Although financial penalties may be involved in a settlement, Ripple would be able to continue its operations without the burden of ongoing litigation.</p> <p>XRP has skyrocketed 138% this year, dwarfing Ethereum’s performance and closing in on Bitcoin’s year-to-date gains, according to data from CoinGecko.</p> <p>The sixth-largest cryptocurrency by market capitalization has experienced a period of stagnation since last year’s market recovery, with prices hovering between $0.5 and $0.6, while most of the crypto market is on the rise.</p> <p>Just last week, XRP surpassed the $1 threshold, reaching its highest price in three years amid speculation about Gensler’s potential resignation and rumors of a meeting between Trump and Ripple’s CEO. The first has now been confirmed.</p> <p>XRP now eyes the $2 level, according to crypto analyst Ali Martinez. He believes Gensler’s departure from the SEC is “the best thing that could happen to Ripple.”</p> <blockquote class="twitter-tweet" data-width="500" data-dnt="true" wp_automatic_readability="5.1020408163265"> <p lang="en" dir="ltr">‘@GaryGensler leaving the @SECGov is the best thing that could happen to @Ripple. Now, $XRP targets $2! https://t.co/YEDiZtrnB1 pic.twitter.com/LLE4n0MC8z</p> <p>— Ali (@ali_charts) November 21, 2024</p> </blockquote> <h2>Prospective XRP ETFs</h2> <p>The potential approval of a spot XRP ETF in the US could act as a bullish driver for XRP’s price.</p> <p>Bitwise and Canary Capital are seeking SEC approval for their respective spot XRP ETFs. These proposed ETFs are currently on hold due to ongoing legal disputes over XRP’s status as a security.</p> <p>On Thursday, asset manager WisdomTree announced the launch of a physical XRP ETP in Europe.</p> <p>The fund, also known as WisdomTree Physical XRP ETP (XRPW), aims to provide investors with exposure to the spot price of XRP.</p> <p>WisdomTree claims that this product is the lowest-cost XRP ETP available in Europe and is fully backed by the underlying asset, securely stored in cold storage.</p> <p>With this launch in Europe, many members of the crypto community are optimistic that similar XRP ETF products will soon debut in the U.S.</p> <p>Share this article</p> <div class="social-icons"> <p> <img decoding="async" src="https://static.cryptobriefing.com/wp-content/uploads/2024/04/05153217/follow-us-on-google-news.png" alt="Follow on Google News" width="140" height="41"/></p></div> </p></div> <p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script><br /> <br />[ad_2]<br /> <br /><a href="https://cryptobriefing.com/xrp-legal-shift-sec-appeal/">Source link </a></p> ]]></content:encoded> <wfw:commentRss>https://nftaz.com/xrp-jumps-25-as-sec-may-not-pursue-appeal-after-genslers-departure/feed/</wfw:commentRss> <slash:comments>0</slash:comments> </item> <item> <title>3 altcoins that could go ballistic if Bitcoin (BTC) crosses $120,000 mark</title> <link>https://nftaz.com/3-altcoins-that-could-go-ballistic-if-bitcoin-btc-crosses-120000-mark/</link> <comments>https://nftaz.com/3-altcoins-that-could-go-ballistic-if-bitcoin-btc-crosses-120000-mark/#respond</comments> <dc:creator><![CDATA[CryptoExpert]]></dc:creator> <pubDate>Fri, 22 Nov 2024 16:56:08 +0000</pubDate> <category><![CDATA[Market Analysis]]></category> <guid isPermaLink="false">https://nftaz.com/3-altcoins-that-could-go-ballistic-if-bitcoin-btc-crosses-120000-mark/</guid> <description><![CDATA[[ad_1] Some altcoins are setting themselves up to profit from the positive wave as the crypto market prepares for Bitcoin’s possible breakout above the $120,000 mark. Rexas Finance (RXS), SUI, and Solana (SOL) are being <a class="mh-excerpt-more" href="https://nftaz.com/3-altcoins-that-could-go-ballistic-if-bitcoin-btc-crosses-120000-mark/" title="3 altcoins that could go ballistic if Bitcoin (BTC) crosses $120,000 mark">[...]</a>]]></description> <content:encoded><![CDATA[<p> [ad_1]<br /> </p> <div data-site="CoinJournal"> <div class="post-article-image -mt-24 mb-8 lg:-mt-32 rounded overflow-hidden" data-site="CoinJournal"> <p> <img decoding="async" src="https://coinjournal.net/wp-content/uploads/2024/11/ballastic.jpg" alt="" width="100%" height="100%"/> </div> <p><span style="font-weight: 400;">Some altcoins are setting themselves up to profit from the positive wave as the crypto market prepares for Bitcoin’s possible breakout above the $120,000 mark. Rexas Finance (RXS), SUI, and Solana (SOL) are being hailed by some industry insiders as particularly outstanding performers and ready to go ballistic during the anticipated Bitcoin rally.</span></p> <h2>Rexas Finance (RXS): The future of real-world asset tokenization</h2> <p><span style="font-weight: 400;">Rexas Finance</span><span style="font-weight: 400;"> provides creative ideas for real-world asset (RWA) tokenization. By letting users tokenize real estate, artwork, and other highly valuable assets, Rexas Finance is changing the crypto scene. The initiative has enormous market potential since the real estate sector alone is valued at around $379.7 trillion. </span></p> <p><span style="font-weight: 400;">Rexas Finance attracts retail and institutional investors by lowering transaction costs, improving liquidity, and raising transparency. Rexas Finance, in Stage 6 of its presale, has raised $9.5 million with 166 million tokens sold as of writing, indicating 81.74% completion. In this stage, the token price is $0.080; from its initial $0.03 price two months ago, this shows an impressive 166% increase. </span></p> <p><span style="font-weight: 400;">It will list on three tier-1 exchanges at $0.20 post-presale, providing a wider global reach and more potential for gains. Rexas Finance recently received a Certik audit, which is a sign of security and trustworthiness in blockchain initiatives, improving investor confidence. Furthermore, its inclusion on CoinGecko and CoinMarketCap improves visibility and accessibility. </span></p> <p><span style="font-weight: 400;">The ongoing $1 million giveaway, which offers 20 winners $50,000 in RXS apiece, has piqued investor interest. Based on projections for RXS, price appreciation seems to be strong as adoption rises. Some analysts believe Rexas Finance, with features such as AI integration, DeFi utilities, and yield optimization, could be poised to go ballistic if Bitcoin rallies above $120,000.</span></p> <h2>SUI: Consistently Hitting new all-time highs</h2> <p><span style="font-weight: 400;">Rising 105% in the past two weeks, SUI is among the top-performing altcoins in the current bull run. As of writing, SUI trades at $3.72, just below its all-time high of $3.94, which it attained last weekend. </span></p> <p><span style="font-weight: 400;">Reflecting increased investor demand and confidence, its Open Interest (OI) has lately topped $826 million. The Chaikin Money Flow (CMF) indicator of the token indicates significant inflows, highlighting its positive trend. With a constant tendency to new all-time highs, SUI’s upward trajectory exactly matches market expectations of a possible surge. Driven by its excellent foundations and growing market visibility, SUI is expected to rise sharply if Bitcoin crosses $120,000.</span></p> <h2>Solana (SOL): Poised for a new all-time high?</h2> <p><span style="font-weight: 400;">Riding a surge of positive momentum, Solana broke past the $240 barrier twice in the current bull run. SOL trading at $246.89 as of writing has increased 59.9% over the past month. With analysts predicting a surge to $600 or more, its market capitalization of $115 billion ranks it among the top four leading cryptocurrencies, recently flipping Binance Coin.</span></p> <p><span style="font-weight: 400;">Technical indicators supporting this optimistic view include a declining triangle breakout and a cup-and-handle pattern. Solana-based decentralized exchanges (DEXs), which account for 33.59% of DEX trade activity as of November, support its bullishness even more. So, Solana might see significant inflows if Bitcoin crosses the $120,000 mark, increasing its price to new highs.</span></p> <h2>Conclusion</h2> <p><span style="font-weight: 400;">Rexas Finance, SUI, and Solana could be ready to go ballistic if Bitcoin surges past $120,000. Each altcoin has unique qualities and solid foundations that guarantee a place of strength in the next positive market phase. Although SUI and Solana present interesting development chances, Rexas Finance distinguishes itself with its innovative RWA tokenizing, unparalleled presale expansion, and rich possibilities.</span></p> <p>For more information about Rexas Finance (RXS) visit the links below:</p> <p>Website: https://rexas.com</p> <p>Win $1 Million Giveaway: https://bit.ly/Rexas1M</p> <p>Whitepaper: https://rexas.com/rexas-whitepaper.pdf</p> <p>Twitter/X: https://x.com/rexasfinance</p> <p>Telegram: https://t.me/rexasfinance</p> <div class="post-meta"> <p> Share this articleCategoriesTags </p></div> </p></div> <p>[ad_2]<br /> <br /><a href="https://coinjournal.net/news/3-altcoins-that-could-go-ballistic-if-bitcoin-btc-crosses-120000-mark/">Source link </a></p> ]]></content:encoded> <wfw:commentRss>https://nftaz.com/3-altcoins-that-could-go-ballistic-if-bitcoin-btc-crosses-120000-mark/feed/</wfw:commentRss> <slash:comments>0</slash:comments> </item> </channel> </rss>