Author: Scott Dawson

Global hedge fund Millennium Management has revealed stakes of $1.94 billion spread across five different spots Bitcoin ETF products. Global hedge fund Millennium Management revealed its holdings. The value of Holding was close to $2 billion. The assets were exchange-traded funds (ETFs) with spot Bitcoin assets. The first quarter of this year was the subject of this revelation. Millennium’s 13F filing with the SEC reports holdings of $1.94 billion. Five major spot Bitcoin ETFs received a part of the holdings. On March 31, Millennium took a snapshot of these holdings. The hedge fund spread its investments over several different spot…

Neuner’s top crypto picks: XRP, TON, and a mystery gem, revealed in a recent CNBC post. Neuner highlights Solana, Arweave, and TON, showcasing their unique features and market potential. Gain insights into Neuner’s choices amid diverse preferences in the crypto community. Neuner’s Crypto Picks Unveiled Neuner most likely chose Solana because of its strong following in the meme world and its promising future in the DeFi industry. Solana is famous for its quick and affordable transactions. It makes it perfect for developing scalable applications. Its reliability is something the network seldom experiences offline. This further increases its appeal as an…

Bitcoin volatility seems to be low before a major bull run. Trends suggest a Bitcoin price prediction of $100,000 to $150,000. Bitcoin‘s instability shows a major drop when compared to market-leading tech companies like Tesla, Meta, and Nvidia. This indication hints to investors that Bitcoin is becoming a more stable and mature asset. Bitcoin Leads Over Several S&P 500 Stocks As of today, Bitcoin’s one year realized instability, reflecting the standard deviation of returns from the mean market return, stands at almost 44.88%. When comparing it to other tech companies like Tesla, Meta, and Nvidia, their market volatility rates exceed.…

During a sentence of 25 years, Sams Bankman Fried (SBF) gave his first interview, saying he’s gotten “good at faking” that he’s doing well. After getting a 25-year jail sentence for fraud, Sam Banksman Fried remains steadfast in his assertion of innocence. As he prepared for appeal, he turned out to be trading in commodities, especially bags of rice. Bankman Fried was kept in Brooklyn’s Metropolitan Detention Center (MDC) in August 2023. During his first chat with Puck News, William Cohan, in an interview published on May 9, Bankman‘s mother shows her involvement in organizing this interview. The primary diet…

Solana faces a decline of 5% in its price; if the Solana price recovers quickly, it may result in liquidating the $125 million short position. A growing concern about FTX selling off caused Solana to face a drop of 5% in its price. The current trader’s position indicates a $125 million loss if Solana bounces back to its previous price. CoinGlass data indicates that the price of Sol dropped by 40% in open interest over the last 30 days, reaching $1.78 billion on May 9. The sharp decline in open interest indicates that traders are not sure about this token.…

JPMorgan criticized the public Blockchain ledger, but traditional financial institutions still use it for tokenizing real-world assets. Public Blockchains are not capable of executing large amounts of transactions, as said by JPMorgan. In a summit held on May 7, the CEO of JPMorgan’s Onyx, Umer Farooq, said  “I think you almost need something like [a Unified Ledger]. I mean, it’s actually almost a necessity because if you look at […] public blockchain ledgers, they are not fit for purpose for large transactions today.” Umer Farooq passed this comment while responding to Unified Ledger. During the last year, the Bank of…

The Nigerian government is about to make some amendments regarding peer-to-peer crypto trading in Nigeria.  The government of Nigeria is about to take bold steps by putting a ban on the peer-to-peer exchange of cryptocurrency. After this ban, local traders are not allowed to exchange crypto through the Nigerian local currency, the naira. A report shared by Bloomberg on May 7 stated that Nigeria‘s Security and Exchange Commission (SEC) is making some amendments for crypto exchanges, custodians, and other industry firms in the coming days. As stated by SEC Director General Emomotimi Agama, Nigeria is about to delist its local…

The Philippine SEC securities regulator intends to establish regulations about cryptocurrencies and trading by the end of 2024. According to a Monday report from Business World Online, SEC Chair Emilio Aquino stated last week that the framework will be available by the second half of this year. The new cryptocurrency regulations focus on investor safety by regulating trading in the Philippines. This is consistent with the SEC’s efforts to regulate unregistered platforms. The Philippine Apple and Google app stores have apps related to Binance, which the SEC wanted to remove last month. “The SEC has identified [Binance] and concluded that…

LayerZero Labs came up with a solution to handle Sybil activities, which is commonly known as “airdrop farming.”. The developer of the cross-chain communication protocol introduced a self-reporting mechanism. This mechanism allows Sybil users to allocate 15% of their tokens for honesty in a given timeframe of 14 days. LayerZero will impose penalties on those who fail to self-report by May 17th. According to a post shared on X by LayerZero on May 3, the developer believes that it is better to distribute tokens among genuine users committed to the network. Distributing tokens to individuals involved in Sybil farming is…

More money infused Grayscale Investment’s GBTC for the first time in a while. This occurred following a loss of more than $17.5 billion since the launch of Bitcoin ETFs in January. Grayscale, for the first time, saw an increase in the amount of money entering  Grayscale Bitcoin Trust (GBTC). This was the result of money leaving the account for four months after it became a Bitcoin exchange-traded fund (ETF) in January. According to Farside preliminary data, Grayscale’s GBTC got $63 million in money coming in on May 3. This happened after losing about $17.5 billion since January 11, when Bitcoin…