Although regulators around the world have banned Polymarket on the grounds that it is a gambling platform, lawyer Aaron Brogan has good reason to argue that it is not a gambling platform. Aaron Brogan, a New York-based cryptocurrency lawyer, argues that on the surface, prediction markets are just an online version of gambling, which is not true. "If you are a state-licensed gambling product...
Despite the strengthening of the dollar and real interest rates in early January, gold futures buying is still accelerating. Click to view...
Although the Federal Reserve's monetary policy statement may not change much, Powell's press conference will set the tone for the coming months
Although El Salvador previously reached an agreement with international monetary funds to roll back some of the country's crypto policies, the country still bought 12 bitcoins as its reserves in the past day. In an X post on January 19, the country's national bitcoin office said it bought 11 more bitcoins worth more than $1 million. Meanwhile, it also bought 1 bitcoin on January 20 for $106,000.
According to Kaiko, although South Korean traders have traditionally preferred counterfeit products (which account for about 80% of the market share in the local platform), bitcoin has attracted a lot of safe-haven inflows during the recent political turmoil. On Upbit and Bithumb, the cumulative volume increment (CVD) of the BTC won trading pair has shown a significant increase.
Although the US PPI rose less than expected in December, inflation anxiety still hung over the market, and the 30-year US Treasury yield hit a new recent high above 5% on Tuesday. The 30-year yield broke through 5% for the second time since Friday, and the 10-year yield rose to 4.81%, both hitting their highest levels since November 2023. US bond yields have continued to rise in recent weeks, as the market fears that stubborn inflation may prompt the Federal Reserve to stop cutting interest rate...
Trader Eugene Ng Ah Sio wrote: "Although I am generally bearish, I think the price of some tokens has fallen to a level where any form of mean reversion could lead to a sharp price rally. I have started to buy these tokens in small quantities."
In its market analysis, 10x Research notes that while some initial enthusiasm is expected at the start of the new year, this is not the time to experience bullish sentiment similar to those seen in late January to March or late September to mid-December 2024. Expect a good start to the year, followed by a slight pullback before the release of CPI data on January 15. Favorable inflation data could rekindle optimism,...
Musk's announcement that he is about to make changes to the X algorithm to prioritize the promotion of content that is considered informative or educational has met with widespread opposition. Musk said the planned changes were in response to "too much negative news" on X. "Our goal is to maximize usage time that users don't regret," he wrote in a January 3 post from social media. "Too much negative news is pushed, which technically increases usage time, but not usage time that users don't regre...
Chris Burniske, a partner at Placeholder, wrote on the X platform: "Although BTC is playing with fire, ETHBTC, SOLETH and SOLBTC are still performing well. This makes me think it is not a sign of weakening market risk appetite, but more likely due to liquidity factors at the end of the year, people are sorting out their books for 2024."
Greeks.live analyst Adam wrote that although the European and American markets entered the Christmas holiday, the crypto market rose significantly driven by Bitcoin. Due to the poor market liquidity between the Christmas holiday and the end of the year, price fluctuations require less motivation. In terms of options, short-term implied volatility (IV) has declined from the previous day, and market makers are moving towards the end of the year. IV is expected to remain stable before the end of th...
Although the market is not optimistic that the European Central Bank will cut interest rates significantly tonight, they generally predict that the central bank will become more dovish in the future.
Daniel Cheung, co-founder of Syncracy Capital, pointed out that despite the recent gains, the Crypto x AI sector currently accounts for only about 1% of the total crypto market capitalization. As the market cycle progresses, leading AI infrastructure, AI agent platforms, and AI agents are likely to outperform, and the sector's market capitalization is expected to grow by a factor of 10.
In a social media post, Ripple said: "Despite some speculation, RLUSD will not be launching today. Final approval is ongoing in sync with the New York Department of Financial Services (NYDFS) and will share updates as soon as possible. The team is fully committed to launching products under NYDFS oversight and upholding the highest regulatory standards." Fox Business Correspondent Eleanor Terrett said that two sources close to the program said today was originally the expected release date, but ...
Faryar Shirzad, Coinbase's chief policy officer, said that while he could not predict who Mr. Trump would pick as SEC chairperson, the president-elect is "very good at picking people who share his vision and he has a very comprehensive platform on cryptocurrencies," adding: "I think it's good for America, for society and for people who own cryptocurrencies, as long as he picks someone who can drive change and shares his vision." (CNBC)