Transaction URL: https://bithomp.com/explorer/560ED2D900BFBDBFD3872CE544076AD288D6E757DF5FD55B7AB7B14CB04C6DEB
- Crunch
- Global
This is the second article in a series deep diving into individual covenant proposals that have reached a point of maturity meriting an in-depth breakdown.
CHECKSIGFROMSTACK (CSFS), put forward by Brandon Black and Jeremy Rubin with BIP 348, is not a covenant. As I said in the introductory article to this series, some of the proposals I would be covering are not covenants, but synergize or interrelate with them in some way. CSFS is the first example of that.
CSFS is a very simple opcode, but before we go through how it works let’s look at the basics of how a Bitcoin script actually works.
Script is a stack based language. That means that data is “stacked” together on top of…
Read more on BitcoinMagazine
Bitcoin has seen an institutional capital influx on a scale previously unfathomable. Billions of dollars are flowing into Bitcoin ETFs, reshaping the liquidity landscape, inflow-outflow dynamics, and investor psychology. While many interpret this movement as smart money executing complex strategies backed by proprietary analytics, a surprising reality surfaces: outperforming the institutions might not be as difficult as it seems.
For a more in-depth look into this topic, check out a recent YouTube video here:Outperforming Bitcoin – Invest Like Institutions
Canary In The Bitcoin Coal Mine
One of the most revealing datasets available today is daily Bitcoin ETF flow data. These…
Read more on BitcoinMagazine
This is a segment from the Lightspeed newsletter. To read full editions, subscribe.
It’s been three weeks since Solana’s validators failed to pass SIMD-0228, a governance proposal that aimed to shift Solana’s issuance to a market-based mechanism and reduce inflation in the process. But while validators — who earn their keep partly from Solana inflation — voted the measure down, issuance still doesn’t feel like a settled question.
With the implementation of SIMD-0096, which got rid of Solana’s priority fee “burn,” the network also lost a disinflationary mechanism, and many ecosystem participants feel that the network is “overpaying” for economic security…
Read more on Blockworks
Arthur Hayes co-founder of BitMEX sees upcoming US tariffs as a boon for Bitcoin predicting a strong rally amid global economic recalibrations. On April 3 Hayes shared his thoughts stating that disruptions from President Trump’s new 10% tariffs effective April 5 could realign economic imbalances favorably affecting Bitcoin’s value. He highlighted the likelihood of global investors pulling out from the US markets leading to a weaker dollar and stronger Bitcoin and gold prices.
Hayes underscored several factors that could fuel Bitcoin’s surge including the expected weakening of the yuan due to stiff tariffs on China. He suggests that these financial pressures may drive Chinese investors toward Bitcoin as a method to safeguard their wealth. Further supporting Bitcoin’s potential climb is the anticipated US Federal Reserve’s response to cut rates and possibly reintroduce quantitative easing to mitigate tariff impacts.
Experts like Jeff Park from Bitwise Invest align with Hayes’ outlook suggesting that weaker US rates and a depreciating dollar could send risk assets including cryptocurrencies skyward. Parks advises keeping a close watch as these economic dynamics unfold potentially catapulting Bitcoin to new heights.
Bitwise has introduced three new ETFs that provide yield-seeking investors with exposure to leading Bitcoin treasury companies, using a covered call strategy designed to capitalize on equity volatility while preserving Bitcoin-linked upside.
The funds include:
$IMST, tracking Strategy (formerly MicroStrategy, ticker: MSTR), which currently holds 528,185 BTC. $IMRA, focused on MARA Holdings (MARA), a top-tier Bitcoin miner with 47,600 BTC in treasury. $ICOI, offering exposure to Coinbase (COIN), which holds 9,480 BTC and serves as a key on-ramp for institutional and retail Bitcoin adoption.
Each ETF employs an actively managed options overlay, writing out-of-the-money calls on the…
Read more on BitcoinMagazine
Coinbase Derivatives has taken a significant step by filing with the US Commodity Futures Trading Commission to launch futures contracts for Ripple’s XRP token. Scheduled to start trading on April 21 the futures are designed to be a regulated cost-effective way for investors to engage with one of the most liquid digital currencies. Each contract representing 10,000 XRP will be cash-settled and based on the token’s price in US dollars.
Expanding their futures offerings the move is aligned with Coinbase’s strategy to bridge the gap between cryptocurrency and traditional futures markets. Following the successful introduction of Solana and Hedera futures Coinbase’s addition of XRP contracts underscores their commitment to providing comprehensive trading solutions on a regulated platform.
The new futures will be offered alongside existing products on several of the world’s top crypto exchanges. Although not the first in the US to offer XRP futures with Chicago-based Bitnomial leading the charge last month Coinbase has engaged with Futures Commission Merchants and market players who have shown support for this innovative financial instrument.
