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This weekend I finally got around to watching Money Electric, the HBO documentary that “reveals” Bitcoin Core contributor Peter Todd as the true identity behind Satoshi Nakamoto. It’s three weeks old by now and already forgotten by the 24-hour social media cycle, but as someone who wrote a book on the origin story of Bitcoin I still felt I had to hear them out— perhaps just to comment on it in a Take. (As I am indeed doing…
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Are we really about to see the takeoff of GameFi?
It might be slightly too early to tell — though I hosted an hour-long X Spaces the other week that ended up primarily focusing on gaming — but I gotta say it looks far more promising this cycle when compared to the last time around.
We’ve previously written about Off the Grid, but I want to zoom out and look at GameFi as a whole. Right now, the sector is facing a “pivotal phase of expansion,” according to a report from Nansen and Slice Analytics.
I caught up with Slice co-founder Tim Conrad on gaming, given the attention bump it…
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We can’t transcend politics ‘because we have bitcoin now, bro’. Sometimes I see this kind of t-shirt or sentiment being shared online, but it’s simply misguided.
Just to prove I’m not strawmanning, here’s another similar example:
If you just mean “I’m not interested in politics” or you don’t like one particular party’s politics, that’s one thing, but it’s still not sufficient to secure your own liberty. As the…
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Hong Kong’s Securities and Futures Commission (SFC) anticipates licensing additional digital-asset exchanges by the end of 2024, signaling a strong commitment to establishing the city as a global hub for digital assets. This development follows a thorough five-month inspection of provisional platforms, according to SFC executive director Eric Yip during the annual Fintech Week.
The city, which pledged in 2022 to enhance its stature as a financial center, expects to publish a finalized list of exchanges transitioning from provisional to full licenses by year-end. “Applicants have embraced our feedback, demonstrating readiness to invest in robust regulatory practices for sustainable business growth,” Yip noted.
Further regulatory enhancements include the formation of a consultative panel by early 2025 to ensure ongoing cooperation between the licensed exchanges and the SFC. This initiative complements plans to refine regulations for crypto-focused trading desks and custodians, enhancing Hong Kong’s appeal as a secure and dynamic financial hub.
Metaplanet Inc. has significantly increased its Bitcoin holdings, showcasing a robust strategy in enhancing shareholder value through cryptocurrency assets. As of October 28, 2024, the company holds over 1 million Bitcoin, valued at approximately 9.622 billion yen, with a noteworthy average purchase price of about 9,450,746 yen per Bitcoin.
The acquisition strategy not only broadens Metaplanet’s asset base but also reflects positively on its market activities. The company’s aggressive purchase of 156.783 Bitcoin this October complements its earlier acquisitions, reflecting a steadfast belief in Bitcoin’s value as a long-term investment.
Capitalizing on favorable market conditions, Metaplanet’s Bitcoin yield has remarkably risen to 155.8% this quarter, compared to 41.7% in the previous quarter. This strategic accumulation aligns with its broader financial goals, fortifying its position in the cryptocurrency market and boosting investor confidence in its financial health and visionary approach.
Dog-themed cryptocurrencies Dogecoin and First Neiro On Ethereum, bounded together by a “familial” connection, led the meme coin rally Sunday.
What happened: NEIRO, named after the newly adopted Shiba Inu pup of the owner of Kabosu, which in turn was the inspiration for Dogecoin, pumped over 6% in the last 24 hours.
The Ethereum ETH/USD-based token recorded a 62% jump in trading volume over the last 24 hours.
Dogecoin, the biggest meme coin by market capitalization, rose just shy of 4%. It was the most traded meme token in the last 24 hours, with volumes hitting $1.35 billion.
CryptocurrencyGains +/-Price (Recorded at 11:30 p.m. EDT)First Neiro On Ethereum… Read more on Benzinga
The weekly net flow of U.S. Bitcoin ETFs for the period spanning October 21 to October 25, 2024, shows significant positive inflows across several prominent funds, indicating strong market activity. BlackRock’s Bitcoin ETF (Ticker: IBIT) recorded the highest increase, gaining 13,766 BTC, which highlights its robust market position. Similarly, Grayscale’s Bitcoin ETF (Ticker: GBTC) and Fidelity’s Bitcoin ETF (Ticker: FBTC) saw healthy increases of 549 BTC and 480 BTC, respectively.
Bitwise’s Bitcoin ETF (Ticker: BITB) and Invesco Galaxy’s Bitcoin ETF (Ticker: BTCO) also experienced positive movements, adding 251 BTC and 544 BTC, respectively. VanEck’s Bitcoin ETF (Ticker: HODL) further contributed with an increase of 198 BTC.
However, ARK’s Bitcoin ETF (Ticker: ARKB) bucked the trend with a substantial outflow of 1,992 BTC, indicating some shifts in investor sentiment or portfolio adjustments within that fund.
Overall, the total Bitcoin holdings for these ETFs rose to 967,330 BTC, marking a net weekly inflow of 13,866 BTC, valued at approximately $940.7 million. This robust influx reflects strong investor interest and confidence in the cryptocurrency market through ETF instruments during the week.
Disclaimer: Market capitalizations and data can vary in real-time. The information provided here is intended purely for educational purposes and should not, under any circumstances, be construed as financial advice.
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