Tag: opportunity

Is Buying FTT Now A Once-In-A-Life Opportunity For FTX Believers?

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FTT, the native token of the FTX ecosystem, rallied by 180% last week, emerging as one of the top performers. The rally, Kaiko, a blockchain analytics platform observes, was primarily due to comments by the stringent United States Securities and Exchange Commission (SEC) leader that the FTX 2.0 relaunch is possible.  FTT Soaring On Hopes Of FTX Relaunching In an X post on November 14, Kaiko also notes that related FTT trading volume soared, signaling possible accumulation by traders and believers of FTX. At spot rates, FTT trading volume, looking at how…

Sizing the Massive Spot Bitcoin ETF Opportunity

Another reason a U.S. spot bitcoin ETF is such a big deal is because of its advantages over other trading vehicles and the resulting increased likelihood of greater adoption. Relative to spot, futures, proxy stocks, OTC-traded trusts, and private funds, ETFs offer a unique and advantaged combination of fees/transaction costs, liquidity, tracking error, and operational complexity, not to mention alleviating the need to figure out custody. Source

Volatility Shares cancels ETH futures ETF launch, ‘didn’t see the opportunity at this point in time’

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Volatility Shares, a financial firm offering a range of exchange-traded fund (ETF) products, canceled its plans to launch an Ether (ETH) futures ETF on Oct. 2, citing changes in the market.  In an email with Cointelegraph, the company’s co-founder and president, Justin Young, confirmed the cancellation: “You are correct — we did not launch today. We didn’t see the opportunity at this point in time.” However, when asked if the company still planned to launch an ETH futures ETF at a later date, Young responded, “Of course,” adding that “plans…

Grayscale CEO Highlights US Opportunity To Lead Crypto Space Through Regulation

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The chief executive of Grayscale, a leading digital asset management firm, believes that the United States has a significant opportunity to dominate the cryptocurrency space by shaping effective regulations.  In a recent interview with Yahoo Finance, Grayscale CEO Michael Sonnenshein expressed optimism about the progress made in the past year and highlighted the bipartisan support for crypto-related legislation.  Sonnenshein emphasized the importance of lawmakers’ understanding of the crypto industry and urged Congress to actively engage with the issue to foster innovation and create robust financial and regulatory frameworks. Grayscale CEO…

Ripple is staring down an opportunity to fix its closed system

In July, a United States judge ruled that Ripple Labs’ XRP (XRP) token was not a security when sold to the public on secondary markets. While the Securities and Exchange Commission will contest the decision, the broader cryptocurrency community has embraced it, as crypto trades on exchanges might sidestep the securities transaction label. Despite the ruling, the crypto market continues to suffer from broader uncertainty. Ripple has long been entrenched in this battle, but this legal victory might serve as a partial emancipation, allowing the company to relight its former…

Bitcoin price dips below $25K — Opportunity, or sign of incoming disaster?

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Bitcoin stands at the edge of a bearish breakdown, with a small possibility that the $25,000 support level could hold. On Sept. 11, Bitcoin (BTC) broke from its parallel range between $25,500 and $26,500, falling to an intraday low at $24,950. A daily close below $24,750 threatens a drop to the sub-$20,000 range, but there’s a slight chance that the bullish momentum could revive. According to pseudonymous trader Horse, Bitcoin at $25,000 presents a short-term buying opportunity, as it’s the “best area to trap sellers” and “arguably the best place…

Nigeria central bank missed opportunity for blockchain regulation in 2021 — Convexity CEO

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A group of Nigerian professionals in digital assets took to the stage at the Stakeholders in Blockchain Technology Association of Nigeria (SIBAN)’s Digital Assets Summit 2023, held in Abuja, the nation’s capital, to discuss the future of digital assets in Nigeria in regards to regulation.  In the panel titled “The Future of Digital Assets: Regulatory Uncertainty and the Way Forward,” the group discussed why the implementation of digital assets regulation and blockchain policy has been slow in Nigeria. The developmental regulation created by NITDA is a big step towards understanding…

Bitcoin short-term holders capitulate as data highlights potential generational buying opportunity

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Bitcoin’s price action suggests that the asset remains in a precarious position, and a recent report from ARK Invest says that short-term Bitcoin investors had no choice but to capitulate in August, as the percentage of Bitcoin supply in profit fell by 14 percentage points.  Bitcoin market sentiment and monthly valuation change in August. Source: ARK Invest Although many traders view significant price dips as buying opportunities, at this point in the Bitcoin (BTC) halving cycle, a notable bearish move was Bitcoin’s price falling below its 200-week moving average (MA) for the first…