Apple is increasingly focusing on building its own devices and expanding its ecosystem by taking steps towards a more native experience for users and relying less on third-party accessories. While the Cupertino-based tech giant's HomePod and AppleTV have left quite the mark in the smart home category, it generally relies more on outsourcing cameras and other hardware for smart homes. Now, a new report suggests that the company intends to create a fully integrated experience by developing its own smart home accessories. Gurman hints about Apple working on making smart home products like security cameras for a more integrated experience […]
We’re continuing our Best of Black Friday posts today with a look at the best current deals on power stations and their respective bundle options. Folks across the country and beyond have been steadily investing more and more in the industry for a vari...
Blizzard has announced that two decades after its release, World of Warcraft is finally going to let players build a home and live in it. The feature has long been requested by WoW players and now it’s finally coming in the game’s next expansion.Read m...
Guild Wars 2: Janthir Wilds will receive the Godspawn update, adding a new 50-player boss battle, a new 10-player raid, and a legendary spear. Guild Wars 2: Janthir Wilds is getting the first major update "Godspawn" on November 19th, expanding the story with new story chapters The MMORPG Guild Wars 2 by ArenaNet is receiving its first major update for the Janthir Wilds expansion soon. It's the first of three major updates, and it'll land on November 19. The update will add new content to the game for the players. The Janthir Wilds expansion DLC was released in August this year, […]
Bitcoin (BTC) is on a warpath ahead of its halving event in April, buffeted by the benevolent tailwinds emanating from the relentless inflows into the cryptocurrency's spot ETFs, which have now attracted $5.63 billion in cumulative net inflows. Yet, some uber-bullish analysts are setting their sights much higher and betting on a David vs. Goliath fight between Bitcoin and Gold. Bitcoin's near-term bullish thesis is quite solid. At the current pace of inflows, spot Bitcoin ETFs are soaking up around 12.5x more Bitcoin each day than can be produced via mining. Once the halving event arrives, the reward for mining […]
What a vindication for Bitcoin's bulls! Despite the greater part of the financial community gleefully pronouncing Bitcoin's obituary for the umpteenth time in 2022/2023, the world's pre-eminent cryptocurrency has again roared in defiance, zooming past the $1 trillion valuation for the first time since December 2021. Many thought the launch of spot Bitcoin ETFs in the US would mark the top for the crypto sector in general. Those prognostications, however, have proved to be egregiously wrong. As shown in the above snippet, these ETFs have now attracted $3.89 billion in net inflows, providing a robust tailwind to Bitcoin's latest flight. […]
Wall Street is quite notorious for not always walking the talk: its analysts might publicly recommend a particular course of action, but that does not necessarily mean that the banks' internal trading teams follow that "fount of wisdom." A recent investment note from JP Morgan has again raised the proverbial hackles of Bitcoin bulls, especially as the note hammers on a thesis that is superficially accurate but lacks proper context. Short Coinbase $COIN, says JPMorgan, as Bitcoin ETF volumes disappoint: "Highlighting our more bearish view on COIN, with 2024 expected to be more challenging with the key catalyst of a […]
Bitcoin's "sell the news" type of move is officially over, with the world's pre-eminent cryptocurrency managing to recoup all of the losses incurred in the aftermath of the launch of some of the first spot Bitcoin ETFs in the US. As animal spirits return, investors are now turning their attention toward upcoming bullish catalysts, including an event that does not have much relevance for the Western world but one that has exercised substantial influence over Bitcoin in the past nine years. Matrixport's head of research and the founder of 10x Research, Markus Thielen, has identified a unique phenomenon over the […]
Who is Satoshi Nakamoto? Widely considered to be one of the richest individuals in the world, with Bitcoin ownership that is estimated to range between 750,000 BTC and 1.1 million BTC, the actual identity of the founder of the world's pre-eminent cryptocurrency remains an enduring enigma. However, a US court is now all set to decide on the veracity of one of the most outspoken claimants to Satoshi Nakamoto's identity - Craig Steven Wright. As most of our readers would know by now, Bitcoin's whitepaper was published anonymously back in 2009 by an individual or a group of people under […]
With Bitcoin firmly perched on a seemingly endless downward spiral, some in the wider crypto community have been quick to blame the increasing financialization of Bitcoin for this ongoing rout, courtesy of the just-launched spot Bitcoin ETFs in the US. In fact, Bitcoin seems to have entered a new bear market in less than two weeks after hitting a fresh multi-year high. However, in direct opposition to the prevailing sentiment, profit-taking is the prime instigator of this latest bout of weakness. Overall Flow stats for ALL Bitcoin ETPs since 11th Jan 2024: * New US ETFs: +$4,536m* GBTC Outflow: -$3,447m* […]
The extravagantly hyped launch of some of the first spot Bitcoin ETFs in the US proved to be the nth iteration of the famous market-based adage: buy the rumor and sell the news. In fact, we had highlighted the utility of moving toward Ethereum in an auxiliary post at the time. Now, as Bitcoin seems poised to lose the $40,000 price level, some crypto bigwigs believe that the ongoing bout of weakness will last till the end of January 2024. In the immediate aftermath of the launch of spot Bitcoin ETFs in the US, the apex cryptocurrency had made a […]
A lot has been written on the impact that the launch of spot Bitcoin ETFs in the US will unleash on the world's preeminent cryptocurrency. Some think that these investment vehicles will make Bitcoin more volatile, dancing to the ever-changing tune of the market. Others believe that these spot ETFs will play an important role in soaking up the available BTC supply, ushering in a fundamental repricing of the world's largest cryptocurrency by market capitalization. Based on the initial trends, the latter hypothesis appears closer to reality. As we noted in a dedicated post at the time, Bitcoin responded spectacularly […]
If historical analogs continue to hold true, and we have no evidence at this time that they would not, Ethereum is all set to take the crypto leadership mantle now that spot Bitcoin ETFs have begun trading. $1B in 4 mins of Bitcoin ETF trading https://t.co/Jq1Q64GvXJ — On-Chain College (@OnChainCollege) January 11, 2024 The cumulative volume of spot Bitcoin ETFs hit $1 billion in just the first four minutes of trading! This is a phenomenal level of activity, even against already-elevated expectations. Just wow: $BTC surpassed $48,000 and is approaching $49,000 following the record-breaking trading volume of Spot #Bitcoin ETFs. […]
Bitcoin (BTC) is on a warpath ahead of its halving event in April, buffeted by the benevolent tailwinds emanating from the relentless inflows into the cryptocurrency's spot ETFs, which have now attracted $5.63 billion in cumulative net inflows. Yet, some uber-bullish analysts are setting their sights much higher and betting on a David vs. Goliath fight between Bitcoin and Gold. Bitcoin's near-term bullish thesis is quite solid. At the current pace of inflows, spot Bitcoin ETFs are soaking up around 12.5x more Bitcoin each day than can be produced via mining. Once the halving event arrives, the reward for mining […]
What a vindication for Bitcoin's bulls! Despite the greater part of the financial community gleefully pronouncing Bitcoin's obituary for the umpteenth time in 2022/2023, the world's pre-eminent cryptocurrency has again roared in defiance, zooming past the $1 trillion valuation for the first time since December 2021. Many thought the launch of spot Bitcoin ETFs in the US would mark the top for the crypto sector in general. Those prognostications, however, have proved to be egregiously wrong. As shown in the above snippet, these ETFs have now attracted $3.89 billion in net inflows, providing a robust tailwind to Bitcoin's latest flight. […]
Wall Street is quite notorious for not always walking the talk: its analysts might publicly recommend a particular course of action, but that does not necessarily mean that the banks' internal trading teams follow that "fount of wisdom." A recent investment note from JP Morgan has again raised the proverbial hackles of Bitcoin bulls, especially as the note hammers on a thesis that is superficially accurate but lacks proper context. Short Coinbase $COIN, says JPMorgan, as Bitcoin ETF volumes disappoint: "Highlighting our more bearish view on COIN, with 2024 expected to be more challenging with the key catalyst of a […]
Bitcoin's "sell the news" type of move is officially over, with the world's pre-eminent cryptocurrency managing to recoup all of the losses incurred in the aftermath of the launch of some of the first spot Bitcoin ETFs in the US. As animal spirits return, investors are now turning their attention toward upcoming bullish catalysts, including an event that does not have much relevance for the Western world but one that has exercised substantial influence over Bitcoin in the past nine years. Matrixport's head of research and the founder of 10x Research, Markus Thielen, has identified a unique phenomenon over the […]
Who is Satoshi Nakamoto? Widely considered to be one of the richest individuals in the world, with Bitcoin ownership that is estimated to range between 750,000 BTC and 1.1 million BTC, the actual identity of the founder of the world's pre-eminent cryptocurrency remains an enduring enigma. However, a US court is now all set to decide on the veracity of one of the most outspoken claimants to Satoshi Nakamoto's identity - Craig Steven Wright. As most of our readers would know by now, Bitcoin's whitepaper was published anonymously back in 2009 by an individual or a group of people under […]
With Bitcoin firmly perched on a seemingly endless downward spiral, some in the wider crypto community have been quick to blame the increasing financialization of Bitcoin for this ongoing rout, courtesy of the just-launched spot Bitcoin ETFs in the US. In fact, Bitcoin seems to have entered a new bear market in less than two weeks after hitting a fresh multi-year high. However, in direct opposition to the prevailing sentiment, profit-taking is the prime instigator of this latest bout of weakness. Overall Flow stats for ALL Bitcoin ETPs since 11th Jan 2024: * New US ETFs: +$4,536m* GBTC Outflow: -$3,447m* […]
The extravagantly hyped launch of some of the first spot Bitcoin ETFs in the US proved to be the nth iteration of the famous market-based adage: buy the rumor and sell the news. In fact, we had highlighted the utility of moving toward Ethereum in an auxiliary post at the time. Now, as Bitcoin seems poised to lose the $40,000 price level, some crypto bigwigs believe that the ongoing bout of weakness will last till the end of January 2024. In the immediate aftermath of the launch of spot Bitcoin ETFs in the US, the apex cryptocurrency had made a […]
A lot has been written on the impact that the launch of spot Bitcoin ETFs in the US will unleash on the world's preeminent cryptocurrency. Some think that these investment vehicles will make Bitcoin more volatile, dancing to the ever-changing tune of the market. Others believe that these spot ETFs will play an important role in soaking up the available BTC supply, ushering in a fundamental repricing of the world's largest cryptocurrency by market capitalization. Based on the initial trends, the latter hypothesis appears closer to reality. As we noted in a dedicated post at the time, Bitcoin responded spectacularly […]
If historical analogs continue to hold true, and we have no evidence at this time that they would not, Ethereum is all set to take the crypto leadership mantle now that spot Bitcoin ETFs have begun trading. $1B in 4 mins of Bitcoin ETF trading https://t.co/Jq1Q64GvXJ — On-Chain College (@OnChainCollege) January 11, 2024 The cumulative volume of spot Bitcoin ETFs hit $1 billion in just the first four minutes of trading! This is a phenomenal level of activity, even against already-elevated expectations. Just wow: $BTC surpassed $48,000 and is approaching $49,000 following the record-breaking trading volume of Spot #Bitcoin ETFs. […]