Author: Max Bauer

Renowned economist Timothy Peterson has made a bold prediction that Bitcoin’s price could skyrocket to $100,000 within the next three months. Peterson’s forecast is based on an intriguing correlation he has observed between high-yield bonds (HYG) and Bitcoin’s price movements. In a recent analysis, Peterson highlighted that when Bitcoin is undervalued relative to HYG, it tends to significantly outperform in the subsequent three months. This relationship holds true for periods of one month or longer, suggesting a strong predictive power of high-yield bonds on Bitcoin’s price. Conversely, when Bitcoin is overvalued compared to HYG, it tends to underperform, potentially leading…

A recent Q2 research report, commissioned by OKX and authored by The Economist, has shed light on the growing interest in digital assets among institutional investors. The report projects that by 2030, the value of tokenized assets could surpass a staggering $10 trillion. Currently, asset managers typically allocate a modest 1%-5% of their portfolios to digital assets. However, institutional investors are signaling their intent to ramp up this allocation to approximately 7% by 2027. Notably, the report indicates a growing appetite for investment tools beyond cryptocurrencies, such as pledges, crypto derivatives, and tokenized bonds. This institutional shift is corroborated by…

Telegram founder and CEO Pavel Durov has not been released and has been transferred from police custody to the court. The case’s outcome is yet to be determined. Market fluctuations suggest that the price of TON, a cryptocurrency associated with Telegram, increased by more than 10%, possibly due to false news circulating in the market stating that “Pavel Durov was released.” The price reached a high of approximately US$6 before quickly falling to around US$5.6. French officials have confirmed that Durov is facing potential charges related to alleged illegal activities on the Telegram platform, including child pornography dissemination and drug…

PolitiFi token category, which includes tokens related to US election figures and political memes, has significantly outperformed the broader Meme coin category in 2024. According to a recent report by cryptocurrency data aggregation platform CoinGecko, PolitiFi tokens saw a staggering 782.4% increase between January 1 and August 25, while Meme coins only grew by 90.2% during the same period. Despite this remarkable growth, PolitiFi tokens still represent a relatively small portion of the Meme coin market. As of August 25, the PolitiFi sector’s market capitalization stood at $680.8 million, capturing a 1.5% share of the $45.6 billion Meme coin market.…

Adam, a macro researcher at Greeks.live, recently noted on X that after several unsuccessful attempts to break through key resistance levels, cryptocurrencies have entered a correction phase. According to Adam, this shift is reflected in the significant drop in implied volatility (IV) across major maturities. Bitcoin’s (BTC) Dvol has fallen below 50%, a level seen only 30% of the time in the past year. Options data further reveals that realized volatility (RV) has plummeted from 100% on August 9th to its current level of 40%. The sharp decline in BTC’s actual volatility has also played a significant role in driving…

Defunct crypto lender Celsius Network is in the final stages of its massive creditor payout process, having distributed over $2.53 billion to date. This represents roughly 93% of the total eligible funds owed, according to a recent court filing. Over 250,000 creditors from 165 countries have received distributions, primarily through PayPal, Venmo, and Coinbase. However, around 121,000 creditors are yet to claim their share due to complexities in the process. The remaining unclaimed amounts are largely small, with many creditors owed less than $1,000. The Plan Administrator has made numerous attempts to reach these creditors but acknowledges that the small…

The CME Group, the world’s leading derivatives marketplace, has announced plans to introduce Bitcoin Friday Futures (BFF) on September 30, 2024, pending regulatory review. This new offering aims to provide a more accessible and flexible way for traders to gain exposure to Bitcoin. Each BFF contract will represent 1/50 of a Bitcoin, significantly lowering the capital requirements for trading compared to existing BTC futures contracts. This smaller contract size is expected to attract a wider range of investors, including retail traders who may have been previously priced out of the market. The BFF contracts will expire every Friday at 4…

Ethereum co-founder Vitalik Buterin recently disclosed that a significant portion of his personal wealth, approximately 90%, is held in Ethereum. This revelation came in response to online discussions about Ethereum’s role as a store of value and the Ethereum Foundation’s selling practices. An influencer on social media suggested that Buterin and other core developers deliberately avoid discussing Ethereum as a store of value or programmable money. They perceive its monetary aspects as incidental and potentially risky to acknowledge publicly, especially in light of regulatory scrutiny. Buterin countered this notion by stating, “If I did not believe in ETH as SOV…

Justin Sun, the renowned founder of Tron (TRX) and a prominent figure in the crypto world, continues to make headlines with his vast and diverse altcoin portfolio. Recent data reveals that Sun’s total crypto holdings amount to an impressive $1,083,585,782.87, further solidifying his position as a major player in the market. Sun’s Crypto Holdings: A Breakdown TRX: The native cryptocurrency of the Tron blockchain remains Sun’s largest holding, valued at $315.03 million. He also possesses an additional 367.246M Wrapped TRX worth $60.22M. Stablecoins: Sun maintains substantial positions in stablecoins USDD ($276.54 million) and USDJ ($94.55 million), providing stability to his…

The likelihood of the Federal Reserve reducing interest rates by 25 basis points in September is currently 68%, according to CME’s “Fed Watch” tool as reported by Jinshi Data on August 27. The tool also indicates a 32% probability of a more aggressive 50 basis point cut in September. As the year progresses, expectations for further rate reductions increase. By November, the probability of a 50 basis point cut rises to 48.7%, a 75 basis point cut to 42.2%, and a 100 basis point cut to 9.1%. This outlook aligns with recent comments from San Francisco Fed President Mary Daly.…