Cryptocurrency

Most definitely, more and more people are weighing in on Spot Bitcoin ETFs, which shows that investors are beginning to prefer safe, regulated Bitcoin-based financial products over direct exposure. This increased interest is a sign that the retail side of the market is moving toward digital assets, especially as institutions like BlackRock offer access to the cryptocurrency through structured and compliant investment vehicles.Meanwhile, this ETF-driven activity parallels Bitcoin’s upward momentum, with the cryptocurrency hitting all-time highs for three consecutive days.Ethereum-based ETFs have also caught the attention of investors, recording the third-highest single-day inflow in history, bringing in $79 million during the last trading session.This development suggests that interest in crypto-backed financial products may extend beyond Bitcoin, suggesting a more diversified approach by investors looking to tap into a wider range of digital assets or trying to catch up through beta, as Ethereum lags significantly behind BTC in terms of price action.This article was originally published on U.Today More

Bybit, the world’s second-largest crypto exchange by trading volume, is pleased to announce that Shunyet Jan, its current Head of Derivatives, will take on an expanded role as Head of Institutional. This move underscores Bybit’s commitment to serving institutional clients and enhancing its innovative derivatives offerings.Expanding Responsibilities for a Dynamic IndustryShunyet Jan joined Bybit with a wealth of experience in both traditional finance and high-frequency trading, bringing a fresh perspective to the crypto space. “Bybit has been an exciting place to work, with a strong focus on innovation and rapid execution,” Shunyet noted. “The culture here is remarkably collaborative, and it’s clear that agility and teamwork are at the heart of everything we do.” His positive first impressions of Bybit’s team and culture, shaped by his background across diverse financial environments, have only reinforced his enthusiasm for advancing Bybit’s role in the market.In his expanded role, Shunyet will leverage his insights from a distinguished career, which includes roles in program trading, ETFs, and index arbitrage on Wall Street, as well as algorithmic and high-frequency trading in Asia. His leadership will guide Bybit in crafting solutions that cater specifically to institutional needs, bridging traditional finance principles with the flexibility of digital assets.Championing Bybit’s Vision for Institutional GrowthWith deep experience in serving sovereign wealth funds, pension funds, hedge funds, and market makers, Shunyet understands the unique needs of institutional investors. “Institutional sales and derivatives share a common goal: providing seamless access to liquidity and effective support,” Shunyet explained. His dual background as both an institutional client advisor and a top global market maker allows him to anticipate and address the nuanced demands of these clients, helping Bybit solidify its reputation as a trusted partner for sophisticated trading solutions.In his new role, Shunyet’s focus is clear: “I’m focused on positioning Bybit as the top choice for institutional clients by enhancing our custody solutions, expanding loan products, and strengthening liquidity across the platform.” He envisions building a robust environment that not only attracts institutional clients but also elevates their experience through refined trading conditions and innovative tools. By refining custody options and liquidity enhancements, Bybit aims to further solidify its foundation in a rapidly growing sector.A Vision for Bybit’s Derivatives and Institutional FutureShunyet’s career trajectory highlights a commitment to adapting the best practices from traditional finance to the crypto industry. He sees significant potential in options trading for the crypto sector, especially in the APAC region, where demand is rapidly increasing. “While options are standard in traditional markets, they remain underutilized in crypto. My goal is to build a world-class options trading platform that offers the same level of sophistication and reliability that institutional investors expect.”“Bybit has a vision of creating a secure, innovative environment for traders, and I’m eager to contribute to the growth of our platform, enhancing institutional offerings while expanding sophisticated retail solutions,” Shunyet added.Helen Liu, Chief Operating Officer of Bybit, commented, “Shunyet’s dual expertise in traditional finance and crypto markets equips him to elevate our platform for institutional clients. His insights and leadership will be instrumental as we broaden our reach in institutional services and enrich our derivatives offerings.”About BybitBybit is the world’s second-largest cryptocurrency exchange by trading volume, serving over 50 million users. Established in 2018, Bybit provides a professional platform where crypto investors and traders can find an ultra-fast matching engine, 24/7 customer service, and multilingual community support. Bybit is a proud partner of Formula One’s reigning Constructors’ and Drivers’ champions: the Oracle (NYSE:ORCL) Red Bull Racing team.For more details about Bybit, users can visit Bybit Press For media inquiries, users can contact: media@bybit.comFor more information, users can visit: https://www.bybit.comFor updates, users can follow: Bybit’s Communities and Social MediaContactHead of PRTony AuBybittony.au@bybit.comThis article was originally published on Chainwire More

Glassnode cofounders, who go by “Negentropic” on X (formerly Twitter), have been closely tracking the cryptocurrency’s progress, suggesting that Bitcoin could be poised for another major move.Bitcoin recently surpassed $76,000, reaching highs of $76,509 on Wednesday, setting a new all-time high. The rise coincides with fresh all-time highs for traditional market indices like the Nasdaq and S&P 500.However, an interesting development is the weakening correlation between Bitcoin and these indices. This decoupling raises the question: Could Bitcoin push even higher independently of traditional markets?Negentropic indicated that with the impending interest rate decision and Fed Chair Jerome Powell’s speech afterward, this could be Bitcoin’s first real test for its bullish trend. But will it continue to rise independently of traditional markets?The answers to these questions remain unknown, but the market closely watches for hints to predict Bitcoin’s next big move. At the time of writing, BTC was up 1.72% in the last 24 hours to $74,900 and up 6% weekly.The Federal Reserve is generally expected to cut interest rates again, with financial markets pricing a quarter-point drop as a near certainty.In light of this, investors are closely awaiting the Fed’s interest rate decision during its policy meeting today Thursday. The decision will be followed by comments from Fed Chair Jerome Powell, which may provide insight into the Fed’s economic and interest rate expectations for the coming months.Traders were last pricing in a 99% chance of a quarter-point cut in interest rates, based on CME Group’s (NASDAQ:CME) FedWatch tool. This comes following the Fed’s 50 basis point rate cut in September.This article was originally published on U.Today More

This article was originally published on U.Today More

Rekt Brands Inc. (Rekt), the parent company behind the Rektguy NFT project, Rekt Drinks, and the Rekt brand intellectual property, is excited to announce the completion of a $1.5 million seed funding round. Funded exclusively by angel investors and the community—without institutional venture capital—this achievement highlights the support Rekt received from its loyal and growing network.This funding announcement follows the debut of Rekt Drinks, Rekt’s first consumer product: a lime-flavored sparkling water with zero caffeine and zero alcohol, featuring the Rekt branding. Rekt Drinks made its debut last week with 222,456 units available across 32 countries. The entire stock sold out in under 48 hours, with demand in the U.S. alone resulting in a complete sell-out within just 4 hours and 20 minutes. This launch represents one of the largest real-world product sales by a Web3 brand, reinforcing Rekt’s potential as a cultural force in both digital and traditional markets.Rekt was founded from the success of the Rektguy NFT collection, created by artist Ovie Faruq (OSF) in May 2022. Since then, the Rektguy project has expanded into Rekt Brands, which oversees the Rekt IP and pioneered a unique industry model by offering equity in the parent company directly to its NFT holders, utilizing a Reg CF exemption under SEC guidelines in the U.S.About Rekt Rekt Brands Inc. is the parent company that owns the Rektguy NFT project, Rekt Drinks, and the Rekt brand intellectual property. Established from the success of the Rektguy NFT collection by artist Ovie Faruq (OSF), the brand has expanded into consumer goods and groundbreaking community equity models. Rekt aims to redefine brand ownership and engagement through its Web3 foundation, innovative products, and viral global community.ContactCEOOvie FaruqRekt Brands Inc.ovie@rektdrinks.comThis article was originally published on Chainwire More

Known for his viral posts on Bitcoin, Saylor revealed today that MicroStrategy is not just a software maker but a real Bitcoin treasury company backed by BTC reserves. The entrepreneur proved his thesis with an argument in the form of a diagram that details the logic behind MicroStrategy’s Bitcoin strategy.As you can see, the essence of the scheme is that MicroStrategy, as a Bitcoin treasury, buys BTC on its balance sheet and, with these reserves, issues various securities, both leveraged and common. The securities include MSTR Options, MSTR ETFs, Spot Bitcoin ETFs and MSTR Convertible Shares, as well as MSTR Dividend and MSTR Fixed. According to the footnote, the latter two instruments do not yet exist, and it is not yet possible to describe exactly what they entail. However, it is clear that the company has plans to share its profits, which is confirmed by the chart. Undoubtedly, MicroStrategy’s case will go down in history as a company that literally rebuilt itself from nothing to become not only a major global software provider but also the first Bitcoin treasury company, as Michael Saylor described it.This article was originally published on U.Today More

Hyperbridge Launches on Polkadot with Support for Ethereum, Optimism, BNB Chain, and MoreHyperbridge, the highly anticipated blockchain interoperability protocol, has officially launched, unlocking new possibilities for seamless cross-chain communication. Following its $2.5 million seed funding led by the Web3 Foundation and Scytale Digital, Hyperbridge now brings its groundbreaking technology to users, delivering secure, scalable, and verifiable cross-chain solutions across multiple blockchains. Hyperbridge launches with native support for Ethereum, Optimism, Arbitrum, Base, BNB Chain, and Gnosis.The journey to Hyperbridge’s launch has been thorough, with the project completing two testnet cycles. During these cycles:At launch, Hyperbridge introduces a token bridge for asset transfers: Gateway, arbitrary message passing, and state queries across multiple ecosystems. Gateway offers:About HyperbridgeHyperbridge is a cryptoeconomic coprocessor for secure, verifiable interoperability powered by consensus and storage proofs. Hyperbridge is the HTTPS of blockchain interoperability, providing developers with onchain and off-chain SDKs for securely sending cross-chain messages (POST requests) and reading on-chain storage (GET requests).About Polytope LabsPolytope Labs is a collective of researchers and engineers founded by core developers of Ethereum, Polkadot, and IBC. We’re focused on addressing fundamental infrastructure problems that continue to hold back the crypto industry, such as interoperability, scalability, and privacy. We firmly believe that Web3 is the next evolutionary step of the internet, and we are fully committed to advancing truly decentralized technologies.About PolkadotPolkadot is the powerful, secure core of Web3, providing a shared foundation that unites some of the world’s most transformative apps and blockchains. Polkadot offers advanced modular architecture that allows devs to easily design and build their own specialized blockchain projects, pooled security that ensures the same high standard for secure block production across all connected chains and apps connected to it, and robust governance that ensures a transparent system where everyone has say in shaping the blockchain ecosystem for growth and sustainability. With Polkadot, users are not just participants, they’re co-creators with the power to shape its future.Contactcomms / PR managerJonathan DuranDistractiveJonathan@distractive.xyzThis article was originally published on Chainwire More

Bybit, the world’s second-largest cryptocurrency exchange by trading volume, is excited to announce its latest collaboration with Aptos, the innovative blockchain network, to empower Web3 builders with an exclusive APT Ecosystem Airdrop. This partnership aims to fuel the next wave of Web3 projects by creating opportunities for users to dive deeper into decentralized applications, earn rewards, and support the growth of cutting-edge blockchain technologies.With 18,000 $APT tokens available, Bybit and Aptos are celebrating this airdrop as part of their shared mission to accelerate Web3 adoption and inspire a new generation of creators. Hosted on Bybit’s Airdrop Arcade, the campaign underscores Bybit’s dedication to delivering premier blockchain opportunities for its users and fostering the rise of decentralized ecosystems.The APT Ecosystem AirdropThrough Bybit’s Airdrop Arcade, users will gain access to an exclusive airdrop featuring contributions from Aptos and leading ecosystem partners, including @PanoraExchange, @Balance_Fun, @Merkle_Trade, @supervlabs, @AriesMarkets, @AmnisFinance, and @guiinuonaptos. This airdrop provides both new and experienced crypto enthusiasts with a chance to explore Aptos’s innovative blockchain features while potentially earning $APT rewards.Bybit and Aptos: A Partnership for the Future of Web3This strategic collaboration between Bybit and Aptos marks a pivotal step in making decentralized technology more accessible, secure, and engaging. By uniting Aptos’s high-performance blockchain with Bybit’s dynamic exchange platform, the partnership offers a seamless way for users to connect with and support Web3 innovations.#Bybit / #TheCryptoArk / #BybitWeb3About Bybit Web3Bybit Web3 is redefining openness in the decentralized world, creating a simpler, open, and equal ecosystem for everyone. We are committed to welcoming builders, creators, and partners in the blockchain space, extending an invitation to both crypto enthusiasts and the curious, with a community of over 130 million wallet addresses across over 30 major ecosystem partners, and counting. Bybit Web3 provides a comprehensive suite of Web3 products designed to make accessing, swapping, collecting and growing Web3 assets as open and simple as possible. Our wallets, marketplaces and platforms are all backed by the security and expertise that define Bybit as the world’s second-largest cryptocurrency exchange by trading volume, trusted by over 50 million users globally.For more details about Bybit Web3, users can visit Bybit Web3.ContactHead of PRTony AuBybittony.au@bybit.comThis article was originally published on Chainwire More