Crypto Speak: Side Chains
As blockchain tech evolves, side chains are becoming a game-changing innovation for scalability and efficiency. A side chain is essentially a separate blockchain connected to a main one, allowing for smooth asset transfers and enhanced functionality.
Think of it as the express lane for transactions—side chains reduce congestion on the main blockchain, speeding up transactions and lowering fees. A notable example is the Liquid Network, built on Bitcoin, offering faster and more private transactions while staying securely linked to the main chain.
Why Side Chains Matter:
- Scalability:Handle transactions independently to reduce main chain congestion.
- Experimentation: Safely test new features without disrupting the main chain.
- Interoperability: Enable smoother interactions between different blockchains.
- Customizability:Set up unique governance models and rules for specific needs.
- Security: Maintain robust security while enhancing the functionality.
As blockchain tech evolves, side chains are becoming a game-changing innovation for scalability and efficiency. A side chain is essentially a separate blockchain connected to a main one, allowing for smooth asset transfers and enhanced functionality.
Think of it as the express lane for transactions—side chains reduce congestion on the main blockchain, speeding up transactions and lowering fees. A notable example is the Liquid Network, built on Bitcoin, offering faster and more private transactions while staying securely linked to the main chain.
Why Side Chains Matter:
- Scalability:Handle transactions independently to reduce main chain congestion.
- Experimentation: Safely test new features without disrupting the main chain.
- Interoperability: Enable smoother interactions between different blockchains.
- Customizability:Set up unique governance models and rules for specific needs.
- Security: Maintain robust security while enhancing the functionality.
In prolonged downtrends, investors sell at lower prices, pushing the cost basis of newer supply down. We've created an indicator comparing cost bases of 1w-1m and 1m-3m holders to gauge capital flows.
Capital Outflows 🟪: Younger coins' (1w-1m 🟠) cost basis falls faster than older ones (1m-3m 🔴).
Capital Inflow 🟦: Younger coins' cost basis rises faster in uptrends.
Currently, younger coins trade below older ones, indicating net outflows. This might hint at early stages of a market reversal.
Capital Outflows 🟪: Younger coins' (1w-1m 🟠) cost basis falls faster than older ones (1m-3m 🔴).
Capital Inflow 🟦: Younger coins' cost basis rises faster in uptrends.
Currently, younger coins trade below older ones, indicating net outflows. This might hint at early stages of a market reversal.
One commodity that is underperforming now are oil prices after an incredible short term run to the upside. On the 1D timeframe, it looks like price made a false breakout to indicate a trend reversal as oil gets closer to the $60s price range.
Lower oil prices could mean softer inflation data in the next report although it will not affect Core CPI. Nearing the election, it seems like a lower commodity price could likely happen in the next month as well. Seasonally, November is oil's second worst month of the year according to the EdgeFinder.
-Mack
Lower oil prices could mean softer inflation data in the next report although it will not affect Core CPI. Nearing the election, it seems like a lower commodity price could likely happen in the next month as well. Seasonally, November is oil's second worst month of the year according to the EdgeFinder.
-Mack
Someone just bet over $1 million that Trump will lose the election! 💸
On the crypto betting platform Kalshi (Polymarket's competitor), a mysterious trader placed more than $1 million on Trump losing the upcoming election.
Insider info or just strong faith in Kamala Harris? 👀 While everyone’s guessing, it looks like Trump has found another opponent… this time in the crypto space. 😅
On the crypto betting platform Kalshi (Polymarket's competitor), a mysterious trader placed more than $1 million on Trump losing the upcoming election.
Insider info or just strong faith in Kamala Harris? 👀 While everyone’s guessing, it looks like Trump has found another opponent… this time in the crypto space. 😅
🇺🇸 Trump Effect Sparks Crypto Fund Inflows! 🚀
From October 6 to 12, crypto funds saw inflows of $407M, reversing the $147M outflow from the previous week, according to CoinShares. 📊
Experts say it’s not macroeconomic data or Fed policy driving this shift—it's the growing odds of Trump winning the US presidential race. 🗳 With Trump pulling ahead of Kamala Harris, investors are betting on his pro-crypto stance bringing better days for digital assets. 💸
Looks like the bulls are rooting for Trump! 🐂
From October 6 to 12, crypto funds saw inflows of $407M, reversing the $147M outflow from the previous week, according to CoinShares. 📊
Experts say it’s not macroeconomic data or Fed policy driving this shift—it's the growing odds of Trump winning the US presidential race. 🗳 With Trump pulling ahead of Kamala Harris, investors are betting on his pro-crypto stance bringing better days for digital assets. 💸
Looks like the bulls are rooting for Trump! 🐂
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🔥BULLISH: 🪙 BlackRock's $IBIT has bought over $1,000,000,000 worth of Bitcoin this week📈
🔥 JUST IN: 🇩🇪 Samson Mow speaks at the German Bundestag telling MPs about #Bitcoin💰 adoption for nation states.
The Lindy Effect Explained
The Lindy Effect suggests that the longer something has been around, the more likely it is to last even longer. Originally coined at Lindy Deli, this concept applies to various fields, from technology to finance, where time-tested things tend to outlive newer alternatives.
Here’s how it works:
- Technology: Older, established technologies are likely to remain relevant longer.
- Finance: Proven, long-term investment strategies often outlast trendy, short-lived options.
- Culture: Classic art, literature, and music continue to thrive due to their enduring impact.
The Lindy Effect suggests that the longer something has been around, the more likely it is to last even longer. Originally coined at Lindy Deli, this concept applies to various fields, from technology to finance, where time-tested things tend to outlive newer alternatives.
Here’s how it works:
- Technology: Older, established technologies are likely to remain relevant longer.
- Finance: Proven, long-term investment strategies often outlast trendy, short-lived options.
- Culture: Classic art, literature, and music continue to thrive due to their enduring impact.
🚀 Bernstein’s $200K Bitcoin Price Prediction is 'Conservative' for 2025!
Bernstein analysts are setting the bar high (or low? 🤔) for Bitcoin, predicting a conservative price of $200,000 by the end of 2025!
They urge skeptics to reconsider Bitcoin as a store of value, especially with the U.S. debt hitting a staggering $35 trillion and inflation threats looming. 💸
“If you like gold, you should love Bitcoin even more,” says Bernstein's Gautam Chhugani, adding that Bitcoin’s limited supply could be a major hedge in this uncertain world. 🌍💰
For those hesitant about buying BTC directly, they suggest alternatives like shares in MicroStrategy, Riot Platforms, and CleanSpark.
Bernstein analysts are setting the bar high (or low? 🤔) for Bitcoin, predicting a conservative price of $200,000 by the end of 2025!
They urge skeptics to reconsider Bitcoin as a store of value, especially with the U.S. debt hitting a staggering $35 trillion and inflation threats looming. 💸
“If you like gold, you should love Bitcoin even more,” says Bernstein's Gautam Chhugani, adding that Bitcoin’s limited supply could be a major hedge in this uncertain world. 🌍💰
For those hesitant about buying BTC directly, they suggest alternatives like shares in MicroStrategy, Riot Platforms, and CleanSpark.
🇧🇹 The Government of Bhutan Sells Bitcoin!
In the last hour, Bhutan transferred 929 BTC (worth $66 million) from its wallets to Binance. Currently, they still hold 12,456 BTC (about $886.8 million) on their balance.
What’s behind this massive sell-off? 👀 Stay tuned for updates!
In the last hour, Bhutan transferred 929 BTC (worth $66 million) from its wallets to Binance. Currently, they still hold 12,456 BTC (about $886.8 million) on their balance.
What’s behind this massive sell-off? 👀 Stay tuned for updates!
🇨🇳 China Prepares Massive $1.4 Trillion Stimulus Package!
China’s top legislative body will meet from Nov 4-8, weighing a potential $1.4 trillion fiscal stimulus package to bolster the economy and manage local debt risks. The package could grow if Trump wins re-election, as Beijing anticipates heightened economic pressures. 💰
The plan marks one of the biggest stimulus moves since the pandemic, potentially reshaping China’s economic landscape! 🌐
Arthur Hayes predicts that this flood of new yuan will push Bitcoin to soar, as Chinese citizens use the decentralized asset as a hedge against currency devaluation and rising inflation.🚀
China’s top legislative body will meet from Nov 4-8, weighing a potential $1.4 trillion fiscal stimulus package to bolster the economy and manage local debt risks. The package could grow if Trump wins re-election, as Beijing anticipates heightened economic pressures. 💰
The plan marks one of the biggest stimulus moves since the pandemic, potentially reshaping China’s economic landscape! 🌐
Arthur Hayes predicts that this flood of new yuan will push Bitcoin to soar, as Chinese citizens use the decentralized asset as a hedge against currency devaluation and rising inflation.🚀
Bitcoin ETF assets have reached 53% of the size of Gold ETFs in the first 10 months of trading. 📊
Currently, $138 billion is held across 35 U.S.-based gold ETFs, while Bitcoin ETFs have attracted over $70 billion in 2024. 💰
It’s worth noting that the first Gold ETFs launched 20 years earlier, back in 2004.
Currently, $138 billion is held across 35 U.S.-based gold ETFs, while Bitcoin ETFs have attracted over $70 billion in 2024. 💰
It’s worth noting that the first Gold ETFs launched 20 years earlier, back in 2004.
🇬🇧 A British pension fund has invested $2,000,000 in Bitcoin.
Unlike other funds, the fund chose to buy BTC directly instead of investing in crypto ETFs.
Cartwright also announced the launch of the Bitcoin Employee Benefits scheme, which will allow employers to transfer payments in BTC directly into employees' wallets. So far, 5 companies have already expressed interest.
Unlike other funds, the fund chose to buy BTC directly instead of investing in crypto ETFs.
Cartwright also announced the launch of the Bitcoin Employee Benefits scheme, which will allow employers to transfer payments in BTC directly into employees' wallets. So far, 5 companies have already expressed interest.
Spotlight on XRP: 21Shares Files for Spot XRP ETF with the SEC
In a significant development, asset manager 21Shares has filed with the U.S. Securities and Exchange Commission (SEC) to launch a spot XRP exchange-traded fund (ETF), following similar applications by Canary Capital and Bitwise.
According to the recent Form S-1 filing, 21Shares aims to list its Core XRP Trust shares on the Cboe BZX Exchange, providing investors with indirect exposure to XRP. Coinbase Custody Trust Company is set to act as the custodian for XRP holdings, should the SEC approve the filing.
The SEC has already greenlit Bitcoin and Ether ETFs but remains undecided on XRP due to Ripple Labs' ongoing legal battles. This includes an appeal over a judge’s ruling that XRP is not classified as a security in programmatic sales on exchanges.
In a significant development, asset manager 21Shares has filed with the U.S. Securities and Exchange Commission (SEC) to launch a spot XRP exchange-traded fund (ETF), following similar applications by Canary Capital and Bitwise.
According to the recent Form S-1 filing, 21Shares aims to list its Core XRP Trust shares on the Cboe BZX Exchange, providing investors with indirect exposure to XRP. Coinbase Custody Trust Company is set to act as the custodian for XRP holdings, should the SEC approve the filing.
The SEC has already greenlit Bitcoin and Ether ETFs but remains undecided on XRP due to Ripple Labs' ongoing legal battles. This includes an appeal over a judge’s ruling that XRP is not classified as a security in programmatic sales on exchanges.