Grayscale, that cunning purveyor of financial instruments, hath submitted a filing to list a Bittensor exchange-traded fund upon the hallowed grounds of the New York Stock Exchange. A grand gesture, no doubt, to bring the plebeians of Wall Street into the esoteric world of decentralized AI.
Vetle Lunde, the big cheese over at K33, says the derivatives market’s got more caution than a mama bear protectin’ her cubs. Them leveraged short positions through them fancy Bitcoin ETFs have shot up like a rocket, sittin’ pretty at the second-highest mark ever. That’s a 20% leap in quicker time than it takes to say “shenanigans,” showin’ that both the bigwigs and the little guys are bettin’ on a quiet Easter, with tradin’ volumes thinner than a politician’s promise.
“Once we bootstrap the XRP native DEX with high quality assets and deep liquidity, it’s game over,” Vet said in a recent tweet. It is, of course, the sort of bravado that makes a cynic smile and a believer clutch at a falling star.
As an analyst, I’ve been closely watching that 150 level – you can see it marked as the orange dotted line on the chart. Grayscale’s research highlights it as a key support area. Currently, altcoins are about 2% above their lowest points in the cycle and are moving towards this baseline, which is where we saw the beginning of the 2024-2025 rally. Grayscale believes this level is a critical floor to monitor, and it’s the same one they used when outlining their analysis in their April 2nd report.
A new evolving strain of malware known as SparkCat has bypassed security reviews on both the Apple App Store and the Google Play Store.
XRP has dropped over 55% in value recently, losing about 10% of its value each month, according to CryptoRank. It’s currently priced around $1.31, highlighting the consistently downward trend.
Historically, the biggest obstacle to large institutions investing in ETH and other digital assets has been unclear regulations. The lack of clarity about whether these assets are considered securities or commodities created legal concerns, made secure storage difficult, and complicated efforts to meet regulatory requirements, ultimately causing investors to be cautious.
It’s true that we haven’t seen an immediate price increase yet. Market activity has been slow, and concerns about the war, along with a general downturn in the crypto market, have created uncertainty. However, when large investors start buying, it’s usually a quiet process at first. They build their positions gradually, and the impact isn’t felt until later.
In the first three months of the year, Gate listed 37 new cryptocurrencies, representing over 77% of all new projects added across leading exchanges. Most of these – 27 in total, or 73% of Gate’s new listings – were listed on Gate first. Additionally, 14 of the new listings were exclusive to Gate, making up 37.8% of the total.
This grand exposé, drawn from the sacred on-chain data of the Arkham Intel Platform, casts its gaze upon all manner of entities-from the centralized temples of exchange to the humble pre-sale pilgrims who once dreamed of untold riches.