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这篇文章讨论了 QQQ6900 这种拥有强大团队和良好记录的加密货币的潜力，认为它是一个很有前景的中期投资机会。 #binancepizza

The U.S. Commodity Futures Trading Commission has warned of a potential surge in election gambling and requested that an appeals court continue to halt Kalshi's political prediction markets while the agency's appeal is ongoing. The CFTC stated that Kalshi and others have interpreted a judge's decision on September 6 as a green light for election gambling. The judge had ruled that the regulator was wrong to prevent the company from offering contracts on which party would control each house of Congress.
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据知情人士透露，马斯克旗下人工智能初创公司 xAI 正在与投资者洽谈一轮融资，估值将达到 400 亿美元左右。几个月前，xAI 的上一次估值为 240 亿美元，当时它在春季融资 60 亿美元。其中一位知情人士说，xAI 希望在新一轮融资中筹集数十亿美元。筹集到的现金将计入 400 亿美元的估值。马斯克周一表示，xAI 计划将孟菲斯数据中心的图形处理单元从 10 万个增加到 20 万个。英伟达 CEO 赞扬了 xAI 在孟菲斯建立数据中心的速度，他在最近的播客中称其为“地球上速度最快的超级计算机”。（金十） #binancepizza

Dr. Xiao Feng, Chairman and CEO of HashKey Group, delivered a keynote speech entitled "On-Chain" and "In-Chain" at SmartCon 2024 today, stating that traditional and crypto financial markets will achieve interoperability through stablecoins (Payfi, which is a fiat-tokenized stablecoin), ETFs (off-chain securitization of crypto assets), RWA (on-chain tokenization of traditional assets), and STO (tokenization of on-chain Web3 business), all of which will be carried out by licensed and compliant institutions (on-chain storage, lending, and trading).
Dr. Xiao stated that "On-Chain" mainly involves three ways: Web2 (data on-chain), DePIN (device on-chain), and DeFi (asset on-chain). On-chain is a path for users to embrace greater value rather than a goal. HashKey's recently released Ethereum L2 public chain, HashKey Chain, will build a compliant-friendly and innovation-encouraging ecosystem, allowing traditional finance and Web3 users to share the infinite possibilities and values brought by blockchain technology and applications.
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12:00-21:00 Keywords: USDC, central bank, Bitfarms
Berkshire Hathaway's cash reserves exceed $300 billion;2. This week, the US Bitcoin ETF purchased over $2.2 billion worth of BTC;3. The central bank's Lu Lei: The closer Bitcoin is to assets, the further away it is from widely circulated currency;4. The circulation of USDC has increased by about 300 million in the past 7 days;5. Forbes: In October, the volatility of Tesla, AMD, and Nvidia stocks was higher than that of Bitcoin;6. Bitfarms will deploy 10,000 miners in Pennsylvania;7. The current probability of predicting Trump's victory in the US presidential election is 57.5%;8. MicroStrategy transferred 1652 BTC to a new wallet. #binancepizza

据 Arkham 监测，4 分钟前，Binance 机构托管平台 Ceffu 向 Binance 存入 1,279,959,528,068 枚 PEPE，约 1149 万美元。 #binancepizza

Robinhood Markets 在提交的第三季度报告中显示，公司收入和净存款大幅增加，这标志着尽管面临之前的挑战和监管压力，公司仍有望实现扭亏为盈。 #binancepizza

据 Whale Alert 监测，一个在 Tron 链上持有 8,563,180 枚 USDT 的地址在约 20 分钟前被冻结。
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据 CME“美联储观察”数据显示，美联储到 11 月降 25 个基点的概率为 76.1%，维持当前利率不变的概率为 23.9%。到 12 月累计降息 50 个基点的概率为 75.1%，累计降息 75 个基点的概率为 0%；累计降息 100 个基点的概率为 0%。（金十） #binancepizza

FTX estate 的破产计划获得了法官的批准，尽管围绕从 2022 年 11 月起根据加密货币资产价格向债权人分配资金的问题存在争议，但该公司仍得以接近清盘。 #binancepizza

DefiLlama 数据显示，Scroll 全网总锁仓价值（TVL）当前约为 5.47 亿美元，较 10 月 16 日（即空投快照前 3 天）9.91 亿美元的历史峰值已缩水 44.7%，接近腰斩。 #binancepizza

萨尔瓦多总统 Nayib Bukele 在对阿根廷的正式访问中，会见了阿根廷副总统 Victoria Villarruel，讨论了加密货币和萨尔瓦多在比特币方面的经验。据悉，Victoria Villarruel 表示：“个人想利用这几分钟的时间和你谈谈比特币，这是我非常感兴趣的事情。”此外，Villarruel 还对所谓的火山债券表现出了兴趣，这些债券已经被搁置了好几年。 Nayib Bukele 提出这些债券作为比特币城市融资计划的一部分，该城市是一个以比特币为中心的大都会，于 2021 年宣布建设，但至今尚未建成。（Bitcoin.com） #binancepizza

The total stablecoin market capitalization, excluding algorithmic stablecoins, hit its all-time high over the weekend, DefiLlama data shows.
Stablecoin’s market cap expanded by 0.8% over the past week to over $168.1 billion, surpassing the previous peak in March 2022 of around $167 billion.
The market cap hit a low of around $122 billion in October as the market cap started to dwindle a few months after the March 2022 high. Since the beginning of 2024, the stablecoin market cap has continued to grow, according to DefiLlama data.
A rising stablecoin market cap may indicate that crypto is attracting more money from institutional investors, Rachael Lucas, a crypto analyst of BTCMarkets, told The Block.
“Traditionally, demand for stability in uncertain market conditions has driven investors towards stablecoins as a safe haven,” Lucas said. “Alternatively, the increase in the stablecoin market cap could reflect growing confidence in the crypto market, especially from institutional investors.”
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Lucas added that stablecoins are being increasingly utilized by institutional investors as a bridge between TradFi and crypto. “This trend underscores a broader shift towards integrating stable digital assets into both trading strategies and long-term portfolios.”
Meanwhile, USDT
+0.00038%
, the largest stablecoin, has seen its market cap grow about 28% this year, from $91.68 billion at the beginning of this year to $117.84 billion today. USDT now accounts for about 70% of the total market capitalization, according to DefiLlama data.
Circle’s USDC, despite some fluctuations in market cap, has also experienced an upward trend in 2024, growing from $23.8 billion in early January to $34.4 billion today.
Disclaimer: The Block is an independent media outlet that delivers news, research, and data. As of November 2023, Foresight Ventures is a majority investor of The Block. Foresight Ventures invests in other companies in the crypto space. Crypto exchange Bitget is an anchor LP for Foresight Ventures. The Block continues to operate independently to deliver objective, impactful, and timely information about the crypto industry. Here are our current financial disclosures.
© 2024 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
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The decentralized prediction platform Polymarket accumulated a nearly $900 million bet for the winner of the United States 2024 presidential election.
U.S. Vice President and Democratic presidential candidate Kamala Harris leads the way with an estimated 50% chance of winning and a bet surpassing $127 million, according to the platform. Republican presidential candidate Donald Trump comes in a close second at 49% winning odds and a nearly $144 million bet.
Trump had initially been leading Harris in the Polymarket bet, but Harris flipped Trump on Aug. 12 when the prediction market for the winner was $572 million, The Block previously reported.
Beyond the candidates, Polymarket prediction markets focus on other aspects of the 2024 presidential election, such as the likelihood of Trump saying "crypto" or other words in the debate between him and Harris. To be sure, neither candidate mentioned cryptocurrency in the Sept. 10 discussion in Philadelphia.
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The 2024 presidential election has largely contributed to Polymarket's explosive growth in the past few months. August marked Polymarket's highest-ever number of active traders and monthly volume, bringing in 63,6200 and $472.84 million, respectively, according to The Block's Data Dashboard. The platform's cumulative volume sits at $1.75 billion as of Sept. 13.

Disclaimer: The Block is an independent media outlet that delivers news, research, and data. As of November 2023, Foresight Ventures is a majority investor of The Block. Foresight Ventures invests in other companies in the crypto space. Crypto exchange Bitget is an anchor LP for Foresight Ventures. The Block continues to operate independently to deliver objective, impactful, and timely information about the crypto industry. Here are our current financial disclosures.
© 2024 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
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Last week, the U.S. Securities and Exchange Commission approved BlackRock's proposal to list and trade options for its spot bitcoin exchange-traded fund, the iShares Bitcoin BTC
+1.14%
Trust ETF (ticker: IBIT). Firms like Grayscale and Bitwise have also been looking to list and trade options for their spot bitcoin ETFs following the SEC's approval of 11 spot BTC ETFs in January.
"I'm assuming others will be approved in short order," Bloomberg's senior ETF analyst Eric Balchunas said in a post on X. "Huge win for the bitcoin ETFs.”
So, how will the approval impact the world’s largest cryptocurrency?
ETF Store President Nate Geraci expects a “flurry” of new filings once options trading begins. “Bitcoin buffer or defined outcome ETFs. Bitcoin premium income or yield max (covered call) ETFs. Bitcoin tail risk ETFs. Bitcoin convexity ETFs. All of it,” he said in a post on X.
Meanwhile, Balchunas said it will attract more liquidity, which will, in turn, “attract more big fish.”
Retail traders typically use options for speculation, while larger institutions use options as a hedge. Bitcoin has a massive retail following, which means it is likely there will be more speculation in bitcoin ETF options when compared to ETF options on equities, according to market structure analyst Dennis Dick.
“Counter to common opinion, options actually reduce volatility,” Dick told The Block in an email. “As open interest rises, it creates natural buyers and sellers on both sides of the market… This thickens up the market and increases liquidity, which therefore reduces volatility.”
Because of this, Dick expects the volatility of the ETF’s underlying asset — in this case, bitcoin — to be reduced as more interest comes into trading the options on the bitcoin ETFs.
'Things will get wild'
Prime brokers offering margin lending in USD against bitcoin collateral significantly increase the supply of cash within the crypto market, said Arbelos Markets co-founder Joshua Lim. This influx of capital would likely flow into riskier areas of the ecosystem, driving investment from spot bitcoin ETFs into alternative assets like memecoins and NFTs.
“Options markets on IBIT (and market-maker willingness to bear the risk) will make it easier to price the risk inherent in margin lending against IBIT and make it more likely for prime brokers to lend against crypto… there will be an altcoin boom,” Lim said in a thread on X.
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Bitcoin's notional value will be "fractionally banked" through ETF options, said Jeff Park, head of alpha strategies at Bitwise. Unlike traditional equities, bitcoin cannot be diluted, creating unique volatility dynamics that amplify gains as prices rise, particularly during a gamma squeeze, according to Park.
“[T]he Bitcoin ETF options market is the first time the financial world will see regulated leverage on a perpetual commodity that is truly supply-constrained,” Park said. “Things will likely get wild. In such scenarios, regulated markets may shut down. But the remarkable thing about Bitcoin is that there will always be a parallel, decentralized market that can’t be shut down, unlike GME—which, as you can imagine, will add even more fuel to the fire.”
'I don’t think Satoshi Nakamoto would approve of this'
It’s that scenario Park described that bothers some in the market.
“My opinion is that the spot bitcoin ETF should never have been approved in the first place since bitcoin is not regulated and susceptible to price manipulation schemes like wash trading,” Joe Saluzzi told The Block. “The SEC made a big mistake when they approved the Bitcoin futures ETF. By doing so, they set a precedent and had little choice but to approve the spot bitcoin ETF. Now they find themselves in a predicament since they would have had a tough time defending a decision to not allow options on an approved ETF."
Saluzzi co-founded Themis Trading, an independent agency brokerage firm that trades equities for institutional money managers and hedge funds.
“I do think it's kind of ironic that bitcoin started as a decentralized finance concept and is now being largely influenced by the traditional Wall Street firms,” he said. “Somehow, I don’t think Satoshi Nakamoto would approve of this.”
Better Markets Director of Securities Policy Benjamin Schiffrin said the availability of options on spot bitcoin ETFs “could leave a trail of destruction in its wake.”
Schiffrin pointed to recent price drops in the price of bitcoin, particularly its 15% selloff in early August.
“Although options trading on spot bitcoin ETPs will inevitably be marketed to retail investors, options trades are typically unsuitable for retail investors even in the case of traditional securities such as stocks,” he said. “Indeed, options trading, at least for retail investors, is essentially gambling.”
Disclaimer: The Block is an independent media outlet that delivers news, research, and data. As of November 2023, Foresight Ventures is a majority investor of The Block. Foresight Ventures invests in other companies in the crypto space. Crypto exchange Bitget is an anchor LP for Foresight Ventures. The Block continues to operate independently to deliver objective, impactful, and timely information about the crypto industry. Here are our current financial disclosures.
© 2024 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
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Hark, the Federal Reserve, stated that the end of the balance sheet reduction depends on the market. The end of the easing cycle may keep the federal funds rate at around 3%.
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本文介绍了Mossfire Capital合伙人Raymond的交易经历和心路历程，他从投行进入比特币和加密货币领域，经历了对这个行业的犹豫和质疑，最终在DeFi Summer之后重新投入时间和金钱，找到了自己在加密货币领域的热情和方法论。 #binancepizza

Isaac Boltansky, head of policy research at BTIG, said that the US Securities and Exchange Commission (SEC) is about to undergo personnel changes. If approved by the Senate, Paul Atkins will replace Gary Gensler for a five-year term. However, Isaac Boltansky warned that despite the personnel changes at the SEC, there will still be "jurisdictional disputes" in the future. He pointed out that the agency and the US Commodity Futures Trading Commission sometimes have disputes over cryptocurrency regulation because "there are too many cooks in the kitchen and they cannot agree on what they are doing." In addition, the key issue of whether cryptocurrency should be classified as securities is still being tried in court, beyond the jurisdiction of US federal regulators. The next Congress will lead with a slight Republican advantage and may at least make clearer regulations on stablecoins.
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Jito 于 X 发文表示，已达到再质押（Restaking）存款上限（2500 万美元），请继续关注第二阶段，期间将提高全球存款上限。
昨日消息，Jito 官方宣布已开放再质押（Restaking）存款，初始存款限额为 147000 SOL。 #binancepizza

the US Dollar Index (DXY) broke through 106 and rose 0.28% during the day.
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