Quick Take A Sharpe Ratio for Bitcoin (BTC) +0.97 over the past five years presents a noteworthy observation, according to Jurrien Timmer, director of Global Macro at Fidelity. Despite the renowned volatility of Bitcoin, this ratio suggests that the digital asset has offered a close to even exchange between risk…
A novel aspect of the new spot Bitcoin ETFs, as approved by the SEC, is the cash-creation mechanism for issuing and redeeming shares. The ETFs are considered commodity-shares ETFs, yet, as BlackRock points out in its iShares Bitcoin ETF (IBIT) prospectus, “all spot-market commodities other than bitcoin, such as gold…
Crypto exchange OKX will discontinue its mining pool services due to “business adjustments” reasons, according to a Jan. 26 statement. The platform said it had halted new customer registrations, effective immediately. Existing users will retain access to the platform until Feb. 25, after which all mining pool-related services will be…
Analysts from banking giant JPMorgan believe that the profit-taking from the Grayscale Bitcoin Trust (GBTC) may have concluded, potentially alleviating the downward pressure on Bitcoin prices. The analysts explained that they had estimated that GBTC could see as much as $3 billion in outflows from investors previously exposed to its…
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Bankrupt crypto lending platform Celsius has shifted 459,561 Ethereum (ETH), valued at over $1 billion, to centralized exchanges, including Coinbase, Paxos, and FalconX, in the past 24 hours, per on-chain data. In detail, more than 300,000 ETH, equivalent to $673 million, was sent to Coinbase Prime. The firm also moved…
What is CryptoSlate Alpha? A web3 membership designed to empower you with cutting-edge insights and knowledge. Learn more › Connected to Alpha Welcome! ???? You are connected to CryptoSlate Alpha. To manage your wallet connection, click the button below. Oops…you must lock a minimum of 20,000 ACS If you don’t…
Flipside Crypto reported that blockchain users and activity grew throughout 2023 in a report shared with CryptoSlate on Jan. 25. The analytics company wrote: “Crypto recently has been fluctuating through extremes, with on-chain activity and user sentiment swinging wildly throughout the last year … but ultimately, the past many months…
In an in-depth interview with Bitcoin Magazine on Jan. 24, Bitcoin Core developer Luke Dashjr voiced significant concerns about the increasing centralization of Bitcoin mining. Dashjr believes that the dominance of a few large mining pools poses a serious threat to the decentralized nature of Bitcoin, potentially leading to censorship…
The anticipation of the first spot Bitcoin ETFs in the U.S. fueled Bitcoin to a 21-month high of $49,000. However, the high it reached on Jan. 10 was short-lived, as the price dropped swiftly and sharply to a low of $39,450 on Jan. 21. This sharp decline, which many deemed…