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Proshares Bitcoin futures fund in top 2% of all ETFs for volume
Since its launch on Oct. 19 Proshares’ Bitcoin futures exchange-traded fund (ETF) has been a popular choice with traders, rising to the top 2% of all ETFs in terms of total trading volume. Bloomberg’s Senior ETF analyst Eric Balchunas noted on Nov. 11 that the ProShares Bitcoin Strategy ETF (BITO) had $400 million worth of shares traded yesterday, with its average volume consistently putting it in the top 2% of all ETFs. $BITO and $BTF both had their biggest volume days in about two weeks. $BITO with a $400m traded, which is not only a ton but = 25% turnover in one day- indicating its usage as a trading tool. pic.twitter.com/ukDGeSEa6F — Eric Balchunas (@EricBalchunas) November 10, 2021 BITO has seen roughly $112.79 million combined inflows over the past nine days. While the figure pales i...
Elon Musk offloads $1.1B in Tesla stock
Tesla CEO Elon Musk has offloaded more than one billion dollars worth of shares according to recent financial filings. Filings submitted on Nov. 11 to the Securities and Exchange Commission confirm the sale of more than 934,000 Tesla shares worth around $1.1 billion. Musk sold the shares at an average price of around $1,170, locking in almost 180% in gains in prices over the past year. It is just the third time Musk has sold company stock since Tesla went public on the Nasdaq in 2010, and it is his largest transaction. The filings show that Musk planned to sell the stock as part of his tax obligations back in September. He polled his 63 million followers at the weekend, asking whether he should sell 10% of his Tesla holdings. Of the 3.5 million respondents, almost 58% said yes. Howev...
U.S. and China step to forefront as climate talks near end game
“Cooperation is the only choice for both China and the United States,” said China’s climate envoy, Xie Zhenhua. “As two major powers in the world, China and the U.S. shoulder special international responsibilities and obligations. We need to think big and be responsible.” Kerry echoed that sentiment, even as he acknowledged the tensions between Washington and Beijing. “The United States and China have no shortage of differences. But on climate, cooperation is the only way to get this job done. This is not a discretionary thing, frankly. This is science,” Kerry told a press conference. The U.S.-China agreement called for the two to take “enhanced climate actions” and pursue efforts to reach the Paris climate agreement’s stretch goal of limiting global warming to 1.5 degrees Cels...
U.S. and China step to forefront as climate talks near end game
“Cooperation is the only choice for both China and the United States,” said China’s climate envoy, Xie Zhenhua. “As two major powers in the world, China and the U.S. shoulder special international responsibilities and obligations. We need to think big and be responsible.” Kerry echoed that sentiment, even as he acknowledged the tensions between Washington and Beijing. “The United States and China have no shortage of differences. But on climate, cooperation is the only way to get this job done. This is not a discretionary thing, frankly. This is science,” Kerry told a press conference. The U.S.-China agreement called for the two to take “enhanced climate actions” and pursue efforts to reach the Paris climate agreement’s stretch goal of limiting global warming to 1.5 degrees Cels...
Elon Musk Sold $1.1 Billion USD of Tesla Stock To Pay Taxes, Following Twitter Poll
Following his questionable Twitter poll, Elon Musk has now sold 934,000 shares/$1.1 Billion USD of Tesla Stock to satisfy taxes from options. Last week, the CEO of the electric car manufacturer launched a poll on Twitter, proposing the sale of 10% of his Tesla stock. Receiving 58% of the 3.5 million votes in favor of a sale, Musk exercised 2.15 million options at a price of $6.24 per contract. Word of the poll made headlines plummeted Tesla’s stock and effectively dropping $50 billion USD from Elon Musk’s net worth. It is interesting to note that the contracts sold were from a stock option award Musk received in 2012 and were set to expire August 2022. An official filing with the SEC notes the sales were to “solely to satisfy the reporting person’s tax withholding obligations related to th...
Watch Alesso Debut His First-Ever NFT at Dreamverse Festival In New York City
Alesso has set the tone for the future of NFTs by unveiling his debut drop, dubbed “Cosmic Genesis,” at Dreamverse, the world’s first-ever NFT art and music festival. Last month fans were given cryptic clues and a special decoder to decipher Alesso’s NFT through social media. Opting in on the OneOf platform provided fans with the special decoder which, once deciphered, unlocked the first chapter of the “Cosmic Genesis” story. “Cosmic Genesis” is a video series consisting of four chapters in total. Each represents a new curated audiovisual experience—a piece of Alesso’s vision—and new music from the Swedish EDM superstar. Dreamverse kicked off on November 4th and was the world’s first combined NFT art gallery and mus...
Price analysis 11/10: BTC, ETH, BNB, ADA, SOL, XRP, DOT, DOGE, SHIB, LUNA
Bitcoin (BTC) and Ether (ETH) have again risen to a new all-time high on Nov. 10, indicating that the trend remains firmly in favor of the bulls. In a recent report from Kraken exchange, analysts said that the current quarter’s price action has a correlation of 0.88 with the fourth quarter of 2017. Bitcoin had rallied 220% in 4Q 2017 and if history repeats itself, Bitcoin could reach $96,355, which could potentially be this cycle’s top. Daily cryptocurrency market performance. Source: Coin360 Long-term holders, who have held their Bitcoin for more than 12 months, are reluctant to spend their coins, according to Glassnode’s “The Week On-Chain” report. Another positive is that investors continue to withdraw coins from centralized exchanges whose share of supply has dropped to a new record lo...
ENS’ director of operations says that DAO-based governance ‘has always been the plan’
On Monday, distributed domain protocol Ethereum Name Service, or ENS, launched its own governance token in an effort to distribute voting rights for its new decentralized autonomous organization, or DAO, to active users of the ecosystem. Cointelegraph spoke with Brantly Millegan, ENS’ director of operations, to learn more about the nonprofit’s decision to shift to a DAO model and his thoughts on the power of the ENS community: “ENS is an open public protocol. The core components of ENS are decentralized and self-running (e.g., no one can take away another person’s .ETH name), but there are a few things that require some human discretion.” He noted that previously, ENS was controlled by a four-of-seven multisignature scheme, with members of related projects acting as keyholders. They facili...
Fresh Bitcoin price highs put bulls in profit for Friday’s $1.2B BTC options expiry
Every time a new Bitcoin (BTC) all-time high is formed, excessive expectations follow. This time was no different as its price briefly touched $69,000 in the early hours of Nov. 9. Bitcoin 8h, we got our November 9th historical correction, seems to be very minor for now. Naturally I expect at bigger correction after we hit the 84k region, and then into blast off.$BTC #Crypto #Bitcoin pic.twitter.com/cfbBkOIFEK — Miles J Creative (@JohalMiles) November 9, 2021 Words are just words, so there’s no loss from being excessively bullish or bearish, but in options markets there’s a cost for placing those bets. For example, on Nov. 10, a right to buy Bitcoin (call option) at $100,000 on Dec. 31 is trading at BTC 0.022, or $1,460. For this privilege, the investor pays an upfront fee, which is ...
Influx of crypto miners to Kazakhstan reportedly strains energy supply
Now responsible for the second-largest contribution to the Bitcoin hash rate, Kazakhstan’s energy grid may be unprepared to handle the addition of many cryptocurrency miners from China and others looking to capitalize on low-cost electricity. In a Wednesday report from Reuters, government officials in Kazakhstan estimate that unregistered crypto miners in the country could be consuming twice as much power as those registered to avoid paying taxes and other fees. Together, all crypto miners in the country could be using as much as 1.2 gigawatts, or roughly 8% of Kazakhstan’s total power generation capacity. According to Murat Zhurebekov, Kazakhstan’s vice minister of energy, addressing the potential strain on the nation’s power grid “cannot be delayed any longer.” He said ...
Mariah Carey Teams Up With McDonald’s For a Menu of Free Goodies Leading Up to Christmas
“Some of my favorite memories with my kids are our family trips to McDonald’s, and of course, each of us has our go-to order. Mine is the Cheeseburger, and I get it with extra pickles,” Carey said in a press release for the announcement. “Bringing together some of our favorite food from McDonald’s with my all-time favorite season is a holiday wish come true.” “Mariah goes with the holidays like ketchup and fries, so we couldn’t think of a better partner to help us celebrate the upcoming season,” said Jennifer Healan, vice president, U.S. marketing, brand content and engagement of McDonald’s USA. “Just like McDonald’s brings people around the table with their favorite orders, Mariah’s music connects us all during ...
Jay-Z Wins Trial Over Soured Cologne Deal
“You failed to prove your case, they failed to prove their case,” Justice Andrew Borrok said to an attorney for Parlux after the verdict was read aloud in court. “You’re excused.” Wednesday’s verdict came after nearly six years of litigation over “Gold Jay-Z,” which the superstar launched in 2013 through a partnership with Parlux, which had previously launched licensed fragrances with other major artists like Rihanna. Parlux accused Jay-Z and his S. Carter Enterprises of failing to promote the fragrance, breaching the terms of their business contract and costing the company millions. The lawsuit said he refused to appear for events like Good Morning America and then refused to approve later iterations needed to keep the brand relevant. Jay-Z denied ...
