Latest news with #10x
Yahoo
01-08-2025
- Business
- Yahoo
Bitcoin's Momentum Is Losing Steam as Seasonal Headwinds Loom, 10x Research Says
Bitcoin (BTC) has been trading in an excruciatingly tight range just below $120,000, but the rally is quickly losing momentum as the market enters what has historically been a soft month for the crypto, a report from 10x Research warned. August has been bitcoin's weakest month over the past decade, with only three positive years and others delivering 5–20% losses, the report noted. The report also flagged a slowdown in capital flows into the Bitcoin network, a key driver of price action this year. Total cumulative inflows into the network now exceed $1 trillion, with $206 billion arriving in 2025. But the 30‑day rolling average slipped from $62.4 billion to $59.3 billion, that could mark the start of a consolidation phase, the report said, mirroring past peaks in this metric like in Q1 and Q4 2024. 'Time is running short, and despite billions in capital inflows from corporate treasuries, the actual price impact has been surprisingly muted,' wrote Markus Thielen, co-founder and lead analyst at 10x. 'This raises the possibility that even with continued support, the market may fall short of delivering the kind of upside many are hoping for.' The report forecasts a likely break below $117,000, with support at $112,000 and a deeper floor around the $106,000–$110,000 threshold. Still, BTC bulls may cling to the hope that the outlier August gains happened in 2013, 2017 and 2021, during Bitcoin's post-halving years coinciding with roaring bull markets. And 2025 might be a year just like in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
27-06-2025
- Business
- Yahoo
Is Coinbase's Rally Overextended?
Shares in Coinbase are nearing an overvaluation threshold, prompting research firm 10x to recommend a short position in the stock versus a long in bitcoin. Is short COIN/long BTC the way to go? CoinDesk's Jennifer Sanasie breaks it down on 'Chart of the Day,' presented by
Yahoo
14-05-2025
- Business
- Yahoo
Bruker and 10x Genomics settle patent dispute
Bruker and 10x Genomics have agreed to settle a patent dispute relating to products originally developed by Nanostring, a company Bruker acquired in 2024. Under the settlement, whose financial terms have not been disclosed, the two companies have entered into global cross-license agreements for their patents. Additionally, all ongoing lawsuits and administrative proceedings in the US, Germany, and before the European Unified Patent Court, will be withdrawn. Filed by 10x in 2023, the initial lawsuit asserted that Nanostring's GeoMx Digital Spatial Profiler, a product that profiles the spatial distribution of RNA and protein expression across a tissue sample, infringed on seven patents. In November 2023, the district court of Delaware sided with 10x. Nanostring, a publicly listed company when the lawsuit was filed, went bankrupt in February 2024. Bruker acquired the company a month later for $392.6m, and inherited the lawsuit. On 23 December 2024, Delaware's district court issued its ruling on post-trial motions, in which damages of $31.6m were upheld, yet enhanced damages requested by 10x were declined. The final motion, an injunction request by 10x, was granted by the court, meaning that sales of GeoMx products to new customers in the US would be halted. At the time, Todd Garland, Bruker spatial biology division's president, said the company would 'promptly seek a stay' on any injunction ordered and looked forward to the appeal of its case being heard by the US Court of Appeals for the Federal Circuit. Commenting on the settlement agreement, Mark Munch, president of the Bruker Nano Group, said the company was happy to have the 'distraction and expense' of the legal cases behind it. 'We're pleased that we have reached a worldwide settlement with 10x, putting an end to all litigation between us,' Munch said. 'This is a great outcome for the scientific community, who can continue their work using Bruker's CosMx and GeoMx spatial biology platforms without concern that litigation could interfere with their advancements in oncology, neurobiology, and other fields of research.' "Bruker and 10x Genomics settle patent dispute" was originally created and published by Medical Device Network, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Finextra
07-05-2025
- Business
- Finextra
West Brom Building Society picks Deloitte and 10x for digital makeover
West Brom Building Society has called in Deloitte and core banking provider 10x for a digital overhaul. 0 The UK's eighth largest building society has opted for 10x's cloud-based core system, which will let the mutual tailor products using a range of ready-made modules designed to take away unnecessary complexity, cost and risk. Meanwhile, West Brom is also adopting Converge by Deloitte, a composable accelerator designed to help banks and building societies deliver new digital capabilities at pace. The multi-phase programme will see West Brom's digital savings products enhanced, the migration of existing accounts to Converge and the 10x platform, and the unlocking of greater value across its mortgage portfolio. Jonathan Westhoff, CEO, West Brom Building Society, says: 'We chose to work with Deloitte and 10x because they understand what matters to us as a mutual - our customers. Working on this together is an exciting step forward in building the digital service and technology we want for the future." Founded by former Barclays boss Antony Jenkins, 10x is reportedly weighing a sale.
Yahoo
18-04-2025
- Business
- Yahoo
Bitcoin To Stay Range-Bound, But Options Trading Can Yield A Profit: 10x Research
Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. Bitcoin (CRYPTO: BTC) is expected to remain within a broad trading range of $73,000 to $94,000, making the strategy of selling calls and puts to capture premium particularly effective, according to a recent report by 10x Research analysts. What Happened: The analysis, which examines market dynamics amid ongoing trade war uncertainties, highlights a lack of clear momentum drivers and shifting investor behaviors in the cryptocurrency space. The 10x report notes that Bitcoin ETF inflows have been tepid, totaling just $225 million year-to-date as of April, with the potential to turn negative due to market uncertainty stemming from President Donald Trump's tariff policies. Don't Miss: 'Scrolling To UBI' — Deloitte's #1 fastest-growing software company allows users to earn money on their phones. You can invest today for just $0.26/share with a $1000 minimum. Coinbase's latest promo gets you up to $200 in crypto (Seriously!) — Here's everything you need to know to take advantage of this offer. This marks the third consecutive month of outflows for Bitcoin ETFs, a trend initially driven by arbitrage-focused hedge funds rather than genuine demand. Despite this, a new cohort of buyers, wallets holding between 100 and 1,000 BTC, emerged following Elon Musk's endorsement of Trump in August 2024, increasing their holdings by 700,000 BTC to 4.6 million to become the largest wallet group. However, these buyers, likely family offices and asset managers aligned with a pro-crypto stance, have paused accumulation, leaving the market without a dominant marginal buyer. Analysts at 10x emphasize that this lack of a clear buyer, combined with subdued on-chain data, suggests Bitcoin will not break out of its current range soon. "We expect Bitcoin to remain within a broad trading range, making the strategy of selling calls and puts to capture premium particularly effective," the report states, particularly as Bitcoin nears the midpoint of the $73,000 to $94,000 It Matters: The report also highlights weak retail trading volumes and limited fiat inflows, as evidenced by muted stablecoin minting, which further constrains Bitcoin's upside potential and indicates continued underperformance for altcoins. The market's recent rally has been driven by long-term holders focused on diversification rather than speculation, with a notable slowdown in new network addresses compared to previous cycles. This buy-and-hold strategy, distinct from the transactional activity of past bull runs, aligns with monthly cycle indicators like the stochastic oscillator, which signal a late-cycle phase rather than a new bull run. Despite short-term technical improvements, such as funding and basis rates ticking above the 10% hurdle rate, historically a 77% predictor of price increases three to six months later, the broader market structure remains weak. The 10x analysts advocate for a sophisticated approach in this environment, noting, "In an uncertain environment... selling puts (and calls) allows traders to benefit from range-bound conditions." With Bitcoin's support near $73,000 offering a risk-reward setup of 10% downside versus 20% upside, this strategy leverages option-implied volatility for attractive yields, contrasting with the near-zero premiums in basis trades. The report further states that Bitcoin's market now demands a finance-oriented skill set, with traders needing to shift between high-yield income strategies, directional positioning, and capital preservation. Read Next: BlackRock is calling 2025 the year of alternative assets. One firm from NYC has quietly built a group of 60,000+ investors who have all joined in on an alt asset class previously exclusive to billionaires like Bezos and Gates. Deloitte's fastest-growing software company partners with Amazon, Walmart & Target – Last Chance to get 4,000 of its pre-IPO shares for just $0.26/share! Image: Shutterstock Send To MSN: Send to MSN This article Bitcoin To Stay Range-Bound, But Options Trading Can Yield A Profit: 10x Research originally appeared on
