Latest news with #BTSE
Yahoo
2 days ago
- Business
- Yahoo
Ether, Dogecoin Surge, Outpaces Bitcoin as DeFi Comments Spurs Bullish Mood
Bitcoin BTC stayed steady above $109,500 in Asian morning hours Wednesday, a rebound that started after last week's profit-taking. However, all eyes are on ether ETH with traders commenting on upside volatility in the weeks to come and reporting record volumes for certain ETH-based products on some exchanges. ETH zoomed 5% in the past 24 hours, leading gains among majors. 'Investors are finally recognizing the compelling investment opportunity that Ethereum presents. It's still trading well below its all-time highs, while bitcoin is already near its ATH levels,' said Jeff Mei, COO at BTSE, in a message to CoinDesk. He pointed to Ethereum's growing role in tokenizing real-world assets like stocks, money-market funds, and U.S. Treasuries, adding that it was 'very likely that Ethereum will reach and/or surpass its all-time high price by the end of the year.' Ether ETFs have attracted more than $800 million in the past two weeks alone, outpacing bitcoin's sub-$400 million, according to SoSoValue data. That's helped the spread between ether's implied volatility and bitcoin's reach its highest level since late 2022 — a sign traders expect bigger price swings ahead. Open interest in ether perpetuals on Kraken hit an all-time high of 30,000 ETH this week, said Alexia Theodorou, Head of Derivatives at Kraken, in an email to CoinDesk. 'This signals a notable uptick in speculative activity around the second-largest cryptocurrency by market cap,' she noted. However, she cautioned that the market 'has yet to form a clear directional consensus,' with the long/short ratio still well below January levels. Elsewhere in the market, Solana SOL and Cardano ADA posted gains of 4.7% and 3.3%, respectively, adding to the risk-on tone, while XRP XRP rose 2% to $2.30. Ethereum beta bet dogecoin DOGE climbed 3.7% to reverse all of last week's losses. Traders are closely watching upcoming U.S. CPI data on Wednesday, which could sway Federal Reserve rate expectations and shape risk sentiment ahead of next week's meeting.
Business Wire
3 days ago
- Business
- Business Wire
Volante Labs CEO to Speak at German Blockchain Week 2025: The Future of Real-Time Payroll Is Already Here
BERLIN--(BUSINESS WIRE)-- German Blockchain & AI Week 2025 is set to be one of the most influential gatherings of the year for digital finance, Web3, and AI infrastructure. Held at Spielfeld Hub Berlin on June 13, the conference brings together top minds building the future of Europe–Asia finance. Ex-OpenAI AI specialist Joey Bertschler will speak at GBW 2025, revealing how Volante Labs is building blockchain's real-world killer app: global, real-time payroll — live now, card-connected, and scaling fast. Share Among the headline speakers: Joey Bertschler, CEO of Volante Labs ( and former AI specialist at OpenAI, who will appear on a dedicated panel to share how real-time payroll infrastructure is already transforming global wage systems — and why that opens the door to one of the most powerful blockchain utilities of the decade. 'What if you could get paid every hour — in stablecoins, yen, or USD — without payroll stress, delays, or middlemen?' 'We've already built that.' Joey leads Volante Labs, a multi-million-dollar hybrid company operating at the intersection of AI, blockchain, and finance. They are currently live on BTSE and BingX (VOL/USDT), powering earned wage access (EWA) and instant disbursement in emerging markets like Kenya, Vietnam, and Latin America — with upcoming expansion focused on Berlin and deep integrations already live in Japan. To bring that infrastructure directly to users, the company recently launched the Volante Card — a globally usable payment card that connects directly to the VolanteChain platform, letting users spend earnings in real time. It's one of the few crypto-backed payroll products in the world that's already functional, compliant, and in circulation. Speaking Topic From Blocks to Paychecks: Real-Time Payroll Infrastructure for a Borderless Economy A rare look into how blockchain, AI, and digital rails are converging to reshape the way workers get paid — and why it may become the backbone of tomorrow's financial system. For investors, partners, and builders interested in sustainable blockchain use cases, Volante represents more than a product — it's a global financial backbone in motion. Joey's appearance at GBW is not just a panel. It's an invitation.
Yahoo
22-05-2025
- Business
- Yahoo
Bitcoin Smashes Past $111K, Setting New Record Highs, on Institutional Fervor
Bitcoin (BTC) broke through $111,000 for the first time early Thursday, setting a fresh all-time high as capital continues to pour into the asset from an increasingly institutional class of buyers. BTC rose nearly 3.5% to touch $111,878 during Asian morning hours, CoinGecko data shows, lifting overall market capitalization 1.7%. Major tokens from xrp to dogecoin (DOGE) showed little movement The demand isn't just coming from crypto-native funds or retail traders. Publicly listed companies increasingly treat BTC as a treasury asset, using capital markets to raise cash and buy more of the token. 'We think that large institutions are driving Bitcoin's rally,' said Jeff Mei, COO at BTSE, said in a Telegram message. 'This trend will likely continue, especially as more companies tap public markets and ETF inflows remain strong. May alone saw $3.6 billion in net ETF demand. 'Options traders have taken note. Contracts for $110,000, $120,000 — and even $300,000 — expiring in late June currently hold the most open interest on Deribit, suggesting traders are positioning for more upside before summer ends." After years of public skepticism, JPMorgan Chase reportedly offers clients access to bitcoin, signaling a deeper shift in how traditional finance views crypto exposure. 'As the largest bank in the U.S., its decision adds a new layer of legitimacy to Bitcoin, potentially nudging other traditional financial institutions toward similar offerings to avoid falling behind,' said Ryan Lee, chief analyst at Bitget Research, in a message to CoinDesk. Despite macroeconomic headwinds, including rising bond yields, geopolitical noise, and a downgraded U.S. credit rating, bitcoin has shown 'remarkable resilience,' said QCP Capital in a Thursday note. 'A breakout to new highs could ignite a fresh wave of FOMO,' they added, 'dragging in sidelined retail capital and pushing prices even higher.'
Yahoo
13-05-2025
- Business
- Yahoo
South Koreans Bet Big on XRP, Dogecoin as Easing Trade War Fuels Risk Taking
Retail traders in South Korea are piling into XRP and dogecoin (DOGE) in a sign of returning risk-on sentiment among speculative traders. Trading volumes of the two tokens on local exchanges crossed bitcoin (BTC) and ether (ETH) in the past 24 hours. The surge comes amid renewed risk-on sentiment across crypto and equity markets as U.S.-China trade tensions ease and macro indicators point to possible rate cuts later this year, some traders say. Both XRP and DOGE have climbed more than 15% over the past week, outpacing bitcoin's 10% move, while ETH has soared nearly 40%, marking its biggest weekly gain since 2021. 'Risk assets have recovered sharply to levels that are now challenging even the most ardent bears,' said Augustine Fan, head of insights at crypto options platform SignalPlus. 'We believe the pain trade remains to be higher prices until more macro bears throw in the towel.' UpBit, the biggest by trading volumes in Korea shows 24-hour volumes on XRP/KRW and DOGE/KRW exceeded $250 million, while those for bitcoin and ether remain under $150 million. The pattern mirrors previous euphoric retail phases in Korea's crypto market, often dubbed the 'Kimchi premium' era, where local investors aggressively chased high-volatility assets. Korean crypto markets have long served as a bellwether for retail sentiment. The move also coincides with a broader market rally fueled by a massive $1 billion short squeeze last week as overleveraged positions were forcibly closed amid surging prices. 'We subscribe to the view that this was a classic market short-squeeze against an exceptionally one-sided market,' Fan added. 'There's no evidence of significant ETH ETF inflows, suggesting this was purely a native positioning event.' The enthusiasm in Korea also reflects improving geopolitical sentiment. U.S. and Chinese officials on Monday said they would heavily cut tariffs on some goods to 30% from 145% for 90 days, following weeks of speculation on what the two superpowers would do. 'Investors are less apprehensive about crypto as U.S.-China trade talks find resolution and rate cuts appear more likely,' said Jeff Mei, COO of BTSE. 'If the Fed signals a dovish pivot next month, it could push bitcoin past all-time highs and re-ignite lending and investment in the U.S. economy.' While traders continue to watch for follow-through on institutional ETF flows and upcoming central bank guidance in June, the short-term momentum suggests that altcoin speculation is leading the current leg higher. 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
Yahoo
02-05-2025
- Business
- Yahoo
Bitcoin Traders Brace for ‘Sell in May and Go Away' as Seasonality Favors Bears
A bitcoin (BTC) breakout earlier this week has traders eyeing the $100,000 level in the coming days, a euphoric trade that could be short-lived as May's seasonality approaches. 'Historically, the next couple of months have been weak for financial markets, with many investors abiding by the Sell in May and Walk Away adage,' Jeff Mei, COO at BTSE, told CoinDesk in a Telegram message. 'That being said, markets have significantly underperformed over the last few months, but this year could buck the trend, with Bitcoin hitting $97K and other growth stocks coming back over the last few weeks. This past week's weak GDP numbers coming out of the US indicate some risk, as another report of negative GDP growth next quarter would indicate a recession, but rate cuts could lead to a rebound as well,' Mei added. The adage 'Sell in May and go away' is a long-standing seasonal saying in traditional financial markets. It suggests that investors should sell their holdings at the beginning of May and return to the market around November, based on the belief that equity markets underperform during the summer due to lower trading volumes, reduced institutional activity, and historical returns data. The phrase dates back to the early days of London Stock Exchange and was originally 'Sell in May and go away, come back on St. Leger's Day,' referencing a mid-September horse race. Historically, U.S. stock markets have shown weaker performance from May through October than from November through April, leading to the strategy becoming a seasonal rule-of-thumb for some investors. Bitcoin also shows recurring seasonal patterns, often influenced by macro cycles, institutional flows, and retail sentiment. CoinGlass data show the asset's May performance has been negative or muted recently. In 2021, BTC dropped 35%, one of its worst months that year. In 2022, May was again negative, with a 15% drop amid Luna's collapse. In 2023, BTC was flat to mildly positive, reflecting muted popped up 11% last May and ended May 2019 up 52% — a standout performance from all months following 2018, when crypto markets are generally thought to have matured after that year's altcoin cycle. Red May months are followed by more declines in June, the data shows, with four of the past five June months ending in red. These patterns don't guarantee future performance, they suggest that crypto markets may be increasingly reacting to the same macro and seasonal sentiment as equities, especially as more institutional capital enters the space. Traders may grow cautious based on historical price seasonality and fading momentum after strong Q1 rallies. Altcoins, especially meme coins, may be particularly vulnerable to pullbacks, given their recent hype-driven rallies and speculative flows. 'Since 1950, the S&P 500 has delivered an average gain of just 1.8% from May through October, with positive returns in about 65% of those six-month periods—well below the stronger performance seen from November through April,' Vugar Usi Zade, COO at crypto exchange Bitget, told CoinDesk in a Telegram message. Over the past 12 years, average Q2 returns (April–June) for BTC have stood at 26%, but with a median of only 7.5% — a sign of outlier-driven performance and recurring volatility. By Q3 (July–September), the average return drops to 6%, and the median turns slightly negative, suggesting a pattern of post-Q2 fatigue or consolidation, Zade added, citing data. 'This seasonality overlap suggests caution heading into May. Historically, Q4 marks Bitcoin's strongest seasonal period, with an average return of +85.4% and a median of +52.3%, whereas Q3 tends to deliver more muted or negative outcomes,' Zade said. In short, while Wall Street calendars don't bind crypto, market psychology still responds to narratives, and 'Sell in May' could become a self-fulfilling prophecy — especially if technicals start to crack and sentiment flips. Sign in to access your portfolio
