Latest news with #Velo
Yahoo
3 days ago
- Business
- Yahoo
Ether Favored Over Bitcoin by Big Money, Here Are 3 Clues That Point to ETH Bias in Crypto Market
The futures and options market, a proxy for big money, is increasingly backing ether ETH over bitcoin BTC in a major market shift. Bitcoin, the leading cryptocurrency by market capitalization, recently reached record highs of over $ 110,000. According to CoinDesk data, the cryptocurrency has gained over 16% this year, drawing strength from the macroeconomic factors and persistent inflows into the spot bitcoin exchange-traded funds. Meanwhile, ether has dropped 20% this year despite its parent blockchain, Ethereum, maintaining its pole position in the decentralized finance (DeFi) and tokenization markets. The performance gap, however, may be closed in the near term as the following indicator shows a growing bullish bias for ether. Options listed on Deribit show a stronger bullish positioning for ether relative to bitcoin. Options are derivative contracts that give the purchaser the right but not the obligation to buy the underlying asset at a predetermined price on or before a specific date. A call option gives the right to buy and represents a bullish bet on the market, while a put option provides protection against price drops. As of writing, both BTC and ETH's 25-delta risk reversals, a measure of sentiment derived by examining the difference in implied volatility (demand) between calls and puts, were positive, reflecting a bias towards call options. However, ETH risk reversals were more expensive than BTC. In other words, traders were relatively more bullish on ether compared to bitcoin. The notional open interest in CME bitcoin futures, which represents the dollar value of the number of active contracts, has risen by roughly 70% to over $17 billion since the early April crash, according to data source Velo. The growth, however, has stalled above $17 billion over the past seven days. The CME is considered a proxy for institutional activity. Meanwhile, ether's open interest has jumped 186% to $3.15 billion since the early April crash. The growth has accelerated over the past two weeks. The diverging trends show institutions are increasingly leaning toward ether. The bias for ETH is also evident from the relative richness of premiums in ether futures. As of the time of writing, one-month Ether futures boasted an annualized premium of 10.5%, the highest since January, according to Velo. Meanwhile, bitcoin futures premium was 8.74%. Elevated premiums indicate optimism and strong buying interest, often signaling a bullish trend. Therefore, the relative richness of ether futures premium suggests traders are more bullish on ETH compared to BTC. After all, ether is still 84% short of record highs reached during the 2021 bull run. There is also a possibility that the BTC's basis may have been held lower by cash and carry arbitrage (non-directional) traders. A similar divergence is observed on offshore exchanges, where annualized funding rates, representing the cost of holding long positions in ETH perpetual futures, has neared the 8% mark. Meanwhile, BTC's funding rates hold below 5%.
Perth Now
20-05-2025
- General
- Perth Now
Cycling Without Age Mandurah adds wheelchair bike to fleet
There's a famous saying that you need to get back on that bike but for some, that's nearly impossible. But thanks to Cycling Without Age Mandurah and its fleet of trishaws, elderly passengers and people with disabilities have a chance to feel the wind in their hair while a volunteer pedals up a storm behind them. The volunteer-run organisation recently added a wheelchair bike to its fleet, meaning even more people can hop on board. Your local paper, whenever you want it. The speciality bikes enable wheelchair users to be cycled around Mandurah. Credit: Benjamin Chisholm Cycling Without Age launched in Denmark in 2012, providing thousands of free bicycle rides to the elderly, people with disabilities and other community members. Four years ago, the Mandurah branch was running on a borrowed trishaw before Geoff and Lisa Kelly donated its first vehicle. They named the trishaw Barbara, after Ms Kelly's mum, who loved to give back to the community while she was alive. The second trishaw was donated by the Rotary Club of Mandurah in memory of Rod Atkinson, and the Velo bike was added this year thanks to Bendigo Community Bank Halls Head in memory of Allan, their first chairman, who died in 2023. The specialty bikes are made in Copenhagen, with a trishaw costing $17,864. The Velo wheelchair bike cost $20,000. Ms Kelly, who also volunteers for Cycling Without Age, said the smiles on passengers' faces were priceless. 'There are a lot of older adults and people with disabilities who are isolated or would love to ride a bike but physically it is impossible, so this is the next best thing,' she said. 'Sometimes people are a little hesitant to become a passenger, but once they get past their fear the smile on their faces after the ride is fantastic, and as a volunteer, it gives me great joy and satisfaction. 'We have aged-care facilities bringing residents out for a morning tea, and we quite often get repeat passengers.' Cycling Without Age Mandurah runs on Tuesday and Fridays and can be found outside Tods Cafe at Mandurah Foreshore. Bookings can also be made via email at bookings@
Pembrokeshire Herald
04-05-2025
- Automotive
- Pembrokeshire Herald
Major disruption to Cardiff rail services after embankment fire
Dozens of historic motorcycles, local legends and rare finds mark a standout vintage event HAVERFORDWEST'S HaverHub echoed with the sound of history on Saturday (May 3) as the Pembrokeshire Vintage and Classic Motorcycle Club rolled into town for their annual showcase — and by all accounts, it was a roaring success. More than 50 vintage motorcycles, some dating back over a century, were proudly displayed by their owners. Each machine came with its own story, offering a living, polished timeline of motorcycling history. The event drew enthusiasts from across West Wales and beyond, raising funds for local charities including Blood Bikes Wales, VC Gallery, the Welsh Air Ambulance and Milford Haven Sea Cadets. One of the standout bikes was a 1922 Velocette E2, believed to be the sixth-oldest Velo in the world, featuring the oldest known example of the Velocette tank badge, applied 103 years ago. This 220cc two-stroke machine was the first of its kind to be fitted with both a clutch and kickstart. Exported to France in 1922, it passed through the hands of famed French trials rider M. A. Burger. Another remarkable machine was the 1969 BSA Rocket 3 MK1, a 750cc three-cylinder powerhouse capable of up to 120mph. Previously owned in the US, the bike was brought back to the UK in 2016 and lovingly refurbished by John Mackay in 2017. With many original parts still intact, it remains in top condition and has featured in multiple club runs. Adding a poignant local connection to the event was a 1933 BSA Blue Star Junior, once owned by the late Jack Garland of Milford Haven — the father of event organiser Captain Glyn Garland and grandfather of Herald editor Tom Sinclair. Originally supplied by Bowens of Llawhaden, the bike was recommissioned in 1971 and passed down through the Garland family. Now owned by Phil Hallett, it remains largely original and fully roadworthy. Also on show was a 1958 Velocette Venom, registered XOJ 81 and owned by Milford's Gary Kimber, which has clocked over 130,000 miles and toured across Europe, including Germany. It has been carefully updated over the years with modern electrics and safety features. For those with an eye to buy, a 1970 BSA B25 Starfire, owned by Mike Harries, was listed for sale at £2,700. And for the Italian enthusiasts, Phill Walker's 1975 Ducati 860 GTS — a complete barn find restoration — proved a talking point. Once featured in Classic Bike Guide, the red-framed machine had been rescued from obscurity in 2020 and took 18 months to fully restore. Live music from Becket 'The Bullet' Thomas brought extra atmosphere to the free event, which invited donations to a number of causes. Organisers say they were delighted with the turnout, and hope to return next year with even more rare and interesting machines. Organiser, Captain Glyn Garland said: 'The club is thankfully for the 2800 visitors who attended the show and supported the charities at the event. 'We were delighted to award the following prizes: Best Vintage 1915 -1930 – Mile Jones (1922 Velocette E2) Best Post Vintage 1930 -1945 – James Colley (1939 Norton International) Best Classic 1945 -2000 – Jim Buck (1957 Super Rocket) Best Two stoke – Gary Richards (1975 Suzuki Titan 500) Most technically Interesting – Dai Garland (1965 Honda 77) Judges' Award – Kelvin Williams (1970 Suzuki Hustler) Kelvin Williams being awarded the Judges Award for his Immaculate 1970 Suzuki 250cc Hustler.
Pembrokeshire Herald
04-05-2025
- Automotive
- Pembrokeshire Herald
Hundreds of vintage tractors descend on Pembrokeshire for annual run
Dozens of historic motorcycles, local legends and rare finds mark a standout vintage event HAVERFORDWEST'S HaverHub echoed with the sound of history on Saturday (May 3) as the Pembrokeshire Vintage and Classic Motorcycle Club rolled into town for their annual showcase — and by all accounts, it was a roaring success. More than 50 vintage motorcycles, some dating back over a century, were proudly displayed by their owners. Each machine came with its own story, offering a living, polished timeline of motorcycling history. The event drew enthusiasts from across West Wales and beyond, raising funds for local charities including Blood Bikes Wales, VC Gallery, the Welsh Air Ambulance and Milford Haven Sea Cadets. One of the standout bikes was a 1922 Velocette E2, believed to be the sixth-oldest Velo in the world, featuring the oldest known example of the Velocette tank badge, applied 103 years ago. This 220cc two-stroke machine was the first of its kind to be fitted with both a clutch and kickstart. Exported to France in 1922, it passed through the hands of famed French trials rider M. A. Burger. Another remarkable machine was the 1969 BSA Rocket 3 MK1, a 750cc three-cylinder powerhouse capable of up to 120mph. Previously owned in the US, the bike was brought back to the UK in 2016 and lovingly refurbished by John Mackay in 2017. With many original parts still intact, it remains in top condition and has featured in multiple club runs. Adding a poignant local connection to the event was a 1933 BSA Blue Star Junior, once owned by the late Jack Garland of Milford Haven — the father of event organiser Captain Glyn Garland and grandfather of Herald editor Tom Sinclair. Originally supplied by Bowens of Llawhaden, the bike was recommissioned in 1971 and passed down through the Garland family. Now owned by Phil Hallett, it remains largely original and fully roadworthy. Also on show was a 1958 Velocette Venom, registered XOJ 81 and owned by Milford's Gary Kimber, which has clocked over 130,000 miles and toured across Europe, including Germany. It has been carefully updated over the years with modern electrics and safety features. For those with an eye to buy, a 1970 BSA B25 Starfire, owned by Mike Harries, was listed for sale at £2,700. And for the Italian enthusiasts, Phill Walker's 1975 Ducati 860 GTS — a complete barn find restoration — proved a talking point. Once featured in Classic Bike Guide, the red-framed machine had been rescued from obscurity in 2020 and took 18 months to fully restore. Live music from Becket 'The Bullet' Thomas brought extra atmosphere to the free event, which invited donations to a number of causes. Organisers say they were delighted with the turnout, and hope to return next year with even more rare and interesting machines.
Pembrokeshire Herald
04-05-2025
- Automotive
- Pembrokeshire Herald
Haverfordwest roars with nostalgia as classic bikes take over HaverHub
Dozens of historic motorcycles, local legends and rare finds mark a standout vintage event HAVERFORDWEST'S HaverHub echoed with the sound of history on Saturday (May 3) as the Pembrokeshire Vintage and Classic Motorcycle Club rolled into town for their annual showcase — and by all accounts, it was a roaring success. More than 50 vintage motorcycles, some dating back over a century, were proudly displayed by their owners. Each machine came with its own story, offering a living, polished timeline of motorcycling history. The event drew enthusiasts from across West Wales and beyond, raising funds for local charities including Blood Bikes Wales, VC Gallery, the Welsh Air Ambulance and Milford Haven Sea Cadets. One of the standout bikes was a 1922 Velocette E2, believed to be the sixth-oldest Velo in the world, featuring the oldest known example of the Velocette tank badge, applied 103 years ago. This 220cc two-stroke machine was the first of its kind to be fitted with both a clutch and kickstart. Exported to France in 1922, it passed through the hands of famed French trials rider M. A. Burger. Another remarkable machine was the 1969 BSA Rocket 3 MK1, a 750cc three-cylinder powerhouse capable of up to 120mph. Previously owned in the US, the bike was brought back to the UK in 2016 and lovingly refurbished by John Mackay in 2017. With many original parts still intact, it remains in top condition and has featured in multiple club runs. Adding a poignant local connection to the event was a 1933 BSA Blue Star Junior, once owned by the late Jack Garland of Milford Haven — the father of event organiser Captain Glyn Garland and grandfather of Herald editor Tom Sinclair. Originally supplied by Bowens of Llawhaden, the bike was recommissioned in 1971 and passed down through the Garland family. Now owned by Phil Hallett, it remains largely original and fully roadworthy. Also on show was a 1958 Velocette Venom, registered XOJ 81 and owned by Milford's Gary Kimber, which has clocked over 130,000 miles and toured across Europe, including Germany. It has been carefully updated over the years with modern electrics and safety features. For those with an eye to buy, a 1970 BSA B25 Starfire, owned by Mike Harries, was listed for sale at £2,700. And for the Italian enthusiasts, Phill Walker's 1975 Ducati 860 GTS — a complete barn find restoration — proved a talking point. Once featured in Classic Bike Guide, the red-framed machine had been rescued from obscurity in 2020 and took 18 months to fully restore. Live music from Becket 'The Bullet' Thomas brought extra atmosphere to the free event, which invited donations to a number of causes. Organisers say they were delighted with the turnout, and hope to return next year with even more rare and interesting machines.
