OBTC News and Press, Osprey Bitcoin Trust Unit Ben Int From 10/13/22

Summary Major upgrades across smart contract platforms lay the groundwork for scaling blockspace availability without the $50 gas transactions that marked the last bull cycle. Smart contract platforms saw major protocol upgrades across multiple chains in September. These upgrades ...

Summary Apple, Tesla, Ethereum and Bitcoin are all resting at pivotal technical levels. A breakdown in tandem will likely introduce a fresh wave of selling in the markets. US CPI is due on Thursday and poses event risk. Going into the big US CPI data release on Thurs...

Summary We contend that the open metaverse will eventually be loosely defined as any interactive, digital recreation or commerce that resembles either real–world or fantastical experiences, and is interoperable with bitcoin, stablecoins, or other digital assets. Interoperab...

Summary The problem with extreme swings in monetary policy is that they cause extreme swings in markets. After the initial surge in March 2020 at the onset of the pandemic, the Fed’s balance sheet rose by $120 billion per month for 1-½ years. QE can create market a...

Summary The main economic data release for the trading week is the US inflation report. The UK economy is in a precarious position and facing a recession. Chinese President Xi is expected to meet with Russian President Putin at the Shanghai Cooperation Organisation summit in U...

The Fed staked out its turf this week, telling lenders to notify it if they offer services for bitcoin and its ilk. Other agencies are also wrestling to oversee the $1 trillion market. The scrap provides an opportunity for some industry participants to capitalize on the regulatory...

Coinbase recently filed its interim financial report with quarterly net loss of over $1bn, net cash drain of £4.6bn in 6 months, fair value losses of over 600k. Coinbase has taken all customer assets on to its own balance sheet. Coinbase would have to take that fair value los...

Phong Le, the newly appointed CEO of software analytics firm and bitcoin ( BTC-USD ) HODLer MicroStrategy ( NASDAQ: MSTR ), said Tuesday that the company's stock is a unique vehicle for investors that want exposure in bitcoin and enterprise software. "We're about as uniq...

The total amount of ETH deposited into the staking contract has increased gradually. The total number of unique addresses with a non-zero balance has steadily risen since Ethereum’s inception. The number of Ethereum unique active addresses has surged recently. There has...

The Bitcoin variety, I don't think it will live. I think, we have two significant government agencies which will make sure it's going to die. At the beginning of this year, a lot of people spoke about the Fed put as something that was going to support markets, equity markets, obviousl...