Blockchain Press Releases
Bybit Report Unveils Key Insights into BTC’s Role Amidst Rate Cuts Cycle and U.S. Election
DUBAI, UAE, Sept. 18, 2024 /PRNewswire/ — Bybit, the world’s second-largest cryptocurrency exchange by trading volume, in collaboration with BlockScholes, released a comprehensive report uncovering fresh insights into what the anticipated rate cuts cycle and the upcoming U.S. election could mean for crypto investors as they brace for volatility.
The latest report delves into the evolving role of Bitcoin (BTC) as a digital asset class, on-going market sentiments and dynamics, and potential impacts on price movements.
Key Highlights:
1. BTC’s Evolving Role as a Macro Asset Defines Its Future Price Movements
The report highlights BTC’s changing dynamics with risk-on assets. Since the introduction of BTC Spot ETFs in early 2024, BTC has shown a growing correlation with traditional risk-on assets, especially the S&P 500. This indicates increasing interest from institutional investors, positioning BTC in the broader macroeconomic landscape. The report suggests that BTC is increasingly being leveraged as a hedge against inflation, comparable to gold.
2. Whispers of Rate Cuts in the Air: Potential Impacts of Fed Decisions
The Federal Reserve is expected to implement its first rate cut since 2020, with a 50 basis point reduction, likely in September 2024. Historical data suggest that BTC and other risk-on assets showed resilience during non-recessionary rate cut cycles. However, aggressive rate cuts during recessionary periods typically result in negative market outcomes. Investors are advised to tread with caution, paying close attention to the broader economic context as the Fed continues to navigate its dual mandate of price stability and full employment. These developments have the derivatives market on its toes, with notable volatility premiums assigned to BTC options expiring in late 2024 and early 2025.
3. BTC Options Prices in Volatility Premium Post-U.S. Presidential Election
The upcoming U.S. election is poised to play a pivotal role in BTC’s price movements. With the Republican party adopting a pro-crypto stance and the Democrats advocating for stricter regulations, BTC has emerged as a divisive topic in the political discourse. Historical trends indicate that BTC prices have been sensitive to political events, with the 2024 election likely amplifying volatility. Market positioning ahead of the November election reveals a bullish outlook for BTC, with premiums being priced into options expiring post-election.
Download the Full Report
For a comprehensive analysis and in-depth findings, download the full report here.
#Bybit / #TheCryptoArk
About Bybit
Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving over 40 million users. Established in 2018, Bybit provides a professional platform where crypto investors and traders can find an ultra-fast matching engine, 24/7 customer service, and multilingual community support. Bybit is a proud partner of Formula One’s reigning Constructors’ and Drivers’ champions: the Oracle Red Bull Racing team.
For more details about Bybit, please visit Bybit Press
For media inquiries, please contact: [email protected]
For more information, please visit: https://www.bybit.com
For updates, please follow: Bybit’s Communities and Social Media
Discord | Facebook | Instagram | LinkedIn | Reddit | Telegram | TikTok | X | Youtube
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View original content:https://www.prnewswire.co.uk/news-releases/bybit-report-unveils-key-insights-into-btcs-role-amidst-rate-cuts-cycle-and-us-election-302251833.html
Blockchain Press Releases
$CATI and $HMSTR Set to List on Bybit: Expanding the TON Blockchain Offerings
DUBAI, UAE, Sept. 19, 2024 /PRNewswire/ — Bybit, the world’s second-largest cryptocurrency exchange by trading volume, is excited to remind its community about the upcoming listings of $CATI and $HMSTR. These tokens, native to the popular Telegram-based games Catizen and Hamster Kombat, respectively, are set to join Bybit’s growing list of innovative projects on the TON Blockchain.
Explore the Worlds of $CATI and $HMSTR
$CATI is the driving force behind Catizen, a blockchain-powered virtual cat city where players can earn $CATI through immersive gameplay and in-game activities. Meanwhile, $HMSTR fuels Hamster Kombat, a fast-growing Telegram mini-game that’s capturing the attention of crypto enthusiasts worldwide. Both games offer a unique Tag-to-Earn feature, rewarding users for tagging specific in-game elements, which adds a new layer of engagement to the gaming experience and helps grow their communities.
“We’re thrilled to welcome $CATI and $HMSTR to the Bybit family. These innovative projects represent the future of the TON ecosystem, and we’re proud to provide our users with the opportunity to participate in their growth,” said Emily Bao, Head of Spot Market and Web3 at Bybit. “Bybit’s commitment to supporting promising projects and fostering a vibrant trading environment remains unwavering.”
Trade $CATI and $HMSTR on Bybit
Bybit provides a secure and reliable platform for trading, offering users peace of mind with its strong emphasis on security. In addition to security, Bybit offers early access to promising projects such as $CATI and $HMSTR, giving its users the chance to engage with emerging communities within the growing blockchain gaming space. These listings highlight Bybit’s ongoing commitment to supporting innovative projects on the TON Blockchain.
Key Dates to Watch:
$CATI
- Spot Pre-Market: https://www.bybit.com/en/trade/spot/pre-market/detail?token=CATI
- Perpetual Pre-Market: https://www.bybit.com/trade/usdt/CATIUSDT
- Official Spot Listing: September 20, 2024: https://www.bybit.com/en/trade/spot/token-splash/detail?code=20240913045655
$HMSTR
- Spot Pre-Market: https://www.bybit.com/en/trade/spot/pre-market/detail?token=HMSTR
- Perpetual Pre-Market: https://www.bybit.com/trade/usdt/HMSTRUSDT
- Official Spot Listing: September 26, 2024: https://www.bybit.com/en/trade/spot/token-splash/detail?code=20240918061036&ref=ARRQOO
#Bybit / #TheCryptoArk
Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving over 40 million users. Established in 2018, Bybit provides a professional platform where crypto investors and traders can find an ultra-fast matching engine, 24/7 customer service, and multilingual community support. Bybit is a proud partner of Formula One’s reigning Constructors’ and Drivers’ champions: the Oracle Red Bull Racing team.
For more details about Bybit, please visit Bybit Press.
For media inquiries, please contact: [email protected]
For more information, please visit: https://www.bybit.com
For updates, please follow: Bybit’s Communities and Social Media
Discord | Facebook | Instagram | LinkedIn | Reddit | Telegram | TikTok | X | Youtube
Logo – https://mma.prnewswire.com/media/2267288/Logo.jpg
View original content:https://www.prnewswire.co.uk/news-releases/cati-and-hmstr-set-to-list-on-bybit-expanding-the-ton-blockchain-offerings-302253345.html
Blockchain
MultiversX and Helios Staking Join Hands For Web3 Collabathon; Unveil Helios Connect dApp for Unified Cross-Chain Identity Management
MultiversX (EGLD), the leading internet scale blockchain known for its sharding technology, announced its support to the Helios Collabathon conducted by Helios Staking, to redefine product building through an effort of collaboration over competition. Jointly supported by the MultiversX Foundation, Hatom, XOXNO, and the Injective Foundation, the first-of-its-kind Collabathon brought together 14 top-level Web3 builders from across the world with skills ranging from coding to marketing and business development, to solve pressing industry challenges related to singular user identity across multiple blockchains.
With a background in building 11 different companies and winning 15 hackathons, the Collabathon’s participants deployed a fully-functioning MVP of Helios Connect in 8 days, with a clean interface and Smart Contracts deployed on mainnet on both the Injective and MultiversX blockchains. Simultaneously, all content and related documentation were posted to ensure the product has visibility and is usable afterwards, resulting in Helios Connect acquiring active users already.
As a fully open-source product, Helios Connect is a groundbreaking cross-chain wallet verification and identity dApp, allowing users to create a singular, unified identity across multiple blockchains, addressing a significant challenge of User Fragmentation in the decentralized ecosystem. By simplifying and securing identity management, Helios Connect is poised to become a building block for a plethora of applications that strengthen connections between different ecosystems.
Alongside building the product, the Collabathon hosted networking events and four workshops, hosted by Robert Sasu (Core developer of MultiversX), Joan (Product Manager of Injective Labs), Alex Radu (CEO of Astrarizon), and Sergi & Jose (Founders of Moonlorian).
Robert Sasu, Core Developer of MultiversX, who supported the Collabathon on-site, shared his thoughts: “I am truly impressed by how much the team accomplished in just 10 days, proving how this Collabathon can bring viable products with real use cases to market whilst sparking innovation between communities.”
Kevin Lydon, Co-founder and Managing Director of Helios Staking shared his excitement: “The Helios Collabathon has proven to be a huge success, not only in achieving our technological goals but also in creating a spirit of collaboration. We are looking forward to developing the concept further and pushing the boundaries of what is currently thought possible.”
Open Source For The Community
In a commitment to supporting innovation, Helios Connect’s open-source feature paves the way for integrated cross-chain use cases, such as cross-chain identity management. This approach is designed to provide a platform where cross-chain products and services can grow and thrive, enabling the wider Web3 ecosystem to benefit from this cutting-edge technology.
Helios Connect will serve as a foundational tool that many applications can be built on top of, such as cross-chain governance applications, tax tooling, ticketing, an anti-scam scanner and more.
The MultiversX Foundation continues to support teams and initiatives that are at the forefront of innovation to accelerate blockchain adoption and ecosystem growth by creating meaningful products that benefit the entire Web3 ecosystem.
The post MultiversX and Helios Staking Join Hands For Web3 Collabathon; Unveil Helios Connect dApp for Unified Cross-Chain Identity Management appeared first on HIPTHER Alerts.
Blockchain
Soulbound to Unveil New Web3 Livestreaming Platform at TwitchCon 2024
Soulbound — a Web3 livestreaming platform, will take center stage at TwitchCon 2024 in San Diego. The company will showcase how blockchain technology can transform the livestreaming experience for gamers, streamers, and developers. Backed by major investors including Animoca Brands, NGC Ventures, and Big Brain Holdings, Soulbound will introduce its groundbreaking platform to a global audience of gaming enthusiasts at this prestigious event.
TwitchCon, organized by a video livestreaming service Twitch, will be held on September 20-22, 2024. Known for celebrating all things gaming and streaming, TwitchCon is the perfect stage for Soulbound to demonstrate the power of decentralized technology. The platform aims to provide gamers and content creators with tools to connect, compete, and earn in a transparent and secure Web3 environment. Game studios can also benefit from access to an engaged Web3 gaming community, offering new ways to boost visibility and drive participation.
Soulbound’s Web3 livestreaming platform represents a significant leap in how content creators and gamers can interact with their audiences. Leveraging blockchain, Soulbound introduces features like stream-to-earn, an NFT sticker marketplace, and a prediction market, making users engage more deeply with the content while generating revenue. These blockchain-powered mechanisms create transparent and automated interactions and allow streamers to monetize their activities fairly and efficiently.
Through the platform’s bounty system, game developers can set up prize pools for streamers. Developers deposit funds into a smart contract, coming up with streaming challenges that incentivize participation. Bounty Hunters, or streamers, participate in these challenges over a set period, with rewards distributed based on audience size and time streamed. This transparent mechanism ensures that streamers are compensated proportionally, cultivating a fair and competitive environment.
With a unique prediction market feature viewers can place bets on games or individual players, which generates additional revenue for streamers. This option enhances viewer engagement while allowing streamers to boost their earnings in new, dynamic ways.
Soulbound’s appearance at TwitchCon 2024 in San Diego follows its successful participation at TwitchCon Europe, which was held at the Rotterdam Ahoy in Rotterdam, Netherlands, on June 29-30, 2024. The company’s presentation in Europe introduced thousands of gaming enthusiasts to the exciting possibilities of Web3 livestreaming, and the platform is now poised to capture even more attention in San Diego.
The post Soulbound to Unveil New Web3 Livestreaming Platform at TwitchCon 2024 appeared first on HIPTHER Alerts.
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