Blockchain
ChainUp Investment Unveils Crypto’s Transformative Potential at Asia Investment Summit
Amanda He, Head of ChainUp Investment, a leading crypto asset management firm, presented a compelling case for the transformative potential of crypto investments at the recent Asia Investment Summit. She highlighted the dynamic landscape of digital assets, outlining strategic approaches and market trends that underscore the growing importance of crypto in modern investment portfolios.
Beyond Bitcoin: 2024 Bitcoin Post-halving Insights
Innovative Crypto Strategies
Amanda revealed ChainUp’s one of the successful investment strategies, capturing funding rate arbitrage return from a unique derivative instrument in crypto, perpetual swap. The firm achieved an impressive 25.42% cumulative return with a Sharpe Ratio of 6.25 from Q3 2023 to Q1 2024 with a delta-neutral position.
Bitcoin’s Bright Future
She underscored Bitcoin’s historical price surge of 630% in 2021, 3,070% in 2017 and 9,780% in 2013 post-halving cycles, predicting further growth in the upcoming cycle (2024-2028), driven by innovations like modular blockchains (fees generated from Celestia increased by 13.7% in the past 3 months), Bitcoin Layer 2 solutions (9-figure in US dollar was raised for this sector in 2024), decentralized AI (the sector is currently valued at approximately $40 billion), and GameFi (leading protocol, IMX had approximately 35% increase in weekly active users in the past 30 days).
Diversification Powerhouse
She highlighted Bitcoin’s negative correlation with major assets, making it a valuable tool for portfolio diversification and enhancing portfolio risk-adjusted returns. Based on our research, the ideal allocation could be around 5% to 10% of the portfolio, sophisticated investors could increase their allocation to more than 20% and skeptical investors should allocate at least 1% to diversify the overall portfolio.
Web3 and AGI Revolution
She highlighted Web3’s potential to accelerate AGI development, citing Render Network (leading protocol in decentralized GPU network) and Fetch.ai (permissionless AI agent marketplace) as cost-effective solutions.
Strategic Investment Opinion
Amanda emphasized the importance of strategic positioning for the latter stages of crypto bull cycles, where altcoins have historically outperformed BTC with 811%, while BTC price increased by only 334% from October 2020 to December 2021.
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Blockchain
Mysterious Trader Makes $150,000 Profit in 3 Hours From Just $2,956: Blockchain Analysis
A new Ethereum meme coin, Pochita ($POCHITA), has made headlines after skyrocketing in value shortly after its launch. According to on-chain data, one trader turned an initial investment of $3,000 into $150,000 in under three hours, reflecting a near-5000% profit. This rapid surge has drawn comparisons to other meme coins like Bonk ($BONK), which gained significant attention in the Solana ecosystem.
Pochita launched on October 2, 2024, quickly reaching a $20 million market cap within 9 hours, despite the broader crypto market contracting by 2.9% over the past 24 hours. The meme coin sector also dipped 3.2%, now valued at $47.5 billion. Despite the falling prices, Pochita’s rapid rise suggests strong investor sentiment around meme coins remains, especially following recent Federal Reserve interest rate cuts.
Though meme coins are known for their volatility and lack of clear fundamentals, they can provide quick gains for traders. Pochita is being discussed as a potential successor to Bonk, and if it continues its growth, it could join the ranks of other top meme coins like Dogecoin, Shiba Inu, and Pepe Coin.
At the same time, other projects such as Crypto All-Stars ($STARS) are providing new avenues for meme coin holders by offering a unified staking platform where users can stake various meme coins and earn rewards. Crypto All-Stars has already raised over $1.9 million in its presale, indicating strong interest in platforms that provide utility and passive income opportunities for meme coin enthusiasts.
Source: cryptonews.com
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Blockchain
Binance warns of crypto market risks from overvaluation, centralization
A recent Binance report highlights critical risks in the cryptocurrency market, warning of the dangers posed by inflated valuations and centralized token ownership. The report cautions that if these issues remain unaddressed, they could destabilize the long-term stability and growth of the crypto industry.
Valuation Concerns: The report emphasizes that overvaluation, particularly in newly launched tokens with low circulating supply, could lead to market bubbles and poor performance. Venture capital funds, which once aggressively invested in crypto, are now scaling back and shifting focus to sectors with more sustainable valuations. As the market becomes saturated with new tokens, the circulating supply could increase exponentially, further straining performance.
Centralization of Token Ownership: Binance also flags the risks of centralization, where large tokenholders dominate ownership. This concentration of power can result in governance issues, market manipulation, and potential crashes caused by sudden sell-offs. The report stresses the need for decentralized control and broad participation to maintain the integrity and resilience of crypto projects.
Transparency and Trust: To mitigate these risks, the report underscores the importance of transparency in fund management. A lack of clear disclosures can erode stakeholder trust and harm project sustainability. Binance notes that greater transparency, like the adoption of proof-of-reserves by platforms such as Coinbase, is crucial for fostering responsible financial management and building long-term trust in the market.
In conclusion, the report urges the crypto industry to prioritize decentralized governance and transparency to ensure sustainable growth and maintain market confidence.
Source: cointelegraph.com
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Blockchain
COPA, Unified Patents Partner to Fight Crypto Patent Trolls
The Cryptocurrency Open Patent Alliance (COPA) has teamed up with Unified Patents to launch the Blockchain Zone initiative, aimed at combating “patent trolls” in the crypto industry. Patent trolls, or non-practicing entities (NPEs), are known for exploiting patent rights through litigation rather than developing new technologies. COPA and Unified Patents aim to prevent such entities from hindering blockchain innovation by making costly and baseless patent assertions.
The initiative is designed to safeguard blockchain and related technologies from these unwarranted patent claims, fostering an environment where developers and companies can innovate freely without fear of legal threats. Key figures in the partnership, such as Paul Grewal from Coinbase and Steve Lee from Spiral, emphasize that patent trolls create significant barriers to technological progress, especially in the fast-evolving crypto space.
By aligning with over 300 companies through Unified Patents, COPA’s effort strengthens its mission to protect the blockchain community and the broader crypto-economy from the disruptive impact of NPEs, ensuring that blockchain innovation remains open and accessible.
Source: news.bitcoin.com
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