LensLinks: Issue 309

Outflow: FTX Sells $1B of Grayscale's Bitcoin ETF, brought to you by Regiment LLC

Author

Len Pacek
January 24, 2024

  • FTX Sold About $1B of Grayscale's Bitcoin ETF, Explaining Much of Outflow: Sources

  • Mixed reality, wearable tech, and AI: 2024, the year spatial computing takes off

  • Solana’s DEXes hold their ground after 38% weekly drop in DeFi trading volume

  • Hedge fund Pantera says this crypto rally will be different. Here’s why

  • China again names tech supergroup to define the metaverse

  • Nuclear Blast launches heavy metal virtual world ‘Blast Valley’ with The Sandbox - Music Business Worldwide

  • Whales take advantage of crypto market dip, buy Bitcoin, Ethereum

  • Binance sees $4.6 billion trading resurgence since CEO departure

  • Bitcoin Has Dropped About 20% Since Landmark US Spot ETFs Began Trading

  • Singularity: AI job automation will happen gradually, says MIT CSAIL - The Robot Report; Pentagon says it created more hoops to jump through on AI weapons to calm fears it was 'building killer robots in the basement';

  • ESG: Green Energy in Bitcoin Mining Hits New Peak at 54.5%

  • And Much, Much, More…

#regimentco #grayscale #binance #FTX #AI

QUOTABLE

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“In hindsight, one can say that was speculative froth and hype on unproductive tokens. What’s been interesting about this rally is how little change there has been.”

- Pantera Capital’s managing partner Paul Veradittakit

NOTABLE

FTX Sold About $1B of Grayscale's Bitcoin ETF, Explaining Much of Outflow: Sources

BTC's price has fallen since bitcoin ETFs were approved. In theory, now that FTX is done selling its substantial holdings, the selling pressure could ease since a bankruptcy estate liquidating holdings is a relatively unique event.

www.coindesk.com/business/2024/01/22/ftx-sold-about-1b-of-grayscales-bitcoin-etf-explaining-much-of-outflow-sources

Metaverse & Gaming

Mixed reality, wearable tech, and AI: 2024, the year spatial computing takes off

Niantic’s Tom Emrich looks at how various tech streams – AR and VR, wearable tech, geospatial advancements, and AI – are converging to make 2024 the year of mixed reality and spatial computing.

www.thedrum.com/opinion/2024/01/22/mixed-reality-wearable-tech-and-ai-2024-the-year-spatial-computing-takes

Blockchain, Tokens & DeFi

Solana’s DEXes hold their ground after 38% weekly drop in DeFi trading volume

Despite the 9% drop, Solana covers some ground in its fight against Ethereum for DEX trading volume dominance.

cryptobriefing.com/solanas-dexes-hold-ground-38-weekly-drop-defi-trading-volume

Crypto Trading

Hedge fund Pantera says this crypto rally will be different. Here’s why

The recent lull in the market since Bitcoin ETFs launched won't last long, predicts Pantera Capital.

www.dlnews.com/articles/snapshot/pantera-capital-paints-rosy-picture-for-crypto-in-2024

Metaverse & Gaming - a little more…

China again names tech supergroup to define the metaverse

Goggle-eyed Beijing wants technical and identity standards

www.theregister.com/2024/01/23/china_metaverse_standards_group

Nuclear Blast launches heavy metal virtual world ‘Blast Valley’ with The Sandbox - Music Business Worldwide

“It’s a sprawling abyss where the very air pulsates to metal music”

www.musicbusinessworldwide.com/nuclear-blast-launches-heavy-metal-virtual-world-blast-valley-with-the-sandbox

Breaking misconceptions: Immersive marketing within the $249 billion gaming industry - PR Daily

Claire Nance of Activision Blizzard shared thinking player-first is crucial to making marketing experiences authentic.

www.prdaily.com/immersive-marketing-gaming-industry

Blockchain, Tokens & DeFi - a little more…

Whales take advantage of crypto market dip, buy Bitcoin, Ethereum

As the crypto market recently experienced a dip, whales have been quick to take advantage, purchasing Bitcoin, Ethereum.

en.cryptonomist.ch/2024/01/23/whales-crypto-market-dip-buy-bitcoin-ethereum

Crypto Trading - a little more…

Binance sees $4.6 billion trading resurgence since CEO departure

Late last year, the crypto exchange was hit with a historic fine that forced Changpeng "CZ" Zhao to step down.

www.thestreet.com/crypto/markets/binance-sees-3-5-billion-trade-resurgence-since-ceo-departure

Bitcoin Has Dropped About 20% Since Landmark US Spot ETFs Began Trading

Bitcoin has fallen over 20% since the Jan. 11 launch of the first exchange-traded funds investing directly in the token as speculators become more cautious about the potential impact of the products.

www.bloomberg.com/news/articles/2024-01-23/bitcoin-btc-has-fallen-about-20-since-us-spot-etfs-began-trading

The Singularity:
AI, Quantum Computing, Robotics, Bio-engineering & Other Stuff on the way

AI job automation will happen gradually, says MIT CSAIL - The Robot Report

Research from MIT CSAIL examines the economic practicality of using AI for automating tasks, with a particular emphasis on computer vision.

www.therobotreport.com/ai-job-automation-will-happen-gradually-says-mit-csail

Pentagon says it created more hoops to jump through on AI weapons to calm fears it was 'building killer robots in the basement'

The Pentagon's new policy on artificial intelligence in weapons systems requires more people in the loop before anything gets made or fielded.

www.businessinsider.com/stricter-ai-rules-fears-pentagon-building-killer-robots-in-basement-2024-1

ESG (Environmental, Social & Governance)

Green Energy in Bitcoin Mining Hits New Peak at 54.5%

Bitcoin mining reaches a sustainability milestone with 54.5% renewable energy usage, showcasing a shift towards eco-friendly practices.

igaming.org/crypto/green-energy-in-bitcoin-mining-hits-new-peak-at-54-5

Regiment

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Disclaimer: This note is distributed by Regiment, LLC for informational purposes only and is sourced from publicly available media reports. It is not an investment recommendation or solicitation for any investment. The information is current as of date and subject to change. In such case Regiment, LLC does not undertake to provide any updates. Recipients must be aware that any private, alternative investments discussed are speculative in nature, often illiquid, and subject to loss of capital.