08:54
Andre Cronje: Sonic will prioritize solving real-world problems over technical challenges
Sonic Labs co-founder Andre Cronje recently discussed Sonic in a podcast, with some key points as follows:- The use of Uniswap has generated 3 billion dollars for ETH validators. In a fair world, Uniswap should receive most of the funds. Considering this, Sonic plans to give 90% of the fees to the application owners instead of validators;- Sonic has applied efficiencies from other disciplines in database design and virtual machine design, which other blockchains have ignored due to l33t haXOR spirit. Therefore, Sonic has achieved significant and unique performance improvements;- ETH is like MySpace (possibly), it can no longer move quickly and break conventional things, so it will undergo Blackberryification;- Most chains solve technical challenges first then look for problems they can solve. On the contrary, Sonic starts by solving real-world problems.In previous news, an announcement from Sonic Labs (formerly Fantom) indicated that Sonic would launch on a day in December. Michael Kong, CEO of Sonic Labs added that it won't be on the 27th or 31st but hinted at launching earlier in the month.
08:52
Matrixport: BlackRock's Bitcoin ETF options trading volume is active, investors remain optimistic
Matrixport released a chart today stating that last week, BlackRock launched Bitcoin ETF (IBIT) options, which received a warm market response with active trading volume and steadily increasing open interest. This indicates that investors' expectations for future Bitcoin price increases are strengthening. This report focuses on analyzing the relevant data of options expiring in December. Interestingly, implied volatility is showing a continuous downward trend and is currently close to 65%. Previously, due to market sentiment after Trump's election, Bitcoin quickly rose from $70,000 to $98,000 but has recently slowed down its upward momentum. In the future, the price of Bitcoin may enter a more stable rising stage which could further reduce implied volatility. The decrease in implied volatility is good news for traders because it means that the cost of bullish bitcoin options decreases. Investors can establish positions at lower prices thereby having an opportunity to expand their holdings. At the same time, increased demand for option trading and large transactions may also further drive up bitcoin prices.
08:32
Barrick Gold CEO: The volatility of cryptocurrency is significant, indeed affected by the election
The CEO of Barrick Gold stated: "Cryptocurrency has significant volatility and was indeed affected by the election. However, I do not believe it possesses the same fundamentals as gold. When you examine the global monetary system, fiat currency, and the debt we face, you will find that many large global investors have already begun to liquidate part of their investments and transfer funds."