Bitcoin (BTC) price momentum has cooled since rebounding toward an all-time high on October 29, but derivatives markets continue to see traders optimistic about a price recovery. Analysis of the Bitcoin futures and options market shows that traders are holding positions without excessive leverage, which is critical to a sustainable push towards new all-time highs. However, it is still important to understand what caused the price of Bitcoin to fall below $69,000 on November 1st.Bitcoin 1-month options delta skew, put call. Source: Laevitas.chAs expectations for a decline in Bitcoin prices increase, the 25% delta skew indicator typically tends to exceed…
Author: Crypto Flexs
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The widely respected analyst and trader is bullish on the memecoin built on the Solana (SOL) ecosystem while providing insight into two other cryptocurrency assets. The analyst, who goes by the pseudonym Sherpa, told his 228,800 followers on social media platform Sherpa said he believes GOAT’s market cap could reach $1 billion, which would represent an increase of more than 85% from its current valuation of $539 million. However, before the uptick can occur, traders see memecoin correcting to the $0.47 level. “As I said earlier, I believe OnChain will take a breather after its crazy rise and more attention…
On Friday, November 1, the BNB Foundation announced that the 29th quarterly burn of the BNB Chain was successfully completed. The latest event of regular token burns reiterates the project’s commitment to a deflationary approach to ensure growth. A total of 1,772,712.363 BNB tokens (worth approximately $1.07 billion) were automatically burned in this quarter’s event. According to the foundation’s blog post, this quarter’s burn was conducted directly on Binance Smart Chain (BSC) and the burn amount was sent to a “black hole” address. Could the latest burn event push BNB price to $600? Token burning is the process of intentionally…
Wang Long Chai November 1, 2024 10:49 NVIDIA NIM microservices support the creation of intelligent visual AI agents and deliver real-time decision-making and automation through vision language models and computer vision advancements. As visual data grows exponentially, from images to streaming video, manual analysis becomes a challenging task for organizations. To address these challenges, NVIDIA introduced the NIM microservice, which leverages Vision Language Models (VLMs) to build advanced visual AI agents. According to NVIDIA, these agents can transform complex, multimodal data into actionable insights. Vision-Language Model: The Core of Visual AI Vision language models…
Top news of the week Michael Saylor posted a fake Trump quote about cryptocurrency to his 3.6 million followers. With Election Day approaching in the United States and many voters already heading to the polls, social media is awash with misinformation about candidates’ policies. MicroStrategy Chairman Michael Saylor appears to have fallen for a social media post containing misinformation about Donald Trump’s stance on cryptocurrency taxation. In an Oct. 30 post on Cointelegraph’s investigation found that the fake quote originated from the X account Basedkarbon, which claimed in an October 28 post that the Republican candidate made the remarks in…
Technical issues raised expectations for the launch of GRASS. Rejection of $2 could lead to sharp decline GRASS began trading on October 28, but the token airdrop was hampered by a number of issues. The highly anticipated event encountered technical issues that prevented Phantom wallet users from accessing their tokens. Rushing to claim GRASS tokens caused Phantom to crash for 3 hours. Some users have also seen their transactions being marked as unsafe. Users were critical online because they did not qualify for the airdrop despite farming. 10% of the total 1 billion GRASS supply was allocated to contributors and…
October 29 Bitfinex Alpha | Disruption is coming Post time: 11:28h On Bitfinex Alpha Posted by Tammy Bitcoin is making waves due to an explosive combination of geopolitical instability, macroeconomic factors, and the increasingly heated “Trump Trade” narrative. Last week, BTC suffered a shocking correction of 6.2% before recovering. This shows the growing influence of the upcoming US presidential election on prices, with a Republican victory seen as a boost for risky assets such as Bitcoin. The correlation between Trump’s chances of being elected and Bitcoin’s rise is becoming increasingly clear. The anticipation surrounding the election has caused an “explosion”…
jack anderson November 1, 2024 11:26 SimBioSys introduces AI-based 3D imaging technology to improve breast cancer surgery and provide detailed tumor visualization to aid surgical planning and treatment decisions. SimBioSys, an Illinois-based startup, is revolutionizing breast cancer surgery with AI-based imaging technology that creates precise 3D models of tumors, veins, and soft tissue. According to NVIDIA, this innovation aims to help surgeons perform more effective surgeries and improve treatment outcomes. advanced imaging technology This technology converts standard MRI scans into volumetric images that clearly distinguish the various structures within the breast. Tumors, veins, and…
Solana layer-2 blockchain Sonic has surpassed a significant staking milestone by announcing a new partnership to fuel the growing restaking industry on the Solana Network.Sonic, the first gaming-focused Solana Virtual Machine (SVM) L2 network, has partnered with re-staking platform Solayer and liquid re-staking layer Adrastea to enhance Solana delegator rewards.According to an announcement shared with Cointelegraph, the partnership comes as Sonic SVM surpassed $50 million worth of Solana (SOL) stake mandates in Solayer.This makes Sonic SVM the largest delegated Actively Validated Service (AVS) on Solayer.According to Chris Zhu, founder and CEO of Sonic SVM, the $50 million milestone highlights the…
james ding November 1, 2024 11:49 RAPIDS cuML addresses the challenges of processing large datasets with new algorithms for improved performance by introducing a faster, more scalable UMAP implementation using GPU acceleration. The latest advancements in RAPIDS cuML promise a significant leap forward in the processing speed and scalability of Uniform Manifold Approximation and Projection (UMAP), a dimensionality reduction algorithm widely used in a variety of fields, including bioinformatics and natural language processing. The enhancements, detailed by Jinsol Park on the NVIDIA Developer Blog, leverage GPU acceleration to solve the problem of processing large…