Observer(OBSR)

Recently, traders have sold $80,000 BTC call options expiring at the end of May to generate additional yield, one observer said.

Investors are still gauging macroeconomic factors, one observer said.

Bitcoin has pulled back more than 15% since hitting an all-time high one month ago, with some major altcoins nosediving 40%-50%, but "few understand how normal corrections like these are in bull markets," one observer noted.

Geopolitical factors could see investors allocate funds to alternative assets such as bitcoin, some observers say.

Bitcoin traded at a perfect negative correlation to PAXG in a sign of weak demand as a geopolitical hedge, according to one observer.

Bitcoin is showing resilience despite the slip, but the corrective period might continue for a while before a return to growth, one observer noted.

The unabated expansion of stablecoin supply shows capital continues to flow into the crypto market, one observer noted.

Dealer hedging could breed volatility at around $70,000, one observer said.

Disappointing flows into bitcoin ETFs over the past days partly resulted from investors trimming risks ahead of Wednesday's FOMC meeting, one market observer said.

Bitcoin could enter a period of consolidation before its next leg in the rally, observers noted.

The price of Ethereum, the second-largest cryptocurrency, has continued its impressive rally, gaining over 6% today to reach a new high of $3,287. This surge in Ethereum’s value has attracted significant attention from investors and market observers alike. Amidst the market rally, FTX and Alameda made notable deposits, contributing 2,000 […]

As Ethereum experienced a pullback, with its price dipping back to $2900, astute observers noted a savvy trader who capitalized on the market movement. The trader sold 7,425 ETH, amounting to $21.8 million, at $2,937 just a few hours ago, showcasing a keen sense of timing. A smart trader sold […]

Market observers criticised the move, stating Binance is succumbing to heavy regulatory pressure.

In the depths of a bear market, market observers recommend seizing the wealth creation wave by investing in Bitcoin Spark (BTCS). Is Crypto Dead? While the crypto market has experienced its fair share of ups and downs, it has repeatedly shown resilience and adaptability. Analysts suggest we’re currently in a bear market bottom, marking the […]

Some crypto market observers believe a rush into memecoin token PEPE could herald an impending Bitcoin dump, but not everyone is convinced.

The crypto landscape has evolved significantly since the inception of Bitcoin (BTC). And market observers suggest Bitcoin Spark (BTCS), Avalanche (AVAX), Stellar (XLM), and Monero (XMR) are redefining crypto standards. Avalanche Avalanche is a blockchain platform that seeks to tackle the blockchain trilemma of scalability, security, and decentralization with its unique Proof of Stake (PoS) […]

As October kicks off, crypto market players have begun to outline their observations and predictions for the new month. Bitcoin proponents are especially active in these discussions as speculations on Bitcoin’s next move become a major topic of debate.  As market observers give their two cents on the asset’s potential future performance, one analyst is […]

Since 2020, the meme coin market has been one of the most interesting crypto phenomena to watch. Currently commanding roughly 1.5% of the entire crypto market cap, meme coins have seen a staggering cumulative trading volume of over $36 billion between 2020 and today. It’s clear to any outside observer that meme coins have cemented […]

Bitcoin Spark (BTCS) is getting significant attention in the crypto space. Market observers suggest with Binance’s current situation, BTCS might be the next big thing, potentially challenging the dominance of Binance Coin (BNB). Is Binance in Trouble? On June 5, 2023, the U.S. Securities and Exchange Commission (SEC) sued Binance and its founder, Changpeng Zhao, […]

In the never-ending saga that is the lawsuit between the United States Securities and Exchange Commission (SEC) and Ripple, new developments keep observers guessing what’s next.

Bitcoin Spark (BTCS) has been making crypto news headlines since August. According to market observers, this new cryptocurrency is set to outperform XRP. Is XRP a good investment? XRP has long held the attention of investors within the cryptocurrency space due to its unique features and potential for disruption in cross-border payments. Its fast transaction […]

Former United States President Donald Trump’s latest public financial disclosure has revealed that he owns around $250,000 to $500,000 worth of Ethereum (ETH). Trump had recently launched an exclusive non-fungible token (NFT) collection after leaving the White House in 2022. Trump Holds Considerable ETH The financial disclosure was filed with the Office of Government Ethics and outlined Trump’s various assets and sources of income. Eagle-eyed observers noticed a section that mentioned a “cryptocurrency wallet Ethereum” on the second to last entry on the 82-page form. According to the information in the financial disclosure, the wallet held an estimated $250,000 to $500,000 worth of ETH. It is believed that the contents of the cryptocurrency wallet are linked with the NFT collection launched by Trump in December 2022. The Trump NFTs The former president launched his NFT collection in December 2022 after weeks of speculation regarding his “special announcement.” Many believed the announcement would be naming a running mate for his presidential campaign. However, Mr. Trump announced the launch of his exclusive NFT collection instead. The collection features the former president in several avatars, including a Nascar driver and an astronaut. At the time of the launch, Mr Trump had stated, “These limited edition cards feature amazing ART of my Life & Career. It would make a great Christmas gift. Don’t Wait. They will be gone; I believe, very quickly!” He had also posted a clip that featured an animated version of himself standing in front of the Trump Tower, with lasers shooting out of his eyes. The NFT collection was described as similar to baseball cards but far more exciting and priced at $99 each. Buyers of the collection will also be able to enter a sweepstake and have a chance at winning a gala dinner or a game of golf with Mr. Trump. However, the move was roundly criticized on social media, with several high-profile Republicans speaking out. Following her husband’s footsteps, the former first lady also launched an NFT collection only a couple of months after the former president’s NFT collection. Each NFT in the Melania Trump collection is priced at $50. The collection consisted of seven designs, with a total of 3500 NFTs. The former first lady had stated at the time of launch, “The 1776 Collection of artwork draws inspiration from several iconic landmarks of our nation, which I had the privilege of visiting during the time I served as first lady. Each piece provides a view into our nation’s history, culture, and patriotism. I am proud to celebrate our great nation and remain inspired by the words contained within the Declaration of Independence.” Past Skepticism Of Crypto The disclosure that the former president owns a considerable amount of ETH is interesting, especially when you consider how skeptical he had been about crypto in the past. Back in 2019, Trump had stated that he was not a fan of Bitcoin and described it as “not money” with its valuation based on thin air. “I am not a fan of Bitcoin and other Cryptocurrencies, which are not money, and whose value is highly volatile and based on thin air. Unregulated Crypto Assets can facilitate unlawful behavior, including drug trade and other illegal activity....” Trump reiterated these views in a 2021 interview, once again highlighting his opposition to the crypto ecosystem and digital assets. He stated that he was quite wary of digital assets such as Bitcoin because they were a threat to the dollar. He even called the world’s largest cryptocurrency a scam, stating, “Bitcoin just seems like a scam…I don’t like it because it is another currency competing against the dollar. Essentially it’s a currency competing against the dollar. I want the dollar to be the currency of the world. That is what I have always said.” Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

Former United States President Donald Trump’s latest public financial disclosure has revealed that he owns around $250,000 to $500,000 worth of Ethereum (ETH). Trump had recently launched an exclusive non-fungible token (NFT) collection after leaving the White House in 2022. Trump Holds Considerable ETH The financial disclosure was filed with the Office of Government Ethics and outlined Trump’s various assets and sources of income. Eagle-eyed observers noticed a section that mentioned a “cryptocurrency wallet Ethereum” on the second to last entry on the 82-page form. According to the information in the financial disclosure, the wallet held an estimated $250,000 to $500,000 worth of ETH. It is believed that the contents of the cryptocurrency wallet are linked with the NFT collection launched by Trump in December 2022. The Trump NFTs The former president launched his NFT collection in December 2022 after weeks of speculation regarding his “special announcement.” Many believed the announcement would be naming a running mate for his presidential campaign. However, Mr. Trump announced the launch of his exclusive NFT collection instead. The collection features the former president in several avatars, including a Nascar driver and an astronaut. At the time of the launch, Mr Trump had stated, “These limited edition cards feature amazing ART of my Life & Career. It would make a great Christmas gift. Don’t Wait. They will be gone; I believe, very quickly!” He had also posted a clip that featured an animated version of himself standing in front of the Trump Tower, with lasers shooting out of his eyes. The NFT collection was described as similar to baseball cards but far more exciting and priced at $99 each. Buyers of the collection will also be able to enter a sweepstake and have a chance at winning a gala dinner or a game of golf with Mr. Trump. However, the move was roundly criticized on social media, with several high-profile Republicans speaking out. Following her husband’s footsteps, the former first lady also launched an NFT collection only a couple of months after the former president’s NFT collection. Each NFT in the Melania Trump collection is priced at $50. The collection consisted of seven designs, with a total of 3500 NFTs. The former first lady had stated at the time of launch, “The 1776 Collection of artwork draws inspiration from several iconic landmarks of our nation, which I had the privilege of visiting during the time I served as first lady. Each piece provides a view into our nation’s history, culture, and patriotism. I am proud to celebrate our great nation and remain inspired by the words contained within the Declaration of Independence.” Past Skepticism Of Crypto The disclosure that the former president owns a considerable amount of ETH is interesting, especially when you consider how skeptical he had been about crypto in the past. Back in 2019, Trump had stated that he was not a fan of Bitcoin and described it as “not money” with its valuation based on thin air. “I am not a fan of Bitcoin and other Cryptocurrencies, which are not money, and whose value is highly volatile and based on thin air. Unregulated Crypto Assets can facilitate unlawful behavior, including drug trade and other illegal activity....” Trump reiterated these views in a 2021 interview, once again highlighting his opposition to the crypto ecosystem and digital assets. He stated that he was quite wary of digital assets such as Bitcoin because they were a threat to the dollar. He even called the world’s largest cryptocurrency a scam, stating, “Bitcoin just seems like a scam…I don’t like it because it is another currency competing against the dollar. Essentially it’s a currency competing against the dollar. I want the dollar to be the currency of the world. That is what I have always said.” Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

Global interest in non-fungible tokens has sharply plummeted as the base prices of prominent NFT collections have declined since 2022. Peaking at $5.8 billion in January 2022, NFT trading volume dropped to $707.70 million in June 2023. Robert Quartly-Janeiro, CSO of Bitrue, a Tier 1 crypto exchange, says: "FOMO fueled the massive surge in the NFT market, but the decline in trading volume by 90% from the last year’s peak shows the dynamics has shifted. Barriers such as skepticism towards NFTs as potential scams, lack of sustained interest, scalability challenges, and lack of clear use cases are hindering the wide adoption of non-fungibles." As fundamental elements of Web3, NFTs, and metaverse projects have a lot of scope and opportunity. In this shifting environment, mainstream digital media is poised to play a significant role, given its power to amplify trends or foster skepticism. NFT Plazas: All the Latest NFT and Metaverse News Founded in 2018, NFT Plazas offers daily insights into the multifaceted spheres of non-fungible tokens and the broader metaverse. Over its years of operation, the independent NFT news platform has methodically carved out a reputation as a leader in NFT and metaverse coverage. It delivers timely industry news, feature articles with thorough educational content, insightful data analyses, and performs due diligence and analysis on new NFT projects. This blend of content makes the often convoluted world of Web3 technologies more accessible to laypeople. The outlet concentrates on quality over hype, aiming to demystify the space and reduce barriers of entry. In a field where misinformation is rampant, NFT Plazas helps to ensure that accurate, unbiased information is always at the reader’s fingertips. Media and NFTs: The symbiotic catalysts for adoption With its expansive reach and influence, the media has been instrumental in narrating the story of non-fungibles, delineating their value, and encouraging their adoption. As NFTs enter mainstream consciousness, it serves as passive observer and an active participant, crafting narratives that influence perception, drive interest, and foster understanding. Social media platforms have also metamorphosed into bustling marketplaces where buyers, sellers, and mediators intersect, while platforms like Twitter and Discord continue to serve as critical nodes of discovery and discussion. The synergy between NFTs and social media hints at a future where the line between digital assets and traditional online interactions further blurs. "The role of media is not just to report on the world of crypto, metaverses, and NFTs," commented Mary Pedler, Founder of Input PR communications agency for cutting-edge crypto and tech projects. "It actively shapes perceptions, demystifies complexities, and lowers the entry threshold for the average user." NFT Plazas, acutely aware of the challenges of NFT adoption, harnesses the power of media to bridge knowledge gaps. They employ a multi-pronged approach, where comprehensive educational content aids the uninitiated, while data-driven insights offer value to veterans. While their educational efforts have garnered praise, more aggressive marketing techniques might find lesser traction among a discerning audience wary of hype. The media's role in Web3 and the broader digital asset landscape is pivotal. As gatekeepers of information, platforms like NFT Plazas can influence the trajectory of NFT adoption, ensuring that the metamorphosis of the digital realm is rooted in knowledge, transparency, and trust. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.