winnipegfreepresshace 101d
Letters, Feb. 7
After reading the editorial concerning the water shortage crises in our world, I had a hollow feeling in my stomach, perhaps others can relate.
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Noticias Financieras
lacrossetribunehace 101d
La Crosse needs professional management
If you are frustrated watching La Crosse cut services, such as pools and libraries, while your taxes stay the same or go up, you are not alone. If you are tired of poor service delivery, such as leaves not getting...
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newsbtchace 101d
Top Analyst Says ‘Paper Bitcoin’ Is Driving The Market, Not The 21 Million Supply Cap
A new theory circulating in the crypto market is challenging how investors interpret Bitcoin’s recent price decline. In a post shared on X (formerly Twitter), market analyst Crypto Rover argued that Bitcoin is no longer trading as a simple supply-and-demand asset, and that this structural shift is a major reason behind the current sell-off. A ‘Parallel Financial Layer’ Rover’s central claim is that although Bitcoin’s on-chain supply cap of 21 million coins has not changed, the way Bitcoin is traded in modern financial markets has effectively diluted its scarcity. According to him, focusing only on spot buying and selling misses what is really driving price action today. BTC, he says, no longer moves primarily based on physical ownership of coins, but on activity in massive derivatives markets that now dominate price discovery. Related Reading: What Went Wrong With Crypto? A Postmortem As the analyst highlighted, in Bitcoin’s early years, its valuation rested on two fundamental principles: a strictly fixed supply of 21 million coins and the impossibility of duplicating that supply. These features made Bitcoin uniquely scarce, with prices largely determined by real buyers and sellers exchanging coins in the spot market. However, over time, Rover asserts that a “parallel financial layer” developed on top of the blockchain itself. This financial layer includes cash‐settled futures, perpetual swaps, options contracts, prime brokerage lending, wrapped Bitcoin products such as WBTC, and total return swaps. None of these instruments create new Bitcoin on the blockchain, but they do create synthetic exposure to Bitcoin’s price. According to Rover, this synthetic exposure now plays a central role in determining how Bitcoin trades. As derivatives trading volumes grew and eventually surpassed spot market activity, Rover argues that Bitcoin’s price stopped responding mainly to on‐chain coin movement. Instead, prices increasingly reflect leverage, trader positioning, margin stress, and liquidation dynamics. In practical terms, this means Bitcoin can move sharply even when there is little actual buying or selling of real coins. Why Bitcoin Moves Without Spot Selling Rover also highlights the concept of synthetic supply, explaining that a single Bitcoin can now be used simultaneously across multiple financial products. One coin may back an exchange-traded fund (ETF) share while also supporting a futures contract, a perpetual swap hedge, options exposure, a broker loan, or a structured investment product. While this does not increase Bitcoin’s actual supply, it dramatically increases the amount of tradable exposure linked to that same coin. When this synthetic exposure grows large compared with the real supply of Bitcoin, the market’s perception of scarcity weakens. This phenomenon, often described as synthetic float expansion, changes how prices behave. Rallies are more easily shorted using derivatives, leverage builds rapidly, liquidations become more frequent, and volatility increases. According to Rover, this structural shift makes price movements feel disconnected from on‐chain fundamentals. Yet, the analyst notes that the leading cryptocurrency is not unique in this regard. Related Reading: Why The Market Cap Argument For XRP Price Not Reaching $10,000 Is ‘Flawed’ Similar transitions occurred in markets such as gold, silver, oil, and major equity indices. In each case, once derivatives markets overtook physical trading, price discovery moved away from supply alone and became increasingly influenced by financial positioning. This framework also helps explain why Bitcoin sometimes declines even in the absence of heavy spot selling. Price pressure can come from forced liquidations of leveraged long positions, aggressive futures shorting, options hedging activity, or ETF arbitrage trades. Importantly, Rover emphasizes that Bitcoin’s hard cap has not changed at the protocol level. The 21 million limit remains intact on the blockchain. What has changed, he argues, is the financial structure surrounding Bitcoin. He concluded his analysis by asserting that in today’s markets, “paper Bitcoin” has become more influential than physical ownership, and that dominance is playing a key role in the market’s recent instability. Featured image from DALL-E, chart from TradingView.com
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hickoryrecordhace 101d
Trump's claims about DC arch don't quite line up with history
WASHINGTON — President Donald Trump says history is on his side.
#TECH
moneycontrolhace 101d
American chipmaker Qualcomm tapes out 2 nm chip design from India centers
The breakthrough, developed with key contributions from Qualcomm’s engineering centres in Bengaluru, Chennai and Hyderabad, reinforces India’s rising stature as a global hub for cutting-edge chip design.
#TECH
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Warsh looks like smart Fed choice for now
ANOTHER VIEW| BLOOMBERG NEWS
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Dave (NASDAQ:DAVE) Upgraded at Wall Street Zen
Dave (NASDAQ:DAVE – Get Free Report) was upgraded by analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a note issued to investors on Saturday. Several other brokerages have also recently issued reports on DAVE. Citizens Jmp lifted their target price on Dave from $300.00 to $310.00 and gave the [...]
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defenseworldhace 101d
CarGurus (NASDAQ:CARG) Upgraded by Wall Street Zen to Buy Rating
CarGurus (NASDAQ:CARG – Get Free Report) was upgraded by stock analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a research note issued to investors on Saturday. A number of other research firms also recently issued reports on CARG. BTIG Research increased their target price on shares of CarGurus from [...]
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Corsair Gaming (NASDAQ:CRSR) Rating Increased to Buy at Wall Street Zen
Corsair Gaming (NASDAQ:CRSR – Get Free Report) was upgraded by equities researchers at Wall Street Zen from a “hold” rating to a “buy” rating in a research report issued on Saturday. A number of other brokerages also recently issued reports on CRSR. Macquarie Infrastructure lowered their price target on Corsair Gaming from $12.00 to $10.00 [...]
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defenseworldhace 101d
Cadiz (NASDAQ:CDZI) Downgraded to “Sell” Rating by Wall Street Zen
Cadiz (NASDAQ:CDZI – Get Free Report) was downgraded by stock analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a report released on Saturday. A number of other equities research analysts have also issued reports on the company. Maxim Group started coverage on Cadiz in a research note on Monday, [...]
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defenseworldhace 101d
eBay (NASDAQ:EBAY) Rating Lowered to Hold at Wall Street Zen
eBay (NASDAQ:EBAY – Get Free Report) was downgraded by research analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a research note issued to investors on Saturday. EBAY has been the subject of a number of other research reports. Evercore boosted their price objective on eBay from $90.00 to $93.00 [...]
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Docebo (NASDAQ:DCBO) Downgraded by Wall Street Zen to “Hold”
Docebo (NASDAQ:DCBO – Get Free Report) was downgraded by investment analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a report issued on Saturday. A number of other brokerages also recently commented on DCBO. Scotiabank lowered their target price on shares of Docebo from $35.00 to $32.00 and set a [...]
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