Crypto

• Ethan is the co-founder of Myshell, a company focused on AI technology in various sectors such as computer vision, deep learning, and robotics
• Myshell aims to empower creators on their platform to use multiple AI models to create unique and personalized experiences for users
• The company offers a diverse range of chatbot characters with unique personalities and voices, allowing creators to engage with users in a more interactive and personalized way.

This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only.

• This week is off to a great start.
• Bitcoin surged past $70,000, and Ethereum exceeded $4,000 today, marking a new all-time high for Bitcoin and Ethereum’s first breach of this level in over two years.
• At the office, there is a running joke that the crypto bull run has made me overly confident, leading my colleagues to secretly hope for a downturn.

• The cryptocurrency market is probably the most speculative, largely because it has not had enough time for price discovery, lacks consistent and measurable metrics, and has seen minimal institutional involvement.
• The crypto market is unique for its overwhelming number of retail investors compared to institutional ones, a rarity in most other markets where institutions lead the way.
• This dynamic has led to significant volatility, primarily driven by the emotional reactions of retail investors, more so than in any other market.

• Last week was notably positive for the cryptocurrency market, particularly for Bitcoin and Ethereum, which both experienced impressive gains.
• Bitcoin’s price has surged to $65,000, marking an increase of over 25%, while Ethereum has increased to $3,510, up by approximately 15%.
• This puts Bitcoin close to its highest ever price, just below $69,000.

• The domain bitcoin.org was registered on August 18th, 2008.
• Just over two months later, on October 31st, an individual or group using the pseudonym Satoshi Nakamoto unveiled the Bitcoin whitepaper.
• This was soon followed by the mining of the first Bitcoin block, known as the genesis block, on January 9th, 2009.

• Ethereum has surged past the 3,000 ETH/USD mark, now trading at 3,050 ETH/USD.
• This increase is mainly driven by the intensifying anticipation over the potential launch of an Ethereum spot ETF, along with Ethereum’s recent breakout from a months-long period of underperformance compared to Bitcoin.
• Over the last week, Ethereum has seen an 8% increase relative to Bitcoin, with the latter seeing less net inflow into exchange-traded products than the week prior.

• In the short to medium term, Ethereum is mainly depending on what is known as off-chain scaling to significantly expand its blockchain’s capacity beyond its current limit of roughly 15 transactions per second.
• This strategy sets Ethereum apart from other blockchains like Solana, which primarily concentrate on scaling directly on the blockchain itself, also known as on-chain scaling.
• Ethereum’s method involves using something called Layer 2s, or rollups.

• Today, we are launching our new weekly cryptocurrency note called ‘Crypto Crisp’.
• In ‘Crypto Crisp’, every Monday, we will explore the upcoming week in crypto, reflecting on the previous week’s developments.
• The aim of ‘Crypto Crisp’ is to efficiently and precisely bring you up to date with the crypto industry in just a few minute’s worth of reading time.

• Investment firms are using ten east to diversify their personal portfolios.
• Zero Hash is a software company that allows businesses to launch crypto products quickly and compliantly.
• Zero Hash provides infrastructure for businesses to embed digital assets within their own infrastructure, serving as a regulated entity.

This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only.

• It has been just over a month since the first Bitcoin spot ETFs hit the market on January 11th.
• The initial weeks saw a slow start in terms of net inflow into these ETFs, mainly because investments into the two Bitcoin ETF titans from BlackRock’s iShares and Fidelity were lower than expected.
• This situation was made worse by the significant outflow from Grayscale’s Bitcoin Trust ETF.

• High frequency trading (HFT) involves building systems that can react in real time to incoming packets from exchanges, making fast decisions about sending orders and quickly executing them.
• Working on HFT systems requires a focus on performance and often involves building systems from scratch. 
• HFT systems need to be scalable to handle trading multiple instruments and flexible enough to adapt to different market conditions. Models used in trading also need to be continuously retrained and optimized for speed without sacrificing accuracy.

This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only.