Fintech PR
Bitcoin Price Can Hit $120,000 But Traders Pour $500,000 into Bitcoin ETF Token For 10x Explosion at Launch
NEW YORK, Nov. 13, 2023 /PRNewswire/ — The Bitcoin price predictions are rolling in, and among the most bullish is $120,000 by the end of 2024 from Standard Chartered Bank – but Bitcoin ETF Token has raised $500,000 and could gain 10x at launch.
Since Sunday, the crypto industry has been focused on the opening of an eight-day window that the US Securities and Exchange Commission (SEC) has in which to approve 12 spot Bitcoin ETFs from various issuers, including fund giants BlackRock and Fidelity.
If approval doesn’t happen then the next date is January 10, when a spot Bitcoin ETF from ARK Invest and 21Shares comes up for consideration.
Either way, the market likes what it sees, and derivative Bitcoin tokens based on the spot Bitcoin ETF investment theme, like the Bitcoin ETF Token, are set to be top-performing coins as the crypto spring sprouts new millionaires.
Bitcoin to $50,000 by year-end, Bitcoin ETF Token is the best way to play the ETF upside, raises $500k
With the FOMO building, the new Bitcoin ETF Token, in presale now, has raised $504,000 as traders increasingly see it as one of the best ways to gain exposure to the upside from the spot Bitcoin ETF theme.
Stage 2 of the Bitcoin ETF Token presale ends in less than three days, after which the price of $BTCETF rises in Stage 3 from $0.0052 to $0.0054.
There is no time to lose to buy the Bitcoin ETF Token, given the positive vibe in the market regarding ETF approvals and the halving bull cycle.
https://x.com/BTCETF_Token/status/1724073251083538868
Asia-focused global bank Standard Chartered made its prediction based on rising miner profitability. Higher free cash flow from the miners means fewer bitcoin sales will be required to cover operating expenses.
Critically for Bitcoin bulls, Standard Chartered did not factor in approving a Bitcoin ETF in its analysis, which means the $120,000 target could be revised upwards. It also means that Bitcoin ETF-themed crypto assets such as Bitcoin ETF Token will continue to be the recipient of a fast-growing pot of trader and investor funds.
Steering the bank’s bullish view is the Bitcoin block rewards halving event in April 2024, which will reduce the Bitcoin emission rate by halving block reward payments to miners from 6.25 to 3.125 BTC.
All previous halving events have triggered bull runs, and this cycle is shaping up to be no different, except this time, the bull run could be even more explosive than in previous halving cycles. Bitcoin’s all-time high price is $68,000.
The highest-valued cryptocurrency is currently trading at the $37,000 level after surging on spot Bitcoin ETF news developments, indicating a strong chance of approval in January or perhaps even sooner. In addition, BlackRock made regulatory filings for a spot Ethereum ETF last week, adding to the bullish furor in the market.
Standard Chartered’s super positive Bitcoin price prediction was made in July, and that was a revision of its previous prediction of $100,000. The bank’s analysts updated their forecast on an improved outlook for miner profitability.
The analysts’ profitability figures are based on Bitcoin achieving a price of $50,000 by the end of 2023, which is now well within the sights of bulls.
Bitcoin ETF Token is designed to benefit from a spot Bitcoin ETF approval – stake now to earn approximately 491% APY
What is so appealing about $BTCETF is how its design is linked to the milestones in the news flow and product performance of both the coin itself and the approval, as well as other news related to actual spot Bitcoin ETFs.
$BTCETF can be bought in presale today and staked to earn an annual percentage yield (APY) currently at 491%. So far, 58 million $BTCETF tokens have been deposited into the staking smart contract to date – a jump of 93% in the past three days.
Because the APY is calculated dynamically, it varies in relation to the amount staked. Also, each wallet address receives rewards in proportion to the amount of the staking pool owned.
Rewards are paid in $BTCETF over a five-year period. Each ETH block produced generates a reward of 119 $BTCETF.
$BTCETF burns are triggered by real-world events affecting spot Bitcoin ETFs and coin performance
Bitcoin ETF Token is deflationary – it has a price-supporting burn mechanism because it reduces the total token supply.
At launch, the Bitcoin ETF Token will have a 5% burn on all transactions, while up to 25% of the total token supply is eligible to be burned.
All the burn mechanism events are triggered by real-world events related to spot Bitcoin ETF milestones, such as the first approval and launch dates, among other things.
There are also triggers related to the performance of the $BTCETF token. For example, when the trading volume of $BTCETF hits $100 million, the transaction tax is reduced from 5% to 4%. Other milestones include the approval date of the first spot Bitcoin ETF, at which point the sales tax is reduced from 4% to 3%
Austin Hilton, a YouTube analyst with 235,000 subscribers, is a $BTCETF fan. He informs his audience that $BTCETF is “like nothing you have ever seen” as he encourages his viewers to find out more.
Grayscale Bitcoin Trust’s narrowing discount speaks to a bullish future for Bitcoin funds and $BTCETF
The nearest thing to an ETF in the US market is the Grayscale Bitcoin Trust. It is, however, a close-ended fund, meaning it has a fixed share structure and the price moves up and down in relation to supply and demand. As such, this means the asset can trade above (premium) and below (discount) its net asset value (the value of the Bitcoin it holds for its investors).
Over the past couple of months, the discount of GBTC has continued to narrow, so as of Friday it sits at -10.35%. In July the discount was in excess of -40%.
Grayscale recently won a court case in which the judge found that the SEC was at fault in rejecting Grayscale’s request to convert the trust into an ETF. The narrowing discount is indicative of the bullish sentiment in the market as institutional buyers load up.
Having said that, not everyone is buying. Cathie Wood’s actively managed ARK New Generation Internet ETF (ARKW) sold 201,047 shares of GBTC, amounting to 0.4591% of the ETF.
Around 9% of ARKW is held in GBTC but ARK Invest has a spot Bitcoin ETF fund awaiting approval at the SEC and is presumably reducing its GBTC holding as part of its preparation for a reallocation of resources.
Wood’s trading is indicative of how smart money is on the move and provides yet another explanation for why traders are looking to Bitcoin ETF Token.
$BTCETF helps users gain exposure to an investment opportunity worth billions of dollars
Returning to Bitcoin mining economics, it is important to appreciate that the Standard Chartered analysis cited above was conducted before consideration of the latest ETF-inspired excitement in the market or the impact it is having on prices across the crypto complex. A spot Bitcoin ETF is expected to unlock an inflow of billions of dollars coming into the crypto space.
For instance, financial advisers and pension fund managers who, for due diligence and regulatory reasons, may have been barred from investing clients’ funds in Bitcoin or Ethereum, will, post-approval, have a regulated route into the asset class.
But there’s no need to wait for an ETF to be launched. Users can position their crypto portfolio now by buying Bitcoin ETF Token, so they are ready to grab the profits as the news flow generates more price upside.
And it is not just a short-term story users will be benefiting from. The impact of a spot ETF could be comparable to the impact of the first gold-based ETFs which were the first ETFs to be launched.
Spot crypto ETFs can take digital assets into the financial mainstream and that is a billions of dollars opportunity users don’t want to miss. $BTCETF staging and burning locks in ETF-driven value for the long term.
Website: http://btcetftoken.com
Social Channels: Twitter | Telegram Community
Presale stages:
|
Phase |
Token Price |
Amount of Tokens |
USD Value |
|
Stage 1 Price |
$0.00500000 |
84,000,000 |
$420,000 |
|
Stage 2 Price |
$0.00520000 |
84,000,000 |
$436,800 |
|
Stage 3 Price |
$0.00540000 |
84,000,000 |
$453,600 |
|
Stage 4 Price |
$0.00560000 |
84,000,000 |
$470,400 |
|
Stage 5 Price |
$0.00580000 |
84,000,000 |
$487,200 |
|
Stage 6 Price |
$0.00600000 |
84,000,000 |
$504,000 |
|
Stage 7 Price |
$0.00620000 |
84,000,000 |
$520,800 |
|
Stage 8 Price |
$0.00640000 |
84,000,000 |
$537,600 |
|
Stage 9 Price |
$0.00660000 |
84,000,000 |
$554,400 |
|
Stage 10 Price |
$0.00680000 |
84,000,000 |
$571,200 |
- Hard Cap – $4,956,000
- Total Supply – 2,100,000,000
- Ethereum
- ERC-20
- $BTCETF
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Fintech PR
2025 Will See Increased QR Code Payments but Payment Card IC ASPs Will Not Return to Pre-Covid Levels
ABI Research’s 5th annual Trend Report identifies the key Digital Payment Technologies trend that will come to fruition —and the 1 that won’t—in 2025
NEW YORK, Dec. 24, 2024 /PRNewswire/ — As 2025 kicks off, predictions abound on the technology innovations expected in the year ahead. In its new whitepaper, 101 Technology Trends That Will—and Won’t—Shape 2025, analysts from global technology intelligence firm ABI Research. ABI Research analysts identify 54 trends that will shape the technology market and 47 others that, although attracting vast amounts of speculation and commentary, are less likely to move the needle over the next twelve months. In the Digital Payment Technologies space, 2025 will see increased QR code payment acceptance but little growth for payment card IC ASPs.
“2024 has been marked by challenges, from global conflicts and inflationary pressures to political uncertainty. These factors have strained enterprise and consumer spending, leading to market inertia, short-term technology investments, sidelined capital, and the exposure of vulnerable suppliers,” says Stuart Carlaw, Chief Research Officer at ABI Research. “From a technology perspective, many industries and end markets are in that awkward stage of technology adoption where they are formulating implementation strategies, assessing solutions and partners, and trying to see if they have the resources needed to roll out solutions at scale. This is a particularly sensitive time, which tends to suggest 2025 will have tech implementers and end users on the brink of a period of a massive technology shift as they work through these issues.”
What Will Happen in 2025:
QR code payment acceptance will continue to increase with use cases expanding
Although QR code payment acceptance is prevalent in countries such as China and growing in emerging digital payment markets, including in India, use cases and potential growth areas are not limited to these countries. Significant and continued investments by vendors, including PayPal, Stripe, and SumUp, are setting the foundation for increased adoption in other mature and established economies with use cases expanding. Although QR codes are already being used by many Small and Medium Enterprises (SMEs) and pop-up retail businesses, 2025 will mark the year when the technology begins to shift from one niche to partial mainstream.
What Won’t Happen in 2025:
Payment card IC ASPs will not return to pre-COVID-19 levels
Since the COVID-19 pandemic, chipset pricing has been on a continual rise, driven by increased pricing in myriad manufacturing areas, including energy, raw material, transit pricing, and inflation, driving up wages. The chip shortage further compounded this, and according to ABI Research, the Average Selling Price (ASP) for a payment card Integrated Circuit (IC) increased by approximately +30% between 2020 and 2023. However, despite pricing pressures returning, the cost of payment ICs is some years away from matching pre-COVID-19 levels. Although 2025 will mark another year of pricing deprecation, it will not be until around 2028 when pricing is expected to drop to levels similar to those achieved in 2019 steadily.
For more trends that will and won’t happen in 2025, download the whitepaper, 101 Technology Trends That Will—and Won’t—Shape 2025.
About ABI Research
ABI Research is a global technology intelligence firm uniquely positioned at the intersection of technology solution providers and end-market companies. We serve as the bridge that seamlessly connects these two segments by providing exclusive research and expert guidance to drive successful technology implementations and deliver strategies proven to attract and retain customers.
ABI Research是一家全球性的技术情报公司，拥有得天独厚的优势，充当终端市场公司和技术解决方案提供商之间的桥梁，通过提供独家研究和专业性指导，推动成功的技术实施和提供经证明可吸引和留住客户的战略，无缝连接这两大主体。
For more information about ABI Research’s services, contact us at +1.516.624.2500 in the Americas, +44.203.326.0140 in Europe, +65.6592.0290 in Asia-Pacific, or visit www.abiresearch.com.
Contact Info:
Global
Deborah Petrara
Tel: +1.516.624.2558
[email protected]
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Fintech PR
Bybit Champions Web3 Innovation and Strengthens Ties with Asia’s Crypto Community at Taipei Blockchain Week
DUBAI, UAE, Dec. 24, 2024 /PRNewswire/ — Bybit, the world’s second-largest cryptocurrency exchange, debuted at the Taipei Blockchain Week Dec. 12 to 14, 2024, spotlighting the vibrant Web3 innovations on its platform alongside a dynamic roster of its strategic Layer 1 ecosystem partners.
Featuring side events in collaboration with the Solana Foundation, the Sui Foundation, and a dazzling lineup of multichain projects, Bybit Web3 dedicated the Taipei tour to building up communities and deepening connections with Web3 ecosystem partners. The Bybit delegation also took the stage to uncover the latest insights on Web3, building with a purpose, and the future of blockchain utilities and DeFi.
Purpose, Innovation, and Partnerships
Representing Bybit at the conference were MK Chin, Core Contributor for Blockchain for Good Alliance and Head of Marketing of Bybit Web3, and Angela Huang, Bybit VIP Relationship Manager, at various panels.
Expanding on blockchain technology’s potential in building better realities for all, Chin joined as a panellist in the session Marketing Web3: Strategies to Engage and Onboard the Next Billion Users. Chin shared learnings and actionable insights from the Bybit-supported Blockchain for Good initiative (BGA), elaborating on both real-world utilities of blockchain technologies and the trickling down of benefits to grassroot communities.
Meanwhile, Angela Huang moderated three sessions closely tied to Bybit’s mission, steering conversations on crucial industry topics:
- The panel Bridging TradFi and DeFi: The Exchange’s Role in User Onboarding on Dec. 12 examined how exchanges could elevate access to the digital economy for users at scale.
- On Dec. 13, Networked Intelligence: The Rise of Decentralized AI explored the intersection of blockchain and AI, showcasing their potential to transform and democratize finance.
- The Building for Impact: How Female Founders Drive Purpose-Driven Innovation panel on Dec. 14 highlighted the evolving role of women leaders in driving solution-oriented innovation.
Another highlight at the event was amplified globally via Bybit Livestream. Collaborating with the Sui Foundation, Ondo, DeepBook, Scallop, NAVI, and other leading projects, Bybit Web3 led a critical debate on the future of Sui’s growth strategy: Sui Ecosystem Showdown: Mass Adoption vs. Native Growth. Hosted by Emily Bao, Head of Web3 and Spot at Bybit, the livestream attracted over 6,500 viewers live at the Taipei Blockchain Week and globally on Dec. 13.
Deepening Bonds: Key Web3 Ecosystems and Communities
Bybit Web3 brought the local community closer to its world-class ecosystem partners with engaging community events, co-hosting Taiwan DeFi Flow with Sui and Scallop on Dec. 12, and Solana Ecosystem Taipei Greetings with the Solana Foundation and Solar with the support of Orderly Network, Zetachain, Jupiter, and Sonic, on Dec. 14. Through collaborations and innovation, Bybit Web3 opens up new on-chain possibilities for partners and stakeholders to expand the Web3 universe.
These relaxed evening gatherings provided a convivial backdrop for like-minded builders and entrepreneurs to network, exchange ideas, and celebrate their shared enthusiasm for DeFi and dApps in Asia’s growing Web3 innovation hub.
“It’s been an incredible experience connecting with the builders, believers, users, creators, and supporters driving innovation on Solana and Sui. These moments remind us of the heart and spirit of Web3—a vibrant ecosystem shaped by collaboration and shared vision. I’m deeply proud to witness this growth, grateful for every connection made, and excited for the road ahead,” said MK Chin, Core Contributor for Blockchain for Good Alliance and Head of Marketing of Bybit Web3.
“Taipei Blockchain Week showcased the immense growth and potential of Web3 innovation in Asia. Representing Bybit, I had the honor to collaborate with industry leaders to explore Web3’s limitless possibilities, from DeFi and AI to real-world applications. Together, we are shaping a more inclusive global crypto community,” said Angela Huang, Bybit VIP Relationship Manager.
In the past year, Bybit has seen exponential growth in its user base, surging to over 60 million by the end of 2024. It has also invested in vertical growth through community engagements across the world. Connected by the passion for the future of crypto, blockchain, and Web3, the Bybit family is on track to building an inclusive and sustainable path to growth for the industry.
#Bybit / #TheCryptoArk / #BybitWeb3
About Bybit Web3
Bybit Web3 is redefining openness in the decentralized world, creating a simpler, open, and equal ecosystem for everyone. We are committed to welcoming builders, creators, and partners in the blockchain space, extending an invitation to both crypto enthusiasts and the curious, with a community of over 130 million wallet addresses across over 30 major ecosystem partners, and counting.
Bybit Web3 provides a comprehensive suite of Web3 products designed to make accessing, swapping, collecting and growing Web3 assets as open and simple as possible. Our wallets, marketplaces and platforms are all backed by the security and expertise that define Bybit as the world’s second-largest cryptocurrency exchange by trading volume, trusted by over 50 million users globally.
Join the revolution now and open the door to your Web3 future with Bybit.
For more details about Bybit Web3, please visit Bybit Web3.
About Bybit
Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving a global community of over 60 million users. Founded in 2018, Bybit is redefining openness in the decentralized world by creating a simpler, open and equal ecosystem for everyone. With a strong focus on Web3, Bybit partners strategically with leading blockchain protocols to provide robust infrastructure and drive on-chain innovation. Renowned for its secure custody, diverse marketplaces, intuitive user experience, and advanced blockchain tools, Bybit bridges the gap between TradFi and DeFi, empowering builders, creators, and enthusiasts to unlock the full potential of Web3. Discover the future of decentralized finance at Bybit.com.
For more details about Bybit, please visit Bybit Press
For media inquiries, please contact: [email protected]
For updates, please follow: Bybit’s Communities and Social Media
Discord | Facebook | Instagram | LinkedIn | Reddit | Telegram | TikTok | X | Youtube
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TIANJIN, China, Dec. 24, 2024 /PRNewswire/ — On December 7, 2024, AIMA Technology Group warmly invited a delegation of five top-performing U.S. IBD dealers to visit its headquarters. Accompanying the group was Angela Zheng, CEO of AIMA’s U.S. subsidiary, AIMA EBIKE, along with her sales, marketing, and customer service teams. This visit not only marked a deepened connection between AIMA and the mainstream U.S. market but also provided U.S. dealers with a valuable opportunity to witness AIMA Technology’s globally leading capabilities in research, development, and manufacturing of electric mobility solutions.
The delegation first toured AIMA’s state-of-the-art factory in Tianjin. Aima Technology possesses production factories with extremely high levels of intelligent manufacturing Additionally, AIMA has integrated advanced technologies such as AI visual recognition and established a CNAS-certified R&D laboratory, maintaining its industry leadership in intelligent transformation. During the tour, the dealers were deeply impressed by AIMA’s cutting-edge technology, large-scale production capabilities, and relentless pursuit of excellence in product development and manufacturing. They expressed that this rare visit not only enhanced their understanding of AIMA but also strengthened their confidence in promoting AIMA products as a symbol of outstanding performance and exceptional quality to their customers.
Furthermore, AIMA Technology’s R&D team engaged in in-depth discussions with the dealers regarding the new models AIMA EBIKE plans to launch in 2025. The dealers test-rode prototypes of the latest models and shared their innovative insights. They expressed high praise for AIMA’s product innovation capabilities and market acumen, recognizing these as key factors that distinguish AIMA in the industry.
Later, the dealers joined AIMA Technology’s team to witness the rollout of the 10,000th AIMA E-Bike. This milestone moment showcased AIMA’s exceptional manufacturing strength and market influence. The dealers were inspired and expressed strong confidence in the promising future of their partnership with AIMA.
This visit from the top-tier U.S. dealer delegation not only deepened mutual trust and friendship but also injected new momentum into AIMA’s ambition to become a leader in the U.S. E-Bike industry by focusing on the IBD channel. Looking ahead, AIMA Technology will continue to strive to provide market-leading performance and quality, enhancing its product development and manufacturing capabilities while working hand-in-hand with global dealers to create an even brighter future.
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