Bitfinex
@bitfinex
Bitfinex is the leading digital asset trading platform offering deep liquidity, advanced tools, and zero trading fees.
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Bitcoin had no roadmap, no product team, no launch strategy.
Just a protocol, a community and an open network.
Traders are active this weekend on Bitfinex 💻
Bitfinex Margin Lending connects lenders directly with borrowers, at a rate you set, with interest credited to your account daily at 01:30 UTC.
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A private contract can settle on Bitcoin without going on-chain, looking like an ordinary transaction outside.
The anchor makes this possible, a transaction ID and cryptographic proof tying the commitment to Bitcoin.
Nicely done, @RGB_Hub @RGBAssociation
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RGB Bytes: an anchor is what ties an RGB contract to the blockchain. It bundles everything a verifier needs: the transaction ID carrying the commitment, and the proof that a given contract sits inside it. The link between off-chain state and on-chain settlement, in one structure.
Read the full spec:
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ETH ETFs lost $142m on the day the CLARITY vote failed, then $224m after the Fed hike and another $39m the day after.
$ETH held $2,400 through it.
Friday brought $144m back. Monday will show whether the selling was event-led and short-lived.
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The Clarity Act stalled. The SEC didn't wait.
$BTC generally trades inversely to the dollar index, and this week, as the index hit a 7-week high and the Fed raised rates, bitcoin held through both, dipping only from 77k to 76.5k before recovering above 78k.
With the index still over 100, the rate hike looks to be absorbed.
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The Clarity Act fell short on 15 September. Two days later, the SEC exempted tokenised equities.
Regulated venues can now trade tokenised stocks without registering as exchanges.
The world’s biggest equity market has an on-chain entry point.
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The Fed raised rates and signalled it may raise them again.
$BTC fell but recovered to $76,500.
A daily close above $77,100 by the weekend would show the market has absorbed the news.
Two closes below $75,000 would show the recovery has not held.
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Three months ago, markets expected Fed cuts into year-end.
They now see a 93.5% chance of a hike tomorrow.
$BTC has held range lows as expectations shifted from cuts to a hike.
Tomorrow's projections show whether bitcoin is facing one hike or a longer tightening path.
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The undiscovered cherries of the world, profitable businesses that will never compete with the likes of SpaceX for attention, are who tokenisation should actually be serving.
@paoloardoino on how to get those companies in front of the global capital that would value them.
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$BTC broke its 24-day range Tuesday, closing at $75,702, down 3.2%. ETFs sold $450.4m the same day.
Traders however kept adding long positions as price fell, the opposite of how a capitulation flush usually looks.
We break down what that means from here:
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Five years of tokenisation, bitcoin and more with @paoloardoino
$BTC has slipped from $80,000 to $75,800, yet realised cap is up $9bn since August.
It records the last price coins moved, showing bitcoin's aggregate cost basis is still rising.
The question is whether it keeps rising through the pullback.
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Tokenisation is upgrading the infrastructure behind capital markets.
The harder part is getting the right companies in front of the right capital.
@paoloardoino joins Bitcoin Capital to discuss 5 years of tokenisation, regulation and financial inclusion.
Today at 3pm UTC.
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$BTC has traded between $74,985 and $79,582 this week on Bitfinex.
Margin lets you put more behind a move you believe in, long or short, with zero trading fees.
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Three months ago, markets expected Fed cuts into year-end.
They now see a 93.5% chance of a hike tomorrow.
$BTC has held range lows as expectations shifted from cuts to a hike.
Tomorrow's projections show whether bitcoin is facing one hike or a longer tightening path.
Show more
Liquidation risk is building at either end of $BTC's range.
$1.95bn in shorts sits above $82,000 in one tight cluster, while long-liquidation risk is spread between $75,000 and $76,000.
Tomorrow's Fed decision could test the shorts above or the longs below.
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Bond yields are rising in the US, Japan and Germany.
The US 10-year is back at 5%, Japan's at 3.03% and Germany's at 3.53%. That gives investors more reason to own bonds, so $BTC has to work harder for capital.
Tomorrow's Fed projections test whether yields hold or ease.
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$ETH ETFs pulled in $197m last week.
Bitfinex analysts see the inflows as positioning rather than fresh demand.
Traders are holding the ETF as collateral for CME futures to earn the basis and staking yield.
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Core inflation eased last month, down to 2.4%. That hasn't stopped futures from pricing an 88.5% chance the Fed hikes anyway.
"Five years in, our conviction is unchanged: the freedom to transact is worth building for and global distribution is the reward."
@KnutsonJesse, Head of Operations, Bitfinex Securities
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