🔎 What's The Mysterious Message Encrypted in Bitcoin?

Happy Monday dear subscribers and happy new year! 2024 is ON and with it our newsletter!

In today's bulletin, we are covering:

• Surfing the Market, with analysis about Bitcoin and Mid caps

• Don't miss the News about ETFs and a Mysterious message!

• REALIO Network is under the spotlight.

• Short article about the origin of Futures & Options

• Our selection of the best Gems on X

Bitcoin continues consolidating nicely after the main breakout, getting closer and closer to the halving while looking really strong. Primed setup:

The Mid Caps Index got rejected on the main horizontal resistance but continues defending the key support. From a macro-perspective remains on a full uptrend:

Spot Bitcoin ETF Approval Looms: What It Means for Crypto Markets

As Bitcoin commemorates the 15th year since its genesis block, anticipation surrounds the possible approval of a U.S. spot bitcoin exchange-traded fund (ETF) by the SEC, a move expected to open doors to institutional investment.

Analysts are divided on the immediate impact, with predictions ranging from initial flows of a few hundred million to trillions in long-term value creation. Historical comparisons with gold ETFs and cautionary notes about potential sell-the-news corrections underscore the mixed sentiments in the crypto market.

• The 15th anniversary of Bitcoin's genesis block marks over 10 years of industry appeals for SEC approval of a U.S. spot bitcoin exchange-traded fund (ETF).

• Analysts predict at least one of the current dozen ETF proposals may be approved soon.

• Comparisons are drawn to the debut of the SPDR Gold Shares ETF and ProShares Bitcoin Strategy ETF for insights into potential capital inflows.

• Bitcoin has rallied 61% since October on ETF expectations, leading some analysts to anticipate a sell-the-news pullback.

• Concerns about a potential decline are voiced, citing historical corrections after significant market events like CME futures and ProShares' BITO.

• A spot bitcoin ETF involves actual bitcoin, potentially removing supply from the market, and offers institutional investors a direct exposure method.

Bitcoin's recent rally, fueled by ETF expectations, adds complexity to forecasts, while the impending halving and institutional exposure opportunities contribute to the evolving landscape.

Bitcoin Blockchain Encrypted with Mysterious 9MB Data Inscription

An anonymous wallet spent 1.5 BTC (approximately $66,000) across 332 transactions to inscribe nearly 9 megabytes of encrypted data onto the Bitcoin blockchain. The Ordinals protocol facilitated this process, attributing data to specific satoshis.

Despite the high fees associated with the transactions, the encrypted content remains unreadable. The Ord.io explorer account on X shared the revelation, sparking speculation, jokes, and even Rickrolls from the X community.

• An anonymous wallet spent 1.5 BTC (around $66,000) through 332 transactions.

• Nearly 9 megabytes of encrypted data were inscribed onto the Bitcoin blockchain.

• The process utilized the Ordinals protocol, associating data with specific satoshis.

• Despite high transaction fees, the encrypted content remains unreadable.

Additionally, an anonymous wallet sent $1.2 million to Satoshi Nakamoto's Genesis wallet, adding to recent unconventional activities on the Bitcoin blockchain.

REALIO Network - Web3 ecosystem for RWAs

Today under the spotlight we have the Realio Network project; a Layer 1 (L1) multi-chain Web3 ecosystem focused on the tokenization and management of digitally native real-world assets (RWAs).

The main purpose of the project is to create a transparent system serving both investors and issuing organisations.

Some key features of Realio Network:

• Security: Validators use tokens to ensure trust and integrity across the network.

• Innovative Key Management:  Adds an extra shield against threats.

• RWA issuance: Participants can safely forge new assets.

• High Web3 compatibility: Open up to many applications in the crypto space.

• Staking: A core element ensuring system safety.

• Governance: User-centric approach, all participants decide the platform's future.

• Cross-chain DeFi: acts as a bridge between various layer 1 blockchain.

• Doxed Team: Experienced and multidisciplinary.

• Multiple dAPPs: RealioFund, RealioVerse, Freehold wallet and Districts. 

The Realio Network has a working multi-chain mechanism with interpolarity as shown below

Tokenomics:
The platform has three native tokens; $RIO, $RST and RealioUSD.

• $RIO is a utility token and cryptocurrency for the Realio Network and platform.
  It has 75M max supply with approx 56M in circulation. The remaining tokens are released at 12% of the remaining supply per year...this will take approx 38yrs.

• $RST is a security token that is used to represent ownership of the Realio Ecosystem. (50M max sup with ~25M circulating.)

• $rUSD is a stablecoin that is backed 1-to-1 by US dollars kept in an account with PrimeTrust, a US-based institutional grade, licensed custodian and trust organization. 

In addition to those three tokens, the Realio Network also features $LMX (Liquid Mining Fund) a tokenized special-purpose fund specialising in low-cost Bitcoin mining production with a P2P marketplace.

If you want to know more about Realio Network, you can check their website or their Twitter

I hope you liked this one, and stay tuned for next week. Have a good one!!

Futures & Options, their origin

We are all familiar with derivatives in crypto now, especially futures. But, would you believe me if I told you that the first options trader was a Greek philosopher? 

To find the earliest references to futures contracts, we need to go back to the XVII Century. It was in Osaka, Japan, where the rice market gave birth to the very first futures contract.

This contract was settled in cash, without the delivery of the rice, and its impact on prices was so significant that it was temporarily forbidden by the Imperial Government in 1869. 

However, the most intriguing origins lie in the realm of options. It was Aristotle in his book 'Politics' who mentioned the connection between Thales of Miletus and options.

Tales was a Greek mathematician and philosopher who lacked wealth despite these professions. In his city,

Miletus, olive trade was the most important, and he leveraged his knowledge in astronomy to interpret the sky and determine in the heart of winter that there would be a great olive harvest the following year.

He then deposited a small sum of money, reserving the use of all the presses in the area.

When the harvest season arrived, Tales' foresight had surpassed expectations, and the high demand for presses allowed him to rent them out at a much higher price, generating significant profits. 

In essence, what Tales did was pay a premium (a small sum of money) to have the right to use or lease the presses during the harvest, yielding substantial returns on his initial investment.

And if the prediction was inaccurate and the harvest was poor, he would only lose the premium paid for using the presses. 

With this, Tales became the pioneer of options contracts, highlighting the concept of risk management and the idea of hedging against adverse outcomes.

Amazing Insight summary for 2024:

Airdrops Top Guide for the year:

Classic feeling lol:

Don’t sleep on this market, lots of opportunities to come, see you next week!