Did you like what you read? Subscribe below to receive daily analysis of the blockchain and cryptocurrency space — sign up here. Bitcoin set to rally after futures expiration, short squeeze coming, says Brain Kelly Brian Kelly believes Bitcoin future expirations will lead to a price increase in Bitcoin over the next few days. What’s the Story? While most of the focus has been on spot markets, Bitcoin futures have been a good barometer of interest in Bitcoin. Typically, we see Bitcoin increase in price after the monthly expiration date. Bitcoin usually falls the week before the monthly expiration date. To support his point, Brian Kelly cited the April expiration date, in which Bitcoin exploded from a low of high $6000 to over $8000 days after the expiration. In the past, Bitcoin has often fallen the weeks before the expiration date, only to see a sharp uptick after expiration. Other markets such as Bitfinex have seen short interest increase in the days leading up to expiration date. Why It’s Important? Pantera Capital Has Raised $71 Million So Far for Third Crypto Fund Title is self-explanatory. What’s the Story? Pantera is reportedly targeting as much as $175 million for their third fund. This target price is more than 10x the amount of money raised for their second venture fund back in 2016 ($13MM). The increased size of their raise shows that interest in cryptocurrency isn’t just restricted to token investments. It also indicates an increasing appetite from institutional investors. Pantera has invested in cryptocurrency projects such as Bitstamp, Shapeshift, Circle, and Ripple. Their first fund returned more than 10,000% over five years. Why It’s Important? Vitalik Buterin On The State Of Ethereum, The Future Of Blockchain And Google Trying To Hire Him Vitalik Buterin spoke about the future of blockchain, particularly the “high ratio of hype being generated versus actual use cases.” What’s the Story? Buterin highlighted significant progress in regards to Casper (Ethereum’s Proof of Stake Protocol) and sharding (A protocol for improving scalability). These updates seek to enhance the overall usability of the Ethereum mainnet. Vitalik believes regulators should create policies to ensure cryptocurrencies can be used as a viable payment rail. Buterin also mentioned how a Google recruiter emailed him to say he would be an excellent intern candidate. We hope Google or Vitalik were trolling. Nonetheless, Vitalik is working on making Ethereum scalable. The million dollar question is, can he do it? Why It’s Important? What We Read This Morning Distributed System writes about why they are joining Coinbase. Distributed Systems is Joining Coinbase: Mason Borda writes about potential attack vectors in cryptocurrency and how to protect yourself from them. Minimum Viable Security: Qiao Wang explains why TCR’s are worth considering and what problems they might encounter. Token-Curated Registries: Value Proposition and Challenges: Follow us on Twitter for witty banter about cryptocurrency and blockchain @amlewis4 and @MichamJake . If you liked this post, please “clap” 50X for us. We’d really appreciate it! Originally published at pop.substack.com .
