{"id":366811,"date":"2021-11-13T23:58:00","date_gmt":"2021-11-13T20:58:00","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/distributed-ledger-some-hedge-funds-are-seeing-ether-as-an-inflation-hedge-a-crypto-brokerages-ceo-explains-why\/"},"modified":"2021-11-13T23:58:00","modified_gmt":"2021-11-13T20:58:00","slug":"distributed-ledger-some-hedge-funds-are-seeing-ether-as-an-inflation-hedge-a-crypto-brokerages-ceo-explains-why","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/distributed-ledger-some-hedge-funds-are-seeing-ether-as-an-inflation-hedge-a-crypto-brokerages-ceo-explains-why\/","title":{"rendered":"#Distributed Ledger: Some hedge funds are seeing ether as an inflation hedge. A crypto brokerage\u2019s CEO explains why"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_89 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6af7711aaa2c4\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6af7711aaa2c4\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/distributed-ledger-some-hedge-funds-are-seeing-ether-as-an-inflation-hedge-a-crypto-brokerages-ceo-explains-why\/#One_major_catalyst_of_bitcoins_price_surge_is_the_blockchains_highly-anticipated_taproot_upgrade_which_is_expected_to_happen_on_Nov_14_analysts_said\" >One major catalyst of bitcoin\u2019s price surge is the blockchain\u2019s highly-anticipated taproot upgrade, which is expected to happen on Nov. 14, analysts said<\/a><ul class='ez-toc-list-level-6' ><li class='ez-toc-heading-level-6'><ul class='ez-toc-list-level-6' ><li class='ez-toc-heading-level-6'><ul class='ez-toc-list-level-6' ><li class='ez-toc-heading-level-6'><ul class='ez-toc-list-level-6' ><li class='ez-toc-heading-level-6'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/buradabiliyorum.com\/en\/distributed-ledger-some-hedge-funds-are-seeing-ether-as-an-inflation-hedge-a-crypto-brokerages-ceo-explains-why\/#Crypto_in_a_snap\" >Crypto in a snap<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-6'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/buradabiliyorum.com\/en\/distributed-ledger-some-hedge-funds-are-seeing-ether-as-an-inflation-hedge-a-crypto-brokerages-ceo-explains-why\/#Crypto_Metrics\" >Crypto Metrics<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-6'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/buradabiliyorum.com\/en\/distributed-ledger-some-hedge-funds-are-seeing-ether-as-an-inflation-hedge-a-crypto-brokerages-ceo-explains-why\/#Inflation_hedge\" >Inflation hedge?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-6'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/buradabiliyorum.com\/en\/distributed-ledger-some-hedge-funds-are-seeing-ether-as-an-inflation-hedge-a-crypto-brokerages-ceo-explains-why\/#Bitcoins_Taproot_upgrade\" >Bitcoin\u2019s Taproot upgrade\u00a0<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-6'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/buradabiliyorum.com\/en\/distributed-ledger-some-hedge-funds-are-seeing-ether-as-an-inflation-hedge-a-crypto-brokerages-ceo-explains-why\/#Twitters_crypto_team\" >Twitter\u2019s crypto team<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-6'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/buradabiliyorum.com\/en\/distributed-ledger-some-hedge-funds-are-seeing-ether-as-an-inflation-hedge-a-crypto-brokerages-ceo-explains-why\/#Crypto_companies_funds\" >Crypto companies, funds<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-6'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/buradabiliyorum.com\/en\/distributed-ledger-some-hedge-funds-are-seeing-ether-as-an-inflation-hedge-a-crypto-brokerages-ceo-explains-why\/#Must_reads\" >Must reads<\/a><\/li><\/ul><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/buradabiliyorum.com\/en\/distributed-ledger-some-hedge-funds-are-seeing-ether-as-an-inflation-hedge-a-crypto-brokerages-ceo-explains-why\/#Frances_Yue\" >Frances Yue<\/a><\/li><\/ul><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<p>&#8220;<strong>#Distributed Ledger: Some hedge funds are seeing ether as an inflation hedge. A crypto brokerage\u2019s CEO explains why<\/strong>&#8221;<\/p>\n<h2 class=\"article__subhead\" itemprop=\"alternativeHeadline\"><span class=\"ez-toc-section\" id=\"One_major_catalyst_of_bitcoins_price_surge_is_the_blockchains_highly-anticipated_taproot_upgrade_which_is_expected_to_happen_on_Nov_14_analysts_said\"><\/span>\n  One major catalyst of bitcoin\u2019s price surge is the blockchain\u2019s highly-anticipated taproot upgrade, which is expected to happen on Nov. 14, analysts said<br \/>\n<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><\/p>\n<div class=\"column column--full article__content\" role=\"region\" aria-label=\"article body\">\n<div class=\"article__side\">\n<div class=\"container--sticky not-active\">\n<div id=\"cx-next\" data-nosnippet>\n              <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div id=\"js-article__body\" class=\"article__body article-wrap at16-col16 barrons-article-wrap\" itemprop=\"articleBody\" data-sbid=\"WP-MKTW-0000483162\" role=\"document\">\n<div class=\"barrons-article-ad-wrapper\">\n<div data-track=\"barrons-article-ad-wrap\" class=\"barrons-article-ad sticky_item\">\n<div class=\"barrons-main-article-ad-target sticky_target body_ad\" aria-hidden=\"true\"><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div data-layout=\"\n                inline\" data-layout-mobile=\"\" class=\"\n          media-object\n          type-InsetArticleReader\n              \n              inline\n  article__inset\n          article__inset--type-InsetArticleReader\n              article__inset--inline\n  \"><\/p>\n<div class=\"media-object-article-reader\">\n<div class=\"audioplayer\" data-sbid=\"WP-MKTW-0000483162\" role=\"region\" aria-label=\"Listen to Article\" tabindex=\"-1\" id=\"articlereader\" data-show-title=\"false\" data-theme=\"wsj-article-reader\" data-show-header=\"false\" data-show-subscribe=\"false\" data-ads-enabled=\"true\" data-save-publication=\"false\">\n        <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<p>       <strong>Hello again!\u00a0<\/strong>Welcome to Distributed Ledger, our weekly crypto <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">news<\/a>letter that will reach your inbox every Thursday. I\u2019m Frances Yue, crypto reporter at MarketWatch, and I\u2019ll walk you through the latest and greatest in digital assets this week so far.<\/p>\n<h6><span class=\"ez-toc-section\" id=\"Crypto_in_a_snap\"><\/span><strong>Crypto in a snap<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h6>\n<p> Several cryptocurrencies have hit all-time highs during the past seven days, pushing the crypto market capitalization above $3 trillion for the first time. <\/p>\n<div class=\"paywall\">\n<p>On Wednesday, bitcoin<br \/>\n        BTCUSD,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/31322028\/realtime\" class=\"positive\">+1.52%<\/bg-quote><br \/>\n       and ether<br \/>\n        ETHUSD,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/108573964\/realtime\" class=\"negative\">-0.61%<\/bg-quote><br \/>\n       reached record highs of $68,990 and $4,866, respectively, according to CoinDesk data. Solana<br \/>\n        SOLUSD,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/229898318\/realtime\" class=\"negative\">-1.31%<\/bg-quote><br \/>\n       hit a record high of $260.1 on Nov. 6. Terra saw an all-time high at about $55 on Wednesday. Avalanche witnessed a record high at around $97 on Nov. 8.<\/p>\n<h6><span class=\"ez-toc-section\" id=\"Crypto_Metrics\"><\/span><strong>Crypto Metrics<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h6>\n<table>\n<tbody>\n<tr class=\"data odd\">\n<td align=\"\" valign=\"top\" colspan=\"1\">\n      <strong>Biggest Gainers<\/strong><\/p>\n<\/td>\n<td align=\"\" valign=\"top\" colspan=\"1\">\n      <strong>Price<\/strong><\/p>\n<\/td>\n<td align=\"\" valign=\"top\" colspan=\"1\">\n      <strong>% 7-day return<\/strong><\/p>\n<\/td>\n<\/tr>\n<tr class=\"data even\">\n<td align=\"\" valign=\"top\" colspan=\"1\">\n      Kadena <\/p>\n<\/td>\n<td align=\"\" valign=\"top\" colspan=\"1\">\n      $26.3<\/p>\n<\/td>\n<td align=\"\" valign=\"top\" colspan=\"1\">\n      176%<\/p>\n<\/td>\n<\/tr>\n<tr class=\"data odd\">\n<td align=\"\" valign=\"top\" colspan=\"1\">\n      Loopring <\/p>\n<\/td>\n<td align=\"\" valign=\"top\" colspan=\"1\">\n      $3.2<\/p>\n<\/td>\n<td align=\"\" valign=\"top\" colspan=\"1\">\n      174.2%<\/p>\n<\/td>\n<\/tr>\n<tr class=\"data even\">\n<td align=\"\" valign=\"top\" colspan=\"1\">\n      Livepeer <\/p>\n<\/td>\n<td align=\"\" valign=\"top\" colspan=\"1\">\n      $66.2<\/p>\n<\/td>\n<td align=\"\" valign=\"top\" colspan=\"1\">\n      105%<\/p>\n<\/td>\n<\/tr>\n<tr class=\"data odd\">\n<td align=\"\" valign=\"top\" colspan=\"1\">\n      Helium <\/p>\n<\/td>\n<td align=\"\" valign=\"top\" colspan=\"1\">\n<p>$51.4<\/p>\n<\/td>\n<td align=\"\" valign=\"top\" colspan=\"1\">\n      75.2%<\/p>\n<\/td>\n<\/tr>\n<tr class=\"data even\">\n<td align=\"\" valign=\"top\" colspan=\"1\">\n      Mina <\/p>\n<\/td>\n<td align=\"\" valign=\"top\" colspan=\"1\">\n      $5.98<\/p>\n<\/td>\n<td align=\"\" valign=\"top\" colspan=\"1\">\n      35.8%<\/p>\n<\/td>\n<\/tr>\n<tr class=\"data odd\">\n<td align=\"\" valign=\"top\" colspan=\"1\">\n      <\/td>\n<td align=\"\" valign=\"top\" colspan=\"1\">\n      <\/td>\n<td align=\"\" valign=\"top\" colspan=\"1\">\n      <em>Source: CoinMarketCap.com<\/em> as of Nov. 11<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<table>\n<tbody>\n<tr class=\"data odd\">\n<td align=\"\" valign=\"top\" colspan=\"1\">\n      <strong>Biggest Decliners<\/strong><\/p>\n<\/td>\n<td align=\"\" valign=\"top\" colspan=\"1\">\n      <strong>Price<\/strong><\/p>\n<\/td>\n<td align=\"\" valign=\"top\" colspan=\"1\">\n      <strong><strong>% 7-day return<\/strong><\/strong><\/p>\n<\/td>\n<\/tr>\n<tr class=\"data even\">\n<td align=\"\" valign=\"top\" colspan=\"1\">\n      Revain <\/p>\n<\/td>\n<td align=\"\" valign=\"top\" colspan=\"1\">\n<\/p>\n<p>$0.02<\/p>\n<\/td>\n<td align=\"\" valign=\"top\" colspan=\"1\">\n      -18.1%<\/p>\n<\/td>\n<\/tr>\n<tr class=\"data odd\">\n<td align=\"\" valign=\"top\" colspan=\"1\">\n      The Sandbox <\/p>\n<\/td>\n<td align=\"\" valign=\"top\" colspan=\"1\">\n<\/p>\n<p>$2.37<\/p>\n<\/td>\n<td align=\"\" valign=\"top\" colspan=\"1\">\n      -17.9%<\/p>\n<\/td>\n<\/tr>\n<tr class=\"data even\">\n<td align=\"\" valign=\"top\" colspan=\"1\">\n      Amp <\/p>\n<\/td>\n<td align=\"\" valign=\"top\" colspan=\"1\">\n      $0.06<\/p>\n<\/td>\n<td align=\"\" valign=\"top\" colspan=\"1\">\n      -17.9%<\/p>\n<\/td>\n<\/tr>\n<tr class=\"data odd\">\n<td align=\"\" valign=\"top\" colspan=\"1\">\n      eCash<\/p>\n<\/td>\n<td align=\"\" valign=\"top\" colspan=\"1\">\n      $0.0001905<\/p>\n<\/td>\n<td align=\"\" valign=\"top\" colspan=\"1\">\n      -13.6%<\/p>\n<\/td>\n<\/tr>\n<tr class=\"data even\">\n<td align=\"\" valign=\"top\" colspan=\"1\">\n      Polygon <\/p>\n<\/td>\n<td align=\"\" valign=\"top\" colspan=\"1\">\n<p>$1.73<\/p>\n<\/td>\n<td align=\"\" valign=\"top\" colspan=\"1\">\n      -11.7%<\/p>\n<\/td>\n<\/tr>\n<tr class=\"data odd\">\n<td align=\"\" valign=\"top\" colspan=\"1\">\n      <\/td>\n<td align=\"\" valign=\"top\" colspan=\"1\">\n      <\/td>\n<td align=\"\" valign=\"top\" colspan=\"1\">\n      <em>Source: CoinMarketCap.com<\/em> as of Nov.11<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h6><span class=\"ez-toc-section\" id=\"Inflation_hedge\"><\/span>Inflation hedge? <span class=\"ez-toc-section-end\"><\/span><\/h6>\n<p>The U.S. Labor Department reported on Wednesday that inflation in October was 6.2% higher than a year ago, the highest rate since November 1990. On the same day, bitcoin and ether both hit new record highs.<\/p>\n<p>The coincidence has again drawn attention to the popular narrative among bitcoin supporters that the cryptocurrency could be used as a hedge against inflation.\u00a0<\/p>\n<p>Bitcoin\u2019s recent rise is a \u201chighly encouraging sign that bitcoin continues to evolve as a macro asset and inflation hedge,\u201d according to bitcoin company NYDIG\u2019s Wednesday notes. \u201cBitcoin exploded to a high of $69,000 from $66,000 after the CPI numbers were released this morning, while the broad risk markets digested the data with <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>rehension.\u201d<\/p>\n<p>\u201cBitcoin didn\u2019t exist the last time inflation was north of 6%,\u201d Matt Blom, global head of sales and trading at crypto exchange Eqonex<br \/>\n        EQOS,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/212357219\/composite\" class=\"positive\">+6.86%<\/bg-quote><br \/>\n       wrote in Wednesday notes. \u201cWhat will be interesting to see is the rhetoric of Bitcoin being \u2018digital gold\u2019 increasing across mainstream press.\u201d\u00a0<\/p>\n<p>In addition to bitcoin, some institutions are also seeing ether\u2019s potential as a hedge against inflation, according to Raghu Yarlagadda, co-founder and CEO of FalconX, a crypto brokerage that targets financial institutions.\u00a0<\/p>\n<p>Since Ethereum\u2019s London hard fork was activated in August, 845,280 ether, or the equivalent of $3.1 billion based on ether\u2019s current price, <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/dune.xyz\/k06a\/Ethereum-after-1559\" class=\"icon none\">have been burned<\/a>, or removed from the circulating supply.\u00a0<\/p>\n<p>\u201cBecause of the net burn, the tokens were bought into a deflationary regime within Ethereum,\u201d Yarlagadda said.\u00a0<\/p>\n<p>However, more evidence is needed to prove that bitcoin or ether can be used as a hedge against inflation, according to Lennix Lai, director of OKEx, one of the world\u2019s largest crypto exchanges by volume.<\/p>\n<p>\u201cWe need more data. We need more time to allow Bitcoin to prove itself as an inflation hedge,\u201d Lai said.\u00a0\u201cIf you take a look at the historical price movement, bitcoin didn\u2019t really have a negative correlation with the US equity markets.\u201d\u00a0<\/p>\n<p>NYDIG echoed the point. \u201cWhile we have touted the merits of bitcoin as an inflation hedge, we acknowledge broad risk selloffs driven by inflation concerns have weighed on bitcoin\u2019s price at times,\u201d according to the company\u2019s notes.<\/p>\n<h6><span class=\"ez-toc-section\" id=\"Bitcoins_Taproot_upgrade\"><\/span><strong>Bitcoin\u2019s Taproot upgrade\u00a0<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h6>\n<p>One major catalyst of bitcoin\u2019s price surge is the blockchain\u2019s highly-anticipated Taproot upgrade, which is expected to happen on Nov. 14, analysts said.<\/p>\n<p>The upgrade will enable \u201cSchnorr Signatures,\u201d a faster and more secure way to authorize transactions, among others. <\/p>\n<p>\u201cTaproot is arguably the most significant bitcoin upgrade to date, setting the stage for massive innovation and adoption,\u201d according to a September report by crypto exchange Kraken.<\/p>\n<p>\u201cThough it may only seem like an incremental improvement to Bitcoin, Taproot revolutionizes the Bitcoin network by massively enhancing privacy, making bitcoins more fungible, improving network scalability, and setting up foundational infrastructure to deploy future changes more easily,\u201d according to the report. <\/p>\n<h6><span class=\"ez-toc-section\" id=\"Twitters_crypto_team\"><\/span>Twitter\u2019s crypto team <span class=\"ez-toc-section-end\"><\/span><\/h6>\n<p><a href=\"https:\/\/buradabiliyorum.com\/en\/category\/social-mediaa\/\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Social Media\" target=\"_blank\" rel=\"noopener\">Twitter<\/a><br \/>\n        TWTR,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/203180645\/composite\" class=\"positive\">+0.52%<\/bg-quote><br \/>\n       is launching a dedicated crypto team, which will be led by crypto engineer Tess Rinearson.<\/p>\n<p>Rinearson <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/_tessr\/status\/1458466980323856387\" class=\"icon none\">wrote on Twitter<\/a> that the team will be first exploring \u201chow we can support the growing interest among creators to use decentralized apps to manage virtual goods and currencies, and to support their work and communities.\u201d<\/p>\n<p>The team will also \u201chelp shape the future of decentralized social media,\u201d she wrote.<\/p>\n<p>Mikkel Morch, executive director at crypto hedge fund ARK36 wrote in an email that \u201cit\u2019s becoming clear that the idea of decentralized, distributed, and self-sovereign entities \u2013 first made possible by the Bitcoin network \u2013 is becoming increasingly appealing to the youngest generation of social media users.\u201d<\/p>\n<p>\u201cThe direction Twitter is taking seems to be a part of a more significant and deeper transformation as the internet is moving towards Web 3.0.,\u201d Morch wrote.<\/p>\n<h6><span class=\"ez-toc-section\" id=\"Crypto_companies_funds\"><\/span>Crypto companies, funds <span class=\"ez-toc-section-end\"><\/span><\/h6>\n<p>In crypto-related company news, shares of Coinbase<br \/>\n        COIN,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/225893452\/composite\" class=\"positive\">+1.96%<\/bg-quote><br \/>\n        went up 4% to $342 early afternoon New York time on Thursday. It was down 0.7% for the past five trading days. Michael Saylor\u2019s MicroStrategy Inc.<br \/>\n        MSTR,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/202561856\/composite\" class=\"negative\">-0.81%<\/bg-quote><br \/>\n       \u00a0rose 1.4% to $827.9 on Thursday afternoon. It was up 3.5% over the past five days. <\/p>\n<p>Mining company Riot Blockchain Inc.<br \/>\n        RIOT,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/209538617\/composite\" class=\"positive\">+11.79%<\/bg-quote><br \/>\n      \u00a0shares\u00a0rallied 7.4% to $39.2 on Thursday. It notched a 19.4% gain over the past five days. Shares of Marathon Digital Holdings Inc.\u00a0<br \/>\n        MARA,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/205886758\/composite\" class=\"positive\">+7.40%<\/bg-quote><br \/>\n       rose 12% to $72.8 Thursday afternoon. It gained 13.1% over the past five trading days. <\/p>\n<p>Another miner Ebang International Holdings Inc.\u00a0<br \/>\n        EBON,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/219243771\/composite\" class=\"positive\">+2.97%<\/bg-quote><br \/>\n      \u00a0rose 0.97% to $2.1. It was down 3.7% over the past five trading days.<\/p>\n<p>Overstock.com Inc.\u00a0<br \/>\n        OSTK,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/200022359\/composite\" class=\"positive\">+4.67%<\/bg-quote><br \/>\n       went up 2.4%, trading at 98.5%, with a 6% loss over the past five days. <\/p>\n<p>Square Inc.\u00a0<br \/>\n        SQ,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/205989440\/composite\" class=\"positive\">+0.35%<\/bg-quote><br \/>\n       was trading flat at $227, down 8.2% over the past five days, while Tesla Inc.\u2019s\u00a0<br \/>\n        TSLA,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/203558040\/composite\" class=\"negative\">-2.83%<\/bg-quote><br \/>\n      \u00a0shares\u00a0rose 0.1% to $1,069, with a loss of 13.1% over the past five trading days.<\/p>\n<p>PayPal Holdings Inc.\u00a0<br \/>\n        PYPL,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/208054269\/composite\" class=\"positive\">+3.10%<\/bg-quote><br \/>\n      \u00a0fell 0.7% to $203, logging an 11% loss over the past five days, while NVIDIA Corp.<br \/>\n        NVDA,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/200467500\/composite\" class=\"\"><\/bg-quote><br \/>\n      \u00a0was up 1.9% to $303, with a 0.99% gain over the past five days. Advanced Micro Devices Inc.\u00a0\u00a0<br \/>\n        AMD,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/208144392\/composite\" class=\"positive\">+1.29%<\/bg-quote><br \/>\n       jumped 4% to $146 and notched a 5.9% return over the past five days.<\/p>\n<p>In the fund space, ProShares Bitcoin Strategy ETF<br \/>\n        BITO,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/230440344\/composite\" class=\"negative\">-1.20%<\/bg-quote><br \/>\n      \u00a0dropped 1.1% to $41.8 Thursday afternoon, while Valkyrie Bitcoin Strategy ETF<br \/>\n        BTF,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/230473388\/composite\" class=\"negative\">-1.25%<\/bg-quote><br \/>\n       declined 1.3% to $25.7. <\/p>\n<p>Grayscale Bitcoin Trust<br \/>\n        GBTC,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/203330852\/delayed\" class=\"negative\">-1.38%<\/bg-quote><br \/>\n       dropped 0.5% to $53, with an 8.7% gain over the past five days. <\/p>\n<h6><span class=\"ez-toc-section\" id=\"Must_reads\"><\/span><strong>Must read<\/strong>s <span class=\"ez-toc-section-end\"><\/span><\/h6>\n<ul class=\"articleList\">\n<li>\n      Coinbase stock plunges after a less volatile summer crypto market suppressed fees (MarketWatch)<\/p>\n<\/li>\n<li>\n      Coinbase CEO anticipates planned NFT marketplace more akin to Instagram than eBay (MarketWatch)<\/p>\n<\/li>\n<li>\n      Crypto \u2018reasonable to own\u2019 as \u2018part of a diversified portfolio,\u2019 but don\u2019t expect Apple to take bitcoin payment soon, says Tim Cook (MarketWatch)<\/p>\n<\/li>\n<li>\n      Bitcoin cash hoax underlines need for regulatory protection, investor caution, experts say (MarketWatch)<\/p>\n<\/li>\n<li>\n      <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.wsj.com\/articles\/binance-became-the-biggest-cryptocurrency-exchange-without-licenses-or-headquarters-thats-coming-to-an-end-11636640029?mod=article_inline\" class=\"icon none\">How Binance Became the World\u2019s Biggest Crypto Exchange<\/a> (The Wall Street Journal)<\/p>\n<\/li>\n<li>\n      <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/time.com\/6115274\/nft-conference-parties-culture\/\" class=\"icon none\">Inside the Earnest Parties at the First Major NFT Conference<\/a> (TIME Magazine)<\/p>\n<\/li>\n<li>\n      <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/fortune.com\/2021\/11\/10\/huobi-singapore-ban-shut-down-china-crypto-exchange\/\" class=\"icon none\">One of the world\u2019s top crypto exchanges is shutting accounts in Singapore, weeks after it exited China<\/a> (Fortune)<\/p>\n<\/li>\n<\/ul><\/div>\n<\/div><\/div>\n<p><\/p>\n<div class=\"byline article__byline\">\n<p>    <span>By<\/span><\/p>\n<div class=\"author mobile-scrim hasMenu\" data-scrim='{\"type\":\"author\",\"header\":\"Frances Yue\",\"subhead\":\"The Wall Street Journal\",\"list\":[,{\"type\":\"link\",\"icon\":\"twitter\",\"url\":\"https:\/\/twitter.com\/FrancesYue_\",\"text\":\"@FrancesYue_\"},{\"type\":\"link\",\"icon\":\"email\",\"url\":\"http:\/\/www.marketwatch.com\/news\/mailto:frances.yue@marketwatch.com\",\"text\":\"frances.yue@marketwatch.com\"}]}' itemscope itemprop=\"author\" itemtype=\"http:\/\/schema.org\/Person\">\n<h4 itemprop=\"name\"><span class=\"ez-toc-section\" id=\"Frances_Yue\"><\/span>Frances Yue<span class=\"ez-toc-section-end\"><\/span><\/h4>\n<\/p><\/div>\n<\/div>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more News articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/news\/\" target=\"_blank\" rel=\"noopener\">News category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"http:\/\/www.marketwatch.com\/news\/story.asp?guid=%7B20C05575-04D4-B545-775F-5AEC42754F4D%7D&#038;siteid=rss&#038;rss=1\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;#Distributed Ledger: Some hedge funds are seeing ether as an inflation hedge. A crypto brokerage\u2019s CEO explains why&#8221; One major catalyst of bitcoin\u2019s price surge is the blockchain\u2019s highly-anticipated taproot upgrade, which is expected to happen on Nov. 14, analysts said Hello again!\u00a0Welcome to Distributed Ledger, our weekly crypto newsletter that will reach your inbox&#8230;<\/p>\n","protected":false},"author":1,"featured_media":366812,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.mktw.net\/im-429485\/social","fifu_image_alt":"","footnotes":""},"categories":[70897],"tags":[],"class_list":["post-366811","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/366811","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=366811"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/366811\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/366812"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=366811"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=366811"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=366811"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}