Techme101.com

Betano the Greek sportsbook operator has reportedly signed a new deal with Premier League outfit Aston Villa.
The soccer side penned the deal according to an article exclusive via the UK newspaper The Telegraph.
Aston Villa and Betano deal
The deal is rumored to be the biggest sponsor to be emblazoned on the jerseys of the Birmingham Premier League team. Coming in at £40m ($50.4m) they will wear the Mediterranean parlay site’s logo and branding across the 2024/25 and 2025/26 Premier League seasons.
The new sports betting sponsor will be in place for a brand-new kit deal with Adidas that the Aston Villa faithful will flock to in droves. They are leaving behind the current sponsor Castore for the world-renowned Three Stripes created by Adi Dassler.
Betano has deals with Portuguese clubs FC Porto and Sporting Lisbon, as well as Brazilian teams Atletico Miniero and Fluminense.
The Brummy side are battling for a place in the Champions League next season. This is the top European competition that all sides want to be a part of as it has the most lucrative branding, broadcast, and sponsorship deals that come hand-in-hand with qualifying for the elite tournament.
Aston Villa is in a good spot to qualify as they are fourth in the world’s most elite soccer league. However, they battle to remain in contention for one of the coveted places.
The Betano deal will reportedly be the biggest in the club’s history and will help the side with financial fair play (FFP) requirements that are enforced on European clubs to avoid dodgy dealings or the club’s spending more than they can afford. The club from Birmingham recorded a loss of £120m ($151m), which regulatory body UEFA said was the biggest across all European clubs.
The side helmed by Spaniard Unai Emery had a spectacular start to the season with eight consecutive home wins and a notable feather in the cap with a December win over Arsenal. They fell out of the hunting pack for the Premier League title but retained a vice grip on the fourth spot despite a turbulent recent run of games.
They face a rematch away from home against Arsenal, which has a bit of added spice as Emery was once the manager of the London club before being shown the exit door. Manchester City also await away from home before the season ends.
The biggest fixture for the claret-wearing club comes at home as rivals Liverpool will close out the season at Villa Park. This game could decide the European ambitions of the club and the men in red could be the real villains of the piece if Aston Villa’s form doesn’t improve.
Image: Aston Villa FC.
The post EPL team Aston Vila agree sponsorship with Betano sportsbook appeared first on ReadWrite.

Earlier this week we discovered Starship Simulator and got over-excited about the size of the ambition that this brand-new space sim had. It seems we were not alone. Within two days of the Kickstarter going live it has blasted past its funding target of £65,000 and is now boldly going towards hitherto unknown stretch goal territory.
Backing things on Kickstarter is always a gamble, but the fact Starship Simulator has more of a playable demo and experience already on Steam than Star Citizen ever had in its early days is a testament to the work of Dan and Claire Govier, the people behind the project at Fleetyard Games, and watching the funding and backer count climbing up even during the time it takes to write this article would suggest others agree.
Announcing hitting the target via an email to backers, the devs said:
“To say we’re completely blown away by your support is the biggest understatement of the century. A week ago we were wondering if we’d even make it to our goal, and yet here we are just 72 hours into the campaign, and you guys have completely smashed it already!
It’s just incredible, thank you all so much

The Grayscale Bitcoin Trust (GBTC) experienced significant withdrawals, with $359 million leaving the fund on Thursday (Mar 21).
Those outflows come on the heels of a week of heavy withdrawals, culminating in a record single-day withdrawal of $642 million on Mar. 18. These recent withdrawals have escalated the total weekly outflows from GBTC to $1.8 billion, marking the fourth straight day of net withdrawals across all Bitcoin (BTC) exchange-traded funds (ETFs).

We’ve got a negative flow day for the Cointucky Derby #Bitcoin ETFs thanks to $GBTC’s $643 million outflow day pic.twitter.com/scmVgmwtiH
— James Seyffart (@JSeyff) March 19, 2024

What’s causing the Bitcoin ETF outflow?
There’s speculation that the wave of withdrawals from Grayscale’s fund might be winding down. Eric Balchunas, a Senior ETF analyst at Bloomberg, suggests that the outflows could be largely attributed to bankruptcies within the cryptocurrency sector, indicating that the downturn might be nearing its end.

What a pounding. Thought worst was over. Guess not. Who is leaving now that wasn’t motivated to leave past two months? https://t.co/YNX1dBt2FM
— Eric Balchunas (@EricBalchunas) March 21, 2024

Balchunas pointed out that withdrawals from significant industry players like Gemini or Genesis are likely being redirected into purchasing Bitcoin, which in turn supports the market. He expressed optimism suggesting that “the worst is probably close to being over.”

The more I think about it the more likely the uptick in flows is related to the bankruptcies bc of the size and consistency. The flows in Feb showed what retail outflows look like, smaller and random pattern. Also any Gemini/Genisis outflows likely buying btc w cash hence market…
— Eric Balchunas (@EricBalchunas) March 22, 2024

As of March 21, Grayscale disclosed that its Bitcoin Trust had $23.2 billion in assets under management — now standing at under $23.24. Since converting to an ETF on January 11, GBTC has seen a reduction of $13.6 billion in assets.
Independent researcher ErgoBTC observed that roughly $1.1 billion of the recent GBTC outflows might be linked to the bankrupt cryptocurrency lender Genesis. Ergo highlighted a correlation between the timing and volume of GBTC outflows and Genesis inflows, suggesting a direct relationship.
Genesis was granted court approval in February to sell $1.3 billion worth of GBTC shares to settle its debts. Before this, the bankrupt exchange FTX had sold off its entire stake of 22 million GBTC shares, nearly $1 billion worth, effectively liquidating its position.
Amid these market movements, Bernstein has updated its forecast for Bitcoin, predicting a significant rise. The investment firm has raised its year-end Bitcoin price target to $90,000 from its earlier estimate of $80,000, buoyed by a recent uptick to around $74,000 and a positive reception to new spot BTC ETFs.
Bernstein analysts, Gautam Chhugani and Mahika Sapra, attribute their bullish outlook to several factors: the commencement of a new Bitcoin bull cycle, robust inflows into ETFs, a surge in miner capacity, and unprecedented miner revenues, presenting a compelling case for equity investors interested in the cryptocurrency sector.
Furthermore, Bernstein has adjusted its prediction for the upcoming Bitcoin halving in April, now anticipating a 7% reduction in the hash rate, a measure of mining computational power. This outlook is more optimistic than their prior estimate of a 15% decline, expecting a smoother transition and better industry consolidation than before.
The developments follow some recent reports suggesting that Bitcoin may be heading towards its biggest crash so far. Also, earlier this week the world’s first cryptocurrency saw a brief flash crash down to $8,900 on BitMEX, before quickly returning over $60,000.
The post Grayscale’s Bitcoin ETF sees $359m daily outflow appeared first on ReadWrite.