OpenServ CEO Predicts Social Analytics Will Become Core Market Data

OpenServ CEO Tim Hafner believes social analytics will become as central to trading as traditional price and volume data, arguing exchanges and asset managers should develop verification and auditability standards for social data. OpenServ and social analytics provider LunarCrush have collaborated to integrate 24/7 monitoring of 30-50 million social posts per hour into OpenServ's AI-powered agent platform. The partnership has produced two live products: DeFi News aApp and Dash.fun. Hafner emphasized the need for filtering out coordinated campaigns or manipulated sentiment, using multiple layers of verification in OpenServ's agent framework.

A Dutch financial technology company, AMDax, has announced the launch of a new venture, AMBTC BV, an independent private treasury management firm focused on Bitcoin. The new entity aims to eventually hold 1% of Bitcoin's total circulating supply, equivalent to approximately 199,079 BTC [1].

AMBTC BV, backed by AMDax, is the first Dutch firm licensed under the Markets in Crypto-Assets (MiCA) and the Dutch Central Bank (DNB). The company plans to acquire Bitcoin in phases, with the ultimate goal of holding 1% of the cryptocurrency's supply, currently estimated at 19,907,906 BTC. At present prices, this target equates to roughly $22.8 billion worth of BTC.

The company is preparing for an initial public offering (IPO) on Euronext Amsterdam, one of Europe's leading stock exchanges. Details of the IPO, including issue volume, terms, and participating institutions, will be disclosed in the coming months. Proceeds from the IPO and private fundraising will be used to make the initial purchase of Bitcoin.

AMDax, a regulated virtual asset service provider, is currently in discussions with several unnamed investors in preparation for an initial funding round. The company's strategic growth plans aim to position AMBTC BV among the top global Bitcoin treasury holders and likely make it the largest in Europe by BTC reserves.

The launch of AMBTC BV comes at a time when Bitcoin's price is trading below $116,406, according to Binance (BTC/USDT pair via TradingView) [1].

References:

[1] https://coinpaper.com/10561/dutch-firm-amdax-launches-bitcoin-treasury-eyes-1-of-btc-supply