Author: NBTC
U.S. stocks edged higher on Monday as investors began the week on an upbeat note following last week’s sharp sell-off amid weak jobs data and tariff jitters. Summary Stocks rose on Monday as investors flipped upbeat following the sharp sell-off seen on Aug. 1. Dow added 300 points, while S&P 500 and Nasdaq edged higher. Global trade and U.S. economy concerns remain. The Dow Jones Industrial Average was up nearly 300 points, while both the S&P 500 and Nasdaq rose 0.8% and 0.95%, respectively, as Wall Street searched for fresh footing. Slight gains across the major indices came after equities…
In recent hours, some social media accounts have begun spreading false rumors that China has banned cryptocurrencies again. However, these claims are not based on official sources and contradict existing regulations. Here are four important facts about China’s cryptocurrency policies: Hong Kong is welcoming the cryptocurrency sector: Hong Kong, a special administrative region of China, has embraced cryptocurrencies as a pilot region. Local regulators continue to license crypto exchanges. Individual transactions are not prohibited: Individuals are not prohibited from buying or selling cryptocurrencies in China. Only financial institutions and companies are prohibited from offering cryptocurrency services. Personal cryptocurrency ownership is…
Crypto derivatives trading volumes on the Binance exchange surged to six-month highs in July, signaling increased trading activity and potentially more volatility in the wake of recent market swings. Binance futures trading volumes hit $2.55 trillion in July, the highest level since January, reported CryptoQuant analyst J.A. Maartun on Tuesday. “The jump in volume followed a month of sharp price moves in both Bitcoin and altcoins,” he said, referencing crypto’s all-time high market capitalization of $4 trillion that pulled back at the end of July. Other crypto derivatives providers, Bybit and OKX, also had strong activity, with $929 billion and…
Fundstrat co-founder and Bitmine Technologies CEO Tom Lee, who has made a name for himself with his bold predictions about Bitcoin and the market, made new statements. Accordingly, Tom Lee, who gave a big boost to Ethereum, argued that Ethereum will be the biggest macro trend in the next 10-15 years. Sharing from his X account, Lee stated that Wall Street’s financialization of blockchain and AI’s tokenization of robotic assets are positive for Ethereum. “….Ultimately, Ethereum will become one of the biggest macro trends in the next 10-15 years.” In his previous statements, Tom Lee predicted that Ethereum would rise…
Coinbase (COIN) has been downgraded to a sell rating by Compass Point, which also cut its year-end price target from $330 to $248, citing weaker-than-expected earnings and fading interest in crypto equities as key risks. COIN is trading modestly higher on Monday at $316 following last week’s earnings-related 18% plunge. “While we remain constructive on the current crypto cycle, we expect a choppy 3Q alongside weak August/September seasonality and waning retail interest in crypto treasury stocks,” analysts wrote. “We also expect increasing stablecoin competition to weigh on both COIN and CRCL’s valuations in 2H25.” Coinbase missed expectations for second-quarter results,…
The XRP community is on high alert as the Ripple vs U.S. Securities and Exchange Commission (SEC) legal battle moves toward what could be a decisive step on August 15. The date could mark the official end of the lawsuit that has loomed over XRP since 2020. However, despite excitement, there’s still confusion about the next steps and whether either side has dropped their respective appeals. In the days leading up to August 15, one Ripple supporter publicly asked CEO Brad Garlinghouse about the company’s legal approach. Specifically, the user questioned when Ripple dropped its countersuit against the SEC and…
Laser Digital, the cryptocurrency trading and servicing subsidiary of Japanese bank Nomura, secured a limited license to offer regulated, over-the-counter (OTC) crypto derivatives from Dubai under the Virtual Asset Regulatory Authority’s (VARA) pilot framework. Under this regime, Laser Digital says it is the first regulated entity under VARA to offer direct client-facing crypto OTC option services. As crypto derivatives ramp up around the globe, places like Dubai with its crypto-friendly regulatory framework, have become hot destinations for firms. For example, Deribit, the crypto derivatives platform recently acquired by Coinbase, also has Dubai plans in the works. “Crypto has become very…
Ethereum exchange-traded funds (ETFs) suffered devastating outflows of more than $465 million on Monday, according to data provided by SoSoValue. BlackRock’s iShares Ethereum Trust ETF (ETHA) took the biggest blow with $375 million. The Fidelity Ethereum Fund (FETH) comes in second place with $55.1 million. Not a single Ethereum ETF was in the green on Monday, with several products remaining flat. Still, ETH is up by roughly 4% over the past 24 hours, meaning that the bulls are not dismayed by the massive outflows. Off to a rough start In July, Ethereum ETFs attracted a staggering $5.4 billion worth of…
No public company in the United States merely holds gold as its corporate purpose, but a firm listing itself around its TON holdings is entirely viable (and in the works). While gold ETFs have existed for years, the Strategy-style (formerly MicroStrategy) treasury play isn’t viable for gold. As token-backed narratives gain traction, a new class of publicly traded companies is adopting a strategy defined less by operational revenue than by the assets on their balance sheets. These firms are placing crypto at the center of their identity, turning tokens like Bitcoin, Ethereum, XRP, and now TON into the nucleus of…
The US Commodity Futures Trading Commission has launched a “crypto sprint” to begin implementing crypto-related recommendations the Trump administration released on Wednesday. Acting CFTC chair Caroline Pham said on Friday that the agency would “work closely” with Securities and Exchange Commission chair Paul Atkins and Commissioner Hester Peirce on its “Project Crypto” initiative announced on Thursday. “The CFTC is wasting no time in fulfilling President Trump’s vision to make America the crypto capital of the world,” Pham said. Source: CFTC The initiatives are to implement agency-specific recommendations that US President Donald Trump’s Working Group on Digital Asset Markets made in…