Author: NBTC

As became known thanks to the latest weekly research by CoinShares, investment products linked to the popular cryptocurrency saw a staggering result with inflows of $15.2 million. In fact, this is 353% higher than the week before and brings the year-to-date total for XRP-focused ETFs to $46 million. In other words, based on simple math, last week saw almost half as much money flow into XRP ETPs, as in the previous 11 months. The reason for this avalanche of money lies in the price action of the popular cryptocurrency. What drove crypto market participants to push the price of XRP…

On Jan. 14, 2025, Gary Gensler had a farewell interview on CNBC. On January 20, he will step down as the chairman of the SEC. What were their conclusive words to the crypto community? At the very start of the interview, the host, Andrew Ross Sorkin, makes a remark that sets the context. He notes that even in the last few days of Gensler’s tenure as the SEC chair and launch of the Trump administration 2.0, Robinhood brokers had to settle $45 million SEC charges associated with violations of ten law provisions. At that time, Sorkin didn’t know that after…

Analytics platform IntoTheBlock announced that 100% of Bitcoin holders are now in profit following a surge in the coin’s price ahead of President Donald Trump’s inauguration. The platform further revealed that the last time all BTC holders were in profit was during the November crypto frenzy after Trump’s win in the presidential elections led the coin from around $80,000 to a new all-time high above $108,000. The president has been more forthcoming about crypto and crypto-friendly regulations to help the U.S. establish itself as a Bitcoin hub. Trump promised his crypto supporters during his campaign that he would initiate more…

Ethereum price started a downside correction from the $3,500 resistance. ETH is consolidating above $3,120 and facing many hurdles. Ethereum failed to gain pace for a close above $3,500 and corrected gains. The price is trading below $3,320 and the 100-hourly Simple Moving Average. There is a short-term connecting bearish trend line forming with resistance at $3,380 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start another increase if it clears the $3,300 resistance level. Ethereum Price Dips To Support Ethereum price started a decent upward move above the $3,320 level but upsides were limited…

Digital asset inflows hit over $2 billion last week, fueled by Trump inauguration enthusiasm, with total assets under management reaching more than $170 billion. Crypto investment products saw inflows of $2.2 billion last week, according to data from European alternative asset manager CoinShares. In a blog post on Jan. 20, James Butterfill, head of research at CoinShares said the latest development marks the largest weekly inflows so far in 2025, attributing the surge to the Trump inauguration euphoria. Total assets under management hit $171 billion, reaching an all-time high, Butterfill revealed, adding that trading volumes on exchange-traded products were also…

A surge in crypto ETF applications emerged as Gary Gensler’s tenure at the SEC ended today. At least five new filings were submitted to the SEC after US business hours on Friday, coinciding with Gensler’s final day as the agency’s chair. New Crypto ETF Proposals Flood the SEC Among the notable filings, Tidel Finance introduced the “Oasis Capital Digital Asset Debt Strategy ETF” (DADS). This fund plans to focus on debt securities tied to several sectors, including digital asset mining, companies directly holding digital assets, payment companies, and more. ProShares also filed for a Solana Futures ETF. This follows a…

Nayib Bukele, President of El Salvador, has blasted the attitude of the opposition to its government, which has used his bitcoin policies as an attack vector against his administration. Bukele stated it is better to not listen to them. El Salvador’s President Nayib Bukele on Bitcoin Critics: Better ‘Not Listening’ to Them Nayib Bukele, President of El Salvador, has railed against critics of his bitcoin policy in the country. In one of his latest appearances, Bukele condemned the actions of local critics who have used his bitcoin policies, which have put El Salvador in the spotlight, as a weapon against…

Prominent crypto analyst Ali Martinez again suggests that Ethereum could trade above the $7,000 price point in the current bull market. Over the past two years, Ethereum (ETH) has crawled while fellow market leaders Bitcoin (BTC) and Solana (SOL) have soared to new record highs. Despite the underperformance, analysts have continued to offer investors hope of a looming ETH price explosion. In the latest instance, one such analyst has suggested that the asset could more than double in price in the current bull market, citing a historical pattern. Ethereum To $7,000? Prominent crypto analyst Ali Martinez has asserted that Ethereum…

Gate Ventures, the venture capital division of Gate.io, has committed $20 million to the BNB Incubation Alliance. The alliance is a collaborative initiative by Binance Labs and BNB (BNB) Chain, is designed to support blockchain and Web3 startups with funding, mentorship, and technical assistance, according to a Gate.io release. The BNB Incubation Alliance aims to connect venture capital firms, developer communities, and incubators to accelerate the development of blockchain projects. It focuses on early-stage startups and provides resources such as financial backing, professional coaching, and technical guidance. This investment from Gate Ventures is expected to enhance the alliance’s ability to…

The SEC announced today that Vanguard will pay over $106 million to settle charges against it. The charges allege that Vanguard issued misleading statements to investors about retirement funds. The funds received from this settlement will be distributed to the investors in question. SEC’s Legal Battle with Vanguard Vanguard, an American investment group, has run afoul of the SEC and its regulatory measures. The firm has not had many confrontations with the SEC in recent years. Although it is a major ETF issuer, it has generally avoided crypto ETFs. The SEC’s approval of Ethereum ETFs didn’t change the equation for…