Author: NBTC
DeFi Technologies, a publicly traded Canadian firm, has announced the launch of its subsidiary Valour Inc.’s new product—the Valour Dogecoin (DOGE) ETP—on the Sweden-based Spotlight Stock Market, according to a Nov. 26 statement. This marks the first Dogecoin ETP in the Nordics, giving investors a secure and simplified way to gain exposure to the popular digital asset. The Valour Dogecoin (DOGE) SEK ETP is designed to eliminate the complexities of directly owning digital assets. The fund charges a management fee of 1.9% while providing a cost-effective and streamlined way for investors to participate in the growing crypto market. Johanna Belitz,…
Let’s get one thing out of the way – The United States already holds more bitcoin than any government in the world. While this data is true, you wouldn’t exactly know this from the obscene amounts of FOMO being generated by industry lobbyists on social media. On X, BTC Inc CEO David Bailey, has been pushing for an Executive Order by President Donald Trump that would put this in place on day one, while Satoshi Action Fund founder Dennis Porter has been stoking state-level enthusiasm, pledging to get states active in purchasing before the federal government as some act of…
Robinhood (NASDAQ: HOOD) stock is back to a price last seen in September 2021, soaring above $45.81. This impressive comeback marks a new milestone for the fintech and trading platform, highly benefiting from renewed optimism on cryptocurrencies. Notably, HOOD closed the Wednesday session, on January 15, with a 30.31% premium from its initial public offering (IPO). The fintech launched itself to the United States stock market on July 28, 2021, trading at $38 per share. However, the following years after the IPO were truly challenging for Robinhood, going as low as $8 per share in multiple occasions, starting a shy…
Options trading for BlackRock’s exchange-traded fund (ETF), iShares Bitcoin Trust ETF (IBIT), started on Nov. 19 at Nasdaq and has already moved over $446 million in its first trading hours. Bloomberg senior ETF analyst Eric Balchunas remarked that the volume is “a ton” for a first day, with nearly 98% of trading contracts being calls. He added: “Seems very bullish, esp the Dec20th C100, which is basically betting price of btc [Bitcoin] will double in the next month.” A “call” in an option contract gives the right to purchase a security at a predetermined price, known as the strike price,…
As of this week, Sky, the decentralized finance (defi) initiative previously recognized as Makerdao, has witnessed its newly launched stablecoin, USDS, exceed the $2 billion threshold. Among the top ten stablecoins, it experienced the most significant expansion in supply over the past month. Sky’s USDS Climbs to Top Five While DAI Holds Its Ground Sky’s stablecoin, USDS, has recorded a 99% growth in supply over the last 30 days, according to stablecoin metrics from defillama.com. As a relatively new entrant to the stablecoin market, USDS operates alongside DAI and maintains a 1:1 exchange rate with it. Data from Sky’s website…
Ethereum saw an upswing, breaking through the $3,400 mark as the markets reacted to political waves leading toward a presidential inauguration. After struggling for a week, from Jan. 11 to 17, Ethereum (ETH) broke the downward movement, pushed past its last resistance level of $3,400 and is currently trading at $3,406.72 at the time of writing. Ethereum’s price breaks the $3,400 resistance, rallying to $3,424 as bullish momentum builds ahead of the anticipated Pectra upgrade and political developments. Source: crypto.news This market optimism is driven by speculations that President-elect Donald Trump would sign an executive order related to cryptocurrency when…
Scott Bessent walked into his Senate confirmation hearing today with one clear goal: to champion the radical changes coming to Washington. The billionaire investor and Donald Trump’s pick for Treasury Secretary didn’t waste time defending Elon Musk’s Department of Government Efficiency (D.O.G.E). Scott declared the department “absolutely essential” to the administration’s economic policies. The department, co-led by Elon and biotech entrepreneur Vivek Ramaswamy, is tasked with an impossible-sounding job: cut a third of the federal budget while keeping key programs like Social Security intact. Elon’s D.O.G.E plans to rewrite Washington’s rulebook Elon Musk’s D.O.G.E was born out of an October…
Video-sharing platform Rumble (RUM) is moving higher during afternoon U.S. trading hours on Tuesday after CEO Chris Pavlovski suggested an interest in adopting a bitcoin (BTC) treasury strategy. “Should Rumble add Bitcoin to its balance sheet,” asked Pavlovski on X. By itself, the question might have been considered little more than a playful tease, but it quickly drew a response from MicroStrategy’s (MSTR) Michael Saylor, who pioneered corporate bitcoin adoption. “Yes,” responded Saylor. “I would be happy to discuss why and how with you.” “DM’ing you now,” responded Pavlovski. Prior to the exchange, Rumble’s stock had been trading modestly lower…
QuickSwap, an advanced DeFi ecosystem, has recently announced a milestone. As per QuickSwap, it is going live on Soneium mainnet to empower communities, creators, and developers. The platform disclosed the details of this launch on social media. https://t.co/C5IzC7UWv3 — QuickSwap 🐲 DragonFi 2.0 (@QuickswapDEX) January 18, 2025 Soneium Launches QuickSwap on Mainnet to Enrich DeFi Experience QuickSwap labeled the launch on the mainnet of Soneium as a significant development. It added that up till now the decentralized exchange has integrated with seven chains and this is another opportunity. Soneium operates as an Ethereum L2 blockchain that Sony Block Solutions Labs…
Despite Bitcoin experiencing a bullish rally, the prime altcoin, Ethereum (ETH), has lagged in relative terms. Ethereum has found the $3,800 price level, a critical resistance it has not breached in the past 30 days. However, Sandeep Nailwal, the cofounder of Polygon, has made a bold and optimistic prediction about Ethereum’s future price movement. Bold prediction from Polygon’s cofounder In a post on X, Nailwal contradicts the general sentiment about ETH on the cryptocurrency market. He believes a massive Ethereum pump is “around the corner and it’s going to absolutely melt faces.” Nailwal’s post suggests he expects a substantial price…