Author: NBTC

As interest in $XRP-based exchange-traded funds (ETFs) continues to grow in the cryptocurrency market, recent data on $XRP ETFs traded in the US reveals a noteworthy picture. According to real-time tracking data, a total of 7 different $XRP ETF products are traded on the market, with a total asset size (AUM) of approximately $1 billion. While the $XRP price is trading sideways around $1.34, the total amount of $XRP locked through ETFs is calculated at 769.79 million. This amount represents approximately 0.7698% of the total 100 billion $XRP supply. Related News There Are New Developments in Turkey’s Cryptocurrency Tax Bill…

Reform UK leader Nigel Farage received about £5 million (around $6.7 million) from crypto billionaire Christopher Harborne before announcing his run for the Clacton seat in 2024, The Guardian reported Wednesday. The Conservatives have referred him to the Parliamentary Standards Commissioner, while Labour has also accused him of breaking House of Commons rules. Farage confirmed the gift in an interview with the Daily Telegraph, saying it was meant to keep him “safe and secure for the rest of my life” after a milkshake was thrown at him in 2019 and a firebomb attack on his home last year. Harborne, a…

Bitcoin price fell last night after President Donald Trump signaled a potential escalation in military action against Iran, triggering a broad pullback across global markets and raising questions about whether bitcoin price could test lower support levels. The price of Bitcoin dropped nearly 4% within hours after Trump’s April 1 address, sliding to below $66,000 early April 2. The decline came as investors shifted away from risk assets following remarks that pointed to harder strikes in the coming weeks, with no timeline for de-escalation. Equity markets also moved lower. The S&P 500 traded in negative territory, while Asia-Pacific equities reversed…

Bitmine, a company operating in crypto asset management and mining, continues to grow its Ethereum investments. According to information shared by the on-chain data platform Lookonchain, the company staked 162,088 Ethereum approximately eight hours ago. This transaction is estimated to have a market value of approximately $366 million. With this latest move, the total amount of $ETH staked by Bitmine has reached 4,194,029. This figure demonstrates the company’s strong commitment to the Ethereum ecosystem and its long-term return strategy. Staking means that investors contribute to the security of the network by locking their crypto assets for a certain period of…

Gen Z investors are still interested in crypto markets, even embracing high-risk investments. The generation has become a leader in prediction markets and memes, aiming to catch up to financial security through breakthroughs and sheer luck. Gen Z investors may keep crypto alive, despite fears that AI will displace crypto as the hottest investment. Recent research by Northwestern Mutual reveals crypto assets make up a significant part of Millennial and Gen Z portfolios, but the two groups show different areas of interest. Millennials treated crypto as a self-guided investment opportunity, using new assets to actively build their portfolios. Gen Z…

The DeFi Investor, a closely followed analyst in the cryptocurrency market, shared the altcoins and key developments that investors should keep an eye on as the new week begins. The analyst’s weekly watchlist includes both project-specific developments and critical macroeconomic headlines. According to the shared list, a significant update is on the way for Aave ($AAVE), one of the leading projects in the DeFi ecosystem. The AIP proposal for the launch of $AAVE V4 is expected to be activated in the coming days. On the other hand, regarding Ethereum (ETH), the Ethereum Conference, one of the largest events in Europe,…

The latest holding pattern for the bill to fully insert the crypto sector into the U.S. financial system was centered on Senator Thom Tillis’ request that bankers get more time to negotiate the Digital Asset Market Clarity Act’s approach on the contentious topic of stablecoin rewards. That may be over. Tillis told reporters on Wednesday that the work on the Clarity Act — the industry’s top objective in Washington — has “addressed a lot of the concerns” of the banking lobbyists who have been defending the turf of interest-bearing deposits they argued could be threatened by stablecoin yield. The Republican…

Polymarket is seeking approval from the Commodity Futures Trading Commission (CFTC) to bring its main prediction market back to U.S. users. The company has discussed lifting its ban on U.S.-based traders with CFTC officials in recent weeks, Bloomberg reported Tuesday, citing sources familiar with the talks. The ban has been in place since Polymarket reached a 2022 settlement with the agency and moved its main exchange overseas. The CFTC cleared a separate U.S.-only Polymarket platform last November after the company acquired a registered exchange. That site has yet to fully launch. Prediction markets let users trade contracts tied to future…

The Derivatives Flip “What’s happened in the derivatives market for Bitcoin leaves me much more bullish,” Sigel told Anthony Pompliano on Wednesday. “If you look at what you have to pay for puts versus calls, it’s like we’re in the 99th percentile here of folks paying up for protection. That’s a contrarian long signal,” he added. Additionally, coins that are 3-5 years old that haven’t moved in that timeframe started selling heavily in Q4 and Q1 as early cycle buyers took profits. That selling has eased up in recent weeks, with Marathon Digital Holdings ) retiring convertible bonds representing one…

In brief Ethereum ETFs posted $184 million in outflows over four straight days through April 30. Bitcoin ETFs also shed $476 million over the same period, but saw a $14.76 million inflow Thursday. Myriad users see a 55% chance Ethereum hits $3,000 next, up from 46% on Monday. Ethereum exchange-traded funds extended their losing streak to four days on Thursday, shedding nearly $184 million as geopolitical uncertainty offset record highs in U.S. stocks. The outflows accelerated on April 29, when Ethereum ETFs posted $87.7 million in net redemptions, the largest single-day exit since March 26, according to SoSoValue data. Cumulative…