Author: NBTC
Robinhood Markets, Inc. (NASDAQ: HOOD), based in Menlo Park, California, released its November 2024 data on December 11, highlighting notable growth across multiple metrics. The company reported increased funded customers, assets under custody, and trading volumes, underscoring a period of substantial expansion. With a focus on cryptocurrencies and increased customer engagement, Robinhood positions itself as a key player in the financial technology sector. Robinhood Added ~420k Funded Customers in Nov, Total of Up to 24.8 Million Robinhood added 420,000 funded customers in November, bringing the total to 24.8 million. This growth reflects the company’s ongoing efforts to attract and retain…
Meme tokens can hint at their reliability based on a metric of larger retail wallets. The presence of holders with more than $1,000 in assets signals the formation of a community, with more potential for long-term holding. Meme tokens vary in their prevalence of holders. Some assets are weighed down by insider holdings. Others are spread to many wallets, which only hold insignificant amounts. A metric of wallets with a balance of more than $1,000 was a notable indicator of a token’s cult status. Among all meme assets, Pepe (PEPE) had the biggest prevalence of this type of mid-range retail…
Cryptocurrency exchange Coinbase recently delisted Wrapped Bitcoin (WBTC), one of the versions of Bitcoin bridged to the Ethereum network. Justin Sun, who had recently joined the WBTC management along with BitGo, the company behind WBTC, filed a lawsuit against Coinbase and argued that WBTC was maliciously delisted after Coinbase launched its own equivalent altcoin, cbBTC. It was thought that after Justin Sun, a controversial cryptocurrency figure, joined the WBTC board, the token became risky, which is why Coinbase made the decision to delist. Coinbase defended its position by citing Sun’s alleged history of bad behavior and the need to protect…
Montreal, Canada – T-RIZE Group, a trailblazer in Real World Asset (RWA) tokenization, has secured a $300 million deal to tokenize Project Champfleury, a cutting-edge 960-unit residential development in Canada. This deal is a milestone for T-RIZE Group, further solidifying its leadership in blockchain-powered real estate investments.—Disrupting Traditional Real EstateT-RIZE Group is positioning itself at the forefront of the tokenization revolution, applying institutional-grade financial strategies to large-scale construction projects. Global financial giants like BlackRock and Franklin Templeton have already embraced asset tokenization, and T-RIZE is now bringing this innovation to real estate.Madani Boukalba, CEO of T-RIZE Group, said: “Project Champfleury…
An unusual method of farming Pudgy Penguin tokens (PENGU) shared online claims bulk-buying $20,000 of Pudgy merch could net a $50,000 profit for anybody willing to put in a bit of extra leg work. According to X user @Deroidz, if you redeemed the NFT of every Pudgy plushie or figurine bought, you could get $50 apiece from the upcoming Pengu token airdrop when it’s sent to NFT holders. This assumes holders will be receiving a generous $50 worth of PENGU. However, this figure is worth double the price of the toys and is unlikely to be distributed. Regardless, by following…
Coinbase delisted wBTC “due to the unacceptable risk” that the top bitcoin stand-in on Ethereum “would fall into the hands of Justin Sun,” the exchange said Tuesday in response to a lawsuit over its decision. Market observers had previously read between the lines of Coinbase’s November nixing of wBTC. At the time, the exchange cited its listing standards as the reason for the move without elaborating. Last week, wBTC’s issuer BiT Global filed a wide-ranging suit accusing Coinbase of improperly favoring its competing asset, cbBTC. But in a 25-page response, Coinbase said the decision had everything to do with Justin…
As the FED completes a year of historic monetary policy moves, discussions have already begun about what could happen in 2025. Speaking on CNBC’s The Exchange, Torsten Slok, partner and chief economist at Apollo Global Management, offered a contrarian view: The Fed may not only have to keep interest rates steady but also raise them again next year. Slok pointed to stronger-than-expected economic data as a key factor that could influence the Fed’s decisions. According to the Atlanta Fed, U.S. GDP grew 2.8% in the third quarter of 2024 and is projected to reach 3.3% in the fourth quarter. That…
Pudgy Penguins, the second-largest NFT collection by market cap, announced that they will launch their PENGU token tomorrow. Tomorrow. $PENGU. pic.twitter.com/80LHuf9vZj — Pudgy Penguins (@pudgypenguins) December 16, 2024 The official Pudgy Penguins X account posted a video showcasing a Pudgy Penguin holding a token engraved with a penguin symbol, representing the new PENGU token. Following this announcement, Binance shared its update on X, confirming that it will launch PENGU for spot trading with pairs including USD, BNB, FDUSD, and TRY. Additionally, Binance announced an airdrop for PENGU, which will be distributed to users participating in Binance’s HODLer Airdrops program. The…
The story of how Bitcoin (BTC) came to be is a topic of much debate in financial circles, but it should not be the main focus anymore, according to crypto expert Anthony Pompliano. While Bitcoin’s creation from “thin air” is often criticized, Pompliano has outlined that the real issue is the continuous creation of traditional currencies, not the initial conception of Bitcoin itself. In a recent online discussion with David Andolfato, Pompliano pointed out the key difference between the limited supply of Bitcoin and the seemingly unlimited issuance of fiat currencies. This difference is at the heart of the wider…
This is a segment from the Forward Guidance newsletter. To read full editions, subscribe. 2025 is fast approaching and industry commentators are busy offering their two satoshis on what’s to come. With price predictions aplenty as bitcoin posts new all-time highs, we’ll stray away from those this time. One stock price expectation: Per Bitwise, Coinbase (~$324 Monday midday) will hit $700 as it surpasses Charles Schwab as “the most valuable brokerage in the world.” The investment firm correctly predicted MicroStrategy’s addition to the Nasdaq 100 index (announced Friday night) and believes COIN will join the S&P 500 next year. BLOK…