Author: NBTC

Two of the largest digital asset managers, Bitwise and 21Shares, have made a notable update to their Ethereum and Solana ETF filings that could signal a shift in how crypto exchange-traded products operate in the United States. According to amended S-1 statements filed with the U.S. Securities and Exchange Commission (SEC), both issuers now reference the possibility of staking Ethereum and Solana holdings within their funds. If approved, this change would allow these ETFs to earn staking rewards, the income generated by helping validate transactions on proof-of-stake blockchains. Until now, U.S.-listed crypto ETFs have been limited to holding underlying assets…

Law and Ledger is a news segment focusing on crypto legal news, brought to you by Kelman Law – A law firm focused on digital asset commerce. The following opinion editorial was written by Alex Forehand and Michael Handelsman for Kelman.Law. Is Crypto a Security? Why This Question Still Matters in 2025 The question of whether a crypto asset qualifies as a security is something that everyone working with digital assets is likely familiar with. It has been asked in crypto conferences, congressional hearings, SEC speeches, courtrooms, and thousands of legal memos since SEC v. W.J. Howey Co. became the…

Ethereum continues to struggle for direction as traders monitor falling spot demand, rising derivatives exposure, and fresh warnings about long-term risks. The asset trades near multi-month lows, and analysts note that structural pressures now stretch across several market layers. Besides the technical setbacks that defined recent weeks, Ethereum also faces broader concerns about concentration and security. Technical Structure Signals Bearish Continuation Ethereum remains locked in a clean downtrend on the 4-hour chart. Price action continues to form lower highs while repeated rejections at Fibonacci levels confirm weak buying conviction. Moreover, the Supertrend maintains firm sell signals, which limit every short…

Ethereum falls below $2,700 as cryptocurrency market decline continues. Summary Ethereum, Bitcoin, and other tokens declined to multi-month lows, triggering liquidations of leveraged positions. Spot Bitcoin and Ethereum ETFs saw consecutive net outflows, while some other networks attracted inflows. Bitmine bought more Ethereum during the decline, but treasury firms now face substantial unrealized losses. Ethereum dropped below $2,700 on Friday as the cryptocurrency market experienced its most significant downturn since October, with the digital asset falling to levels last seen in July, according to market data. Bitcoin also declined to multi-month lows on Nov. 21, 2025, as selling pressure increased…

Institutional investors are moving past the testing phase and into large-scale adoption of digital assets, according to new research from State Street released Thursday. The custody bank’s 2025 Digital Assets Outlook found that more than half of surveyed institutions expect their exposure to digital assets to double over the next three years, signaling a growing comfort with blockchain-based investment tools. The survey, which gathered input from senior executives across asset management and asset ownership firms, points to tokenization of private equity and fixed income as the most likely starting point. Tokenization refers to the representation of assets, such as stocks…

The crypto sector is entering a new phase of maturity, with illicit transaction volumes on centralized exchanges falling to historic lows. This is according to a new analysis published by Binance, which uses independent data from Chainalysis and TRM Labs. Notably, the findings show that illegal activity now accounts for only a tiny fraction of global exchange volume. This marks one of the most evident signs yet that the industry’s compliance standards and detection systems have strengthened over the past two years. Illicit Activity Drops to 0.018–0.023% Across Major Exchanges Across the seven largest centralized exchanges by volume, only 0.018%…

Ethereum price is breaking through major support levels, falling below key high-time-frame zones and signalling increasing downside pressure that may mark the early stages of a deeper bearish cycle. Summary ETH now sits inside a lower trading range with weakened momentum Any bounce is likely to form a lower high within the downtrend Market structure suggests further downside toward the $2,100 support zone Ethereum’s (ETH) price action has entered a decisive phase as the market breaks beneath major structural support zones that once anchored bullish momentum. With Ethereum now trading below the $3,500 region, several high-time-frame levels have flipped into…

Fidelity’s digital asset custody expanded by just over $3 billion in the third quarter of 2025, rising from $45.13 billion on July 1 to $48.15 billion by September 30, according to data retrieved by Finbold research. Finbold extracted on-chain ETF holdings data for the Fidelity Wise Origin Bitcoin Fund (FBTC) and the Fidelity Ethereum Fund (FETH), comparing snapshots from July 1 and September 30 to track changes in assets under custody. The resulting analysis highlights Ethereum as the primary driver of growth, reflecting the continued institutional embrace of smart contract platforms. Notably, the firm’s ETH holdings jumped from 625,770 ETH…

Summary Japan Exchange Group is considering new oversight for listed companies that hold large amounts of cryptocurrency, possibly including fresh audits. Three companies paused crypto accumulation after JPX warned about potential fundraising restrictions if crypto reserves became central. Metaplanet, now holding 30,823 bitcoin, says it follows all rules, but analysts see increased regulatory scrutiny of firms with major crypto exposure. Japan Exchange Group is considering stricter oversight measures for publicly listed companies that accumulate large cryptocurrency holdings, according to a Bloomberg report citing sources familiar with the matter. The Tokyo Stock Exchange operator is reviewing measures that could include requiring…

In a significant move that’s catching the attention of crypto enthusiasts, market maker Wintermute has executed a substantial Wintermute AAVE withdrawal from Kraken exchange. The transaction involved 24,124 AAVE tokens valued at approximately $4.1 million, according to blockchain analytics platform The Data Nerd. This strategic move raises important questions about institutional sentiment toward the popular DeFi token. What Does This Wintermute AAVE Withdrawal Really Mean? The recent Wintermute AAVE withdrawal represents more than just a routine transaction. When major market makers move assets off exchanges, it typically indicates a shift toward long-term holding strategies. Wintermute, as one of the largest…