[ad_1] Bitcoin’s (BTC) breakout to $93,000 is being driven by deep-pocketed institutions, not retail exchange traded-fund (ETF) buyers, said Coinbase Institutional’s John D’Agostino on CNBC. The rally began in early April, as institutional investors, and sovereign wealth funds quietly accumulated BTC with their “patient pools of capital” while retail investors were still pulling capital from spot ETFs. “Institutions, sovereigns, patient pools of capital were piling in,” he said. “Retail via the ETF were exiting. So you’ve got to ask yourself, what do the institutions know?” That institutional conviction is now being formalized. Earlier this week, Strike CEO Jack Mallers and…
Author: NBTC
[ad_1] Abu Dhabi’s International Holding Company, ADQ, and First Abu Dhabi Bank announced plans to launch a dirham-backed stablecoin, fully regulated by the UAE Central Bank, aimed at advancing payment solutions and digital infrastructure. The stablecoin will operate on the ADI blockchain, according to The National, and will be issued by FAB, the UAE’s largest bank, pending regulatory approval, the companies said in a joint statement Monday. The digital currency will be used by consumers, businesses, and institutions, supporting emerging applications like machine-to-machine transactions and artificial intelligence-driven processes. “This new stablecoin represents a transformative step forward and will revolutionise the…
[ad_1] Donald Trump’s former lawyer Jim Trusty is pivoting to crypto lobbying consultancy after previously representing the president in a defamation lawsuit against CNN. Trusty had also represented Trump during the criminal documents case directed against him, however, in 2023, he withdrew from this case, dropped out of Trump’s CNN lawsuit, and ended his involvement with the probe into Trump’s efforts to overturn Joe Biden’s election. Politico Influence reports that Trusty is now launching NexusOne alongside Jeff Ifrah, who owns Ifrah Law, which Trusty previously worked for. NexusOne claims it can “secure pivotal meetings with key staff in the White…
[ad_1] Kraken expanded its offering in the US securities through a collaboration with Alpaca, a self-clearing broker-dealer known for its API-first brokerage platform. The crypto Kraken reportedly offers its users access to over 11,000 stocks and ETFs. According to the exchange, the collaboration gives Kraken’s US-residing clients access to a broad selection of over 11,000 equities and ETFs, a move that aims to bridge the gap between traditional and digital asset trading. Kraken Expands Investment Offerings “We are excited to work with Alpaca to bring US equities to our clients,” commented Nick LaMaina, Managing Director of Kraken. “This collaboration accelerates…
[ad_1] Leading American crypto exchange Coinbase ventured deeper into the on-chain economy with the launch of its Ethereum layer-2 network Base in 2023. Originally billed as “a ‘bridge’ for users into the cryptoeconomy,” Base was designed to house Coinbase’s existing on-chain products and provide an open ecosystem for millions of new decentralized apps. Since its launch, Base has developed into one of the leading Ethereum layer-2 networks, representing a significant chunk of on-chain culture and activity. Learn everything else you need to know about Base below. What is Base? Base is an Ethereum layer-2 network that was created by American…
[ad_1] A crypto strategist who nailed Bitcoin’s 2021 market meltdown believes BTC remains on track to print new all-time highs this year. Pseudonymous analyst Dave the Wave tells his 150,500 followers on the social media platform X that Bitcoin may soar to more than $200,000 by the end of the year based on his logarithmic growth curve (LGC). Dave the Wave shares a chart that shows BTC has been out of the “buy zone” of his LGC since it was last trading around $40,000. The LGC aims to forecast Bitcoin’s market cycle highs and lows while filtering out short-term volatility.…
[ad_1] U.S. stocks trended downwards today, as traders hope that tech earnings to boost the markets, despite ongoing tariff fears. Stock markets faced pressure on several fronts ahead of a key week for earnings. On Monday, April 28, the Dow Jones was trading at 39,907.54, down 205.96 points or 0.51% from the market open. The S&P 500 fell 49.57 points, or 0.90%, to 5,474.25, while the tech-focused Nasdaq was down 227.24 points, or 1.31%, trading at 17,155.70. Nvidia was among the biggest losers today, falling 4.18% to $106.45 per share, losing $100 million in market cap. The drop coincided with…
[ad_1] Investment manager Canary Capital has registered a statutory trust for a staked Sei (SEI) exchange-traded fund (ETF) in Delaware. This marks the initial step toward launching the product. To proceed, the firm will now likely file a Form S-1 registration statement with the US Securities and Exchange Commission (SEC). Staked SEI ETF in the Works: Canary Capital Registers Trust According to the official state website, the trust was registered on April 23 under file number 10171975. Canary Staked Sei ETF Filing. Source: State of Delaware Official Website The registration comes shortly after the asset manager filed for a staked…
[ad_1] Binance has announced the expansion of its Trading Bots services. Starting on April 29, 2025 at 11:00 UTC, new Spot Grid and Spot DCA options will be available for additional trading pairs. Binance Expands Trading Bots Services with New Spot Grid and DCA Options The newly supported pairs are FET/USDC and RENDER/USDC, giving users a wider range of options to automate their trading strategies and enhance their overall trading experience on Binance Spot. Spot Grid trading allows users to automate buying and selling within a specific price range, while Spot DCA (Dollar Cost Averaging) helps users reduce market timing…
[ad_1] Jumbo Blockchain has established a strategic partnership with OpGPU, as announced through official statements on X. The two companies united to transform the $25 trillion market that includes high-performance computing and supply chain finance, healthcare, along various other sectors. 🚀 OpGPU officially announced a strategic partnership with @Jumboblockchain ! Together with @Jumboblockchain , a groundbreaking Layer 1 blockchain platform, we are committed to reshaping the $25 trillion market for high-performance computing, supply chain finance, healthcare,… pic.twitter.com/8Itl5aBErr — OpGPU (@Op_GPU) April 28, 2025 The new venture between OpGPU and Jumbo Blockchain stands as a key advancement in decentralized infrastructure because…