Author: NBTC

Key Points: Abra expands crypto holdings with Valkyrie’s Tron and Zilliqa Trusts acquisition. Settles with 25 U.S. states, ceases U.S. operations, refunds $82.1M to customers. Cryptocurrency trading platform Abra finalized its acquisition of multiple private cryptocurrency trusts from Valkyrie crypto trusts in what could be termed a strategic move amid regulatory challenges. The acquisition, concluded by Abra Capital Management LP in May, comprises active trusts for Tron and Zilliqa, other than those due for launch. According to filings with the U.S. Securities and Exchange Commission, Valkyrie crypto trusts reported that these trusts sold significant assets. As of October last year,…

VeChain demonstrated its innovative digital carbon management platform, VeCarbon, at the AWS China Summit, emphasizing its role in sustainable global business expansion. The integration of VeChain’s solutions with AWS technology highlights its readiness to lead the sustainability industry. According to an update on VeChain’s official website, the company recently took center stage at the Amazon Web Services (AWS) China Summit Energy Forum in Shanghai. This prominent event within the energy sector showcased how cloud services and generative AI can propel enterprises towards not only global expansion but also towards achieving zero-carbon and sustainable development goals. Digital Carbon Management in Focus…

Ripple CEO Brad Garlinghouse is meeting with crypto industry leaders and executives, potentially to discuss digital asset policies in the United States. This roundtable meeting comes amid the US election, where former President Donald Trump and President Joe Biden are vying for the presidency. U.S. Representative Ro Khanna (D-CA) will host the roundtable. Alongside Ripple CEO Brad Garlinghouse, billionaire investor Mark Cuban, a major stakeholder in Polygon (MATIC), will also attend. This is all I needed to know. $XRP https://t.co/zmw72yULDQ pic.twitter.com/rLi7vKuZGT — Subjective Views (@subjectiveviews) July 10, 2024 Other prominent industry members joining Khanna’s meeting include SkyBridge Capital founder and…

The Bitcoin (BTC) accumulation phase seems to have started as the BTC price wanders below the $60,000 mark for a week. According to data provided by Glassnode, the BTC accumulation trend surged from 0.05 on June 1 to 0.44 as of July 10. This level hasn’t been seen since April 11, when the flagship cryptocurrency traded for $70,000. BTC price and accumulation trend score – July 11 | Source: Glassnode The indicator started to rise while the German government was offloading its BTC holdings over the past week, causing a market-wide bearish momentum and FUD (fear, uncertainty and doubt). Consequently,…

Crypto startups got $481 million from venture capital (VC) funds in June, a 38.2% drop compared to the total raised in May. As usual, investments in infrastructure providers dominated the amount raised last month but lost ground to decentralized finance (DeFi) and blockchain gaming. After surpassing $1 billion in funding back in March, when Bitcoin broke its all-time high, the crypto sector saw the money pouring from VCs shrinking with each passing month. Despite a slight quarter-on-quarter 2.6% fall, the total raised in June is 52.8% smaller when compared to March. Of the total raised last month, crypto startups building…

During his appearance at the Consensus conference, Ripple CEO Brad Garlinghouse stated that an XRP exchange-traded fund (ETF) was “inevitable” in the US. The Ripple boss has also predicted the appearance of other altcoin ETFs. In a major policy shift, the U.S. Securities and Exchange Commission greenlit several spot Ethereum ETFs, pushing the price of the underlying cryptocurrency to the highest level since mid-March. Following the sudden approval of 19b-4 forms, Ethereum ETFs are yet to start trading. The regulator has now requested that prospective issuers urgently hand in their draft S-1 filings, according to recent reports. The launch of…

The chairwoman of the Senate Agriculture Committee suggested she’s got a legislative proposal for crypto oversight on the verge of delivery to her fellow panel members. The panel’s senior Republican said his meetings with crypto industry leaders suggested that the legislative work might not be ready. Meanwhile, Commodity Futures Trading Commission Chair Rostin Behnam gave urgent testimony that Congress needs to do something about digital assets. While Senate Agriculture Committee Chairwoman Debbie Stabenow (D-Mich.) said that her latest legislative proposal for overseeing the crypto markets is on the way to her panel’s fellow members this week, the committee’s top Republican…

The Bitcoin ETF market witnessed a net inflow of $147 million on July 10, 2024, marking the fourth consecutive trading day where net inflows have surpassed the $100 million mark. This trend indicates strong investor confidence and positive sentiment in the cryptocurrency market. 🚨 $BTC #ETF Net Inflow July 10, 2024: +$147M!• The net inflow remains larger than $100M for 4 consecutive trading days. Strongly positive!• #Fidelity (FBTC) led with an inflow of $57.8M yesterday.• #BlackRock (IBIT) saw a sharp drop from $121M to $22.2M.• #Grayscale… pic.twitter.com/7keJfWX1Uo — Spot On Chain (@spotonchain) July 11, 2024 Fidelity’s Bitcoin ETF (FBTC) emerged…

GameStop’s stock has seen a notable uptick, climbing nearly 8% over the past week to a current price of nearly $26.00 and outpacing the broader market as represented by the Nasdaq’s more modest 0.43% gain. The latest rise, while much more gradual than some spikes seen by GME in recent months, comes while outspoken investor and trading influencer Roaring Kitty—aka Keith Gill, or DeepFuckingValue on Reddit—remains out of the spotlight. Roaring Kitty was the trader behind GameStop’s famed “meme stock” surge in early 2021, forcing a short squeeze that led to billions of dollars worth of losses for hedge funds…

According to a recent update from Whale Alert, a popular blockchain tracker, 90 million DOGE tokens (roughly $14.2 million) at current prices left Robinhood eight hours ago. The leading meme cryptocurrency dropped by 3% earlier today before clawing back some losses. Robinhood, a popular commission-free investment app, added support for Dogecoin back in 2018. In early 2021, Robinhood played a pivotal role in Dogecoin’s meteoric rise due to the fact that this platform dominates retail activity in the U.S. According to the company’s Q1 update, its users hold $7.4 billion worth of Dogecoin. This is a larger sum compared to…