Author: NBTC

Arbitrum DAO has spent millions on incentives in hopes of attracting more users. However, the gains didn’t stick, according to one Web3 marketing studio. Arbitrum (ARB) DAO recently came under criticism for its ability to retain users. On April 4, Pink Brains, a marketing studio specializing in crypto and Web3, outlined issues with the network’s incentive programs. Arbitrum DAO has poured millions into incentive programs (STIP, LTIPP), aiming to bring more users, TVL, and volume into the ecosystem.But many of these programs had one thing in common:📉 The gains were short-lived. Metrics dropped soon after the campaigns ended. — Pink…

Ethereum (ETH) is showing signs of a potential trend reversal as financial markets brace for a major tariff announcement by former US President Donald Trump. Market Signals Indicate ETH’s Downtrend Is Over With the “Liberation Day” tariffs expected to be announced today and aimed at countering unfair trading practices, a shake-up could be experienced in the crypto markets, potentially pushing ETH into a leadership role. Ethereum has largely underperformed Bitcoin (BTC) throughout its ongoing bull run, but technical indicators suggest that could change. Seller Fatigue at March Lows: ETH tested a 16-month low of $1,755 on March 11 but failed…

India’s tax authorities intensified their crackdown on cryptocurrency traders using offshore exchanges like Binance. According to The Economic Times, the focus is on individuals who failed to comply with the mandatory 1% Tax Deducted at Source (TDS) applied to crypto transactions in India. India’s crypto tax regulations require a 1% TDS be levied on every applicable crypto transaction. While domestic Indian exchanges implemented this requirement, reports indicate many users moved to offshore platforms like Binance specifically to bypass it. Tax authorities now target these users directly, taking stricter measures against non-compliance. Tax on Turnover, Not Just Profits Crypto traders are…

First Trust Advisors has unveiled two new Bitcoin strategy exchange-traded funds, adding to a suite of products that currently hold more than $28 billion in net assets. In an announcement on April 4, First Trust said it launched the two Bitcoin (BTC) strategy ETFs this week. Specifically, the bitcoin exchange-traded funds are part of the the Floor15 ETF Series of Target Outcome ETFs, with both the FT Vest Bitcoin Strategy Floor15 ETF – April and the FT Vest Bitcoin Strategy & Target Income ETF listed on the NYSE Arca under tickers BFAP and DFII respectively. “The FT Vest Bitcoin Strategy…

Shares of Coinbase (COIN), the largest crypto exchange in the US, have faced significant declines during the first quarter (Q1) of the year, primarily due to escalating concerns about the US economy and its impact on digital assets. Coinbase And Others Face Increased Volatility According to Bloomberg, Coinbase’s stock has dropped more than 30% since the beginning of the quarter, marking its worst performance since the collapse of the FTX exchange in late 2022. This decline is reflective of a broader trend affecting nearly all major crypto-linked stocks, including companies like Galaxy Digital Holdings (GLXY.TO), Riot Platforms (RIOT), and Core…

The cryptocurrency landscape is currently grappling with substantial challenges, primarily attributed to the actions of market makers. The recent collapse of UST highlights the detrimental effects that these players can impose. Amid this turmoil, DWF has emerged as a pivotal market influencer, stepping in at a time when several major companies have retreated from market-making responsibilities during bearish phases. What’s the Latest with HIPPO Coin?How is DWF Assisting HIPPO Coin? What’s the Latest with HIPPO Coin? Liquidity support is trending as an urgent concern in the crypto space. Recently, BNB launched a $100 million liquidity support initiative. In a market…

Monday marked the end of a painful quarter for Ethereum, as the network’s native asset’s so-called burn rate fizzled amid one of its worst performances in recent memory. The metric, which tracks the rate of Ethereum removed from circulation, recently hit its lowest level since August 2021, a nagging concern among investors that’s “weighed on Ethereum’s market performance,” according to the crypto market maker Wintermute. Last week, around 53 ETH was burned per day, the firm said. Meanwhile, ETH’s supply has increased 3% since an upgrade called EIP-1559 took effect, according to Ultrasound Money. The lower burn rate underscores how…

Dave Portnoy, the inventor of Barstool Sports, has gone to the X platform, asking whether Bitcoin is truly independent from the U.S. stock market. Portnoy pointed out a recurring pattern: Bitcoin’s price movements often mirror those of the stock market. He noted that when equities rise, Bitcoin rises, and when stocks fall, Bitcoin follows suit. This has led him to question whether Bitcoin can still be considered an asset that operates outside traditional financial systems, as its price seems to behave just like other risk assets. Bitcoin’s Behavior Amid Market Turmoil For context, the week leading to the announcement of…

Cryptocurrency analyst Benjamin Cowen is warning that a weakening stock market may cause Ethereum (ETH) to retest lower price levels. In a new strategy session, Cowen tells his 889,000 YouTube subscribers that the S&P 500 may continue to show weakness in April, which, based on historical precedence, may result in ETH also declining. “What I’m wondering is what happens if you do see the S&P 500 continue to show weakness into early to mid-April? Remember, we said there’s going to be weakness by the stock market between February OPEX (Option Expiration Week) and March OPEX. We got that, but I…

Singapore Gulf Bank (SGB) launched their personal banking services, notably allowing integrated crypto transactions alongside advanced foreign exchange (forex) services. With this expansion, SGB aims to bridge traditional banking with digital asset finance, catering to customers seeking options for global transactions. The bank’s move aligns with the latest trend where established banks incorporate blockchain technology to meet their client’ financial demands. How Does SGB’s Hybrid Model Challenge Fintechs? The new SGB personal banking offering includes features like global wire transfers, multi-currency foreign exchange capabilities, and payment channels utilizing cryptocurrencies, according to the bank’s announcement. Customers can now use SGB-issued payment…