Author: NBTC

The cryptocurrency community is eagerly awaiting the announcement of investors behind Bitcoin ETFs as May 15th approaches. This important date marks the deadline for investors managing assets over $100 million to file “13-F Filings” with the U.S. Securities and Exchange Commission (SEC) and reveal their holdings in publicly traded assets. These applications, which must be made 45 days after the end of a quarter of the year, can give an idea about the investment strategies of large companies in the market. Although they do not cover every investor and represent just a moment in time, the upcoming announcements are expected…

PIXEL surged 23.3% to $0.5078, driven by its innovative blockchain gaming platform and high trading volume. MERL increased 21.9% to $0.6516, thanks to its Layer 2 solution for Bitcoin and growing market demand. FOXY rose 16.4% to $0.02851, benefiting from its recent KuCoin listing and rising trading activity. On Sunday, June 2, the crypto market showed up to be in a great frame, with nearly all asset values rising. The price of Bitcoin was up 0.20% at the time of composing, whereas Ethereum’s price had increased by 0.80% in 24 hours. Despite unexpected market changes, these five cryptocurrencies experienced large…

Bitcoin miners have been struggling lately—though past data shows that could be a bullish signal for Bitcoin’s price. Since its peak in late May, Bitcoin’s total hash rate has declined from 658 exahashes per second (EH/s) to 556 EH/s on June 28, according to Hashrate Index. Hash rate is a measure of the total effort being used by miners to secure the Bitcoin network, and is by extension a measure of how competitive it is to mine. In response, the Bitcoin network has automatically adjusted its block-mining difficulty down 7.8% this weekend from 83.68 terahashes per second (TH/s) to 79.50…

Super Trump (STRUMP) has surged by over 500% in the last month, with a market cap of $53 million. Baby Trump (BABYTRUMP) on Binance Smart Chain has grown by 347.54%, offering decentralized governance. MAGA (TRUMP) saw a 250.2% increase in the last month, despite volatility following Trump’s trial. Meme coins are an integral aspect of today’s market dynamics. Meme currencies have also become a popular topic of discussion in the crypto world during bull season. Based on this, here are three Donald Trump-themed meme coins with the potential to expand 100x by June 2024. Super Trump (STRUMP) Super Trump (STRUMP)…

The Chicago Board Options Exchange (Cboe) has confirmed two asset managers’ plans to launch a Solana-based exchange-traded fund (ETF). The options exchange submitted 19b-4 filings with the Securities and Exchanges Commission (SEC) on Monday, asking to list VanEck’s and 21Shares’ potential spot Solana ETFs. Once the SEC acknowledges receipt of the filing, a 240-day window opens for the regulator to approve or deny the products. The Chicago Board Options Exchange (Cboe) has officially asked the SEC to let asset managers VanEck and 21Shares bring a Solana-based exchange-traded fund (ETF) to the market. The exchange submitted a pair of 19b-4 filings…

Bitcoin miners have secured ample power supplies and operating capabilities and can help companies build AI data centers, the report said. Bernstein initiated coverage of miners Iris Energy and Core Scientific with outperform ratings. The broker remains a bitcoin bull and forecasts the token reaching $200,000 by 2025, $500,000 by 2029 and more than $1 million by 2033. Bitcoin (BTC) miners are attractive partners to help build artificial intelligence (AI) data centers, due to their available power supplies and operating capabilities, broker Bernstein said in a research report on Tuesday. Recent AI deals including Core Scientific’s (CORZ) 12-year agreement with…

Ripple has prepared its treasury account for what could be the largest monthly XRP dump since 2017. The company has reserved 400 million XRP tokens worth $208 million for its sell-off in June. Every month, Ripple—the largest XRP holder and entity behind the XRP Ledger development—sells part of its reserves, inflating the circulating supply. As usual, it unlocked 1 billion XRP, worth $520 million, on June 1. This happened through the XRP Ledger escrow system from two labeled accounts: ‘Ripple (24)‘ and ‘Ripple (25).’ However, in addition to the usual 200 million tokens sent to the treasury each month, the…

The U.S. SEC responds to the notice of supplemental authority from Ripple regarding the Binance decision, which the company argues supports its remedies-related opposition brief. According to the filing shared by famous defense lawyer James K. Filan, the SEC contended that the Binance decision is irrelevant to the pending remedies motion. SEC’s Position The securities regulator argued that Ripple attempted to use a single observation in the nearly 90 pages of the Binance ruling to argue against ‘harsh penalties.’ Notably, the SEC stated that Ripple’s attempt to leverage the Binance decision to ‘extrapolate’ its litigation strategies is unwarranted. Additionally, the…

Bitso dominates Mexican crypto trading with 99.5% market share, handling MXN 4,215.4 million in 2024 transactions. Lower fees on BTC markets contribute to Bitso’s popularity compared to competitors like Binance and Bitfinex. In Mexico, Bitso commands a staggering 99.5% market share in cryptocurrency trading volume, as revealed by Kaiko’s “The State of LATAM Crypto Markets” report. Throughout 2024, Bitso facilitated transactions totaling MXN 4,215.4 million, underscoring its dominance over competitors like Binance and Bitfinex, which reported significantly lower trading volumes in the country. Source: Kaiko As in other studies we have covered at CNF, the report attributes Bitso’s appeal to…

According to local reports, clandestine bitcoin mining is thriving again in Venezuela, albeit at a small scale after the government ordered to disconnect all Bitcoin mining operations from the power grid. Local ASIC stores are still selling miners for small operations, that survive by hiding their farms in undisclosed locations. Clandestine Bitcoin Mining Rises Again in Venezuela Amidst a Government Ban Bitcoin miners have moved to operate underground in Venezuela, like in the olden days. According to local reports, the bitcoin mining ecosystem in Venezuela is still moving due to the action of small farms that due to their relatively…