[ad_1] Bitcoin should be valued as “an uncorrelated asset that benefits when the world gets messier,” BlackRock’s US Head of Equity ETFs Jay Jacobs told CNBC in an interview on Thursday. “Crypto over the long run is decoupled from US tech stocks,” Jacobs said, stressing that short-term market stress can mask the difference but that “the long-term correlation between US stocks and Bitcoin is more like two or three percent.” He argued that what pushes equities higher—“higher growth, higher certainty, lower geopolitical risk”—is the mirror image of the forces that move Bitcoin. “Bitcoin thrives when you have more uncertainty and…
Author: NBTC
[ad_1] The team behind the Symbiotic network, the restaking protocol meant to rival EigenLayer, shared Wednesday that it had raised $29 million in a Series A round. The funding will expand the current team and develop the protocol’s Universal Staking framework, broadening its efforts from just restaking to including providing support for other staking activities. “Rather than focusing solely on shared security, Symbiotic enables any combination of assets to secure any class of network—modular or monolithic, L1 or L2—while supporting use cases that extend well beyond traditional staking, including insurance and other financial products,” the team shared in a press…
[ad_1] Shiba Inu’s Shibarium DApp Store launched on April 24 with over 1,200 decentralized applications, surpassing 1 billion transactions on Shiba Inu’s Layer 2 blockchain. Powered by Shibarium, an Ethereum-compatible Layer 2 network using roll-up technology, the DApp Store reduces gas fees and increases transaction throughput. This week, Shiba Inu developers were unsurprised to see the long-rumored Shibarium DApp Store. The platform debuted with over 1,200 decentralized applications and surpassed 1 billion transactions on its Layer 2 blockchain. Crucial Details Of Shibarium DApp Store Launch The Shibarium DApp Store, which went live on April 24, is a major step for…
[ad_1] Nasdaq, the operator of one of the premier U.S. stock exchanges and a crypto index, is advising the U.S. regulators to carefully focus on defining digital assets in four buckets that will clearly determine which agency acts as referee, according to a 23-page letter sent to the Securities and Exchange Commission’s crypto task force. “While a stock by any other word would still be a stock, the existing market ecosystem can readily absorb digital assets by establishing the proper taxonomy and calibrating certain rules to reflect what is truly new and novel about digital assets,” the letter argued in…
[ad_1] Binance U.S has officially integrated the Base network, allowing users to deposit and withdraw Ethereum (ETH) and USDC directly through this rising Ethereum Layer 2 solution. This move is expected to enhance the user experience by offering faster and cheaper transactions, with support for more assets coming soon. BREAKING: https://t.co/AZwoBOgsqS now supports Base 💛🔵Transfer $ETH & $USDC via Base, with support for more assets to come! @Base is an Ethereum layer 2 that aims to bring the next billion users onchain by providing fast and low-cost transactions.Read:… pic.twitter.com/lrdZRy13mq — Binance.US 🇺🇸 (@BinanceUS) April 25, 2025 Why This Matters for…
[ad_1] Bitcoin (BTC USD) has often traded in tandem with the US stock market indices, the Nasdaq Composite and S&P 500. However, onchain data analytics provider CryptoQuant has revealed a negative correlation between Bitcoin and Nasdaq. The price of Bitcoin has increased by over 10% over the past week, whereas the Nasdaq plummeted drastically, within the same period. Insight on the Chart Decoupling CryptoQuant shared a screenshot of the BTC and S&P 500 Index correlation in an X post. The chart shows that the historical correlation between BTC USD and the stock market has broken. The stock market and BTC…
[ad_1] US senators are currently debating new crypto legislation, including rules that could affect stablecoins and market structure laws. Meanwhile, the crypto industry has been investing heavily in campaign donations and super-PAC spending across the Senate and House. However, despite this increasing interest in the ecosystem, it’s still relatively uncommon for the financial disclosure documents for senators to include exposure to crypto companies. Read more: CHART: Wasn’t Trump supposed to be good for crypto? The increasing integration of crypto into existing financial firms also leads to some ambiguity about whether or not certain exposure is truly crypto exposure. Consider Alabama.…
[ad_1] Former Goldman Sachs executive Raoul Pal says one Solana (SOL) competitor is his “favored child.” Pal tells his 1.1 million followers on the social media platform X that if he had to “have a favorite,” the layer-1 chain Sui (SUI) would look preferable to Solana. The Real Vision chief executive shares a chart comparing the SUI/USD price to the SOL/USD price, with SUI/USD looking like it’s on the cusp of breaking out of resistance. Source: Rekt Capital/X SUI is trading at $2.97 at time of writing. The 13th-ranked crypto asset by market cap is up more than 21% in…
[ad_1] Paul Atkins’ first public event as chairman of the U.S. Securities and Exchange Commission was a crypto roundtable on Friday, where the new agency chief devoted his inaugural speech to assuring the industry that he’ll continue to remake securities policy to favor digital assets innovation. The agency and industry have been awaiting congressional action to establish crypto market-structure oversight that will likely set guardrails, and Atkins told an audience at the SEC’s Washington headquarters that the regulator will work toward delivering “a rational, fit-for-purpose framework” for crypto. However, in answer to a question from CoinDesk after his speech, Atkins…
[ad_1] Crypto exchange OKX has appointed Jonathan Brockmeier, a former compliance officer at fintech firm Thunes, as its new Chief Compliance Officer. OKX announced the leadership change on April 24, confirming that Brockmeier is officially stepping into the role. He replaces Vanessa Zhang, who is departing the company, according to OKX founder Star Xu. Brockmeier previously helped establish the Americas Compliance Department at Singapore-based payments platform Thunes. He also held a compliance leadership role at global payments firm Zepz. Commenting on the appointment, Xu stated: “Jonathan brings an exceptional track record in global regulatory leadership, deep expertise in financial compliance,…