Author: NBTC
Leverage Shares by Themes has launched a new exchange-traded fund (ETF) tied to the Nasdaq-listed cryptocurrency exchange Coinbase (COIN) stock despite a downturn in the crypto-related shares. The Leverage Shares 2X Long Coinbase Daily ETF (COIG) is designed to deliver twice the daily return of Coinbase’s stock price, offering traders an amplified exposure to the U.S.’s largest cryptocurrency exchange. The ETF, which carries an expense ratio of 0.75%, is listed on Nasdaq, according to a press release. The launch comes amid a significant cryptocurrency market downturn that saw bitcoin (BTC) drop by around 19% over the last three months, from…
Cardano founder Charles Hoskinson has addressed the controversy surrounding the Libra token. He believes Argentinian President Javier Milei was not directly involved in it. His statements strongly imply that better decisions and due diligence could have prevented the controversy. Charles Hoskinson Speaks on LIBRA Token Scandal According to Hoskinson, Milei’s advisors likely pitched the project as a good idea, possibly comparing it to other political tokens like Official Trump (TRUMP). However, those insiders orchestrated a scheme, profiting at the peak while leaving Milei to handle the fallout. For context, last week, President Javier Milei’s promotion of the LIBRA token triggered…
The LIBRA crypto scandal that rocked Argentina’s political landscape entered a new phase this week after Gregorio Dalbon, an Argentine lawyer, formally requested the international detention of Hayden Davis, the crypto entrepreneur identified as the alleged central figure behind the token’s collapse. The petition, submitted Tuesday to lead prosecutor Eduardo Taiano and Judge María Servini, seeks an Interpol Red Notice to facilitate Davis’s detention and extradition from the U.S. Dalbon, who represented former Argentine President Cristina Fernandez over a corruption case, did not immediately return Decrypt’s multiple requests for comment. A request from Decrypt to Davis’ lawyer has gone unanswered.…
An unidentified whale on the Hyperliquid decentralized perpetual exchange has launched the crypto market into a new level of dynamism. This trader’s huge trading amounts and constant activity in leveraged positions have led crypto community members to try and figure out who this person is. Could CZ Be Behind the Hyperliquid Whale? One person guessing, even used a video clip from an action movie to joke that former Binance CEO Changpeng Zhao might be behind these massive trades on Hyperliquid. https://twitter.com/Ninjascalp/status/1901369751651471566 According to reports, the whale placed a massive $445 million leveraged short on BTC via Hyperliquid. Analysts think a…
Hold onto your hats, crypto enthusiasts! The winds of institutional adoption are blowing stronger than ever. In a move that’s sending ripples through the digital asset space, news has broken that Paul Tudor Jones, the legendary hedge fund titan, is making a significant play in the Bitcoin ETF arena. And not just any ETF – we’re talking about BlackRock’s spot Bitcoin ETF, IBIT. Let’s dive into the details of this groundbreaking development and explore what it means for the future of crypto. Why is Paul Tudor Jones’ IBIT Investment a BIG Deal? For those unfamiliar, Paul Tudor Jones isn’t just…
Billionaire investor Marc Lasry has expressed concerns that the economic uncertainty caused by President Donald Trump’s policies, especially tariffs, is halting investment and could push the United States into recession. Speaking at the Credit Opportunities Symposium held at New York University on Friday, the Avenue Capital Group co-founder highlighted the risks of market unpredictability. “The problem for markets is when they don’t know what to do,” Lasry said. “An economy can’t survive like that. It slows everything down and can send the economy into recession.” Lasry acknowledged that the economy remains strong, but he noted that uncertainty about the direction…
Crypto airdrops have become lucrative opportunities for the community, offering a chance to earn rewards with minimal or no initial investment. This week, the third one in February, three notable airdrops offer interested farmers an opportunity to be a part of interactive communities while they are still on the ground floor stage. BOOST Lottery BOOST Lottery is among the hottest crypto airdrops this week. It is a global online lottery that integrates blockchain technology with gamification elements. The BOOST token powers the platform, which runs atop the Elysium blockchain. Key features of BOOST Lottery include custom tickets, NFT BOOSTERS, and…
Lawmakers in South Dakota have halted a legislative effort that would have allowed the state to invest in Bitcoin. The decision came during a February 24 meeting of the House Commerce and Energy Committee, where a majority of lawmakers voted to defer House Bill 1202 (HB 1202) to the 41st day of the legislative session. Since the state’s legislative session does not exceed 40 days, the move effectively killed the bill in its current form. Bitcoin Reserves Explained Bitcoin reserves have gained traction as governments consider digital assets for financial security. A Bitcoin reserve refers to holding Bitcoin as part…
Cryptocurrency exchange Bybit has announced that it is delisting the altcoins EVERY, GG, CUSD, BUBBLE, TAVA, PLANET, and IRL. The exchange will remove trading pairs associated with these tokens and stop supporting them as assets. The reason for the delisting decision was not stated in the statement, but BUBBLE, GG, EVERY, PLANET and IRL tokens have very low market values despite being listed for a long time and have suffered huge declines so far. EVERY/USDT, GG/USDT, CUSD/USDT, BUBBLE/USDT, TAVA/USDT, PLANET/USDT and IRL/USDT trading pairs will be removed from Bybit’s Spot platform on March 21, 2025 at 11:00 UTC. All open…
The Bitcoin network hashrate rose 2 exashashes per second (EH/s) in the first two weeks of March, to an average of 811 EH/s, Wall Street bank JPMorgan (JPM) said in a research report Monday. JPMorgan noted that U.S.-listed miners maintained their share of the network hashrate at around 30%. The hashrate refers to the total combined computational power used to mine and process transactions on a proof-of-work blockchain, and is a proxy for competition in the industry and mining difficulty. The “average bitcoin price declined ~10%, pressuring mining economics in the period,” analysts Reginald Smith and Charles Pearce wrote. The…