Author: NBTC
Crypto-related exchange-traded products (ETPs) ended their five-week outflow streak, recording strong weekly inflows of $644 million, according to CoinShares’ latest report. James Butterfill, Head of Research at CoinShares, noted that the trend reversal reflects a marked improvement in investor sentiment across the digital asset sector. According to him, crypto ETPs saw inflows every day last week, following a 17-day streak of outflows. The renewed inflows have pushed total assets under management (AUM) up by 6.3% from the March 10 low, reaching $134.5 billion. Bitcoin leads recovery The report showed that Bitcoin played the most significant role in this rebound, pulling…
A dormant whale has shown signs of activity after two months of inactivity. According to data reported by Spot On Chain today, the whale accumulated huge amounts of Solana (SOL). A smart whale resurfaced after 2 months and withdrew 61,319 $SOL ($12.4M) from #Binance and #OKX at ~$202.53 today!Previously, this whale had completed 2 $SOL trades between Dec 27, 2023, and Nov 30, 2024, earning an estimated total profit of $8.47M (+38.9%) with a 100% win… pic.twitter.com/2XNJok4bvA — Spot On Chain (@spotonchain) February 10, 2025 Whale withdraws 61,319 Solana Today, the big investor, which has been inactive for the past…
Attorney Fred Rispoli suggests that Ripple might pay a significantly lower fine than the court’s initial order of $125 million. Rispoli, founder of Hodl Law, made this prediction during a recent interview on the Thinking Crypto Podcast. Notably, suggested that the SEC’s decision to drop its appeal against Ripple despite a $125 million fine on the table deviates from expectations. Ripple’s $125M SEC Fine: Will It Vanish or be Reduced?! Attorney Fred Rispoli shares his thoughts on what may happen to Ripple’s $125 million fine following the SEC’s decision to drop its appeal in the XRP case. Watch the full…
Canaan Inc. reported $269.3 million in revenue for 2024, with bitcoin mining revenue surging 312% year-over-year to $44 million. The company also expanded its North American mining footprint, securing new agreements in Pennsylvania and Texas to add 4.7 EH/s of computing power. Canaan Reports $269M in Revenue Canaan Inc., a crypto mining hardware manufacturer, has released its financial results for 2024, showcasing strong growth in both revenue and bitcoin mining. The company generated $269.3 million in total revenue, a 27.4% increase from 2023, with bitcoin mining contributing $44 million. The firm now holds 1,292.5 BTC, further strengthening its crypto reserves.…
Sports Illustrated is launching a new prediction market platform in partnership with U.K.-based media firm Galactic. The platform, called SI Predict, will allow users to place bets on sports-related events without wagering on the actual outcomes of games. SI Predict operates similarly to platforms like Polymarket and Kalshi, which use blockchain-based derivatives contracts to let users bet on future events, according to Bloomberg reporting. Unlike traditional sportsbooks that focus on game results, SI Predict will offer markets on adjacent aspects of sports, such as stadium attendance, halftime show details, or other non-score-based outcomes. “Sports media is no longer a one-way…
Bitcoin is experiencing its largest selling pressure since the Three Arrows Capital (3AC) collapse in 2022. Whale investors have offloaded BTC at a rate nine times higher than the yearly average. Despite this, Bitcoin remains resilient, maintaining a price near $100,000. Analysts suggest this could indicate seller exhaustion. Meanwhile, upcoming economic events, including U.S. inflation data and Federal Reserve Chair Jerome Powell’s testimony, could spark significant volatility in the crypto market. Whale Selling Reaches Extreme Levels According to Bitwise Europe’s head of research André Dragosch, Bitcoin saw its highest selling pressure in nearly two years. Large transactions on spot exchanges…
Giza Tech, a Web3 and autonomous financial intelligence platform, has hit $1 million in autonomous capital across decentralized networks without human intervention, as per the reports shared with Finbold on Monday, March 24. Giza’s automated financial strategies Unlike traditional automated strategies, Giza’s agents do not merely follow instructions prepared in advance; rather, they make independent decisions based on the available data to optimize liquidity flows and financial strategies in real time. The impact of this model is already visible, with over $6 million in transaction volume being generated through these agents — a 6.08x increase in capital productivity index. Likewise,…
Flamingo Finance has announced the forthcoming launch of OrderBook+ 2.0 and FLOCKS, with deployment tentatively scheduled for March 3. Additionally, the team introduced an in-house oracle that will support both new features. The in-house oracle will replace third-party solutions currently used by FUSD, Neo’s first over-collateralized stablecoin. The team emphasized that the oracle is critical for both FLOCKS and FUSD and will serve as a foundational component for future decentralization efforts. OrderBook+ 2.0 enhancements OrderBook+ 2.0 is a block-based order book that integrates AMMs with limit orders to establish a decentralized trading protocol with tighter spreads. Flamingo leadership recently completed…
Today, various governments and institutions around the world are exploring Bitcoin’s potential for their benefit. We hear much talk about adopting Bitcoin reserves on the national level. However, Brazil came to crypto adoption from a workers’ perspective by introducing a bill that suggests employees will be allowed to demand up to 50% of their salary in crypto. Table of Contents The bill PL 957/2025 What does this bill aim for? Political context The bill PL 957/2025 On Mar. 12, 2025, a descendant of the Brazilian royal family, federal deputy and self-proclaimed prince Luiz Philippe de Orleans e Bragança, introduced the…
Bitcoin (BTC) is also depleting its OTC reserves available for sale, in addition to exchange reserves. More BTC is flowing into wallets that are less willing to sell, leading to a supply crunch. Reserves of Bitcoin (BTC) on OTC desks keep dwindling after more outflows in the past weeks. The one source of BTC for whales is depleting fast, in addition to the lowered balances of exchanges. BTC is moving toward accumulation wallets, which may hold longer and remove coins from the open market. Supply of BTC on OTC desks is dwindling, reviving the narrative of a possible supply crunch.…