Author: NBTC
Former President Donald Trump’s potential return to the White House is expected to trigger a significant surge in Bitcoin’s value, the Financial Times reported July 5, citing various analysts. According to the FT, the concept of a “Trump trade” is increasingly gaining traction among crypto traders due to the former President’s “perceived pro-crypto stance and policies.” The flagship crypto’s recent performance has been hindered by sales from miners and regulatory movements by US and German authorities. The anticipated repayments from the Mt. Gox bankruptcy case have also contributed to market volatility, causing Bitcoin to fall below $54,000 for the first…
Following the unexpected approval of spot Ethereum exchange-traded funds (ETFs) in May, we can now expect the long-awaited products to start trading next week, sources told Decrypt. An ETF is a popular investment vehicle that allows investors to buy shares that track the price of an underlying asset. This could be anything from gold and foreign currencies to crypto and tech stocks. Such funds trade on stock exchanges. The U.S. Securities and Exchange Commission (SEC) shocked traditional and crypto markets when it finally said yes to 11 spot Bitcoin exchange-traded funds in January. The approval—which came after a decade of…
A popular researcher on the microblogging platform X (formerly known as Twitter) has recently revealed he found that there was an “extreme disparity” in the trading volume and the day high for shares of Trump Media & Technology Group (DJT) the day before the former President’s assassination attempt. In a post shared with his over 120,000 followers on the platform Josh Walkos pointed out that on Thursday, July 11, the trading volume for the company’s stock was of 3,956,160 shares, while on Friday, July 12 – the day before r former U.S. President Donald Trump suffered an assassination attempt –…
The Dogecoin community is enveloped in a somber mood as they bid farewell to Kabosu, the Shiba Inu who became the face of the beloved “Doge” meme. The news of Kabosu’s passing was met with an outpouring of tributes, with Robinhood, a popular stock brokerage app, joining in to post a tribute to the canine icon. The Robinhood official X account posted the message “RIP 2005-2024” to express condolences for the lovable canine that had captured the hearts of millions worldwide. RIP 2005-2024 🙏 https://t.co/pdoNBYFYhc — Robinhood (@RobinhoodApp) May 24, 2024 Kabosu, who died at the age of 18, was…
The price of Ethereum (ETH) has surged past $3,500, marking an 11% increase over the past week, TradingView’s data shows. The rally follows CBOE’s announcement that five spot Ethereum exchange-traded funds (ETFs) will start trading on the exchange on July 23. Source: TradingView With ETF issuers submitting their final S-1 forms, Bloomberg ETF analyst Eric Balchunas suggested several spot Ethereum ETFs could debut on July 23, exactly two months after the SEC greenlit the first batch of spot Ethereum ETFs. The coming launches on CBOE include Fidelity Ethereum Fund (FETH), Franklin Templeton Ethereum ETF (EZET), Invesco Galaxy Ethereum ETF (QETH),…
Key Points: Cathie Wood’s Ark Invest sold 16,758 Coinbase shares worth $4.32 million amid market volatility. Bitcoin prices have fluctuated due to Mt. Gox wallet activity and German Bitcoin sales but rebounded to around $66,700. Despite volatility, there’s optimism for a recovery with a potential Fed rate cut in September, as Ark Invest adapts its strategy. Cathie Wood’s Ark Invest Reduces Coinbase Holdings Amid Market Volatility On July 19, Ark Invest’s ARKW fund sold 16,758 shares of Coinbase, equating to approximately $4.32 million based on the closing price of $257.79 per share on that day. This decision comes as Bitcoin…
The following is a guest post from Ashton Wolfe, the managing partner at MohrWolfe. In the whirlwind world of crypto, Solana often becomes the center of debate. Renowned for its unparalleled speed and affordability, as well as an ever-expanding ecosystem, it’s a favorite among retail enthusiasts and degenerates. Yet, it’s not without its controversies—network outages, concerns over centralization, and the same market volatilities that plague and glorify the entire crypto ecosystem. For some, Solana is a beacon of innovation, lighting the path to a future where digital transactions occur at lightning speed. Others see it as a venture too far,…
Russian President Vladimir Putin warned that crypto mining could lead to significant power shortages in some regions of the country while calling for an expansion of its central bank digital currency (CBDC), the digital rouble, in a July 17 meeting. Putin said that Bitcoin and other crypto mining facilities’ uncontrolled electricity consumption is already causing power shortage issues in several areas, including the Irkutsk region, Buryatia, and Trans-Baikal Territory. He called the issue “acute and fraught with serious consequences” to enterprises, residential areas, and social facilities, potentially halting investment and infrastructure projects. Putin noted that crypto mining in Russia uses…
Last night, the German Government received back 1,915 BTC, valued at $111.5 million, from addresses linked to major cryptocurrency exchanges Kraken, Bitstamp, and Coinbase. German government’s Bitcoin moves have been making waves in the crypto market since the beginning of this month. Update: German Government BTC MovementsGerman Government wallets received 1915 BTC ($111.5M) last night back from addresses linked to Kraken, Bitstamp and Coinbase.1047.4 BTC ($57.2M) has been moved out of their wallets this morning:-547.4 BTC ($30.1M) to Flow Traders-500… pic.twitter.com/e6ARrAh4Td — Arkham (@ArkhamIntel) July 5, 2024 Germany Transfers 1,047.4 BTC, Allocates 547.4 BTC to Flow Traders This morning, they…
Ethereum (ETH) is currently showing signs of recovery after a recent sell-off phase. This has led to a notable rebound, suggesting the potential for a continued uptrend. The launch of five spot Ethereum exchange-traded funds (ETFs) on the Chicago Board Options Exchange (CBOE) marks a significant milestone for the cryptocurrency market. These five spot Ethereum ETF products, including 21Shares Core Ethereum ETF, Fidelity Ethereum Fund, Invesco Galaxy Ethereum ETF, VanEck Ethereum ETF, and Franklin Ethereum ETF, will begin trading on July 23. This launch has generated considerable excitement among investors, as industry experts predict significant price movements for Ethereum driven…