Author: NBTC
The Hong Kong arm of ChinaAMC has introduced a tokenized money market fund in a bid to expand blockchain-based investment options for retail investors. China Asset Management (Hong Kong), a subsidiary of one of China‘s largest fund houses, has launched Hong Kong‘s first retail tokenized money market fund in a collaboration with Hong Kong-based crypto exchange OSL. The so-called ChinaAMC HKD Digital Money Market Fund, approved by the Securities and Futures Commission, offers retail investors blockchain-based access to money market assets, the South China Morning Post reports. Standard Chartered Bank (Hong Kong) serves as the tokenization agent, digital platform operator,…
Ondo Finance has launched a campaign on Sui’s NAVI Protocol to drive adoption of its yield-bearing stablecoin USDY. Ondo Finance (ONDO) has launched a new campaign in collaboration with NAVI Protocol, aiming to encourage more people to use its stablecoin USDY, a tokenized US Treasury yield coin by Ondo Finance. Running from Feb. 26 to March 12, the initiative offers participants a chance to earn rewards by supplying liquidity for USD (depositing it into NAVI Protocol). Participants earn points based on their liquidity contributions, making them eligible for a share of the rewards, which will be paid in NAVX and…
Bitcoin is trading under $90,000, marking its lowest point in a month. The cryptocurrency has fallen over 7% this week, currently hovering around $88,948. However, according to PlanB, the creator of the Bitcoin Stock-to-Flow (S2F) model, these price corrections are normal in Bitcoin’s growth cycles. In a post on X (formerly Twitter), PlanB pointed out that back in the 2016-2017 bull market (which the current market cycle is copying), Bitcoin had several price drops of more than 30% before reaching new all-time highs. The analyst backed up his claims by posting a price chart of BTC during that time. Blockchain…
Ethereum’s price has recently experienced a massive drop, coming much earlier than expected, as ETH has failed to make a new all-time high like Bitcoin. Yet, the bull market for the second-biggest crypto might not have begun yet. Technical Analysis By Edris Derakhshi (TradingRage) The Daily Chart On the daily chart, it is evident that the price has been making lower highs and lows since December 2024 after failing to break above the $4,000 resistance level. The 200-day moving average, located around the $2,900 mark, has also been lost, as ETH has lost more than a third of its market…
As part of a risk assessment exercise conducted during its January meeting, the ECB stated that the recent developments in the deregulation of financial markets in the U.S., including crypto, might increase the risks of a future financial crisis. ECB Warns That Crypto Deregulation Might Cause a New Financial Crisis Crypto and bitcoin are now terms present in financial discussions of central banks around the world. The European Central Bank (ECB) recently revealed that it was assessing the effect of a more deregulated crypto ecosystem on the financial markets. In a recently revealed memo that details the discussions held as…
Many crypto enthusiasts miss out on free airdrops every day simply because they don’t know how to claim them or what they are. Currently, the Soneium Network airdrop is one of the hottest opportunities, but if you don’t act fast, you could lose your chance to grab free tokens. Plus, you might waste time or fall for scams without the proper steps. This Soneium Network airdrop guide will walk you through everything—what Soneium is, why this airdrop matters, and exactly how to claim your free tokens in just a few simple steps. Let’s get started! Soneium Airdrop Guide: Step-by-Step 🎁…
Changpeng Zhao, famous within the crypto community as CZ, the former Binance chief executive and the platform’s co-founder, has taken to social media to address concerns expressed by many on the market at the moment – regarding the future of the Bitcoin price. “Bitcoin won’t die,” CZ predicts He assured the community that the 8% drawdown faced by the global crypto market leader, BTC, since Monday is not going to end the king of crypto. He also assured the community that there is no need to panic about the current situation, as Bitcoin continued to trade below the $90,000 level.…
As the crypto market kicks off March on a positive note, veteran trader Peter Brandt shared his perspective on Ethereum’s price action. In a tweet, Brandt stated that the “Ethereum (ETH) chart can now be viewed as a potential 11-month rectangle.” ETH chart $ETH now can be viewed as a potential 11-month rectangle. pic.twitter.com/hEFVIHCLeb — Peter Brandt (@PeterLBrandt) March 2, 2025 The rectangle chart pattern, noted by Brandt, occurs when the price is bounded by parallel support and resistance levels. A rectangle exhibits a period of consolidation or indecision between buyers and sellers, with neither yet dominating. The price will…
Stronghold Digital Mining, Inc. announced that its stockholders have overwhelmingly approved the proposed merger with Bitfarms Ltd. At a special meeting, approximately 99.6% of votes cast favored the merger, representing about 54.5% of Stronghold’s outstanding shares. Bitfarms’ stock was seen trading higher by around 6% Friday morning as investors are betting the current price undervalues the mining company. The merger is expected to close in March 2025, pending the satisfaction of remaining conditions, according to a release from Stronghold. This merger comes as both companies navigate the crypto space. Bitfarms recently announced plans to repurpose some of its facilities into…
New research by 10X Research has revealed the massive benefits on offer to users of a US Dollar-denominated stablecoin being launched within the Filecoin ecosystem. Filecoin is among the most rapidly-growing platforms in Web3, and there is a massive amount of untapped value on the decentralised file storage network waiting to be unlocked. Between high-level support from a number of foundations and an ever-growing list of ecosystem partners, the importance of a publicly open, peer-built lending market and a liquid source of on-chain Dollars is becoming apparent with each passing day, especially as the data stored on the protocol increasingly…