Author: NBTC
U.S. exchange-traded funds tied to ether (ETH) have seen $401 million in net outflows so far in March, wiping out gains from the first two months of the year. The redemptions represent nearly 6% of the total $6.77 billion in assets held by spot ether ETFs, according to data from SoSoValue. Just one day this month—March 4—saw positive inflows, with $14.58 million added. In comparison, January and February saw inflows of $101 million and $60 million, respectively. Spot bitcoin ETFs also faced withdrawals, with $893 million in net outflows this month, but the scale relative to assets under management, roughly…
Merlin Chain has today announced a strategic partnership with Quack AI to bring AI-driven governance to its crypto network. This alliance is a crucial milestone towards enhancing Merlin Chain’s system for decentralized governance. Merlin Chain is a Bitcoin Layer-2 network, specializing in improving Bitcoin’s potential through its advanced layer-2 infrastructure. Merlin Chain runs on top of the Bitcoin blockchain, designed to unleash Bitcoin’s full potential, to make it more efficient and accessible for a broader audience. One way Merlin performs this role is by allowing development of DApps on the Bitcoin chain. On the other hand, Quack AI is an…
Goldman Sachs has significantly increased its exposure to Bitcoin ETFs, nearly doubling its holdings in BlackRock’s iShares Bitcoin Trust (IBIT) and Franklin Bitcoin Trust (FBTC), according to recent SEC filings. The firm’s IBIT position surged by 88%, while its FBTC allocation grew by 105% compared to previous disclosures. Goldman Sachs’ Bitcoin ETF Holdings Increase The latest 13F filing shows Goldman Sachs has diversified its approach to Bitcoin-linked investments, combining direct ownership of Bitcoin ETFs with derivatives trading. The firm holds both call and put options on these ETFs, signaling an active strategy in managing its digital asset exposure. In November,…
Pendle reached $58 million TVL on Sonic just one month after its launch through flexible yield strategies. It supports staking, stablecoins, and BTC/ETH assets, boosting DeFi usability across networks. Pendle has recently caught the attention of the Sonic network. Just one month after its launch, the protocol has recorded a $58 million total value locked (TVL), according to Dune. That is not only a large figure on paper, it also captures the unquestionably great trust and excitement of the DeFi community. How Pendle Mixes It Up With Multi-Yield Tactics Behind this surge is an unusual strategy. Pendle does not rely…
Leading altcoin Ethereum has noted a 9% uptick in the past week as the broader cryptocurrency market attempts a recovery from recent lows. While the rally is partly fueled by the gradual resurgence in the general market’s bullet sentiment, two key on-chain metrics suggest that ETH’s momentum could strengthen further. ETH’s Supply Hits Yearly Low While Traders Bet Big On-chain data reveals that ETH’s exchange reserve has dropped to its lowest level this year. As of this writing, the metric stands at 18.32 million ETH, plummetting 7% from its year-to-date peak of 19.74 million coins reached on February 2. ETH…
Crypto whale “8u6u3” recently entered the AI token market with two major acquisitions using $7.42 million through their wallet address “8u6u3.” This whale invested $7.42 million within three hours by purchasing both trending AI-related cryptocurrencies $ARC and $ai16z. $7.42M in #AI Token Buys: $ARC & $ai16zIn the past 3 hours, new whale “8u6u3” spent:• 19,500 $SOL ($3.86M) for 12.511M $ARC at ~$0.309• 18,000 $SOL ($3.56M) for 6.508M #ai16z at ~$0.546Notably, this whale withdrew 38,139 $SOL from #Coinbase 7 days ago at $216.07, likely… pic.twitter.com/1V0jhSfhrq — Spot On Chain (@spotonchain) February 11, 2025 Breakdown of the AI Token Purchases A whale…
InfStones, a prominent blockchain infrastructure platform, has formally partnered with Nillion Network, a decentralized ecosystem for secure processing of delicate data with advanced cryptographic techniques. In this partnership, InfStones will operate as a Genesis Validator for Nillion to enhance the solutions related to decentralized privacy. The platform revealed this endeavor on its official X account. 🚀 InfStones is thrilled to join @nillionnetwork as a validator from Day 1!🔷 Why Nillion?It’s pioneering privacy-preserving solutions, blending cutting-edge cryptography with a fully decentralized framework. This isn’t just blockchain—it’s a leap toward secure, private data… https://t.co/tE0jrOfDyD — InfStones Global (@InfStones) March 22, 2025 InfStones…
There has been a substantial decrease in Bitcoin balances held by Over-The-Counter (OTC) desks. Back in September 2021, these balances were approximately 480,000 BTC, but now, they have declined to 146,000 BTC, according to CryptoQuant. This sharp reduction points to substantial outflow of Bitcoin from OTC desks over the past few years. Why OTC Desks Matter for Bitcoin Markets OTC desks are like behind-the-scenes trading hubs that facilitate large-volume trades between parties, often used by institutional investors to execute major transactions without impacting the public market. This trend could be a notable factor in the current market cycle. Once OTC…
Investors can earn 90% annualized returns on $ePENDLE in Arbitrum-based pools. The significant increase in returns is due to $vePENDLE airdrops as well as $PENDLE emissions. This is a good opportunity for those looking to earn improved returns in the DeFi landscape. Increased pools are designed by Equilibria to increase rewards for liquidity providers. Thus, $ePENDLE token holders can deposit funds in Equilibria pools and enjoy improved rewards. Users holding $vePENDLE (the locked governance version of $PENDLE) will receive periodic airdrops that contribute to broader returns. In addition to this, $PENDLE emissions, which are distributed through staking incentives, further increases…
As of now, Ethereum (ETH) is trading at $2,087.30 after posting a 4.60% increase over the past 24 hours. However, over the past 30 days, Ethereum has experienced a 24.51% decline, reflecting broader market corrections and uncertainty. Ethereum Price Analysis The 24.51% decline over the past 30 days reveals that, over a longer period, the market has been bearish. This divergence between short-term rallies and longer-term corrections is typical in the crypto space and highlights the need for careful technical analysis. Oscillators and Momentum Indicators Momentum indicators provide additional clarity: Relative Strength Index (RSI): The RSI is currently hovering around…