Author: NBTC

BlackRock, the world’s largest investment firm, is showing strong interest in Ethereum (ETH). According to Robert Mitchnick, the head of digital assets at BlackRock, the company is more excited about Ethereum than Bitcoin, especially among its tech team. Mitchnick revealed that for every four people excited about Ethereum, only one is focused on Bitcoin. This shows that BlackRock sees big potential in Ethereum’s ability to run smart contracts and support decentralized apps. Even though BlackRock already manages the biggest Bitcoin ETF, iShares Bitcoin Trust (IBIT), its growing focus on Ethereum suggests they’re planning something big with ETH. Also, the number…

WEMIX Team recently announced their plan to establish a Peg Stability Module (PSM) that provides users with stable 1:1 WEMIX$/USDC exchange capabilities. The developed action plan works to stabilize WEMIX$ values while offering users a stable exchange experience. The implementation timeline starts in the first half of 2025 indicates the WEMIX Team’s attempt to generate system stability and control price volatility affecting users. WEMIX$ Action Plan : 1:1 Exchange to USDC Coming Soon 🔄The #WEMIX Team is initiating a Peg Stability Module (PSM) to enable 1:1 exchanges of WEMIX$ to USDC.This means less volatility and a more stable exchange process…

Michael Saylor, a co-founder of Strategy and its executive chairman, has taken to social media to share a BTC-themed message with his multi-million followers’ army on the X platform. That tweet published by Saylor coincided with the world’s bellwether cryptocurrency Bitcoin briefly soaring above the $100,000 price level. Saylor issues new Bitcoin tweet Michael Saylor’s tweet stated: “We all need a Strategy for Success.” He marked the “Strategy” with an @ sign and added an image of his company. Earlier this week, Saylor rebranded MicroStrategy to Strategy, emphasizing the company’s commitment to continue focusing on Bitcoin as its main asset…

BlackRock, already a $10 trillion force in traditional finance, continues to expand its presence in the digital asset space. This time, it is the BUIDL fund – a tokenized investment vehicle – that has surpassed $1.5 billion in AUM, as reported by Arkham Intelligence. For those not familiar, BUIDL operates in a simple way, as it is backed entirely by cash, U.S. Treasury bills and repurchase agreements, and distributes daily returns directly to holders in the form of new BUIDL tokens. There are two variations: BUIDL, which accrues yield, and BUIDL-I, which does not – at least not yet. Tokenized…

Receipts Depositary Corp. (RDC), a start-up founded by a group of former Citigroup executives, is planning to launch XRP-backed securities, according to people familiar with the matter. This will give institutions access to XRP (XRP) securities through U.S. regulated market infrastructure. The company will offer depositary receipts similar to the American depositary receipts (ADRs) that represent foreign stocks on U.S. equity exchanges. The product will be offered to qualified institutional buyers only via transactions exempt from registration under the Securities Act of 1933. As such, it does not need approval from the Securities and Exchange Commission (SEC). Fox Business reported…

After four long years of legal battles, the fight between Ripple and the SEC has finally come to a halt. The legal showdown that has drawn attention from both the crypto community and financial regulators appears to be over, but some lingering questions remain. Despite a statement from Ripple CEO Brad Garlinghouse, XRP supporters are still waiting for official confirmation from the SEC itself. Amid ongoing speculation, a document recently circulated online claiming that the SEC will not make an official announcement about the lawsuit until August 7. However, former SEC lawyer Marc Fagel quickly dismissed the document, stating, “This…

As Ethereum (ETH) is touching new local lows, being 44% down in 2025, two notable whale positions on the Maker exchange are close to a massive liquidation. ETH/BTC yet again hit multi-year lows, while seasoned investors turn extremely bearish on the second largest cryptocurrency. $238,000,000: Ethereum (ETH) whales of Maker on verge of liquidation Two whale-size accounts on Maker, a large-scale DeFi, inch closer to a nine-digit liquidation. Should the Ethereum (ETH) price drop by another 4%, $238 million in Ethereum (ETH) long positions will be erased. This alarming situation was noticed by Lookonchain, a crypto research platform. As the…

FTX, the once-prominent cryptocurrency firm, is ready to start paying back its major creditors by the end of May. After gathering a massive $11.4 billion since its collapse, the cryptocurrency firm is ready to begin making significant payouts as per a latest report from Bloomberg. While smaller creditors with “convenience claims” have already received payments, FTX will begin paying its major debt holders on May 30, according to bankruptcy lawyer Andrew Dietderich, who informed the judge overseeing the Chapter 11 case. The main creditors of FTX are investors who are owed millions of dollars, along with institutions that had cryptocurrency…

In a significant development, Maryland State Delegate Caylin Young has introduced “Strategic Bitcoin Reserve Act of Maryland.” The latest move reflects a growing trend among U.S. states to diversify their financial assets into digital currencies, recognizing Bitcoin’s potential as both an investment and a hedge against inflation. JUST IN: Maryland State Delegate Caylin Young introduces “Strategic Bitcoin Reserve Act of Maryland” 🇺🇸 pic.twitter.com/gygW5iIfz5 — Bitcoin Magazine (@BitcoinMagazine) February 7, 2025 Notably, Maryland is proposing to create a Bitcoin Reserve Fund, which would be used as a reserve asset for the state by investing in Bitcoin. Additionally, it would allow the…

This is a segment from the Supply Shock newsletter. To read full editions, subscribe. Greetings, and happy 41st birthday to Ross Ulbricht! By now, rehashing the Silk Road timeline — from a secret psychedelics lab in an off-the-grid Texas cabin to a global clandestine operation with half a dozen employees — doesn’t seem totally useful. Besides, long-time Bitcoin History readers have already walked through the events that led to Ulbricht’s dramatic 2013 arrest in a San Francisco public library. Anyone who missed our email from last year can find it in our archives — it’s definitely still worth the read!…