Author: NBTC

Ethereum’s momentous surge continued Tuesday afternoon, with the price of the second-largest cryptocurrency by market cap topping $4,500 for the first time since 2021. ETH has surged by 26% over the last week alone, pushing its 30-day gain to over 50%. Compare that to Bitcoin, which is up about 6% on the week and roughly flat over the last month. Traders betting against Ethereum are feeling the pain Tuesday, with over $104 million worth of liquidations on ETH short positions over the past 24 hours, per data from CoinGlass. Ethereum leads all crypto liquidations with about $154 million worth during…

Key Takeaways GameStop isn’t the meme it used to be, according to billionaire Bill Gross. The company recently purchased 4,710 BTC, and its stock price has begun to mirror Bitcoin’s price movements. Legendary investor Bill Gross said GameStop (GME) is shedding its meme stock roots and now “mimics Bitcoin.” The “Bond King” recently told Business Insider that GameStop is “much less volatile” and no longer behaves like a meme stock, though he still considers it “a good candidate for option selling.” According to Gross, GameStop has moved in a pattern similar to Bitcoin. The stock rose in late 2024, dipped…

Illinois Governor JB Pritzker took a swipe at US President Donald Trump for allowing “crypto bros” to guide policy as he signed two new bills to regulate crypto in the state on Monday. “While the Trump Administration is letting crypto bros write federal policy, Illinois is implementing common-sense protections for investors and consumers,” said Governor Pritzker on Monday while approving the legislation. Crypto policy has become divisive on a state level since the Republicans won in a landslide election in November, with some states such as Texas and Arizona fully embracing the industry while others, such as Democrat stronghold Illinois,…

A recent development in the crypto world has caught the attention of many, signaling a potentially positive shift in investor behavior. Reports indicate a significant ETH withdrawal from the Kraken exchange, involving a substantial amount of Ethereum moving to a newly created wallet. This kind of movement often sparks discussions among market participants, as it suggests a shift towards more secure, long-term holding strategies. What Does This Significant ETH Withdrawal Mean? Blockchain analytics firm LookOnChain recently reported via X (formerly Twitter) that a fresh wallet initiated a massive ETH withdrawal of 23,365 Ethereum from Kraken. This considerable sum is valued…

US spot bitcoin exchange-traded funds (ETFs) recorded net inflows on Wednesday. Spot Ethereum ETFs also rebounded, attracting $35.12 million in net inflows on Wednesday. Bitcoin has been trading in a narrow band between $114,000 and $115,000 in recent days. US spot bitcoin exchange-traded funds (ETFs) recorded net inflows on Wednesday, halting a four-day streak of outflows that saw $1.45 billion pulled from the market. According to data from SoSoValue, the funds posted a combined net inflow of $91.5 million. BlackRock’s iShares Bitcoin Trust (IBIT) led the recovery with $42 million in inflows. Bitwise’s BITB followed with $26.35 million, while Grayscale’s…

Law and Ledger is a news segment focusing on crypto legal news, brought to you by Kelman Law – A law firm focused on digital asset commerce. The following opinion editorial was written by Alex Forehand and Michael Handelsman for Kelman.Law. A Guide to CFTC Rules for Crypto Investment Funds With U.S. regulators increasingly classifying digital assets like Bitcoin and Ethereum as commodities, the regulatory landscape for crypto funds is shifting. Instead of navigating only the SEC’s investment adviser rules, managers may now fall squarely under the Commodity Exchange Act (CEA) and the jurisdiction of the Commodity Futures Trading Commission…

Disclaimer: This is not investment advice. The information provided is for general purposes only. No information, materials, services and other content provided on this page constitute a solicitation, recommendation, endorsement, or any financial, investment, or other advice. Seek independent professional consultation in the form of legal, financial, and fiscal advice before making any investment decision. Ethereum is up 5.23% today against the US Dollar ETH/BTC increased by 5.05% today Ethereum is currently trading 4.07% below our prediction on Aug 17, 2025 Ethereum gained 50.38% in the last month and is up 67.75% since 1 year ago ETH price is expected…

Insiders say China plans to launch renminbi-backed stablecoins in an effort to combat the U.S. dollar. However, the launch is held back by capital outflow concerns. Summary China has reportedly begun testing renminbi-backed stablecoins. Stablecoin plans have been hindered by growing concerns over the nation’s financial control and fears of potential misuse. In a recent article by the Financial Times, its been revealed that Chinese officials have zeroed-in on stablecoin testing as a potential way to combat the U.S’ stronghold on the market, following the success of Tether (USDT) and Circle’s (USDC) dollar-backed tokens. China aims to use stablecoins to…

The unclear state of Spain’s cryptocurrency taxation led to a trader being taxed millions for an operation that should not constitute a taxable event. Analysts agree that this uneven situation will continue, as there are no clear determinations on which operations can be taxed. A 5M Euro Transaction: How Spain’s Unclear Taxation Affects Crypto Traders Taxation has become a relevant part of the everyday lives of Spain’s traders now that the crypto asset class has become mainstream. Spain’s local press has reported the case of a cryptocurrency trader who, even after following law-established procedures and paying over 5 million euros…

TL;DR Product design: NEOS files a High Income Ethereum ETF using indirect exposure to spot Ethereum ETFs and active options trading, creating a synthetic covered call approach aimed at boosting yields for investors. Market timing: The launch follows a stretch where Ethereum ETFs outperformed Bitcoin ETFs, with Eric Balchunas saying the category now gets the full treatment as institutional flows deepen. Key risks and next steps: Covered calls can cap upside and hedges can drag, indirect exposure may track spot imperfectly, and the SEC still must approve; investors will watch for strikes, tenors, and hedge ratios. NEOS has filed for…