Author: NBTC
The SEC began its formal review of CoinShares’ Litecoin ETF application, following Nasdaq’s filing today. The proposed ETF, structured as a Delaware Statutory Trust, aims to track Litecoin’s performance via the Compass Crypto Reference Index Litecoin – 4pm NY Time, minus fees and expenses. The trust would exclusively hold Litecoin and cash, with shares representing fractional undivided beneficial interests. Authorized Participants could create and redeem shares in 5,000-block increments. The SEC’s review period lasts 45 days, extendable to 90 days or more. Regulators will assess market surveillance, investor protections, and compliance measures. Nasdaq has a surveillance-sharing agreement with Coinbase Derivatives,…
The long-running legal showdown between Ripple Labs and the U.S. Securities and Exchange Commission (SEC) could soon reach a resolution, Fox Business reported, citing “two well-placed sources.” The case, which has dragged on since December 2020 when the SEC accused Ripple of raising over $1.3 billion through unregistered sales of its closely related XRP token, may finally be wrapping up — though not without last-minute wrangling over its terms. Sources told Fox that Ripple’s legal team is pushing to renegotiate aspects of a pivotal 2023 ruling by District Judge Analisa Torres of the Southern District of New York (SDNY). That…
Bitcoin is repeating past moves where price held support before surging higher. If momentum builds the price could push toward $110K soon. A break below support might change sentiment and slow Bitcoin’s rise. Bitcoin is maintaining critical support near $95,612 as it rebounds from the trend-based dynamic support zone, according to analyst RickUntZ. The price structure aligns with previous impulsive moves, where BTC found support at similar levels before initiating significant uptrends. Historical patterns show that each time Bitcoin touched this area, a rally followed, suggesting another potential upside move if the trend remains intact. However, the market needs to…
Ethereum drops below $2K, with institutional investors facing massive losses. Market indicators remain bearish, but long-term holders continue accumulating ETH. March’s 21-day window will decide if ETH breaks its four-month losing streak. Ethereum has fallen below $2,000 again. Investors are feeling the heat, with major funds taking serious losses. World Liberty Fi, backed by Donald Trump, has been hit the hardest. The fund holds most of its crypto in Ethereum, and the latest drop has erased $110 million. With 21 days left in March, the next move could decide the trend. A rare four-month losing streak looms, adding pressure on…
BNB Smart Chain still logs a return of users, after years of being overshaded by Ethereum and Solana. The chain, which offers relatively low fees, is becoming the arena for a new wave of memes. BNB Smart Chain is attracting smart money away from Base as it turns into one of the new hubs for meme tokens. Binance’s network also aims to tap the former Solana meme traders, who have grown tired of rug pulls and cabal token launches. Nansen research shows a shift of smart money whales from Base to BNB Smart Chain. Solana is also slowing down, while…
Former Supreme Court attorney and alleged tax evader Tom Goldstein had access to a cryptocurrency wallet that channeled $100 million in transfers, according to a new filing from US federal prosecutors. The US originally filed an indictment against Goldstein—who is also known for co-founding the popular SCOTUSblog—on January 16, including counts of violating federal tax laws and failing to report cryptocurrency transactions. Filed on March 6, the latest submission includes new information regarding the volume of transactions on two unhosted wallets allegedly associated with Goldstein. One of them, referred to only as “935B,” served as a channel through which Goldstein…
Bitcoin dropped below $94,000 but recovered above $95,000 amid high market volatility. Strategy announced a $2 billion Bitcoin acquisition. Institutional investors continue expanding Bitcoin exposure despite short-term price declines. Bitcoin prices plummeted below $94,000 before recovering to surpass $95,000. Bitcoin dropped 10% during the past week while facing a significant price decline. Bitcoin’s price decline challenges the positive outlook that emerged from Bitcoin spot ETF approvals and recent political developments. Market sentiment has declined which leads investors to maintain a careful approach. Bitcoin continues to face difficulties due to rising market volatility and increased sell-off activity. Market participants watch important…
On-chain data revealed that Ethereum had fallen to its lowest valuation relative to Bitcoin in May 2020. The current trading rate is 0.023278, registering an 8.7% decline over the past 48 hours. On-chain data revealed the ETH/BTC exchange rate registered a new low since May 2020. The currency pair’s trading rate currently stands at 0.023278. Ethereum’s total locked value collapsed by approximately $30 billion since last year. ETH/BTC pair drops to its lowest level since May 2020 Coinmarketcap data revealed that ETH lost 42.9% of its value since December 2024. The asset’s current price stands at $1,945 per coin. Markets…
Popular Telegram game Zoo has started its airdrop claim period for its soon-to-launch ZOO token on The Open Network (TON). As of Tuesday, users were able to claim their earned ZOO tokens inside the Telegram mini app. During this period, claims are handled off-chain, meaning that the user will not have to pay any fees. Once this period ends on February 25 at 9am UTC, users will be required to claim on-chain and pay a 0.1 TON ($0.35) fee, according to Zoo’s FAQ page. Millions of players have built their digital zoos within the Telegram mini app from its December…
The years-long legal battle between the US SEC and Ripple Labs is nearing resolution, as both sides negotiate the details of the August district court ruling, FOX Business journalist Eleanor Terrett reported Wednesday, citing two sources with knowledge of the matter. 🚨SCOOP: Two well-placed sources tell me that the @SECGov vs. @Ripple case is in the process of wrapping up and could be over soon. My understanding is that the delay in reaching an agreement is due to Ripple’s legal team negotiating more favorable terms regarding the August… — Eleanor Terrett (@EleanorTerrett) March 12, 2025 The SEC has withdrawn numerous…