Author: NBTC
Today marks a watershed moment in the US financial markets as the first-ever spot Ethereum ETFs commence trading. Approved by the US SEC, these funds allow investors to directly engage with the world’s second-largest cryptocurrency. Jay Jacobs, BlackRock’s US head of thematic and active ETFs, highlighted Ethereum’s utility, stating, “You could think of Ethereum as a global platform for applications that run without decentralized intermediaries.” The SEC allowed S1 registration statements to become effective on Monday afternoon, giving final approval for the funds to begin trading. This development comes less than three months after spot Bitcoin ETFs were launched in…
Ethereum (ETH) is trending as the Securities and Exchange Commission (SEC) finally approved exchange-traded funds (ETFs) using spot ETH as the underlying asset. Analysts expect an increased demand for Ethereum, benefiting related cryptocurrencies and other tokens as capital inflows to the ecosystem. The native token Ether has seen over 25% gains in two weeks, highlighting the investment opportunity as Wall Street weighs in. In particular, the decentralized finance (DeFi) trader and meme coin enthusiast Clouted explained the dynamic he expects to see. Uniswap (UNI) Uniswap (UNI) is the largest and most used decentralized exchange in DeFi, responsible for most of…
Yona Network, a Solana Virtual Machine (SVM) Bitcoin Layer 2 network, has adopted Neon Stacks to introduce Ethereum Virtual Machine (EVM) compatibility to the Bitcoin network. According to a July 25 statement shared with CryptoSlate, this collaboration aims to drive innovation in the Bitcoin DeFi ecosystem while enhancing accessibility and scalability for decentralized applications (dApps) on the foremost blockchain network. At the same time, the move will also give EVM developers and users access to over $1 trillion in liquidity and assets like Ordinals, Runes, and BRC-20s on the Bitcoin network. Bringing Solana speed to Bitcoin Yona Network’s SVM integration…
Samson Mow, Bitcoin advocate and the chief executive officer at Bitcoin adoption-focused company JAN3, has commented on the current Bitcoin price correction. He has shared his positive take, continuing his recent narrative about diamond hands adding BTC to their long-term holdings. Mow reveals what’s happening to Bitcoin sales Now that Bitcoin continues its aggressive decline and is enclosing on the $57,000 level, Bitcoin maximalist Mow believes that all those who are selling BTC now are just letting cryptocurrency whales buy it. In particular, Mow believes, whales from Bitfinex are buying up all the dips at the moment. Today, the world’s…
Following spot Bitcoin ETFs, spot Ethereum ETFs were finally opened for trading today. Now we are wondering how much investment ETH ETFs will receive. At this point, while it was generally expected that ETH ETFs could experience a significant inflow, although not as much as Bitcoin, Citi estimated that ETFs could experience an inflow of 4.7 to 5.4 billion dollars in the first 6 months. While there is currently a decline expectation for the ETH price, Arkham announced the public addresses of ETF issuer companies. Arkham also revealed how much Ethereum the issuing companies have in their wallets. “We have…
Today, enjoy the Lightspeed newsletter on Blockworks.co. Tomorrow, get the news delivered directly to your inbox. Subscribe to the Lightspeed newsletter. Howdy! I am touching grass today, so Jeffrey is stepping in with the story of how transactions make it to the blockchain. It’s admittedly a little funny that all this complex infrastructure predominantly helps degens buy memecoins. It reminds me a bit of how liquor goes through a whole long distillation process just to get diluted by cranberry juice or coke. But I digress: The lifecycle of a Solana transaction Solana tends to be so fast and efficient that…
Nexo has renewed its SOC 2 Type 2 audit and completed a new SOC 3 Type 2 assessment, both with no exceptions. Demonstrating its dedication to data security, Nexo expanded the audit scope to include additional Trust Service Criteria, specifically Confidentiality.—Nexo is a digital assets institution, offering advanced trading solutions, liquidity aggregation, and tax-efficient asset-backed credit lines. Since its inception, Nexo has processed over $130 billion for more than 7 million users across 200+ jurisdictions. The SOC 2 Type 2 audit and SOC 3 report were conducted by A-LIGN, an independent auditor with two decades of experience in security compliance.…
Renowned gold and Bitcoin bear Peter Schiff stated that he believes the trend in Bitcoin may intensify while pointing out a critical support level that Bitcoin investors should make sure not to overlook. In case of a breakdown, his chart suggests that the digital gold may lose up to 60% of its value. Right now, the price of Bitcoin is slightly below the 200 EMA. This level has always been a reliable stopgap for a long-term trend, which makes it significant. Breaking below this mark could signal a more serious bearish trend and significant price drops. The bearish outlook has…
Today, Ethereum ETFs made their long-awaited debut on major stock exchanges. This article will analyze projected inflows for Ethereum ETFs and how they might influence the future price of ETH. By comparing the recent success of Bitcoin ETFs, we will explore the potential impact on Ethereum prices in the coming months. Table of Contents Understanding Bitcoin ETF inflows and their implications for Ethereum Academic insights into ETF effects on market prices Potential inflow scenarios for Ethereum ETFs Ethereum price impact analysis Understanding Bitcoin ETF inflows and their implications for Ethereum While Bitcoin ETFs have seen substantial inflows, expectations for Ethereum…
WAVES, the native token of the Waves blockchain platform, has demonstrated remarkable resilience following its recent delisting from Binance, the world’s largest cryptocurrency exchange. Despite the initial shock, the token has bounced back, showcasing strong market confidence and investor faith in the project’s long-term potential. Binance delisting and immediate impact In early June 2024, Binance announced the delisting of WAVES along with several other tokens, including OMG Network (OMG), NEM (XEM), and Wrapped NXM (WNXM). This decision was part of Binance’s routine review process to ensure that only high-quality digital assets are available on its platform. Factors cited for the…