Author: NBTC

BlackRock’s iShares Ethereum Trust (ETHA) has officially crossed $10 billion in assets under management (AUM), making it the third-fastest exchange-traded fund (ETF) in history to achieve this milestone. According to Bloomberg ETF analyst Eric Balchunas, BlackRock’s iShares Ethereum Trust (ETHA) has reached $10 billion one year after its launch, trailing only two other crypto ETFs: BlackRock’s spot Bitcoin ETF (IBIT) and Fidelity’s spot Bitcoin ETF (FBTC). All three are now the fastest ETFs to reach $10 billion AUM, outperforming thousands of traditional finance counterparts. LOOK OUT: $ETHA just hit $10b in one year flat, the 3rd fastest ETF to hit…

Now more than ever, the five-year SEC lawsuit against Ripple and XRP appears to be nearing its ultimate conclusion. Amid these high hopes, the XRP community has been actively speculating about what could come next for the digital asset. Some members have resurfaced an old video featuring Yoshitaka Kitao, Chairman and CEO of Japanese financial giant SBI Holdings, where he expressed strong confidence in XRP’s future once the SEC lawsuit is resolved. In the resurfaced video, Kitao stated that the long-running legal battle with the U.S. SEC was nearing its end. He cited comments from Ripple’s leadership suggesting that a…

Binance has launched RWUSD, a new principal-protected yield product offering up to 4.2% APR benchmarked against tokenized U.S. Treasury bills and other real-world assets. The offering aims to continue Binance’s plan to incorporate off-chain financial instruments into its Earn product suite while avoiding direct exposure to tokenized assets. Users can subscribe to RWUSD using stablecoins like USDT or USDC, depending on regional availability. Upon subscription, Binance issues RWUSD in a 1:1 ratio to a user’s Spot Account, with no associated subscription fees. Redemption is only permitted in USDC at the same 1:1 ratio, regardless of the initial stablecoin used. Fast…

Wall Street bank JPMorgan reshuffled ratings and price targets on a group of bitcoin miners to begin the week. Updating estimates for the group to reflect second-quarter earnings and changes to the network hashrate and the bitcoin price, the bank upgraded MARA Holdings (MARA) to overweight and lifted its price target to $22 from $19, suggesting about 30% upside from the Friday close just above $17. IREN (IREN) was downgraded to neutral from overweight, though the price target was lifted to $16 from $12. Riot Platforms (RIOT) was also cut to neutral from overweight, and its target increased to $15…

Michael Saylor, the executive chairman of Strategy and probably the most vocal Bitcoin evangelist, let a single word do the talking today – and the market’s listening. In the post, Saylor was shown dressed like “The Dude,” wearing a robe. He wrote, “Bitcoin Abides” as the caption. The post’s timing is not random either. Bitcoin is trading just under $119,000, near new all-time highs after a mid-June breakout flipped resistance into solid support. Price action is pretty tight near $120,000, so Saylor’s message is more like a reaffirmation than a prediction – and the balance sheet backs it up. The…

Maximal-extractable value (MEV) on the Ethereum network is becoming increasingly centralized, with arbitrageurs tightening their grip on transaction ordering. According to a recent research paper, these arbitrageurs, called “searchers” in the paper, are increasingly in-house or have exclusive contracts with maximal extractable value builders, who are responsible for block construction on the Ethereum network. MEV refers to the profit that blockchain validators or other participants can earn by reordering transactions within a block before it’s finalized. On Ethereum, MEV often involves strategies like arbitrage, front-running, or sandwich attacks, where traders exploit price differences to maximize gains. The paper, titled “Measuring…

Southeast Asia’s biggest ride-hailing app now enables payments in Bitcoin, Ethereum, and several stablecoins. Summary Ride-hailing app Grab is launching crypto payments App will support BTC, ETH, USDC, and USDT Crypto adoption is growing fast in Southeast Asia Retail crypto use cases are slowly becoming mainstream globally. On Monday, July 28, Grab, the biggest ride-hailing app in Southeast Asia, announced adding support for crypto payments in the Philippines. Users in the country will now be able to top up Grab’s cash balance with Bitcoin (BTC), Ether (ETH), as well as USDC and USDT stablecoins. This feature was enabled through a…

Bitcoin mining profitability increased 5.3% in June, buoyed by a 1.2% increase in the cryptocurrency’s price and a 6.7% drop in the network hashrate, according to a report by investment bank Jefferies. The hashrate refers to the total combined computational power used to mine and process transactions on a proof-of-work blockchain, and is a proxy for competition in the industry and mining difficulty. It is measured in exahashes per second (EH/s). The profitability boost came as extreme summer heat across the U.S. drove up energy prices, prompting less efficient miners to throttle operations. So far in July, bitcoin has surged…

The Smarter Web Company, a London-listed digital agency specializing in web design, web development, and online marketing services, has acquired 325 additional Bitcoin at an average price of $112,157 per unit as part of its ongoing treasury policy, according to a new press release. The company now holds 1,600 Bitcoin with a total average purchase price of $106,798 per Bitcoin. With Bitcoin currently trading at nearly $119,000, the stash is worth over $190 million. The Smarter Web Company also reported a year-to-date Bitcoin yield of 39,258% on its treasury and a 30-day yield of 419%. The company maintains over $5…

Ordinals are on the rise again following a recent boom in Bitcoin art from on-chain creators like Harto, Rutherford Chang, OTO, and many more. Here are our top picks for BTC ordinals. Summary BTC Ordinals have soared 103% in trading volume and 891% in sales. Traders are asking for recommendations to BTC Ordinals art projects following the recent rise in popularity. It’s not just the BTC (BTC) token that has been on the rise. Bitcoin Art on-chain has been seeing massive action in the past few days in the lead-up to a rally-filled month as creators’ works soar on the…