Author: NBTC

The first wave of U.S.-listed spot Ethereum exchange-traded funds (ETFs) has racked up nearly $8.7 million in net inflows in its first year on the market, according to public data compiled since the funds launched on July 23, 2024, despite heavy outflows out of Grayscale’s Ethereum Trust (ETHE). That performance, while modest compared to their bitcoin counterparts, arrives alongside a surge in investor activity and price momentum. Over the past two weeks alone, the ETFs brought in more than $4.6 billion — nearly half of their total annual inflows — coinciding with a sharp uptick in ether’s (ETH) price. ETH…

The price of the PENGU token has jumped nearly 18% after its parent project, Pudgy Penguins, announced a major strategic partnership with Suplay Inc., a firm the project described as ‘one of China’s top collectible companies. The collaboration marks a key step in Pudgy Penguins’ international expansion and deepens its presence in Asia’s booming collectibles market. As investors react positively to the news, the price of PENGU has shot up, drawing renewed attention to this once-niche NFT project. Pudgy Penguins X Suplay IncWe are excited to partner with Suplay, one of the top collectible companies in China. More information coming…

The Australian Federal Court ruled in favor of fintech company Finder.com, clearing it and its yield-generating product, Finder Earn, in a legal battle with the Australian Securities and Investments Commission (ASIC) that lasted almost three years. In a Thursday court decision, Justices Stewart, Cheeseman and Meagher confirmed a previous judgment that Finder Wallet and Earn complied with consumer financial laws. The federal court “confirmed the initial finding that Finder Earn was not a financial product,” Finder said in a Thursday blog post. The ruling came three months after ASIC appealed a March court decision on the Australian fintech firm’s Earn…

OKX Wallet, the native crypto wallet of the popular crypto exchange OKX, has recently announced a new integration. Project Merlin, a popular Web3 platform and a multi-chain DAO network, has exclusively integrated OKX Wallet. The partnership unlocks streamlined crowdfunding on-chain for blockchain-based projects. OKX Wallet’s social media announcement presents this development as a notable step to simplify the way consumers back innovative DeFi initiatives. In addition to this, the respective endeavor is going to strengthen the connection between creators as well as contributors. We’re glad to announce that @ProjectMerlinio has integrated #Wallet!You can now use our Wallet to crowdfund onchain…

SharpLink Gaming (SBET), the Nasdaq-listed crypto treasury firm that has recently emerged as one of the largest corporate holders of ether (ETH), said on Friday it has appointed former BlackRock executive Joseph Chalom as co-CEO of the firm. Chalom, who spent two decades at BlackRock in different roles, spearheaded the asset management giant’s foray into digital assets and blockchain initiatives including launching the a spot ETH ETF, the press release said. He also was a board member at tokenization firm Securitize, which issues the largest tokenized U.S. Treasury fund with BlackRock. “Few executives in the world have had the kind…

Popular Solana-based token launch platform PumpFun may have conducted the first buyback for its token PUMP, according to onchain data. According to data from the Dumpster DAO, the project completed a buyback of approximately $2.3 million in tokens in just 20 minutes. This transaction was funded from Pump.fun’s wallet, which consists of transaction fees. Launched yesterday, the PUMP token quickly gained popularity after a $600 million initial offering (ICO) held over the weekend, which sold out in just 12 minutes. After launching, the token quickly rose into the top 65 cryptocurrencies by market capitalization and currently ranks 63rd with a…

Meme coin launchpad Pump.fun and its founders are back in the spotlight, and once again, it’s for all the wrong reasons. Summary A new federal lawsuit alleges Pump.fun and its partners ran a meme coin operation designed to defraud users. Over 98% of Pump.fun tokens failed within 24 hours, according to court filing. Controversy around Pump.fun has been heating up lately. A recently amended class action lawsuit is turning up the pressure on Pump.fun, accusing the Solana-based platform of operating an illegal scheme that systematically drained retail traders through rigged token launches and insider-driven trades. Pumpdotfun Litigation UpdateBurwick Law, on…

Nubila Network, the earliest weather oracle on-chain, has announced its new partnership with UXLINK, a well-known Web3 social forum. The main objective of this collaboration is to transform the WeatherFi ecosystem within the Asia-based Web3 landscape. The platform’s social media announcement reveals that this development aims to unveil unique WeatherFi opportunities. WeatherFi is an exclusive sector that leverages weather data to drive decentralized finance, optimization of supply chain, and risk management. The world’s first on-chain weather oracle meets the largest Web3 social layer 🌍We’re thrilled to partner with @UXLINKofficial – where real-world trust meets on-chain value.With UXLINK’s deep traction in…

Cryptocurrency analyst and trader Kevin Svenson believes Bitcoin (BTC) is now poised to ignite steep rallies with shallow pullbacks. In a new strategy session, Svenson tells his 83,500 YouTube subscribers that Bitcoin will likely print new all-time high prices as it launches the final phase of its parabolic advance. While Svenson believes that rallies are in sight for BTC, he cautions that a sharp correction may follow the next leg up. “We are now entering the vertical stage, where most likely the price is going to be sending up toward levels like $140,000 – $150,000 is my estimated range for…

Sharplink, a major public company with significant Ether holdings, has hired a veteran BlackRock executive as the corporate Ether treasury race heats up. Former BlackRock senior executive Joseph Chalom has joined Sharplink as its new co-CEO, effective July 24, the company announced on Friday. In his new role at Sharplink, Chalom will be responsible for shaping and executing SharpLink’s global strategy in public markets and Ethereum-based digital infrastructure, his LinkedIn page reads. Chalom’s arrival at Sharplink comes amid BlackRock’s iShares Ethereum Trust (ETHA) becoming the third fastest exchange-traded fund (ETF) in history to break $10 billion in assets. BlackRock is…