Author: NBTC
Trump Bitcoin Plus ETF: A New Entry into Crypto Investments Trump Media & Technology Group (TMTG), the parent company of Truth Social, has announced its plans to launch a Bitcoin Plus ETF. This move signifies the company’s foray into the cryptocurrency investment sector, potentially making Bitcoin more accessible to traditional investors. Unlike standard Bitcoin ETFs that solely track Bitcoin’s price, the ‘Plus’ in Bitcoin Plus ETF suggests a diversified approach. This may involve additional assets such as other cryptocurrencies, blockchain-related stocks, or derivatives aimed at optimizing returns while managing risk. Regulatory Challenges and Approval Process The launch of TMTG’s Bitcoin…
Robinhood launched a slew of new services for Gold members, which could further blur the lines between fiat and crypto. Gold, the trading app’s premium subscription, costs $5 a month or $50 a year, with 4% interest on uninvested cash and higher thresholds for instant deposits. At a presentation in San Francisco on Wednesday, the company unveiled Robinhood Strategies, which aims to deliver “tailor, expert-managed portfolios” driven by a team that collectively have over 50 years of Wall Street experience serving institutional and high-net-worth investors. Meanwhile, Robinhood Banking will deliver access to traditional checking and savings accounts, tickets to exclusive…
Many a cryptocurrency trader spotted the opportunities presented by new or struggling digital assets, thus turning modest sums of money into veritable fortunes within mere days and, sometimes, hours throughout 2024. In the small hours of February 7, 2025, one such investor saw and took an opportunity to bet on a new token – Berachain (BERA) – collapsing in value soon after its launch, thus reversing a common theme of many traders being left ‘holding the bag’ after the often brief and violent post-listing rally. Specifically, the short trader used approximately 1.6 million USDC stablecoin to bet against BERA on…
The top crypto holder among top South Korean officials is Kim Hye-young, a member of the Seoul Metropolitan Council, who holds crypto worth 1.7 billion won ($1.2 million) This revelation comes as South Korea releases its crypto asset report for the second consecutive year, showing that senior government officials collectively hold 14.42 billion won ($9.83 million) in digital assets. An asset disclosure report published by the Ethics Committee for government officials on March 27, 2025, showed 411 (20.1%) out of 2,047 officials owned cryptocurrency. Notably, two out of 10 high-ranking public officials held virtual assets and the average holding per person…
Remittance app Abound raised $14 million in a seed round following investment from crypto heavyweights Circle Ventures and the Near Foundation. The app aims to be a financial bridge between non-resident Indians (NRIs) and India, and has processed $150 million worth of remittances with about 500,000 monthly active users. Abound is incubated by the digital arm of the Times of India Group, one of the country’s largest news agencies. “Indians in America have a unique financial reality — one that spans two countries, two economies, and two currencies. Yet, the financial services available today weren’t designed for their needs,” said…
Injective proposes launching the first on-chain S&P 500 Index, integrating traditional finance with decentralized markets through perpetual trading. The governance vote on Injective’s S&P 500 Index proposal will determine its approval, potentially revolutionizing blockchain-based access to stock indices. Injective has submitted a governance proposal to launch the world’s first on-chain S&P 500 Index. If approved, the launch will take place this coming Monday, representing a significant step toward the merger of decentralized and traditional finance. Injective has deployed a brand new governance proposal to launch the first ever on-chain S&P 500 Index. If approved, the release will occur on Monday,…
A new draft Income Tax Bill presented by India’s Finance Minister Nirmala Sitharaman proposes sweeping powers for tax authorities to access citizens’ digital lives—including emails, social media communications, and financial accounts. A stated focus of this expanded reach is tracking cryptocurrency transactions to combat financial misconduct. BREAKING: 🇮🇳FM Nirmala Sitaraman on New Income Tax Bill, allows tax authorities to access your emails, social media, bank transactions, and trading accounts.Crypto-Specific Investigations-> WhatsApp messages helped track ₹90 crore in crypto assets and identify involved… pic.twitter.com/BxRFjPVOtA — Kashif Raza (@simplykashif) March 26, 2025 New Bill Expands Tax Authority Reach into Digital Space India’s…
As Ethereum (ETH) battles price fluctuations and struggles to maintain the $2,000 support, significant development has occurred in the ecosystem. Notably, Ethereum bulls are digging in and trading the coin, as open interest witnessed a 2.61% surge in the last 24 hours. Ethereum open interest hits 10.84 million ETH According to CoinGlass data, Ethereum futures traders have committed 10.84 million ETH in open interest. This is worth approximately $22.03 billion at the current market rate, signaling renewed confidence among coin holders. For perspective, Bitcoin’s leading digital asset has recorded a decline in open interest within the same time frame. Bitcoin’s…
Spot Bitcoin exchange-traded funds in the United States reverted to outflows on Feb. 6 as Bitcoin continued trading below the crucial $100K level, needed for its next leg higher. According to data from SoSoValue, the 12 spot Bitcoin ETFs recorded $140.3 million in outflows on Thursday, breaking a two-day streak of inflows that had totaled $407 million. Fidelity’s FBTC led the outflows with $103.25 million in redemptions, followed by Grayscale’s GBTC, which saw $42.21 million withdrawn. Meanwhile, Bitwise’s BITB was the only ETF to record inflows, attracting $5.15 million from investors. Other spot Bitcoin funds, including BlackRock’s IBIT, saw no…
The amount of Shiba Inu (SHIB) in circulation has fallen again following a recent token burn event. Notably, more than 15 million SHIB tokens were wiped out. This coincides with a 6.4% decline in the price of the second-largest meme coin. Shiba Inu burn surges over 470% According to the Shibburn tracker, the Shiba Inu community has permanently helped the protocol destroy 15,104,251 SHIB tokens. As a result, Shiba Inu’s burn rate has skyrocketed by over 470% in the last 24 hours. Per the details, almost all the 15,104,251 tokens were burned in a single transaction. The wallet address “0x541…f3ce”…