Author: NBTC

Spot Ethereum exchange-traded funds took in about $3.9 billion in August while U.S. Bitcoin ETFs posted roughly $750 million in net redemptions. The split extends a summer stretch in which Ethereum funds have consistently drawn capital since late July, as Bitcoin products saw intermittent outflows. The rotation follows a record July for Ethereum vehicles, with about $5.4 billion in net inflows that brought cumulative investor demand close to parity with Bitcoin funds for the month. Momentum accelerated into mid-August, including the first single day above $1 billion of net creations for spot ETH ETFs on Aug. 11, according to VettaFi.…

Issuers of crypto exchange-traded funds should carefully consider which cryptocurrencies to offer exposure to in their funds, as most of the crypto market is “pretty sketchy,” says REX Financial CEO Greg King. “Crypto gets pretty sketchy below the top 10, certainly below the top 20,” King told Bloomberg’s ETF IQ on Monday. “There’s some significant picking and choosing that has to happen by issuers there,” he added. King added that he didn’t think there would be “a huge explosion” in ETF filings for various cryptocurrencies but predicted “a lot of funds per coin.” ETF issuers have rushed to get approval…

According to reports, new evidence severely undercuts President Trump’s campaign to fire Fed Governor Lisa Cook. With the FOMC meeting a few days away, Trump probably won’t be able to change its composition in time. The market is already confidently predicting that the Fed will cut US interest rates in the next few days. Still, Cook’s continued presence will maintain Fed independence and prevent Trump’s radical restructuring. Documents Support Fed Governor In the last few months, President Trump has considered drastic action to impose a cut to us interest rates, even aiming to fire Fed Chair Jerome Powell. Although Powell…

A significant event recently unfolded in the crypto world, capturing the attention of investors and market watchers alike. An address linked to the prominent Chinese investment firm, Longling Capital, executed a substantial Longling Capital Binance Deposit, moving millions in various digital assets to the leading exchange. This move, totaling approximately $14.7 million, has naturally sparked considerable discussion about its potential implications for the market and the firm’s strategic outlook. What Exactly Was the Longling Capital Binance Deposit? Roughly three hours ago, according to on-chain analytics from Onchain Lens, an address associated with Longling Capital made a notable transfer to Binance.…

Although Ethereum is still trading somewhat strongly above $4,300, a closer examination of on-chain activity shows that whale accumulation and larger network inflows are not aligned. Whale address 0x4ED0 has added to an aggressive buying spree that started Aug. 11 by purchasing an additional 5,553 ETH (worth $24.44 million) in the last 40 minutes. This one address has since amassed 18,447 ETH ($81.05 million) at an average price of $4,417 and 1,357 WBTC ($160 million) at an average of $117,547. Borrowing for ETH The whale borrowed $114.02 million USDT after the tokens were promptly deposited into Aave, indicating a highly…

Last week, Osaka Governor Hirofumi Yoshimura highlighted the third-year results of the “Osaka International Financial City” initiative. The city has attracted 27 overseas financial institutions and 650 startups, signaling its ambition to position itself as a next-generation financial hub. Once considered Asia’s financial hubs, Singapore and Hong Kong now face competition as the rise of stablecoins reshapes the region’s monetary order, raising the question of which country or city will lead. Korea: Pivot Toward Private Stablecoins and Retail Payments Once focused primarily on central bank digital currency (CBDC) initiatives, South Korea has accelerated a pivot toward private stablecoins. The Financial…

U.S. SEC Chair Paul Atkins said crypto’s time has come, pledging to modernize the U.S. securities rulebook and expand “Project Crypto” to bring markets on-chain. Speaking in Paris on Sept. 10 at the OECD’s inaugural Roundtable on Global Financial Markets, Atkins said the SEC is shifting away from enforcement-driven policymaking and will provide clear rules for tokens, custody, and trading platforms. “Policy will no longer be set by ad hoc enforcement actions,” he said, calling the new approach “a golden age of financial innovation on U.S. soil.” Atkins said most tokens are not securities and promised bright-line rules for determining…

Blockchain games are shutting down in droves so far this year, as hype and funding fade and crypto investors turn their attention elsewhere. But one long-running crypto game hopes to draw some of those players affected by shutdowns by offering free NFT assets for affected users. Crypto trading card game Splinterlands is inviting the players of failed blockchain games to apply to its newly formed recovery fund, in which $500,000 worth of crypto tokens and in-game assets can be unlocked over the next seven years. The project told Decrypt that it is currently in talks with other projects based on…

The world of decentralized finance (DeFi) is constantly evolving, and a major development has just emerged for enthusiasts of the Berachain ecosystem. Layer 1 blockchain project Berachain (BERA) has launched its Simple Earn deposit product directly on Binance, making Berachain staking more accessible than ever before. This exciting move aims to bridge the gap between centralized exchanges (CEXs) and on-chain participation, inviting a broader audience to engage with the Berachain network. What is Berachain Staking on Binance Simple Earn? At its core, Berachain Simple Earn on Binance allows users to participate in BERA’s on-chain staking directly from their Binance account.…

The cryptocurrency market consistently delivers captivating stories of significant financial movements, and a recent event involving a major investor, often dubbed a “whale,” is no exception. This particular whale has executed a highly profitable trade, securing a substantial Ethereum whale profit by moving a considerable amount of ETH to a leading exchange. Such maneuvers underscore the dynamic and often lucrative nature of digital asset trading. Who is This Ethereum Whale and What Was Their Strategy? Blockchain analytics firm Lookonchain brought this notable transaction to light. An address identified as 0xF4Bd deposited exactly 2,585 ETH onto Binance, a globally recognized cryptocurrency…