Author: NBTC
On July 23, Samara Cohen, BlackRock’s Chief Investment Officer of ETF and Index Investments, joined CNBC’s “Squawk on the Street” to talk about the launch of spot Ether ETFs and the potential they hold. The discussion began with the host, Bob Pisani, acknowledging the much-anticipated launch of Ether ETFs. Cohen confirmed the launch, noting that the ETFs were already actively trading both in the pre-market and post-open sessions. She emphasized that these ETFs are indeed tracking Ether, trading with tight premium discounts, tight spreads, and receiving broad market maker support. This marks a significant step in integrating cryptocurrencies into the…
Shibarium is setting a different growth course for itself as it is eyeing a very important milestone ahead. At the time of writing, Shibarium boasts a total block of 5,929,347, with just a few more blocks remaining to hit the 6,000,000 milestone. Shibarium’s launch, rise and fall When Shibarium made its debut in August last year, many did not believe it would record as much success as it has managed to in recent times. The Ethereum layer-2 network first suffered a major technical glitch that forced the halting of transactions. After this, much effort was expended to scale the chain.…
South Korea’s nominee for FSC chair, Kim Byoung-hwan, expressed caution about corporate crypto transactions, signaling opposition to spot Bitcoin ETFs. South Korea‘s nominee to head the Financial Services Commission (FSC), Kim Byoung-hwan, voiced caution on Monday regarding the allowance of bank accounts for corporate crypto transactions, emphasizing the need to prioritize investor protection, Korea’s news agency Yonhap reports. Kim, a former vice finance minister nominated as the FSC chief earlier in July, made the comments during a parliamentary session in response to a lawmaker’s inquiry about the necessity of South Korea permitting crypto accounts for corporations. You might also like:…
OKX announced the delisting of a large number of spot trading pairs in order to maintain a solid and efficient trading environment. OKX Will Delist Many Spot Trading Pairs The decision follows regular performance reviews and feedback from users in accordance with the OKX Token Delisting/Decloaking Guidelines. The affected trading pairs and their respective delisting schedules are as follows: 25 July 2024, 11:00-11:30: LTC-ETH MATIC-BTC ADA-ETH FIL-ETH LINK-ETH OKB-ETH HBAR-BTC EOS-ETH QTUM-BTC GRT-BTC 26 July 2024, 11:00-11:30: ATOM-ETH XCH-BTC MKR-BTC NEO-BTC OXT-ETH OKT-BTC XRP-ETH SHIB-BTC DOGE-ETH TRX-ETH 1 August 2024, 11:00-11:30: ADA-BTC FIL-BTC NEAR-BTC LINK-BTC DOT-BTC UNI-BTC ETC-BTC ATOM-BTC EOS-BTC…
The price of the flagship cryptocurrency Bitcoin has recently dropped below its 200-day trendline after hitting a low above the $57,000 mark and losing its key $60,000 support level, sparking concerns of a potentially “extreme” price crash that would see it trade near $40,000. Andrew Kang, co-founder of Mechanism Capital, highlighted parallels between the current price action and the lead-up to the 2021 crash, pointing to the extended period BTC has been within its price range, which exceeds the duration seen before the crash in 2021. Moreover, Kang noted there are over $50 billion worth of cryptocurrency leveraged positions near…
The Ethereum blockchain went through its highest inflation period in the last quarter, with approximately 110,000 Ethereum (ETH) added to the total supply. This equates to an annual inflation rate of 0.37%, according to a recent report by Fidelity Digital Assets. Analysts Daniel Gray and Max Wadington suggest that ETH supply is unlikely to experience dramatic fluctuations in the short to medium term, but the growing preference for lower-fee layer 2 platforms and increased demand for staking could lead to more frequent inflationary quarters. The network has seen a 5% increase in the number of validators since April, and the…
While Bitcoin continued its recovery towards $ 70,000 in the last two weeks after the sharp declines in July, Coinshares published its weekly cryptocurrency report. Coinshares, which stated that it experienced $1.354 billion inflows into cryptocurrency investment products last week, said that the inflows are continuing. “Cryptocurrency investment products have seen further buying, with $1.35 billion in inflows last week, and the last 3-week wave of inflows reaching $3.2 billion.” Bitcoin Rise Expectation Continues! When looking at crypto funds individually, it was seen that the majority of fund inflows were in Bitcoin. BTC experienced inflows of $1.27 billion, representing over…
Ripple’s CEO predicts a $5 trillion influx into digital currencies by the end of 2024, potentially boosting XRP’s market position. Archax plans to integrate $30-$50 trillion in real-world assets into the XRP Ledger starting in 2024, enhancing its value and utility. A potential Ripple victory over the SEC could attract institutional investors, significantly increasing XRP’s liquidity and market capitalization. Ripple’s XRP is positioned for a possible upsurge, owing to a combination of market changes and strategic alliances. Brad Garlinghouse predicts a major spike in investment in the cryptocurrency market by the end of 2024. He anticipates about $5 trillion to…
The Digital Chamber, a leading blockchain trade association, has urged U.S. Vice President Kamala Harris to “take a forward-looking approach to digital assets.” On Monday, the Digital Chamber said it had sent a letter to Harris. This came just a day after outgoing U.S. President Joe Biden dropped out of the upcoming 2024 election and endorsed Kamala Harris for nomination as the Democratic Party’s candidate. 📢 This morning, we sent a letter to @VP with important requests to support the #digitalasset industry. It’s in the best interest of the American people for Democrats to embrace this technology fully. @VP has…
Jupiter has maintained a position within the upper half of the Bollinger Bands for nearly ten days, indicating a sustained bullish trend. The $1 level has been turned into a support zone, though it might face another test shortly. Jupiter (JUP), a decentralized exchange aggregator on the Solana blockchain, has surged by 65% since July 8th, highlighting its upward momentum. Jupiter’s bullish trend on the Solana blockchain points to a robust rally, with critical resistance levels in sight and ongoing bullish indicators. Jupiter’s Market Structure Turns Bullish Amid Price Rally The market sentiment towards Jupiter (JUP), a decentralized exchange aggregator…