Author: NBTC
Ethereum price today: $1,940 Cboe BZX Exchange filed a proposed rule change with the SEC to allow staking within Fidelity’s spot Ethereum ETF. Grayscale and 21Shares have also made similar filings with the SEC to stake their Ethereum ETF holdings. ETH could test the $2,850 key resistance if it recovers above $2,200. Ethereum (ETH) is up 3% on Tuesday following Cboe BZX’s filing with the Securities & Exchange Commission (SEC) for Fidelity to permit staking within its spot Ethereum ETF. Fidelity intends to stake its Ethereum ETF Cboe BZX Exchange filed a 19b-4 with the SEC on Tuesday to allow…
Indian Web3 startups saw significant growth in investment activity in 2024, raising $564 million, a substantial increase from the previous year. India now boasts the fastest-growing developer community and is projected to surpass the U.S. by 2028. Funding Still Below 2022 Peak In 2024, Indian Web3 startups raised $564 million, up from $270 million in the previous year, with investments in the infrastructure sector accounting for a disproportionate share of the total. However, as shown by data in Hashed Emergent’s latest report on India’s Web3 landscape, the funds raised by Web3 startups still fall short of the $1.4 billion raised…
Market sentiments around the Solana ecosystem have further soured, with FTX set to unlock over 11 million SOL, worth nearly $2 billion, next month. The Solana ecosystem has been under intense pressure recently as the meme coin fiasco in the network escalates. Reports of insider trading and collaborations to defraud investors have been trending, heightening negative bias. For perspective, tongues started wagging after the LIBRA token saga involving Argentina President Javier Milei. To add to the skepticism, the decentralized exchange aggregator Jupiter admitted to the foreknowledge of the token’s launch, confirming a perfectly staged rug pull. While the rumble negatively…
The Monetary Authority of Singapore and Vietnam’s State Securities Commission have signed a Letter of Intent to collaborate on capital markets regulation and digital asset oversight. The agreement will help both regulators share information on regulatory frameworks, supervisory practices, and anti-money laundering measures. The letter aims to enhance Vietnam’s capacity to develop its digital asset regulatory framework while fostering deeper cooperation between the two financial authorities. Their financial regulators will share expertise on oversight. Today, I welcomed General Secretary of the Communist Party of Vietnam, To Lam, on his first Official Visit to Singapore. His visit is especially meaningful as…
Binance Spot was the main force behind Bitcoin’s sharp recovery above $96K. Short liquidations helped push prices higher as traders rushed to cover losses. Other exchanges must step in to keep Bitcoin above key levels and confirm further gains. Bitcoin’s latest price action has sharply recovered, with the leading cryptocurrency reclaiming the $96,000 level. Data from various exchanges highlights that Binance Spot has largely driven this move, while other venues have yet to catch up. According to market analyst Dom (@traderview2), this revival directly results from Binance Spot activity alongside short liquidations, emphasizing Binance’s dominant role in shaping market momentum.…
According to data provided by analytics platform SoSoValue, Ethereum exchange-traded funds (ETFs) logged a total of $22 million worth of outflows on Tuesday. BlackRock’s iShares Ethereum Trust ETF (ETHA) recorded the biggest outflows of $11.82 million. It was followed by Fidelity Ethereum Fund (FETH) with $9.75 million. These products have now recorded five consecutive days of outflows. Bitcoin ETFs are also hemorrhaging money with a total of $371 million worth of inflows. Fidelity moves to enable staking The launch of Ether ETFs was viewed as a watershed moment for the leading altcoin. However, they significantly underperformed compared to their Bitcoin…
Europe is currently regarded as the global leader in the number of crypto-friendly banks. These banks offer cryptocurrency-related services such as custody, trading, fiat-to-crypto conversions, or support for businesses in this sector. Developing a regulatory framework for cryptocurrencies is the reason behind this boom in Europe. The Surge of Crypto-Friendly Banks in Europe A study by Coincub indicates that up to 55 banks in Europe have integrated cryptocurrency-related services. Germany recorded six banks, while the UK has 5. Countries like Switzerland, Liechtenstein, and Lithuania also boast pioneering banks in this space. Europe leads in crypto-friendly banks. Source: Coincub Some typical…
Shibarium, the Ethereum-based layer-2 scaling solution for the Shiba Inu ecosystem, has suffered decreased activity in the past couple of days. Daily transactions being processed on the protocol plummeted from 4.77 million on Feb. 14 to just 54,640 on Feb. 17. Shibarium: Sharp drop impacts SHIB’s price and burn rate Data from Shibariumscan shows that this sharp decline has affected Shiba Inu’s (SHIB) performance. The massive reduction in user engagement triggered the crash in daily transaction volume. The drop in transaction volume significantly impacted SHIB’s price as the meme coin’s value nosedived from $0.00001695 to its current price of $0.00001515.…
As financial markets in the EU prepare for upcoming regulatory changes, the Depository Trust & Clearing Corporation (DTCC) plans to expand its Global Trade Repository (GTR) service with new MiFID/R reporting capabilities. Aiming to launch in early 2026, subject to regulatory approval, the integration aims to enable financial firms to streamline their transaction reporting obligations while enhancing compliance processes. DTCC’s move to introduce a Markets in Financial Instruments Directive/Regulation (MiFID/R) Approved Reporting Mechanism (ARM) service comes in response to evolving regulatory demands in the UK and EU. “In support of the industry’s evolving trade and transaction reporting needs, we look…
Bitcoin is forming a triangle that signals a strong move could come soon. The price could hit $106K before falling back to test lower levels. Market signals show Bitcoin may see big swings before a clear trend forms. Bitcoin is forming a well-structured wave 4 triangle, setting the stage for a potential breakout to $106,951 before a correction, according to crypto analyst BigMike7335. The latest 4-hour chart of BTC/USD suggests a classic Elliott Wave setup, where price action is coiling within a contracting structure. At the time of the analysis, Bitcoin is trading at $95,087, reflecting a minor decline of…