Author: NBTC
SkyBridge Capital founder Anthony Scaramucci made statements about CRPT, the firm’s cryptocurrency-focused exchange-traded fund (ETF). While Scaramucci shared both the fund’s performance and his predictions about the future of cryptocurrencies, he also made remarkable evaluations about stablecoin regulations and altcoin ETFs, which are on the agenda in Washington. CRPT does not invest directly in digital assets, but in stocks of companies integrated into the crypto ecosystem. “This fund was created four years ago, at a time when there were no Bitcoin ETFs, to offer our clients an investment vehicle with a high correlation to Bitcoin,” Scaramucci said. The SkyBridge manager…
After the successful deployment last week of Pectra, Ethereum’s biggest upgrade in more than a year, the network’s core developers are already shifting focus to the next major chain upgrade: Fusaka. Pectra, the biggest code change to Ethereum since the Merge in 2022, introduced key changes aimed at making staking easier for institutions, improving wallet accessibility, and boosting transaction efficiency. Developers have already begun planning for Fusaka, the network’s next upgrade, and have thus far agreed to include an Ethereum Improvement Proposal (EIP) called “PeerDAS” that could help the network support larger “blobs” of transaction data. Blobs, introduced during the…
According to the latest developments reported by Bloomberg, Coinbase, the largest cryptocurrency exchange in the United States, is preparing to join the S&P 500. The S&P 500 (Standard & Poor’s 500) is a market-cap weighted stock index that measures the performance of the 500 largest publicly traded companies traded on the United States stock exchange. It is one of the most followed indicators for investors to track the overall health of the U.S. economy and stock market performance. In order for a company to be included in the S&P 500 index, it must meet certain strict conditions set by S&P…
The Solana Name Service (sns.sol), widely known by its former name Bonfida, is making a major change. It announced plans to launch a new token called SNS. This new token will replace the existing FIDA token. The team says this shift is designed to better match the interests of .sol domain holders with the project’s future goals. Why SNS is Replacing FIDA: Addressing Outdated Tokenomics The team behind sns.sol explained why a new token is needed. They stated that while FIDA initially served its purpose within the Serum decentralized exchange ecosystem, its design no longer supports the current vision of…
As the SEC barrels forward with its pro-crypto agenda under the second Donald Trump administration, the agency’s sole remaining Democratic commissioner has begun openly questioning whether the sector is now being actively promoted by the Commission to a disproportionate extent. During the regulator’s fourth crypto-focused roundtable since March, which today focused on moving traditional Wall Street securities onto blockchain networks, SEC Commissioner Caroline Crenshaw interrogated whether the premise of hosting traditional finance firms at the agency’s headquarters, to discuss how they should adopt blockchain technology, may constitute overstepping. In recent months, former Democratic SEC appointees have begun openly questioning the…
This is a segment from The Drop newsletter. To read full editions, subscribe. Sugartown — the “GameFi” platform that began its development while part of Zynga for years — is launching another NFT collection. Zynga is the mobile gaming studio behind games like FarmVille and Words With Friends. The studio sold off Sugartown to startup D20 Labs in a move that was reportedly part of a spinout last year. Zynga’s crypto-focused staff also moved to D20 Labs. Now, Sugartown’s latest drop is underway. The 9,999 “Cores,” which will live on the Abstract blockchain, resemble scientific tubes filled with a mysterious…
WazirX users await May 13 court hearing that could unlock frozen hacked funds. $230 million WazirX hack blamed on North Korea-linked Lazarus Group shocks crypto community. WazirX promises 85% fund return if Singapore court approves recovery plan this week. Yet remaining 15% of stolen funds still has no confirmed payout plan or timeline. After months of waiting and worry, WazirX users might finally get some good news. On May 13, 2025, the Singapore High Court is set to review the exchange’s recovery plan, nearly a year after a massive $230 million hack shook India’s biggest crypto platform. If approved, this…
PancakeSwap Infinity will get advanced, intelligent UX features, all built into the blockchain with Brevis partnership. Decentralized exchanges are one step closer to competing with centralized exchanges on user experience. On Monday, May 12, Brevis and PancakeSwap (CAKE) announced an integration that will enable decentralized, intelligent UX for its next-generation version, PancakeSwap Infinity. Formerly known as PancakeSwap v4, PancakeSwap Infinity will feature “Intelligent UX” powered by Brevis hooks. These hooks use zero-knowledge proofs to perform on-chain computations that allow PancakeSwap’s interface to adapt to individual users. You might also like: PancakeSwap v4 rebrands to PancakeSwap Infinity with major upgrade At…
The Bitcoin price today is trading around $102,300 after a volatile 48-hour stretch that saw a brief selloff below $101,000, followed by a modest recovery. Despite the rebound, signs of slowing momentum are building as BTC struggles beneath its recent peak of $105,787. What’s Happening with Bitcoin’s Price? BTC/USD price dynamics (Source: TradingView) Looking at the 4-hour chart, Bitcoin price action reveals that BTC remains above its 20 and 50 EMA lines—currently at $102,822 and $100,890 respectively—indicating that bulls still have near-term control. However, the Relative Strength Index (RSI) has slipped to 49, nearing neutral territory after forming a lower…
BlackRock has submitted an amended S-1 form to the U.S. SEC, proposing the inclusion of in-kind creation and redemption for its iShares Ethereum Trust ETF, ETHA. James Seyffart, a senior ETF analyst at Bloomberg, was the first to share details of this filing on X, confirming that the asset manager made the move on May 9. He revealed that the amended form now includes language that would allow in-kind redemptions once the SEC approves. BlackRock Pushing for In-Kind Redemption: What Does It Mean? Seyffart, alongside fellow Bloomberg analyst Eric Balchunas, expects that the agency will approve in-kind processes at some…