Author: NBTC
Amid speculation that BlackRock may be preparing to launch an XRP ETF, an executive from the company has provided an update. Over the past few months, several XRP enthusiasts have been anticipating an XRP ETF filing from BlackRock. It all began after a fake XRP ETF filing from the company was filed on the State of Delaware website last year. At the time, the price of XRP skyrocketed tremendously, soaring by over 15%. However, BlackRock quickly refuted the report, emphasizing that the filing was fake. Ever since, several asset managers like Bitwise, Canary Capital, 21Shares, and WisdomTree have submitted separate…
Hex Trust, a prominent platform for virtual asset staking, custody, and market activities, has announced the release of HT Markets MENA. Hex Trust’s HT Markets MENA in Dubai aims to provide fiat on/off-ramp operations within Dubai’s jurisdiction, letting accredited and institutional investors access the regulated and secure digital asset market. The platform disclosed this development in its recent statement. Hex Trust Expands Services with HT Markets MENA Launch Hex Trust pointed out that HT Markets MENA launch reflects a notable development. It reportedly provides on and off-ramp services to Dubai-based users for fiat currencies. However, it delivers the respective services…
The state of Florida plans to introduce a strategic Bitcoin reserve in the first quarter of 2025, according to The Street. This initiative, backed by Florida’s influential political leaders and blockchain advocates, signals the state’s ongoing push to become a leader in Bitcoin adoption. Florida’s Bold Move: A Bitcoin Reserve Samuel Armes, president of the Florida Blockchain Business Association (FBBA), revealed that the state is likely to establish a strategic Bitcoin reserve during the upcoming legislative session starting in the first quarter of 2025. The move builds on Florida’s existing investments in Bitcoin and crypto-related assets, particularly through its $185.7…
World Liberty Financial (WLFI), a cryptocurrency initiative linked to the Trump family, has significantly increased its on-chain activity over the past week. According to blockchain data, the project has invested millions of dollars into expanding its crypto holdings, including Ethereum (ETH), Aave (AAVE), Chainlink (LINK), Ethena (ENA), and Ondo (ONDO). Strategic Ethereum Investment World Liberty Financial’s latest acquisition involves 722.213 ETH for $2.5 million USDC through Cow Protocol on December 20. Notably, Ethereum remains the largest asset in WLFI’s portfolio. This latest acquisition, coming amid the market-wide dip, elevated the project’s total ETH holdings to 15,598 ETH, now worth $52.98…
The Fed’s recent decision to cut interest rates by 25 basis points has sparked debate among leading economists about the path of monetary policy over the next two years. The move, expected by many on Wall Street, could signal the start of a steady cycle of rate cuts, with some experts predicting cuts at every Federal Open Market Committee (FOMC) meeting through September 2025. Luke Tilley, chief economist at Wilmington Trust and former Philadelphia Fed economic advisor, believes the Fed will take an aggressive approach to rate cuts given the softening labor market and slowing economic growth. “Private nonfarm payrolls…
A dormant PEPE whale showed activity for the first time after nearly 600 days. PEPE has factored in a 14.18% price increase over the past week as per CMC data. This weekend has not entered into slumber, as Bitcoin spurs into bullish runs. The cryptocurrency surged to the $102K level in the past day. This has stirred some activity in the market, and the altcoin sector has shown mixed signals toward the bullish run. Meanwhile, a particular PEPE whale has caught market attention. According to LookOnChain reports, a dormant PEPE whale, a few hours ago moved all of his 2.1…
Defying fiat currencies, naysayers, and bear markets, bitcoin, the premier cryptocurrency, has recently reached a milestone by breaking the $100k mark for the first time in its history. Members of the bitcoin community celebrated this achievement, proclaiming that it is still early days for the asset. Bitcoin Breaks $100K, Holders Celebrate Milestone Bitcoin, the cryptocurrency born of the abuses of third-party financial institutions as an idea in a mailing list, recently reached an unbelievable goal, breaking the $100k level for the first time. The cryptocurrency community was quick to celebrate the achievement, mocking those who made fun of the ecosystem…
Doodles founder Scott Martin hinted at a potential token launch for the NFT collection in a cryptic post on the X platform. Community members noticed that the first letters of each phrase spelled out “token is coming,” fueling speculation about a token launch for the project. That excitement translated into market activity, with the collection’s minimum price rising from 4.3 ETH to 6.5 ETH, according to CoinGecko. With this surge, Doodles cemented its position as the sixth-largest NFT collection by market cap, valued at $220 million. The buzz around the potential token launch follows Doodles’ recent collaboration with McDonald’s, which…
Ethereum (ETH) has experienced sharp declines in recent days, forcing some of the cryptocurrency’s largest holders to liquidate significant amounts of their holdings. According to market tracker LookonChain, the price of Ethereum has fallen by 18.35% from its Monday high of $4,109, forming a bearish engulfing pattern on the daily chart. According to recent updates, ETH has lost more than 7% today alone, and this has prompted whale holders to let go of a huge chunk of their holdings to repay debts. At press time, the second largest crypto by market cap is trading at $3,390, with its 24 hour…
The SEC has approved dual Bitcoin and Ethereum ETFs from Hashdex and Franklin Templeton, expanding institutional access to the two largest digital assets through spot-based investment vehicles. The approvals cover the Hashdex Nasdaq Crypto Index US ETF and the Franklin Templeton Crypto Index ETF. Franklin Templeton’s updated filing, submitted earlier today, received accelerated clearance due to compliance with existing commodity-based trust share standards. The regulatory green light comes during significant market turbulence, with over $1 billion in crypto liquidations occurring within 24 hours, according to CoinGlass data. During this period, Bitcoin dropped more than 8% from yesterday’s high of $105,000…