Author: NBTC

Ethereum (ETH), which has recently seen weak price performance and ongoing retracement with little bullish momentum, is now drawing renewed interest from major institutions. This Ethereum news has set out to push bearishness in the market. While retail investors have shifted to faster and more affordable alternatives like Solana ($SOL) and Base, large institutions remain confident in Ethereum. This trend shows that Ethereum is still a critical player in managing significant real-world assets (RWAs), despite its challenges. Ethereum’s Role in Institutional Investment Ethereum’s importance in the financial world is clear. Over 53% of all real-world assets are currently held on…

U.S.-based crypto exchange Kraken has reportedly joined forces with regulated British full-service clearing bank ClearBank to offer pound-based services for clients in the U.K. British bank ClearBank has expanded its role in the crypto market by partnering with U.S. exchange Kraken to provide GBP clearing services for Kraken’s U.K. clients, following the exchange’s recent acquisition of an EMI licence through its entity Payward Services. According to an April 3 press release, ClearBank will be Kraken’s primary U.K. bank, having previously supported Crypto Facilities Limited, an FCA-regulated investment arm of the Kraken Group, with client money accounts. ClearBank’s chief customer officer…

Asset management firm WisdomTree (WT) is moving deeper into asset tokenization with expanding its institutional investment platform, WisdomTree Connect, to include 13 tokenized funds across five blockchain networks, the company said on Thursday. Previously limited to Ethereum, the platform now supports Arbitrum, Avalanche, Base and Optimism. Investors can interact with the funds through U.S. dollar or Circle’s USDC stablecoins, with holdings accessible in third-party and self-custodial wallets. With these additions, WisdomTree Connect now claims the bragging rights of offering “the most extensive suite of tokenized real-world assets (RWA) available to institutions,” a spokesperson said. The suite includes a tokenized money…

A Bitcoin wallet containing 50 BTC mined some 15 years ago has suddenly become active, moving coins worth roughly $5 million that were originally valued at just $0.10 each. Bitcoin historian Pete Rizzo spotted and shared the wallet transaction using a mempool.space screenshot. The wallet movement has since sparked discussions and concerns across the crypto community. Some onlookers have speculated that it could be connected to recently pardoned Silk Road founder Ross Ulbricht. But attributing old Bitcoin movements to any specific individual who hasn’t voluntarily doxxed their wallet address is very speculative. “It’s fascinating that it’s so easy to automatically…

Circle Internet Group, the issuer of the popular USDC stablecoin, has filed an S-1 with the SEC for an initial public offering. The firm plans to issue its stock under the ticker CRCL on the New York Stock Exchange, the filing noted. JP Morgan will serve as the lead left active bookrunner for the proposed offering, while Citigroup will act as lead right active bookrunner, a Tuesday statement said. Bookrunners work as underwriters in IPOs or when banks and other institutions issue new financial products. “For Circle, becoming a publicly traded corporation on the New York Stock Exchange is a…

In a landmark decision demonstrating the growing interconnectivity of the cryptocurrency ecosystem, Floki DAO has overwhelmingly approved a significant treasury investment into BADAI, an emerging AI platform on the BNB Chain. The vote, which concluded on February 2nd, 2024, saw an astounding 99.71% approval rate, marking a pivotal moment for both projects. Floki announces the success of its proposal to invest $125,000 into BADAI Key Investment Details and Strategic Partnership The approved proposal allocates $125,000 from Floki’s treasury toward acquiring BADAI tokens at a $12.5 million valuation. This strategic investment comes as BADAI prepares for its token launch through TokenFi,…

The past few months have been difficult for the Ethereum ecosystem, with ether (ETH) falling to levels not seen since 2020. ETH is significantly underperforming compared to bitcoin (BTC) and some major cap altcoins. Worse still, the bleeding does not appear to be stopping soon. According to a report by the market analytics platform CryptoQuant, diminished network activity is one of the major reasons why Ethereum has been losing value. This continued subdued activity is contributing to a high inflation rate for ETH, making the cryptocurrency lose its value over time. Diminishing Network Activity The number of active addresses on…

eToro expanded its staking offerings by adding Polkadot (DOT) and Cosmos (ATOM) to its crypto staking program, offering users new opportunities to earn passive income. According to the company’s announcement, this move enhances the platform’s staking portfolio, which already includes popular assets like Solana, Ethereum, and Cardano, giving investors a broader range of assets to stake and grow their holdings. eToro’s latest addition comes amid heightened market volatility caused by the recent tariffs announced by Donald Trump. At the time of this publication, Polkadot (DOT) ranked #20 on CoinMarketCap with a market valuation of $6 billion, which has been down…

ChainAware.ai, an advanced platform for Web3 AI agents, is joining forces with CheersLand, a popular platform for the trading of real-world assets (RWAs). The partnership focuses on integrating the AI-led security solutions of ChainAware.ai with the unparalleled asset tokenization of CheersLand to drive growth of the digital asset transfers. The collaboration intends to expand efficiency and trust in digital asset transfers. Exciting Partnership 🚀 We’re teaming up with @Cheers_Land, the modular RWA trading platform bridging Web2 & Web3! By integrating ChainAware’s AI-powered security with their seamless real-world asset tokenization, we’re driving a new era of trust and innovation.Stay tuned for……

Almost half of the state governments in the U.S. are either on a path toward putting some of their money into crypto or already have, and much of a suddenly booming interest in tying their financial futures to the digital-assets markets has come after U.S. President Donald Trump showed support for a national stockpile of digit assets. In the surge of crypto legislative or financial efforts at the state level, 21 states are investing or looking into investing — generally in the industry’s leading token, bitcoin (BTC), and sometimes also in less volatile stablecoins that are designed to match the…