Author: NBTC
The United States Securities and Exchange Commission (SEC) has acknowledged NYSE Arca’s 19b-4 application to list and trade Grayscale’s XRP ETF shares. FOX Business Journalist Eleanor Terrett disclosed that the SEC acknowledged the filing yesterday, marking the first step of the approval process. This suggests that the SEC is willing to consider it for approval rather than outrightly rejecting it. Terrett recounted how exchanges seeking to list Solana’s spot ETFs withdrew their 19b-4 applications in December after the Gary Gensler-led SEC signaled it would not engage with them. The SEC acknowledging the NYSE 19b-4 XRP ETF application indicates a more…
Bitcoin (BTC) has been moving between $90,000-100,000 for a while now. In the face of this situation, questions such as whether the bull market is over or will the rise continue? are increasing, while one analyst stated that the rise will continue. Bitcoin Still Bullish, Consolidation Will Result in Rise! Market analyst Omkar Godbole said that the ongoing consolidation between $90,000 and $110,000 in Bitcoin is likely to result in an uptrend. Stating that he reached this conclusion from historical data, the analyst used the 200-week simple moving average (SMA). Noting that at this point, BTC’s 200-week SMA remains well…
Alex Dolesky thought his startup’s push to “financialize” the sleepy uranium spot market would be a hit as nuclear energy stages a global comeback. All that tokenized yellowcake’s looking more like gold. Months after netting its first $1.7 million from venture investors, Uranium Digital raised another $6.1 million in a seed round led by Framework Ventures. The financing will accelerate Uranium Digital’s buildout of a spot trading platform for uranium that uses crypto infrastructure on the backend. It claims to be the first institutional market — crypto-powered or not — for a critical clean-energy commodity that, perplexingly, doesn’t enjoy the…
Community members have finally adopted the Cardano Constitution, another huge milestone in its decentralized governance agenda. Cardano’s journey toward community government secured key intra-ecosystem backers. The Cardano Foundation has announced a transition from the Interim Constitution to the Cardano Constitution. The Interim Constitutional Committee (iCC) confirmed the recent development, noting that the action has been “deemed constitutional.” A New Constitution for Cardano The iCC, tasked with reviewing protocol changes on Cardano, said it had completed an assessment of the Constitutional transition. The Cardano community received the news with excitement and positive projections on how it can enhance its broader ecosystem.…
JAN3 CEO Samson Mow asserts that El Salvador is now “less unique” following its Bitcoin law amendment. When El Salvador made the groundbreaking decision to adopt Bitcoin as legal tender in 2021, it received laurels from proponents of the digital asset as a pioneer in high-level adoption. But nearly four years later, amid continued pressure from international bodies like the International Monetary Fund, the country has been forced to scale back its move. The changes have given Bitcoiners who had once touted the small Central American country as paradise pause for thought. “Less Unique” Samson Mow, CEO of Bitcoin advocacy…
BNB Smart Chain, a Binance-backed smart contract platform built around Binance Coin (BNB) cryptocurrency, is witnessing impressive growth in recent weeks. By trading activity and user onboarding metrics, it outshined both major rivals Solana (SOL) and Ethereum (ETH). BNB Smart Chain metrics are rocketing: DEX volume surpasses Solana, Ethereum BNB Smart Chain saw its TVL increase by 6% in seven days only, outperforming other major programmable L1s. Such calculations were shared by DWF Ventures, a VC arm of major market maker DWF Labs. BNB ecosystem’s top DEX, PancakeSwap, generated $2.7 billion in daily volume and even surpassed Uniswap, a dominant…
Shiba Inu (SHIB) has seen a major bounce in the burn rate metric, a trend that pares off the downturn recorded in the past few days. According to data from Shibburn, the SHIB burn rate jumped by 2,004.92% in 24 hours. At least five different wallets were responsible for the uptick in this metric. Shiba Inu gets needed boost The market data shows that exactly 14,279,657 SHIB are permanently removed from circulation. This is not an unusual trend for the Shiba Inu ecosystem, as this latest move has triggered the burning of 410,744,431,658,176 SHIB. Per the Shibburn data, the top…
Bitcoin has struggled to break the $100,000 mark since early February amid recent market volatility that has left the leading coin in a holding pattern. However, a new report suggests that this trend may soon change, with two indicators pointing to a bullish uptrend. Bitcoin Bull Cycle Not Over Yet, Analyst Says According to CryptoQuant’s pseudonymous analyst MAC_D, “the Bitcoin market’s bull cycle is not yet over.” This is based on the analyst’s assessment of the leading coin’s realized market capitalization and the proportion held by its long-term holders (LTHs). Bitcoin’s realized market capitalization, which measures its total value at…
Crypto exchange Gemini will safeguard assets for Evolve’s leveraged Bitcoin and Ether ETFs, which aim to optimize returns through cash borrowing. Winklevoss-founded cryptocurrency exchange Gemini will serve as the custodian for Canadian asset manager Evolve Funds’ newly launched leveraged Bitcoin (BTC) and Ethereum (ETH) exchange-traded funds, LBIT and LETH, which began trading on the Toronto Stock Exchange on Tuesday, offering what Evolve calls “modestly leveraged” exposure to retail investors. In a blog announcement, Gemini said the ETFs aim to provide investors with 1.25x exposure to BTC and ETH, using cash borrowing instead of derivatives to amplify returns. Unlike traditional levered…
IP crypto surged by as much as 81.4% in the past 24 hours of trading after the project secured listings on multiple exchanges following its Layer-1 mainnet launch. According to data from CoinGecko, Story’s token rose to an intraday high of $2.16 on Feb. 14, with its market cap standing at $456 million. The rally was accompanied by a massive surge in demand and activity, with its daily trading volume soaring by over 400,000% to hover around $347 million. IP was one of the best-performing assets in the crypto market on the day and was trending on Coingecko when writing.…