Author: NBTC
Steno Research predicts net inflows of $15-20 billion into ether spot ETFs in the first 12 months. Ether is expected to hit $6,500 later this year due to strong ETF inflows and other positive factors, the report said. Galaxy Research estimates $5 billion of net inflows to spot ether ETFs in the first five months, Bitwise expects $15 billion of inflows in the initial 18 months. The crypto market is being overly pessimistic about the imminent launch of spot ether (ETH) exchange-traded funds (ETFs) in the U.S. and net inflows could hit $20 billion in the first year as the…
JPMorgan analysts are sounding the alarm about the potential inflationary impact of Donald Trump’s win in the upcoming presidential election and argue that markets have not adequately priced in the risks involved. In a note to clients, analysts said key policies proposed by the Trump campaign could raise inflation. “Markets do not yet appear to have priced in much risk premium for the inflationary effects of the Trump campaign’s major policies,” analysts wrote. The memo highlighted several policy goals stated by the Trump campaign: Extension of 2017 Tax Cuts: Trump aims to extend the tax cuts that were implemented in…
A research paper from three industry pundits confirms Ripple has formed partnerships with up to 80% of the banking industry in Japan. The research, prepared by veteran Statistician Dr. Hossein Hassani alongside research experts Xu Huang and Emmanuel Silva, spotlighted the substantial inroads Ripple has made within Japan’s banking industry. According to the study, about 80% of banks in Japan have partnered with Ripple, illustrating the increasing importance of blockchain in TradFi. Ripple, known for its robust payment solutions, has established itself as a formidable player in facilitating faster and more efficient cross-border transactions. ⚡️⚡️⚡️80 % of Japanese banking industry…
Popular singer Nine Chen has been referred to the prosecutor’s office for alleged fraud linked to Hong Kong‘s JPEX exchange. Chen had received 320,000 USDT to promote the now-crashed stock market in Taiwan. Taiwan’s Bureau of Investigation has referred popular Taiwanese singer Nine Chen to the prosecutor’s office in Taipei on charges of gross fraud and violating banking laws for her alleged involvement in a fraud scheme linked to Hong Kong’s JPEX exchange, according to local media reports. Following an investigation, Chen, who reportedly received 320,000 USDT last year to act as JPEX’s brand ambassador, was found to be involved…
Analyst and trader Jason Pizzino believes that Bitcoin (BTC) is gearing up for a big upside move en route to fresh all-time highs. Pizzino tells his 326,000 YouTube subscribers that the Bitcoin bull market is just taking a breather as it consolidates below its immediate resistance at around $69,000. According to the analyst, it is only a matter of time before BTC breaks out of consolidation and prints gains of around 100% from current levels. The trader uses the Fibonacci extension tool to identify his big BTC price target. “I don’t think the cycle’s over by any stretch of the…
Although Ethereum has outperformed Bitcoin in returns since the beginning of the year, investors still seem to remain bearish on its ETF. While trading in spot Ethereum exchange-traded funds (ETFs) has not yet started, Bloomberg reports that investors are already demonstrating a “bearish” sentiment towards the second-largest cryptocurrency, citing Fundstrat’s Head of Digital Asset Strategy, Sean Farrell. In a note, Farrell highlighted that despite the negative sentiment, hedge funds could still provide a significant boost to these ETFs by capitalizing on basis trade opportunities — the discrepancies between the spot and futures markets. Fundstrat Global and Galaxy Digital project that…
Some of the biggest banks in America are quietly selling their exposure to a troubled sector of the US economy, according to a new report. The banks are beginning to dump commercial real estate loans in a push to “cut their losses,” reports the New York Times. The Times points to Goldman Sachs and Citigroup, which recently sold portions of a troubled $1.7 billion loan backed by office buildings in New York, San Francisco, and Boston, as primary examples. Capital One has also offloaded a $1 billion portfolio that included a large number of office loans in New York. Although…
A multisig wallet has recently deposited a huge amount of $AGIX tokens to the prominent crypto exchange Binance. As per SpotOnChain (a famous on-chain analytics forum), the respective wallet reportedly deposited up to 4 million $AGIX coins to the crypto exchange just thirteen hours back. The analytics firm took to its official X account to offer insights into this development. 13hrs ago, a multisign linked to @SingularityNET deposited 4M $AGIX ($3.63M) to #Binance.The multisign had been inactive with $AGIX for 6 months;And now returned to unload just 1 week before major #AI tokens $AGIX, $FET, $OCEAN are merged into $ASI…
Keisha Lance Bottoms, soon to be Joe Biden’s senior campaign adviser, told the media that crypto is a nonpartisan issue. On June 27, Bottoms told The Hill that crypto is “a nonpolitical and unifying issue that has received bipartisan support,” adding that crypto has attracted attention from voters across the US. She added that crypto and blockchain are “evolving the financial system,” including by empowering Atlanta’s Black-owned businesses. She commented on financial inclusion, stating she aims to address issues that “impact communities of color who are disproportionately unbanked and underbanked in America.” Bottoms called for fair regulation The Atlanta Journal-Constitution…
Michael Saylor, the founder of the MicroStrategy business intelligence giant, has issued a fundamental statement about what is happening as Bitcoin continues to win against fiat money. Basically, Saylor tweeted that Bitcoin is saving investors money from depreciating, again reminding them about its store-of-value status. In the meantime, the world’s flagship cryptocurrency reclaimed the $67,000 price line on Friday and then again recaptured it after a minor rebound that followed earlier today. Michael Saylor’s profound statement on BTC and fiat The vocal Bitcoin evangelist Saylor addressed his vast audience on X to tell them that Bitcoin prevents investors’ fiat money…