Author: NBTC

U.S. SEC Commissioner Caroline A. Crenshaw has addressed the frustration over the slow pace of review for spot-based crypto ETFs, including those tied to XRP. Several investors have expressed frustration over the SEC’s repeated delays in deciding the fate of spot ETFs tied to altcoins, such as XRP. In June, the commission delayed its decision on Franklin Templeton’s spot XRP ETF application, just as it had done for several XRP ETF filings in previous months. Reason Behind Delays Speaking in a recent interview on The David Lin Report (TDLR), Commissioner Caroline commented on the SEC’s repeated delays in approving XRP…

YouTuber Logan Paul shouldn’t be allowed to blame the co-creators for the failure of his crypto project CryptoZoo to escape a lawsuit, a US judge has advised. Magistrate Judge Ronald Griffin on Tuesday urged a federal court in Austin, Texas, to deny Paul’s request for a default judgment against CryptoZoo co-founders Eduardo Ibanez and Jake Greenbaum in a lawsuit by CryptoZoo non-fungible token buyers who claimed the project was fraudulent. Judge Griffin said to allow Paul’s bid, which would see the court rule against Ibanez and Greenbaum without a trial because they haven’t responded, “would undeniably result in inconsistent judgments.”…

Bitcoin price started a downside correction from the $123,200 zone. BTC is now consolidating below $120,000 and might attempt a fresh increase. Bitcoin started a fresh decline from the new all-time high near $123,200. The price is trading below $119,500 and the 100 hourly Simple moving average. There is a rising channel forming with support at $118,200 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might start another increase if it clears the $120,000 resistance zone. Bitcoin Price Hits Support Bitcoin price started a downside correction from the new all-time high at $123,200. BTC…

Ethereum has tested the $3,800 resistance four times, showing growing strength from buyers. Van de Poppe expects a brief dip before Ethereum shoots toward the $4,000 level. Bitcoin rallying toward $120,000 could spark Ethereum and altcoins into strong upward momentum. Institutions poured $1.39B into Ethereum ETFs this week, marking 11 weeks of inflows. Ethereum, the second-largest cryptocurrency with a market cap of $453 billion, has been testing a strong resistance level again and again, and it might finally be ready to break through. Meanwhile, crypto analyst Michael van de Poppe believes that Ethereum could soon hit $4,000, especially if Bitcoin…

Chainlink and the Blockchain Association launch a state-by-state scorecard to evaluate blockchain and tokenization readiness. Texas, Arizona, and Utah top the list as blockchain policy trailblazers in the United States. Chainlink has partnered with the Blockchain Association to launch the “Tokenized in America” initiative, highlighting how all 50 US states are approaching blockchain and asset tokenization. More than just an interactive map, the project is actually a kind of “national report card” that assesses each state’s readiness to adopt this technology, from how pro-crypto local legislators are to whether they already hold Bitcoin as a strategic reserve. Chainlink and @BlockchainAssn…

Aishwary Gupta, Global Head of Payments at Polygon Labs, said that COINS Act will establish the long-awaited clarity in crypto. Gupta insists Indian lawmakers to create a balanced tax regime that ensures compliance while encouraging innovation. The COINS Act was recently introduced in India by Web3 venture firm Hashed Emergent and policy group Black Dot. It wants to create clear rules for the crypto industry, focusing on stopping money laundering, protecting the right to hold your own crypto, and addressing privacy issues. Several industry leaders, including Aishwary Gupta, Global Head of Payments at Polygon Labs, have welcomed the proposal. Gupta…

Bitcoin continues to show resilience near all-time highs, and new on-chain data suggests there may still be room for the rally to extend. The price may still rise before hitting significant resistance, according to a July 17 analysis by CryptoQuant contributor Darkfost. The focus is on a subset of investors who purchased Bitcoin (BTC) in the past few months, referred to as short-term holders. A common way to track their behavior is through the Market Value to Realized Value ratio, which compares the market price of Bitcoin to the average price paid by these holders. The MVRV ratio is used…

For a week, at least, spot Ethereum exchange-traded funds outpaced their Bitcoin counterparts. The nine ETFs tracking ETH generated more than $1.8 billion in net inflows this week, continuing a 16-day positive streak, according to U.K. asset manager Farside Investors, as interest in the second-largest cryptocurrency mushrooms. The 12 Bitcoin funds added just $70 million in assets over the same period, with three of the five days showing net outflows for the funds. Bitcoin has historically been on top, but this week, Ethereum dominated crypto ETF flows. “Many [investors] own Bitcoin ETFs and are increasingly interested in diversifying,” Ric Edelman,…

With more than $250 billion in stablecoins now circulating, most of it backed by US Treasuries, assets like Bitcoin (BTC) are becoming a major aspect of global markets and capital flow. As regulatory concern mounts and the stakes rise, those who can mint at scale and move sizable capital into the ecosystem may become one of the pillars of a new financial era. According to Andrei Grachev, Managing Partner of Falcon Finance, a synthetic dollar protocol, the bar we put up for stablecoin infrastructure must therefore match that of traditional financial institutions: “If a stablecoin wants to operate at macro…

Following Bitcoin’s consecutive record highs earlier this week, Ethereum and altcoins are on the offensive. ETH has climbed above $3,100, while altcoins have also seen significant gains. While this rise reignited the enthusiasm in the market, cryptocurrency analysis company Santiment said in its latest post that investors showed intense interest in Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), PEP, PEPE and MicroStrategy (MSTR) on social media. Bitcoin (BTC): The word ‘BTC’ has been trending on Reddit, Telegram, and Twitter due to intense discussions about Bitcoin’s price movements, investment strategies, and market dominance. This signals an upward trend and increasing adoption. Bitcoin…