Author: NBTC
Looking at a new post by senior Bloomberg ETF analyst, Eric Balchunas, one may say that he has seen it all. Market swings, ETF surges, panic-driven sell-offs. So when Bitcoin ETFs saw a staggering $1.8 billion in outflows last week, Balchunas was not exactly rushing to hit the alarm button. In his view, this is just another day in the world of ETFs, where movement is constant, sentiment shifts, and yet, the long-term trajectory remains up. What really happened? Well, Bitcoin exchange-traded funds saw a single-day withdrawal of $938 million – undeniably a big number. Fidelity’s FBTC took the hardest…
President Donald Trump’s announcement of a US crypto strategic reserve, comprising a basket of digital assets, has stirred debate among industry leaders. Many argue that Bitcoin (BTC) should be the sole reserve asset. This debate follows Trump’s executive order on digital assets, which directed the Presidential Working Group to establish the reserve. A Divisive Selection? Experts Debate Trump’s US Crypto Reserve According to the official announcement, the proposed crypto reserve would include Bitcoin, Ethereum (ETH), XRP (XRP), Solana (SOL), Cardano (ADA), and other digital assets. The initiative aims to strengthen the US as a global leader in crypto. Notably, the…
At HederaCon 2025, SWIFT unveiled plans to pilot large-scale digital asset testing in 2025, marking a significant milestone for blockchain adoption. The initiative builds on SWIFT’s prior experiments with digital assets and aims to explore real-world integration to streamline processes. In HederaCon 2025, SWIFT, the largest financial messaging network in the world, announced its plans to pilot large-scale digital asset testing in 2025. This marks an important milestone in blockchain use and real-time settlements of financial transactions. Moreover, netizens also see this as an opportunity for SWIFT to integrate Hedera (HBAR) for the same. SWIFT’s Plans Unveiled At HederaCon SWIFT…
Bitcoin’s price has been going through a significant drop over the last couple of days, losing a key support level. However, there is still a good chance for the market to rebound soon. Technical Analysis By Edris Derakhshi (TradingRage) The Daily Chart On the daily chart, the largest cryptocurrency has been dropping rapidly this week, breaking below the key $92K level and turning it into a resistance. Currently, the 200-day moving average, located around the $82K mark, seems to be the next target for the price. However, the RSI has entered the oversold region, indicating that the market is becoming…
A former Bank of England economist says there is “no customer demand” for the digital pound, calling it a costly project with unclear benefits. Ex-Bank of England economist appears to be highly critical of the digital pound initiative, saying it is a “costly, useless project” with “no customer demand.” Neil Record, writing in an op-ed for The Telegraph, argued that the push for a digital currency is more about protecting the central bank’s financial model than addressing any real public need. Record says “none of the reasons quoted [by the Bank of England] seems to me to be compelling enough…
Today, the Federal Register published WisdomTree’s spot XRP ETF, beginning a 21-day public comment period before the SEC review process. The regulator can extend the review by up to 90 days, with the entire process potentially lasting up to 240 days. Under this timeline, a final decision on WisdomTree’s proposal could come by October 24. During the public comment period, investors, financial institutions, and other stakeholders can provide feedback on the proposal’s feasibility and potential market impact. The SEC will evaluate the proposal’s compliance with securities laws, market integrity, potential manipulation risks, and investor protections. This publication follows similar filings…
From March 19th through the 28th, 2025, users via the KIS platform will have the opportunity to cast their votes. At least half of the creditors must vote in favor of the Scheme for it to be approved. Indian crypto exchange WazirX’s CEO Nischal Shetty has requested users to approve a restructuring scheme post the hack. At least half of the creditors must vote in favor of the Scheme for it to be approved. And each class’s value-weighted creditors must be present and vote for it to pass. Clearing Up Confusion About the RestructuringIf you have any questions, feel free…
On-chain market activity on the Bitcoin (BTC) network shows that whales have sold the coin massively in the last seven days. These large holders have offloaded 25,740 BTC onto the Bitcoin market. This is according to an update from crypto analytics platform IntoTheBlock. Whales cash out as retail investors step in Notably, these whales, which held between 10,000 BTC and 100,000 BTC, were behind the spike in Bitcoin sales over the past week. This suggests that Bitcoin whales took advantage of the recent price movement to sell off part of their holdings. Their action probably contributed to the ongoing market…
The U.S. Securities and Exchange Commission has closed its investigation into Yuga Labs, the creator of the Bored Ape Yacht Club (BAYC) NFT collection, without taking enforcement action, the company said on Monday. Yuga Labs had been under SEC scrutiny since 2022 over whether its NFT offerings and ApeCoin token distribution violated federal securities laws. The company welcomed the decision, calling it a “huge win” for the NFT industry. Yuga Labs did not immediately respond to Decrypt’s request for comment. The SEC has yet to answer questions on the reasoning behind its closure. The move comes as the SEC appears…
Eric Trump has a warning for Wall Street: adapt to crypto or go extinct. On Sunday, while traditional finance was off the clock, president Donald Trump announced the creation of a Strategic Crypto Reserve (SCR) for the United States, sending Bitcoin, Ethereum, and other cryptocurrencies soaring. Eric called the timing “genius” and took a shot at legacy finance. “Traditional finance better catch up, or it will quickly become extinct,” he said. “The world no longer runs on a Mon-Friday, 9 to 5.” Eric Trump speaking at the Student Action Summit, at Palm Beach County Convention Center in West Palm Beach,…