Author: NBTC
Bitcoin briefly surpassed $71,000 on Tuesday, boosted by sentiment around possible new bitcoin-based institutional product offerings. The London Stock Exchange approved a marketplace for trading BTC and ETH exchange-traded notes (ETNs) in May, which led to strong upside momentum for BTC, traders said. Projects linked to Coinbase Ventures recorded the most gains, with an average 10% increase, while the CoinDesk 20, an index of the biggest tokens, rose 4.47%. Bitcoin (BTC) briefly topped the $71,000 mark early Tuesday before retreating as market sentiment grew on new bitcoin-based institutional product offerings and demand from traditional desks. Crypto markets started rising on…
Book of Meme (BOME), a memecoin launched about two days ago, gained popularity in a short time and, interestingly, managed to exceed the market value of $ 1 billion. With this rise, the project was listed first on Bybit and then on the spot market on Binance today. The altcoin, which was launched as a memecoin project on Solana, introduces itself as follows on its official website: “Introducing BOOK OF MEME: an experimental project set to redefine web3 culture by bringing together memes, decentralized storage solutions and degen shitcoin trading. This experiment attempts to capture the ever-evolving meme culture into…
Caroline Pham, a CFTC commissioner, has publicly criticized her agency’s legal action against the crypto exchange KuCoin. The Commodity Futures Trading Commission, in collaboration with the U.S. Department of Justice, charged KuCoin on March 26 for unlawfully operating a digital assets derivatives exchange. The charge by the CFTC has sparked controversy, particularly regarding jurisdictional boundaries between the CFTC and its sister regulatory body, the Securities and Exchange Commission (SEC). “Owning shares is not the same thing as trading derivatives,” Pham stated, expressing concerns that the CFTC’s complaint conflates the concept of investment securities with trading activities. According to Pham, the…
The bitcoin spot ETFs accumulated over $15 million on Monday, snapping a five-day outflow streak. Inflows could gather pace as the quarter draws to a close, one analyst said. The Nasdaq-listed spot bitcoin (BTC) exchange-traded funds (ETFs) registered inflows totaling $15.4 million on Monday, ending a five-day run of outflows, according to provisional data published by investment firm Farside. Fidelity’s FBTC led the inflows, collecting $261.8 million, followed by BlackRock’s IBIT, which amassed $35.5 million. Other funds like BITB, BTCO, EZBC, and BRRR received between $11 million and $20 million each. Meanwhile, Grayscale’s ETF (GBTC) continued to bleed money, losing…
Data shared by the Shibburn tracker of burn transactions shows that since last morning, a substantial chunk of meme coins has been destroyed. Meanwhile, the Shiba Inu price continues rebounding after hitting a major high recently. Close to 30 million SHIB burned to ashes The aforementioned data source shows that within the last 24 hours, joined efforts of the SHIB army have helped to transfer a total of 28,709,351 SHIB meme coins to an unspendable blockchain address and out of the circulation supply for good. This has been achieved thanks to six transactions targeted at SHIB burn wallets. The largest…
Bitcoin, which dropped to the level of $ 60,700, showed a great recovery last night and exceeded $ 70,000 once again. BTC, which was at $71,200 at the time of writing, increased by 4.6% in the last 24 hours. While this increase was affected by the fact that spot Bitcoin ETFs recorded net positive inflows after the strong outflows they experienced last week, a positive report came from QCP Capital. At this point, QCP Capital analysts think that the rise in Bitcoin may continue. Because analysts said BTC may be preparing to break all-time highs and rise towards the psychological…
Hoskinson said that the speculations suggesting that Hydra has been abandoned are rumors. There will be new papers for protocol enhancements in the next weeks as per Hoskinson. Charles Hoskinson has dispelled detractors’ accusations that Cardano Hydra has been disbanded, referring to them as FUD, or Fear, Uncertainty, and Doubt. Charles Hoskinson, founder of Cardano, has said that the speculations suggesting that Cardano Hydra has been abandoned are baseless rumors. According to the founder, there will be new papers for protocol enhancements in the next weeks, and the Cardano ecosystem is having a fantastic time with the community. Productive and…
A federal judge has rejected Wyoming-based Custodia Bank’s argument that it is entitled to a Federal Reserve master account and membership with the Fed. Judge Scott Skavdahl, of District of Wyoming, denied Custodia’s motion for judgement on Friday, writing that federal laws do not require the nation’s central bank to give every eligible depository institution access to its master account system, nor did the provided evidence suggest that the Federal Reserve Board of Governors influence a regional branch of the Fed to deny its application for an account. Custodia sued the Fed in June 2022, arguing that the Federal Reserve…
Bitcoin (BTC) is back above the $70,000 mark after tumbling for 11 days with high price volatility. BTC is up by 5.4% in the past 24 hours and is trading at $70,500 at the time of writing. The flagship asset’s market cap is slightly above the $1.38 trillion mark with a daily trading volume of $42.7 billion. BTC price, whale activity, open interest, funding rate and RSI – March 26 | Source: Santiment Data from CoinGecko shows that Bitcoin’s price rally has brought bullish momentum to the global crypto market capitalization with a 5.4% increase — currently hovering around $2.83…
According to Spot On Chain, the on-chain platform for crypto analytics, Arbitrum (ARB) price dropped 11% amid a market downtime and a major unlock. In a post on X, Spot On Chain noted that six wallets that recently received tokens from vesting contracts deposited 8.95 million ARB, equivalent to $16.4 million to Binance. The $ARB price dropped 11% (12H) amid a market downtime and a major unlock!In the past 12 hours, 6 wallets, which just received tokens from vesting contracts, have deposited 8.95M $ARB ($16.4M) to #Binance.They still hold 32.95M $ARB ($56.7M) and may deposit out more tokens!… pic.twitter.com/165fOuMpvh —…