Author: NBTC
Investment bank Compass Point rated Robinhood Markets Inc. a buy, setting a price target of $61 in initiating coverage of the trading platform in a note Wednesday that highlighted increased average revenue for its 12 million crypto users alongside an improving U.S. regulatory environment.” Compass Point analysts estimated that Robinhood had an opportunity to generate $665 million from cross-selling to existing U.S. customers, including the potential to generate $150 million “from staking alone.” “HOOD’s crypto business has underearned for its size after taking a cautious approach to U.S. product expansion,” Compass wrote, noting that the company’s crypto revenue was “just…
This is a segment from The Drop newsletter. To read full editions, subscribe. Walrus is an upcoming decentralized-storage platform from Sui developer Mysten Labs that will offer programmable file storage for the gaming-focused L1 Sui, as well as devs on Solana, Ethereum, or other chains that also want to use it. Walrus is designed for large binary files, or “blobs.” Right now, there’s 833.33 TB in total storage available, with about 78,890 GB currently being used across more than 4.5 million blobs, according to Walruscan. That means Walrus could store videos, images, PDFs, or other files, as well as apps.…
Spot Bitcoin exchange-traded funds in the U.S. saw a sharp rise in outflows on Feb. 12 amid expectations of a more hawkish Federal Reserve stance on interest rate cuts. According to SoSoValue data, the 12 spot Bitcoin ETFs recorded $251.03 million in outflows—a 342% jump from the $56.76 million seen the previous day. Fidelity’s FBTC led outflows for the third consecutive day with $101.97 million exiting the fund, followed by ARK and 21Shares’ ARKB with $97.03 million. Additional outflows included: Bitwise’s BITB: $25.94 million BlackRock’s IBIT: $22.11 million Invesco Galaxy’s BTCO: $9.69 million Grayscale’s GBTC: $6.92 million Valkyrie’s BRRR: $3.71…
The decentralized exchange (DEX) sector continues to hold a significant share of the global cryptocurrency market. Recent data reveals that DEXs are thriving despite market fluctuations, with PancakeSwap maintaining its dominance as the leader in weekly trading volume. As of March 21, 2025, the total weekly trading volume for decentralized exchanges stood at a robust $45.37 billion. However, the sector has seen a 26.56% decrease in volume compared to the previous week. While the numbers indicate a slight decline, DEXs continue to outpace centralized exchanges (CEXs), holding a 25.54% market share. TOP #DECENTRALIZED EXCHANGES BY WEEKLY TRADING VOLUME #PancakeSwap #Uniswap…
Ethereum has been going through a terrible period of depreciation, as the price has been consistently making lower highs and lows. Yet, things might just be about to change. Technical Analysis By Edris Derakhshi The Daily Chart On the daily chart, ETH has been in a strong downtrend, breaking below the critical 200-day moving average and losing multiple key support zones. Prices have recently bounced from the $1,900 demand zone but face resistance near the $2,100 level. The 200 DMA, currently above $2,800, adds additional overhead pressure, making recovery attempts challenging. Meanwhile, the RSI is climbing from oversold territory, indicating…
Ark Invest CEO Cathie Wood, one of the earliest traditional financial investors in crypto, hopes to bring some of her company’s funds on-chain once the regulatory landscape allows companies in the U.S. to do so. “We think tokenization is going to be huge,” Wood said at the Digital Asset Summit in New York on Tuesday. “We’d love to be able to tokenize our Venture Fund (ARKVX) or our [Digital Asset] Revolution Fund.” “I think the regulations are starting to open up in a way that will allow us to do that. So we’d like to seize the moment,” she added.…
… And We Want You on Board! The IOTA Ambassador Program is officially live! ???? This is your chance to join a community of Web3 leaders, shape the future of decentralized tech, and level up your influence. Ready to make an impact? Web3 is all about people. It’s about community, collaboration, and innovation. If you’re passionate about decentralized technology, eager to share knowledge, and ready to make an impact, then we’ve created something just for you: the IOTA Ambassador Program. This initiative offers a chance to contribute, grow, and lead within the IOTA space, all while being recognized for the…
Square Enix has announced plans to wrap up its Web3 venture Symbiogenesis in July and discontinue its services. While the platform produced iconic role-playing games such as Final Fantasy and Dragon Quest, Symbiogenesis was predicted to be a hit blockbuster. The project was launched when the non-fungible token (NFT) market’s fatigue reached its peak in 2023, failing to meet the low expectations of players in the sector. The project began as a game where players could purchase NFT-based characters and travel across a mystery multi-chapter fantasy. The growing fatigue in the market was another factor, with the usual players burnt…
The total supply of stablecoins as of last month reached 214 billion US dollars. At the same time, the annual transfer volume stands at $35 trillion, twice that of Visa. According to a recent report by Dune, the number of active addresses jumped by 53% and reached a net of 30 million. Comparing the dominance of USDC and USDT, it appears that USDC’s market cap doubled to $56 billion due to recent MiCa and DIFC approvals. It also made partnerships with MoneyGram and Stripe. At the same time, USDT grew to $146 billion but is more focused on P2P remittances.…
CryptoPia is thrilled to announce its newest partnership with Digi Maaya. Digi Maaya, with the global shifting to the greater inclusion of digital finance, is set to bridge Web 2.5 with FinTech. In this way, the platform aims to enable fractionalization and tokenization, providing an effortless approach to financial assets. Through this innovative approach, users can participate easily in the world’s markets without considering their geographic presence. 🚀 Welcome to our new partner, @DigiMaaya Digital Asset Exchange & Bank! 🏦✨Bridging Web 2.5 & Fintech, DigiMaaya puts assets at your fingertips through fractionalization & tokenization, driving financial inclusion worldwide. 🌍💰🔹 Regulated…