Author: NBTC
Coinbase’s S&P 500 debut forces index managers to buy in, validating Ark’s bold, research-driven bet and catapulting crypto into Wall Street’s financial mainstream. Ark Invest to Index Funds: You Can’t Ignore Coinbase Anymore Cathie Wood, chief executive of Ark Investment Management (Ark Invest), clarified her stance on crypto exchange Coinbase (Nasdaq: COIN) following its inclusion in the S&P 500 by addressing the distinction between active and index-sensitive investment strategies. “Well deserved recognition, Brian Armstrong and Coinbase!” Wood stated in a post on social media platform X on May 12. The executive added: While you probably agree that active managers should…
Tether, the company behind the $148 billion stablecoin USDT, plans to launch its U.S.-focused stablecoin later this year or early 2026 depending on the nation’s stablecoin legislation, CEO Paolo Ardoino told CNBC in an interview. “Realistically, it depends on the timeline of the final legislation on stablecoins, but we are looking at [launching the product] by the end of this year or early next year at the fastest,” he said. Ardoino said that the firm’s flagship USDT token is catered towards users in emerging markets with limited access to U.S. dollars, and the new offering would be a different product.…
Ben Hoffman, Chief Strategy Officer and Head of Consumer Products at Fifth Third Bank says the company is considering expanding its cryptocurrency business. This comes after establishing a small clientele that uses deposit accounts and payment features for tasks like sending payroll and collecting money, as US regulations became clearer. According to Hoffman, the Cincinnati-based lender is also looking into using stablecoins to help with cross-border transactions, which will help reduce expenses and improve the efficiency of value transmission. Fifth Third also aims to integrate with additional payment rails, allowing customers to trade digital assets and pay for crypto purchases…
Ethereum farming game Pixels is currently offering players the opportunity to earn a token airdrop by flirting with an AI-powered non-player character (NPC)—yes, really. Players have jokingly branded the experience as a “rizz-to-earn” mini-game, in the wake of the popular but fleeting play-to-earn and tap-to-earn game models. Players must load up Pixels and head over to Terra Villa before entering AiVeronica’s castle to purchase a key for 100 PIXEL tokens ($5). You can also buy one from the AiVeronica site for 77 PIXEL ($4), but the supply is close to running out. Then you’ll be able to enter the room…
Bitcoin price rebounded as high as $97,260 on Wednesday after initially retracing towards $94,000. Bitcoin’s latest volatile swings coincides with Asian geo-political tensions as the Indian military launches a missile attack on Pakistan. Coinglass data shows BTC breached a cluster of $734 million BTC short positions around the $95,600 level. Bitcoin price surged to $97,260 after initially retracing below $94,000 on Wednesday amid India’s missile attack on Pakistan, triggering market-wide volatility. Bitcoin wobbles under pressure for India’s military attack on Pakistan Bitcoin price climbed to $97,260 on Tuesday before swiftly retracing below $94,000 as geopolitical tensions exploded in South Asia.…
Crypto is storming into traditional finance as Coinbase’s CEO predicts 401(k) adoption, institutional momentum surges, and digital assets reshape retirement investing and market benchmarks. Crypto Crashes the 401(k) Party With Unstoppable Institutional Force Institutional momentum and the integration of cryptocurrencies into traditional financial frameworks are steadily transforming how digital assets are evaluated by both regulators and market participants. Illustrating this broader shift, Coinbase CEO Brian Armstrong offered two insights Tuesday via the social media platform X. The Coinbase executive first suggested that digital assets are approaching a tipping point in retirement investing, specifically in 401(k) plans. These employer-sponsored retirement accounts…
⚈ XRP whales bought around 900 million tokens in April, signaling possible bullish sentiment.⚈ The SEC delayed its XRP ETF decision, and short positions recently surged.⚈ Despite bullish buys, whale activity slowed, and a $68.7M transfer hints at selling. XRP whales seems to have retained a bullish outlook, despite some of the token’s recent challenges It appears that large accounts — those holding more than 10,000,000 tokens, have purchased approximately 900 million XRP over the past month, noted cryptocurrency technical analyst Ali Martinez, who shared his findings in a May 2 X post. XRP whales are not unanimous regarding the…
The legal entanglement between Ripple and the U.S. SEC took a new turn after Judge Analisa Torres denied a joint motion to modify the final judgment. This has raised serious questions about the future of their settlement. Meanwhile, Australian lawyer Bill Morgan has outlined six critical legal issues facing both parties. Judge Torres Rejects Motion Notably, on May 8, Ripple and the SEC jointly filed a motion seeking to amend key terms of a previously agreed-upon settlement. This included lifting a permanent injunction on Ripple’s institutional XRP sales and reducing a $125 million civil penalty to $50 million. However, Judge…
After Ethereum’s Pectra upgrade hit the mainnet on May 7, Base Network is sprinting, leveraging the fork to scale. In an interview with BeInCrypto, Jesse Pollak, Head of Base and Coinbase Wallet, explains how they are doubling on transaction throughput and pioneering smart wallet evolution. Base Eyes Doubling of Throughput With More Blobs Per Block The long-awaited Ethereum Pectra upgrade hit mainnet on May 7, unlocking powerful new features like EIP-7702 and increasing blob capacity to support rollup scalability. For Jesse Pollak, Creator of Base and Head of Protocols at Coinbase, beyond marking a new chapter for Ethereum, the upgrade…
Bitcoin ETFs saw $5.13 billion in inflows since mid-April, with BlackRock leading the charge. Along with it, Bitcoin whales have added over 81,000 BTC in the last six weeks, accumulating quietly. All eyes are on the upcoming FOMC meeting, with a 98% chance of unchanged rates. While everyone’s eyes are on the upcoming Fed decision on May 7, something much bigger might be happening quietly in the background. Since mid-April, billions of dollars have been flowing into Bitcoin ETFs — but that’s not all. Bitcoin whales have also been buying huge amounts of BTC, even though the market hasn’t made…