Author: NBTC

Bitcoin price held steady at around $68,000 on Monday morning as global tensions eased following the mild Israeli retaliation against Iran and as odds of Donald Trump winning next week’s general election rose. The coin has soared by almost 30% from its lowest level in September. October and November are Bitcoin’s strongest months Bitcoin’s recovery could continue because October and November are its strongest months in the market. Data by CoinGlass shows that Bitcoin’s average return in October since 2013 was 21%. Its November returns have averaged about 465. The other top months for the coin are in February, March,…

Bybit is expanding yield opportunities for holders of its liquid staking token, bbSOL, by integrating several decentralized finance ecosystem. The crypto exchange, the second-largest globally by trading volume, announced the initiative on Nov. 15, highlighting new DeFi yield opportunities made possible through strategic partnerships According to the press release, Bybit is collaborating with platforms such as RateX, marginfi, and Save to bolster bbSOL, which recently reached an all-time high of $230 less than three months after its launch. You might also like: Bybit expands compliance with VASP license in Georgia Bybit has partnered with leveraged yield exchange RateX to introduce…

Ethereum faces struggles but continues to show promise due to growing adoption. Institutional interest in Ethereum remains strong despite its current challenges. Ethereum’s technical indicators suggest a positive future as its network use increases. Ethereum has faced difficulties in 2024, showing a 17% decline against Bitcoin . Despite these setbacks, the token’s role in the blockchain economy remains strong, supported by its growing community and continued development. So the question is, is Ethereum undervalued, or are the challenges it faces keeping its value down? Ethereum’s Struggles and Network Performance Ethereum deals with several issues that affect its performance in the…

Bitwise Asset Management announced that NYSE Arca has filed to list the Bitwise 10 Crypto Index Fund (BITW) as an exchange-traded product. The $1.3 billion publicly traded trust currently trades on the OTCQX Best Market. “Bitwise believes that ETPs are among the most efficient, convenient, and useful vehicles for providing crypto exposure,” said Bitwise CEO Hunter Horsley. “We remain committed to converting BITW to an ETP.” The conversion to an ETP structure offers significant benefits for shareholders, including improved efficiency, regulatory protections, and an arbitrage mechanism. This will allow the fund to trade more closely to its Net Asset Value…

VanEck, one of the first asset manager in the U.S. that offered international markets to its users, has made significant step to make it easier for the people to invest in the booming world of cryptocurrency. The firm has launched the VanEck Pyth Exchange Traded Note (ETN) which will simplify access to the Pyth Network on Solana Blockchain Technology and enable easy investment for the users. Asset management company VanEck has listed the VanEck Pyth exchange-traded note (ETN), on Euronext Amsterdam and Euronext Paris today. Pyth is the oracle on Solana. Previously, VanEck launched Solana ETN in the European market.…

The Kingdom of Bhutan, a Buddhist country in South Asia continues to stack Bitcoin holdings and now owns 13,380 Bitcoins worth $905 Million. The South Asian country has been quietly hodling and in the past 17 hours bought 3.33 (worth $225K, at the time of writing) Bitcoin from Foundry Digital. Additionally, a day ago, Bhutan was awarded 7.337(which is worth $497K) Bitcoin as a mining reward. Founder of Lyn Alden Investment Strategy. Lyn Alden pointed out Bhutan’s strategy for Bitcoin holdings and wrote on X, “Bhutan has a lot of hydro energy, so they’re just out here quietly mining bitcoin…

One of the recent large transactions on the Aave platform involved borrowing $1.5 million of USDT to purchase nearly 9,829 AAVE tokens. This trade was made a few hours ago, and this particular whale has been trading in AAVE and has bought as many as 75,493 tokens since the 13th of October, 2024. A whale borrowed 1.5M $USDT from #Aave to buy 9,829 $AAVE 3 hours ago.This whale is long $AAVE and has bought 75,493 $AAVE($11.57M) since Oct 13, with an average buying price of $153.https://t.co/PZwShBYABX pic.twitter.com/UxMKIReTQC — Lookonchain (@lookonchain) November 15, 2024 The total value held for AAVE is…

Ethereum circles are endlessly debating whether ETH should be seen as “money” in the same way bitcoin is embraced as a commodity currency. In a Devcon talk Thursday, Ethereum Foundation researcher Mike Neuder laid out his case for ether’s foundational attributes both as a permissionless and programmable asset, and as a resilient form of decentralized money. Neuder explored how ETH can serve as a secure, global currency— one with intrinsic safeguards for property rights, censorship resistance, and self-sovereignty across the multi-layered Ethereum ecosystem, eventually including its rollups. To explain Ethereum’s “permissionlessness,” Neuder referenced Hayek and Friedman on property rights, emphasizing…

Goldman Sachs has expanded its holdings in BlackRock’s iShares Bitcoin Trust (IBIT) to 12.7 million shares valued at $461 million, which represents an 83% increase from its previous position of approximately 6.9 million shares, according to a new SEC filing first reported by MacroScope. The recent increase in Goldman Sachs’ IBIT holdings greatly outpaces Capula Management’s approximately $253 million holdings. The firm is now the second-largest holder of IBIT, trailing only Millennium Management, which holds approximately $844 million in IBIT shares. The investment bank, which was added by BlackRock as authorized participants for its Bitcoin ETF, has also invested in…

In recent hours, a staggering 999,999,999 Dogecoin (DOGE), valued at approximately $169.2 million, was transferred from Binance to an unknown wallet, according to Whale Alert. This movement of such a large amount of DOGE has sparked speculation within the crypto community, as transactions of this magnitude are rare. Whale Alert reports: “999,999,999 DOGE worth $169,209,520 transferred from Binance to unknown wallet.” 🚨 🚨 🚨 🚨 🚨 🚨 🚨 999,999,999 #DOGE (169,209,520 USD) transferred from #Binance to unknown wallethttps://t.co/2tAYMPpOH9 — Whale Alert (@whale_alert) November 5, 2024 The size of this transaction, nearly one billion DOGE, suggests that institutional investors or large…