Author: NBTC
Spot Bitcoin (BTC) exchange-traded funds (ETFs) recorded over $5 billion in daily trading volume in the US on Aug. 5. This is the first time spot Bitcoin ETFs in the US have registered over $5 billion since mid-April. According to DefiLlama, BlackRock’s IBIT was responsible for nearly $3 billion in trading volume and managed to managed to increase its assets under management by $172 million. Fidelity’s FBTC moved over $858 million, registering the second most significant trading volume in the US. Despite an outflow of nearly $148 million, Grayscale’s GBTC trading volume surpassed $693 million, making it the ETF with…
Trader earns $3 million profit in 5 hours by sniping CAT token at launch. Sniping involves buying tokens early, capturing the best price before others. 318.87 billion CAT tokens bought for $1.46 million, sold for $4.45 million. The revival of crypto markets and the launch of numerous new cryptocurrency projects have provided daring investors with many chances to make millions in just a few hours, sometimes from just a few hundred or thousand dollars. This kind of achievement was recently highlighted by the blockchain analytics platform Lookonchain, which tracked a trade where a savvy trader made $3 million in profit…
Lawmakers have launched a joint investigation into the Securities and Exchange Commission (SEC), raising concerns that the agency may have engaged in politically motivated hiring practices, according to a Sept. 11 letter addressed to SEC Chairman Gary Gensler. The joint letter, signed by Judiciary Committee Chairman Jim Jordan (R-Ohio), Financial Services Committee Chairman Patrick McHenry (R-N.C.), and Oversight and Accountability Committee Chairman James Comer (R-Ky.), outlined specific concerns over political hiring within the SEC. The probe seeks to determine whether the SEC violated federal law by considering political affiliations in its hiring of senior employees, potentially compromising the agency’s impartiality.…
Telegram tap-to-earn game Rocky Rabbit has just over a week left before its RabBitcoin (RBTC) token launches on The Open Network, and one of the key stops on the roadmap to the airdrop was just added to the game: the Battle mode. Rocky Rabbit is a game built around imagery of beefy bunnies pumping iron and entering tournaments. But much like fellow Telegram game Hamster Kombat isn’t actually about fighting—it’s a crypto exchange simulator starring rodents—this “Battle” mode doesn’t actually feature any physical conflict at all. Despite the colosseum-like artwork, Rocky Rabbit’s battle mode is a game of chance: You…
In what was a very turbulent day for global markets, cryptocurrencies were among the hardest-hit assets, with Bitcoin falling 15%, its worst day since June 2022. This steep decline has reignited debate over Bitcoin’s reputation as a ‘safe haven’ asset and a hedge against market uncertainty. Bitcoin’s sharp decline followed a weekend of intensified selling across broad markets. The Dow Jones Industrial Average fell as much as 1,000 points on Monday, adding to Friday’s 611-point decline. Meanwhile, the tech-heavy Nasdaq Composite fell as much as 6% at one point. In this environment, Bitcoin dropped up to 17% of its value,…
On Thursday, Donald Trump introduced “The DeFiant Ones,” a decentralized finance (DeFi) initiative on his social media platform, Truth Social. Trump’s sons, Donald Jr. and Eric Trump, are spearheading the project. So far, the Trump family has not revealed much details about the new DeFi project. MAGA Meme Coin Surges However, Trump claims that the new project aims to challenge traditional financial institutions and empower the average American. “For too long, the average American has been squeezed by the big banks and financial elites. It’s time we take a stand—together,” Trump stated He also included a link directing followers to…
Hong Kong is considering new regulations involving the SFC and C&ED for OTC virtual asset trading services. The city has introduced strict penalties for unlicensed crypto exchanges. According to an exclusive report from the South China Morning Post (SCMP), Hong Kong is considering involving the Securities and Futures Commission (SFC) and the Customs and Excise Department (C&ED) in regulating over-the-counter (OTC) virtual asset trading services. This initiative comes as the city grapples with the challenges of managing the crypto industry. Following this, in February, Hong Kong authorities proposed a stringent scheme to address the issue of unlicensed crypto asset exchange…
Bitcoin and Japanese stocks look to stabilize amid rate cut talks. Institutional investors sold spot ETFs Monday. Bitcoin (BTC) zoomed above $56,000 early Tuesday amid a broader market recovery in Asia as bargain hunters stepped in after Monday’s steep price slide. CoinGecko data shows that BTC added 6%, its highest 24-hour price increase since May, triggering a wider market recovery. Ether (ETH) and XRP (XRP) added 8%, BNB Chain’s BNB rose 12%, and Solana’s SOL surged as much as 16%. The broad-based CoinDesk 20 (CD20), a liquid index of the largest tokens by market capitalization minus stablecoins, jumped 7.26% and…
Shiba Inu could witness a resurgence of increased burns from Shibarium following the launch of the much-anticipated Shiba Inu burn portal. The Shiba Inu ecosystem team recently implemented the launch of the dedicated Shibarium burn portal, one of the most anticipated developments among SHIB community members. The Crypto Basic disclosed this in a report last week, spotlighting the excitement within the community. The Prospect of the Shiba Inu Burn Portal Notably, the ecosystem team called the recently launched burn portal ShibTorch, stressing that it was designed to ensure a portion of the base fee from each transaction on Shibarium goes…
The New York State Bar Association (NYSBA) comments on the SEC v. Ripple’s ruling on XRP, highlighting its potential implication on the broader crypto industry. The association provided insight into the summary judgment decision of the Ripple ruling in a “House of Delegates Materials” report. Although the NYSBA published the report in June, it gained prominence within the XRP community after famous crypto enthusiast WrathofKahneman brought it to attention. Expert Highlights NYSBA Interpretation of Ripple Verdict According to WrathofKahneman, the NYSBA interpreted the Ripple summary judgment to imply that XRP is not inherently a security. The association also sees the…