Author: NBTC
BlackRock has significantly increased its stake in its own IBIT Bitcoin ETF, according to its recent portfolio disclosure filed with the U.S. Securities and Exchange Commission (SEC). Now, it holds more than $77 million worth of IBIT in its Strategic Income Opportunities Portfolio. BlackRock Increases IBIT Bitcoin ETF Holdings According to the SEC filing registered today, BlackRock revealed that the firm held 2,140,095 shares of IBIT Bitcoin ETF in its Strategic Income Opportunities Portfolio as of September 30, 2024. These shares were valued at $77.3 million, a marked rise from the 88,000 shares reported as of June 30, 2024. This…
The Plume Network has recently announced an exclusive collaboration with Anchorage Digital. The partnership aims to revolutionize the asset management by the institutions with the provision of transparent and secure custody solutions regarding Plume tokens. The platform provided the details of this collaboration on social media. We’re pleased to announce our unique and industry-changing partnership with @Anchorage Digital Bank and Porto by Anchorage Digital, an institutional self-custody wallet built with the security and technology Anchorage Digital is best known for.Once tokens are live, for the… pic.twitter.com/AdQJxFUZ3f — Plume Network – RWAfi L1 (@plumenetwork) January 3, 2025 Plume Partners with Anchorage…
Ethereum has recently experienced a surge in buying activity, finding robust support at the critical $3.5K level, triggering a bullish rebound. Despite this recovery, the $4K resistance remains a significant barrier that ETH buyers aim to overcome in the mid-term. Technical Analysis By Shayan The Daily Chart Ethereum’s price action has been characterized by a notable rebound after encountering support at the decisive $3.5K level. This region served as a pivotal accumulation zone, fostering increased buying pressure and a subsequent upward surge. As the price climbs, the $4K resistance emerges as a critical psychological and technical barrier, requiring a decisive…
Prominent blockchain tracker Whale Alert, which monitors large cryptocurrency transfers, has spotted two transactions, which moved a substantial amount of XRP each. One of them was transferred to the largest U.S. crypto exchange, Coinbase. This increased whale activity has been spotted while the XRP coin continues to rise after it recaptured third place on CoinMarketCap. After a sudden 16% decline on Tuesday, when XRP dropped from $2.86 to $2.41, XRP has managed to recover 10% and is now changing hands at $2.56. $103 million in XRP transferred to Coinbase The data source mentioned above revealed that over the past eight…
The European Union (EU) is rolling out significant travel regulation changes starting in 2025, with new rules affecting the use of bank cards, cryptocurrencies, and crypto exchanges. Travelers heading to the EU should prepare for these adjustments to avoid disruptions during their trips. According to recent reports, the EU has updated guidelines regarding the use of bank credit, debit cards, and cryptocurrenices for those traveling to countries within the region. Certain cards may face restrictions or require additional verification measures to comply with the EU’s financial regulations. Travelers are encouraged to contact their financial institutions ahead of their trips to…
Bitcoin has observed a plunge under the $93,000 level during the past day. Here’s what the trend in an indicator suggests about what could be behind this downturn. Bitcoin Coinbase Premium Gap Has Gone Cold As pointed out by CryptoQuant community analyst Maartunn in a new post on X, the Coinbase Premium Gap has returned to neutral levels recently. The “Coinbase Premium Gap” here refers to an indicator that keeps track of the difference between the Bitcoin price listed on Coinbase (USD pair) and that on Binance (USDT pair). This metric essentially tells us about how the buying or selling…
A new proposal to hardcode the price of Ethena’s USDe to match Tether’s stablecoin USDT in Aave’s pricing feed has seen huge pushback from community members. The proposal, jointly authored by Chaos Labs and LlamaRisk claims to protect Aave users from secondary market fluctuations. According to the proposal, Chaos Labs and LlamaRisk, a member of Ethena’s risk committee, want to align sUSDe Oracle to USDT’s pricing. This would ensure seamless integration, and eliminate disruptions caused by transient price fluctuations in USDe. Aave is one of the biggest decentralized finance (DeFi) lending platforms, boasting a total value locked (TVL) of $37…
PEPE is seeing increased whale accumulation as price bounces near key level. The meme coin could explode amid further buy-side pressure. Pepe (PEPE) has recorded a notable increase in price amid bullish momentum. However, bulls could see another huge move as the surge in whale activity points to long term positioning. Per market data, the meme coin’s holder composition had a net inflow of 580 billion PEPE and an outflow of 534 billion PEPE on Dec.3. As the market trends indicate Pepe whale accumulation, this outlook suggests a potential impact on price as buying pressure mounts. PEPE whale activity According…
On New Year’s Eve, Ripple’s Chief Legal Officer (CLO), Stuart Alderoty, outlined basic principles advocating for a more refined approach to cryptocurrency regulation by the U.S. Securities and Exchange Commission (SEC) Alderoty’s Regulation Scope Details In his statements, Alderoty emphasized the importance of limiting the SEC’s jurisdiction to securities transactions while avoiding overreach into general asset sales without attached contractual rights or obligations. Stuart Alderoty outlined his expectations for a legally grounded approach to cryptocurrency regulation by the U.S. Securities and Exchange Commission in 2025. Stuart Alderoty shared the six principles that guide the SEC’s cryptocurrency regulation. In a post…
Bitcoin (BTC) can visit the zone below $88,000 before resuming its push towards the $100,000 threshold if further downside is registered, according to a Glassnode report. The report highlighted a critical “air gap,” as BTC’s rapid rally has left minimal trading activity between $76,000 and $88,000, creating an underdeveloped price range that could draw market focus if the current pullback persists. However, this price action is natural in price discovery phases, which often involve cycles of rallies, corrections, and consolidations to establish stable price ranges. Observing supply distribution during price discovery phases is fundamental to revealing supply and demand zones…