Author: NBTC
The SEC will decide on Solana-based ETF applications from VanEck, 21Shares, Canary, and Bitwise by January 25, 2025. Grayscale’s application to convert its Solana Trust Fund into an ETF faces a separate deadline of January 23, 2025. Institutional interest in Solana rises, as multiple ETF filings reflect increased confidence in blockchain-based investment products. The U.S. Securities and Exchange Commission (SEC) is preparing to review several Solana-based ETF applications early next year. Sources have indicated that the regulatory body has accepted filings from four firms, with decisions expected by late January 2025. Multiple Institutions File Solana ETF Proposals Notably, VanEck, 21Shares,…
It’s that time again — time to sit around the Thanksgiving table and catch up with loved ones while you have Bitcoin on the mind thanks to its recent price action. Some see this time as an opportunity to convince said loved ones that they should get on the Bitcoin rocket ship because it’s headed towards the moon. My humble advice: Don’t be that person. As you’ve probably learned if you’ve been in the Bitcoin space for some time now, bitcoin’s volatility can be quite unsettling, and, therefore, it isn’t for everyone. In other words, convincing sweet Auntie Jane to…
Evan Van Ness, the founder of the popular Ethereum newsletter Week in Ethereum News (WiE), announced on social media that the newsletter will shut down following the Ethereum Foundation’s (EF) decision to withdraw funding. Van Ness stated that this decision was made after a conversation earlier this year with EF leadership, who shared that they no longer saw value in continuing WiE. Week in Ethereum News (WiE) Shuts Down So @WeekInEthNews has ended. Here’s why: https://t.co/WUjuqAuVtn pic.twitter.com/Xd01Go6Gjz — Evan Van Ness 🧉 (@evan_van_ness) January 1, 2025 As per the letter shared by Ness, in 2024, WiE received very little funding…
The Bitcoin Cash network now has an experimental, native-backed, over-collateralized stablecoin called “Moria” (MUSD). Within about one day, the decentralized, open-source protocol has seen over $25,000 locked on the network, with transactions occurring directly on-chain. As Cryptopolitan previously reported, smart contracts comparable to Ethereum can now be executed directly on the Bitcoin Cash chain via the May 2023 CashTokens upgrade. This upgrade enabled UTXO (unspent transaction output)-based smart contracts for minimal fees. In everyday language, it means cheap transactions can be done on layer 1, and not on a “second layer solution” like the Lightning Network (with BTC) or Rollups…
Shiba Inu lead Shytoshi Kusama reacts as popular Web3 game developer PlayFi Studios announces its upcoming arrival on Shibarium. In a tweet on Thursday, PlayFi announced it would integrate Shibarium to launch new play-to-earn (P2E) games for Shiba Inu community members. “Get ready for more fun on the Shibarium blockchain!” PlayFi announced. The upcoming partnership between PlayFi and the Shiba Inu ecosystem team will allow players to enjoy exciting games while earning digital rewards. This initiative further expands the utility of Shibarium, positioning it as a hub for Web3 gaming. Shiba Inu Lead Reacts PlayFi’s announcement comes in response to…
SOS, a publicly traded chinese company, has revealed a significant move to invest $50 million in Bitcoin (BTC) as part of its strategic plan to strengthen its blockchain and digital asset portfolio. The decision, approved by the company’s Board of Directors, reflects SOS’s confidence in Bitcoin’s role as both a store of value and a key strategic asset in the evolving digital economy. This investment plan arrives at a time when Bitcoin has been reaching record highs, currently valued around $93,000 per coin. With projections suggesting it could soon surpass $100,000, SOS’s investment aligns with the growing momentum in the…
Disclaimer: This is not investment advice. The information provided is for general purposes only. No information, materials, services and other content provided on this page constitute a solicitation, recommendation, endorsement, or any financial, investment, or other advice. Seek independent professional consultation in the form of legal, financial, and fiscal advice before making any investment decision. Ethereum is up 3.99% today against the US Dollar Ethereum is currently trading 7.97% below our prediction on Jan 07, 2025 Ethereum dropped -3.85% in the last month and is up 46.07% since 1 year ago ETH price is expected to rise by 10.67% in…
Hailey Welch, an influencer on social media, launched her own memecoin, Hawk Tuah, on Dec. 4. The cryptocurrency crashed from $500 million to $60 million in just 20 minutes post-launch. Hailey Welch, commonly known as the Hawk Tuah Girl on the internet, launched her new memecoin of the same name, $HAWK, on Solana on Dec. 4. The coin quickly took off, garnering a market cap of about $500 million, which then crashed to nearly $60 million, all within 20 minutes of launch. The news was further confirmed by Solana (SOL) on X. LATEST: @HalieyWelchX’s (Hawk Tuah Girl) newly launched token…
While Bitcoin (BTC) has been struggling with corrections in recent days, the minutes of the FOMC meeting were announced yesterday, indicating that the Fed will act more cautiously in reducing interest rates if the downward trend of inflation stagnates. While the FED, which made a 25 basis point cut in November, is expected to make a 25 basis point cut in December, data on Personal Consumption Expenditures (PCE), which the FED closely follows when making interest rate decisions and is accepted as a leading inflation indicator, were announced. Accordingly, personal consumption expenditures data for October were as follows: Core Personal…
Ethereum (ETH) investors seem to be confident that the cryptocurrency’s rebound above $3,400 could be the start of something better. This assertion could be attributed to their recent behavior, which has seen many holders refrain from selling despite a drawdown that happened recently. Will ETH price accelerate upwards? This on-chain analysis looks at the possibility. Ethereum Profit-Taking Dips, Bullish Sentiment Improves On December 30, the ETH price dropped below the $3,400 mark amid a short consolidation period. But as of this writing, the value has risen above that threshold. Findings show that Ethereum investors’ actions were vital in enabling it…