Author: NBTC
U.S. spot Bitcoin ETFs logged a third week of strong inflows as investor demand stayed high, helped by easing trade war worries after the U.S. struck a deal with a key partner and signaled talks with China’s president to improve ties. According to data from SoSoValue, the 12 spot Bitcoin ETFs brought in $921 million over the past week, dated from May 5-9. Notably, these investment products have been on a strong inflow run for three straight weeks, bringing nearly $5.8 billion. BlackRock’s IBIT led the pack again, bringing in over $1 billion last week alone, according to Farside data.…
This is a segment from the Supply Shock newsletter. To read full editions, subscribe. We’re still early when it comes to crypto, that much is clear. Some are just earlier than others. That goes for investors, users and, if we’re being generous, blockchain networks themselves. Today’s newsletter remembers one of the most expensive bets in Bitcoin history, at least only counting bets made outside of trading and investment contexts. Seven years ago, Bitcoiner Jimmy Song and Ethereum co-founder Joe Lubin made their famous gambit on whether Ethereum apps would gain a certain amount of traction over the next half-decade (with…
U.S. President Donald Trump’s crypto ventures, including the launch of his TRUMP memecoin in January, have complicated bipartisan efforts to get stablecoin legislation passed, Rep. French Hill, a lawmaker at the center of the industry’s crypto efforts in Washington, said Wednesday at Consensus 2025 in Toronto. However, Hill — chairman of the House Financial Services Committee, which recently released a discussion draft of a crypto market structure bill — said that there is still a strong bipartisan consensus around the need for crypto legislation, despite Democrats’ growing frustration with the potential conflicts of interest and the opacity of Trump’s personal crypto investments.…
Recently, a combined $340 million worth of Bitcoin (BTC) and Solana (SOL) were transferred to major U.S.-based exchange Kraken from two separate unknown sources. According to Whale Alert data, 1,544,974 SOL worth around $278.8 million and 500 BTC equivalent to at $51.9 million stunned Kraken within an hour of each other. Initially flagged as coming from “unknown wallets,” more sophisticated blockchain data from Arkham reveals that both transactions originated from previously identified institutional and exchange-linked addresses. Regarding the Solana transaction, data indicates that Kraken’s cold wallet sent funds to its own hot wallet – that suggests internal reallocation rather than…
BNB Chain has surged to its highest daily decentralized exchange (DEX) volume in three months, hitting $3.22 billion in trades on May 14, according to DefiLlama data. This spike marks a notable resurgence in on-chain activity for the Binance-backed blockchain, hinting at renewed market interest amid broader ecosystem developments and strategic protocol upgrades. A Resurgence in Trading Activity Crypto entrepreneur Elja Boom flagged the uptick in a May 15 post on X. While the volume is still far from its all-time high of $12.99 billion, registered on May 19, 2021, it represents an important turnaround after months of relatively subdued…
Ethereum price is heating up again in May 2025, rallying past several resistance levels after months of bearish consolidation. As traders eye the $2,700 mark, the charts offer strong signals on where ETH price may head next. Let’s analyze the current price action and determine if Ethereum price has the momentum to make a breakout or whether a retracement is on the horizon. Ethereum Price Prediction: What’s Fueling Ethereum’s Uptrend Right Now? Ethereum price is currently priced at $2,638.8, recording a strong daily gain of over 2%. This follows a breakout that started earlier this month when ETH decisively moved…
Cardano founder Charles Hoskinson has revealed a bold vision for Midnight, Cardano’s data protection-focused sidechain, saying it was “built for stocks on the blockchain.” Speaking alongside Midnight CEO Eran Barak in a May 1 conversation, Hoskinson emphasized that full privacy, programmability, and interoperability are essential to bringing traditional equities into the blockchain era. Midnight, developed by Input Output Global (IOG), uses zero-knowledge (ZK) cryptography to enable confidential smart contracts. Originally framed as a privacy-enhancing protocol, it’s now being positioned as a key infrastructure layer for real-world asset (RWA) tokenization, especially equities. “You need a private side, full programmability, RWA standards,…
Crypto exchange Coinbase and marketing firm Marden-Kane have agreed to pay a $2,250,000 settlement to resolve all claims in a years-long class action lawsuit brought by a disgruntled customer who partook in an allegedly “false and misleading” Dogecoin sweepstakes, court documents filed last week show. The settlement, if approved by the U.S. District Court in the Northern District of California, would compensate all of the exchange’s users in the U.S. who opted into the Dogecoin sweepstakes and traded $100 worth of the meme coin during a one-week period in June 2021. Launched alongside Dogecoin’s Coinbase trading debut, the promotion promised…
Ki Young Ju, CEO of crypto analytics platform CryptoQuant, revealed that all three major presidential candidates in South Korea support spot Bitcoin ETFs and institutional investments. This approach is expected to have a profound impact on the electoral process, despite the fact that Bitcoin ETFs and institutional investors are not currently allowed in the country. Currently, 100% of cryptocurrency trading is done by individual investors. Democratic Party candidate Lee Jae-myung and People’s Power Party candidate Kim Moon-soo are drawing attention with bold cryptocurrency promises unseen in previous elections to win over young and middle-class voters. Both major candidates today promised…
Prominent cryptocurrency tracker Whale Alert, which monitors large cryptocurrency transfers, has detected a large Bitcoin deposit made to Coinbase Institutional, the branch of the largest US-based cryptocurrency exchange that deals with financial institutions. It happened while the world’s largest cryptocurrency, Bitcoin, stage a growth large enough to push it above the $105,000 price level. $52,933,217 in Bitcoin shifted to Coinbase The aforementioned data source spread the word about a substantial amount of Bitcoin shoveled to Coinbase Institutional approximately four hours ago. The deposit carried 509 Bitcoins valued at $52,933,217 at the time of the initiated transaction. The transfer was made…