Author: NBTC
New numbers show retail investors bought billions of dollars in equity funds last week, as fears over the Chinese AI app DeepSeek triggered major market volatility. Data from Emerging Portfolio Fund Research (EPFR), Haver Analytics and Deutsche Bank shows traders specifically poured $6.5 billion in US technology sector funds in just seven days. Adam Kobeissi, founder and editor-in-chief of The Kobeissi Letter, says the tech sector boom is part of an overall deluge of capital into equity funds at large. “Total equity fund inflows reached ~$25 billion last week. Bullish sentiment is extremely strong right now… In fact, bullish sentiment…
Market commentators view Ripple’s acquisition spree, surpassing $250 million, as a strategic move to position the company and XRP at the forefront of the financial world. Austin King, co-founder of Omni Network, who sold his company to Ripple, is among those championing this perspective. In a tweet today, he argued that Ripple’s acquisitions are part of a broader strategy to expand XRP’s role in global banking. Ripple’s Key Acquisitions One of the standout acquisitions is Metaco, a provider of custody services for cryptocurrencies. Notably, news of this acquisition first broke in May 2023. Meanwhile, a subsequent report by The Crypto…
A wave of closures has hit South Korean crypto exchanges, with smaller firms exiting the market as regulatory compliance and banking access remain hurdles. South Korea‘s crypto exchange market is getting smaller, as new government data shows the number of registered virtual asset service providers has dropped since last year. A Feb. 7 report from the Financial Intelligence Unit revealed that as of press time, there are only 31 registered crypto trading firms in South Korea, down more than 26% from 42 last year, South Korean newspaper Dailian reports. The delisted companies include GDAC, ProBit, Huobi Korea, and Bitrade, among…
Cryptocurrency analytics firm CryptoQuant has expressed concern over the strength of Bitcoin’s recent move, citing the drop in funding rates as a signal of weak demand in the derivatives market. Funding rates, which measure the cost of holding a long position in Bitcoin futures, are considered a critical indicator of market sentiment and momentum. During Bitcoin’s recent rally, funding rates saw a noticeable increase amid the rally, indicating a delayed influx of demand from the derivatives market. However, funding rates have declined sharply since Bitcoin’s decline from the key $108,000 resistance level. CryptoQuant noted that this decline highlights two key…
After a Japan-US summit meeting in Washington D.C., Japan’s prime minister Shigeru Ishiba has expressed his intention to invest $1 trillion into the United States — an “unprecedented” level, according to the PM. The two statist figureheads also discussed the long-debated fate of US Steel, and will be strengthening bilateral military defense support. Japan’s new Christian, self-labeled “defense geek” prime minister (PM), Shigeru Ishiba, said at a joint press conference on Saturday (JST), that the Japanese government would increase investment in the United States to an “unprecedented” level of $1 trillion (approx. 150 trillion JPY). Ishiba praises US Steel investment,…
Solana has introduced Roam, a decentralized WiFi network designed to transform global connectivity. In an official announcement shared on Solana’s social media, the project aims to integrate over 1 million WiFi hotspots into a secure global network. Users will be incentivized with rewards for their participation and contributions. Solana to Revolutionize Connectivity with DeWi and DePIN According to its official website, Roam utilizes Open Roaming protocols, positioning itself as a leading innovation in the Decentralized Wireless (DeWi) space. The project reflects Solana’s dedication to redefining global connectivity. “Meet Roam — unifying 1M+ WiFi hotspots into a secure global network on…
$USDT, the top stablecoin issued by Tether, has recently made a remarkable achievement in terms of inflows sent to crypto exchanges. As per IntoTheBlock, the $USDT inflows to crypto exchanges have touched the staggering $2.72B mark this week, denoting the biggest figure since 2022. The blockchain analytics platform disclosed this development on social media. $2.72B USDT was sent to exchanges this week, the largest net inflow since 2022! This surge seems to coincide with the recent market dip that triggered widespread liquidations, potentially prompting traders to move stablecoins to exchanges for added collateral and to safeguard… pic.twitter.com/KmP36YWX9n — IntoTheBlock (@intotheblock)…
One of the secondary benefits of how the Lightning Network works as a scaling solution is privacy. It’s by no means perfect or undefeatable privacy, but it is a better than naive use of the base layer blockchain itself. It’s also not perfectly balanced. The sender learns a good many details about the receiver, but the receiver learns nothing about the sender. For casual payments it is a big improvement for consumers over on-chain payments. It does have one big problem though, something not unique to Lightning, but a problem for all onion routed systems. Global Passive Adversaries. That means…
Crypto.com has just listed Berachain, following a string of recent listings on several major centralized exchanges.Berachain (BERA) has officially been listed on the Crypto.com App, allowing users to purchase the token with USD, EUR, and over 20 other fiat currencies. This development adds another milestone for the fast-growing project, which has already secured listings on a few reputable centralized exchanges including MEXC, Upbit, and Bithumb. You might also like: Berachain mainnet launches on Bitget Wallet with airdrop rewards Following its Crypto.com listing, BERA hit an all-time high of $14.99. However, the price has since dropped by nearly 50%, settling at…
With bitcoin’s price dipping significantly below $100k again, the “buy the dip” cheerleaders are out in full force. But I’m here to offer a different perspective, which is simply: Don’t buy the dip. Before I continue, let me please make it clear that nothing that I write in this Take is investment advice. Why would I say such a thing? Is it that I hate bitcoin all of a sudden? No. I have other reasons for making such a statement. The first is that I’m trying to keep you from becoming exit liquidity for people like this: Don’t worry guys.The…