Author: NBTC
The tokenization of real-world assets on Web3 could unlock a $30 trillion opportunity. Major financial institutions like Franklin Templeton, Spiko Finance, and Hamilton Lane are adopting blockchain technology. The tokenization of real-world assets (RWAs) is emerging as a $30 trillion opportunity for the Web3 sector. According to a recent tweet, Polygon’s Proof of Stake (PoS) blockchain is emerging as a key player in this transformation. With a growing number of financial institutions embracing on-chain technology, PoS is rapidly gaining traction in supporting on-chain adoption and bringing liquidity to the decentralized finance (DeFi) sector. Tokenization of RWAs could be a $30T…
BlackRock’s spot Bitcoin ETF, the IBIT fund, continues to be a preferred option for financial investors. The fund attracted around $318 million in net inflows on Oct. 31 despite Bitcoin’s price falling 4% to $68,800. The inflow followed IBIT’s record-breaking performance of $875 million on Oct. 30, which exceeded its previous high of $849 million. The fund’s weekly inflows have now surpassed $2 billion, according to Farside Investors data. Valkyrie’s BRRR fund also added nearly $2 million on Thursday. In contrast, other ETF providers faced significant redemptions. Fidelity’s FBTC ended its two-week positive streak with over $75 million in net…
Staking could significantly boost the flow of investments into US-traded Ethereum exchange-traded funds (ETFs), according to Tom Wan, a former crypto analyst with 21.co. On Nov. 7, Wan pointed out that staking could help the funds reduce management fees, increase the overall amount of Ethereum staked, and provide more substantial incentives for investors. Wan noted that the absence of staking in Ethereum ETFs is currently a barrier to their success. Staking could be a “game changer,” enabling these ETFs to compete more effectively with Bitcoin ETFs. No US-based Ethereum ETFs currently include staking due to regulatory concerns. The US Securities…
Singapore Gulf Bank launches Bahrain’s first regulated, crypto-compatible corporate banking services, bridging traditional and digital finance. SGB provides seamless, secure digital asset management for corporate clients, positioning Bahrain as a MENA digital finance leader. Singapore Gulf Bank (SGB) has officially launched its corporate banking services, marking a historic milestone as Bahrain’s first regulated bank to provide comprehensive crypto-compatible banking services, according to EDB Bahrain. Supported by Singapore’s Whampoa Group and Mumtalakat, the sovereign wealth fund of the Kingdom of Bahrain, SGB is poised to change the space in financial services in the area. In an environment going more and more…
Ripple CEO Brad Garlinghouse recently took to the X social media platform to react to digital currency asset manager Grayscale launching an XRP trust. Garlinghouse expressed his apparent surprise and bewilderment with the help of a hilarious GIF that has gained traction within the XRP community. Fox Business first reported earlier this Thursday that Grayscale intended to roll out a closed-end fund for the cryptocurrency. This could be a stepping stone to eventually launching an XRP exchange-traded fund. The price of the controversial token has spiked by more than 5%. As reported by U.Today, Garlinghouse has repeatedly stated that the…
Ethereum co-founder Vitalik Buterin today retweeted threads by blockchain analyst Evan Van Ness, which build on Buterin’s posts about the future of Ethereum technology. Ness’s threads summarize Buterin’s points and make them easier for everyone to follow. A series of threads by @evan_van_ness summarizing the posts I wrote on the future of ethereum tech https://t.co/eiZNABzvYP — vitalik.eth (@VitalikButerin) November 7, 2024 In the series, Van Ness outlines Ethereum’s core technical roadmap, including ambitious goals like enhanced decentralization, reduced staking requirements, and faster transactions. The simplified format aims to make complex topics such as “The Merge” and “The Surge” more accessible.…
A Crypto whale named ‘Larpas’ has offloaded $3.15 million in stock shares within just one hour. Through this offloading, he intensifies his recent decision to wager heavily on former President Donald Trump winning the United States presidential election. This sell-off follows a $500,000 $USDC withdrawal from Binance only 20 hours earlier. Whale “larpas” is selling off all his shares betting on #Trump to win the #USelection!~$3.15M worth of shares have been sold in the past hour.Interestingly, just 20 hours ago, he withdrew 500K $USDC from #Binance to continue betting on #Trump to win the #USelection.Just 20… pic.twitter.com/ux122ZUe8C — Lookonchain (@lookonchain)…
Popcat meme coin rose more than 11% as Kraken announced listing for spot trading on Sept. 19. The POPCAT price reached highs of $0.67 and was trading higher at the time of writing. Solana meme coin Popcat (POPCAT) has traded higher after crypto exchange Kraken announced it would add spot trading support. The cat-themed meme coin, which also skyrocketed nearly 30% after the world’s largest crypto exchange Binance’s listing of the POPCAT perpetual contract, had notched a double-digit gain at the time of writing on Sept. 12. After Kraken announced it would add Popcat on September 19, 2024, the price…
The price of Ethereum (ETH) has risen significantly and has crossed the moving average lines. Ether has risen to $2,700 and is approaching the resistance of $2,850. Long-term analysis of the Ethereum price: bullish If Ether price recovers, the bullish momentum could carry it to a high of $3,400. The upward trend will continue up to the highs of $3,600 and $3,800. However, if Ether fails to break through the resistance of $2,850, it will fall and start a sideways movement below and above the moving average lines. In the meantime, ETH is testing the overhead resistance and trying to…
R3, an enterprise blockchain firm backed by some of the world’s largest banks, is looking for a buyer as the private blockchain market continues to dip. According to a Bloomberg report, the New York-based firm has also been exploring other strategic options, including a joint venture or selling a minority stake. Among the parties it has held talks with are the Solana Foundation, Avalanche blockchain developer Ava Labs, and Adhara, a blockchain firm targeting financial service firms. It’s an unremarkable end for a startup once seen as a trailblazer in enterprise blockchain products. In 2014, R3 was founded by a…