Author: NBTC
eToro Group Ltd said today (Monday) it is targeting a valuation of up to $4 billion in its initial public offering in the United States, as the retail trading platform finally moves ahead with its long-awaited New York flotation plans. eToro Group Ltd has started the roadshow for its planned initial public offering. The company aims to list 10 million Class A common shares. Half of these shares will be offered by eToro. The other half will be sold by existing shareholders. The IPO price is expected to be between $46 and $50 per share, with eToro aiming to raise…
Chainlink has unveiled a new rewards system to improve community engagement and network consistency. The initiative, called Chainlink Rewards, will distribute the project’s tokens to LINK stakers and other eligible participants. The program was developed in collaboration with decentralized data platform Space and Time (SXT) and will launch on May 8, 2025, with the first airdrop distributing 100 million SXT tokens. This is Chainlink’s first structured attempt to directly reward active participants with tokens from Build Program projects. The rewards mechanism connects Chainlink Build partners with participants who secure the network and actively participate in its operations. Space and Time…
Bitcoin (BTC) is up 3.6% in the last 24 hours, breaking above $100,000 for the first time since February 3. This surge has reignited bullish momentum across the market and pushed institutional interest back into the spotlight. From ETF inflows to massive corporate holdings, traditional finance is now driving the narrative around Bitcoin’s next move. As BTC eyes new highs, analysts are also watching key technical levels and a possible shift in dominance toward altcoins. Institutions Take the Lead as Bitcoin Eyes New Highs and Altcoins Awaken Bitcoin’s rally above $100,000 challenges long-held market frameworks and fuels widespread debate about…
Bitwise President Teddy Fusaro has opined that enterprise blockchain company Ripple can potentially buy a lot of cryptocurrency companies if it wants to. Fusaro has estimated that the company’s current XRP holdings are worth roughly $93 billion. As reported by U.Today, Ripple announced that it had agreed to acquire prime brokerage Hidden Road for a whopping $1.25 billion, which represents one of the biggest corporate purchases to date. Shortly after the announcement, Bloomberg reported that Ripple also approached USDC issuer Circle with a massive $5 billion offer. Circle, which is currently preparing for holding an initial public offering (IPO), reportedly…
Layer-1 blockchain Aptos saw an increase in new developer interest following the viral social media campaign from user BuzzlamicJihad. So much so that Ash Pampati, head of ecosystem at Aptos, told Decrypt that the Aptos Foundation would be “super open” to bringing the user onto its team. Aptos surged 17% in a single day in February, as BuzzlamicJihad’s unofficial “community takeover” of the network went viral on social media. Following Aptos Labs founder and CEO Mo Shaikh stepping down in December, the pseudonymous BuzzlamicJihad started to claim that his community takeover, or CTO, hadn’t been priced in. Over the coming…
A new report from the Bank for International Settlements (BIS) shows that Bitcoin and other cryptocurrencies are being used more during times of economic stress. This happens mostly in countries where inflation is high, it’s expensive to send money, or the government limits how much money can leave the country. People turn to Bitcoin and stablecoins like USDT and USDC when their financial systems stop working properly or become too expensive to use. This is especially true for small international payments. Crypto gives people another option when they can’t rely on banks or traditional money systems. A new BIS paper…
MSTR earnings came out May 1. My morning media stops last Thursday (here and here) asked for a preview. We don’t talk about stocks, so I planned to zoom out and hit themes. While preparing, I had to suppress the eye-roll reflexes that MSTR triggers. MSTR, of course, is the ticker symbol for MicroStrategy, or Strategy, as the company is now known. Strategy, fronted by Michael Saylor, pioneered the “bitcoin treasury” model that’s now been copied by Metaplanet and dozens of other companies. Strategy plans to raise $84 billion, according to its most recent announcement, across equity and fixed income…
Stellar (XLM), an open-source blockchain known for fast and low-cost cross-border payments, is drawing the attention of both retail and institutional investors in 2025. However, the concentrated distribution of XLM supply and its potential for real-world asset (RWA) applications present opportunities and challenges. What Does the Concentrated Supply and Rising Exchange Balances Mean? One major concern about Stellar is the concentration of XLM supply. According to Flipside Crypto, the top 10 XLM wallets hold approximately 25 billion XLM. The total circulating supply is 30.9 billion XLM, meaning nearly 80% of the supply belongs to a small group. XLM supply distribution.…
Malaysia’s largest national electric utility company, Tenaga Nasional Berhad (TNB), is helping authorities crack down on electricity theft tied to illegal crypto mining operations in the country, which it claims has jumped nearly 300% over the last six years. The surge in complaints “reflects increasing public awareness of reporting on illicit crypto mining activities,” according to a statement provided by TNB to local media on Monday. Of the 610 cases it first discovered in 2018, the number has risen to 2,397 cases by 2024, TNB said. The increase is attributed to unauthorized miners siphoning subsidized electricity through tampered or bypassed…
A new war just broke out on Wall Street, and this one doesn’t involve banks or bailouts—it’s a brutal face-off between Bitcoin maxis and gold bugs, and it’s being fought through exchange-traded funds. This week, Tidal Financial Group filed with the US Securities and Exchange Commission to launch two aggressive long-short ETFs. One will back Bitcoin while betting against gold, and the other will do the opposite. The firm is pushing these under its Battleshares brand, turning the never-ending pissing contest between crypto and metal into a market product. According to Bloomberg, the funds would give investors a loud, one-click…