Author: NBTC
A widely followed trader and analyst is leaning bullish on Bitcoin (BTC) amid a double-digit rally over the past month. The trader pseudonymously known as Rekt Capital tells his 512,900 followers on the social media platform X that Bitcoin “has only just begun its parabolic phase in the cycle.” According to the pseudonymous trader, Bitcoin has typically stayed in the parabolic phase for approximately 300 days on average in every cycle. “Bitcoin is only on day 16 of its parabolic phase.” Bitcoin is trading at $97,465 at time of writing, up by around 45% over the past 30 days. On…
Over the past month, crypto ETFs experienced billions of dollars flow into them and significant outflows, making it easier for those who invest in these funds. However, these investment vehicles are not the same. In the past 30 days, the clear winner and other outstanding performers emerged. According to the latest data shared by Phoenix Group, in the last 30 days, overall crypto ETFs had a total AUM (asset under management) of $122.1 billion. However, the funds generally experienced a net outflow of $219.2 million during the same period. CRYPTOCURRENCY #ETFs OVERVIEW (30D)#iShares #FidelityWiseOrigin #Grayscale #ProSharesTotal Assets under management: $122.1BTotal…
Meme coins are rising again after the Thanksgiving holiday in the United States, with Dogecoin (DOGE) and other meme-themed tokens jumping as Bitcoin (BTC) tests a return to $99,000 after nearly a week spent below that mark. Dogecoin, the original and most valuable meme coin by market cap, is currently priced at $0.42, rising by 7% on the day per data from CoinGecko. DOGE last hit this mark on November 25 and had been below it in the days since. Like other meme coins, DOGE is famously volatile and can see wild daily swings. But it’s still up huge in…
The Federal Deposit Insurance Corp. will soon be under new management, and the senior Republican there, Travis Hill, has outlined some pro-crypto policy thoughts just before he’ll take over – at least on a temporary basis, if not as the permanent new chairman. FDIC Vice Chairman Hill, who is expected to be among those in contention for the job once President-elect Donald Trump takes office, is calling for the U.S. banking regulator to issue new guidance for digital assets. He wants to shed the agency’s current, one-by-one approach to directing banks’ cryptocurrency ties. “It has stifled innovation and contributed to…
Despite once denouncing digital assets, the former and future president Donald Trump is becoming increasingly associated with cryptocurrencies. Part of the reason for this perceived connection stems from the Republican President-Elect’s substantial crypto portfolio, whose value, at press time on January 10, stands at $11.42 million. The holdings themselves are interesting as there is but a handful of well-known coins and tokens among their numbers. For example, despite the bullish rhetoric about Bitcoin (BTC), Trump doesn’t hold any BTC. Donald Trump’s crypto portfolio revealed Instead of the widely recognizable digital assets, the incoming President holds Ethereum (ETH), wrapped Ethereum (WETH),…
January 10, 2025 – As discussed in our prior columns, the Securities and Exchange Commission (SEC) has pursued a multitude of enforcement actions concerning the purchase and sale of crypto assets. These matters have expanded to encompass a broad swath of activity and have engendered substantial uncertainty and criticism from members of the digital asset industry and beyond. Now, some states, nonprofits and industry participants have begun to proactively file lawsuits against the SEC seeking injunctive and other relief relating to a host of securities-related issues. The impact of these suits remains to be seen. There could also be seismic…
Kroma Network, the top stage 2 L2 on the Ethereum ecosystem, has announced its exclusive partnership with W3GG (a decentralized network for gamer talent). The partnership aims to transform the wider Web3 gaming landscape within the Southeast Asia. The platform provided the details of this collaboration in an exclusive X post. 💚 Kroma 🤝 @w3ggofficial 💛We’re thrilled to partner with W3GG, the exclusive partner of #YGG in Southeast Asia, to reshape the Web3 gaming landscape and onboard new users into the Kroma ecosystem.🎮Through this partnership, we’ll collaborate on initiatives to showcase… pic.twitter.com/VYqim3O4jU — Kroma (✳️_✳️) (@kroma_network) January 13, 2025 Kroma…
As of January 6, SoSoValue’s recent data update indicates that the daily net inflow for Bitcoin ETFs reached $987.06 million, while the cumulative total net inflow was $36.90 billion. The total value traded stood at $3.96 billion, as the total net assets for ETFs amounted to $116.67 billion, representing 5.77% of BTC’s market cap. On the other hand, US Ethereum Spot ETF’s total daily net inflow was recorded at $4.62 million. The cumulative total net inflow amounted to $2.64 billion, while the total net assets reached $13.25 billion. This accounts for 3.01% of Ethereum’s market capitalization, while the total value…
A Hail Mary filing by an appointee of Joe Biden’s outgoing presidential administration seeks to hold crypto wallet developers liable for any fraud or erroneous transactions impacting users—but the move is almost certain to be quashed once Donald Trump takes office later this month. The Consumer Financial Protection Bureau today announced a new proposed interpretive rule that would grant it the authority to regulate digital asset wallets as financial institutions offering electronic funds transfers. Doing so would allow the Bureau to hold wallet providers like MetaMask and Phantom responsible for fraudulent or erroneous, “unauthorized” transactions. The agency, which was created…
The developers of wholesome Telegram game Farm Frens and soon-to-launch strategy game Everseed have announced a snapshot date to determine eligibility for an upcoming airdrop. This comes ahead of its token launch on Ethereum layer-2 network Base, which is set for sometime in January. Farm Frens has carried the Telegram torch from games before it like Notcoin and Hamster Kombat, adding a FarmVille-esque spin on the genre. Players earn and spend in-game currency to expand and upgrade their farms, gradually progressing as they build up a potentially larger share of the future token airdrop on Base. 📸 FARM FRENS SNAPSHOT…