Author: NBTC

There’s been a change of guard at the rankings of the $3.4 billion tokenized Treasuries market. Asset manager Hashnote’s USYC token zoomed over $1.2 billion in market capitalization, growing five-fold in size over the past three months, rwa.xyz data shows. It has toppled the $450 million BUIDL, issued by asset management behemoth BlackRock and tokenization firm Securitize, which was the largest product by size since April. Market cap of Hashnote’s USYC and BUIDL over time (rwa.xyz) USYC is the token representation of the Hashnote International Short Duration Yield Fund, which, according to the company’s website, invests in reverse repo agreements…

Ethereum price extended losses and dropped below the $3,680 zone. ETH is down over 7% and is showing bearish signs below the $3,550 level. Ethereum started a fresh decline below the $3,680 zone. The price is trading below $3,550 and the 100-hourly Simple Moving Average. There is a key bearish trend line forming with resistance at $3,650 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue to move down if it fails to stay above the $3,650 support zone. Ethereum Price Drops Below $3,650 Ethereum price struggled to start a fresh increase above the $3,680…

The Bank of Japan (BOJ) kept interest rates unchanged at 0.25% during its Thursday meeting (local time), marking the third consecutive hold following similar decisions in September and October. The choice to maintain interest rates at their current levels was somewhat foreseen. A recent report from CNBC showed a narrow majority of economists predicted the BoJ would keep its rates unchanged at the conclusion of its December 19 meeting, although many foresee a possible rate increase in January based on economic indicators. The BOJ’s decision comes as the US Fed reduced its benchmark interest rates by 25 basis points on…

Popular transaction tracker Shibburn, which monitors SHIB transfers to dead-end wallets, has shared that since last morning, the SHIB army has been actively shoveling meme coins into the virtual furnace of zero wallets. Their actions over the last day have triggered a significant rise in the daily burn rate. This happened while the price of the second largest meme cryptocurrency, Shiba Inu, attempted to break out but failed to push through the resistance at $0.00002888. Burn rate jumps by 515% Data shared by the aforesaid source revealed that overnight, the SHIB burn rate skyrocketed by a massive 572.29%, with 72,847,617…

In a significant market-first move, Crypto.com has announced a major partnership with ALL – Accor Live Limitless, the global loyalty programme and booking platform of Accor Group. This collaboration will enable Crypto.com users to seamlessly convert their cryptocurrency holdings into Accor Reward points, opening a new avenue for utilizing digital assets for real-world travel experiences. Crypto Meets Travel Rewards The partnership allows users of the Crypto.com App, who are also ALL members, to convert over 20 supported cryptocurrencies, including Bitcoin ($BTC), Ethereum ($ETH), and Crypto.com’s native token Cronos ($CRO), into Reward points. These points can be spent across Accor’s extensive…

With Bitcoin briefly surpassing $100,000 and the S&P 500 posting its best year since 2019, Bank of America’s strategist warns of a potential market overshoot. U.S. stocks and cryptocurrencies are showing signs of overheating, with Bank of America Corp.’s Michael Hartnett warning of a potential “overshoot” in early 2025, Bloomberg reports. The S&P 500’s price-to-book ratio surged to 5.3 times in 2024, nearing a peak of 5.5 seen during the dot-com bubble in March 2000. Hartnett cautioned that if the index approaches 6,666 points — about 10% above current levels — the rally could overextend. Yet, despite this, the bank’s…

Ethereum (ETH), the second-largest cryptocurrency by market capitalization, has been a cornerstone of the decentralized finance (DeFi) ecosystem and a leading platform for smart contracts and decentralized applications (dApps). As of December 20, Ethereum is trading at approximately $3,410, showing a decline of about 10.6% from the previous close. Ethereum’s price dynamics have been influenced by several factors: Market Volatility: Recent market fluctuations have led to significant price movements in Ethereum, with intraday highs reaching $3,813 and lows dipping to $3,405. Regulatory Speculations: Hype surrounding the Ethereum-based exchange-traded funds (ETFs) in the U.S. has contributed to price volatility. Earlier this…

The Bank of England (BoE) has decided to maintain interest rates at 4.75% amid reaccelerating inflation in the UK, according to the minutes of the Monetary Policy Committee’s meeting released on Thursday. The decision to keep rates unchanged was made by a 6-3 vote, with three members advocating a 0.25% point reduction. UK inflation edged higher in November 2024, according to data released today by the Office for National Statistics. The Consumer Price Index (CPI) rose to 2.6% in November, up from 2.3% in October, marking the second consecutive monthly increase above the central bank’s 2% target. The Consumer Price…

Amid speculation that BlackRock may be preparing to launch an XRP ETF, an executive from the company has provided an update. Over the past few months, several XRP enthusiasts have been anticipating an XRP ETF filing from BlackRock. It all began after a fake XRP ETF filing from the company was filed on the State of Delaware website last year. At the time, the price of XRP skyrocketed tremendously, soaring by over 15%. However, BlackRock quickly refuted the report, emphasizing that the filing was fake. Ever since, several asset managers like Bitwise, Canary Capital, 21Shares, and WisdomTree have submitted separate…

Hex Trust, a prominent platform for virtual asset staking, custody, and market activities, has announced the release of HT Markets MENA. Hex Trust’s HT Markets MENA in Dubai aims to provide fiat on/off-ramp operations within Dubai’s jurisdiction, letting accredited and institutional investors access the regulated and secure digital asset market. The platform disclosed this development in its recent statement. Hex Trust Expands Services with HT Markets MENA Launch Hex Trust pointed out that HT Markets MENA launch reflects a notable development. It reportedly provides on and off-ramp services to Dubai-based users for fiat currencies. However, it delivers the respective services…