Author: NBTC
Nasdaq filed to raise the current options contract limit of the iShares Bitcoin Trust ETF (IBIT) from 25,000 to 250,000 contracts, representing an exercisable risk of 2.89%, according to a Jan. 6 SEC filing. According to the filing, the current limit represents only 0.4% of exercisable risk for the spot Bitcoin (BTC) exchange-traded fund (ETF). Jeffrey Park, head of alpha strategies at Bitwise, had previously stated that this is a low number. A contract limit caps the number of contracts that can be held on the same side of the market. Since it varies by ETF based on the number…
The crypto space may be moving beyond speculative cycles, as Pantera Capital highlights high on-chain activity, stablecoin adoption, and improving regulatory conditions. Venture capital firm Pantera Capital suggests that the crypto industry could be entering a new phase of growth, with signs indicating a shift away from speculative cycles. In a Feb. 11 research note seen by crypto.news, the firm cited on-chain fundamentals, a more favorable regulatory landscape, and macroeconomic trends as key factors driving this change. “There’s a possibility we are moving beyond the speculative boom-and-bust cycles of the early days and are now entering a phase of mass…
Goat Network has announced a strategic partnership with Zeepr to integrate its Bitcoin layer 2 scaling solution with Zeepr’s decentralized perpetual trading platform. Goat Network is a Bitcoin layer 2 scaling solution that strives to address Bitcoin’s yield generation obstacles and scalability challenges. On the other hand, Zeepr is a decentralized exchange (DEX) perpetual protocol that allows various mainstream financial products to be traded using crypto collaterals. https://t.co/9Cu0ikDEY9 — GOAT Network🟡 (@GOATRollup) January 10, 2025 Improved efficiency and scalability By using Goat’s Bitcoin layer 2 scaling solution, Zeepr’s decentralized perpetual exchange decreases transaction fees related to trading activities. These reduced…
Bitcoin has passed a major milestone in its crypto journey by reaching $100,000 per coin. While the market debates the factors behind this success, Anthony Pompliano, founder and CEO of Professional Capital Management, made bold statements regarding the future of Bitcoin in a recent interview. Pompliano, a longtime Bitcoin advocate, argued that BTC has become the “new S&P 500” and serves as a benchmark for investors. “If you can’t beat Bitcoin, you should buy BTC,” Pompliano said, noting the growing trend of younger investors who see Bitcoin as a key benchmark for portfolio performance. Unlike traditional indices like the S&P…
Major action in crypto in 2024’s final three months is expected to show up in the results of trading app Robinhood (HOOD). A surge in user activity leading up to and then following the election of Donald Trump in November has analysts expecting a 440% quarterly jump in HOOD’s cryptocurrency trading revenue to $345.5 million, according to FactSet. Shares of HOOD have soared 350% over the past year as retail traders have returned to the app in anticipation of a more favorable macro environment for stocks and crypto and are higher by 37% in just the first six weeks of…
The Shiba Inu ecosystem team announces an airdrop for TREAT and outlines steps for users to claim the highly anticipated token. Lucie, the marketing specialist of the Shiba Inu ecosystem, made this known in an X post yesterday. The announcement comes a few hours after leading cryptocurrency exchanges such as KuCoin, Bitget, and Gate.io announced the token’s listing. These platforms have already enabled deposits for TREAT, allowing users to deposit the token for trading, which is slated for January 14, 2025, at 11:00 AM (UTC). TREAT Airdrop In anticipation of TREAT’s launch, the Shiba Inu ecosystem team has launched an…
Bitcoin’s price has risen consistently over the past week, breaching the $100,000 mark and settling at $101,714. This 9% weekly growth reflects the resilience of the crypto king after weeks of consolidation. However, concerns linger as short-term holders begin to see significant profits, stirring fears of a potential market reaction. Bitcoin Investors Give No Hint Despite Bitcoin crossing the $100,000 mark, investor sentiment appears muted. Historically, Bitcoin’s price has often moved opposite to the expectations of the retail crowd. The current lack of euphoric buying or despair-driven selling indicates a cautious approach. This quiet sentiment contrasts sharply with past reactions…
A return to markets after the holidays and anticipation of Donald Trump’s inauguration as U.S. president is building bullish sentiment for bitcoin and the broader crypto market. The asset is up 10% in the past week, retaking the $102,000 level late Monday and reversing nearly all losses from early December. It fell from a peak of nearly $109,000 on Dec.17 to a local low of just below $92,000 on Dec.30, which momentarily sparked fears of a deeper downturn. The surge comes as U.S.-listed spot bitcoin exchange-traded funds (ETFs) raked in $987 million on Monday, their highest since Nov.21, data from…
Non-Playable Coin ($NPC), a meme coin project, has announced an exclusive development. As per Non-Playable Coin, it is introducing the Launchly project to redefine the monetization of internet culture, viral moments, and media along with their transformation into blockchain-driven assets. The platform disclosed this development on its official social media account. Big news, Grays!Introducing https://t.co/pwaZxpDJyg by $NPC: Easily deploy viral moments, music, and other forms of media and internet culture as coins using a variety of tools, from standard options to AI-powered solutions.Coming soon to @ethereum, @base, and @BNBCHAIN pic.twitter.com/hmsdRUqx78 — NPC (@NonPlayableCoin) January 10, 2025 Non-Playable Coin Unveils Launchly…
Stacks’ Nakamoto and sBTC upgrades revolutionized its network, enhancing speed, capacity, and Bitcoin utility for long-term adoption. Stacks fosters developer innovation with dApps like VelarBTC and BitFlow, backed by a resilient, supportive community. Recently expressing his ideas on why he is still optimistic about Stacks, crypto influencer Moneystack discussed the project’s accomplishments, effects on the Bitcoin layer 2 market, and bright future of Stacks. His observations offer an unambiguous story of why Stacks is likely to lead in Bitcoin utility and creativity. The reason I’m Still Bullish on Stacks 🧵 After my last post, some community members have asked “Have…