Author: NBTC

The announcement of Twenty One Capital’s formation last month was met with mixed reactions. While some saw it as another massive step toward institutional adoption, others grew weary that Bitcoin might fall victim to “Wall Streetization.” To better understand the reasons for optimism and apprehension surrounding Twenty One Capital’s launch, BeInCrypto consulted with Matt Mena, a researcher at 21Shares, and Mati Greenspan, CEO of Quantum Economics. Public Bitcoin Giant Emerges Amidst Mixed Reactions The unveiling of Twenty One Capital notably surprised both the TradFi and crypto space. This ambitious Bitcoin-native company, backed by industry giants and high-profile crypto enthusiasts, immediately…

It has now been two weeks that the price of Ethereum (ETH) fluctuates around 1,800 USD. While on one hand this may not seem like good news, especially for the holders, on the other hand it should still be interpreted as a good sign. In fact, this lateralization has at least the merit of having interrupted the descending phase. The descending phase of Ethereum’s price: 1,800 USD support or resistance? The first problem of ETH The competition of Ethereum 1,500 USD was the last bottom for the price of Ethereum (ETH) The descending phase of Ethereum’s price: 1,800 USD support…

Edwin Rojas Ulo, president of the Central Bank of Bolivia, stated that the institution is currently consulting with international organizations regarding the design of a currency referred to as the “virtual boliviano,” which would facilitate international settlements. Central Bank of Bolivia to Launch Digital Currency With International Settlements in Mind Bolivia, which initially banned the use of its financial system for purchasing cryptocurrency, is now planning to launch its own cryptocurrency as part of a push to modernize the country’s payment ecosystem. Edwin Rojas Ulo, president of the Central Bank of Bolivia, stated that the institution is currently in the…

In a push towards overhauling global trade systems, the IOTA Foundation and five prominent international organizations have launched the TWIN Foundation, an initiative aimed at making global trade more sustainable, transparent, and inclusive through decentralized infrastructure. Formed in partnership with the World Economic Forum, the Tony Blair Institute for Global Change, TradeMark Africa, the Global Alliance for Trade Facilitation, and the Chartered Institute of Export & International Trade, the TWIN Foundation will govern the Trade Worldwide Information Network (TWIN), an open-source infrastructure built on IOTA’s (IOTA) distributed ledger technology. The announcement was made on May 8 at the AfCFTA Digital…

Ethereum is set to undergo its highly anticipated Pectra upgrade tomorrow, and on-chain data suggests that validators are preparing to weather any market volatility. Despite ETH’s lackluster price performance over the past week, the drop in validator exit points to a sense of confidence among network participants. Ethereum Validators Hold Firm Ahead of Pectra According to Glassnode, Ethereum’s validator voluntary exit count has declined noticeably since May 1, signaling a drop in the number of validators choosing to leave the network. On May 5, only 238 validators exited the network — the lowest daily count of validator exits from Ethereum…

Korea’s crypto outflows hit nearly 57 trillion won in Q1, with stablecoins making up almost half as users move funds to overseas exchanges. Almost half of the cryptocurrencies sent abroad from South Korea’s major crypto exchanges in Q1 were dollar-based stablecoins, Democratic Party lawmaker Min Byung-duk revealed, citing data from the Financial Supervisory Service. According to Byung-duk, around 56.8 trillion won (around $40.6 billion) worth of cryptocurrencies were transferred overseas between January and March from five crypto exchanges: Upbit, Bithumb, Coinone, Cobbit, and Gopax. Of this amount, 26.87 trillion won, or 47.3%, was in stablecoins like Tether (USDT) and USD…

ArbitrumDAO has selected Franklin Templeton, Spiko, and WisdomTree as STEP 2 partners, allocating 35 million ARB to their tokenized U.S. Treasury offerings. The Arbitrum Foundation has announced that ArbitrumDAO will allocate 35 million ARB to tokenized U.S. Treasury offerings from Franklin Templeton, Spiko, and WisdomTree as part of the next phase of its Stable Treasury Endowment Program. Following a competitive request-for-proposal process that reviewed more than 50 applicants, the DAO approved the following allocations for STEP 2: 35% to Franklin Templeton’s FOBXX (tokenized as BENJI) 35% to Spiko’s USTBL 30% to WisdomTree’s WTGXX STEP is ArbitrumDAO’s flagship initiative to strategically…

Ethereum (ETH) faces a critical inflection point with two powerful catalysts converging on Wednesday, May 7. Traders are split on whether the “perfect storm” could spark a breakout or deepen recent price volatility amid mixed macro signals and waning confidence in Ethereum’s narrative. Ethereum Faces Volatile Crossroads: Pectra Upgrade and FOMC Converge The long-awaited Ethereum Pectra upgrade is only hours out. It is expected to introduce key enhancements such as EIP-7702 and a 2,048 ETH staking cap, improving Ethereum’s usability and efficiency. Combined with Fed Chair Jerome Powell’s potentially dovish tone, some believe this week could ignite a powerful rally…

After a strong 2024—where it posted $931 million in total commissions and $192 million in net profit—IPO-bound eToro now forecasts a lower Q1 net income between $56 million and $60 million compared to the same quarter last year, when it earned $64 million. Spending on Growth Hits Income The Israeli trading platform explained that the expected drop in net income was due to higher investment in marketing and growth. This was partly offset by a fall in share-based payment expenses. Adjusted EBITDA is also expected to be lower. eToro reported $87 million for the first three months of 2024, but…

Pudgy Penguins’ token, PENGU, has jumped to its highest level since February, rallying by more than 25% amidst a consistent rise in its NFT floor price over the past month. On May 8, the Pudgy Penguins (PENGU) token is leading the charge among meme coins as it is catapulted to its highest level since its January-February descent. Within the past week, it has become the highest gainer among Solana (SOL)-based meme coins, rising by over 28.6%. In the past month, the token has managed to skyrocket by more than 242%. On the meme coin leaderboard, it is currently ranked in…