Author: NBTC

According to SoSoValue data, the rebound of Ethereum spot ETFs was strong on November 21. The total net inflows in the market stand at 55.7113 million, and the outflows have ended in over a week of outflows. This change is an indication of a fresh interest in institutions in a turbulent altcoin and layer-1 asset environment. FETH ETF of Fidelity The largest inflow of an ETF is Fidelity FETH ETF which fetched 95.3989 million in a single day. The inflow exceeds the total inflow on all Ethereum ETFs, which demonstrates that Fidelity is successful in absorbing outflows of other issuers.…

Wall Street giant Citi (C) initiated coverage of crypto exchange OSL (0863) with a buy/high risk rating and a target price of 21.80 Hong Kong Dollars ($2.80), or 22 times projected 2025 price-to-sales. Citi said OSL is well positioned as a regulated digital-asset trading and payments platform, with strong growth prospects tied to institutional crypto adoption and stablecoin-related products. The bank projects revenue growth of 80%, 60% and 36% in 2025, 2026 and 2027, driven by payment finance (PayFi) expansion and a broader regulated market footprint. The firm’s analysts highlighted OSL’s regulatory-first strategy, noting its more than 50 licenses across…

Have you ever wondered how massive investors shape the cryptocurrency landscape? An Ethereum whale just made headlines by withdrawing another $65 million in ETH from Binance, showcasing relentless accumulation that could influence market trends. This move highlights the power of large holders in the volatile crypto world. What Does This Ethereum Whale Activity Mean? According to Onchainlens, this Ethereum whale purchased 24,000 ETH, valued at $65 million, from Binance. This transaction boosts their total holdings to 490,000 ETH, worth a staggering $1.35 billion. Moreover, this follows a similar $66 million acquisition just the night before, indicating a consistent strategy. Previously,…

Analysts at JPMorgan say that stablecoins have the potential to generate at least $1.4 trillion in demand for U.S. dollars by 2027, considering most of the market is backed by the currency. Summary JPMorgan has predicted that the U.S dollar will receive a $1.4 trillion boost in demand following the rising wave of stablecoin adoption. At press time, the stablecoin market is dominated by USD-pegged tokens, contributing to more than 90% of the total market cap. Tether’s USDT alone dominates the market by nearly 60%. According to a note from the bank, the rapid growth of the stablecoin market could…

Decentralized perpetuals exchange and Layer 1 blockchain Hyperliquid is rolling out a new upgrade for its HIP-3 system, the team announced in a Telegram post on Wednesday, Nov. 19. The upgrade, dubbed “growth mode,” is a permissionless mechanism designed to help HIP-3 deployers launch and attract early activity to new perp markets by slashing all-in fees by 90% or more. Rebates and volume contributions will also be at least 90% lower, the team said. Specifically, when growth mode is active, taker fees fall to 0.0045%–0.009%, instead of the usual 0.045% charged on Hyperliquid’s main markets. Traders who hit the highest…

Ethereum researchers and developers celebrated a major technical leap this week. After zkSync’s Airbender prover demonstrated it could generate a full Ethereum L1 block proof. While using just two RTX 5090 GPUs. The achievement, confirmed ahead of the Ethproofs Day event in Buenos Aires. It drew high praise from Ethereum co-founder Vitalik Buterin. He called it a “huge milestone” for the network’s scalability roadmap. Airbender Prover Pushes Ethereum Into “Gigagas” Territory According to Ethereum Foundation researcher Justin Drake, the zkSync team achieved real-time proof generation. While using a single consumer-grade machine running two 5090 GPUs. Drake described the setup as…

In a YouTube video released Wednesday, U.S. Sen. Bernie Sanders (I-VT) warned that artificial intelligence could erase nearly 100 million American jobs within the next decade, calling it an “issue of enormous consequence” that would deepen inequality unless lawmakers acted. His critique was based on a Senate report released on Monday by the Health, Education, Labor, and Pensions Committee’s minority staff, led by Sanders, outlining how robotics and AI could accelerate profits while undermining job security. The “Artificial Labor” revolution The video marked Sanders’ most recent call to protect workers against the threat of AI, calling out prominent tech billionaires,…

A stunning revelation from a former FTX creditor committee member has rocked the cryptocurrency world, alleging that potential billion-dollar rescue bids for the bankrupt exchange were deliberately blocked. These shocking claims suggest creditors may have lost out on massive recovery opportunities due to legal interference. What Did the FTX Creditor Actually Reveal? Arush, a former member of the FTX Unsecured Creditors Committee, dropped a bombshell on social media platform X. He stated that three major companies actively sought to bid for FTX’s assets but faced obstruction from the exchange’s bankruptcy law firm. This FTX creditor’s testimony contradicts official narratives about…

Ethereum spot ETFs recorded $55.71 million in net inflows on November 21, breaking an eight-day outflow streak. Summary Ethereum ETFs ended an eight-day outflow streak with $55.71M in net inflows. Fidelity’s FETH drove recovery with $95.4M inflows while BlackRock saw $53.7M out. ETH price stayed below $2,800, down 12.9% weekly and 28.9% over the past month. Fidelity’s FETH led the inflows with $95.40 million, while BlackRock’s ETHA posted $53.68 million in outflows, partially offsetting the gains. The ETF inflows failed to lift the Ethereum (ETH) price above $2,800. ETH has dropped 12.9% over the past seven days and 28.9% over…

Fed Board Member Michael Barr has taken a cautious stance regarding inflation and the monetary policy outlook in his recent statements. Barr noted that consumer spending has remained strong since the September meeting, while core personal consumption expenditures (PCE) inflation continues to rise. “The September rate cut was an appropriate decision, but the current policy rate remains relatively tight,” Barr said. However, he argued that the Fed should be cautious about further rate cuts given the uncertainty surrounding the inflation and employment outlook. Barr also addressed the new tariffs, stating that these measures may only have a “modest impact” on…