Author: NBTC

Crypto investment products reversed their recent outflow trends last week, with Bitcoin, Ether and Solana exchange-traded products (ETPs) recording significant inflows. Global crypto ETPs saw $3.3 billion in inflows last week, lifting overall assets under management (AUM) to $239 million, which nears the record high seen in August. Last month, crypto ETPs saw an all-time high AUM of $244 billion. The inflows came as underlying assets showed modest gains over the week. Bitcoin (BTC), which traded at $111,900 last Monday, rose 3.3% to $115,600 on Friday. Ether (ETH) went from $4,300 to $4,500 last week, a 4.6% gain in five…

London-based fintech firm LMAX Group has entered the leveraged crypto derivatives market, unveiling perpetual futures contracts tied to Bitcoin and Ether aimed at institutional clients. The exchange, which averages over $40 billion in daily spot volume across FX and digital assets, said the move was driven by client demand for high-leverage access to crypto markets, according to a Wednesday report by Bloomberg. “Perpetual futures have dominated the crypto market for the last three or four years,” LMAX CEO David Mercer said. “Our institutional clients, including top proprietary trading firms and brokers, are looking for that kind of exposure,” Mercer added.…

Key takeaways Ether has reclaimed the $4,300 level after briefly dropping to the $4,200 region on Tuesday. The second-largest crypto by market cap could now surge past the $4,500 resistance level in the coming hours. $4,200 support holds strong for Ether The cryptocurrency market has had a positive start to the week but experienced a flash dump on Tuesday. Bitcoin dropped to the $110k region, prompting Ether and other major cryptocurrencies to underperform. However, Ether defended the $4,200 support, with the coin forming a low at $4,211 a few hours ago. Ether, similar to Bitcoin, is now bouncing back from…

Helius Medical Technologies (HSDT) announced on Monday it’s raising more than $500 million in a private financing round to create a Solana-focused treasury company. The vehicle will hold SOL, the native token of the Solana blockchain, as its reserve asset and aims to expand to more than $1.25 billion via stock warrants tied to the deal, the press release said. The financing was led by Pantera Capital and Summer Capital, with participation from investors including Animoca Brands, FalconX and HashKey Capital. Shares of the firm rallied over 200% above $24 in pre-market trading following the announcement. Solana was down 4%…

Canadians just got a bold new way to earn passive income, as Coinbase unveils weekly 4.1% USDC rewards—paid automatically with zero lockups or restrictions. Coinbase Rolls out Weekly USDC Rewards in Canada Crypto exchange Coinbase (Nasdaq: COIN) announced on Sept. 16 that Canadians can now earn rewards on holdings of USD Coin (USDC). The company stated: “We are excited to announce the launch of USDC rewards in Canada, allowing Coinbase users to simply hold USDC and automatically earn 4.1% paid weekly.” The program delivers a 4.1% return on all balances, while Coinbase One subscribers can access an elevated 4.5% rate…

In a move that has captured the attention of cryptocurrency market watchers, a significant Matrixport ETH deposit recently landed on Binance. This large transfer, involving millions of dollars in Ethereum, sparks important questions about institutional activity and potential market shifts. Understanding such movements is crucial for anyone keen on the dynamics of the digital asset space. Unpacking the Significant Matrixport ETH Deposit Approximately ten hours ago, an address linked to Matrixport, a prominent cryptocurrency service provider, executed a substantial transfer. The transaction involved 10,000 ETH, valued at an impressive $43.77 million, which was moved to the Binance exchange. This data…

Pudgy Penguins mobile game Pudgy Party is a hit with fans of the Ethereum NFT collection—and we agree with the hype. This casual battle royale game takes the best elements from Epic Games’ Fall Guys, evolves on them, and adds a crypto twist. In many ways, the new mobile title developed by Mythical Games might be better than Fall Guys, as it adds lovable, meme-inspired characters with unique abilities to the game. On top of this, the mobile game has a satisfying and natural progression to it that is turbocharged by its use of NFT items sellable on the Mythical…

VS Capital expanded its integration with Centroid’s Bridge and Centroid Risk platforms to provide crypto CFD liquidity, improve routing, and adjust its commercial offering for institutional clients and broker partners. Centroid Solutions has also pursued partnerships to broaden its technology reach. It recently teamed up with EAERA to provide integrated tools for Forex brokers and proprietary trading firms. In a separate move, Centroid extended its collaboration with Match-Trade Technologies by linking its Centroid Risk system with the Match-Trader platform, adding risk management functions to an earlier Bridge integration. Andrey Stoychev, CEO at VS Capital, Source: LinkedIn Andrey Stoychev, CEO at…

BITF has taken off and the momentum isn’t fading. Is there a development the market’s quietly pricing in? Or is it time to re-rate the stock altogether? The following guest post comes from BitcoinMiningStock.io, a public markets intelligence platform delivering data on companies exposed to Bitcoin mining and crypto treasury strategies. Bitfarms Stock Surges – Re-Rating Phase Next? Bitfarms (Nasdaq: BITF) closed last week as the top-performing Bitcoin mining stock tracked by BitcoinMiningStock.io, posting a stunning 72.86% gain over a 5-day trading period. The rally began around September 9th and shows little sign of slowing at the time of writing.…

Charles Hoskinson, co-founder of Ethereum and now CEO of Input Output, has warned that Ethereum may not last the next 10 to 15 years. Hoskinson argued that Ethereum has become a “victim of its own success” and risks being outpaced by more adaptable blockchain systems. Why does Charles Hoskinson think Ethereum could fail? What’s Problematic With Ethereum? Hoskinson says Ethereum risks becoming too centralized. As more liquidity and users cluster around permissioned systems, the openness that blockchains are meant to provide gets lost. He warned that this trend could push Ethereum toward reliance on a smaller set of gatekeepers, making…