Author: NBTC
sset manager ProShares submits filings for new XRP ETF products, including leveraged, inverse, and futures ETFs as the community anticipates regulatory shifts. This development coincides with the imminent departure of Securities and Exchange Commission (SEC) Chair Gary Gensler, who is set to resign on Jan. 20, 2025, aligning with President-elect Donald Trump’s inauguration. ProShares Files to Launch XRP ETFs Nate Geraci, president of The ETF Store, highlighted this surge in ETF filings, noting that multiple asset managers have recently submitted applications for crypto exchange-traded products. Among these, ProShares’ filings for XRP leveraged and inverse ETFs, as well as an XRP…
On Jan. 12, 2009, a groundbreaking milestone occurred that would forever change the landscape of digital finance. Satoshi Nakamoto, Bitcoin’s pseudonymous creator(s), performed the first peer-to-peer (P2P) transaction on the Bitcoin network. This historic moment at block 170 saw Satoshi transfer 10 BTC to computer scientist Hal Finney, making him the recipient of the Bitcoin first transaction. As was common in the early days, the transaction cost 0 BTC. 16 years ago today, the first P2P transaction occurred when Satoshi Nakamoto transferred 10 $BTC to computer scientist Hal Finney.This historic transaction established Hal Finney as the first-ever recipient on the…
Cardano (ADA) founder Charles Hoskinson proposed an idea of how Cardano (ADA) might benefit from launching a liquidity pool with its three largest USD-pegged stablecoins. About 85% of his followers supported the proposal for USDA, DJED and USDM stable cryptocurrencies. Cardano (ADA) community welcomes Charles Hoskinson’s idea of stablecoin-based liquidity pools Cardano’s (ADA) stablecoins USDA, DJED and USDM might be integrated into a rebalanced liquidity pool to make the blockchain’s liquidity healthier. Such proposal was shared by Cardano (ADA) inventor Charles Hoskinson yesterday, Jan. 31, 2025, with his 1 million followers on X. Should the community add to the annual…
Shiba Inu has teamed up with Astra Nova in an epic partnership that blends the meme-based cryptocurrency with AI-driven innovation. The partnership aims to revolutionize the Web3 space by combining artificial intelligence (AI), gaming, and community-driven projects. Key Features The collaboration fuses the strengths of both projects. While Shiba Inu will showcase its expertise in community engagement and decentralization, Astra Nova’s proficiency in Web3 integration and AI storytelling will come into play. Under the partnership, Shiba Inu and Astra Nova will leverage their collective strength to foster community-driven initiatives while exploring Web3 opportunities. The partnership will also explore multiple avenues…
Multiple market analysts say it is not unusual for Bitcoin to undergo a correction in the January that follows a halving year. This comes after BTC’s price has seen a 10% decline in the last few days. It has, however, marginally recovered to around $94,000 after falling from a peak of $102,300 on January 7. Historical trends of January dips after halving Bitcoin has seen more intense market corrections in previous halving years. After plunging more than 25% in 2021, the cryptocurrency gained 130% to record new highs around $69,000 later that same year. Before that, Bitcoin suffered a 30%…
Ethereum is gearing up for one of its most notable upgrades in early 2025 with the Pectra hard fork, a fusion of the Prague and Electra updates. This upgrade seeks to improve scalability, efficiency, and staking mechanisms while tackling persistent issues like high gas fees and validator limitations. Still, market participants are split on whether Pectra will be a game-changer or fail to deliver substantial price gains for ETH. Pectra to Bring Key Improvements to Ethereum The upcoming Pectra upgrade will introduce several Ethereum Improvement Proposals (EIPs) set to enhance network efficiency. One critical feature is account abstraction, which allows…
Shytoshi Kusama, the lead developer of Shiba Inu, has made a bold statement about the project’s trajectory. In a tweet exchange, Kusama assured that Shiba Inu would capture the attention of critics and investors long before the price reached the lofty $0.50 mark. Shiba Inu Will Grab Attention Way Before Price Reaches $0.50 Kusama’s confident statement came after a tweet from crypto investor Maserati Cam, who claimed he would only pay full attention to Shiba Inu if the token hit the $0.50 threshold. Notably, SHIB is currently trading at $0.000022, and reaching $0.50 would require an exceptional price surge of…
Data gathered from the first month of 2025 reveals that bitcoin mining revenue reached $1.4 billion for January, trailing last month’s figures by about $40 million. First Month of 2025—Bitcoin Mining Revenue Mirrors December’s Figures Statistics reveal that bitcoin miners secured about $40 million less than in December, marking the second most profitable month in the past nine months. Metrics sourced from theblock.co indicate that December generated $1.44 billion in revenue from the combined subsidy and fees. Approximately $39.38 million of the aggregate was amassed from onchain fees. Of the $1.4 billion recorded in January 2025, fees accounted for $20.37…
Just a few hours ago, bitcoin’s price was close to breaking above $96,000, but the bears took complete control of the market, and the asset dumped to its lowest level since November 26. The altcoins are in a state of freefall as well, with ETH beneath $3,100 and XRP under $2.4, while ADA, SUI, and many others have plummeted by double digits. The past week didn’t go well for the primary cryptocurrency, despite its positive start when it jumped above $100,000 on Monday and beyond $102,000 on Tuesday. In the next 48 hours, though, BTC slumped by more than ten…
Cryptocurrency analyst IT Tech has provided insight into the current market conditions of Ethereum, explaining the key trends in whale activity and price movements. According to IT Tech, Ethereum’s large trading volume (LTV) remains lower compared to previous bull cycles in 2017 and 2021. This suggests that the market is currently driven more by retail investors rather than institutional-scale transactions that usually signal speculative swings. While small increases in whale activity have been observed, these are not at levels that typically precede a major rally or significant sell-off. However, IT Tech warns that sudden increases in whale transactions are often…