Author: NBTC
China Asset Management has launched the first retail tokenized fund in the Asia Pacifi (APAC) region. Broadening Investor Base The Hong Kong investment firm China Asset Management recently launched a tokenized fund known as the China AMC HKD Digital Money Market Fund. The fund, which primarily invests in Hong Kong dollar (HKD)-denominated short-term deposits and money market instruments, is the first retail tokenized fund in the APAC region. According to a statement, the fund will be available through eligible distributors, including traditional brokers, banks and licensed virtual asset trading platforms. This is said to broaden the base of investors and…
Today, a prominent whale’s activity drew interest and curiosity across the cryptocurrency market. The whale unstaked huge amounts of Solana (SOL) tokens and moved the funds to exchanges, sparking rumors about a potential sell-off and effect on SOL’s price. Whale unstaked 1,366,028 SOL tokens According to data reported by Lookonchain today, the whale unstaked 1,366,028 Solana tokens (worth $198 million) and transferred them to the crypto brokerage platform FalconX. After depositing the funds into FalconX, he moved 40,202 Solana tokens ($62.6 million) to Binance and Coinbase. A whale unstaked 1,366,028 $SOL($198M) and transferred to #FalconX 7 hours ago.#FalconX has deposited…
U.S. Treasury Secretary Scott Bessent named Galaxy Digital regulatory counsel Tyler Williams to advise on digital assets and blockchain technology policy. Williams currently serves as head of Regulatory and Legislative Affairs & Regulatory Counsel at Galaxy Digital and also lectures part-time at The George Washington University Law School. He has previously worked with the government, most recently as Deputy Assistant Secretary at the Department of Treasury under Steven Mnuchin from 2018 to 2020 where he advised on digital assets. He also worked under Senator Thom Tillis in the U.S. Senate and under Congressmen Robert Hurt and John Boehner in the…
The rivalry between Ethereum and Solana has taken a new twist with the current outlook of the DEX metrics over the past month. According to data from DeFiLlama, Solana has retained the top spot per DEX volume in the past 24 hours. This volume comes in at $3.99 billion over this period. Solana edges out Ethereum again Solana has continued to dominate the DEX volume, despite a milder growth rate of 11% in 24 hours compared to Ethereum’s 29.24% rally. However, Ethereum recorded a lower DEX volume of $3.35 billion within the same period. Beyond the daily volume outlook, Solana…
After spending most of February trading within a range, Bitcoin (BTC) has broken below the consolidation zone, slipping under $90,000 for the first time since November. The leading coin now trades at $88,956. This downturn signals growing bearish pressure, raising concerns that the decline could extend further into March. Range-Bound or Breakout? Experts Weigh In According to Brian, lead analyst at Santiment, Bitcoin whales continue to reduce their trading activity, increasing the likelihood of a further decline in the coin’s value. “Bitcoin whales seem to have taken a bit of a breather and aren’t accumulating at the moment (mostly staying…
Analysts at State Street forecast that crypto ETFs will outgrow precious metals in North America by the end of 2025, cementing their position as the third-largest ETF asset class. Cryptocurrency exchange-traded funds are set to overtake precious metal in the United States by the end of 2025, making them the third-largest ETF asset class, behind equities and bonds, the Financial Times reports, citing a forecast by State Street. “We have been very surprised by the speed of growth of crypto. I expected there to be pent-up demand, but I didn’t expect it to be as strong as it was.” Frank…
Litecoin’s .LTC domains allow users to replace complex wallet addresses with memorable names, enhancing user experience and reducing errors in transactions. The .LTC domains enable users to access various Web3 applications, including decentralized apps, gaming platforms, and metaverse experiences, through the “Login with Unstoppable” feature. Litecoin has launched its own blockchain-based domain extension,.LTC, in partnership with Unstoppable Domains and the Litecoin Foundation. This new offering offers Litecoin users a simplified method to control transactions, create a distinctive digital identity, and access the wider crypto world. Litecoin Revolutionizes Crypto Transactions For more than ten years, Litecoin has been known for its…
Today, February 26, the United States Senate Committee on Banking, Housing, and Urban Affairs subcommittee on Digital Assets is hosting a hearing on “Exploring Bipartisan Legislative Frameworks for Digital Assets.” This hearing comes after Donald Trump made cryptocurrency a central focus of his second term, creating a working group in one executive order that was tasked with submitting a report that will “recommend regulatory and legislative proposals.” The Senate Digital Assets Legislation The chairman for this subcommittee is Cynthia Lummis (R-WY), who has been a significant promoter of crypto. She recently introduced a new stablecoin bill, the so-called GENIUS Act,…
Bitcoin Suisse, an institutional-grade crypto services provider, is expanding its digital asset offerings with access to four new tokens. In a March 3 announcement Bitcoin Suisse stated that its clients can now trade and custody The Open Network (TON), Optimism (OP), Ethena (ENA) and Ondo Finance (ONDO). The Zug, Switzerland-based firm confirmed that the new crypto trading and custody services are available immediately. TON, OP, ENA, and ONDO are among the top 100 cryptocurrencies by market cap, each serving different crypto ecosystems. Toncoin, the native token of The Open Network blockchain, is used for staking, governance, and transaction fees. It…
The cryptocurrency market has hit an exceptionally rough patch in recent trading with, for example, Bitcoin (BTC) collapsing $10,000 in just two days to its press time price of $85,811 — its lowest level since the Trump re-election rally started in early November. Given the sheer volume of selling that led to such a sharp decline, it should come as no surprise that financial institutions operating spot BTC exchange-traded funds (ETFs) have been offloading the cryptocurrency at a record pace, with February 25 alone seeing nearly $940 million in outflows. Is Bitcoin poised to rally after the massive selloff? The…