Author: NBTC
Nearly 70% of institutional investors holding Ethereum (ETH) are engaged in staking, with 52.6% of them holding liquid staking tokens (LSTs), according to a Blockworks Research report. Nearly half of institutional investors staking ETH prefer to use only one integrated platform, such as Coinbase and Binance. Meanwhile, 60.6% of the survey participants also utilize third-party staking platforms. According to the report, one out of five institutional investors surveyed had over 60% of their portfolio allocated to Ethereum or an ETH-based LST. The survey included exchanges, custodians, investment firms, asset managers, wallet providers, and banks. The report revealed that the key…
JPMorgan Chase, Wells Fargo, Bank of America and Citi are unloading billions of dollars in bad debt that they’ve given up on recovering. New earnings data shows the four largest banks in the country collectively recorded $6.9 billion in net charge-offs in Q3 of this year, primarily driven by credit card delinquencies and soured consumer loans. JPMorgan says its net charge-offs hit $2.087 billion in Q3, up nearly 40% from $1.497 billion registered in Q3 of 2023. Wells Fargo says its net charge-offs surged to $1.111 billion in Q3, an increase of nearly 54% from $722 million recorded a year…
In one block, the Cardano blockchain processed eight transactions for 1,600 recipients with a fee of just $2.38. This demonstration of scalability and availability was highlighted by Charles HOSKINSON, the creator of Cardano, when he reposted anX post originally published by Dedium, a Cardano-based GPU-based decentralized computing network. This demonstrates Cardano’s potential as a leading blockchain platform. The block that processed eight transactions achieved 80 TPS without the use of Hydra, Cardano’s scaling project. This project has fueled crypto investors’ optimism about the blockchain. User X commented that with additional scaling, Cardano could achieve even higher TPS. Cardano enthusiasts have…
How did the debate between Warren and Deaton expose deeper tensions within U.S. financial regulation, and could their opposing views on crypto play a role in shaping the Senate’s future? Table of Contents The classic face-off Crypto clash in Senate debate Crypto histories of Warren and Deaton What to expect next? The classic face-off The first face-off between Democratic Senator Elizabeth Warren and her Republican challenger, attorney John Deaton, on Oct. 15 night was anything but polite. Co-sponsored by WBZ-TV and The Boston Globe, the hour-long debate was a rollercoaster of policy clashes and personal digs, with the topic of…
Robinhood Markets is expanding its reach into the futures market by adding Bitcoin and Ethereum alongside oil and the S&P 500 index as part of its broader strategy to attract seasoned traders. A Robinhood spokesperson told Decrypt on Wednesday its futures offerings via its trading app is expected in the “coming months.” The offerings will include Bitcoin contracts, micro Bitcoin futures, Bitcoin Friday futures, Ethereum futures, and micro Ethereum futures, the spokesperson said. Micro futures are smaller contracts designed to make futures trading more accessible to retail and smaller-scale investors. The announcement was made during Robinhood’s first-ever customer conference, HOOD…
Egrag Crypto, a prominent market analyst, recently reiterated his positive outlook for Bitcoin, predicting a new all-time high of $173,000. He draws parallels with previous market cycles, emphasizing the significance of Bitcoin’s performance around the Fib 1.0 level, which has historically been a critical indicator for price movements. According to the analysis, previous cycles saw Bitcoin reaching new ATHs 151 to 365 days after confirming a monthly close above this level. If Bitcoin follows a similar pattern, the analyst forecasts a new peak could be reached as early as March 2025 or as late as October of the same year.…
Cryptocurrency analyst Benjamin Cowen is forecasting the likely trajectory of Ethereum (ETH) against Bitcoin (BTC) over the coming weeks and months. Cowen tells his 866,700 followers on the social media platform X that the Ethereum/Bitcoin (ETH/BTC) pair is “likely” to bottom out before the end of this year. According to Cowen, the ETH/BTC pair is unlikely to fall by over 20% from the current level. “If you were bullish on ETH/BTC at 0.08, but bearish on it at 0.038, then the market has completely tricked you. Yes, ETH/BTC could go lower, but the time to make the trade was 2…
The U.S. Federal Reserve is currently “attempting something unprecedented,” as inflation in the country has dropped by a whopping 5.8% over the last two years – the largest drop since the 1980s – to stand at 2.4% in September. According to the economics outlet Kobeissi Letter on the microblogging platform X (formerly known as Twitter), the drop is “even larger” than the decline seen during the 2008 Financial Crisis, and noted that in the past “such a drop has never been seen outside of recessions.” The interest rate cuts notably comes after the Federal Reserve “conducted one of the most…
Justin Sun, the founder of the Tron blockchain, moved millions in TUSD, a stablecoin pegged to the US dollar (USD), to various addresses, leading to speculation in the digital asset community about these transactions. Blockchain analysis platform Arkham Intelligence data showed, the wallet 0x9FC…c19Fe sent a total of 72 million TUSD to four different addresses, but Sun still holds 175.7 million TUSD tokens and $10 million in other cryptocurrencies like USDC, ETH, XCN, and HT. PeckShield, another blockchain analysis firm, was among the first to report the transactions. X user @EmberCN noted that Sun’s team had sent a total of…
The Federal Bureau of Investigations (FBI) announced Thursday that it has arrested a man and charged him over hijacking the Twitter (aka X) account of the Securities and Exchange Commission (SEC), using the account to tweet prematurely in January that the agency had approved Bitcoin ETFs. That false statement immediately led to a spike in the price of Bitcoin. Eric Council Jr. of Athens, Alabama was arrested Thursday and charged with the crime, with authorities alleging that the 25-year-old used a “SIM swapping” technique to take over a phone number and ultimately gain unauthorized access to the SEC’s Twitter account.…