Author: NBTC

On-chain analytics firm Santiment has highlighted growth in nonempty XRP wallets. In a tweet, Santiment compares the growth of nonempty wallets among top market caps in the past six months, presenting the net change in this metric within the specified time frame. The number of nonempty wallets holding XRP soared to an astounding 5.2 million within the last six months, representing 7% growth. According to XRP Ledger services, an XRP Ledger explorer, the current count for accounts on XRP Ledger is 5,183,760, which holds a massive 59,778,941,576 XRP. Out of these numbers, a meager 1,939 addresses had zero balances. 📊…

Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. Right now, the world’s financial system operates under a veil of secrecy. Global banks currently undergo stress tests to examine whether they can withstand significant and sudden market downturns. But in some cases, regulators only require these exercises to take place once every two years—and the outcomes can be unacceptably opaque. You might also like: Regulating CEXs won’t stop bad actors: lessons from the FTX trial | Opinion It has only been 16 years since Lehman Brothers…

Spindl, a Web3 startup founded by Silicon Valley veteran Antonio Garcia Martinez, has launched what it bills as the first truly on-chain ad network. Like Web2’s off-chain ad networks, this one connects advertisers, publishers, and providers of so-called attribution services that track where customers come from. In this case, the “publishers” are providers of crypto wallets that increasingly resemble social apps, with news feeds and “discover” tabs. To be clear, the serving of ad content would occur off-chain as usual. But the advertisers would transfer funds for a campaign to a smart contract, which would release the money to the…

This week is critical for Ethereum. Because the SEC will announce its decision on spot Ethereum ETF applications. While the general consensus is that the SEC will not approve spot ETH ETFs, ETH whales have also taken action. According to Lookonchain’s post, the giant whale, which collected 120 thousand ETH at approximately $ 1,600, started selling profits. At this point, the whale, who deposited 15,000 ETH worth $46,000 million in Kraken, made a total profit of $171 million from his ETH investment. “A giant whale worth 120,874 ETH ($370.6 million) deposited 15,000 ETH ($46 million worth) on Kraken 3 hours…

While blockchain continues revolutionizing various sectors, tokenization has emerged as a method to register asset ownership securely on-chain, offering benefits such as efficient settlement, automation, transparency and smart contract functionality. Grayscale highlights MANTRA’s RWA efforts: Report In a recent report released by Grayscale Research, MANTRA (OM) has emerged as a prominent figure in the trillion dollar market of asset tokenization. We explore these trends in a new report. Tokens discussed include $AVAX $MATIC $XLM $SOL $OM $POLYX $ONDO $CFG $GFI $TRU $MPL $LINK $AXL & $BICO.Read it today: https://t.co/IrOolbzi26 (5/5) pic.twitter.com/LN3aaPcbKx — Grayscale (@Grayscale) April 26, 2024 While traditional financial…

A Russian court has sent a Finiko executive to prison for three years, after finding her guilty of helping to mastermind the biggest crypto scam in “post-Soviet history.” Per Izvestia, Liliya Nurieva, the former head of networks at Finiko, was handed a four and a half year term at a court in Vakhitovsky, Kazan on May 17. However, the court said it would consider the time she had already spent in pre-trial custody as “time served.” The judge rejected prosecutors’ requests to jail Nurieva for six and a half years. Finiko Crypto Scam: First Exec Jailed The media outlet explained…

Prom has announced an integration with Chainspot, an aggregator of cross-chain web3 solutions. This partnership is bound to increase the efficiency and usefulness of the Prom network for users. Through the use of Chainspot technology, Prom will facilitate easier cross-chain transfer and more efficient operations between protocols. This integration also shows Prom’s dedication to improving the blockchain industry and its goal of building a more interconnected and efficient blockchain ecosystem. Prom Integrates Chainspot Into the EcosystemWelcome @ChainspotIO, a powerful aggregator of cross-chain Web3 solutions, and a new member of Prom ecosystem of products.Chainspot brings seamless DeFi interactions to the table…

Mainland Chinese investors won’t likely get the green light to buy the newly launched Hong Kong-listed spot bitcoin ETFs, Bloomberg Intelligence analysts reported. This isn’t a surprise given China’s restrictive stance on crypto. Hong Kong’s spot bitcoin ETFs are a positive for the industry overall, but given its relatively small market may not have a huge impact. Bloomberg analysts expects roughly $1 billion inflows in the first two years. Investors in mainland China likely won’t be allowed to buy into the newly approved Hong Kong-listed spot bitcoin ETFs, analysts at Bloomberg Intelligence reported, weakening excitement over the funds even further.…

The final deadline for the first spot Ethereum ETF is Wednesday, May 23. This is when the SEC will approve or deny VanEck’s application. The Ark 21Shares spot ETH ETF application deadline is on the following day, Thursday, May 24, but what happens Wednesday will set the tone for the rest of the issuers. Other issuers waiting for a decision from the US regulator include Hashdex, Grayscale, Invesco Galaxy, BlackRock, and Fidelity. Approval Odds Not Looking Good On May 20, ETF Store President Nate Geraci observed that the SEC must approve both the 19b-4s (exchange rule changes) and the S-1s…

In a recent tweet, Ripple CEO Brad Garlinghouse expressed his admiration for the increasing drive and initiative shown by the XRP community in organizing and participating in community-led events. This acknowledgment comes as community-led events witness a surge in participation, indicating growing momentum within the XRP Ledger ecosystem. Garlinghouse expressed excitement at the increase in the amount of XRP community-led events this year, including the XRP Gold Coast event in March, as well as XRP Las Vegas and XRPL apex. “Very excited to see the number of XRP community-led events growing this year with XRP Gold Coast in March and…