Author: NBTC
A cryptocurrency analyst and trader is saying Bitcoin (BTC) is on the verge of entering a bullish phase over the coming weeks and months. The analyst pseudonymously known as Rekt Capital tells his 88,100 YouTube subscribers that Bitcoin is “on the cusp of a breakout into the parabolic phase” after spending the past few months in a re-accumulation phase. According to Rekt Capital, Bitcoin’s parabolic phase lasts a predictable amount of time in every cycle. “So if we just see that 160 days after the halving is how long this re-accumulation phase lasts and we tend to see a bull…
The Bitcoin ETFs have recently seen a huge inflow worth 207 million dollars indicating the growing interest and confidence of investors. On the other hand, the Ethereum market is going through a totally opposite situation. ETFs have recorded outflows of $9.69 million – indicating a shift in investor sentiment away from Ethereum. Oct 8 Update:10 #Bitcoin ETFsNetFlow: +3,281 $BTC(+$204.7M)🟢#Fidelity inflows 1,639 $BTC($102.26M) and currently holds 179,565 $BTC($11.2B).9 #Ethereum ETFsNetFlow: -3,968 $ETH(-$9.69M)🔴#Grayscale(ETHE) outflows 3,711 $ETH($9.06M) and currently holds 1,640,928… pic.twitter.com/bdzDiL6xA9 — Lookonchain (@lookonchain) October 8, 2024 Here’s a little sneak peek into the current market condition: Bitcoin ETFs Total Net Flow…
A meme coin fund launched by Three Arrows Capital has come under fire for allocating around 84% of its tokens to wallets belonging to team members and insiders. A post by BubbleMaps blockchain analytics showed that more than 80% of 3AC’s meme coin fund, Three Arrowz Capitel, appeared to be clustered together into a few wallets belonging to insiders and team members. This has led to speculation from investors that the fund may be steeped in price inflation and manipulation tactics. An investment partner from L1D elaborated further in an article that he posted on X. According to onchain trails,…
Cathedra Bitcoin pivots from mining to data centers to increase bitcoin holdings per share, responding to industry pressures created by the bitcoin halving and low mining revenue. Metaplanet focuses on boosting bitcoin holdings per share monthly, resulting in a 587% increase in stock value year-to-date. Bitcoin (BTC) has emerged as a significant treasury asset for public companies, a trend catalyzed by MicroStrategy’s (MSTR) decision to incorporate bitcoin into its corporate treasury in August 2020, resulting in an over 800% increase in its stock value. According to BitcoinTreasuries.net, public companies hold approximately 354,316 BTC, about 1.69% of the total bitcoin supply…
Nearly half of hedge funds traditionally focused on standard asset classes now have exposure to cryptocurrencies, according to an article by Olga Kharif published earlier today by Bloomberg. According to Bloomberg, a recent survey by the Alternative Investment Management Association and PwC found that 47% of hedge funds investing in traditional markets have ventured into crypto assets this year. This figure represents a significant rise from 29% in 2023 and 37% in 2022. Of the hedge funds already involved in digital assets, 67% plan to maintain their current levels of capital investment, while the rest expect to increase their exposure…
Crypto exchange Backpack has announced the launch of US election prediction tokens– ‘TRUMPWINS’ and ‘HARRISWINS’. With these prediction tokens, traders will be able to bet on the results of the US election. Developed by Wintermute, TRUMPWINS represents Donald Trump’s victory, and HARRISWINS represents Kamala Harris’ victory. The price value of the token will fluctuate based on market sentiment and the likelihood of each candidate winning. Who will win the 2024 US Presidential Election? 🇺🇸 Predict the result by trading the outcome tokens developed by @wintermute_t, $TRUMPWIN and $HARRISWIN. Now listed on Backpack Exchange 🎒 pic.twitter.com/AweKCKoKU4 — Backpack 🎒 (@Backpack) September…
The U.S. Securities Exchange Commission has pursued a spate of lawsuits against prominent crypto exchanges and blockchain technology companies such as Kraken, Binance, and Ripple Labs in recent years. But, the agency’s latest target, Cumberland, isn’t exactly a household name. The Chicago-based market maker—charged on Thursday with acting as an unregistered dealer of securities among other securities-laws violations—is a major player on the crypto scene, and the case against it could have ripple effects for a wide range of crypto firms and traders. The company has denied any wrongdoing. Here’s what you should know about Cumberland DRW. What is Cumberland…
Since adopting Bitcoin into its financial strategy in April 2024, Japanese company Metaplanet has seen its stock value soar. The company’s stock has jumped by an impressive 443.2%, far surpassing other major assets. This sharp rise is largely credited to the company’s bold move to embrace the cryptocurrency standard, which seems to have boosted investor confidence and driven demand. NEW: 🇯🇵 Japanese public company Metaplanet stock performance after adopting the Bitcoin strategy.The #Bitcoin effect 🙌 pic.twitter.com/TYnRL1qLyc — Bitcoin Magazine (@BitcoinMagazine) September 19, 2024 Bitcoin’s Performance in Yen and Broader Market Trends Despite Metaplanet’s success, Bitcoin itself has dropped 10.1% in…
Ripple is rolling out a new suite of crypto storage services designed to help banks and fintech firms securely store and manage crypto assets, according to a new report from CNBC. The initiative is part of Ripple’s strategy to diversify its offerings beyond traditional payment settlement operations. Discussing the latest development, Aaron Slettehaugh, Senior Vice President of Product at Ripple, said the goal is to support the growing needs of businesses operating in the crypto and fintech sectors. “With new features, Ripple Custody is expanding its capabilities to better serve high-growth crypto and fintech businesses with secure and scalable digital…
A report from global investment bank Houlihan Lokey mentions innovations in cross-border payments, revealing Ripple as a growing challenger to SWIFT. A recent report from investment banking firm Houlihan Lokey discusses the improvements transforming the cross-border payments sector. The report, released in April as a Market Update, was recently spotlighted by XRP community figure WrathofKahneman (WOK). One of the observations pointed out by WOK is that Ripple, a blockchain-based payment solution, is emerging as a serious competitor to SWIFT, the dominant player in cross-border payments for decades. April market report on xborder payments from investment bankers Houlihan Lokey mentions #Ripple…