Author: NBTC

Spot ether ETFs have failed to attract the same kind of demand as spot bitcoin ETFs. But that was a tall order, considering how immensely popular the bitcoin products have been. Headwinds include the lack of staking yield in the ETFs and a difficulty in marketing Ethereum to investors. For many investors, the performance of spot ether (ETH) exchange-traded funds (ETFs) has been disappointing. Whereas spot bitcoin (BTC) ETFs processed almost $19 billion in inflows in the course of 10 months, ether ETFs, which began trading in July, have failed to produce the same kind of interest. Even worse, Grayscale’s…

Crypto assets from collapsed projects like FTX and Terraform Labs—FTT, USTC, LUNA, and LUNC— are defying expectations with explosive price gains. This “zombie token army” is on the march, with FTX’s token, FTT, leading the charge, surging by 13% today to trade at $2.41. FTT Retests Yearly High Looking at its price action over the last seven days, FTT has nearly doubled in value, climbing from a low of $1.36 to a high of $2.7205. This is one of the highest prices the FTX token has reached this year. FTT’s rally was fueled by social media rumors suggesting that the…

Littio, a Colombian neobank, is enabling customers to access U.S. Treasury bills through crypto products. Littio is switching vault holdings from Ethereum (ETH) to Avalanche (AVAX) to scale the products. Launched in February, the vaults have already garnered $80 million in trading volume. It’s getting easier for Latin Americans to gain exposure to U.S. Treasury bills. Colombian neobank Littio is switching blockchain networks – from Ethereum (ETH) to Avalanche (AVAX) – for products, called Yield Pots, that allow users to earn interest on their U.S. dollar deposits. Why the change? Growing demand for Yield Pots is forcing the operation to…

Real Vision analyst Jamie Coutts believes that Bitcoin (BTC) and other digital assets may be about to break out of a bearish phase as the flagship crypto reclaims the $63,000 level. Coutts says that increasing global liquidity and a healthy crypto ecosystem suggest that the market correction may be reaching an end before the start of a year-long bull run. “I accept this may be premature given the state of the world geopolitically and the fact that technicals (price action) are still bearish. However, I suspect we are in the final throes of the big flush of the past months,…

Major Ethereum holders include the platform’s co-founder, exchanges, and a mainDeFi contract, emphasizing its versatility. Vitalik Buterin’s large stakes in Ethereum show he has not left the blockchain platform. The significance of the exchanges demonstrates that Bitfinex and Binance are indeed among the significant holders of Ethereum. Ethereum is the second largest cryptocurrency by market capitalization and its scenery is dominated by its top stakeholders. Several users dominate revenue generation in the Ethereum environment; those containing the largest ETH balances are Vitalik Buterin, Bitfinex 19, Robinhood, Binance 7, and the Wrapped Ether Contract. Their posts describe relatively new professions that…

According to the latest market updates, two fresh-faced crypto assets, moo deng (MOODENG) and hamster kombat (HMSTR), have faced some dips over the past 24 hours. While HMSTR had a rocky launch, MOODENG initially skyrocketed, but the meme token has since tumbled 45.6% below its highest value. Crypto Rollercoaster: Newly Launched Crypto Assets See Massive Fluctuations Last week, the spotlight was on the newly minted meme token, moo deng (MOODENG), as it shot up an impressive 1,400% during its debut week. However, seven-day stats now show MOODENG holding on to just a 187% increase. Inspired by the internet sensation, Moo…

Transak, a well-known fiat-to-crypto on-ramp platform, has announced its collaboration with MetaMask (a top-tier crypto wallet). This partnership aims to increase the accessibility of decentralized finance by simplifying the onboarding process for consumers to the Web3 sector. The platform took to its official X account to announce this development. DeFi should be simple, and that’s why @Transak is proud to be partners with @MetaMask, ensuring effortless onboarding to your favorite wallet! 💳 🙌🏻Hear from @LordRanzo, MetaMask’s Senior Product Manager, as he shares his insights on the strength of our ongoing partnership 💪🏻… pic.twitter.com/EGIpxPQRRx — Transak (@Transak) October 8, 2024 Transak…

Bitcoin (BTC) and the broader digital asset market are positioned for a strong rally following the Federal Reserve’s latest rate cut, according to Geoff Kendrick, head of forex and digital assets research at Standard Chartered. While the Fed’s decision to cut interest rates by 50 basis points is expected to provide sustained momentum for digital assets, Kendrick cites macroeconomic factors as the primary drivers behind the expected price increase, particularly as he believes these factors will outweigh the uncertainties surrounding the US presidential election in November. Bitcoin and other digital assets have been performing better since the Federal Open Market…

Ethereum price extended losses and tested the $2,320 support. ETH is now correcting losses and might aim for a fresh increase above the $2,420 resistance. Ethereum remained in a bearish zone and traded below the $2,360 zone. The price is trading below $2,420 and the 100-hourly Simple Moving Average. There is a connecting bearish trend line forming with resistance at $2,420 on the hourly chart of ETH/USD (data feed via Kraken). The pair must stay above the $2,350 support level to start decent increase in the near term. Ethereum Price Aims Upside Break Ethereum price failed to start a fresh…

IOTA will participate in the second cohort of the European Blockchain Sandbox Initiative. The protocol will play a key role in shaping blockchain adoption in the region. Open-source distributed ledger project IOTA was recently selected to join the second cohort of the European Blockchain Sandbox Initiative (EBSI). The European Commission established the EBSI to support applications employing Distributed Ledger Technology (DLT). IOTA’s Involvement in the EBSI Initiative The initiative provides a framework for blockchain initiatives and regulatory agencies to engage in open dialogue to identify and resolve legal and regulatory concerns. In its second cohort, the European Commission confirmed participation…