Author: NBTC
Japan’s publicly-listed early-stage investment firm Metaplanet Inc. announced its inclusion in the CoinShares Blockchain Global Equity Index (BLOCK Index), a globally recognized benchmark tracking the top public companies in blockchain and crypto. The inclusion in the CoinShares BLOCK Index marks Metaplanet’s debut in a high-profile blockchain equity index, the company’s CEO, Simon Gerovich, announced Monday. Aligning with its stated mission “to lead in the digital finance era,” Metaplanet is attempting to strengthen its international profile as well as its standing in the Asian crypto industry as it aims to attract more investors looking to tap into the region’s expanding market.…
Sundog, a meme coin on Tron, has seen its price spike sharply after a whale scooped up $2 million worth of the token. According to Lookonchain, on Sept. 12, a whale sold the native Tron (TRX) token and used the funds to buy the surging meme coin. Per the analytics platform, the whale withdrew 13.07 million TRX worth $2 million from Binance and, in one swoop, acquired 3.52 million Sundog (SUNDOG). A whale withdrew 13.07M $TRX($2M) from #Binance and bought 3.52M $SUNDOG in one transaction just now!https://t.co/XP5whshQPU pic.twitter.com/WggzVWxDz9 — Lookonchain (@lookonchain) September 12, 2024 SUNDOG price spikes sharply The price…
U.S.-listed Bitcoin exchange-traded funds have rapidly accumulated tens of billions in assets, reaching half that held by gold ETFs in record time. Since launching in January 2024, Bitcoin ETFs have attracted substantial inflows, totaling $23.89 billion and $70 billion in total net assets, per data from SoSoValue. By comparison, total net assets for U.S.-listed gold ETFs stand at $137.3 billion, according to the latest figures from the World Gold Council. That means that in just 10 months, spot Bitcoin ETFs have amassed over 50% of the assets held by gold ETFs, which have been around for two decades, Nate Geraci,…
VanEck’s Head of Research believes Ethereum is oversold and predicts renewed speculative interest will drive its market recovery. Ethereum (ETH), the second-largest cryptocurrency by market capitalization, has seen a 7.9% price increase over the past 24 hours. As of this writing, ETH is trading at $2,823 after a minor retracement from earlier gains. This recent uptick follows a year of underperformance relative to Bitcoin (BTC), with the ETH/BTC pair consistently reaching multi-year lows. However, recent market movements and analysis suggest a possible shift in Ethereum’s market dynamics. Weighing In on Ethereum’s Position Industry analysts have offered varying views on Ethereum’s…
Welcome to Latam Insights Encore, a deep dive into Latin America’s most relevant economic and cryptocurrency news from last week. In this edition, we examine how the Central Bank of Brazil has proposed a tax on the use of stablecoins for making remittances and how this might drive retail users away from regulated exchanges. Latam Insights Encore: If Applied, Brazil’s Stablecoin Remittance Tax Will Be a Net Negative for the Industry Sometimes, while taxation seems like the right step to take, more so when adopting the “same activity, same risk, same regulation” approach, the feasibility and the possible downsides of…
The tokenization of real-world assets on Web3 could unlock a $30 trillion opportunity. Major financial institutions like Franklin Templeton, Spiko Finance, and Hamilton Lane are adopting blockchain technology. The tokenization of real-world assets (RWAs) is emerging as a $30 trillion opportunity for the Web3 sector. According to a recent tweet, Polygon’s Proof of Stake (PoS) blockchain is emerging as a key player in this transformation. With a growing number of financial institutions embracing on-chain technology, PoS is rapidly gaining traction in supporting on-chain adoption and bringing liquidity to the decentralized finance (DeFi) sector. Tokenization of RWAs could be a $30T…
BlackRock’s spot Bitcoin ETF, the IBIT fund, continues to be a preferred option for financial investors. The fund attracted around $318 million in net inflows on Oct. 31 despite Bitcoin’s price falling 4% to $68,800. The inflow followed IBIT’s record-breaking performance of $875 million on Oct. 30, which exceeded its previous high of $849 million. The fund’s weekly inflows have now surpassed $2 billion, according to Farside Investors data. Valkyrie’s BRRR fund also added nearly $2 million on Thursday. In contrast, other ETF providers faced significant redemptions. Fidelity’s FBTC ended its two-week positive streak with over $75 million in net…
Staking could significantly boost the flow of investments into US-traded Ethereum exchange-traded funds (ETFs), according to Tom Wan, a former crypto analyst with 21.co. On Nov. 7, Wan pointed out that staking could help the funds reduce management fees, increase the overall amount of Ethereum staked, and provide more substantial incentives for investors. Wan noted that the absence of staking in Ethereum ETFs is currently a barrier to their success. Staking could be a “game changer,” enabling these ETFs to compete more effectively with Bitcoin ETFs. No US-based Ethereum ETFs currently include staking due to regulatory concerns. The US Securities…
Singapore Gulf Bank launches Bahrain’s first regulated, crypto-compatible corporate banking services, bridging traditional and digital finance. SGB provides seamless, secure digital asset management for corporate clients, positioning Bahrain as a MENA digital finance leader. Singapore Gulf Bank (SGB) has officially launched its corporate banking services, marking a historic milestone as Bahrain’s first regulated bank to provide comprehensive crypto-compatible banking services, according to EDB Bahrain. Supported by Singapore’s Whampoa Group and Mumtalakat, the sovereign wealth fund of the Kingdom of Bahrain, SGB is poised to change the space in financial services in the area. In an environment going more and more…
Ripple CEO Brad Garlinghouse recently took to the X social media platform to react to digital currency asset manager Grayscale launching an XRP trust. Garlinghouse expressed his apparent surprise and bewilderment with the help of a hilarious GIF that has gained traction within the XRP community. Fox Business first reported earlier this Thursday that Grayscale intended to roll out a closed-end fund for the cryptocurrency. This could be a stepping stone to eventually launching an XRP exchange-traded fund. The price of the controversial token has spiked by more than 5%. As reported by U.Today, Garlinghouse has repeatedly stated that the…