Author: NBTC

Bitcoin rose above $93,750 today, hitting a new all-time high. Spot bitcoin ETF options are now live on Nasdaq. The product was rolled out in strong demand from traders. Bitcoin (BTC) made new highs on Tuesday as Wall Street rolled out its latest product, almost guaranteed to increase the exposure of the digital currency among financial institutions: options trading on spot bitcoin exchange-traded funds (ETFs). At press time, the top crypto was trading above $93,750, up more than 3% in the last 24 hours. This breaks its previous record of $93,450, set on Nov. 13. Meanwhile, the CoinDesk 20 —…

The cryptocurrency community is welcoming the dramatic shift in U.S. policy since Donald Trump took office, signaling an end to what industry leaders describe as years of “regulatory pressure” under the Biden administration. Early signs of the administration’s crypto-friendly stance include the appointment of David Sacks as artificial intelligence and crypto chief and the nomination of Paul Atkins, a longtime advocate of financial innovation, as SEC Chairman nominee. Insiders say these moves, along with the promised executive orders, could usher in a new era for the industry. One of the most anticipated changes is the reversal of debanking policies that…

DeFi Technologies, a publicly traded Canadian firm, has announced the launch of its subsidiary Valour Inc.’s new product—the Valour Dogecoin (DOGE) ETP—on the Sweden-based Spotlight Stock Market, according to a Nov. 26 statement. This marks the first Dogecoin ETP in the Nordics, giving investors a secure and simplified way to gain exposure to the popular digital asset. The Valour Dogecoin (DOGE) SEK ETP is designed to eliminate the complexities of directly owning digital assets. The fund charges a management fee of 1.9% while providing a cost-effective and streamlined way for investors to participate in the growing crypto market. Johanna Belitz,…

Let’s get one thing out of the way – The United States already holds more bitcoin than any government in the world. While this data is true, you wouldn’t exactly know this from the obscene amounts of FOMO being generated by industry lobbyists on social media. On X, BTC Inc CEO David Bailey, has been pushing for an Executive Order by President Donald Trump that would put this in place on day one, while Satoshi Action Fund founder Dennis Porter has been stoking state-level enthusiasm, pledging to get states active in purchasing before the federal government as some act of…

Robinhood (NASDAQ: HOOD) stock is back to a price last seen in September 2021, soaring above $45.81. This impressive comeback marks a new milestone for the fintech and trading platform, highly benefiting from renewed optimism on cryptocurrencies. Notably, HOOD closed the Wednesday session, on January 15, with a 30.31% premium from its initial public offering (IPO). The fintech launched itself to the United States stock market on July 28, 2021, trading at $38 per share. However, the following years after the IPO were truly challenging for Robinhood, going as low as $8 per share in multiple occasions, starting a shy…

Options trading for BlackRock’s exchange-traded fund (ETF), iShares Bitcoin Trust ETF (IBIT), started on Nov. 19 at Nasdaq and has already moved over $446 million in its first trading hours. Bloomberg senior ETF analyst Eric Balchunas remarked that the volume is “a ton” for a first day, with nearly 98% of trading contracts being calls. He added: “Seems very bullish, esp the Dec20th C100, which is basically betting price of btc [Bitcoin] will double in the next month.” A “call” in an option contract gives the right to purchase a security at a predetermined price, known as the strike price,…

As of this week, Sky, the decentralized finance (defi) initiative previously recognized as Makerdao, has witnessed its newly launched stablecoin, USDS, exceed the $2 billion threshold. Among the top ten stablecoins, it experienced the most significant expansion in supply over the past month. Sky’s USDS Climbs to Top Five While DAI Holds Its Ground Sky’s stablecoin, USDS, has recorded a 99% growth in supply over the last 30 days, according to stablecoin metrics from defillama.com. As a relatively new entrant to the stablecoin market, USDS operates alongside DAI and maintains a 1:1 exchange rate with it. Data from Sky’s website…

Ethereum saw an upswing, breaking through the $3,400 mark as the markets reacted to political waves leading toward a presidential inauguration. After struggling for a week, from Jan. 11 to 17, Ethereum (ETH) broke the downward movement, pushed past its last resistance level of $3,400 and is currently trading at $3,406.72 at the time of writing. Ethereum’s price breaks the $3,400 resistance, rallying to $3,424 as bullish momentum builds ahead of the anticipated Pectra upgrade and political developments. Source: crypto.news This market optimism is driven by speculations that President-elect Donald Trump would sign an executive order related to cryptocurrency when…

Scott Bessent walked into his Senate confirmation hearing today with one clear goal: to champion the radical changes coming to Washington. The billionaire investor and Donald Trump’s pick for Treasury Secretary didn’t waste time defending Elon Musk’s Department of Government Efficiency (D.O.G.E). Scott declared the department “absolutely essential” to the administration’s economic policies. The department, co-led by Elon and biotech entrepreneur Vivek Ramaswamy, is tasked with an impossible-sounding job: cut a third of the federal budget while keeping key programs like Social Security intact. Elon’s D.O.G.E plans to rewrite Washington’s rulebook Elon Musk’s D.O.G.E was born out of an October…

Video-sharing platform Rumble (RUM) is moving higher during afternoon U.S. trading hours on Tuesday after CEO Chris Pavlovski suggested an interest in adopting a bitcoin (BTC) treasury strategy. “Should Rumble add Bitcoin to its balance sheet,” asked Pavlovski on X. By itself, the question might have been considered little more than a playful tease, but it quickly drew a response from MicroStrategy’s (MSTR) Michael Saylor, who pioneered corporate bitcoin adoption. “Yes,” responded Saylor. “I would be happy to discuss why and how with you.” “DM’ing you now,” responded Pavlovski. Prior to the exchange, Rumble’s stock had been trading modestly lower…