Author: NBTC

Bitcoin is rapidly losing ground as investors pull out billions of dollars from U.S.-listed spot ETFs. The world’s largest cryptocurrency fell to $74,305 early Saturday, its lowest level since April 20, according to CoinDesk data. As of writing, BTC was down more than 3% over the past 24 hours and approximately 10% below its recent high of over $82,500 reached on May 6. The sell-off accompanies a notable upswing in U.S. Treasury yields and parallel increases in government bond yields across developed markets, which are reducing appetite for high-risk, zero-yielding assets like bitcoin. Investors withdrew $1.26 billion from U.S. spot…

Ethereum ($ETH) price trades at $2,132 on May 22, holding flat after a small rebound off recent lows. The action masks a deeper split between two on-chain cohorts pulling in opposite directions. The price chart, whale supply data, and conviction holder behavior each tell different stories. Resolving the conflict points to one of two outcomes for Ethereum in the coming sessions. Price Pattern and Whale Exit Point to Downside Risk Ethereum has been trading inside an inverted cup and handle since March 29. The pattern is a bearish reversal formation where price climbs in a rounded arc before rolling over.…

Cross-chain infrastructure platform Squid has secured $6 million in a strategic funding round, with participation from Ripple, signaling growing institutional interest in blockchain interoperability solutions. The round was led by North Island Ventures, with additional backing from Dialectic and Borderless. Funding Details and Growth Trajectory This latest injection brings Squid’s total funding to $13.5 million since its launch in 2023. The platform has already processed over $6 billion in transaction volume, supporting asset transfers across more than 100 blockchains, including Bitcoin, Ethereum, and Solana. The company plans to use the new capital to accelerate development of a consumer-facing product designed…

Ripple recently minted $200 million worth of its $RLUSD stablecoin on the $XRP Ledger, while burning $100 million on Ethereum. The recent transactions, which have renewed conversations within the $XRP community, resulted in a massive supply shift for the Ripple USD ($RLUSD) stablecoin on both the XRPL and Ethereum. Key Points Ripple recently minted $200 million worth of its $RLUSD stablecoin on the $XRP Ledger. This marked the largest $RLUSD mint transaction on the XRPL in history. On the same day, Ripple burned $100 million worth of $RLUSD on Ethereum. The recent transactions pushed $RLUSD’s supply on the XRPL to…

Prediction markets are moving into new distribution channels faster than regulators can agree on what they are. This week, Polymarket pushed further abroad while questions grew over how it resolves disputed markets. Sporttrade began moving away from state sportsbook licenses toward the CFTC model. And the SEC slowed a wave of prediction market ETFs that would bring event contracts into standard brokerage accounts. The competition is now centered on which regulatory framework will shape the market’s next phase. Here’s what mattered this week. Polymarket Expands Abroad While Governance Comes Under Pressure Polymarket is continuing to push into international markets even…

KalqiX Mainnet launch is now live, and the project is making a clear bet on what many traders have wanted from decentralized finance for years: self-custody without the usual sacrifice in speed. With its Mainnet debut, KalqiX is entering the market as a high-speed CLOB-based DEX built around shared liquidity and exchange-style execution. That matters because one of DeFi’s oldest frustrations has not really gone away. Users often have to choose between deeper, faster trading on centralized venues and the control that comes with decentralized systems. KalqiX is trying to narrow that gap by combining a central limit order book…

Aegixe, a renowned blockchain security entity, has partnered with DeShare, a popular DeFi platform. The partnership attempts to improve security benchmarks covering the DeFi network. As per Aegixe’s official social media announcement, the joint effort is set to provide full-scale verification and auditing services for the smart contracts and blockchain infrastructure of DeShare. Hence, both platforms pay significant attention to security for the adoption and further growth of the advanced decentralized technologies. 🛡️ Aegixe × DeShare Security Partnership AnnouncedAegixe is proud to provide professional security services for @Deshare_finance.Security is verifiable, trust is transferable. We look forward to working with DeShare…

The U.S. Securities and Exchange Commission has approved Nasdaq to list cash-settled bitcoin index options on the Philadelphia Stock Exchange, opening a new derivatives gateway for institutional investors who want regulated bitcoin exposure without custody complications. Key Takeaways: SEC approved Nasdaq to list bitcoin index options on Phlx under ticker QBTC. Cash-settled QBTC contracts eliminate custody and assignment risks, broadening institutional bitcoin access. Trading cannot begin until the CFTC grants exemptive relief, as bitcoin is classified as a U.S. commodity. What Cash-Settled Means And Why It Matters The Securities and Exchange Commission (SEC) approved Nasdaq’s application to list European-style, cash-settled…

The cryptocurrency industry would lose much of its dynamism if Ethereum were to collapse, leaving a landscape dominated solely by Bitcoin and described as “incredibly dull,” according to Cos, the founder of blockchain security firm SlowMist. In a statement shared on X, Cos argued that while a failure of Bitcoin would likely spell the end for the entire crypto market, Ethereum’s demise would have a more contained — but still significant — impact. He suggested that if Ethereum were to fail, virtually every public blockchain running smart contracts would face similar challenges, effectively stripping the industry of its most innovative…

Hamilton ETFs filed a preliminary prospectus in Canada for an actively managed Bitcoin income exchange-traded fund (ETF) that would use leverage and short-term options strategies to generate yield alongside Bitcoin exposure. The proposed Hamilton Enhanced Bitcoin DayMAX ETF would use covered-call strategies and leverage capped at roughly 25% of net asset value. The strategy is designed to generate income by collecting premiums from short-term options contracts tied to Bitcoin (BTC) price movements. The fund is intended to combine Bitcoin exposure with monthly income generation. The company said the ETF would seek listing approval on Cboe Canada under the ticker symbol…