Author: NBTC

Nasdaq has submitted an updated 19b-4 form to the Securities and Exchange Commission (SEC) for BlackRock’s proposed spot Ethereum exchange-traded fund (ETF). BlackRock’s updated form, filed on Wednesday, follows the SEC’s request earlier this week for exchanges to revise their 19b-4s, which are critical in the approval process for rule changes necessary for the ETFs to go live. Yesterday, other ETF issuers, including Fidelity, VanEck, Invesco/Galaxy, Ark/21Shares, and Franklin Templeton, submitted their amended filings via CBOE. These amendments mark a significant step in the regulatory process for the potential launch of spot Ethereum ETFs. BlackRock’s filing notably states that the…

Prominent Shiba Inu ecosystem team member Lucie has identified the possible reasons behind SHIB’s recent price dump. Investors expected the prices of various crypto assets, including Shiba Inu, to surge tremendously shortly after the highly anticipated Bitcoin halving event. However, the reverse has been the case, as the broader crypto market continues to witness massive declines. Shiba Inu Dips 18.9% in 7 Days To put it into perspective, the global crypto market cap has slumped 4.8% over the past 24 hours to $2.2 trillion. In particular, the leading canine-themed token, Shiba Inu, has plunged 7.53% in the past day and…

Prime Minister Rishi Sunak set July 4 as the date for a U.K. general election that’s likely to see his ruling Conservative Party lose power. Conservative policy was to promote the U.K. as a hub for the crypto industry, while the Labour Party has not made its stance to the industry clear. A U.K. general election, which could see the crypto-friendly Conservative Party lose its governing mandate, will take place on July 4, earlier than expected. The Conservative Party has said it wants the U.K. to be a crypto hub and has been instrumental in passing legislation recognizing digital assets…

Despite Bitcoin.org offering Bitcoin Core software for download, its owner has been trying for years to discourage website visitors from getting their Bitcoin software from the site, instead pointing them toward BitcoinCore.org. That’s correct: Bitcoin.org has Bitcoin software, but it is not the right software. Specifically, Bitcoin.org currently offers version 25.0 of the software which was last updated on May 26 last year. BitcoinCore.org, however, has the far more up-to-date 26.1 version, updated just two weeks ago. Cobra, Bitcoin.org’s pseudonymous operator, posted the warning to X — even though the download page on Bitcoin.org itself doesn’t have a warning. Read…

On-chain derivatives trading volume registered an all-time high in March when it reached nearly $317 billion. Rachel Lin, co-founder and CEO of the decentralized exchange for perpetuals trading (perp DEX) SynFutures, highlighted to Crypto Briefing that there are still capital efficiency problems hindering perp DEXs’ growth despite recent developments. Lin explained that the current AMM models struggle to compete with centralized exchanges’ order books: despite offering better transparency, they struggle to address high slippage when liquidity is low, which is a big concern for investors. “Like the previous versions, SynFutures V3 introduces an upgrade that majorly impacts liquidity providers (LPs)…

Ethereum (ETH) is on a bull rally amid positive expectations regarding the Securities and Exchange Commission (SEC) of the United States’ approval of Ethereum spot ETFs and BlackRock’s (NYSE: BLK) interest in real-world assets (RWA) tokenization. Analysts started speculating on price as the cryptocurrency market awaits further developments in exchange-traded fund (ETF) approval and BlackRock’s endeavors. Reaching $5,000 in the next few days is possible as speculation heats up, even before the awaited ETF approval. In particular, two analysts from the private wealth management firm Bernstein forecast a 75% pump to $6,600 moving forward. According to Gautam Chhugani and Mahika…

Shiba Inu marketing specialist Lucie deems SHIB unfit for Ethereum gas fees amid network upgrades and the launch of the new SHIB/JPY trading pair in Japan. Lucie, the Shiba Inu ecosystem marketing lead, recently addressed the feasibility of using Shiba Inu (SHIB) as a gas fee on the Ethereum network amid significant market activities, including a major upgrade to the Shibarium network and new exchange listings. Can #Ethererum use $SHIB ??? Ethereum is a digital platform that allows people to create and use decentralized applications, also known as smart contracts. These smart contracts require a certain amount of Ethereum, which…

The U.S. House of Representatives is poised to vote in favor of a crypto market structure bill for the first time, in a symbolic effort to radically reshape the country’s digital asset regulatory landscape. The Financial Innovation and Technology for the 21st Century Act, sponsored by members of the House Financial Services and House Agriculture Committees, will begin seeing votes Wednesday afternoon, where it is expected to pass with a bipartisan majority. The bill, dubbed FIT21, would grant the U.S. Commodity Futures Trading Commission (CFTC) greater spot-market authority over digital assets deemed to be commodities, while also creating new jurisdictional…

Bybit, one of the world’s leading cryptocurrency exchanges, warns about a possible supply shock for Bitcoin (BTC). The alert comes amid high expectations for the Bitcoin halving and a record diminishing BTC supply on exchanges. On April 15, Bybit published a report making bold claims regarding Bitcoin’s available supply in the cryptocurrency market. According to the company’s research team, the 2 million BTC standing in exchange reserves will only last for nine more months. For that outcome, Bybit assumes a daily inflow of $500 million to Bitcoin Spot ETFs. This would hypothetically result in a 7,142 BTC outflow from exchanges,…

On Wednesday, Nasdaq, the second-largest American stock exchange based in New York City, revised its 19b-4 filing for Blackrock’s spot ethereum exchange-traded fund (ETF) with the U.S. Securities and Exchange Commission (SEC). Nasdaq Amends Blackrock’s Ether ETF 19b-4 Filing Following several amended 19b-4 filings by Cboe on Tuesday, Nasdaq has refiled Blackrock’s 19b-4 submission. Blackrock, the world’s largest asset manager, has been actively working towards launching a spot ETH ETF since November 2023. The SEC has consistently delayed its decision on Blackrock’s spot ethereum ETF application, with the most recent postponement extending the decision date. Blackrock’s proposed spot Ethereum ETF…