Author: NBTC

Grayscale’s Bitcoin ETF continues to record steady outflows and has now fallen to half of the Bitcoin it held at the point of the trust’s conversion to a spot Bitcoin ETF. Unless Grayscale sees unprecedented inflows, it will see a halving of both its assets and Bitcoin block rewards this week. When the spot Bitcoin ETFs were approved in January, Grayscale held around 640,000 BTC under management. It now has roughly 308,000 BTC valued at around $19.7 billion. While the amount of Bitcoin held under management has fallen by 51%, the value of its assets under management has fallen just…

Velar, a Bitcoin (BTC) decentralized finance (DeFi) platform, has announced a partnership with Build on Bitcoin (BOB) supporting the launch of Velar Artha, the world’s first Perpetual Decentralized Exchange (PerpDex) on Bitlayer’s EVM-compatible Bitcoin Layer 2, as per the information shared with Finbold on May 21. The collaboration aims to expedite the launch of the PerpDex, ensuring a robust technical foundation. Bringing DEXs to Bitcoin Layer 2 Velar Artha promises to be a trailblazing PerpDex within the Bitcoin ecosystem, merging Bitcoin’s security with the developer-friendly environment provided by Ethereum Virtual Machine (EVM) compatibility. The decentralized exchange will debut on Bitlayer,…

Ethereum has emerged as the top trending asset in the cryptocurrency space, dominating discussions on platforms such as X, Discord, Telegram, 4chan, and BitcoinTalk. The crypto community is keenly focused on the U.S. Securities and Exchange Commission’s (SEC) upcoming decision regarding the approval of the first spot Ethereum (ETH) Exchange-Traded Fund (ETF). 🗣️ #Ethereum is the top trending asset in #crypto, according to #X, #Discord, #Telegram, #4chan, & #BitcoinTalk. Eyes are on the #SEC’s decision to approve the first Spot $ETH #ETF. Also, #FUD-related #Tether talk could lead to big #bullish market rises. https://t.co/BHW7f6LUZh pic.twitter.com/0zDo2t63hU — Santiment (@santimentfeed) May 20,…

Dogechain, a major noncustodial wallet powering the Dogecoin (DOGE) ecosystem, is shutting down. Surprisingly, many members of the Doge army are not aware of a scenario that has pushed an X user and Dogecoin proponent to speak out. Identified as Astro on X, the whistleblower wrote: #Dogechain has been around for +10 years. All of a sudden, shutting down in less than 30 days. No one dares to openly say exactly why and most people have not figured it out yet. While the Dogechain wallet has a strong legacy in the broader digital currency ecosystem, the regulatory terrain in the…

In a recent video titled “Humility,” Charles Hoskinson, Co-Founder and CEO of IOG (Input Output Global), shared his insights on humility, the current political landscape in the United States, and its implications for the cryptocurrency industry. This blog post delves into Hoskinson’s key points, especially his views on former President Donald Trump and current President Joe Biden, as well as his call to action for the 2024 election. Hoskinson starts by addressing a Reddit post that critiques him for lacking humility. He clarifies that while he strives to be a decent person who acknowledges others’ contributions, true humility involves recognizing…

BlackRock, the world’s largest asset management firm with over $10.5 trillion in assets under management, has unveiled a series of educational content aimed at explaining Bitcoin, the Bitcoin halving, and its implications, along with insights into its approved spot Bitcoin ETF. “April is packed with rare events this year, with eyes set on the upcoming bitcoin halving – a unique process that only happens every 4 years,” said U.S. Head of Thematic and Active ETFs at BlackRock, Jay Jacobs. “Tune in below to learn how this impacts bitcoin’s value, and for more about investing in bitcoin ETFs.” JUST IN: BlackRock…

Clearpool has announced its collaboration with Flare, the blockchain for data, and The Hex Trust Group, a leading digital asset custodian, to launch a dedicated vault for earning yield on the newly introduced stablecoin, USDX. Developed by HT Digital Assets, Hex Trust’s tokenization ecosystem, USDX is designed to be a key DeFi asset for financial management on the Flare network. The stablecoin is backed 1:1 against the U.S. dollar or equivalent assets, primarily consisting of 1–3 month T-Bills. These reserves are held securely by regulated tier-1 financial institutions, providing assurance of the stablecoin’s value and stability. USDX holders can now…

The U.S. Securities and Exchange Commission has been reported to have asked exchanges to update their 19B-4 filings for Spot Ethereum ETFs on an accelerated basis. This sudden move, highlighted in a recent Coinbase report, could mean the SEC is gearing up to greenlight these ETF applications ahead of a critical deadline this Thursday. The implication is that Ethereum ETFs could go live, which might begin an entirely new future for Ethereum and the cryptocurrency market. SEC Fast-Tracking Process The SEC has asked exchanges interested in listing spot Ethereum ETFs to update their 19B-4 filings urgently. According to multiple sources,…

Whale Alert cryptocurrency tracker has purchased a mind-blowing amount of meme cryptocurrency Pepe on a major crypto exchange in Turkey. Several trillion Pepe have been withdrawn to an anonymous digital wallet. This massive transaction was made after Pepe coin demonstrated a major price surge followed by a small correction. 4 trillion Pepe leave Paribu exchange Slightly more than three hours ago, an anonymous investor purchased a mammoth-sized amount of popular meme coin Pepe on leading Turkish cryptocurrency exchange Paribu. The whale withdrew a staggering 4,049,371,347,309 PEPE. This amount of crypto is evaluated at $31,091,073. 🚨 🚨 4,049,371,347,309 #PEPE (31,091,073 USD)…

Indian Finance Minister Nirmala Sitharaman advocates for global consensus on cryptocurrency regulation, highlighting the need for international cooperation, particularly within the G20. She noted that while Indian regulators have differing opinions regarding how to treat crypto, there is currently no significant confusion. Indian Finance Minister on Crypto Regulation Indian Finance Minister Nirmala Sitharaman stressed the need for global consensus on cryptocurrency regulation in an interview with Businessline, published Monday. She highlighted the importance of international cooperation, especially within the G20, to address crypto regulatory challenges. “Even before G20 and since 2020, we had discussions about it in the Finance Ministry,”…