Author: NBTC
The world of digital assets is abuzz as CoinShares’ Head of Research James Butterfill announced a historic milestone. Total digital asset Exchange-Traded Products (ETPs) have surged past the $100 billion mark for the first time ever, signifying a monumental shift in the investment landscape. This surge comes on the heels of a significant boost in cryptocurrency-oriented investment products, catalyzed by the introduction of Bitcoin ETFs earlier this year. Since their inception in January, Bitcoin ETFs alone have attracted a staggering $11.83 billion in investments. This figure represents over 10% of the total investments in crypto products accumulated over all time…
Discover the Numun Ecosystem launch, featuring Num and Vectium apps for tokenizing and lending against real-world assets on Ethereum. The post Numun Ecosystem debuts DeFi structure for real-world assets appeared first on Crypto Briefing. Numun’s token and lending apps aim to revolutionize DeFi with real-world asset integration. Numun Ecosystem debuts DeFi structure for real-world assets The Numun Ecosystem has officially launched, introducing a suite of applications designed to tokenize and lend against real-world assets (RWA) on the Ethereum network. This RWA-focused ecosystem is initially comprised of tokenization company Num Finance and lending protocol Vectium. “Numun ignites the power of synergy…
Bitcoin funding rate chart has been flipping negative of late, signaling a shift in market sentiment. Shorts are paying longs, which often precipitates the creation of bullish momentum. A potential market correction or squeeze could be on the horizon. Bitcoin (BTC) price remains on a load-shedding exercise, a sentiment that has spilled over to the broader market. Nevertheless, the bleed seen across the cryptocurrency market could end soon amid possible shifting market sentiment. Funding rates flipping negative could be the silver lining for longs After a prolonged downtrend in the market, fortunes could be starting to change as funding rates…
Benjamin Cowen, a crypto analyst and trader, has raised concerns about the potential significant price collapse of Ethereum (ETH). In a recent analysis, Cowen hinted at the possibility of a 60% plunge in the price of ETH, citing the loss of crucial support levels for the ETH/BTC trading pair. The ETH/BTC trading pair, which compares the value of Ethereum to that of Bitcoin, is widely regarded as an important indicator of market sentiment and relative strength between the two largest cryptocurrencies. According to Cowen’s analysis, the recent loss of important support levels in the ETH/BTC pair could signal further downside…
The Polkadot (DOT) community has chosen IndyCar racer Conor Daly as their brand ambassador for the prestigious Indianapolis 500. The deal marks the first time in sports history that a major athlete’s sponsorship was decided through a blockchain-based community vote, showcasing a transformative approach to engaging with sports and technology. Conor Daly, a prominent figure in American professional racing and a fan favorite for his achievements on and off the track, received overwhelming support from the Polkadot community, with a 95.8% approval rating for his sponsorship. Daly’s diverse career includes remarkable performances in the NASCAR Daytona 500 and the Indianapolis…
On 8 April 2024, U.S. SEC Commissioner Hester M. Peirce delivered a thought-provoking speech at the Association of Private Enterprise Education conference. Titled “Pourquoi Pas? Securities Regulation and the American Dream,” her remarks in Washington D.C. captured a critical discourse on the balance between regulation and innovation in the pursuit of the American entrepreneurial spirit. Hester Peirce is a Commissioner at the U.S. Securities and Exchange Commission (SEC), appointed first by President Donald Trump in January 2018, and reappointed for a second term ending in 2025. She is known for her advocacy of less regulatory restraint in the innovation of…
Iskra, the Web3 gaming market leader serving consumers as well as developers, is on the verge of making a substantial change. The company has declared its intention to move to Base. It is a new Ethereum L2 project backed by Coinbase and established on the open-source OP Stack. The dawn of Iskra 2.0 is promised to open up many new possibilities and benefits for its fans. ISKRA 2.0 is the next chapter for us that starts with our migration to @base. 🔵🔥With this move, we’ll leverage the Base ecosystem and the L3 possibilities it makes possible 👇🏻✅ Use $ISK as…
Bitcoin has surpassed pop culture juggernaut Taylor Swift in terms of Google search interest after its recent rally, Bloomberg reports. According to recent Google Trends data, the digital currency has seen a surge in searches, reaching its highest point in over a year and eclipsing the combined search volume of the “Anti-Hero” chanteuse over the past week. Bitcoin’s rally to new heights As reported by U.Today, the flagship cryptocurrency reached a new all-time high of $73,737 earlier this Thursday. Although there has been a slight pullback from these peaks, the excitement around Bitcoin exchange-traded funds remains palpable. These financial products…
In the first quarter of 2024, approximately $43.8 billion, or 76% of the decentralized finance yield market, earned an annual percentage yield (APY) of about 5% in very low-risk contracts. Staking played a crucial role in the resurgence of decentralized finance, bolstered by the Ethereum network’s transition to a Proof-of-Stake model. The bridging sector experienced a 51% increase in total value locked (TVL), rising from $94.8 million to $143.6 million. Three-Quarters of Defi Yield Market in Very Low-Risk Contracts In the first quarter of 2024, decentralized finance (defi) investors generally favoured security over the pursuit of high yields. According to…
The deputy governor of the Bank of Israel, Andrew Abir, has initiated mixed reactions after his recent views on central bank digital currency (CBDC). Though the effects of CBDC on commercial banks have usually been perceived as a threat, Abir in a speech posted on the central bank’s site, viewed CBDC differently. Competition driving innovation in Israeli banking sector Competition in the Israeli banking sector, which has resulted from over a decade of efforts, has brought about some benefits, but “we still have a long way to go,” Abir said. As the Bank of Israel raised interest rates to fight…