Author: NBTC
As the deadline for the SEC’s decision on spot Ethereum ETFs approaches, investors are questioning whether to hold or sell their Ethereum holdings. Experts weigh in on the potential impact of the expected rejection and its implications for the broader cryptocurrency market. Experts and their Insights Analysts anticipate that the SEC will likely reject spot Ethereum ETF applications by the end of May. Bloomberg ETF analyst Eric Balchunas has revised his approval estimate from 70% to 25%, signaling a bearish sentiment. Similarly, decentralized prediction markets suggest bleak probabilities of approval, with figures as low as 18%. Lark Davis’s Perspective Renowned…
Arkham’s ARKM token witnessed a drastic 20% decline following controversial token transfers. This event sparked widespread debate in the cryptocurrency community. Arkham is trying to address the market concerns while the ARKM token tests critical support. Why Arkham’s Transactions Gained Crypto Community’s Attention Nansen, a competitor, reported that Arkham moved substantial ARKM amounts, over 25.2 million tokens valued at more than $56 million, to unidentified wallets and Binance. This revelation raised concerns about transparency and intent. In response, Arkham addressed the situation on April 9. They clarified that these transfers aligned with their tokenomics, involving unlocked tokens. Despite these assurances,…
Amidst regulatory challenges and court disputes, Ripple Labs Inc. continues its legal battle with the U.S. Securities and Exchange Commission (SEC), a conflict that has significant implications for the cryptocurrency landscape. Exploring the Legal Terrain As Ripple and the SEC lock horns over the classification of crypto assets, the debate intensifies over how these digital tokens should be regulated. Speaking at a Columbia Business School event, former SEC litigator Linda Steward hinted that the dispute might eventually escalate to the Supreme Court. Steward delineated the SEC’s stance, noting that the agency does not consider tokens themselves as securities but rather…
Bitcoin ETFs shattered records with a 14,261 bitcoin purchase on March 12, as a former Swiss Bank Director shed light on the changing Bitcoin ETF investment scene. On March 12, net spot Bitcoin ETF inflows surpassed $1 billion, with Blackrock’s IBIT product reaching a record $849 million inflow and exceeding 200,000 BTC in assets under management, as per reports. The latest surge in trading activity eclipses the initial enthusiasm seen at the ETFs’ inception and establishes a new market engagement benchmark. In a March 14 interview with Crypto.news, Clive Thompson, a retired managing director of wealth management with decades of…
In recent comments that the crypto markets took note of, Fed Chair Jerome Powell stated that the U.S. economy has not seen inflation return as the central bank’s target, indicating that interest rate cuts are unlikely to occur anytime soon. “The recent data have clearly not given us greater confidence, and instead indicate that it’s likely to take longer than expected to achieve that confidence,” Powell said during a central banking forum. The Fed chair added that while inflation is still falling, it is not moving fast enough. Echoing recent statements by central bank officials, Powell indicated that the current…
RippleX, the developer arm of Ripple, has urged node operators to upgrade to version 2.1.1. If they fail to update to the new version in a timely fashion, they will be amendment blocked. The latest version of the reference server implementation of the XRPL became available a week ago. It has introduced an important amendment that is supposed to fix a critical Automated Market Maker (AMM) vulnerability. The AMM bug fix is going to be activated this Thursday, which is why RippleX is urging node operators to perform the upgrade. As reported by U.Today, the AMM amendment went live on…
Bitcoin, the world’s largest cryptocurrency, experienced a decline overnight and fell to $66,700 before making a partial recovery. This significant 8% drop occurred as over $100 million in Bitcoin long positions were wiped out, marking a turbulent start to the day for digital asset investors. CoinGlass data revealed that over $100 million in long positions were liquidated in the last 12 hours alone, and another $167 million in long positions were liquidated in the previous 24 hours. Bitcoin’s recent pullback from record highs has coincided with pressure on gold and other assets, including Wall Street’s tech-heavy index Nasdaq. Analysts attribute…
Following its successful Bitcoin ETF launch, BlackRock, the world’s largest asset manager, is now eyeing Saudi Arabia. The company aims to expand its presence in the kingdom’s financial sector. Why BlackRock Aims to Expand in Saudi Arabia According to Bloomberg, BlackRock’s CEO, Larry Fink, frequently visits Riyadh and has engaged directly with Crown Prince Mohammed bin Salman. The firm was the first major global investment manager to open an office in Riyadh, emphasizing its commitment to the Saudi market. This strategic move places BlackRock in a prime position to access the state-owned Public Investment Fund (PIF), which controls approximately $925…
The upcoming Bitcoin halving has become a major driver of market speculation. VeChain founder Sunny Lu suggests that the evolving impact of regulation will significantly impact Bitcoin’s trajectory after the upcoming halving event. VeChain Founder: “The Power of Macro Effects is Now Felt Rather than the Halving” “If we compare this cycle with the previous one, the impact of regulation becomes evident,” Lu said in an email. Lu also explained that regulatory actions since the last halving in May 2020 have also driven significant price movements. Lu mentioned that the Bitcoin price reached all-time highs after the previous halving in…
In an exciting development for the gaming and cryptocurrency communities, FlokiFi has officially partnered with Mars Battle as its main utility partner. This collaboration marks a significant milestone for both entities, ensuring a robust future for the Mars Battle ecosystem and its native $SHOOT token. Securing the Battlefield with FlokiFi Mars Battle, following the successful launch of the $SHOOT token which raised significant capital, has chosen FlokiFi’s renowned Token Locking platform to secure its assets. The $SHOOT token, currently valued between $3.5 to $4 million, has been securely locked for 12 months within the FlokiFi protocol, demonstrating a strong commitment…