Author: NBTC

The BlackRock iShares Ethereum Trust ETF (ETHA) crosses a major milestone in its Ethereum holdings amid an impressive surge in institutional interest. 2024 has arguably been the year of institutional adoption for crypto as newly launched U.S. spot Bitcoin and Ethereum ETFs have funneled billions into the market. As the year ends, this capital influx shows no signs of slowing. In the latest instance highlighting this surge in institutional interest, one of these newly launched products has hit a new milestone. BlackRock Ethereum ETF Hits 1M ETH BlackRock’s Ethereum ETF (ETHA) has hit a new milestone. As highlighted by blockchain…

Shareholders did not respond well after Japanese investment firm Metaplanet announced the addition of its Bitcoin Treasury Operations as a new core business line. Building on months of preparation and shareholder approvals, the company is doubling down on Bitcoin (BTC) as both a financial asset and revenue driver as the world’s largest crypto soars to new peaks. Just yesterday, Bitcoin set a new all-time high above $108,000. Despite the ambitious announcement, Metaplanet’s stock, which trades under the 3350 ticker on the Tokyo Stock Exchange, fell by 13.73% on Tuesday and closed at $22.90 (3,520 JPY), according to Google Finance data.…

Grayscale Investments has officially opened the Grayscale Chainlink Trust (LINK Trust) to qualified investors, providing exposure to Chainlink (LINK) through a regulated security structure. This move will allow investors to own LINK indirectly, bypassing the complexities of purchasing, storing, and managing the token directly. As of December 12, 2024, Grayscale LINK Trust reported net asset value per share of $111.91 and assets under management (AUM) of $30,468,812. According to Grayscale’s website, the Chainlink Trust represents one of the first securities to invest specifically and passively in LINK. Shares of the trust are structured to track the market price of LINK,…

The new EU crypto regulations, set to take effect at the end of the year, are already reshaping the market for digital tokens, especially stablecoins like Tether’s USDT. Many crypto exchanges in the EU have delisted the dominant stablecoin USDT to comply with the MiCA. While the regulations aim to improve oversight and prevent crimes like money laundering, crypto experts warn that they might reduce market activity without fully achieving these goals. Could MiCA Hamper Market Liquidity? Crypto executives warn that the MiCA regulations may reduce market liquidity without meeting their intended goals, potentially making the EU less attractive to…

A popular market analyst known for his timely crypto calls is predicting Ethereum (ETH) will suddenly return to its all-time high. Pseudonymous trader Pentoshi tells his 834,500 followers on the social media platform X that Ethereum may surge more than 23% from its current value and start outperforming against Bitcoin (ETH/BTC). “ETH likely to continue to outperform BTC in the short term in my opinion. ETH/BTC went up around 20% from the lows while going up in USD. Can’t complain. But every time it goes down 1% many get PTSD. Trends don’t happen overnight. They always start small. See no…

Global algorithmic trading firm Wintermute is strengthening its presence in the tokenized securities market by providing round-the-clock over-the-counter (OTC) trading support for BlackRock’s USD Institutional Digital Liquidity Fund (BUIDL). The move comes as Wintermute’s OTC desk celebrates a record-breaking year, having achieved $24 billion in daily trading volume on November 13, 2024. This expansion of services aims to enhance liquidity and accessibility for institutional investors trading tokenized securities. BUIDL, which launched on Ethereum in March 2024, has established itself as the world’s largest tokenized fund by assets under management. The fund, which provides exposure to U.S. Treasury bills and repurchase…

The Internet is a big world; every country represents a digital ledger. Most of these ledgers are blockchains but most have ‘slow economies’. Here is where the global leader Hedera Hashgraph comes into the picture. It is a distributed ledger technology that replaces the old blockchain system, making the ‘economy’ fast, fair, and secure. Table of Contents What is HBAR? How does Hedera Hashgraph work? How to use Hedera Hashgraph and HBAR? Key features and benefits of Hedera Hashgraph and HBAR How to buy, store, and use HBAR Challenges and criticisms Future of HBAR and Hedera Hashgraph In this article,…

The U.S. Securities and Exchange Commission (SEC) may be on the verge of one of the most dramatic policy changes in its history. As the agency prepares for a leadership transition, SEC Commissioner Hester Peirce has hinted at a potential shift away from the SEC’s historically cautious stance on cryptocurrencies toward a more innovation-friendly approach. In an exclusive interview, SEC Commissioner Peirce expressed optimism about the SEC’s future under new leadership. With SEC Chairman Gary Gensler set to step down on January 20, 2025, and former SEC Commissioner Paul Atkins set to take over, Peirce described the transition as a…

Today, approximately $3 billion worth of Bitcoin (BTC) and Ethereum (ETH) options are set to expire, creating significant anticipation in the crypto market. Expiring crypto options often leads to notable price volatility, prompting traders and investors to monitor today’s developments closely. $2.87 Billion Bitcoin and Ethereum Options Expiring According to Deribit’s data, 23,481 Bitcoin contracts, with a notional value of approximately $2.29 billion, are set to expire today. Bitcoin’s put-to-call ratio is 1.11. The maximum pain point — the price at which the asset will cause financial losses to the greatest number of holders — is $97,000.Here, most contracts will…

Ethereum (ETH) price recently surpassed $4,000 for the first time since March 2024, marking a 25% gain over the past 30 days. However, the 7D MVRV ratio, now at -1.35%, suggests short-term holders are experiencing unrealized losses, hinting at potential further downside before a recovery. Historically, ETH tends to rebound after the MVRV dips to -4% or lower, aligning with growing whale accumulation, as addresses holding at least 1,000 ETH have steadily increased in December. While ETH faces key resistance at $3,987, breaking it could lead to $4,100 and beyond, but bearish signals from converging EMA lines could test its…