Author: NBTC

Bitcoin’s (BTC) rally is gaining momentum, with institutions stepping up their exposure to the leading cryptocurrency through Deribit’s BTC options market. “Panning out over just the last week shows a much bigger sign of institutional positioning on BTC,” Deribit said on X Friday, noting the bullish flows in the BTC options. The exchange has seen robust buying of call options at the $110,000 strike expiring in June and July and calendar spreads involving a long position in the $140,000 strike call expiring at the end of September and a short position in the $170,000 strike call expiring at the end…

With cash use shrinking and digital payments on the rise, the European Central Bank thinks a digital euro might be needed to keep public money in play. As Europe swipes, taps, and clicks its way through daily life, the European Central Bank says old-school cash can’t keep up, and a digital euro might be the answer. In a speech at the France Payments Forum event, ECB executive board member Piero Cipollone publicly acknowledged that “in the digital age, cash alone cannot do the job.” Cipollone explained that while cash will remain available, its use has fallen as consumers increasingly turn…

⚈ Bitcoin’s climb above $110,000 could cost short sellers around $1.19 billion.⚈ BTC’s open interest is at a 3-month high, signaling strong speculative activity.⚈ Short sellers have already lost $2.17 billion as Bitcoin surpassed the $100,000 milestone. Bitcoin’s (BTC) rally above the psychologically crucial $100,000 mark has put a large amount of short positions at risk — particularly if the leading digital currency goes on to surpass $110,000. To be more exact, short sellers stand to lose roughly $1.19 billion should the price of Bitcoin reach levels above $110,000, per data retrieved by Finbold on May 9 from cryptocurrency market…

Asset manager Franklin Templeton has secured approval from the Monetary Authority of Singapore to launch its tokenized Franklin OnChain US Dollar Short-Term Money Market Fund. With the move, it became the first tokenized fund open to all investors in Singapore. According to reports, the fund is similar to the Luxembourg-registered Franklin Templeton money market fund, which exposes investors to short-term securities and government money market instruments. That fund currently has $1.76 billion in total net assets, with the net asset value (NAV) being $9.81. A breakdown of its portfolio also shows that most of its investments (52%) are allocated to…

Fartcoin ($FART) has recorded a remarkable price rise over the past couple of months. However, as per the well-known crypto analyst Ali, amid Fartcoin’s staggering 550% surge over 2 months, TD Sequential Indicator signifies an impending profit-taking. The crypto analyst took to social media to share insights into the current overview of Fartcoin (FART) in the crypto market. The TD Sequential (Tom DeMark Sequential) is a technical analysis indicator designed to identify potential trend reversals and time market entries and exits. It was developed by Tom DeMark, a well-known technical analyst. #Fartcoin is up 550% over the past two months,…

Recent Bitcoin price movements have revived long-term forecasts, as Muneeb Ali, the founder of Bitcoin Layer 2 platform Starks, says another 10x rise is inevitable. While short-term volatility has remained, Ali’s projection has drawn attention due to Bitcoin’s historical trajectory and its continued expansion in market value. His statement arrives during a period of renewed optimism, following a notable climb in Bitcoin’s price earlier in the week. Bitcoin Climbs Above $104K Before Daily Pullback Beginning May 6, Bitcoin registered a sharp upward trend. It advanced from around $93,000 to exceed $104,000 by May 8, showcasing solid momentum over a short…

The shares of cryptocurrency exchange Coinbase have plunged by more than 6% after the company disclosed a hack earlier today in an 8-K filing. As reported by U.Today, Coinbase has revealed that its internal documents and customer account data had been stolen by threat actors. They demanded that the exchange shell out $20 million in order to sweep the damning security incident under the rug. However, Coinbase refused to pay the extortionists, choosing to disclose the security incident. The data was stolen with the help of rogue overseas employees who had access to the exchange’s data. Coinbase CSO Philip Martin…

XRP is one of the most talked-about cryptocurrencies, but few people understand how small its true holder base is. Even though there are 6.4 million XRP wallets, that does not mean there are 6.4 million people holding XRP. Many users, especially experienced ones, hold multiple wallets for different purposes like trading, storage, and security. In fact, a large number of these wallets are inactive, unfunded, or belong to exchanges like Binance and Uphold. Others may contain only a small amount of XRP, often referred to as “dust” wallets. Based on blockchain data and AI analysis, it is estimated that only…

Changpeng Zhao, often known as CZ, a cofounder and former chief executive of the world’s largest crypto exchange, Binance, has taken to his X account to offer crucial advice to the crypto community. Particularly, he addressed those who fail to hold Bitcoin through periods of big corrections and start panic-selling. CZ gives advice to panic-sellers as Bitcoin jumps to $103,800 Zhao believes that people begin to panic-sell Bitcoin for one key reason – “ lack of understanding of tech, finance, and the world.” He believes that buying BTC just following somebody’s recommendation will not make you hold it through periods…

As the cryptocurrency market continues to heat up, Ethereum (ETH) is gaining considerable attention due to its impressive price rally. This surge has not only generated optimism about Ethereum’s future but has also prompted many analysts to question whether Ethereum can surpass Bitcoin (BTC) and become the leading digital asset. This article dives into the key arguments from analysts who support this possibility. Technical Analysis: Why Ethereum Could Overtake Bitcoin? Jim Bianco from BiancoResearch noted that ETH surged 38% within just 72 hours. This marks the largest three-day gain since January 2021 and the second-largest in the past eight years.…