Author: NBTC

Pyth Network has just announced significant updates to its market coverage, including the introduction of a new India ETF. This move expands their offerings in US equities and commodities, underscoring their commitment to providing comprehensive global market data. For more information, visit the official announcement here. The Story So Far The Pyth Network’s recent announcement emphasizes its efforts to broaden market coverage by adding significant new features. The updates include expanded US equity coverage, new India ETF offerings, and additional commodity and index futures. This strategic move is expected to enhance the utility of the Pyth Pro API, providing users…

Bitcoin [$BTC] ETFs are in the trenches right now, just as $BTC itself dips. Short-term reaction or the start of the dark days? Here’s what we know. $BTC ETFs are bleeding – Fidelity crypto leads losses On September 15, investors took out a combined $450.4 million… in a single day! That is the biggest daily outflow since the end of June. Interestingly, it came just one day after the same funds brought in about $160 million! Per Farside, Fidelity’s FBTC led the losses, with about $214.8 million. BlackRock’s IBIT recorded about $161.7 million in outflows. Grayscale’s GBTC, ARKB, and BITB…

Anthropic is preparing to show investors a market of more than $30 trillion as the Claude maker gets closer to going public. That would put its estimate ahead of SpaceX’s $28.5 trillion figure. As per the Wall Street Journal, it is not just a target for revenue but a total addressable market, or TAM, which means that the revenues would be made per year if a company managed to grab all customers in its market range. Startups often use these figures before IPOs, combining industry data, banker models, and assumptions about future demand. With artificial intelligence, things become more complicated.…

Shiba Inu’s token burn campaign gained remarkable momentum throughout July, with community burn tracker Shibburn reporting that more than 3 billion $SHIB left circulation during the month. According to Shibburn data, the ecosystem permanently removed 3,248,854,065 Shiba Inu tokens over the past 30 days. At the time of the report, the burned tokens were worth $16,575. Notably, Shibburn revealed that the monthly total represented a 1,395% increase in burn rate compared with the previous 30-day period. Shiba Inu Peak Burn Periods Shibburn’s monthly burn chart showed that the largest concentration of burn transactions occurred on July 8 and again between…

Eleanor Terrett reported that former CFTC Chairman Giancarlo expressed disappointment over the Senate’s failure to pass the Clarity Act. He believes this setback will not deter the ongoing innovation in the U.S. Giancarlo highlighted the determination of SEC officials to create solid regulatory frameworks for financial innovation. This indicates an ongoing commitment to regulation despite legislative hurdles. Source The Story So Far The broader crypto market continues to exhibit mixed signals, with various assets reacting differently to regulatory news. Giancarlo’s comments come at a time when the Senate’s failure to advance the Clarity Act has left many in the industry…

Deribit is adding more than 90 $USDC-settled linear perpetual futures, including contracts tied to public companies, ETFs, commodities and private-company valuations. The launch marks the exchange’s first move into listed equity and ETF perpetuals. The new product set also includes commodity contracts, pre-IPO products and the Coinbase 50 Index, alongside 60 crypto underlyings. Deribit will introduce the products in stages. Some instruments are currently marked as unlisted in Deribit’s specifications, meaning their terms remain indicative until trading begins. Perpetuals Without the Underlying Asset The contracts give traders synthetic exposure to a reference price. A stock perpetual, for example, tracks a…

The collapsing fee chart invited an explanation that higher costs may have chased traders back to Solana and taken Robinhood’s volume with them. Weekly data, however, shows a narrower retreat. Robinhood’s decentralized exchanges handled about $13 billion in the seven days through Sept. 16, up 5% from the preceding week, according to CoinDesk calculations using DeFiLlama, while stablecoin supply slipped just 1% to around $1 billion, with about $930 million of that sitting in decentralized-finance applications. The businesses built on the chain kept earning far more than the chain itself, taking about $8 million in fees over the latest 24…

Bitcoin price traded near $76,200 after a volatile week as the failed CLARITY Act vote and the Federal Reserve’s rate increase kept pressure on the market. Technical indicators now point to resistance near $78,600, while liquidation data places the main downside liquidity cluster around $74,600. Bitcoin price retreats after rejection near $80,000 According to data from crypto.news, Bitcoin ($BTC) was trading near $76,236 at the time of writing, according to the daily chart. The cryptocurrency had recovered from an intraday low of $75,065 after opening the session around $75,644. $BTC has lost roughly 4% over the past seven days after…

Uniswap has solidified its role in DeFi by leading the growth of tokenized stocks, capturing a total of $82.8 million in deposits over the past 30 days. This increase includes $54.7 million in V4 and $28.1 million in V3. As tokenized stocks gain traction, this development sets the stage for Uniswap to further enhance its market position, as detailed in a recent tweet by @tokenterminal. The Latest The broader crypto market is currently presenting mixed signals, with Uniswap’s recent performance standing out. Over the past month, Uniswap’s total value locked (TVL) in tokenized stocks has surged significantly, indicating a strong…

Nvidia reports second-quarter results after the US market closes on Wednesday night with Wall Street expecting a record quarter. The harder test is whether the chipmaker can clear a bar that several bullish analysts have pushed well above consensus. FactSet expects revenue of about $92.3 billion and adjusted earnings of $2.09 a share. KeyBanc analyst John Vinh is aggressive, forecasting $97.8 billion of revenue and maintaining a $330 price target, implying 55% upside from Tuesday’s close. That means another ordinary beat may not be enough. KeyBanc thinks Wall Street is nearly $6 billion too low Vinh expects Nvidia to report…