Author: NBTC
Canary Capital, an investment management company, has announced the launch of the Canary AXL Trust, an institutional-grade fund tracking the performance of its native Axelar token, AXL. The investment product will bridge the gap between traditional finance and digital innovation by simplifying access to the crypto asset. Axelar Trust is Canary’s first investment product offering indirect access to the asset based on the blockchain interoperability category. Canary has selected Coinbase as the custodian for the Axelar Trust. The leading US exchange will securely store investor funds and facilitate transaction settlements for the trust. Axelar’s technology has seen widespread adoption in…
In a recent podcast interview on The Wolf of All Streets, former White House Director of Communications, Anthony Scaramucci, made a claim that the SEC might have dropped its lawsuit against Ripple (XRP). This news has created a buzz in the crypto community, especially after a series of recent events that hint at major developments. During the podcast, when Scott Melker mentioned the SEC dropping cases against Coinbase, Gemini, ConsenSys, and others, Anthony Scaramucci interrupted and said “Ripple” twice, suggesting that the SEC may have already dropped its case against Ripple. While the case between Ripple and the SEC is…
Robinhood has agreed to pay $29.75 million to settle investigations by FINRA regarding its supervision and compliance practices. The settlement includes a $26 million fine and $3.75 million in restitution to customers. Robinhood Failed to Manage Trading System During Activity Surge FINRA found that Robinhood didn’t properly manage or oversee its system for processing trades, even though there were clear signs of delays in processing due to a huge increase in trading activity. This happened between March 2020 and January 2021, which was the same time Robinhood restricted trading in popular meme stocks like GameStop and AMC Entertainment Holdings. In…
Ethereum’s price is experiencing consolidation following its deep correction over the past month. However, key supports still remain in front of the price, making a bullish retracement stage possible. Technical Analysis By Shayan The Daily Chart Ethereum has undergone a deep correction over the past few months, eventually reaching the critical $2K support range. This level holds significant importance, as it has acted as a strong support zone since December 2023 and aligns with the crucial Optimal Trade Entry (OTE) levels. If ETH breaks below this support, a notable downward trend may follow. However, given the historical demand at this…
Cryptocurrency mogul Mike Novogratz has weighed in on the staying power of the Ripple-affiliated XRP token during a recent appearance on “Galaxy Brain” alongside Pantera Capital founder Dan Morehead. Novogratz has opined that the aforementioned cryptocurrencies managed “Why is Cardano still one of the bigger coins? Or XRP? Because they got started early when there were not as many choices and they built communities,” Novogratz said. Now, there is not enough time for new tokens to create narratives and build communities since there is an “infinite” number of new cryptocurrencies. The 60-year-old billionaire claims that launching something like “Novocoin” would…
Renowned legal expert Fred Rispoli suggests that President Donald Trump does not require congressional approval to include XRP and ADA in the U.S. crypto reserve. Attorney Rispoli made this suggestion to address concerns about the United States’ strategic crypto reserve initiative. The reserve announcement has triggered mixed reactions. Some experts suggest that Trump would require congressional approval to allocate funds for the project. Notably, some U.S. states like Wyoming, North Dakota, and Montana have rejected bills pushing for the creation of a strategic crypto reserve. As a result, some experts speculated that the U.S. federal government would also require Congress’s…
Singapore Exchange Ltd. (SGX) is set to introduce bitcoin (BTC) perpetual futures in the second half of 2025, marking a significant step for the traditional exchange into the crypto derivatives market, according to a Bloomberg report. These contracts, designed for institutional clients and professional investors, will not be accessible to retail traders. SGX did not immediately respond to CoinDesk’s request for comment. SGX’s move aligns with a broader trend among traditional exchanges embracing cryptocurrency derivatives. Japan’s Osaka Dojima Exchange Inc. is also seeking approval to list bitcoin futures, reflecting growing institutional interest in digital assets, particularly amid pro-crypto policies from…
BTC traded as high as $99,497.97 before retreating, but the dominant digital asset has been gradually edging towards the $100,000 barrier, with bears getting squeezed on shorts to the tune of $128.35 million. Bitcoin Nears $100K But Meets Resistance Bitcoin (BTC) is edging closer to the highly anticipated $100,000 milestone, trading at $99,207.54 at the time of reporting. The world’s leading cryptocurrency has gained 1.51% over the past 24 hours and is up 2.39% over the past week. With a 24-hour trading range of $96,874.82 to $99,497.97, BTC is showing signs of strong bullish momentum as investors continue to push…
A report recently shared by the IntoTheBlock account on X reveals that a staggering amount of Ethereum has been transferred over the past week. They were all withdrawals from crypto exchanges to cold wallets. IntoTheBlock believes this is indicative that whales continue to accumulate the second largest cryptocurrency heavily, investing in it long term. Over $500 million worth of ETH was withdrawn from exchanges this week, indicating that accumulation remains strong among $ETH traders. pic.twitter.com/0gLiHHU1DW — IntoTheBlock (@intotheblock) March 7, 2025 In particular, according to a Santiment chart shared by crypto trader Ali Martinez, over the past three days, whales…
The market for tokenized assets across all classes has now exceeded $50 billion, according to a new report. According to a recent report from Brickken, titled “RWA Tokenization: Key Trends and 2025 Market Outlook,” the market for tokenized assets across all classes has now surpassed $50 billion, with $30 billion of that total stemming from tokenized real estate. This growth positions the tokenized market to reach a $2 trillion market cap by 2030, as projected by McKinsey. One of the report’s key insights is the surge in debt tokenization, particularly in Europe, where Germany leads the way, accounting for nearly…