Author: NBTC

Ethereum spot ETF experienced its highest inflow period during the past week. The week ending Friday, November 15, saw the ETH spot ETF record a total net inflow of $515.17 million, over three times more than the previous record. In the meantime, it is crucial to note that last week’s inflow marks the second consecutive period that the Ethereum spot ETF recorded new milestones. Before the latest record, Soso Value data showed that the novel financial product attracted $154.66 million in inflows in the previous week. Further details reveal that the spot ETH ETF accumulated $9.15 billion in total net…

Jed McCaleb envisions Stellar as a top solution for affordable cross-border payments. Stellar’s mission is to bring easy, reliable global payments to underserved regions. Inspired by Venmo, Stellar aims to build financial access for millions worldwide. Jed McCaleb, co-founder of Stellar, recently revealed his vision for Stellar’s system as a global funding service. He aims to make foreign deposits affordable through Stellar’s currency, $XLM. McCaleb believes his platform could transform how people send money internationally, bringing financial access to millions. This vision is drawing interest as demand for cheap, accessible billing options continues to grow. Stellar’s Goal of Affordable International…

Jesse Powell, the founder of Kraken exchange, has voiced strong support for Brian Brooks, the former acting US Comptroller of the Currency, as the next Chair of the Securities and Exchange Commission (SEC). Powell highlighted Brooks’ broad expertise in a Nov. 19 post on X, noting that his understanding extends beyond crypto to the SEC’s regulatory mandate and defined limits. Powell also criticized the SEC’s current state, suggesting it has deviated significantly from its core responsibilities, harming US businesses and financial markets in the process. Fox Business reporter Eleanor Terrett confirmed that Brooks is being considered for various financial regulatory…

Binance, the biggest crypto exchange, has reaffirmed its importance in forming market movements. As per Mignolet, a CryptoQuant analyst, irrespective of going through huge regulatory challenges over the last 2 years, Binance has maintained its dominant role behind Bitcoin price movements. The analyst discussed this in an exclusive report. Binance market has become increasingly significant“Market prices remain predominantly driven by the liquidity of the futures market, and Binance continues to be a cornerstone of this dynamic.” – By @mignoletkr Read more 👇https://t.co/HNPLxouLNp pic.twitter.com/6J3qWqmKK9 — CryptoQuant.com (@cryptoquant_com) November 18, 2024 Binance Still Contributes to Bitcoin’s Price Dynamics with Dominance in Futures…

Cryptocurrency-focused economist Timothy Peterson has shared an optimistic outlook on Bitcoin’s price trend in the coming months, suggesting that the largest cryptocurrency could reach the $100,000 level as early as February 2025. In a recent statement, Peterson presented a trend analysis that challenges the widely accepted idea of diminishing returns for Bitcoin. No Evidence of Declining Returns: According to Peterson, Bitcoin’s current price trend is consistent with previous trends, contradicting the claim that Bitcoin’s earning potential has diminished as the market matures. $100K in 90 Days? Peterson suggested that a move slightly above the established trendline could take Bitcoin to…

Securitize has rolled out its S-Token Vault, utilizing ERC4626 technology to elevate liquidity and streamline portfolio management for institutions holding tokenized real-world assets (RWAs). Bridging Finance and Defi: Securitize Launches Next-Gen S-Token Vault The project, revealed in a statement shared with Bitcoin.com News, was developed by Securitize Credit, a subsidiary of Securitize. It links up with Elixir’s DEUSD RWA Institutional Program, paving the way for fresh opportunities in decentralized finance (defi). This S-Token Vault offers institutional investors a way to tap into liquidity through DEUSD while maintaining the benefits of their original investments. Securitize noted in its announcement that this…

The US Securities and Exchange Commission (SEC) has approved spot Ethereum ETFs after Bitcoin, thus deciding that ETH is not a security. However, Prometheum Capital continues to provide ETH custody services, claiming that Ethereum is a security. This situation has also caught the attention of Republican members of the US House of Representatives, who have questioned the SEC and the Financial Industry Regulatory Authority (FINRA) regarding Prometheum Capital’s ETH custody services. Accordingly, four Republican members of the U.S. House Financial Services Committee, John Rose, French Hill, Dusty Johnson, and William R. Timmons IV, expressed their concerns about Prometheum Capital’s continued…

According to the latest data, the stablecoin economy now holds a value of $172.892 billion, with October adding $555 million to the fiat-pegged token market. Stablecoin Market Continues to Climb Last month saw stablecoins grow modestly, with the market inching up 0.32% from $172.337 billion to $172.892 billion. Leading the pack, tether (USDT) now boasts a sizable market cap of $120.522 billion, which translates to 69.71% of the stablecoin sector’s total value. October’s numbers indicate a 0.7% rise in USDT’s supply. In second place, usd coin (USDC) holds a $34.629 billion market cap, marking a 1.9% dip from the previous…

Allegations of a $78 million crypto fraud and a police raid are rocking Assembly elections in India’s Maharashtra state, which are underway at press time. Maharashtra is India’s wealthiest state and home to the country’s financial capital, Mumbai. The ruling Mahayuti alliance, which includes prime minister Narendra Modi’s BJP party, faces main opposition from the MVA, a coalition that includes the NCP (SP). Just days before polling opened, a former police officer accused MP Supriya Sule of the NCP (SP) of misappropriating seized bitcoin to fund its election campaign. They claim that Sule and state Congress chief Nana Patole took…

Binance’s digital wallet has seen a meteoric rise in Venezuela, climbing to the 33rd spot on the list of the country’s most downloaded apps. This achievement places it just above Snapchat and just below WhatsApp, two of the most widely used messaging platforms in the nation. The surge in downloads highlights the growing interest in cryptocurrencies as more Venezuelans turn to digital solutions for financial stability amid an ongoing economic crisis. With inflation soaring and the local currency, the bolívar, rapidly losing value, the Binance wallet has become an essential tool for protecting assets and conducting transactions in Bitcoin and…