Author: NBTC

The financial market recently welcomed a new XRP Trust from Grayscale, three years after the initial one was liquidated due to the SEC-Ripple lawsuit. With the end of the suit last month, Grayscale relaunched the XRP investment product this month, on September 5. The performance of the Grayscale XRP Trust has been commendable since the relaunch, attracting attention from the XRP community. While this development further boosts optimism about XRP’s market value, some are pondering the difference between buying an XRP Trust and buying XRP tokens directly. Coach JV, a widely followed commentator in the community, attempted to clarify the…

B2C2, a provider of institutional liquidity for digital assets, announced an integration of OpenPayd’s embedded finance tools into its instant settlement network. According to the release, the partnership aims to simplify fiat currency transactions for B2C2’s clients in trade settlement processes. B2C2, a digital asset trading firm backed by Japan’s SBI Holdings, offers institutional clients liquidity across various market conditions. OpenPayd, a Banking-as-a-Service (BaaS) platform, provides global payment capabilities aimed at reducing friction in traditional banking. “Today’s digital financial ecosystem requires more agility, speed, and around-the-clock functionality—traits that conventional banking models struggle to deliver” said Massimo Di Placido, Group CFO…

Bitcoin prices took a tumble today, falling close to 8% in less than 24 hours as markets responded to several bearish variables including lackluster jobs data. The world’s most prominent digital currency dropped to $52,530 around 5 p.m. EST, according to Coinbase data provided by TradingView. At this point, the cryptocurrency was down approximately 7.8% after rising to nearly $57,000 earlier in the day, additional Coinbase figures pulled from the same source reveal. Since falling to roughly $52,500, the digital asset has bounced back somewhat, trading close to $53,800 at the time of this writing. However, the cryptocurrency has failed…

The third-quarter (Q3) earnings report abruptly ended Tesla’s (NASDAQ: TSLA) losing streak and led the electric vehicle (EV) maker to have one of its best stock market days ever, as the EV maker surged more than 24% within a single session. Subsequent market moves enabled Tesla to grow its market capitalization by some $150 billion within hours – and Elon Musk’s wealth by some $20 billion. Such a rise, while enabling TSLA to turn green in the year-to-date (YTD) chart after several months in the negative, also reignited the question of what might be next for the EV giant, particularly…

The recent interest rate cuts by the Federal Reserve have triggered a surge in whale activity for key altcoins like Fantom (FTM), Immutable X (IMX), and Basic Attention Token (BAT), according to Santiment, a leading market intelligence platform. Over the past day and a half, these altcoins have seen a significant rise in transactions made by large holders, which indicates growing confidence in their potential. Whale Activity Indicates Optimism Santiment’s report highlights that the uptick in whale transactions could indicate strong confidence in these altcoins’ future performance. This suggests that large investors believe these altcoins could perform well, especially following…

Oct 28 (Reuters) – Robinhood (HOOD.O, opens new tab announced the launch of U.S. presidential election event contracts on Monday, enabling customers to trade based on their prediction for the tightly contested race between Vice President Kamala Harris and former President Donald Trump. Markets will be watching the Nov. 5 contest closely and analysts expect volatility across asset classes in the run-up to the results. The trading platform, popular among retail traders, said the presidential election event contracts will start rolling out to a limited number of users on Monday and that customers trading in them must be citizens of…

Old-school commodities trader who has been in the business since as early as the 1970s, Peter Brandt, has addressed his followers with quite a gloomy comment on the situation Bitcoin has found itself in by now. It happened after the world’s biggest digital currency demonstrated a nearly 6% decline during the last 24 hours. Peter Brandt’s Bitcoin correction comment As Bitcoin plunged from the $56,500 zone to $53,200, Peter Brandt took to his profile on the X social media network (formerly known as Twitter) to grudgingly point out that the last time BTC had closed at that low a level…

On Thursday, Ark Invest, led by Kathy Wood, made some interesting trades, the most significant of which was the sale of Tesla Inc (TSLA) shares. Ark Invest sold 85,456 shares of Tesla from its ARK Innovation ETF (ARKK) and ARK Autonomous Technology & Robotics ETF (ARKQ), which totaled $22.22 million based on Tesla’s closing price of $260.48 per share. The sale took place on a day when Tesla’s stock rose 21.9%. The decision to sell followed Tesla’s impressive third-quarter earnings report, which beat expectations and highlighted improving profit margins. Additionally, the company presented a positive outlook for vehicle deliveries through…

The meme coin market is rallying with tokens like WIF, BRETT, BONK, PEPE, and FLOKI showing significant price surges. Factors contributing to these gains over the past few days include positive market sentiment following the U.S. Federal Reserve’s rate cut, whale accumulation, and speculative buying. Whale Accumulation Fuels WIF Surge WIF grabbed investor attention after a whale accumulated 2.5 million tokens. This whale borrowed $4.5 million in stablecoins from a DeFi protocol to buy 2.55 million WIF tokens. Now with a total holding of 31.2 million tokens, the whale currently has a profit of over $74 million. This recent acquisition…

In a move to broaden trading choices for its users, Binance has officially unveiled the SANTOSUSDT perpetual futures contract, associated with the Santos FC Fan Token (SANTOS). This significant launch allows traders to utilize leverage ratios of up to 75 times, enhancing their trading capabilities. Contents hide 1 What Are the Key Features of the New Contract? 2 How Does the Funding Rate Function? What Are the Key Features of the New Contract? The SANTOSUSDT futures contract is designed to capture the interest of crypto traders with a focus on sports. Users can trade SANTOS using USDT as collateral, which…