Author: NBTC

The leading cryptocurrency, Bitcoin ($BTC), continues to trade below $70,000 due to increasing macroeconomic uncertainty stemming from the US-Iran conflict. Although talk of a bottom for $BTC has increased recently after facing sharp declines since October, one analyst predicted further declines before the bottom is reached. On-chain analyst Willy Woo, in his analysis from account X, predicted that $BTC’s bottom could be in the $46,000-$54,000 range. According to Woo, on-chain models indicate a bottom for $BTC in the $46,000-$54,000 range. According to Woo, who noted that this prediction is based on traditional on-chain models, an indicator representing capital flows into…

Investors are pouring record amounts of capital into U.S. industrial and infrastructure-focused exchange-traded funds (ETFs), reflecting growing confidence in the next phase of the artificial intelligence (AI) boom. In this line, industrial sector ETFs attracted about $25 billion in inflows over the past 12 months, marking a record high. At the same time, infrastructure and power-related ETFs drew roughly $21 billion, according to data shared by financial markets commentary platform The Kobeissi Letter on May 3. The surge marks a sharp increase from 2024 levels, with inflows into industrial ETFs jumping about 400%, while infrastructure and power ETFs rose roughly…

Kraken’s Etana fraud case alleges a Ponzi-like scheme diverted more than $25m in client funds. Kraken’s Etana fraud case alleges a Ponzi-like scheme diverted more than $25m in client funds. Kraken’s parent company Payward filed a second amended complaint on May 4 in the US District Court for the District of Colorado, accusing Etana Custody and its CEO Dion Brandon Russell of commingling custodial assets with operating funds, financing risky bets, and sending falsified account reports that showed balances as fully intact while a funding gap widened. Payward says Etana operated a “Ponzi-like enterprise” that recycled incoming client deposits to…

As part of efforts to run its AI-powered decentralized applications efficiently and offer better user experience, Spores Network, a Web3 multi-chain launchpad, today announced a strategic partnership with Metay, a decentralized AI compute marketplace. This collaboration enabled Spores Network to integrate Metay’s decentralized AI compute infrastructure to make its Web3 launchpad services scalable and accessible, powered by cost-effective and distributed computing resources. Spores Network is a multichain launchpad platform that enables effortless user participation and support for emerging Web3 projects. Its launchpad gives Web3 startups the chance to connect with the target users, and as a result, expands access to…

Pierre Rochard, CEO of The Bitcoin Bond Company, warned US banking regulators that their sweeping Basel III capital rewrite leaves unresolved how Bitcoin-related activities should be treated, a gap he says could create legal risk and shape how much capital banks must hold against the asset. In a formal comment submitted March 29 to the US Federal Reserve, the Federal Deposit Insurance Corporation and the Office of the Comptroller of the Currency, Rochard said agencies cannot finalize rules that effectively determine capital treatment for Bitcoin ($BTC)-related activities without clearly explaining the framework and evidence behind that treatment. The regulators’ March…

Peter Thiel’s Founders Fund has closed a new $6 billion fund, marking the largest raise in the venture capital firm’s history. The vehicle will focus mainly on late-stage companies as private startups continue to seek large funding rounds outside public markets. Bloomberg reported that Founders Fund raised $6 billion for a new late-stage investment vehicle, citing people familiar with the matter. The raise marks the firm’s biggest fund haul since its launch two decades ago. The fund will target more mature startups rather than early-stage companies. That focus places the firm in competition for large private deals at a time…

The cryptocurrency market was on a positive note mid-week, with Bitcoin’s price climbing to $76,000, but the situation reversed amid signals that the conflict between Iran and the US could escalate. Last night, Bitcoin experienced a sharp decline after US President Donald Trump announced that Iran’s power plants would be attacked if the Strait of Hormuz was not opened within 48 hours. At the time of writing, it is trading at $68,730, down 4.36% for the week. However, the new week will see a significant number of token unlocks that could affect the balance in the cryptocurrency market. Here is…

Four years, one lawsuit, and a mixed ruling later, Ripple’s CEO is taking a victory lap. Brad Garlinghouse called a federal judge’s determination that $XRP is not a security one of the most consequential moments in crypto regulation, arguing it opens the door for institutional adoption and clearer rules across the industry. What the judge actually ruled The SEC sued Ripple in December 2020, alleging the company sold $XRP as an unregistered security, raising $1.3 billion through those sales. In July 2023, Judge Analisa Torres delivered a split decision. She found that Ripple’s institutional sales of $XRP did qualify as…

Morgan Stanley expects bitcoin to reach U.S. bank balance sheets, though key hurdles remain, according to Amy Oldenburg, the bank’s head of digital asset strategy. Speaking at the Bitcoin Conference in Las Vegas, Oldenburg, who was appointed new head of digital-asset strategy this year, outlined how the firm is laying the groundwork for the expansion of its digital asset business as client demand builds. “It’s been many years that we’ve been involved in the broader digital asset space the regulatory environment has been more supportive for us doing that”, Oldenburg said. Oldenburg, who will be speaking at CoinDesk’s Consensus Miami…

One of the most notable recent surges in the cryptocurrency market has been seen in the $SIREN token. According to data, $SIREN gained over 152% in value in the last 24 hours, surpassing the $2.4 level, and its total market capitalization reached approximately $1.72 billion. Data indicates that a highly concentrated supply structure lies behind this sharp increase. According to the on-chain analytics platform MLM monitoring, a single address cluster transferred 484.6 million $SIREN through Hedgey Finance in the last 24 hours. This amount, worth approximately $1 billion, corresponds to 48.5% of the total supply. The unrealized profit from this…