Author: NBTC

VanEck, one of the first asset manager in the U.S. that offered international markets to its users, has made significant step to make it easier for the people to invest in the booming world of cryptocurrency. The firm has launched the VanEck Pyth Exchange Traded Note (ETN) which will simplify access to the Pyth Network on Solana Blockchain Technology and enable easy investment for the users. Asset management company VanEck has listed the VanEck Pyth exchange-traded note (ETN), on Euronext Amsterdam and Euronext Paris today. Pyth is the oracle on Solana. Previously, VanEck launched Solana ETN in the European market.…

The Kingdom of Bhutan, a Buddhist country in South Asia continues to stack Bitcoin holdings and now owns 13,380 Bitcoins worth $905 Million. The South Asian country has been quietly hodling and in the past 17 hours bought 3.33 (worth $225K, at the time of writing) Bitcoin from Foundry Digital. Additionally, a day ago, Bhutan was awarded 7.337(which is worth $497K) Bitcoin as a mining reward. Founder of Lyn Alden Investment Strategy. Lyn Alden pointed out Bhutan’s strategy for Bitcoin holdings and wrote on X, “Bhutan has a lot of hydro energy, so they’re just out here quietly mining bitcoin…

One of the recent large transactions on the Aave platform involved borrowing $1.5 million of USDT to purchase nearly 9,829 AAVE tokens. This trade was made a few hours ago, and this particular whale has been trading in AAVE and has bought as many as 75,493 tokens since the 13th of October, 2024. A whale borrowed 1.5M $USDT from #Aave to buy 9,829 $AAVE 3 hours ago.This whale is long $AAVE and has bought 75,493 $AAVE($11.57M) since Oct 13, with an average buying price of $153.https://t.co/PZwShBYABX pic.twitter.com/UxMKIReTQC — Lookonchain (@lookonchain) November 15, 2024 The total value held for AAVE is…

Ethereum circles are endlessly debating whether ETH should be seen as “money” in the same way bitcoin is embraced as a commodity currency. In a Devcon talk Thursday, Ethereum Foundation researcher Mike Neuder laid out his case for ether’s foundational attributes both as a permissionless and programmable asset, and as a resilient form of decentralized money. Neuder explored how ETH can serve as a secure, global currency— one with intrinsic safeguards for property rights, censorship resistance, and self-sovereignty across the multi-layered Ethereum ecosystem, eventually including its rollups. To explain Ethereum’s “permissionlessness,” Neuder referenced Hayek and Friedman on property rights, emphasizing…

Goldman Sachs has expanded its holdings in BlackRock’s iShares Bitcoin Trust (IBIT) to 12.7 million shares valued at $461 million, which represents an 83% increase from its previous position of approximately 6.9 million shares, according to a new SEC filing first reported by MacroScope. The recent increase in Goldman Sachs’ IBIT holdings greatly outpaces Capula Management’s approximately $253 million holdings. The firm is now the second-largest holder of IBIT, trailing only Millennium Management, which holds approximately $844 million in IBIT shares. The investment bank, which was added by BlackRock as authorized participants for its Bitcoin ETF, has also invested in…

In recent hours, a staggering 999,999,999 Dogecoin (DOGE), valued at approximately $169.2 million, was transferred from Binance to an unknown wallet, according to Whale Alert. This movement of such a large amount of DOGE has sparked speculation within the crypto community, as transactions of this magnitude are rare. Whale Alert reports: “999,999,999 DOGE worth $169,209,520 transferred from Binance to unknown wallet.” 🚨 🚨 🚨 🚨 🚨 🚨 🚨 999,999,999 #DOGE (169,209,520 USD) transferred from #Binance to unknown wallethttps://t.co/2tAYMPpOH9 — Whale Alert (@whale_alert) November 5, 2024 The size of this transaction, nearly one billion DOGE, suggests that institutional investors or large…

BlackRock’s first tokenized product, launched on Ethereum in March, is now accessible on the Aptos, Arbitrum, Avalanche, Optimism’s OP Mainnet and Polygon networks. BUIDL, the largest blockchain-based money market fund, is backed by short-term U.S. Treasuries and has $520 million of assets. BlackRock, the world’s largest asset-management company, said it is bringing its tokenized real-world asset fund to five more blockchains, taking it beyond Ethereum and expanding access to the largest money-market fund token. The BlackRock USD Institutional Digital Liquidity Fund (BUIDL), issued in partnership with tokenization platform Securitize, is now accessible on the Aptos, Arbitrum, Avalanche, Optimism’s OP Mainnet…

The 50-day moving average (50 MA) crossing above the 200 MA is known as a golden cross in trading, and it frequently causes traders to become slightly more excited than they should probably be. Golden crosses are typically used to indicate bullish momentum and a possible rally. However, there is somewhat of a disagreement now regarding the indicator’s significance, particularly given how erratic the cryptocurrency market is. Golden crosses have not always resulted in long-term bullish trends for Bitcoin in the past. The fact that a golden cross is a lagging indicator must be understood even though it does occasionally…

Ethena Labs integrates sUSDe into Aave, enabling billions in stablecoin borrowing and 30% APY exposure. Ethena proposes Solana and staking derivatives as USDe-backed assets to boost scalability and collateral diversity. Ethena Labs has reported a key milestone with the seamless integration of sUSDe into Aave. By means of this integration, sUSDe can act as collateral on the Ethereum mainnet and Lido instance, therefore enabling borrowing billions of stablecoins against sUSDe. Ethena Labs claims that this breakthrough makes sUSDe a special value in the Aave ecosystem, especially with its outstanding APY of about 30% this week, which is the highest APY…

Ethereum price started a downside correction below the $3,250 zone. ETH is now consolidating near $3,000 and might attempt a fresh increase. Ethereum started a short-term downside correction below the $3,250 zone. The price is trading above $3,200 and the 100-hourly Simple Moving Average. There is a connecting bearish trend line forming with resistance at $3,185 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a fresh increase if it remains stable above the $3,000 zone. Ethereum Price Hits Support Ethereum price failed to extend gains above the $3,450 zone and started a downside correction…