Author: NBTC

iShares Bitcoin Trust (IBIT) and Ethereum Trust (ETHA) collectively drew in around $158 million in net inflows on Tuesday amid a crypto market recovery that saw Bitcoin surge past $64,000. According to data tracked by Farside Investors, the IBIT fund logged approximately $99 million in new capital, bringing its total net buying since launch to $21 billion. IBIT made a strong performance after a period of stagnation with minimal inflow days reported, several days of no flows, and some bleeding days. Tuesday’s gain marked IBIT’s largest single-day inflow since August 23. Competing funds managed by Fidelity and Bitwise also posted…

The popular Shiba Inu (SHIB) meme coin and its layer-2 solution, Shibarium, show a connection based on their most visible performance charts. The SHIB price has delivered potential for price recovery but is still far from its July high of $0.000017. Correlation between Shibarium and Shiba Inu According to data from Shibariumscan, daily transactions as of this writing are over 4,000. However, the growth trajectory over the past month has been unsteady. Between July 12 and Aug. 12, daily transactions on Shibarium peaked at over 8,000 and dropped to 1,000. SHIB is also experiencing the same unsteady movement, as seen…

Jake Chervinsky, chief legal officer of cryptocurrency-centered venture capital firm Variant Fund, has stated that the Securities and Exchange Commission has been “roasted” before the Court of Appeals for the Third Circuit. “It’s past time to put an end to the SEC’s unlawful campaign of regulation by enforcement. The Third Circuit might do it,” he said. On Tuesday, cryptocurrency exchange Coinbase made oral arguments before the Third Circuit in its case against the SEC. The company took aim at the regulator’s “arbitrary” and “capricious” denial of the company’s petition for rulemaking. The appeals court judges reportedly grilled the SEC over…

Bitcoin historian Pete Rizzo recently revisited a profound statement by the pseudonymous creator of Bitcoin, Satoshi Nakamoto, that still resonates with the cryptocurrency community today. In a tweet, Rizzo highlighted this significant piece of Bitcoin history, taking the community back to the early days of Bitcoin. Rizzo shared Satoshi’s statement, which dates back to nearly 14 years ago: “If you dont believe it or dont get it, i dont have time to try to convince you, sorry.” ✨ Satoshi Nakamoto on #Bitcoin at $0.07, exactly 14 years ago. Believe it 🚀 pic.twitter.com/M4N1JQWRjR — The Bitcoin Historian (@pete_rizzo_) July 28, 2024…

Flamingo Finance has announced the forthcoming relaunch of the Poly Network bridge and released a slew of updates. The updates include an Action Center to migrate f- and p-assets affected by the recent Poly Network hack, FLM token emission changes, and new collateral tokens and interest rates for Flamingo Lend. In early September, Poly Network announced the complete termination of its cross-chain services following the third significant exploit the bridge service provider faced in as many years. In the most recent attack, the hacker absconded with more than US $3 million in digital assets, which caused the de-pegging of wrapped…

Ethereum ($ETH) has climbed back to $2,700, mirroring a broader crypto market rally. Data from top analytics firm Santiment, shows the rebound coincides with a noticeable uptick in social media chatter and trading activity, marking key achievements for the second-largest cryptocurrency. 🗣️ Ethereum’s market value has rebounded as high as $2,700 as crypto continues to extend its rally. There is renewed interest toward the #2 market cap asset on social media, and margin/leverage exchange ETH wallets have spiked as well. Both are enjoying 7-week highs. 📈 pic.twitter.com/3dagDLoGQK — Santiment (@santimentfeed) September 23, 2024 Surge in Social Media and Trading Activity…

The Middle East and North Africa region has become the seventh-largest cryptocurrency market as both retail and institutional adoption grows. According to a Chainalysis report, MENA received $338.7 billion in cryptocurrencies between July 2023 and June 2024, securing the seventh spot. This accounted for 7.5% of the global on-chain value. 1/ MENA is the 7th largest crypto market we studied in 2024, receiving ~$338.7B in on-chain value. Türkiye (#11) and Morocco (#27) rank high in our adoption index, capturing $137B and $12.7B, respectively. pic.twitter.com/uKfFJMsLrF — Chainalysis (@chainalysis) September 25, 2024 Türkiye leads the region with $137 billion in on-chain value…

In a recent analysis by on-chain analytics firm IntoTheBlock on X, the Cardano network has been highlighted for its impressive on-chain volume. The data reveals that Cardano settles approximately $7.2 billion daily in on-chain volume, a figure that surpasses many other blockchain networks. This substantial volume showcases the utility of the Cardano network. However, this impressive on-chain volume yields an impressively low NVT ratio of just 2.62, which could indicate ADA is undervalued. Cardano’s number of addresses with a balance has hovered around 4.45 million for over a year. Here’s what’s going on👇During the last cycle, Cardano experienced significant growth,…

With the SEC v. Ripple lawsuit approaching a critical stage, prominent XRP community figure Zach Rector outlines three events he is anticipating if none of the parties appeal. According to Rector, the multi-year lawsuit is in the grand finale stage, with an appeal window closing in less than two weeks, specifically on October 7. Rector pointed out that the longstanding legal battle will officially come to an end if neither the SEC nor Ripple files an appeal notice on or before the appeal window closes. 3 Upcoming Events With the lawsuit nearing its conclusion, Rector highlighted three major events that…

Widely followed crypto analyst Rekt Capital is suggesting that Bitcoin (BTC) is at a point in its market cycle that has historically preceded massive moves to the upside. The pseudonymous analyst tells his 483,000 followers on the social media platform X that BTC is at a major turning point that has unfolded in previous chapters of Bitcoin’s history. Rekt Capital’s chart suggests that BTC goes parabolic right after convincingly breaking through the previous all-time high. “BTC. We are here (green circle).” Source: Rekt Capital/X After a bounce off of the $65,000 mark, the analyst says that Bitcoin has officially confirmed…