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Author: NBTC

NBTC is the editorial account for NBTC News, covering Bitcoin, Ethereum, DeFi, blockchain infrastructure, exchanges, mining, regulation and digital asset markets. The editorial team focuses on clear sourcing, timely updates and practical context for crypto readers.

EU Approves Commissioners, Including Ones Who Will Likely Oversee Crypto Rules

Legal

The European Parliament approved its slate of commissioners on Wednesday, including the individuals who will be responsible for monitoring regulations around digital assets. In September, European Parliament President Ursula Von der Leyen proposed a list of commissioners. While crypto did not stand out as a core topic amongst the roles, this group will be responsible for ensuring digital asset rules are implemented. The European Union (EU), a bloc of 27 nations, was the first major jurisdiction in the world to establish a bespoke crypto legislative package last year, otherwise known as the Markets in Crypto Assets legislation (MiCA). Stablecoin rules…

Bitcoin (BTC) Set to Ensure 100% Holder Profitability as Price Eyes $78,000

Bitcoin

Bitcoin’s (BTC) recent price surge, which has seen the cryptocurrency increase by 10% over the past seven days, has placed 95% of its holders in profitable positions. This upward momentum suggests that Bitcoin could be on the verge of hitting a new all-time high. Currently, the price is close to retesting the $70,000 mark. This on-chain analysis explains how the coin could climb beyond this level and what it could mean for investors. Bitcoin’s Uptober Gets Back on Track Bitcoin’s price action in October initially raised concerns, as it dropped from $63,000 to below $59,000. This led to doubts about…

Bettors and Analysts Divided on Fed’s Next Step

Regulation

Based on current data, 24 days before the upcoming Federal Open Market Committee (FOMC) meeting, there’s a 52.7% likelihood of a quarter-point rate cut, according to CME Group’s Fedwatch tool. Markets Signal Mixed Messages Ahead of FOMC Meeting The U.S. Federal Reserve‘s federal funds rate outlook for December remains a toss-up. The odds of no rate change and a modest 25 basis points reduction are running close, but the quarter-point cut slightly leads. CME’s Fedwatch tool, which leverages the pricing of 30-day Federal Funds futures contracts to predict potential rate shifts, places the probability of a 25bps cut at 52.7%.…

Fan tokens rise after Binance lists SANTOS, causing the asset to surge over 100%

Altcoins

Fan tokens have witnessed increased investor interest after Binance announced listing SANTOS, Santos FC Fan Token. After the listing announcement, other fan tokens, such as the Paris Saint-Germain fan token and the Manchester City fan token, have witnessed significant gains. Santos FC Fan Token attracted investors’ attention after surging by more than 100% after Binance, the world’s largest exchange by volume, listed the Fan token. According to data from Coinmarketcap, the token is currently trading at $7.08 with a 24-hour trading volume of $283.72 million. The token’s price is up by 113.55%, and its 24-hour trading volume is up by…

BitWise Files for 10 Crypto Index ETF with SEC

Legal

BitWise filed an application with the SEC to create an ETF based on its 10 Crypto Index Fund. If approved, this would be the most diversified and extended crypto ETF in the US market. Earlier this week, BitWise also filed for a Solana ETF with the SEC, following the applications of Canary Capital, VanEck, and 21Shares BitWise is Looking to Expand its Crypto ETF Offerings According to the filing, the fund includes Bitcoin, Ethereum, Solana, XRP, Cardano, Avalanche, Chainlink, Bitcoin Cash, Polkadot, and Uniswap. BitWise has maintained this initial fund since 2018, correlating its value with the ten most highly…

Bitcoin's breakout has 'finally arrived': Is $100,000 next?

Bitcoin

With Bitcoin (BTC) seemingly resuming its bullish momentum, a trading analyst has offered insights regarding the asset’s next possible stop. In this context, the maiden cryptocurrency has broken through key resistance levels, signaling a potential rally towards the new record high of $100,000, but several barriers need to be cleared in the short term, MarketMaestro noted in an X post on October 18 This outlook is backed by the fact that Bitcoin appears to be breaking out of a multi-month consolidation pattern in a move reminiscent of the bullish “head and shoulders” formation. According to the expert, Bitcoin’s left shoulder,…

Cantor Fitzgerald Plans $2 Billion Bitcoin Lending Program via Tether: Report

Regulation

U.S. financial services and bond trading firm Cantor Fitzgerald is reportedly discussing a multibillion-dollar Bitcoin-backed lending program with the help of Tether. The proposed program would allow clients to borrow dollars using Bitcoin as collateral. Initially, the operation would begin with a $2 billion allotment, though it has the potential to expand as crypto sees more adoption, according to a Bloomberg report on Saturday. It's yet another step towards a symbiotic relationship between Wall Street and the crypto industry, which has deepened this year, particularly as an expected transition in crypto policy comes to the fore as Trump prepares to…

Litecoin ETF Hype Triggers Unexpected Inflow, What Next?

Altcoins

Litecoin (LTC), currently ranked the 19th-largest cryptocurrency, has experienced surging inflows in the past week. This move is fueled by hype surrounding a potential Litecoin Exchange-Traded Fund (ETF). Litecoin inflows, per CoinShares report James Butterfill, a senior researcher at CoinShares, released a blog post showing inflows into digital assets in the past week. Notably, digital asset investment products saw inflows of $901 in the past week. LTC was a top performer, attracting weekly inflows of $1.8 million. Total inflows for the month and this year total $4.5 and $43 million, respectively. As a result, the total assets under management (AUM)…

Will Trump extend presidential pardon to Binance’s CZ? 2 strong reasons it might happen

Legal

As Donald Trump returns to the US presidency again, his pro-crypto stance has sparked optimism for Binance. IOHK founder Charles Hoskinson and crypto advisor and VC John Lilic are calling for a pardon for Binance founder Changpeng Zhao. Many hope that the crypto industry will mature at least in the regulatory framework under pro-crypto administrators. This could cut short financial windfalls for regulated businesses in the sector. However, its impact on Binance is speculative at best at the time of writing. Why are there calls for a Presidential Pardon for CZ? A Presidential Pardon is a legal act. In the…

Exploring 7 Different Investment Strategies for Bitcoin: A Guide for Investors

Bitcoin

Investing in bitcoin (BTC) does not require buying a whole coin. Investors can buy fractions of a bitcoin, making it accessible to a wide range of budgets. This accessibility allows investors to explore a variety of strategies suited to their risk tolerance and goals. The following editorial explores seven distinct types of investment methods and how each one works. Dollar-Cost Averaging: The Easiest and Least Risky Approach When investing in bitcoin (BTC), a fundamental point to remember is that you do not need to purchase an entire bitcoin to get started. Bitcoin is divisible down to eight decimal places, allowing…