Author: NBTC

The much-anticipated launch of Ethereum spot ETFs has failed to ignite the market as expected, with Grayscale’s Ethereum Trust ETF bearing the brunt of investor skepticism. Wednesday saw a staggering $133 million net outflow from ETH spot ETFs, with the Grayscale Ethereum Trust (ETHE), which was converted to a spot ETF on Tuesday, hemorrhaging $327 million, according to data from SoSo Value. While the firm’s newly created Grayscale Ethereum Mini Trust (ETH) managed to attract $46 million in inflows, and Fidelity’s FETH drew in $74 million, the overall picture for Ethereum ETFs remains clouded. In contrast, Bitcoin spot ETFs demonstrated…

Thanks to some limitations imposed by Markets in Crypto Assets Regulation (MiCA), Ripple, a U.S. fintech decacorn, might have no choice but to issue own stablecoin pegged to Euro (EUR). Also, community enthusiasts are guessing whether XRP might be useful in addressing new roadblocks. Ripple might need own EUR stablecoin, MiCA to blame: Community U.S. crypto heavyweight Ripple might be forced to issue its own stablecoin pegged to EUR, together with some of its competitors in the cross-border remittances segment. Such suggestions were shared by XRP and Ripple community activist Crypto Eri (@sentosumosaba in X) with her 240,000 followers. 🤨Watch…

Donald Trump, the sexual predator, financial felon, and former president, gave a speech at Bitcoin 2024 in Nashville in which he promised many things that the cryptocurrency industry has been hoping for. These included having the United States hold bitcoin, removing Securities and Exchange Commission (SEC) chairman Gary Gensler, and support for stablecoins. United States Bitcoin Reserve Trump noted that the United States Federal Government currently holds 210,000 bitcoins, and he insisted that if he is elected, it will hold them indefinitely. This isn’t a promise that he’ll likely be able to follow through with, since many of these coins…

Today, Re7 Labs revealed that it has chosen Pyth Network as the oracle provider for its Morpho lending vaults. This pivotal partnership brings together one of the premier lending protocols on Base with a top-tier risk management firm, establishing a new standard in the DeFi space.—Re7 Labs, renowned for its innovative vault architecture, has chosen Pyth Network to power its Morpho lending vaults. This collaboration highlights Pyth’s role as a crucial infrastructure provider in the DeFi ecosystem. With its reputation for delivering reliable and low-latency data, Pyth continues to be the preferred choice for vault operators looking to enhance their…

The recent launch of Ethereum ETFs, coupled with a significant market sell-off, has brought the Ethereum price to its lowest in months. In this article we delve into the market dynamics behind this downturn, analyzing the factors contributing to the sell-off and the broader implications for the cryptocurrency market. And what to expect next for the Ethereum price? Ethereum ETF Launch: Optimism Turns to Sell-Off The much-anticipated launch of spot Ethereum ETFs initially sparked optimism among investors. However, this enthusiasm quickly turned into a sell-off, leading to a sharp decline in Ethereum price. Based on some analysts’ research, they explained…

Mocaverse has announced a new strategic partnership with BLOCKLORDS. This collaboration aims to share users and expand the gaming ecosystem. BLOCKLORDS is one of the first partners in the Moca Network to adopt the $MOCA token. With this partnership, players can use $MOCA to make in-game purchases, enhancing their gaming experience. Ready to enter the Moca Dynasty? 👑Announcing our strategic partnership with @BLOCKLORDS where we cross-pollinate users and grow the gaming ecosystemBLOCKLORDS is among the first cohort of Moca Network partners to adopt $MOCA, where players can make in-game asset purchases… pic.twitter.com/lSDFNhOjWM — Mocaverse💼🪐 (@Moca_Network) July 20, 2024 Mocaverse Aims…

The Financial Conduct Authority (FCA) has launched a review to enhance its rules governing financial services, with the aim of promoting innovation and reducing costs. This initiative aims to ease the regulatory burdens on businesses, support economic growth, and enhance the UK’s financial markets. The review followed the introduction of the Consumer Duty, which ensures businesses deliver favorable outcomes for consumers purchasing financial products and services. The FCA has now called on industry players to identify overlapping or redundant rules that could be simplified under the new Duty. This simplification aims to lower firms’ costs and encourage a higher risk…

Bitcoin’s potential environmental benefits highlight a stark contrast with the traditional financial system’s exploitation of natural resources. Margot Paez, a fellow at the Bitcoin Policy Institute, has examined Bitcoin through the lens of a climate activist, questioning mainstream narratives about its environmental impact. Her research reveals that Bitcoin, often criticized for its energy consumption, may offer a more sustainable alternative to the current financial system. Paez argues that the existing FIAT financial system’s detachment from the planet’s physical resources has exacerbated climate change. She emphasizes that our money must reflect the finite nature of these resources to prevent deep ecological…

SafePal has announced a new integration with deBridge. It aims to enhance cross-chain interoperability for its users. This integration allows seamless token swaps between EVM (Ethereum Virtual Machine) networks like Ethereum, BNB Chain, and Arbitrum, as well as non-EVM chains such as Solana. This development simplifies the process of moving assets across different blockchain networks, making it more convenient for users. #SafePal has now integrated @deBridgeFinance🙌Swap seamlessly across different blockchains with deBridge on SafePal mobile & hardware wallet & earn deBridge points✨📱DL to get started: https://t.co/fBj8jI8KoF📚https://t.co/Arupz6Mbwr#SFP #deBridge pic.twitter.com/aQ7gZBcszj — SafePal – Crypto Wallet (@iSafePal) July 29, 2024 SafePal Users to…

Ethereum spot exchange traded funds (ETFs) are trading in the US, but you might not guess it from looking at the price. In fact, ETH has sunk 8.2% over the week since the ETFs went live. This has caused investors to question when Ethereum’s price will start to rise as a result of the new funds buying ETH and creating more scarcity. Market analysts and crypto experts believe it’ll be some time before the new ETFs start making an impact. “When observing the current price of Ethereum (ETH), it is worth remembering that after the launch of Bitcoin ETFs, despite…