Author: NBTC

The recent approval of spot Ethereum ETFs by the SEC has sparked discussions about the possibility of similar investment vehicles for other cryptocurrencies. Among the contenders, XRP stands out, with speculation arising regarding the potential launch of an XRP exchange-traded fund in the U.S. next year. However, opinions within the XRP community are divided on the matter. A recent poll conducted on a social network revealed that 66.1% of respondents believe there will be an XRP ETF in 2025, while 33.9% disagree. Some members of the community express enthusiasm for the prospect of an XRP ETF, anticipating increased institutional investment…

In a surprise move, the U.S. SEC has canceled its closed-door meeting originally scheduled for today, July 18, which was anticipated to potentially discuss the ongoing Ripple lawsuit. The agency updated this cancellation notice via its website on Wednesday, July 17. This meeting was highly anticipated by the XRP community, as they expected it could potentially lead to a settlement between the SEC and Ripple, bringing an end to the multi-year legal battle. Top SEC commissioners and officials were initially set to attend the closed-door meeting, which has now been canceled. According to the SEC’s Sunshine Act notice, the meeting…

Bitcoin’s current $56,500 price aligns with the 38.2% Fibonacci level, acting as a support zone. The 38.2% retracement level is vital for maintaining trends. Markets staying above this level tend to persist in their current direction. The 38.2% retracement level holds significant importance as it aligns with the ‘Golden Rule’ in trading. This rule states that any market intending to sustain its current trend must maintain above the 38.2% level. BTC is trading at $56,500, which perfectly aligns with the 38.2% Fibonacci level. This level acts as a support zone where increased buying interest could push the price back up.…

Dogecoin (DOGE) has seen a noticeable decline in the activity of major players, or “whales,” coinciding with the recent passing of Kabosu, the dog immortalized in the iconic Doge meme. Analysis of key metrics shows a significant decline in whale activity. Thus, according to IntoTheBlock, large transactions involving DOGE have dropped significantly over the past 24 hours, down 29.69% to 6.63 billion DOGE. Of particular note is the drop in transactions exceeding $100,000, from $1.56 billion to $1.12 billion, with 1,300 such transactions recorded during the period. The decline in whale activity is also evidenced by a marked reduction in…

The UK’s Financial Conduct Authority (FCA) has lifted all restrictions on the licence of London Capital Group Ltd (LCG), a retail forex and contracts for differences (CFDs) broker owned by the now-bankrupt FlowBank. The restrictions were imposed on 13 June following FlowBank’s bankruptcy. LCG’s UK entity operates as an introducing broker for IG Group, which was once its direct competitor. The FCA’s previous actions against LCG included restrictions on onboarding new clients or introducing any new client under its introducing broker business. Furthermore, it could not accept new client money or carry out regulated activities. Additionally, the regulator also imposed…

Bitcoin (BTC) has broken down from a four-month price range, shifting the sentiment from bullish to neutral and now bearish. In this context, Finbold looked to key support and resistance levels that cryptocurrency traders and investors should watch moving forward. As of this writing, BTC trades at $56,825, halfway between $50,000 and $60,000, two key psychological levels. Interestingly, the psychological resistance is at the broken four-month rage’s support, increasing its relevancy to regain the previous momentum. Meanwhile, the psychological support is close to the 365-day exponential moving average (365-EMA) at $50,589, an important year-over-year level. The 30-day EMA makes resistance…

This week, meme coins have dominated as they appear among the week’s top gainers. This week’s pump can be attributed to the anticipated approval of Ethereum ETFs and the excitement surrounding it, which has since sparked renowned interest in cryptocurrency. Ethereum Price Review Ethereum (ETH) is among the gainers this week amid of the ETF approvals. As of press time, Ethereum, trading at $3,768, had seen a 21.2% pump from its previous seven-day price, as its market cap stood at $454B during the same period. The Ethereum price pump is primarily attributed to the ETF approvals. As of Thursday, the…

South Korean authorities have sought a court to issue an arrest order for a cryptocurrency market maker involved in an altcoin fraud case. According to Yonhap, the market maker, surnamed Park (43) and called Jon Bur Kim, is accused of price manipulation violations. The Seoul Southern District Prosecutors’ Office’s Virtual Asset Joint Investigation Team claims Park embezzled “a large sum of money” by arranging large-scale cryptocurrency “price manipulations.” Park developed a sizable social media following, earning the nickname “Coin King.” He routinely shared images of his collection of luxury sports cars and other high-end stuff. A branch of the Seoul…

The following is a guest post from Shane Neagle, Editor In Chief from The Tokenist. Half a year after Bitcoin ETFs launched, it is safe to say that they have been the most successful ETF launch in history, having generated a $309.53 billion volume. Just within the first day of trading, spot-traded Bitcoin ETFs pulled in $4 billion, crushing the previous record holder, Gold ETF (GLD), which took 3 days to top $1 billion in inflows. This is all the more impressive as Bitcoin is a novel asset compared to ancient gold. The trend clearly points to Bitcoin being more…

The Shiba Inu ecosystem has witnessed a notable rise in activity on its Shibarium network, marked by an increase in a key blockchain metric over the last 24 hours. Shibariumscan reports that transaction volume jumped from 5,150 to 7,930, reflecting a notable 60% growth. This spike in transaction volume has concurrently led to a sharp increase in network fees. The amount of BONE tokens used to pay these fees climbed from 16.68 BONE to 32 BONE during the same period. As per Shibarium’s transaction model, BONE are used for transaction fees, and a portion of these tokens is converted into…