Author: NBTC

21Shares has filed an updated S-1 form with the Securities and Exchange Commission (SEC) for its spot Ethereum exchange-traded fund (ETF), setting a management fee at 0.21%. The ETF will operate under the ticker symbol “CETH.” The recent filing comes as the SEC has called on Ethereum ETF issuers to return their final S-1 forms on Wednesday, according to Bloomberg ETF analyst Eric Balchunas. He said spot Ethereum ETFs will launch on July 23. The ETF issuers filed their S-1 forms on July 8 but most of them left fees out of their forms. According to Balchunas, this is likely…

Key Points: According to TechCrunch, Anthropic, an AI company, raised over $750 million in an ongoing financing round, with investment from Menlo Ventures. Menlo Ventures and Anthropic announced the launch of the $100 million Anthology Fund, aimed at pre-seed and Series A AI companies. Anthropic AI funding update: Menlo Ventures invests in Anthropic, leading a $750M round and launching the $100M Anthology Fund for AI startups. Insider: Anthropic AI Funding Surpasses $750M With Menlo Ventures’ Investment According to TechCrunch, Anthropic, an AI company, was invested in by Menlo Ventures, a major venture capital company in Silicon Valley. In the ongoing,…

According to blockchain analytics firm Lookonchain, a trader has managed to turn $2,625 into $1.1 million with the help of the Shiba Inu (SHIB) cryptocurrency. The trader originally purchased roughly 48 billion SHIB tokens in February 2021. Back then, the meme coin was still an obscure project that very few cryptocurrency enthusiasts knew about. They have traded the SHIB tokens for 278.7 ETH, making a whopping 419x gain. The SHIB token managed to captivate the attention of the investment community back in October 2021 when it managed to briefly surpass rival Dogecoin by market capitalization. The Dogecoin rival is still…

Bitcoin historian Pete Rizzo has brought attention to a statement believed to have been made by the pseudonymous creator of Bitcoin, Satoshi Nakamoto, on July 5, 2010. This statement, as relevant now as it was then, reads: “Bitcoin uses cryptography and a distributed network to replace the need for a trusted central server. Escape the arbitrary inflation risk of centrally managed currencies. Bitcoin’s total circulation is limited to 21 million coins.” This quote succinctly encapsulates the revolutionary principles that underpin Bitcoin: decentralization, cryptographic security and a finite supply designed to counteract inflationary pressures typical of fiat currencies. Rizzo reflects on…

As the highly anticipated launch date of spot Ethereum ETFs approaches, Matt Hougan, Chief Investment Officer of crypto asset manager Bitwise, has stressed the potential for these ETF inflows to drive the Ethereum price to record highs. In a recent client note, Hougan highlighted the significant impact that ETF flows could have on the Ethereum price, surpassing even the effects witnessed in the spot Bitcoin ETF market in the US. Ethereum ETFs Poised To Surpass Bitcoin’s Impact? Hougan confidently predicts that introducing spot Ethereum ETFs will lead to a surge in ETH’s value, possibly reaching all-time highs above $5,000. However,…

State Street, a Boston-based asset management and banking giant, is exploring creating stablecoins and tokenized deposits to settle transfers on blockchain rails, Bloomberg reported Wednesday citing a source familiar with the matter. The bank also weighs participating in “digital-cash consortium efforts” and is “looking at settlement options” via Fnality International, a fintech firm in which State Street has invested according to the report. The report comes as State Street is increasing its presence in the digital asset space. State Street Global Advisors, the investment management arm of the company, also inked a deal with crypto investment firm Galaxy (GLXY) to…

Howdy! Today’s Lightspeed is a bit shorter, on account of the US office being closed for Memorial Day. Hopefully you’re soaking in a bit of sun today. And if any current or former members of the military happen to be reading this, thank you for your service! High FDV, low float, no dice If you want to kick a crypto founder or VC into fight or flight mode, ask him about his low float, high fully diluted valuation (FDV) token launch. The online part of the crypto world has been blaming these sorts of token launches — where the amount…

Bitcoin, the leading cryptocurrency, broke the $60,000 support level and dropped sharply to below $54,000. While there was a reaction to this decline, BTC rose above $ 57,000. 10x Research founder Markus Thielen, who correctly predicted Bitcoin’s decline to $ 55,000, announced his new analysis. Stating that the $ 55,000 target for Bitcoin’s decline has been reached, the analyst said that a rally is possible as BTC appears to be oversold in the short term. Stating that this increase in reaction is normal, Thielen stated that the rally may receive support from macroeconomic events next week. Thielen also stated that…

Ethereum price failed to clear the $3,500 resistance zone. ETH is consolidating above the $3,380 support and might attempt another increase. Ethereum is correcting gains and struggling near the $3,500 zone. The price is trading above $3,380 and the 100-hourly Simple Moving Average. There is a key bullish trend line forming with support at $3,375 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue to rise unless there is a close below the $3,350 support. Ethereum Price Fails To Surpass $3,500 Ethereum price made another attempt to clear the $3,500 resistance zone. ETH struggled to…

Canadian fintech firm DeFi Technologies (DEFTF) stock surged over 25% this week after the company’s crypto trading desk kickstarted July with another round of immense profits. Shares in the company rocketed to USD $1.64 on Wednesday, up from $1.27 on July 11. The share price has since corrected alongside Bitcoin’s price to $1.47 at time of writing, but is still up 15.4% since, outperforming BTC itself. The bulk of DEFTF’s gains came on Tuesday, when the company announced it had generated $14.1 million in “low-risk arbitrage trades” at its specialized trading desk, DeFi Alpha, since the start of the third…