Author: NBTC

BlackRock’s IBIT Bitcoin ETF has emerged as the third-largest Bitcoin holder worldwide, following the mysterious creator of Bitcoin, Satoshi Nakamoto, and Binance Exchange. This significant development is part of a larger trend where institutional interest in Bitcoin continues to grow. Currently, the combined holdings of US ETFs exceed 900,000 BTC, positioning them just behind Nakamoto, who is believed to hold over a million coins, though this figure remains debated. Institutional Players Gaining Ground Bloomberg analyst Eric Balchunas recently highlighted that Bitcoin ETFs could surpass Nakamoto as the largest holders by 2025. As it stands, BlackRock’s IBIT ETF alone holds 347,767…

Ethereum ETFs face outflows of $13.228M, while Bitcoin ETFs see inflows of $203M, highlighting differing market dynamics. Ethereum’s competition from networks like Avalanche and Solana has slowed its ETF growth, unlike Bitcoin, which mainly competes with gold. Despite challenges, Ava Labs’ John Wu expects ETF access to increase Ethereum adoption as the broader crypto market sees steady network growth. Ava Labs President John Wu has weighed in on the challenges facing Ethereum ETFs compared to the rapid success of Bitcoin ETFs. Despite Ethereum’s strong market position, the growth of its ETFs has lagged behind Bitcoin’s, raising questions within the investment…

The founder of Solana-based meme coin Church of the Smoking Chicken Fish has officially registered the project as nonprofit and plans to build a physical church in Texas. This comes after the token skyrocketed to a $130 million market cap, less than two weeks after being launched on Pump.fun. “We’re going to try to build a church in Marfa, Texas,” church founder Pastor Kelby told Decrypt on the latest episode of “What’s the Meta?” “We’ve already found potential property and [our] whales have already donated over [$130,000] towards the purchase of that property.” Since speaking with Decrypt, the church’s founder…

The U.S. Securities and Exchange Commission (SEC) has announced the completion of criminal charges against Galois Capital Management LLC, a Florida-based advisory firm focused on cryptocurrency investments. The firm, which was previously registered as an investment advisor for a private fund investing primarily in crypto assets, faced allegations that it failed to comply with key regulations designed to protect client assets. According to the SEC’s official statement, Galois Capital violated the Depository Rule under the Investment Advisers Act by failing to ensure that certain crypto assets held by the private fund were held at a qualified custodian. Instead, the firm…

An interview between Elon Musk and Republican presidential candidate Donald Trump attracted over 1 million listeners on X. Crypto was not mentioned during the two-hour long event. Former President Donald Trump did not mention bitcoin or crypto during an interview with X CEO Elon Musk on Monday evening. Over two hours, the wide-ranging interview covered a variety of topics including illegal immigration, the economy, AI and global warming. The interview attracted over 1 million listeners and was delayed for over 45 mins, due to what Musk called a “massive [distributed denial of service] attack on X”. “As this massive attack…

Ethereum price declined heavily and traded below $2,550. ETH could start another increase if it stays above the $2,400 support zone. Ethereum started a major decline below the $2,650 and $2,550 levels. The price is trading below $2,550 and the 100-hourly Simple Moving Average. There is a key bearish trend line forming with resistance at $2,575 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a recovery wave if it stays above the $2,400 level. Ethereum Price Dives 10% Ethereum price failed to recover and extended its decline below the $2,650 level. ETH traded below…

Blockchain platform Pundi X has unveiled a strategic partnership with Oraclus, an advanced AI-powered data analytics provider, aiming to revolutionize blockchain analytics and enhance decision-making for crypto investors, developers, and businesses. This collaboration, announced on August 30, marks a significant step in advancing AI-integrated blockchain tools and pushing forward Web3 adoption. Oraclus brings a robust blockchain ecosystem to the table, featuring a suite of>What this partnership will bring Pundi X’s partnership with Oraclus is designed to improve market analytics, streamline decision-making processes, and provide users with actionable insights. “Together, we are enhancing market analytics, improving decision-making, and empowering Web3 users…

On September 3, in an interview with Bloomberg TV’s Sonali Basak and Michael Regan, Coinbase Chief Legal Officer Paul Grewal highlighted the approaches of the 2024 U.S. presidential campaigns and the potential implications for the crypto industry. Grewal shared his thoughts on the positions of former U.S. President Donald Trump and current U.S. Vice President Kamala Harris’s campaigns, as well as his outlook on a pro-crypto U.S. Congress emerging from the upcoming elections. Grewal began by noting that Trump’s campaign has been more explicit in its support for cryptocurrency, outlining specific and concrete proposals related to crypto and digital assets.…

Eric Balchunas, senior ETF analyst for Bloomberg, has predicted that Satoshi Nakamoto, the mysterious creator of Bitcoin, is likely to cease being the biggest holder of the leading cryptocurrency by the end of this year. He will be surpassed by US-based Bitcoin exchange-traded funds that already hold a combined 909,000 coins. In fact, BlackRock’s IBIT alone now holds 347,767 coins, which makes it the third-biggest holder of Bitcoin. “BlackRock alone is already #3 and on pace to be #1 late next year, and will likely stay there for a very long time,” Balchunas noted. On Monday, Bitcoin ETFs attracted another…

Traditional investors are on a selling spree as ETH ETFs extend their outflow streak to eight days of consecutive negative flows. Whales are also dumping ETH heavily following its recent price decline. Vitalik Buterin holds 90% of his net worth in ETH. Ethereum is attempting to move below a key trendline that suggests further price decline amid mixed signals across technical indicators. Ethereum (ETH) is down nearly 9% on Tuesday following increased selling pressure from ETH ETF investors and whales. The selling pressure has also led to Ethereum co-founder Vitalik Buterin being accused of not believing in ETH as a…