Author: NBTC

Galaxy said spot ether ETFs could see $5 billion of net inflows in the first five months. Demand for the new products is expected to come from independent investment advisors and broker/dealer platforms. The lack of staking rewards could limit demand for these spot ETFs, the report said. Ether (ETH) spot exchange-traded funds (ETFs), once approved for trading, could see $1 billion of net inflows a month, Galaxy (GLXY) Research said in a report on Wednesday. “We expect the net inflows into ETH ETFs to be 20-50% of the net inflows into BTC ETFs over the first five months, with…

T-Rex Group has filed for new ETFs that take a leveraged long or short position in Microstrategy (MSTR). MSTR is known for its volatility given its heavy exposure to bitcoin. T-Rex Group, the exchange-traded funds (ETFs) issuer, has filed for an ETF that will take a 2x long position in bitcoin (BTC)-heavy Microstrategy (MSTR). According to a filing published on the Securities and Exchange Commission’s EDGAR platform, the T-Rex 2X Long MSTR Daily Target ETF aims to achieve 200% of MicroStrategy’s daily performance. T-Rex also filed for an ETF that would take a 2x inverted position in MSTR. Effectively, both…

Bipartisan crypto support within the US government is increasing, with significant implications for the future of crypto regulation and policy. While Republicans still dominate the pro-crypto side of the aisle, the negative sentiment toward the industry appears to be deflating. In total, 310 US politicians strongly support the crypto industry, while only 41 are firmly against it. Theoretically, a 2/3rds majority for the Republicans in both houses would be enough to pass any pro-crypto legislation as it stands. Based on provided data from Stand With Crypto (SWC), here’s a comprehensive overview of the current congressional landscape regarding crypto legislation: Senate:–…

HashKey Global, a prominent player in the cryptocurrency space, has just expanded its offerings, enhancing user interaction across multiple blockchain networks. This latest development involves the integration of Ethereum (ETH) and Tether (USDT) with the Arbitrum network, marking a significant enhancement in the flexibility and efficiency of transactions for its users. Expanding Horizons with Multi-chain Network Transactions In a strategic move to cater to the evolving demands of the digital asset community, HashKey Global has successfully implemented Ethereum and Tether on the Arbitrum network. This integration allows users to seamlessly conduct transactions across these two major networks, heralding a new…

The price of bitcoin (BTC) has nudged above the $67,000 level for the first time in nearly one month as animal spirits in cryptocurrencies return following eight weeks of sideways-to-lower action. At press time, bitcoin was trading at $67,250, up 2.8% over the past 24 hours and about 10% from its lowest levels on Monday. That lagged the broader CoinDesk 20 Index, which was ahead 4.4% over the past 24 hours and about 12% from the Monday low. Among the larger movers in the index were Chainlink (LINK), now higher by 18% since the Depository Trust and Clearing Corporation (DTCC)…

Paradigm Capital has moved a substantial amount of Ethereum (ETH) to the institutional-grade custody platform Anchorage Digital, per data from Arkham. At precisely 8:53 a.m. UTC+8 today, Paradigm Capital, identified by the address 0x11…c3cD, deposited 19,504 ETH, valued at approximately $65.59 million, into Anchorage Digital. This transaction marks a notable occurrence in Paradigm’s recent activity. Over the past three months, the firm has established a pattern of depositing Ethereum into Anchorage during the latter half of each month. However, today’s deposit is exceptional for two reasons: it is the second deposit this month and the largest single deposit Paradigm has…

According to some analysts, the FED is expected to implement aggressive easing measures in the face of slowing inflation. Economists at Pantheon predict that the Fed will cut interest rates by 25 basis points in September, followed by twice as large cuts in November and December. This represents a much more aggressive easing than the one or two cuts that markets expected and officials predicted for 2024. Economists argue that future data will show that the acceleration in the 1st quarter was an anomaly and that the disinflation trend has become ingrained. As a result, Pantheon predicts that there will…

Baby Dogecoin hints at an imminent major exchange listing. BabyDoge trading volume is down 28% in the past 24 hours. Baby Dogecoin (BabyDoge), a popular memecoin that ranks 17th in market capitalization among top memecoins, has once again captured the attention of the cryptocurrency community. This resurgence in interest follows a recent cryptic announcement on its X (formerly Twitter) account. The post featured the BabyDoge logo accompanied by several question marks and a large blue question mark on a faceless blue round logo. The caption asked, “What exchange would you like to see BabyDoge listed on next?” This teaser has…

The stablecoin rules from the European Union’s Markets in Crypto Assets legislation will take effect on June 30. The rules ban stablecoins from having over 1 million daily transactions that pay for goods or services settled off- and on-chain. Tether, Circle and other big stablecoin issuers will soon be on a tight leash in the European Union. With new rules that take effect on June 30, not only will they require appropriate authorization to operate in the 27-nation trading bloc, they will also face the tough limits on transaction numbers and values set out in the Markets in Crypto Asset…

xPortal, a crypto-based financial app on the MultiversX blockchain, has added Shiba Inu among crypto assets usable via its card service. In a Friday announcement, xPortal disclosed that it is opening new top-up avenues for its crypto debit card service. Following the update, crypto enthusiasts can now top up their cards with various crypto assets like Shiba Inu and spend them immediately. Notably, other assets xPortal added as new top-up avenues for its debit card service include Chainlink (LINK), Uniswap (UNI), popular meme coins Dogecoin (DOGE) and PEPE, and stablecoins USDT and USDC. New top up avenues available! 🗣️ Top…