Author: NBTC

Bitcoin is up by over 4% today as the largest cryptocurrency nears its all-time high after a month. After dipping below $66,000 following wider liquidations in the crypto market, BTC made a strong comeback this week, driven by nearly $570 million total net flow in Bitcoin ETFs last week. On Thursday and Friday, Bitcoin ETFs consecutively saw more than $200 million in net inflows. Market sentiment is also highly positive, as the fourth halving is approaching later this month. The anticipation has been further driven by the halving of Bitcoin Cash (BCH), a fork of the Bitcoin network. The token’s…

Key Points: Two new ProShares Ethereum ETFs, ETHT and ETHD, will be launched on June 7. ETHT targets 2x daily Ether returns, while ETHD targets -2x daily returns. ProShares continues its leadership in crypto-linked ETFs, expanding its innovative offerings. ProShares, a leading provider of exchange-traded funds (ETFs), announced today the launch of two new Ether-linked ETFs. New ProShares Ethereum ETFs Launched With Targeting 2x and -2x Daily Ether Returns 2 New ProShares Ethereum ETFs Launched The ProShares Ultra Ether ETF (ETHT) aims to deliver twice the daily returns of Ether, while the ProShares UltraShort Ether ETF (ETHD) is set to…

David Schwartz, the Ripple CTO, recently highlighted that XRP is up 1,500% since 2017 in an attempt to counter claims that it has delivered losses within this timeframe. The recent remarks came on the heels of a bitter complaint from an investor, known on X as Mr. Karipple, who lamented XRP’s perceived underperformance over the last seven years. Notably, the investor revealed that he has been holding XRP since 2017 but has failed to realize any substantial gains. According to him, this turn of events is “unbelievable,” arguing that he could have been a millionaire if he had instead poured…

Bitcoin’s hashrate will not drop by that much Contrary to popular belief, this halving will likely not cause a major decrease in the network’s hashrate. After Bitcoin’s first three halvings, the hashrate plummeted by 25%, 11%, and 25%, and it appears many analysts and miners are expecting (or hoping for?) a similar hashrate reduction this time. I concur with Pennyether’s prediction that the forthcoming Bitcoin halving is expected to result in a modest decrease in the hashrate, ranging from 5 to 10%. This prediction is also not far from that of Hashrate Index, which sits at 3-7%. This cautious forecast…

Ethereum might drop below a crucial price level, especially if the historical support level does not hold. For now, Ethereum is moving at the $3,760 price level, with support at $3,720. In case of a drop below the aforementioned support, the 26 EMA is the next level for a bounce. Potential volatility is indicated by Ethereum’s current price action. Since the $3,720 support level has already been put to the test multiple times, bulls must protect it. The 26 EMA, which is currently at $3,568, is the next major support if this level is broken. It will be carefully observed…

Epoch Times CFO Bill Guan was charged with participating in a scheme to launder $67 million in illicit funds to benefit himself and the company. The scheme involved using cryptocurrency to purchase crime proceeds at a discount and funneling them into the company’s accounts, leading to a significant increase in Epoch Times’ reported annual revenue. Epoch Times chief financial officer Bill Guan was indicted by the U.S. Department of Justice (DoJ) early Tuesday. The DoJ accused him of being involved in a scheme to launder $67 million using crypto. Epoch is a popular political conservative media outlet known for its…

CU and MiL.k deliver their metaverse game Play CU X MiL.k within The Sandbox, connecting the space between Web2 and Web3. For the uninitiated, CU is a top-of-the-line departmental store based in South Korea, whereas MiL.k is basically a blockchain-oriented loyalty incorporation platform. Through their released game, Play CU X MiL.k, players can connect with their favored department store via extremely engaging gaming content. They will also have the option of interacting with the CU’s mascots, such as K-ROO, SHYROO, and HAROO. The Play CU X MiL.k event will commence on June 5th and run until the 25th of the…

Net inflows into spot bitcoin ETFs slowed last week, but remained positive before bitcoin’s price shot up above $72,000 Monday morning. Bankrupt lender Genesis finished selling its shares of the Grayscale Bitcoin Trust ETF (GBTC) — a process that appeared to periodically weigh down the segment from a flows perspective. The 11-fund US BTC fund segment reeled in $485 million of positive net flows from April 1 to April 5, according to Farside Investors data. Read more: ETFs helped ‘legitimize’ bitcoin ahead of halving: Q&A The total — reflecting an average daily net inflow of $97 million — was a…

U.S. spot ETFs could accumulate around 1 million ETH in five months based on the size of similar ETH products globally and CME futures open interest relative to bitcoin, K33 Research said The omission of staking will not negatively impact the inflows to the ETFs, the report said. Ethereum-based exchange-traded funds (ETF) that can directly hold ether (ETH) are soon arriving in the U.S. and could attract $4 billion of inflows in the first five months, crypto analytics firm K33 Research said in a report. The company based its forecast by comparing the assets under management in existing ETH-based exchange-traded…

The draft regarding the “Proposal Law on Amendments to the Capital Markets Law”, which includes Turkey’s cryptocurrency regulations, was announced by AK Party Group Chairman Abdullah Güler at the press conference he held in the Turkish Grand National Assembly in recent weeks. This crypto bill was passed by the Commission in the Turkish Grand National Assembly last week. While it is expected that the bill will be discussed in the General Assembly of the Turkish Grand National Assembly in the coming days, new statements came from the Minister of Treasury and Finance Mehmet Şimşek. According to the news of Türkiye…