Author: NBTC

During his appearance at the Consensus conference, Ripple CEO Brad Garlinghouse stated that an XRP exchange-traded fund (ETF) was “inevitable” in the US. The Ripple boss has also predicted the appearance of other altcoin ETFs. In a major policy shift, the U.S. Securities and Exchange Commission greenlit several spot Ethereum ETFs, pushing the price of the underlying cryptocurrency to the highest level since mid-March. Following the sudden approval of 19b-4 forms, Ethereum ETFs are yet to start trading. The regulator has now requested that prospective issuers urgently hand in their draft S-1 filings, according to recent reports. The launch of…

The chairwoman of the Senate Agriculture Committee suggested she’s got a legislative proposal for crypto oversight on the verge of delivery to her fellow panel members. The panel’s senior Republican said his meetings with crypto industry leaders suggested that the legislative work might not be ready. Meanwhile, Commodity Futures Trading Commission Chair Rostin Behnam gave urgent testimony that Congress needs to do something about digital assets. While Senate Agriculture Committee Chairwoman Debbie Stabenow (D-Mich.) said that her latest legislative proposal for overseeing the crypto markets is on the way to her panel’s fellow members this week, the committee’s top Republican…

The Bitcoin ETF market witnessed a net inflow of $147 million on July 10, 2024, marking the fourth consecutive trading day where net inflows have surpassed the $100 million mark. This trend indicates strong investor confidence and positive sentiment in the cryptocurrency market. 🚨 $BTC #ETF Net Inflow July 10, 2024: +$147M!• The net inflow remains larger than $100M for 4 consecutive trading days. Strongly positive!• #Fidelity (FBTC) led with an inflow of $57.8M yesterday.• #BlackRock (IBIT) saw a sharp drop from $121M to $22.2M.• #Grayscale… pic.twitter.com/7keJfWX1Uo — Spot On Chain (@spotonchain) July 11, 2024 Fidelity’s Bitcoin ETF (FBTC) emerged…

GameStop’s stock has seen a notable uptick, climbing nearly 8% over the past week to a current price of nearly $26.00 and outpacing the broader market as represented by the Nasdaq’s more modest 0.43% gain. The latest rise, while much more gradual than some spikes seen by GME in recent months, comes while outspoken investor and trading influencer Roaring Kitty—aka Keith Gill, or DeepFuckingValue on Reddit—remains out of the spotlight. Roaring Kitty was the trader behind GameStop’s famed “meme stock” surge in early 2021, forcing a short squeeze that led to billions of dollars worth of losses for hedge funds…

According to a recent update from Whale Alert, a popular blockchain tracker, 90 million DOGE tokens (roughly $14.2 million) at current prices left Robinhood eight hours ago. The leading meme cryptocurrency dropped by 3% earlier today before clawing back some losses. Robinhood, a popular commission-free investment app, added support for Dogecoin back in 2018. In early 2021, Robinhood played a pivotal role in Dogecoin’s meteoric rise due to the fact that this platform dominates retail activity in the U.S. According to the company’s Q1 update, its users hold $7.4 billion worth of Dogecoin. This is a larger sum compared to…

Ripple CEO Brad Garlinghouse has once again lambasted U.S. Securities and Exchange Commission Chair Gary Gensler, calling him “the Luddite of his time.” Garlinghouse compared the SEC boss to the members of a popular anti-industry movement that emerged in the early 19th century. Its members were fighting against various types of machinery in Yorkshire and Lancashire. They argued that machines were being used in order to unfairly reduce wages. The Luddites would go to extreme lengths to oppose industrialization, resorting to machine braking and aggression. The term continues to be used in various discourses to refer to people who oppose…

Bitcoin (BTC) after a successful break above its bearish trendline recently has continued to show strong bullish momentum which may mark a significant shift in market sentiment. As the digital asset continues to strive above the bearish trendline, it has stirred up optimism among traders and investors alike as to whether it can sustain its momentum and achieve the $60,152 mark. In this article, BTC’s recent price formation will be analyzed with the help of some technical indicators to ascertain if it could reach the $60,152 mark and what it could mean for the future of the world’s leading cryptocurrency.…

President Nayib Bukele compared himself to the late Venezuelan President Hugo Chavez after announcing that Farmers’ Markets, an initiative of the Agriculture Ministry of El Salvador focused on offering lower prices to Salvadorans in selected items, will be permanently open. These markets are the latest weapon brandished by Bukele to bring prices down, having accused wholesalers and distributors of price gouging before. President Nayib Bukele Presses on With Farmers Markets Initiative – a La Hugo Chavez – in El Salvador President Nayib Bukele is now fighting against food speculators and price gouging practices in El Salvador, comparing himself with the…

While Shiba Inu saw a brief bullish comeback, the accumulation of over 503 billion SHIB from exchanges by whales may hint at an impending aggressive wave. Within the last 24 hours alone, the trend of Shiba Inu withdrawals from centralized exchanges has gradually picked up momentum. 503.94B Shiba Inu Withdrawn from Exchanges In an update today, the crypto surveillance account Lookonchain called attention to the activity of a prominent Shiba Inu whale. The investor under scrutiny withdrew approximately 58.08 billion SHIB tokens from Binance about ten hours ago. Meanwhile, just 21 hours ago, another whale transferred over 445.87 billion SHIB…

The Markets in Crypto-Assets Regulation (MiCA) is poised to revolutionize the cryptocurrency landscape across the European Union, aiming to foster innovation, protect investors, and ensure financial stability. This comprehensive regulatory framework, approved by the European Parliament on April 20, 2023, covers all 30 member states of the European Economic Area (EEA), including Liechtenstein. With a population exceeding 450 million, the pan-European crypto market is set for significant growth and harmonization. MiCA is set to transform the crypto-asset market across the EU, fostering innovation, protecting investors, and ensuring financial stability. Thread 🧵#MiCA #CryptoRegulation @LCX pic.twitter.com/32SApPL8jv — LCX (@lcx) July 10, 2024…