Author: NBTC

Spot Bitcoin ETFs offset April losses in the first two weeks of May. Eric Balchunas, Senior ETF Analyst for Bloomberg, noted that Bitcoin ETFs have already seen $1.3 billion in inflows in May, offsetting all of the negative inflows in April for a total inflow of $12.3 billion since launch. The bitcoin ETFs have put together a solid two weeks with $1.3b in inflows, which offsets the entirety of the negative flows in April- putting them back around high water mark of +$12.3b net since launch. This key number IMO bc it nets out inflows and outflows (which are normal)…

Ethereum (ETH) might finally be ready (BTC) to gain some ground against Bitcoin. As noted by prominent trader Josh Olszewicz, the ETH/BTC pair has managed to close above the two-day Ichimoku cloud for the first time in 525 days. for the first time in 525 days, ETH/BTC has closed above the 2-day Cloud pic.twitter.com/ihwRBF6uY1 — #333kByJuly2025 (@CarpeNoctom) June 27, 2024 His analysis suggests that the pair has likely bottomed after nearly two years of underperformance. The flagship altcoin is currently changing hands at 0.055 BTC on the Binance exchange. After peaking at 0.061 BTC back in January, the ETH/BTC pair…

After failing to have Freedom of Information Act (FOIA) requests granted, Coinbase is initiating legal action against the US Securities and Exchange Commission (SEC) and the Federal Deposit Insurance Corporation (FDIC), the company announced Thursday. In 2023, Coinbase hired consultancy firm History Associates Incorporated to assist in retrieving records from the SEC and FDIC. Both requests were denied, History Associates said, and the firm is now suing both agencies in an effort to force them to hand over the documents. In both suits, History Associates is the plaintiff, and Coinbase is named as a related party. On behalf of Coinbase,…

An analysis of 2024 cryptocurrency asset listings on Binance, Coinbase, and Upbit, three of the world’s leading cryptocurrency exchanges, reveals a notable trend. Among emerging projects, while many tokens have secured listings on only one or two of these platforms, a select few have achieved the rare feat of being listed on all three. Standing out from the rest are LayerZero (ZRO), OMNI Network (OMNI), Render (RNDR), and Bounce Token (AUCTION), which have successfully obtained listings on these major exchanges in 2024. Blockchain analyst Colin Wu recently highlighted this outcome in a tweet, compiling data on new crypto assets listed…

As Bitcoin’s value hovers above $66,000, a noteworthy tweet from MicroStrategy chairman Michael Saylor, a prominent figure in the cryptocurrency industry, has sparked interest. His tweet, “Get the Message,” comes at a time when the market is observing Bitcoin’s performance with keen interest. Get the Message. #Bitcoin pic.twitter.com/MnX7vd9eWN — Michael Saylor⚡️ (@saylor) May 17, 2024 Bitcoin’s price above $66,000 is more than simply a number — it is a psychological threshold for the market, signaling stability after periods of volatility. According to IntoTheBlock, Bitcoin, the first and largest cryptocurrency by market cap, overcame massive on-chain resistance levels with its move…

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)…