Author: NBTC

Hong Kong’s debut of six new spot Bitcoin and Ethereum exchange-traded funds (ETFs) marked a trading volume of HK$87.5 million ($11.2 million). This volume was significantly below the inaugural trading of 11 spot Bitcoin ETFs in the U.S., which achieved a staggering $4.6 billion. Meanwhile, bitcoin’s price dumped below $61,000, having experienced a 2.3% decline within the last 24 hours and an 8% decrease over the past week. Hong Kong’s ETFs Record Low Volumes The Hong Kong Stock Exchange (HKEX) data indicates that the performance and interest in the six Bitcoin and Ethereum ETFs managed by China Asset Management, Harvest…

Bitcoin and Solana non-fungible token (NFT) market registered records in daily active traders (DAT) last week, according to the research blog OurNetwork. While Solana reached its all-time high of 59,300 DAT, Bitcoin registered a peak of 25,600 DAT. Solana’s rising DAT number represents a fourfold increase from the approximately 15,000 daily traders earlier last week. The publication attributes this growth to the influx of wallets engaging in sub-$10 transactions on platforms like Magic Eden and Tensor. Over the past week, Magic Eden has captured a significant 74% of Solana’s trading volume market share and 38% of its trader market share,…

Binance founder Changpeng Zhao appears to be eyeing investments in data centers focused on AI as part of his exploration into new investment opportunities. Ex-Binance boss Changpeng Zhao (CZ) reportedly engaged in multiple discussions with OpenAI CEO Sam Altman as he explores new ventures, despite the potential of facing three years in prison for allegedly permitting various money-laundering schemes on his exchange, the New York Times has learned, citing people familiar with the matter. The details of Zhao’s talks with Altman remain slim, with the sources only saying that the former Binance head is particularly interested in artificial intelligence. According…

XRP, the sixth largest cryptocurrency, is commanding attention owing to its latest on-chain activity. A staggering 210 million XRP tokens were transferred between unknown whale wallets, sparking intrigue and speculation within the crypto community. Crypto data tracker Whale Alert reports, “210,020,140 XRP worth $128,921,343 was transferred from unknown wallet to unknown wallet.” 🚨 🚨 🚨 🚨 🚨 🚨 210,020,140 #XRP (128,921,343 USD) transferred from unknown wallet to unknown wallethttps://t.co/r6YU6t0pqn — Whale Alert (@whale_alert) March 29, 2024 In this case, the wallets remain unidentified, with no registered usernames on XRPL explorer Bithomp, adding to the mystery. In what might shed a…

As the battle to be the top Bitcoin exchange-traded fund (ETF) provider in the U.S. rages on, the gap at the top has shrunk to $1.5 billion. The Grayscale Bitcoin Trust (GBTC) is currently top of the table with $18.7 billion assets under management (AUM), which includes approximately 297,000 Bitcoin. However due to months of outflows from GBTC, the BlackRock iShares Bitcoin Trust (IBIT) is putting pressure on the table leaders. Now with $17.2 billion AUM, BlackRock’s fund is only $1.5 billion away from flipping GBTC. To put this in perspective, the third placed fund on the Bitcoin ETF table…

Casio has signed strategic partnerships with creators that will design the collection. An iconic Casio watch model would be depicted in each work of art. In a partnership with Astar’s zero-knowledge Ethereum Virtual Machine (zkEVM), world-renowned watchmaker Casio has launched the NFT collection. The release states that this new breakthrough is intended to celebrate Casio’s 50th anniversary. The major partnership with Casio was also announced by Astar Network on X. It is vital that Casio and Astar zkEVM, a formidable alliance formed by Astar and Polygon, work together to improve scalability. Yoki Origins is a gamified user onboarding experience that…

A recent survey conducted by Mudrex has unveiled that nearly half of individuals with retirement plans in India have entered the realm of crypto. The Mudrex survey, which focused on crypto investments, found that 45% of users with retirement plans have allocated funds to cryptocurrencies, according to a report from The Economic Times. The revelation showcases a growing inclination to incorporate digital assets into long-term financial goals, such as retirement investment strategies. 50% Believe Crypto Will Become Primary Asset Class The survey also sheds light on the evolving perception of cryptocurrencies as a mainstream asset class. 50% of respondents believe…

The Cardano network will be one of the cross-chain venues for users to access ASI, a new cryptocurrency that binds three top players in the AI and crypto space. One of the biggest developments from the crypto space this week is a multi-billion token merger involving three projects: SingularityNET, Ocean Protocol, and Fetch AI. The new partners announced the impending launch of the Artificial Superintelligence Alliance (ASI) and the merging of the three coins into the ASI token. While the merger will bind together a combined $7.5 billion worth of value that the projects have amassed, one of the questions…

The 2024 Bitcoin (BTC) halving had many investors highly optimistic about how high the world’s premier cryptocurrency could go, but trading since the event brought a decisive shift in sentiment. Indeed, with BTC consistently remaining closer to $60,000 than $70,000 for prolonged periods, experts turned toward analyzing when and if the coin will collapse. In this climate, two prominent analysts – most active on X – arrived at much the same conclusion in rapid succession: Bitcoin may yet rise once again but cannot afford to fall below a crucial price. Bitcoin needs to stay above this price to surge again…

A lesser-known token called TIM has emerged, attracting attention due to insiders turning a small investment of $6,404 into a staggering $8.29 million within 24 hours through TIM. The TIM frenzy ignited when two new wallets swiftly sold off $6,404 worth of Solana tokens to acquire a significant portion of TIM, totaling 526.6 million tokens, over half of the total supply. The broader cryptocurrency market has remained volatile in recent times exerting downward pressure. The Bitcoin (BTC) price has hovered around $63,000 while altcoins have been reporting double-digit losses over the past week. Amidst this turbulence, TIM, a relatively lesser-known…