Author: NBTC

NBTC

NBTC is the editorial account for NBTC News, covering Bitcoin, Ethereum, DeFi, blockchain infrastructure, exchanges, mining, regulation and digital asset markets. The editorial team focuses on clear sourcing, timely updates and practical context for crypto readers.

Robinhood expects highest quarterly revenue since meme stock frenzy — Reuters

Robinhood Markets, the trading app known for its commission-free trading and role in the 2021 meme stock frenzy, is expected to report its highest quarterly revenue in nearly three years, driven by a steady rebound in equity markets and crypto trading. According to an initial report from Reuters, there has been a resurgence in global markets fueled by bets on interest rate cuts, has attracted traders back to the platform, resulting in higher transaction-based revenue for the retail investor-focused brokerage. Robinhood’s shares have surged 58% in the first three months of the year, marking the sharpest quarterly stock increase since…

RegulationMay 9

TUSD's Supply Halves as It Drops to 8th Rank Among Stablecoins

Over the past week, the stablecoin trueusd (TUSD) experienced a notable decrease in its supply. As of March 19, 2024, the circulation was approximately 1.1 billion TUSD, which then plummeted to just 612 million. Supply Slash Sees TUSD Fall From Top 5 Stablecoin Rankings to 8th Position Previously ranked among the top five dollar-pegged cryptocurrencies by market capitalization, TUSD now finds itself in the eighth spot. Its supply has been consistently diminishing, with three-month statistics indicating a starting point of around 2.4 billion. As recently as March 19, the supply had fallen to 1.1 billion, leading to the current count…

AltcoinsMay 9

Former NFL Star Rob Gronkowski to Pay $1.9M to Settle Crypto Investor Suit

Former New England Patriots and Tampa Bay Buccaneers tight end Rob Gronkowski will pay $1.9 million to settle claims brought against him by former customers of Voyager Digital, a cryptocurrency lender. The settlement, which is still subject to approval by the court overseeing the civil lawsuit, will see the National Football League star known as "Gronk" pay into a $2.4 million pool alongside National Basketball Association player Victor Oladipo and racecar driver Landon Cassill, according to a court filing dated May 3. Gronkowski became a "brand ambassador, Voyager shareholder" and holder of Voyager's VGX token in September 2021, a company…

LegalMay 9

Delist Announcement from Bitcoin Exchange Binance! Four Altcoin Trading Pairs Delisted from Spot Transactions!

In a move aimed at protecting users and optimizing trading conditions, Binance, one of the world's largest cryptocurrency exchanges, announced the removal of certain spot trading pairs following a routine review of their offerings. Binance Announces Delisting of Certain Spot Trading Pairs Binance will delist and halt trading of the following spot trading pairs effective May 10, 2024 at 06:00: AAVE/BNB DEGO/BTC LTC/TUSD SAND/ETH The decision to remove these trading pairs is based on Binance's periodic reviews, which consider factors such as liquidity and trading volume. Binance aims to provide a high-quality trading environment for its users by periodically evaluating…

ExchangesMay 9

Bitcoin price holds above $66K as Morgan Stanley files prospectus to add BTC ETF exposure in two of its funds

Morgan Stanley has filed prospectus to add BTC exposure in two of their funds. Kraken CEO Dave Ripley said the market is a bit ahead of schedule after $73,777 ATH pre-halving. On the one-minute time frame, $66,500 and $66,754 are crucial buyer and seller congestion levels, respectively, on volume profile metrics. Bitcoin (BTC) price remains range-bound, holding above the $63,000 level, while its upside is capped below $68,000, going against or delaying the assumption that the fourth halving would be a 'sell-the-news' outcome. While Kraken leaves a lot to ponder about following the halving, reports show that Morgan Stanley wants…

BitcoinMay 9

Euclid launches layer to connect liquidity across Cosmos, Solana, and EVM chains

Euclid Protocol has announced today its shared liquidity layer that connects Cosmos, Solana, and Ethereum Virtual Machine-based ecosystems, powered by virtual pools created on Nibiru Chain. This effort is aimed at consolidating fragmented liquidity across the blockchain ecosystem. “We are excited to finally reveal the Unified Liquidity Layer, Euclid’s answer to the constantly growing challenge of fragmented liquidity,” said Georges Chouchani, founder and CEO of Euclid. “Euclid lays the groundwork for the next era of DeFi, aiming to provide users with a chain-agnostic modular experience. Its primary goals include ensuring scalability and fostering an efficient market environment.” The announcement points…

DeFiMay 9

Trump NFT Prices Double as Jimmy Kimmel Calls Collectors 'Freaks' and 'Suckers'

Talk-show host Jimmy Kimmel blasted collectors of former U.S. President Donald Trump’s NFT projects as “suckers” and “freaks” late Wednesday—right as secondary market prices for the assets were taking off. The floor price—or price of the cheapest NFT listed on a marketplace—of Trump Digital Trading Cards minted on Ethereum scaling network Polygon has doubled over the past day to $434, according to data NFT Price Floor. Nearly 90 NFTs from the collection have traded hands during that span. Kimmel's attacks on NFT holders came as Trump hosted eligible collectors at an event at his Mar-a-Lago resort, where he made various…

NFTMay 9

Legendary Trader Peter Brandt Drops Intriguing Hint on Ethereum's (ETH) Price Action

Veteran trader Peter Brandt has once again captured the attention of the cryptocurrency community, this time with his analysis of Ethereum's chart, which he describes as "very intriguing." Brandt, known for his insightful analysis and decades of experience in financial markets, shared his perspective on Ethereum's price action, sparking discussion among traders and investors. Ethereum, the second-largest cryptocurrency by market value, has been showing some interesting activity on the charts, capturing the attention of analysts such as Brandt. Brandt's analysis comes at a crucial time for Ethereum, as the cryptocurrency market navigates a period of volatility and uncertainty. Bitcoin, the…

EthereumMay 9

Coincheck's Nasdaq Listing Gains Traction as SPAC Submits Proposal to SEC

Coincheck and Spacial Purpose Acquisition Company Thunder Bridge Capital Partners IV is progressing with their merger deal, which will enable the Japanese cryptocurrency exchange to list on Nasdaq. This action signifies a significant step for both companies and has implications for investors seeking exposure to the burgeoning crypto industry. Coincheck is a renowned digital asset exchange in Japan, with a market share of over 1.98 million accounts. Thunder Bridge Capital Partners IV is an SPAC that facilitates mergers and acquisitions within the finance sector. The proposed merger signifies Coincheck's ambition to expand its global footprint and gain access to the…

RegulationMay 9

Shiba Inu’s (SHIB) Shibarium TVL Surges 170% in Two Days

Shibarium, the Layer 2 blockchain within the Shiba Inu (SHIB) ecosystem, has reached noteworthy milestones, indicative of its growing utility and adoption. On-chain data shows a remarkable surge in the total value of assets locked (TVL) on Shibarium, marking an increase of approximately 170% within the last two days. The value now stands at $3.85 million, underlining the platform’s expanding utility and user engagement. Shibarium’s TVL Surged by 170% Shibarium’s TVL surge can be attributed to the rollout of new features within the ecosystem. Notably, the recent introduction of the DAMN meme coin on the Woofswap decentralized exchange has added…

AltcoinsMay 9