Author: NBTC

BlackRock has filed an amendment with the SEC to integrate Bitcoin exposure in its Strategic Income Opportunities Fund (BSIIX), according to a March 4 filing. BSIIX’s total fund size stood at $36.5 billion, while its share class total net assets were $24.2 billion as of March 1. The fund typically invests in fixed-income securities and other market sectors under certain conditions. Bitcoin exposure The inclusion of spot Bitcoin ETFs in the fund’s portfolio is expected to bolster its appeal and performance, offering a contemporary investment avenue alongside traditional assets. According to the filing dated March 4, BlackRock intends to procure…

Merit, Aave’s latest alignment reward program, has gone live today and will be airdropping 280 wETH to wETH borrowers. GHO borrowers and stakers can also be expected to earn rewards from an airdrop next week. According to a press release reviewed by Blockworks, $2.1 million in wETH and $2.9 million in GHO will be spent over an initial 90-day period, and an extension proposal will be presented to the Aave DAO in April. Merit is designed to reward actions that benefit the Aave DAO, a twist in the competitive landscape of the DeFi space. Specifically, it uses a booster-based reward…

Ethereum’s journey through financial markets on March 18, 2024, showcases a complex landscape marked by its recent price movements and technical indicators. Amidst a volatile environment, ether is priced at $3,578 per unit, reflecting the intricate dance between buyers and sellers. Ethereum The 24-hour trading range for ethereum (ETH) oscillated between $3,534 and $3,672, presenting a relatively tight corridor for traders. This price action, coupled with a substantial $431 billion market capitalization and a $19.72 billion trading volume, underscores ether’s significant role in the crypto economy. Delving into the oscillators—a set of indicators reflecting the momentum and possible reversals—ether’s landscape…

In a week marked by significant technological strides, Cardano’s native cryptocurrency, ADA, surged by an impressive 16.5%, reaching a peak of 20% in value. The price surge propelled ADA to $0.7, consolidating its position as the eighth-largest digital asset by market capitalization, which now stands at a formidable $24.45 billion. The surge in ADA’s price was not an isolated event but rather a reflection of the substantial progress witnessed across the Cardano ecosystem. Major developments in core technology, smart contracts, scaling solutions and governance initiatives have set the stage for ADA’s remarkable ascent. Cardano development week In terms of core…

Representative French Hill of Arkansas, who currently chairs the United States House Financial Services Subcommittee on Digital Assets, Financial Technology, and Inclusion, has set his sights on assuming the leadership of the full committee following the departure of Patrick McHenry. According to a recent report from Punchbowl News, Hill is among the contenders vying to chair the full financial services committee starting in January 2025, coinciding with the end of McHenry’s term. McHenry, who has served in office for two decades, announced in December 2023 that he would not seek re-election. Hill Chaired Digital Asset Subcommittee Since Establishment Since its…

Tokenization platform Libre, which is working with Nomura’s Laser Digital, Brevan Howard’s WebN Group and Hamilton Lane, goes live. Libre has added a tokenized version of a BlackRock money-market fund so investors can earn yield while parking their capital. CEO Avtar Sehra says collateralized lending with Nomura’s Laser Digital as liquidity is planned for early in the third quarter. Libre, the startup led by tokenization pioneer Avtar Sehra and working with Nomura’s Laser Digital, Brevan Howard’s WebN group and private markets giant Hamilton Lane, has gone live, the company said on Tuesday. As well as tokenized access to Brevan Howard…

As Bitcoin surges towards its all-time high of $69,000, the cryptocurrency market is optimistic. Beyond the price rally, Bitcoin’s market capitalization has reached a new milestone, surpassing its November 2021 peak and overtaking Meta Platforms. Additionally, MicroStrategy’s stock experiences a significant surge, reaching levels not seen in two decades, fueled by the firm’s commitment to buying more Bitcoin. Bitcoin’s Market Cap Milestone and Its Global Impact Bitcoin’s bullish trend has propelled its market capitalization beyond its previous peak of $1.3020 billion in November 2021. The optimism in the Bitcoin market goes beyond price appreciation, with reports indicating its ability to…

Despite the successful implementation of the Ethereum Dencun Upgrade last week, the ETH price witnessed strong selling pressure correcting over 10% as it failed to hold the $4,000 resistance. As of press time, the Ethereum (ETH) price trades at $3,574 with a market cap of $430 billion. While Bitcoin witnessed some bounceback during the last weekend, ETH continued to remain in the grip of the bears. Majority of ETH Holders Are Profitable In recent trading sessions, the Ethereum (ETH) price experienced a notable decline, slipping over 10% from their recent peak of $4,000. Despite this downturn, a significant portion of…

Dog-themed cryptocurrency Shiba Inu has seen a 422% surge in whale transaction volume, the largest in nearly a year. According to IntoTheBlock data, the large transaction volume for Shiba Inu, which indicates whale activity, whether buying or selling, has increased by 422.58%. This equates to $374.98 million in monetary terms and a staggering 28 trillion SHIB in cryptocurrency terms. This is the highest in the last seven days. Notably, Shiba Inu has reached a yearly high for large transaction volume, with 28 trillion SHIB recorded in the last 24 hours. A large transaction volume of this magnitude was last seen…

In a significant development, Oklahoma has passed a landmark bill. This bill aims at protecting the rights of Bitcoin users. It marks the state as the 12th in the United States to undertake such a legislative initiative. The move is a considerable victory for the cryptocurrency community. This comes amidst increased scrutiny from federal entities like the Securities and Exchange Commission (SEC). Digital currency freedom expands with Oklahoma bill The Bitcoin rights bill saw overwhelming approval in the Oklahoma State House. It passed with an 81-1 vote. Representative Brian Hill championed the bill. It received backing from the Oklahoma Bitcoin…