Author: NBTC
BitMEX co-founder Arthur Hayes is launching a Bitcoin Ordinals collection dubbed Airhead, entering the market for Bitcoin-based collectibles by releasing a clutch of ballooned characters. Comprising 10,000 NFT-like assets, the batch of inflated profile pictures (PFP) stem from a collaboration with Oyl Wallet. The digital wallet for Bitcoin launched earlier this month, and on Thursday began allowlisting would-be buyers for the Airhead drop. The startup counts Hayes’ family office Maelstrom as an investor. “It’s not like you’re just offering them an NFT but on Bitcoin,” Hayes said in an interview with Decrypt. “It’s a completely different thing that speaks to…
Ethereum has lagged behind both Bitcoin and Solana in price in recent months, but experts suggest that this trend could soon change. Despite Ethereum’s significant technological advances and growing institutional interest, its price growth has not matched the impressive increases seen by its peers. According to an investment simulator from 21Shares, Bitcoin and Solana have both increased by 38% since the beginning of the year, while ETH has only gained 15%. This discrepancy raises questions about ETH’s current market position and future prospects. Yves Longchamp, managing director and head of research at AMINA, a crypto bank, said Ethereum’s distinct role…
Chinese regional banks, which were once used as bridges to process payments from Russia to China, have begun rejecting these payments for fear of secondary sanctions. To facilitate these transactions, cryptocurrency and even barter schemes have emerged as options to continue trading outside the dollar-dominated financial system. Crypto Considered for Settling Trade Transactions Between China and Russia as Payment Options Wither Russian-Chinese bilateral trade is facing increasing difficulties due to the difficult task of settling transactions. According to Izvestiya, local companies have reported that 98% of Chinese regional banks do not process yuan-based transactions from Russia. This scheme had been…
Storj bought Valdi, a provider of high-performance cloud computing, for an undisclosed amount. The deal means that Storj can also offer GPUs to its enterprise clients. Storj, a crypto-backed cloud-storage platform, said it bought Valdi, a provider of high-performance cloud computing, to add graphics-processing-unit (GPU) computing for its enterprise clients. The Valdi network comprises over 16,000 GPUs globally and provides on-demand processing that is used for artificial intelligence (AI) training in industries such as technology, research and life sciences, Storj said in a press release. Terms of the deal were not disclosed. Surging demand for power and infrastructure from AI…
As the broader cryptocurrency market experiences a downturn, Bitcoin (BTC) remains under significant selling pressure, currently trading at $65,685. Meanwhile, silver (XAG/USD) clings to a key support level of $29.00, rebounding as US bond yields come under pressure. This dynamic economic landscape has led investors to reconsider their options, weighing the benefits of Bitcoin as a growing digital asset against silver’s integral role in emerging technologies and its sensitivity to industrial demand cycles. Divergent roles in investment portfolios Bitcoin and silver offer unique opportunities in investment portfolios due to their divergent roles. Bitcoin’s potential for aggressive growth and high volatility…
Ethereum price started a steady increase above the $2,650 resistance. ETH is beating Bitcoin and might even rally toward the $3,000 resistance zone. Ethereum started a fresh increase above the $2,580 and $2,650 levels. The price is trading above $2,670 and the 100-hourly Simple Moving Average. There is a key contracting triangle forming with support at $2,670 on the hourly chart of ETH/USD (data feed via Kraken). The pair could extend gains if it clears the $2,750 resistance zone. Ethereum Price Eyes More Upsides Ethereum price started a decent increase from the $2,520 support zone. ETH outperformed Bitcoin and surpassed…
The Fed is considering a rate cut in September following the release of July’s Consumer Price Index (CPI) figures. Nick Timiraos, often referred to as the “FED spokesman,” said the CPI figures pave the way for a possible rate cut at the FED’s next meeting. The labor market has shown signs of potential weakness recently, further complicating the Fed’s decision. The main debate at the September meeting will center on whether to cut interest rates by 25 basis points or a larger 50 basis points. Inflation data released Wednesday did not provide a definitive answer, leaving the decision dependent on…
In the decentralized physical infrastructure networks (DePin) sector, several standout projects are significantly profiting. They have innovated ways to decentralize services such as telecommunications, graphic processing units (GPUs), and Internet of Things (IoT) devices. As these projects grow, their financial metrics, especially fees, attract investors and analysts. 3 DePin Projects With Highest Fees Customers use services and pay fees in fiat or native ecosystem tokens. This approach boosts the projects’ revenue and enhances token value through increased usage. Recent data from House of Chimera indicates that io.net (IO), Helium (HNT), and Akash Network led in fee generation over the past…
Reputed crypto and Bitcoin analyst shares his take on when altcoins will set new ATHs. He shares a report explaining how the crypto market is facing another correction phase. He encourages the crypto community to look at historic charts and make smart decisions. As the crypto market swings into another brutal market dip altcoin and Bitcoin holders everywhere try to keep their hopes up. Renowned analysts share their observations to find a source for the cause of the dip besides a simple correction phase. While some point to Bitcoin ETF trading as a reason, one reputed crypto and Bitcoin analyst,…
Ethereum ETFs saw $5 million in net inflows as Grayscale Ethereum Trust ended its outflow streak. Investors are accumulating Ethereum, as evidenced by increased outflows and declining reserves across ETH exchanges. Key technical indicators suggest Ethereum could decline 25% to approach the $2,000 psychological level. Ethereum is up more than 2% on Tuesday following minor inflows across ETH ETFs. ETH technical indicators suggest that its price could approach the $2,000 psychological level in the coming weeks, but investors’ accumulation may prevail due to key on-chain metrics. Daily digest market movers: ETH ETF flows, investor accumulation Ethereum ETFs recorded minor net…