Author: NBTC
Ethereum (ETH) reached a yearly high in transactions larger than $100,000 following the launch of spot ETH exchange-traded funds (ETF), according to IntoTheBlock’s “On-chain Insights” newsletter. This comes despite Ethereum showing a 4.6% slump in the past seven days. However, ETH ETFs have experienced net outflows of approximately $190 million in the first three days since launch, according to Farside. This is primarily due to Grayscale’s ETHE recording $1.1 billion in outflows, likely from investors who bought at a discount and sold at a profit after it transitioned to an ETF. Image: IntoTheBlock The broader crypto and stock markets have…
Popcat, a meme coin based on the Solana blockchain, saw its price surge by over 305% in the last 30 days and 63% in the past week. Popcat (POPCAT) credits its ever-growing value to a combination of strategic partnerships, technical analysis, social media campaigns, DeFi integration, and enhanced security measures. Crypto influencers also endorsed the cat-themed meme coin leading to its listing on ByBit and Crypto.com, which boosted its visibility. You might also like: Popcat token hits ATH, volume beats MOG and Brett combined Popcat Technical Analysis Technical analysis indicates a bullish trend for Popcat, with key indicators suggesting a…
Slovenia has made history by issuing the Eurozone’s first sovereign digital bond, utilizing the Canton blockchain platform for on-chain settlement. Slovenia has issued the Eurozone’s first sovereign digital bond in an on-chain transaction facilitated by French banking giant BNP Paribas and utilizing the Banque de France’s tokenized cash solution. In a press release on Friday, BNP Paribas said the issuance was part of the European Central Bank’s wholesale central bank money settlement experimentation program. The digital bond from Slovenia was issued using BNP Paribas’s Neobonds platform, which operates on the Canton blockchain. “BNP Paribas is committed to contributing to the…
US spot Bitcoin ETFs registered slight inflows on Monday. On-chain data shows that BTC’s daily active addresses increased, signaling greater blockchain usage. German Government transferred 1,500 BTC, valued at $94.7 million, out of its wallet on Monday. Bitcoin (BTC) is encountering resistance near the $64,000 level, with on-chain data indicating a rise in daily active addresses, slight inflows into US spot Bitcoin ETFs, and the German Government’s transfer of 1,500 BTC valued at $94.7 million potentially triggering a minor correction in BTC price before an anticipated upward rally in the coming days. Daily digest market movers: Bitcoin spot ETFs saw…
Veteran crypto investor Arthur Cheong believes one digital asset sector is offering long-term holders a golden opportunity. Cheong, the founder of DeFiance Capital, tells his 171,700 followers on the social media platform X that he thinks decentralized finance (DeFi) is tremendously undervalued. According to Cheong, DeFi projects are innovating at a rapid rate and are leaving traditional finance (TradFi) firms in the dust. “I haven’t been this excited about the risk/reward and potential upside of DeFi for a while. Probably the most mispriced moment since 2020 pre-DeFi summer with extremely bright outlook. I see opportunities not just in OG (original)…
It’s been a rollercoaster of a year for crypto investors, especially those who have major stakes in the likes of Bitcoin, Ether, and other highly-valued cryptocurrencies. Between the SEC’s approval of 11 spot bitcoin ETFs in January to its halving event in April, and the German government still holding close to $2 billion in BTC since last month, there have been fluctuations that have seen Bitcoin both surge and plummet within short periods this year. All that drama is set to spark up once again soon as many analysts now believe Ether’s ETFs could be mere days away from approval.…
Spain and Argentina’s football fan tokens both plummeted in value recently — despite both teams winning major tournaments. Many of the biggest coins are down more than 90% from all-time highs. You might expect a club’s football fan token to rally hard if they ended up winning a major tournament. But as Spain found out after they crushed England to pick up the Euro 2024 trophy, this isn’t always the case. In the run-up to the grand final, the Spain National Football Token (SNFT) had surged to highs of $0.039 — amid hopes history was about to be made. But…
StarkWare, one of the leading companies in the field of blockchain scalability and security, has announced its collaboration with Informal Systems to integrate the Inter-Blockchain Communication (IBC) protocol based on Cosmos into Starknet. This integration represents a significant step for Starknet, which will thus be able to connect with any chain compatible with IBC, including all the networks within the Cosmos ecosystem and other compatible external blockchains. What is the IBC protocol of Cosmos and why is it important for StarkWare? The collaboration with Informal Systems Implications for the blockchain ecosystem What is the IBC protocol of Cosmos and why…
Deribit’s BTC DVOL index, a measure of volatility expectations, has slipped to its lowest since early February. Continued volatility meltdown alongside price drop suggests an absence of demand for options. A renewed upswing in BTC’s price to $70,000 may lift DVOL. Seasoned stock traders are likely attuned to the observation that market corrections are typically accompanied by an uptick in metrics like the VIX index, which gauges volatility expectations. That’s not the case in the bitcoin market, however, even though cryptocurrency prices tend to be positively correlated to technology stocks. For instance, as bitcoin’s price has pulled back 10% from…
MetakraftAI, an AI forum that revolutionizes the monetization and creation of immersive experiences, has collaborated with Value DEX. The purpose of the collaboration between MetakraftAI and Value DEX is to improve the capabilities of both entities, offering cutting-edge opportunities and tools to the users. The platform took to its official social media account to provide details of this endeavor. MetakraftAI and Value DEX Partner to Improve the User Experience In its exclusive X post, the platform expressed its enthusiasm for this partnership. Value DEX reportedly works as a next-generation DEX that operates on the Solana Network as well as EVM…