Author: NBTC
Bitcoin (BTC) is once again flirting with the possibility of reclaiming a new record after successfully breaching the $65,000 resistance mark. As the maiden cryptocurrency seemingly benefits from the euphoria around the latest United States inflation data, technical indicators suggest that a new record high for Bitcoin is on the horizon. Particularly, in a TradingView post on May 16, crypto trading expert TradingShot suggested that Bitcoin might be in line to clinch the $150,000 target by August 2024. The analyst pointed out that Bitcoin has shown signs of resurgence, buoyed by a recent 25% correction which the expert deemed as…
Key Points: Nate Geraci predicts the spot Ethereum ETF launch could be the week of July 15, with filings on July 8 and 12. Eric Balchunas now expects SEC approval the week of July 8, citing regulatory amendments and minimal pre-Independence Day activity. Analysts anticipate Ethereum ETFs to outperform Bitcoin post-launch, with Bitcoin facing pressure from Mt. Gox. Predicted Spot Ethereum ETF Launch Date According to Geraci, Bloomberg forecasts the revised S-1 filing on July 8, with the final submission expected on July 12, potentially leading to a spot Ethereum ETF launch in the week of July 15. However, industry…
UBS senior US equity strategist Nadia Lovell recently appeared on CNBC’s ‘Squawk Box’ to discuss the latest market trends and what it will take to move the market higher. Heading into the second half of the year, Lovell expects the market to remain on an upward trend, although not to the magnitude of the 14%-plus growth in the first half. Lovell believes the upcoming earnings report season will be crucial to pushing the market higher, given that valuations are currently stretched. Interestingly, Lovell’s market thesis relies on two rate cuts this calendar year, starting in September. However, he explained that…
JasmyCoin CFO and CEOs share bullish expectations for JASMY price. They expect JASMY to hit $17 when the platform sees over 107 million users. This price is expected to be reached tentatively by 2026, JASMY remains bullish. JasmyCoin continues its upward climb as more interest flocks to the project. The asset known as the Bitcoin of Japan began its journey in the far east and is slowly making its way to the west and the rest of the world. JASMY’s CFO Hara San and CEO Ando & Sato say that as JASMY hits 107 million users then the price target…
Coinbase is celebrating a huge legal win thanks to Judge Jackson’s recent ruling in the SEC v. Binance case. This decision backs an earlier ruling by Judge Analisa Torres in the SEC v. Ripple Labs case. Judge Torres established that secondary sales of XRP were not unregistered securities because XRP didn’t meet the SEC’s criteria for an investment contract. Source: Coinbase However, she also ruled that initial sales of XRP to institutional investors did constitute securities transactions due to the way the sales were conducted, not because of the token’s characteristics. Judge Jackson’s decision confirms that an investment contract does…
US-based investment company Vanguard, which has a negative perspective on Bitcoin and cryptocurrencies, recently introduced its new CEO. Vanguard, which manages $7.2 trillion in assets, has named Salim Ramji, the former head of BlackRock’s global ETF division, as its new CEO. It was wondered whether there would be a change in Vanguard’s decision regarding spot Bitcoin ETFs regarding the transfer of Salim Ramji, an important name in the launch of BlackRock’s spot Bitcoin ETF, to Vanguard. Unlike global giants such as BlackRock, Vanguard’s new CEO Salim Ramji, who has a negative attitude towards cryptocurrencies such as Bitcoin, gave his first…
Ether’s options market shows a bullish bias over the 30-day and six-month period ahead of the ETF launch, mirroring bitcoin market trends in January. Ether’s market, however, shows no signs of bullish euphoria. The measured bullish sentiment might lead to ether outperformance later. The much-anticipated U.S. exchange-traded funds (ETF) that directly invest in ether (ETH) are expected to begin trading as soon as mid-July. Ahead of the debut, trends in the ether options market on Deribit closely mirror the sentiment in bitcoin (BTC) options in the lead-up to the BTC ETFs six months ago, except for one key difference that…
Shiba Inu’s blockchain platform, Shibarium, has seen a significant increase in activity, with the number of new accounts rising by 3,436% in just 24 hours. Data from Shibariumscan shows that new accounts on the network jumped from 30 to 1,031 overnight, indicating a substantial rise in user engagement. This increase follows concerns about Shibarium’s declining activity and attention. The rapid change within a single day has altered this narrative. In addition to the rise in new accounts, the transaction volume on the Shibarium network also increased, growing from 4,751 to 8,527 transactions. This represents an 80% increase in transaction activity…
Michael Saylor, the CEO of MicroStrategy and a prominent advocate for Bitcoin, has once again attracted attention with a recent statement regarding the cryptocurrency. Saylor’s succinct declaration characterizes Bitcoin (BTC) as the embodiment of a cultural phenomenon, referring to it as the “Meme-ing of Life.” This unexpected analogy comes amid a growing trend of meme-inspired cryptocurrencies gaining traction on the market. It is interesting that Saylor pointed out precisely the memeing connotation when real meme mania is unfolding on the crypto market. While all sorts of dog- and cat-inspired tokens are soaring parabolas on their price charts, Saylor emphasizes Bitcoin’s…
Uniswap is growing, with over 4 million swappers recorded on Layer 2 networks in 30 days. The most important L2 protocols driving this growth include Arbitrum, Optimism, and Polygon. Renowned decentralized crypto exchange Uniswap recently clinched a key milestone, recording over four million swappers on Layer 2 (L2) platforms monthly. This is a major achievement for exchange as it is almost twice its previous all-time high, according to Uniswap Labs. It also represents the growing popularity of L2 in the Decentralized Finance (DeFi) ecosystem. L2 Activities Spike on Uniswap According to data compiled by Dune Analytics, prominent L2 solutions such…