Author: NBTC

Crypto markets rallied yesterday after U.S. inflation data came in lower than expected, sparking a revival in the buying sentiment.soared past $66,000 for the first time since April 24 and has increased by more than 6% in the past 24 hours. As the market recovers from the recent low, there might be a surge in altcoins prices. Analysts believe that Bitcoin’s recent breakout has revived market confidence and investors might soon switch their focus toward altcoins. BTC Price Sets Eye On ATH The Bitcoin rally followed the release of April’s U.S. Consumer Price Index (CPI) figures, which showed a slight…

Ethereum (ETH) price has encountered a setback after briefly surpassing the $3,500 mark on Monday, dropping once again to the $3,400 support level on Tuesday. The delay stems from the expected full approval by the SEC for Ethereum ETF applications, which have now been postponed to July 8. SEC Requests Revised Filings Analysts had initially anticipated approval by July 2, but the SEC has requested issuers to submit revised filings by July 8. Bloomberg ETF expert Erich Balchunas shared on social media that the SEC took additional time to provide feedback, resulting in a revised timeline. Balchunas stated: Unfort think…

Marathon Digital Holdings Inc., (MARA) was up more than 11% early Monday afternoon as crypto stocks rose sharply to mirror Bitcoin (BTC) gains. After struggling with bearish pressure amid miner and government wallets selling, bitcoin price broke to above $63k on July 1. While the flagship cryptocurrency pared gains to return below this mark, the positive sentiment that had also pushed altcoins higher cascaded into the crypto stocks market. BTC traded around $63,182 at the time of writing, up 2.8% in the past 24 hours. Analysts suggest Bitcoin could be headed for a bounce this July. MARA and COIN stocks…

An early Shiba Inu whale address reawakens after 2.6 years of inactivity, purchasing over 323 billion SHIB with wrapped Ethereum (WETH) in three hours. Blockchain surveillance platform Spot on Chain first called attention to this whale’s latest activities. Notably, the address initially received 167 billion SHIB in April 2021, eight months after Shiba Inu launched. These tokens were sent from one of the earliest whales that interacted with SHIB upon launch. An early buyer-linked whale just swapped 1K $WETH ($3.83M) for 149.3 $SHIB in the past hour! The whale’s last $SHIB activity was selling 167B $SHIB ($6.13M) 3 years ago.…

The US Securities and Exchange Commission has hit back at Ripple in its response to the defendant’s notice of supplemental authority. As reported by U.Today, Ripple cited a recent Binance ruling in its notice to highlight that the SEC’s “regulation-by-enforcement” approach is not efficient. Ripple pointed to the lack of regulatory clarity in order to bolster its argument against the agency. However, the SEC has slammed the attempt to insert the Binance case into the ongoing remedies-related dispute. The agency’s Jorge Tenreiro has noted that it is “completely irrelevant” to the current motion. Moreover, the SEC argues that Ripple actually…

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…