Author: NBTC
GameStop’s stock price keeps sinking as famed trader and influencer Keith Gill—better known as Roaring Kitty or DeepFuckingValue—continues his retreat from the spotlight. And now the stock is down over the past month, shedding the last of the latest batch of gains. GME is trading for $23.00 as of this writing, down nearly 3% since Monday’s closing price and 7% over the past week, per data from Google Finance. The last leg down has pushed GameStop’s stock price to a monthly loss of just over 3%, or $0.75. That’s a real shift from about three weeks back, when GameStop’s stock…
Injective, a Layer 1 (L1) protocol, emerged as one of the standout performers in the crypto market on Thursday, with its native token INJ experiencing a substantial 7% surge within the past 24 hours. Accompanying this surge, the protocol’s market capitalization is inching closer to the significant milestone of $3 billion. The price movement coincides with notable announcements by the Injective protocol regarding its token and ecosystem. Injective Users To Burn 6 Million INJ One of the key announcements unveiled by the protocol is the release of a comprehensive paper on the Injective Token, INJ. The paper delves into the…
ChainSwap has recently enhanced its capabilities by successfully integrating Chainlink’s Cross-Chain Interoperability Protocol (CCIP). This collaboration has been operational across several major blockchains, including Ethereum, Arbitrum, Polygon, Avalanche, Optimism, and Base. The integration has supported over $10 million in transaction volume in the past four months, engaging nearly 2,000 unique wallet users. .@chainswaperc has integrated #Chainlink CCIP Programmable Token Transfers to power cross-chain swaps on @arbitrum, @avax, @base, @ethereum, @optimism, and @0xPolygon.CCIP will also enable cross-chain swaps through ChainSwap’s upcoming Telegram bot. https://t.co/E5Q7FyzBVU — Chainlink (@chainlink) June 26, 2024 ChainSwap selected Chainlink CCIP because of its unmatched security features, which…
Bitcoin is starting the week having seen monthly highs over $67,000 over the weekend and early this morning. At the time of writing, the Bitcoin price has retraced slightly to $66,868.04 after having dropped 0.4% in the past 24 hours, according to CoinGecko data. That means the world’s oldest and largest cryptocurrency now has a $1.3 trillion market capitalization and accounts for more than half the $2.5 trillion global crypto market cap. The sunny disposition of Bitcoin price charts has some analysts breathing a sigh of relief. “Bitcoin broke the local downtrend, reclaimed the previous cycle highs – and now…
The Bank for International Settlements (BIS) has called on central banks to embrace artificial intelligence (AI) in anticipation of its significant impact on the economy and financial system. In a pre-released chapter of its upcoming Annual Economic Report for 2024, the BIS emphasized that the widespread adoption of AI could affect inflation trends and urged policymakers to incorporate AI into their operations to enhance financial and price stability. The BIS Innovation Hub’s head, Cecilia Skingsley, said the regulator is actively testing AI’s capabilities in various areas in collaboration with central bank partners. She added: “Central banks were early adopters of…
Ondo Finance has recently announced an exciting development that Anchorage Digital has added two new coins including $USDY and $OUSG. It is one of the leading platform and custodian in the digital currency space. In addition to this, it is one of the industry’s leading crypto solutions providers that helps institutions get involved in the digital assets market. Some of these services are custody, governance, settlement, staking, trading, and strong security measures. 🌐 We are delighted to share that @Anchorage Digital, a regulated platform and custodian with the only federally chartered bank, now supports $USDY and $OUSG! 🌐🤝 Anchorage Digital…
In the rapidly evolving landscape of blockchain technology, the integration of Secret Network‘s Confidential Computing Layer with XDC Network marks a significant advancement in enhancing privacy and security within the blockchain space. This collaboration introduces cutting-edge confidential computing capabilities to XDC’s enterprise-grade blockchain, paving the way for more secure and versatile applications across various industries. We’re excited to announce a partnership and integration of Secret’s Confidential Computing Layer with @XDCFoundation, an enterprise-grade blockchain designed to revolutionize the tokenization of real-world assets #RWAs!Learn more 👇https://t.co/S9e5rmVsVp🧵 (1/5) — Secret Network (@SecretNetwork) June 26, 2024 Enhancing Privacy and Security in Blockchain Applications The…
While Bitcoin has experienced a significant increase recently, surpassing $67,000, analysts continue to interpret BTC’s price movements and make new predictions. At this point, many analysts argue that Bitcoin is currently in a consolidation and reaccumulation phase. Analysts note that the current phase presents an opportunity for investors to buy at affordable prices before BTC begins its post-halving rally. One of these analysts, Rekt Capital, claimed that Bitcoin is in the halving decline and reaccumulation phase before starting the big bull rally. Referring to historical data in his analysis, the analyst compared the last halving with the halving cycle that…
Crypto-themed ETFs have outperformed the S&P 500 in their performance from 2023 until today. These ETFs achieved the feat with little or no exposure to Nvidia. Current crypto bull cycle may have contributed to their impressive performance. In an X post on Tuesday, Bloomberg analyst Eric Balchunas revealed that certain crypto-themed ETFs have “done the near-impossible” by beating the S&P 500 from January 2023 to date — with little or no exposure to Nvidia (NVDA). Crypto-themed ETFs top list of ETFs to outperform S&P 500 Recent data from Bloomberg on Tuesday showed that crypto-focused ETFs achieved an impressive feat by…
The volatile world of cryptocurrency trading often presents stories of massive gains and losses, showcasing the high-risk, high-reward nature of this digital asset market. A remarkable instance of such volatility has recently been documented by Lookonchain, a platform known for its insightful analysis of blockchain data. According to their report, an astute trader transformed an initial investment of $777,000 into a staggering $9.4 million within just eight days, achieving an astonishing return on investment (ROI) of 1110%. This financial feat was accomplished through strategic purchases of the cryptocurrency known as MOTHER token. Between May 29 and June 1, the trader…