Author: NBTC

Global Unichip’s recent surge to an all-time high ($ATH) underscores a significant market shift as AI technology increasingly outperforms Bitcoin mining equipment. This trend, highlighted by CryptoTwitter commentator @matthew_sigel, reflects a growing demand for custom chips used by major tech firms like Google and Tesla. As AI applications expand, traders must consider the implications for Bitcoin’s mining sector. The Latest The cryptocurrency market is witnessing a notable shift with Global Unichip’s stock reaching an $ATH, driven by a 111% year-over-year increase in sales attributed to AI technology. This surge contrasts sharply with the struggles faced by Bitcoin mining companies like…

Chainlink has teamed up with Trex Network to enhance accessibility to its data streams, targeting market makers and algorithmic traders. This collaboration aims to provide robust real-time data, vital for informed trading decisions and efficient strategies. As the demand for accurate data rises, this partnership positions Chainlink favorably in a competitive landscape, potentially attracting more professional traders and fostering a new wave of market engagement. What Went Down Chainlink’s partnership with Trex Network focuses on leveraging its advanced data streams, which are crucial for algorithmic trading strategies. By offering real-time data access, the collaboration aims to improve decision-making efficiencies for…

Bitcoin’s Current Range Mirrors a Key 2023 Structure as $70K–$90K Levels Come Into Focus. Bitcoin’s long-term chart shows a recurring sequence of rally, consolidation, downside liquidity sweep, and renewed expansion. The current structure is developing between roughly $60,000 and $84,000, following the decline from the chart’s major high near $124,000–$126,000. The chart also highlights a 2023 structure as a historical comparison. The price levels and sequence are similar in form, although the present structure is occurring at substantially higher nominal $BTC prices. AI-generated illustration by The Crypto Basic Bitcoin’s 2023 Structure The earlier section begins with Bitcoin bottoming around $16,000…

Spot Bitcoin and Ethereum ETFs traded in the US recorded strong capital inflows, indicating continued investor interest. According to SoSoValue data, spot Bitcoin ETFs saw a total net inflow of $232 million, marking the eighth consecutive day of net money inflows into the funds. BlackRock’s IBIT fund recorded the highest daily capital inflow among Bitcoin ETFs. With a net inflow of $201 million, IBIT’s historical total net inflows reached $63.121 billion. Grayscale’s Bitcoin Mini Trust ETF, BTC, came in second with an inflow of $46.83 million. The fund’s cumulative net inflow rose to $2.846 billion. In contrast, Grayscale experienced a…

The $XRP Ledger (XRPL) has taken another step toward broader blockchain interoperability with the launch of native cross-chain transfers through Axelar Network. Because of this integration, both the $XRP Ledger and the XRPL EVM Sidechain are available via the Axelar App. This allows users to move supported assets across multiple blockchain networks with little to no friction. Initially, the integration supports $XRP alongside several other assets, including SHx, USDf, SOIL, WETH, WBTC, mBTC, mTBILL and mXRP. The $XRP Ledger Foundation has noted that users can now “move assets cross-chain and settle in seconds on the $XRP Ledger.” Cross-chain infrastructure is…

The U.S. Securities and Exchange Commission (SEC) has approved a five-year regulatory framework for the “Innovation Exemption.” The decision legalizes, for the first time, the trading of blockchain-based tokenized stocks in the United States. Robinhood CEO Vlad Tenev commented on the regulator’s decision on X with a succinct phrase: “Tokenization is coming to America.” According to him, U.S. investors will finally gain access to the benefits of on-chain infrastructure: 24/7 trading, instant settlement, and fractional stock ownership by default. Robinhood has already confirmed its support for the initiative. Tokenization is coming to America.Thanks to the SEC’s leadership, Americans can start…

LSEG has outlined plans for 24/5 trading, a digital securities depository, tokenized equities, and new infrastructure involving Kraken and HSBC. LSEG plans to connect trading and tokenized settlement The European Blockchain Convention’s Day 2 media briefing attributed the plans to Darko Hajdukovic of London Stock Exchange Group, who discussed the projects during a panel on institutional digital-market infrastructure. “In the first half of next year we move to a 24/5 trading cycle, LSEG24. We’re building a digital securities depository, partnering with Kraken to list on it, and building tokenised equity tokens. We’ve also signed an MOU with HSBC on an…

1inch has officially launched Arc in its decentralized application, enhancing its utility for users. This integration allows for seamless asset swaps and cross-chain transactions, reflecting the platform’s commitment to evolving in the competitive crypto space. As noted in a tweet from the project, this feature aims to simplify the trading experience for users navigating multiple blockchain networks. What Went Down The launch of Arc comes at a time when the broader crypto market is displaying mixed signals. Despite the lack of trading volume data for 1inch, the announcement has generated buzz on social media, reflecting a growing interest in cross-chain…

Jiang Zhuoer, a well-known cryptocurrency miner from China, announced that he has repurchased all of his Bitcoin ($BTC) positions that he recently sold. Jiang stated that buying pressure in the market remains strong and that he expects the Bitcoin price to rise to the $80,000-$84,000 range. Jiang Zhuoer announced in a recent statement that he has repurchased all the Bitcoin he previously sold on the spot market following the obstacles encountered by the CLARITY Act. The renowned miner believes that buyers remain strong in the current market outlook, which could drive the Bitcoin price higher. Jiang’s latest move represents a…

Bitwise’s market-neutral crypto fund, the USCC, has posted a 5.9% annualized return over the past 30 days, driven by a widening gap between futures and spot prices. The fund employs a cash-and-carry strategy, buying major spot assets like Bitcoin and Ethereum while simultaneously selling futures contracts to capture the premium spread without taking directional market risk. How the Strategy Works The cash-and-carry approach is a well-established arbitrage technique in traditional finance, and its application in crypto has gained traction among institutional investors seeking yield without exposure to price swings. By holding spot assets and shorting futures, the fund locks in…