Author: NBTC
A question looming over Tuesday’s launch of spot Ethereum ETFs is whether any outflows from a flagship fund at Grayscale could dull investors’ initial excitement. When spot Bitcoin ETFs launched in January, the Grayscale Bitcoin Trust (GBTC) shed more than $2 billion in its first five trading days, as investors took profits or flocked to funds from financial giants like Fidelity and BlackRock. Initially, Bitcoin’s price fell amid a Wall Street debut, somewhat stifling the buzz around their long-awaited launch. Boasting over $9 billion in assets under management, the management fee for the Grayscale Ethereum Trust (ETHE) has remained steady…
Other participants in the round were Collab+Currency, Sfermion, Mirana Ventures, Bitscale Capital, and Mantle EcoFund. NPC Labs said it plans to use the proceeds to act as a core contributor to B3.fun, an ecosystem that looks to build Web3 games on Base. NPC Labs, a developer looking to build a GameFi ecosystem on the Base protocol, has closed an $18 million funding round led by Pantera Capital. In an interview with CoinDesk, NPC Labs’ co-founder Daryl Xu, explained that the company’s mission is to scale gaming on Base by acting as a core contributor to B3.fun, a Base gaming ecosystem,…
Shiba Inu’s marketing lead, Lucie, hints at imminent altcoin season, a period characterized by increased activities and rising prices for alternative cryptocurrencies, like SHIB. The marketing lead made the assertion while reacting to BlackRock’s recent promotional video for its iShares Ethereum Trust ETF (ETHA). BlackRock’s Promotional ETHA Video In the video, BlackRock U.S. Head of Thematic and Active ETFs Jay Jacobs highlighted Ethereum’s unique features. According to Jacobs, Ethereum’s appeal lies in its utility. He said Ethereum can be likened to a global platform for decentralized applications, noting the growing demand for ETH. As interest in Ethereum increased, BlackRock introduced…
A narrow bill to create a U.S. working group to dig into crypto use in terrorism and money laundering passed the U.S. House of Representatives in a routine vote. The legislation isn’t likely to get any further without a Senate counterpart, but it marks another congressional approval of a crypto measure. While Congress considered this latest crypto bill, industry representatives were reaching out to Vice President Kamala Harris on Monday and encouraging her to embrace cryptocurrency as a presidential candidate. The U.S. House of Representatives has approved another piece of cryptocurrency legislation with a routine voice vote, though the bill…
The VoxEdit Contest in The Sandbox is offering a reward pool of 10,000 $SAND to participants who design the best wearables based on selected memes like DOGE, SHIBA, BONK, DEGEN, AND PEPE. This amount will be split amongst the top participants, with 2,500 tokens allocated for the 1st place with 1,750 $SAND and 1,000 $SAND to go to the 2nd and 3rd places, respectively. With that, participants in the 4th to 10th position will receive 250 $SAND each. There’s also a participation prize of 30 $SAND. VoxEdit presents: #RiseOfTheMemecoins Contest 🎨Theme: Memes as Wearables 👕🧢 Turn your favorite meme into…
Bithumb, a prominent cryptocurrency exchange, has added AVAIL to its Korean Won (KRW) market, marking a significant development in the crypto world. This integration offers Bithumb users a broader range of trading options. AVAIL, known for its innovative blockchain solutions, serves as an integration layer that connects various blockchains without the need for bridges. Contents hide 1 What Does AVAIL Mean for Korean Won Transactions? 2 How Are Trading Restrictions and Security Measures Implemented? 3 Key User Considerations How Are Trading Restrictions and Security Measures Implemented? To ensure a secure trading environment, Bithumb has imposed various restrictions on AVAIL transactions.…
Decrypt’s Art, Fashion, and Entertainment Hub. A lone-wolf Bitcoin miner hit the jackpot today by processing a block on the biggest cryptocurrency’s network. The block contained 4,365 transactions and was processed at 12:43pm ET on Wednesday. The miner received 3.19 BTC for processing the block—today worth around $210,000. First flagged on X (aka Twitter) on Wednesday by journalist Pete Rizzo, the miner processed block 853,742 of the Bitcoin blockchain. HISTORY: A $200 at-home #Bitcoin miner just mined a block worth OVER $200,000 They beat once in a lifetime odds 🔥 pic.twitter.com/qE83q2d1cw — The Bitcoin Historian (@pete_rizzo_) July 24, 2024 Bitcoin…
Bitcoin (BTC) slumped 5% in the last 24 hours, reaching the sub-$57,000 price level for a brief period. This could be related to the cautious optimism that the FOMC minutes released this week showed to the market, signaling a wait-and-see approach from the Fed. Jag Kooner, Head of Derivatives at Bitfinex, added that the NFP numbers coming out tomorrow could lead BTC to stabilize or go for a deeper correction in the worst-case scenario. “The cautious tone of the Fed minutes, indicating a wait for more definitive economic data before rate cuts, could help to bring stability to Bitcoin prices…
Superstate’s new tokenized fund will generate yield based on “cash and carry” investment strategy. CEO Robert Leshner said the new fund is “highly-regulated product” for qualified investors. Blockchain-based asset management firm Superstate has introduced a new tokenized fund that will provide yield based on the popular “cash and carry” investment strategy. The USCC token, an ERC-20 token on the Ethereum blockchain, will generate yield for holders by buying spot bitcoin (BTC) and ether (ETH) and taking an equal size of short positions of, or selling, BTC and ETH futures. The trade offers a delta-neutral position, profiting from the market without…
Global asset management firm Franklin Templeton Investments has shared its bullish stance on Solana (SOL). Its team has explained why Solana is a major player in the industry and how it is going to shape the industry in the future. This support from Franklin Templeton is considered a major bullish catalyst for SOL. The firm tweeted earlier today that there are many important developments that are going to drive the crypto industry forward. According to the firm, this is beyond Bitcoin (BTC) and Ethereum (ETH) – two leading players in the sector. Franklin Templeton emphasized that Solana has emerged as…