Author: NBTC

Over the 121-year old facade of the New York Stock Exchange, a freshly printed Ethereum ETF banner hung like a hoisted pirate flag. Tourists stopped, stared, and pointed. The younger ones explained what Ethereum was to their families, and guessed about the ETF part. The imagery was powerful and undeniable: Ethereum had conquered Wall Street. Or maybe it was the other way around? Inside the NYSE on Friday afternoon, investment bankers, asset managers, and a few NFT heavyweights gathered to celebrate the arrival of spot Ethereum ETFs in the United States by ringing the exchange’s closing bell. They were there…

Today, enjoy the On the Margin newsletter on Blockworks.co. Tomorrow, get the news delivered directly to your inbox. Subscribe to the On the Margin newsletter. Welcome to the On the Margin Newsletter, brought to you by Ben Strack, Casey Wagner and Felix Jauvin. Here’s what you’ll find in today’s edition: We read between the lines of yesterday’s Fed meeting. As crypto gets political, an industry CEO expects Democrats to soon appeal to the industry. SEC Commissioner Mark Uyeda doubles down on his pro-crypto stance. The biggest FOMC takeaways What’s become a regular sequence occurred again yesterday during the FOMC meeting.…

SoonVerse has announced a new partnership with Arris. Arris is an on-chain interactive aggregate growth platform with boosters. This collaboration aims to enhance the user experience. In addition to this, this partnership will also offer new earning opportunities for the SoonVerse community. 𝐖𝐞’𝐯𝐞 𝐩𝐚𝐫𝐭𝐧𝐞𝐫𝐞𝐝 𝐰𝐢𝐭𝐡 𝐀𝐫𝐫𝐢𝐬 🎉✔️Let’s welcome On-Chain Interactive Aggregate Growth Platform with Boosters, @Arris_io!With Arris AI and the OiEarn model, users enjoy enhanced earning potential through transaction volume and task completion.✨… pic.twitter.com/1Zlm58gOKA — SoonVerse❤️AIGG (@soon_verse) July 31, 2024 AI and OiEarn Features Make Arris Popular Among SoonVerse Users The features that have made Arris popular are AI and…

Bitcoin’s price has dropped to a one-month low, reaching $58.5K this week, as confirmed by CryptoQuant, a leading analytic firm. This decline aligns with predictions from their previous report, which highlighted slow demand growth for Bitcoin. Despite the cryptocurrency market remaining in a bull phase, it exhibits the least bullish sentiment observed since March 2023. The ultimate support level for #Bitcoin is $56K; falling below this could lead to a major correction. pic.twitter.com/ZD9xDN6wAm — CryptoQuant.com (@cryptoquant_com) June 28, 2024 CryptoQuant’s latest report details several crucial on-chain metrics to determine whether Bitcoin has reached its price floor and the conditions necessary…

Though investors exiting the Grayscale Ethereum Trust (ETHE) hurt the US spot ETH ETF market’s initial net flows figure, four of the funds saw solid traction. The nine ETFs collectively posted net outflows of $342 million in their first four trading days (July 23-26), according to Farside Investors data. Sizable inflows into products by BlackRock, Bitwise and Fidelity could not make up for the $1.5 billion leaving higher-priced (2.5%) ETHE. Those outflows roughly match those endured by the Grayscale Bitcoin Trust (GBTC) during the product’s first four days as an ETF. Read more: Nomura’s crypto unit to offer yield-bearing ETH…

Shares of Coinbase rose about 2% after the company reported its earnings. The company’s second quarter adjusted Ebitda missed Wall Street’s expectations. Coinbase (COIN) second-quarter revenue beat the Wall Street analysts’ estimates slightly as the industry continues to recover from the crypto winter, sending the crypto exchange’s shares higher. The crypto exchange said its second quarter total revenue was $1.45 billion versus average estimate of about $1.4 billion, according to FactSet. However, the second quarter adjusted Ebitda of $596 million came in lower than the consensus of $607.7 million. Coinbase’s biggest source of income comes from transaction fees, which slipped…

A top-tier layer-1 blockchain for Decentralized Physical Infrastructure Networks (DePIN) and Machine RWAs, peaq revealed its ecosystem expansion with the addition of the Kaisar Network. Kaisar is transforming the AI industry, providing decentralized alternatives to centralized data centers and cloud GPU services, based on Web3 principles. Kaisar Network plans to introduce its native KAI token and implement its core business logic on peaq. With access to more than 100,000 GPUs from a variety of sources, including businesses, data centers and private users, this integration will allow Kaisar to provide decentralized GPU capacities. This action tackles the severe GPU shortage that…

A nice thing about watching Olympic swimming is that it’s not too complicated to determine who’s the fastest. Everyone dives into the same pool, there’s some paddling, and at the end of the final lap, one person touches the wall first. The same can’t be said for blockchains, where engineers are always releasing ever more powerful, speedier systems, and use-cases and transaction types vary from project to project, as do tools and methods for measuring performance. The dilemma extends to designers of cryptographic tools, and the myriad ways of reporting hashes per second. Such was the backdrop as Polyhedra Network,…

American businessman Dave Portnoy, the founder and owner of Barstool Sports, announced that if bitcoin drops to the $40,000 range, he will invest $5-10 million worth of BTC using Barstool funds. Portnoy stated that while he personally owns BTC, he wouldn’t use Barstool money to buy at the $60,000 level. Portnoy’s Bitcoin Bet: Barstool Sports Founder Awaits $40K BTC Dip Portnoy, widely recognized for Barstool Sports, a prominent sports and pop culture media company, has previously discussed bitcoin multiple times. He bought the cryptocurrency during the pandemic but sold it shortly afterward, regretting his decision as bitcoin’s value significantly increased…

Israel’s central bank has announced the first batch of participants in its digital shekel challenge, including PayPal (NASDAQ: PYPL) Israel and digital asset custodian Fireblocks. Announced in May, the challenge invited applicants with ideas on how to boost payment efficiency and cut costs through the proposed digital shekel. It was inspired by the Bank of England’s (BoE) Project Rosalind’s two-tier API model and was open to lenders, payment companies, fintechs and academic innovation labs. The Bank of Israel (BOI) has announced the 14 successful applicants participating in the first iteration. They are led by PayPal’s local subsidiary, Fireblocks, a digital…