Author: NBTC

Spot ether exchange-traded funds successfully debuted in the U.S. on Tuesday, but regulators didn’t let the ETFs generate income for investors by staking their ETH. The absence represents a disadvantage over directly holding the cryptocurrency, but issuers are hopeful regulators will eventually allow staking. Eight newly approved spot ether (ETH) exchange-traded funds got off to a busy start following their debut this week, despite lacking a key feature of Ethereum’s native token: staking income. While the Grayscale Ethereum Trust (ETHE), which has existed in non-ETF form for years but just converted into an ETF, has seen about $811 million of…

Dogecoin’s surge boosts FLOKI’s potential, thanks to Elon Musk’s endorsement. FLOKI’s locked supply and buy-burn mechanism support its price amid Dogecoin’s rally. Dogecoin’s rise sparks interest in FLOKI, driven by historical correlation and reduced supply. Dogecoin is on a roll, and its impact is rippling through the memecoin market. According to Elon Musk, this rally is a game-changer for other dog-themed cryptocurrencies like FLOKI. #Dogecoin is ripping hard right now, which is massively bullish for $FLOKI and other dog #memecoins!#FLOKI has strong historical correlation with $DOGE, and this time won’t be different.In fact with a quarter of its circulating supply…

Main Takeaways Just a few months after its launch, Binance has taken the world by storm as the largest cryptocurrency exchange in the world, growing at lightning speed. When people think of Binance, they think of cryptocurrency trading and transactions, its flagship products, from Binance Earn to Web3 wallet, and perhaps its memorable campaigns and collaborations. However, Binance is much more than all of that. Here are seven interesting facts about Binance that may not be always obvious to the public. Over the past seven years, Binance has grown from a fledgling startup into a global powerhouse, revolutionizing the way…

Bitcoin, which started the new week and the new month positively, rose to $63,800 yesterday. However, affected by the market activity, BTC fell back to $ 62,500. While large amounts of BTC transfers were effective in this decline, a whale or institution transferred $114 million worth of BTC to Binance. This large transaction by the institutional whale shook the entire market and dropped the Bitcoin price below $63,000. Additionally, investors’ anxiety about a possible sales wave in BTC has increased. According to Spot on Chain’s post, a whale deposited 1,800 BTC worth $114 million to Binance just before the price…

Cryptocurrency analyst Miles Deutscher believes that the most recent Ethereum price drop is “not surprising at all.” Deutscher added that the recent pullback might actually be an opportunity for investors. The most recent Ethereum price drop caught many market participants off guard just a day after the launch of the much-awaited exchange-traded funds. As reported by U.Today, the flagship altcoin plunged by as much as 8% this Thursday. Apart from significant outflows recorded by Ethereum ETFs, the second-largest cryptocurrency also came under pressure due to the recent stock market crash. However, as Deutscher points out, the crypto king also experienced…

WazirX, the Indian cryptocurrency exchange that suffered a loss of $230 million in a cyberattack, has devised a controversial recovery plan that would impact all the platform’s users, even those who were not affected by the attack. The platform did not insure clients’ funds. According to a blog post published by the exchange on Saturday, the “socialisation” of the losses and the distribution of the impact among all users have been proposed. However, the exchange will conduct a vote on the controversial proposal by August 3. Users Suffer Due to the Lack of Insurance Crypto exchange hacks are not new.…

The German government intensified the sell-off of its Bitcoin holdings Tuesday and transferred a total of 282.74 BTC, valued at approximately $17.64 million, to major cryptocurrency exchanges Bitstamp, Coinbase, and Kraken. The transactions took place at 4:20 p.m. Central Indonesian Time. This follows a broader divestment trend by the German government, with over 3,000 BTC moved to centralized exchanges (CEX) in the past two weeks. As of June 22, 2024, Germany’s Bitcoin holdings were valued at $3.06 billion, with the Bitcoin price at $64,827 and a total quantity of 47.18K BTC. By July 2, 2024, these holdings had decreased to…

Ethereum witnessed a significant price drop, falling around 8.75% to approximately $3,170 within 24 hours following the introduction of spot Ethereum ETF funds in the US. This sharp decline erased gains accumulated over the past two weeks. The market reaction came after eight spot Ethereum ETF funds were launched on the New York Stock Exchange. Why is Ethereum Dropping? The downturn in Ethereum’s value, observed on the second trading day after the ETF launch, was primarily due to substantial withdrawals from Grayscale’s Ethereum Trust, which saw an outflow of $113.3 million. Contrary to this trend, seven out of the eight…

For those who were struggling to keep up with the names of various Cardano hard forks, Charles Hoskinson, the founder of the popular proof-of-stake blockchain, has come up with a new suggestion: Tasseled Wobblegong. “Now that the community is naming hard forks, I guess we are free to be as creative as possible,” Hoskinson said. It is a species of carpet shark that inhabits coral reefs. These sharks are particularly known as supreme ambush predators that just lie on the bottom and wait for prey to come by. The term “hard fork” refers to a radical to a certain blockchain…

OKX, one of the largest cryptocurrency exchanges globally, is set to list an altcoin in collaboration with BlackRock. The announcement was made on OKX’s official website, detailing the listing of Ondo (ONDO), which is associated with BlackRock, a Bitcoin (BTC) ETF issuer. Deposits for ONDO have already begun as of 10:00 AM local time, and trading for the ONDO/USDT pair commenced at 11:00 AM on the same day. Withdrawals will be available starting 1:00 PM on the following day. Discover the latest developments in the crypto world as OKX partners with BlackRock to list the innovative Ondo token. Stay updated…