Author: NBTC
UMA crypto token went vertical on Friday, reaching its highest point since March, even as other cryptocurrencies retreated. UMA (UMA) surged to a high of $1.440, gaining over 40% from its weekly low. The rally pushed its market capitalization above $112 million. The token jumped after Polymarket, a popular prediction market platform, announced a partnership with Elon Musk’s X. Polymarket will serve as the official prediction market partner for the social media giant. The partnership is significant for UMA because it serves as the oracle provider for Polymarket. UMA’s optimistic oracle offers a decentralized and trustless mechanism for resolving market…
Are you wondering what’s driving the cryptocurrency market right now? A recent crypto survey of Korean crypto investors provides some fascinating insights, suggesting a notable shift in sentiment, particularly concerning FTX payouts and future Bitcoin price prediction. What’s the Latest on Crypto Market Sentiment Among Koreans? According to a survey conducted by Bitcoin World and Cratos between May 20 and 23, involving 2,000 individuals, the overall mood among Korean crypto investors appears to be cooling slightly from previous bullishness. Here’s a quick look at the breakdown of overall sentiment: Optimistic or Extremely Optimistic: 27.5% Neutral: 43.2% Fear or Extreme Fear:…
VeChain’s ecosystem, including tools like Cleanify and Carbonlarity, aims to improve traceability, calculate carbon emissions, and verify product authenticity. While no official collaboration has been announced, VeChain envisions Amazon adopting blockchain discreetly, starting with small pilots. It seems that VeChain is hoping to revolutionize the Amazon supply chain by adding proof through blockchain technology to their business logistics. According to Sebastian, who is a VeChain ambassador, the system does not reveal the truth about emissions, product origin, or following circular economy rules, so VeChain is stepping in to fill this void. How VeChain Can Help Amazon Via Blockchain Technology Every…
Analyst SuperBro notes that a Bitcoin close above the key level would confirm his inverted ascending scallop pattern, potentially leading to higher prices. Bitcoin’s price has experienced a clear upward trend over the past week, seeing a significant jump from below $104,000 to over $110,000. As of today, Bitcoin is trading at $109,318, showing a 3.5% increase in the last 24 hours and a slight 0.1% rise over the past 7 days. Following this surge, an analyst on X suggests Bitcoin might be poised for a broader surge, even reaching new highs based on an inverted ascending scallop. Technical Patterns…
SharpLink Gaming has announced plans for a Shelf Offering that could raise up to $1 billion, in a filing with the U.S. Securities and Exchange Commission (SEC). The company plans to use a significant portion of this massive funding push to purchase Ethereum (ETH). A Shelf Offering is a financing method that allows a company to gradually offer its securities, which it has registered with the SEC, to the market in order to raise capital, rather than all at once. This method allows companies to raise funds flexibly over time. The total number of shares that SharpLink Gaming could issue…
Today, H100 Group AB announced it has entered a SEK 21 million convertible loan from an investment agreement with Adam Back, with the option to expand his investment to SEK 277 million through a five-tranche convertible loan deal. The proceeds will be used to buy Bitcoin in alignment with H100 Group’s long-term Bitcoin treasury strategy. H100 Group AB (Ticker: H100) secures a SEK 21M ($2.1M) commitment from @adam3us , with rights to invest an additional SEK 128M ($12.8M) in tranches—bringing the total contemplated raise to SEK 277M (~$27.7M). pic.twitter.com/c0HgMSRxut — H100 (@H100Group) June 3, 2025 Under the agreement, Back may…
Two Ethereum whales acquired $7.5M in AAVE using borrowed USDC and GHO tokens. Coordinated AAVE-USDC swaps hint at OTC-style asset rebalancing on Ethereum. Gnosis Safe Proxy handled over $10M in AAVE and GHO via CoW Protocol and Aave. Two high-value Ethereum wallets executed a series of synchronized transfers exceeding $10 million in AAVE and GHO tokens, with blockchain data pointing to leveraged borrowing, liquidity rotation, and DeFi-based asset rebalancing. The transfers, which occurred over an 11-hour span, involved both stablecoin borrowing and token minting, with activity routed through leading decentralized finance protocols including Aave and CoW Protocol. 2 whales bought…
After a lengthy public discussion about its possible effects, Bitcoin Core has merged the code that lifts the guardrails to filter nonfinancial data transactions by default. The changes that will be implemented in the upcoming version of the Core client have sparked a heated debate about the project’s future. Bitcoin Core Finally Merges Data Carrier Changes, Sets Limits as Deprecated Bitcoin Core, the leading implementation of full node software for Bitcoin, has made a final decision regarding the ongoing debate on lifting the existing filters to allow users to include nonfinancial transactions in the blockchain. The changes merged and implemented…
BlackRock and Fidelity Ethereum ETF investors are now more than 21 percent down as ETH treads far below their entry prices. Since May 16, ETFs have recorded nine consecutive days of inflows of $435.6 million despite losses. Although Ethereum has not consolidated above $3,000 just yet, institutional demand is as high as it is. Ethereum ($ETH) is struggling below $2,650 while most ETF holders are still deep in the red. Glassnode recorded that the average cost bases of BlackRock and Fidelity’s Ether ETFs are $3,300 and $3,500, respectively. ETH is currently trading at $2,621, taking the total amount of unrealized…
USDC stablecoin founding company, Circle, plans to raise nearly $900 million through an expanded initial public offering (IPO) that could raise the company’s value to $7.2 billion. The public listing has attracted powerful institutions like BlackRock and Ark Invest, which are interested in buying large amounts of Circle’s stock, suggesting Wall Street is warming up to stablecoins like never before. Some people, however, are concerned about Circle’s true intentions because it’s unclear whether the company’s IPO means stablecoins are finally joining mainstream finance or if it’s just another way for crypto companies to create a massive payday for its founders,…