Author: NBTC
Ethereum price failed to clear the $3,520 zone and started a fresh decline. ETH dived below the $3,250 support and even tested the $3,150 zone. Ethereum started a fresh decline below the $3,320 and $3,250 levels. The price is trading below $3,250 and the 100-hourly Simple Moving Average. There is a key bearish trend line forming with resistance near $3,325 on the hourly chart of ETH/USD (data feed via Kraken). The pair could correct losses, but upsides might be limited above the $3,320 zone. Ethereum Price Takes Hit Ethereum price failed to continue higher above the $3,450 and $3,420 resistance…
The trading firm appointed Julien Auchecorne as head of the new ventures division, who formerly held roles at Brevan Howard, XBTO International. The firm has already invested “close to $20 million” in several projects including Pyth and Berachain over the past quarters, CEO Ben Roth told CoinDesk. Crypto trading firm and market maker Auros said in an exclusive interview with CoinDesk that its newly established venture capital arm plans to invest more than $50 million of its own capital in early-stage digital asset ventures in the next two years. To lead the investment efforts, the company appointed Julien Auchecorne as…
In a recent tweet, Cardano founder Charles Hoskinson addressed concerns over scaling within the ADA community. Hoskinson highlighted that the Cardano treasury has sufficient funds to pursue an aggressive Leios, Hydra and Zero-Knowledge (ZK) scaling program if the community decides to pursue this direction. “For those discussing scaling, there is enough money in the treasury to pursue an aggressive Leios, Hydra, and ZK program if the community wants to go in this direction,” Hoskinson stated. For those discussing scaling, there is enough money in the treasury to pursue an aggressive Leios, Hydra, and ZK program if the community wants to…
Hyperlane, a cross-blockchain interoperability mechanism, has announced a new collaboration. As per the platform, it is partnering with BOB which is the earliest hybrid L2 platform that links BTC security and EVM liquidity while getting support from Coinbase Ventures and Castle Islands. The company revealed the respective development on its official X account. Hyperlane ⏩ @build_on_bobBOB is now connected to the Hyperlane network, enabling fast token bridging, interchain apps, and Permissionless Interop!Modular Expansion. pic.twitter.com/1vnqyZU2mr — Hyperlane ⏩ (@hyperlane) July 5, 2024 Hyperlane and BOB Join Forces in a New Collaboration The firm noted in its recent X post that it…
Market data shows Fidelity’s Wise Origin Bitcoin Fund (FBTC) registered the largest inflow on May 13, with the broader exchange-traded fund (ETF) market seeing $66 million in positive flow despite multiple products witnessing zero flows for the day. According to Farside Investors, Bitcoin (BTC) ETFs saw a combined net inflow of $66 million after consecutive days of net outflows, with Fidelity’s FBTC recording the largest inflow on May 13. FBTC logged an inflow of $38.6 million, one of the few ETFs not to record zero flows that day. Bitwise Bitcoin ETF (BITB) followed with an inflow of $20.3 million, while…
Ethereum, the leading altcoin, witnessed a 14.83% price decline in the past month. The spot ETH ETFs are expected to begin trading in the coming weeks. The overall crypto market witnessed a 3% dip in market cap in the last 24 hours, constituting two consecutive days of bearish trends. Leading cryptocurrencies have incurred price dips over the past week causing the initiation of a selling pressure in the market. The second largest cryptocurrency, Ethereum has shown declining movements in its market price in the past month. Notably, the token witnessed a 3% price decline in the last 24 hours. However,…
By 2025, crypto exchange-traded funds (ETFs) are projected to comprise 5% of hedge fund and pension fund portfolios, according to Fiorenzo Manganiello, a prominent blockchain expert. Manganiello, the co-founder and managing partner of LIAN Group, made this prediction following reports that BlackRock’s spot bitcoin ETF has accumulated $16.7 billion in assets since its launch in January 2024. Additionally, the Ether ETF is expected to receive final approval from the U.S. Securities and Exchange Commission (SEC) this summer. Manganiello believes that regulatory approvals will encourage institutional investors to enter the crypto market. Traditionally dominated by retail investors, the market is now…
Garanti BBVA Kripto has made a strategic move in the cryptocurrency market by integrating Avalanche C-Chain and AVAX Coin. This integration allows users to securely store AVAX assets within the bank’s application. The timing is significant, as it aligns with the cryptocurrency bill currently being discussed in parliament, highlighting the bank’s forward-thinking approach. Contents hide 1 Why Did Garanti BBVA Support AVAX? 2 How Will Investors Benefit from Diversified Assets? 3 User-Usable Insights Why Did Garanti BBVA Support AVAX? From an investor’s perspective, Garanti BBVA’s support for Avalanche C-Chain and AVAX Coin marks a pivotal moment. The bank is demonstrating…
Amitt Mahajan—founder and CEO of Proof of Play, the developer of crypto game Pirate Nation—predicts that eventually there will be thousands of dedicated blockchains that each support individual applications. This comes after his experience building the viral Facebook game Farmville. During his time developing the casual farming simulator, Zynga operated approximately 64 databases simply to prevent the game from crashing. To Mahajan, the blockchain is just an advanced database. “At peak, [Farmville] was at about 30 million daily active users. So in order to scale a game to that, we had like 64 databases,” Mahajan told Decrypt’s GG. “In this…
Although the high inflation that the FED has been struggling with for a long time has receded slightly, it is still above the FED’s 2% inflation target. At this point, while the possibility of the FED reducing interest rates is decreasing day by day, and the uncertainties regarding the FED’s next term interest policy continue to make pricing difficult, all eyes in the markets are today on FED Chairman Jerome Powell’s statements and PPI data. While the signals to be received from the inflation data that will be announced in the US economy starting today are expected to increase volatility…