Author: NBTC
The cryptocurrency market is abuzz as Spot Ethereum ETFs reach a significant milestone. Ethereum ETFs have attained a trading volume of $937 million, trailing closely behind Bitcoin ETFs at $1.1 billion. A noteworthy detail is the influx of approximately 45,000 BTC into the Kraken exchange, impacting market dynamics. Dive into the latest milestone in the cryptocurrency market with Ethereum and Bitcoin ETFs making headlines. Stay informed about the pivotal developments shaping the crypto landscape. Impact of MtGox Repayments Bitstamp exchange has recently announced that creditors of the now-defunct MtGox will begin receiving repayments starting July 25. This development is significant…
RNDR revolutionizes digital content creation with decentralized GPU rendering, boosting metaverse projects. ICP offers a decentralized blockchain computing platform, enhancing web services’ security and scalability. ASI integrates AI with blockchain, supporting AI-driven platforms and incentivizing network participation. Artificial Intelligence (AI) continues to reshape our world, and its influence extends into the cryptocurrency space. AI coins have garnered significant attention for their potential to revolutionize industries and provide impressive returns. Among these, RNDR, ICP, and ASI stand out as top contenders for exponential growth. Here’s why they’re worth considering. RNDR: Revolutionizing Digital Content Creation with Decentralized GPU Render Token is transforming…
Ron Paul, former U.S. congressman and well-known advocate for liberty, shared his thoughts on bitcoin and monetary policy during an interview with Bitcoin Magazine editor Pete Rizzo. Paul emphasized the importance of liberty and sound money principles while expressing cautious optimism about bitcoin’s future. Freedom Advocate Ron Paul Pushes for Sound Money Principles Freedom advocate Ron Paul explained that his interest in monetary policy began in the 1970s when the U.S. severed the dollar’s link to gold, which he believed would lead to significant inflation. His passion for sound money principles led him to propose bills promoting competing currencies and…
Crypto whales significantly impact market trends by offloading substantial amounts of Bitcoin (BTC) and Ethereum (ETH). Recent data indicate a continued pattern of these extensive sales, totaling over $148 million in crypto, moved to various exchanges for probable liquidation. Since last week, Bitcoin has been trying to recover after dipping to $58,500. Attempts to rally were evident; Bitcoin nearly reached $64,000 on Monday. However, increased selling pressure forced prices below $63,000. Bitcoin ETFs Recorded $129 Million in Inflows While Crypto Whales Sell On Monday, a prominent crypto whale linked to the wallet address 3G98j transferred 1,800 BTC valued at $114…
With the recent shift in market sentiment, options traders now expect more significant price movements for Bitcoin compared to Ethereum. This change reflects a potential preference for BTC over ETH in the short term. The highly anticipated trading of Ethereum spot ETFs began on Tuesday. However, the expected market volatility did not materialize. Analysts from QCP Capital noted that Bitcoin options now have higher implied volatility than ETH options. This observation suggests that investors expect further price movement for BTC in the short term. “Ethereum volatility has sold out across term structures and ETH’s BTC vols premium on the front…
Prominent crypto wallet tracking platform Whale Alert has detected two hefty cryptocurrency transactions, which carried a tremendous amount of Dogecoin each — an equivalent of over $50 million in DOGE. Both transfers were conducted with a difference of just one hour between them and both were made from the popular investment platform Robinhood. Details revealed by this data source show that whales have become active as of late, scooping up mammoth amounts of DOGE this week. 800 million DOGE moved in single hour Earlier today, Whale Alert shared the details of two crypto transactions that carried 400,000,000 DOGE. They followed…
(Full disclosure: I’m helping build Coinbits.app, a bitcoin banking platform.) Bitcoin Bitcoin policy will play an important role in the coming years. We live at an unusual time when bitcoin is still new enough that few of those in government understand it, but it is already well established industry and critical to the continued competitiveness of the United States. Technology experts and other stakeholders can and should help ensure government policies and regulations accelerate the industry rather than undermine it. Former President Trump seems to understand this, as shown in his call for a bitcoin advisory group within the Executive…
The Bitcoin community has been busy speculating about billionaire Michael Dell potentially buying the biggest cryptocurrency. This comes after the founder of one of the biggest tech companies indicated that he prefers actions over words on his social media profile. Danny Scott, the CEO and co-founder of UK-based cryptocurrency exchange CoinCorner, recently tweeted that “everything” is pointing to a Bitcoin buy. Everything pointing to a #Bitcoin buy here 👀 — Danny Scott ⚡ (@CoinCornerDanny) July 1, 2024 Dell has been teasing the Bitcoin community with rather ambiguous social media posts for quite a while. It all started with him posting…
Ahead of impending film and music releases, Ethereum NFT-based project Doodles announced the launch of DoodlesTV Super Pass on Tuesday, with the pass now available for minting on Coinbase’s Base—an Ethereum layer-2 scaling network. The launch comes after Doodles’ recent migration of its Stoodio character customization platform from Flow to Base. It is open for minting today for .0021 ETH, or about $7 at present. DoodlesTV is a platform designed to offer exclusive content, premieres, and viewing events for holders. Season owners of the DoodlesTV Super Pass will have early access to content, including three music videos before they are…
US spot Ethereum exchange-traded funds (ETFs) have seen a decline in net inflows after a strong start with almost $107 million. According to data from Farside Investors, investors withdrew around $133 million from these products on the second day of trading. Fidelity’s Ethereum Fund (FETH) outpaced BlackRock’s iShares Ethereum Trust (ETHA) to become the day’s leader with $74.5 million in net inflows. Meanwhile, BlackRock’s fund took in nearly $17.5 million on Wednesday. Source: Farside Investors On the first day of trading, ETHA led the pack with over $266 million. ETHA’s flows and additional inflows from seven other Ethereum ETFs managed…