Author: NBTC

Bitcoin fell 6% to $54,600 on weekend trading despite clawing back losses from the end of last week. The world’s largest crypto by market capitalization fell to a low of $54,000 on Friday, CoinGecko data shows. The asset is currently trading at $55,200. Several headwinds for Bitcoin persist, including crypto market uncertainty, potential selling pressure from the German government, and 127,000 creditors awaiting crypto funds from the Mt. Gox bankruptcy estate. A brief price rally attempted to regain a footing above $58,000 by Sunday before conceding gains to trade at its lowest point since late February. Germany holds 39,826 BTC…

Several spot Ethereum (ETH) ETF applicants submitted S-1 amendments detailing sponsor fees and waiver details to the SEC on July 17 as they prepare for a potential trading launch next week. Almost all of the issuers have detailed fees and sponsor fee waiver terms in the latest filings. BlackRock set a 0.25% sponsor fee and said it would only charge a 0.12% fee for the first 12 months or up to the initial $2.5 billion. Meanwhile, Fidelity set the same 0.25% fee and said it would waive the entire sponsor’s fee until Dec. 31 without any other conditions. 21Shares and…

Deutsche Bank is preparing to take a significant step towards the adoption of blockchain technology with the launch of a stablecoin pegged to the euro. This development represents an important strategic move for one of the most influential banks in Europe and the world. Deutsche Bank and the euro stablecoin Tether appoints Philip Gradwell as head of economics Implications for the financial sector Deutsche Bank and the euro stablecoin Deutsche Bank, one of the leading investment banks and financial services globally, has announced its intention to launch a euro-denominated stablecoin. Stablecoins are cryptocurrencies designed to maintain a stable value, typically…

As the Uniswap community prepares to vote on a proposal that would introduce a new fee distribution plan, the Uniswap Foundation has shared its balance sheet, revealing $41.41 million in fiat and stablecoins, as well as 730,000 UNI tokens. The upcoming vote, which is expected to pass based on prior snapshot polls, would transfer control of the mainnet UniswapV3Factory to a new V3FactoryOwner contract. This change is a prerequisite for activating the new fee distribution plan, which will be the subject of a second vote that has not yet been scheduled. The proposed fee distribution plan is a critical development…

Bitcoin price failed to start a recovery wave above the $58,500 resistance zone. BTC started another decline and might extend losses below $54,000. Bitcoin started a fresh decline and traded below the $56,500 zone. The price is trading below $56,500 and the 100 hourly Simple moving average. There is a connecting bearish trend line forming with resistance at $56,350 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might struggle to start a fresh increase above the $58,000 resistance zone. Bitcoin Price Turns Red Bitcoin price started a recovery wave above the $57,000 level. BTC…

OKX Ventures, the prominent crypto exchange OKX’s investment branch, has recently announced an exclusive investment. As per the platform, its new investment has gone to zkLink Labs which is a well-known forum dealing with the development of solutions concerning zero-knowledge infrastructure. The platform took to its official account on X to announce this investment. We are pleased to announce the strategic partnership with @zkLink_Official Aggregating & Unifying blockchains and #rollups via #ZKPhttps://t.co/20VRarU3Kn pic.twitter.com/jRtAMEUJHc — OKX Ventures (@OKX_Ventures) July 18, 2024 OKX Ventures Target Combining Liquidity and Aggregated Rollups with New Investment in zkLink Apart from the social media announcement, OKX…

Data provided by cryptocurrency analysis company Lookonchain shows that a cryptocurrency whale has recently accumulated in an altcoin. When Onchain data is examined, it is seen that a giant cryptocurrency whale has withdrawn $ 7.95 million of Ethereum and $ 2.06 million of PEPE from Kraken, the second largest cryptocurrency exchange in the USA. When the other transactions of the whale in question are examined, it is seen that he has purchased a total of $ 18 million worth of Ethereum in the last two days and collected these ETHs at an average price of $ 3,828. At the time…

Top Dogecoin developer Mishaboar has sounded the alarm to users on the Bitpanda platform as concerns misalignment between some of the exchange’s leveraged pairs. According to Mishaboar, there is a likelihood that some people have lost money without realizing it. Bitpanda’s leveraged pairs under scrutiny The DOGE developer’s comment in an X post was in reaction to another user, Still_Salty_624 (@StillSalty624), about the leverage cause offered by Bitpanda. Mishaboar noted that some leveraged pairs, including DOGE pairs, may be underperforming due to the issues with Bitpanda. If you are playing with leverage on @Bitpanda, there is an ongoing issue with…

Key Points: $9 billion in Bitcoin returns from Mt. Gox’s compensation currently weighs on market sentiment. Bitcoin and other cryptocurrencies drop 4% amid German sales and post-election caution. Despite repayments, Mt. Gox retains $7.5 billion in Bitcoin, raising market stability concerns. Bitcoin is experiencing renewed pressure amidst concerns over the ongoing Mt. Gox’s compensation, the defunct cryptocurrency exchange. Reports indicate that approximately $9 billion worth of Bitcoin is being returned to creditors, further complicating market sentiment. Mt. Gox’s Compensation Impacts Bitcoin Market The Mt. Gox exchange, which filed for bankruptcy in 2014 after losing 850,000 Bitcoins to theft, has recovered…

Ethereum experienced a bounce from the critical support area. However, according to analyst Josh of Crypto World, additional signals are needed to confirm the bullish trend reversal, which we have observed over the past few days. Despite the bullish momentum, short-term pullbacks are possible, especially around resistance levels. The technical price target for this pattern is approximately $3,900, marking a potential 14% upside if the pattern completes. This bullish reversal remains valid unless Ethereum breaks back below the breakout point, which has not occurred, keeping the bullish trend active. Short-Term Resistance and Support Ethereum faces resistance between $3,480 and $3,520.…