Author: NBTC
Solana Monkey Business led the NFT market with a daily sales figure of US$971,164 on Thursday, according to CryptoSlam data. Solana rose to the top of the NFT market after recording the third-highest sales volume on Wednesday, snapping a two-day streak of Gods Unchained leading. Solana Monkey Business now has US$208.9 million in all-time sales volume, which is about US$2.5 million away from the sector’s 30th spot, currently occupied by SATS, a BRC-20 NFT. The Solana blockchain, home to the day’s top-ranking Solana Monkey Business collection, witnessed a 4% increase in its daily sales, reaching US$3.23 million. Ethereum led all…
Grayscale’s Ethereum Trust fee could spark outflows, canceling out potential inflows across Ethereum ETFs. Ethereum Foundation-related wallet has been dumping ETH on exchanges. Ethereum could see a new all-time high if it moves above a key resistance. Ethereum (ETH) is down 0.4.% on Thursday following speculations surrounding the potential negative impact of Grayscale’s Ethereum Trust fees and ETH dump from the Ethereum Foundation. Daily digest market movers: Grayscale’s fee, Ethereum Foundation dump The Grayscale Ethereum Trust 2.5% fee has left many ETHE holders fuming as the asset manager maintained the high fee structure it applied to Bitcoin ETFs. Several analysts…
This week, Fed officials delivered crucial comments with significant ramifications for the crypto market. In a statement on Wednesday, Federal Reserve Governor Christopher Waller, in a program at the Kansas City Fed suggested that interest rate cuts might be on the way, as long as there are no major surprises in inflation and employment. While Waller thinks rate cuts might be near, he highlighted that he will closely monitor the data in the meantime. Waller’s sentiments suggest the unlikelihood of a rate cut when the Federal Open Market Committee meets later this month, but a higher likelihood of one in…
SBI VC Trade, a cryptocurrency exchange arm of Japanese financial giant SBI Holdings, has announced a lending campaign for the Shiba Inu (SHIB) meme cryptocurrency. The annual interest rate for lending the second-biggest meme coin amounts to 1.5%. The application deadline has been set for Aug. 1. The lending period will last until Aug. 29. The interest rate offered for the SHIB meme coin is significantly higher compared to such cryptocurrencies as Chainlink (LINK) and Litecoin (LTC). The annual rate for these cryptocurrencies amounts to 0.5%. At the same time, SBI VC Trade offers a minuscule 0.1% rate for those…
Lagos — Jambo, the Web3 mobile infrastructure provider, has announced its expansion to the Solana blockchain in partnership with Tether. This move aims to deliver blockchain-enabled financial and educational technologies to emerging markets.—At the heart of this initiative is the JamboPhone, a $99 Web3 smartphone designed to onboard users to the blockchain in a mobile-first manner. Leveraging Solana’s high throughput capabilities and Tether’s stablecoin, USDT, JamboPhone democratizes access to Web3 financial and educational products for users in Southeast Asia, Africa, and Latin America. The JamboPhone is already available in over 120 countries and can be purchased with Solana Pay at…
Bitcoin’s price has experienced a significant retracement, dropping from a high of $72,000 to current levels below $58k, marking over 20% decline over the last 30 days. This downward movement has prompted analysis from various quarters, including insights from CryptoSoulz, a prominent crypto analyst on the social media platform X. The recent price action of Bitcoin can be dissected through a combination of technical and fundamental analyses, each providing unique insights into the forces driving these market movements. Technical analysis points to significant support and resistance levels that Bitcoin has tested in recent weeks. The drop to current levels indicates…
DC and Candy Digital are set to release “Catwoman: The Legacy Cowl” at San Diego Comic-Con (SDCC) 2024, continuing the blockchain-based Batman: The Legacy Cowl series. The physical-digital comic, launching July 25th, pits Catwoman against a new DC Super-Villain created with fan input. Written by Cavan Scott with cover art by Jonboy Meyers and interior art by Fico Ossio, the comic will be available for free at SDCC and digitally on the Candy Digital platform with exclusive variant covers. “We have 600 per day print books to give out, and anyone at San Diego Comic-Con can redeem a digital twin…
Ethereum price started a downside correction from the $3,500 resistance zone. ETH declined below $3,440 and might struggle to stay above $3,380. Ethereum is correcting gains from the $3,500 zone. The price is trading above $3,400 and the 100-hourly Simple Moving Average. There was a break below a connecting bullish trend line with support at $3,420 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue to decline further if there is a close below the $3,350 support. Ethereum Price Retreats From $3,500 Ethereum price started a downside correction from the $3,500 resistance zone. ETH declined…
Chinese technology behemoth Tencent has completed a $15 million Series A funding round for Chainbase, an omnichain data network for web3. According to a press release shared with crypto.news, the funding round saw participation from notable investment entities, including Tencent Investment Group, Matrix Partners, and Hash Global. Chainbase is the world’s largest omnichain data network. The project aims to create a comprehensive on-chain data infrastructure for the web3 space. This makes it easier for developers to access and use blockchain data in an open and fair way, helping to power various applications in the web3 space, including things like digital…
It’s mathematically possible that crypto voters could determine the fate of the United States elections this November—at least, according to BitMEX co-founder Arthur Hayes, who also said he doubts Donald Trump’s sincerity when it comes to crypto promises. In a new blog post late Thursday, the outspoken Bitcoin billionaire Hayes used 2020 election figures to determine that the margins of victory in the Presidential, House, and Senate races are thin enough for crypto voters, as a bloc, to alter the outcome. “If every Republican crypto holder in a select few states crossed party lines, 115 electoral college votes could be…