Author: NBTC

B Riley raised Core Scientific to buy from neutral, and lifted its price target to $13 from $0.50. Core is a future leader in high-performance computing hosting, the report said. The bitcoin miner has started on the path to achieving economies of scope with its CoreWeave deal, the broker said. Core Scientific (CORZ) is a future leader in hosting high-performance computing (HPC) due to the lucrative deals it has inked with CoreWeave and management’s solid experience in operating enterprise data centers, broker B Riley said in a research report on Tuesday. The broker upgraded the Dover, Delaware-based company to buy…

According to data, liquid staking protocols accumulated an additional 290,000 ether in the past 46 days. This increase raised the proportion of ETH in liquid staking protocols by 0.24%, bringing the total to 11.18% of Ethereum’s 120.2 million circulating supply. Shift in Liquid Staking: Swell Drops, Frax Ether Moves Up At the time of writing, 13.44 million ether is locked into liquid staking protocols, with Lido holding 72.3% of that amount. On May 29, Lido had 9.51 million ETH, which has increased to 9.71 million today. This indicates that over the past 46 days, Lido absorbed 200,000 of the 290,000…

Meme stock king GameStop (NYSE: GME) hit its highest price in over a month Monday, continuing its latest uptick despite its pumper-in-chief and top trader Roaring Kitty keeping a low profile of late. New York Stock Exchange data shows the original meme stock traded above $27.00 earlier Monday, but even at its current price of $26.48, it remains up 5% over the past month and about 2% on the day. The stock has continued to shoot up as investors continue to show interest in meme stocks following the May reappearance of the trader who started the original meme stock bull…

Shiba Inu (SHIB) has intrigued the broader market today after surpassing Cardano (ADA) in market capitalization amid a 12.7% surge in the past 24 hours to $0.00002799. While this might seem like a major feat considering the earlier plan was just to displace Avalanche, SHIB metrics have proven it has more stunts to pull. At the time of writing, the SHIB trading volume has jumped by more than 139% to $2,384,774,823 overnight. At this volume, a total of 8.3 trillion SHIB had been traded in the past 24 hours, setting the meme coin up for more growth ahead. Shiba Inu…

Bitkey and MoonPay are teaming up to simplify Bitcoin purchases using traditional web2 channels. Block, Jack Dorsey’s fintech startup, and payment provider MoonPay have teamed up to enable easier Bitcoin (BTC) purchases via traditional methods such as bank cards, Google Pay, PayPal, and more. On Tuesday, both entities announced that Block’s BTC hardware wallet Bitkey will onboard MoonPay infrastructure to unlock this feature for financial participants. MoonPay’s existing KYC-registered user base with stored payment methods will facilitate smoother fiat-to-crypto onramps. Later this year, Bitkey plans to launch “MoonPay sell,” enabling crypto-to-fiat conversions. “These partnerships are not just about expanding Bitkey’s…

Ethereum price started a major increase above the $3,250 resistance zone. ETH even surpassed $3,300 and aims for more upsides in the near term. Ethereum is gaining pace above the $3,250 level. The price is trading above $3,250 and the 100-hourly Simple Moving Average. There is a connecting bullish trend line forming with support at $3,270 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue to rise above the $3,320 and $3,350 resistance levels. Ethereum Price Regains Strength Ethereum price started a steady increase above the $3,150 resistance zone. ETH even climbed above the $3,250…

The BRICS boys recently invited six new countries to join them in 2024. Out of these six, four countries—UAE, Egypt, Iran, and Ethiopia—have accepted the invitation. Argentina said no, and Saudi Arabia is still deciding. China and Russia are pushing for this expansion to make BRICS stronger financially and to take on the US and its Western allies. But not everyone in BRICS is on board with this plan. India, South Africa, and Brazil are not too happy about the fast expansion. They want to slow things down and let the new members settle in first. They worry that if…

Binance co-founder He Yi addressed front-running accusations and clarified the exchange’s investment and listing standards in a recent interview. Front-running is a method in financial markets where an agent, trader, or other market participant takes action for his own benefit by taking advantage of non-public information or pending orders. He Yi explained that certain tokens will not be listed on Binance if they are widely hyped and expected to be listed on an exchange. “Some projects spread rumors that they will be listed even before we contact them, and some people use these rumors to apply pressure,” he said, adding…

Key Points: DigitalX Ltd. is launching a Bitcoin ETF on Australia’s main stock market, becoming the second asset manager approved by ASX Ltd. This ETF is established in collaboration with K2 Asset Management and 3iQ, providing a secure investment vehicle for accessing Bitcoin. CEO Lisa Wade highlights the ETF’s potential to attract new market entrants and allow institutions to include Bitcoin in strategic allocations. DigitalX Ltd. is preparing to list a Bitcoin exchange-traded fund (DigitalX Bitcoin ETF) on the main stock market in Australia, becoming the second asset manager to gain approval for such a product from ASX Ltd. According…

The price of Ethereum has rallied 5% to over $3,300 ahead of the key spot Ethereum exchange-traded fund (ETF) decision, according to data from TradingView. The US Securities and Exchange Commission (SEC) is expected to greenlight the launch of several spot Ethereum ETFs by the end of this month. While the specific date remains speculative, ETF experts estimate that approval will come the week of July 15. Nate Geraci, the president of the ETF Store, reiterated his prediction that the SEC will approve the S-1 filings this week after weeks of delays following initial listing acceptance in May. He believes…