Author: NBTC
Crypto analyst Linda has made a bullish case for Ethereum (ETH), predicting that the second-largest crypto token by market cap could rise to $4,000. The analyst also explained what could lead to such a price surge. Why Ethereum Could Reach $4,000 In a post shared on TradingView, Linda highlighted the potential approval of the Spot Ethereum ETFs as one factor that could trigger a move to $4,000 for Ethereum. She noted that the sentiment around these funds is positive, with traders waiting for news from the US Securities and Exchange Commission (SEC). These Spot Ethereum ETFs are expected to be…
Backed, a real-world asset (RWA) tokenization platform, has introduced five new tokenized equities to expand investment opportunities for eligible non-US investors, as per the latest updates disclosed to Finbold on July 16. The five new offerings include bMSFT (Microsoft), bGME (GameStop), bMSTR (MicroStrategy), bTSLA (Tesla), and bGOOGL (Alphabet Class A, Google), each backed one-to-one by shares of these major companies. More investment venues for non-US investors The new tokenized equities enable investors to gain exposure to S&P 500 companies while ensuring their assets remain on-chain and self-custodied. This launch follows Backed’s earlier products like bCSPX (Core S&P 500), bCOIN (Coinbase…
In Partnership with the LINKS Foundation TL;DR:The IOTA Foundation is working with its long-term partner LINKS Foundation to bring privacy-preserving selective disclosure credentials to IOTA Identity. This solution allows users to selectively share parts of credentials at their full discretion. In October 2023 the Cybersecurity Research Group at the non-profit research center LINKS Foundation announced their ZKryptium library for zero-knowledge selective disclosure credentials and their intention to integrate them into IOTA Identity. Since then we’ve worked together on making these techniques available for users of IOTA Identity, the digital identity framework based on IOTA Technology. The LINKS Foundation has also…
Samson Mow, former CSO at Adam Back’s Blockstream and now the chief executive at a Bitcoin-focused company Jan3, has made a bullish statement on Bitcoin and what is happening to all the BTC that is being sold by large market players at the moment. Samson Mow’s Bitcoin statement Samson Mow has tweeted that despite the huge sales that continue to be made by large entities, such as the German government, or massive Bitcoin transactions made by the defunct crypto exchange Mt Gox recently. Mow believes that the demand for Bitcoin remains strong and the market is absorbing all the Bitcoin…
ETH exchange traded-funds issuers were told by the SEC that funds can start trading July 23, according to sources. The SEC had no further comments on the recently submitted S-1s and the final versions needs to be submitted by Wednesday. ETH outperformed BTC on Monday, on the news of potential ETF trading approval. Prospective issuers of a spot ether (ETH) exchange-traded fund (ETF) were told by the Securities and Exchanges Commission (SEC) on Monday that the funds can begin trading next Tuesday, two sources familiar with the matter told CoinDesk. SEC officials told one issuer that the regulator had no…
One of the main crypto narratives this year has been the approval and trading of U.S. spot Exchange Traded Funds (ETFs). They have been a resounding success. Not only have the bitcoin ETFs attracted $16 billion of inflows in half a year, the price of bitcoin (and therefore the prices of these ETFs) has increased by 46%. The ETFs’ success is so obvious that BlackRock’s CEO Larry Fink came out and said he likes bitcoin now (and not just because it can make his firm money!). In a recent interview with CNBC, Fink said, “My opinion five years ago was…
Super Trump (STRUMP) meme coin has rocketed more than 240% in the past 24 hours to stand out among top meme tokens. STRUMP was trending alongside Notcoin and cat in a dogs world (MEW) as its price reached highs of $0.02298. The parabolic gains come amid recent news about Trump’s wallet and the former US president’s increasingly crypto-friendly campaign. Super Trump, which is now 330% up in the past two weeks, currently trades at $0.01845. According to data from CoinMarketCap, the meme token’s market cap has jumped more than 266% in the past 24 hours to $34 million. Super Trump…
Ethereum (ETH) has experienced notable transfers between wallets and exchanges, reflecting dynamic market activity. According to blockchain tracker Whale Alert, approximately 11,999 ETH, valued at $40,178,586, was transferred from an unknown wallet to Kraken. 🚨 🚨 11,999 #ETH (40,178,586 USD) transferred from unknown wallet to #Krakenhttps://t.co/zRDhaCh0cZ — Whale Alert (@whale_alert) July 15, 2024 Concurrently, 9,438 ETH worth $31,571,639 moved from another undisclosed wallet to Binance. Additionally, 11,913 ETH amounting to $39,880,410 was transferred from Gemini to Coinbase, underscoring substantial transactions within the ETH ecosystem. ETH has exhibited a robust trading session with distinct support and resistance levels shaping its price…
One in four Americans views crypto as a key component of their ideal investment portfolio, according to a new study by Clarify Capital titled “Redefining the American Dream.” This preference for digital assets highlights evolving perceptions of financial success and investment strategies in the US. The study reveals that while traditional assets like real estate (70%) and stocks (69%) remain popular choices overall, crypto has emerged as a significant desired asset class, particularly among younger generations. Image: Clarify Capital The research also sheds light on broader economic sentiments. Three-quarters of Americans still aspire to the traditional American Dream, but nearly…
MAGA (TRUMP), the popular meme token named after US presidential candidate Donald Trump, is on the rise again today. While the price reached the new ATH with the increase it experienced, a patient investor made 28 times profit and earned 15 million dollars. According to Spot on Chain’s data, this investor bought 1.079 million TRUMP by spending 541 thousand USDC after Donald Trump announced that he would run for the US Presidency again last November. Since then, investors holding TRUMP’s profits have exceeded $15 million. It was noteworthy that this investor still did not sell even though he made a…