Author: NBTC

While cryptocurrencies put in a flattish performance on Friday with bitcoin BTC$103,676.11 churning around $104,000, crypto-related stocks were having a moment to shine. Crypto mining and data center firms such as Cipher Mining (CIFR), Hive Digital (HIVE), Hut 8 (HUT) and TeraWulf (WULF) booked 10%-20% gains on optimism about artificial intelligence (AI) computing demand, jolted by CoreWeave (CRWV) signing a $4 billion deal with ChatGPT-developer OpenAI. These firms are often seen as proxies for AI-linked infrastructure bets due to their data center assets. For its part, CoreWeave soared more than 26%. The rally extended to Galaxy Digital (GLXY), which rose…

Cboe has filed to launch a U.S. spot exchange-traded fund (ETF) offering staking exposure to Tron’s native currency TRX, betting its decentralized design and $25 billion market can meet the U.S. Securities and Exchange Commission’s (SEC) evolving crypto standards. Canary’s New ETF Bid: Track TRX With Built-In Staking Rewards Cboe BZX Exchange has filed a proposal with the SEC to list shares of the Canary Staked TRX ETF, a fund designed to hold Tron’s TRX cryptocurrency while generating staking rewards. The filing argues the $25 billion TRX market’s structure and the market’s surveillance measures sufficiently guard against manipulation, mirroring recent…

Bitcoin, the first and largest cryptocurrency by market valuation, might be currently consolidating around $95,000, but according to crypto analyst Michael van de Poppe, it has already accomplished a crucial technical task that sets the stage for its next all-time high. Van de Poppe identified the $87,000 level as a crucial level that Bitcoin needed to overcome to regain its bullish momentum. This level near the daily SMA 50, which has capped the Bitcoin price since early February, has now been convincingly broken, with Bitcoin rising higher. Since breaking through that level, Bitcoin has also flipped back into the range…

“There’s a famous saying that sometimes the enemy of your enemy is actually your best friend,” Eric Trump told the crowd at Consensus in Toronto, Canada. “That was the Trumps with the crypto community. And I think the banks made the biggest mistake of their lives.” The son of U.S. President Donald Trump and co-founder of bitcoin BTC$103,702.54 mining company American Bitcoin is also an adviser to World Liberty Financial (WLF), which recently launched a U.S. dollar-backed stablecoin, USD1, that has already reached $2 billion in market capitalization. Co-founders of WLF joined Trump on stage on Friday as they announced…

Cryptocurrency analysis company Alphractal analyzed the reasons why on-chain activity remained lower than expected despite the Bitcoin price hovering above $95,000. According to the company’s report, despite the optimistic atmosphere in the market, transaction volume and the number of active addresses remain at historically low levels. According to Alphractal’s findings, there are seven main reasons behind this situation: Price is driven by external factors rather than on-chain usage: The current price of Bitcoin is driven by external factors such as institutional capital inflows into spot ETFs rather than actual on-chain usage. Low volatility: Low volatility reduces the motivation of traders…

The US Securities and Exchange Commission (SEC) delayed the approval of a Polkadot ETF by 21Shares. The delay led to another drop in the market price of DOT. The US SEC announced another delay on the launch of a Polkadot ETF by 21 Shares. This is the last delay since April 25, when the review of the ETF was once again extended. The proposed fund was filed at the end of March and is relatively early in the approval process. The decision arrived just as the SEC delayed another proposed Solana (SOL) ETF. Additional statements are expected on the proposed…

Investor and venture capitalist Preston Pysh says Bitcoin (BTC) is the key to solving a problem plaguing modern economies. In a new YouTube interview with Natalie Brunell, Pysh says the global financial system is fundamentally flawed because it allows governments to issue currency without a “global peg,” or a trusted asset that guarantees its value. Pysh argues that Bitcoin is the only asset capable of addressing the root cause of currency debasement and recurring market meltdowns. “The problem in the world was there was no global peg. There was no global peg that could be trusted. That was truly the…

Web3 developer Alchemy has announced the acquisition of NFT launchpad HeyMint, the startup behind the web3 initiatives employed by MasterCard, Ubisoft and many more. According to a press release sent to crypto.news, the blockchain infrastructure designer aims to accelerate the development of its smart wallets solution through its latest acquisition. By bringing the HeyMint and HeyMint Quest teams into the fold, the firm hopes to expand its developer support, simplify integrations and further expand on developing the project’s Smart Wallet solutions. Alchemy hopes to one day turn Smart Wallets into the default way for onboarding new users into the web3…

NXPC, the new token from Nexon’s blockchain gaming arm, is gaining massive traction—having surged over 100% following a wave of major exchange listing announcements and its market cap surpassing $500 million. NEXPACE (NXPC), the native token of the blockchain gaming project from South Korean gaming giant Nexon, is surging over 100%. Currently priced at $2.73, the token has jumped 115% since launch, reaching ATH of $3.84 within hours and pushing its market cap to over $550 million and a fully diluted valuation to $3.2 billion at its peak. However, the market cap and FDV have since retraced to $462 million…

Public Keys is a weekly roundup from Decrypt that tracks the key publicly traded crypto companies. This week: Choppy week for Coinbase  Coinbase flagged a $400 million cybersecurity breach this week—one of the biggest in the company’s history. The most troubling aspect is that the exploit arose because an overseas contractor was bribed to steal customer data. In a video posted online, CEO Brian Armstrong said that criminals were able to gain access to sensitive user data, including names, addresses, partial bank details, and ID documents. But less than 1% of customers were affected, he added. The criminals intended to…