Author: NBTC

Cryptocurrency exchanges are left with only nine months’ worth of Bitcoin supply at current prices with only three days left to Bitcoin halving. According to the latest analysis by Bybit, with just 2 million bitcoins remaining and a daily inflow of $500 million to Bitcoin Spot ETFs, approximately 7,142 bitcoins will exit exchange reserves daily. The much-anticipated halving event, which reduces the supply of Bitcoins by 50%, is expected to make Bitcoin more scarce. Bybit highlighted the rapid rapid depletion of Bitcoin reserves across centralized exchanges post-halving. This trend indicates that it will take about nine months to exhaust all…

The newest product from liquid restaking startup Ether.fi could finally help “paper rich” crypto degens turn their blockchain investments into spending money. Ether.fi Cash will be a mobile wallet and Visa credit card that borrows USDC, the popular USD-pegged stablecoin, against one’s decentralized finance (DeFi) investments and can be paid off directly via crypto. “Our mission is to build a suite of integrated apps that make DeFi actually usable for normal people,” said Ether.fi founder Mike Silagadze. “Cash is your spending account, with the dream being that you never have to off-ramp” from the blockchain. “Off-ramping” refers to the tedious…

As the cryptocurrency community anticipates the upcoming decision on Ethereum (ETH) exchange-traded funds (ETFs), legendary trader John Bollinger’s latest take on the ETH market has garnered significant attention. John Bollinger, a technical analyst, is renowned for creating the Bollinger Bands — a popular technical analysis tool. In a tweet, Bollinger stated that he has made multiple inquiries concerning Grayscale Ethereum Trust (ticker ETHE). In recent days, the Grayscale Ethereum Trust has been a prominent indicator, fueling anticipation about Ethereum ETF approval. Several inquiries about $ETHE today. The news is mostly in, the discount mostly gone, and the move is over-extended,…

Shiba Inu (SHIB) and Dogecoin (DOGE) competitors on Solana (SOL) and Base (BASE) blockchains are under pressure as Bitcoin (BTC) dropped below $60,000. In the last seven days, the Base meme crypto scene lost over one-third of its value. Base meme coins segment loses 24% in 24 hours The segments of Base (BASE) and Solana (SOL) meme cryptocurrencies are yet again among the most affected categories of altcoins hit by a massive crypto price flush. In the last 24 hours, meme coins on Base (BASE) saw almost 24% of their capitalization erased. Among all Base (BASE) meme coins, the biggest…

WASHINGTON, D.C. — U.S. Securities and Exchange Commission Chair Gary Gensler declined on Thursday to preview his agency’s decision on ether (ETH) exchange traded funds (ETFs), though he advised observers to “stay tuned.” Though he’d reiterated that the court decision on ETFs had caused his agency to “pivot” in its thinking, when asked by CoinDesk on Thursday about what the agency is preparing to do in response to the specific applications on this much-anticipated crypto decision, he largely demurred. “I don’t have anything on this particular filing,” Gensler said outside an Investment Company Institute event in Washington. “We do it…

Upbit, South Korea’s largest cryptocurrency exchange, announced the launch of OAS, a token associated with its Oasys platform, to support both USDT and BTC markets. Upbit to Launch OAS for USDT and BTC Pairs Oasys is a smart contract platform designed specifically for Web3 games. Following the announcement, the value of OAS increased by 63% within 24 hours, reflecting increased investor interest and optimism about the token’s potential. Notably, OAS is one of the few tokens listed on Upbit that is not yet available on other major exchanges such as Binance and Coinbase, adding to its uniqueness and appeal. Oasys…

Real asset tokenization is reported to be the next big frontier for the blockchain industry, and Chainlink continues to expand global partnerships with a focus on real asset tokenization and cross-chain transactions. On May 21, the world’s largest blockchain oracle network announced an expanded partnership with Arta TechFin, a Hong Kong-based asset management and financial services company, to bring real-world assets on-chain. Arta Techfin CEO Eddie LAU said the partnership aims to address a market gap for an end-to-end solution that addresses pain points from primary off-chain creation and secondary trading to enhancing product integrity. According to Chainlink, global real-world…

U.S. Senator Marsha Blackburn highlighted the personal privacy and government surveillance risks of Central Bank Digital Currencies and Bitcoin. In recent remarks at the Bitcoin Policy Summit, the Tennessee Republican expressed strong concerns about Central Bank Digital Currencies (CBDCs), labeling them as potential spy tools for government oversight. “Central Bank Digital Currencies are essentially a way for the government to have a peephole into everyone’s personal finances,” Blackburn said. She argued that such digital currencies could enable unprecedented access to individual financial transactions, thereby increasing the potential for governmental control over personal freedoms. NEW – US Senator Marsha Blackburn: CBDCs…

Ethereum (ETH) faced a nearly 5% crash in one hour this Thursday, despite the anticipation around the approval of spot Ethereum exchange-traded funds (ETFs) in the US. The X user identified as ai_9684xtpa pointed out that this was likely a market manipulation movement by the trading firm Symbolic Capital Partners. “The agency sold 6,968 ETH in one minute at 20:56, worth $27.38 million, with an average selling price of $3,930; one transaction sold 3,497 ETH on the chain at one time, and the bribe cost was as high as 90 ETH,” explained ai_9684xtpa. Such transactions are known as MEV, short…

Neo SPCC has rolled out a number of updates across major NeoFS components. Several enhancements have been made to the node implementation, API, and Panel frontend application. Panel v0.5.2 The recently released Panel serves as a user interface for the NeoFS network. The latest version makes changes geared towards general user experience. Container creation fees are now communicated on the UI, and Neon Wallet connection has been adjusted to work without a popup, improving wallet compatibility. The team reworked the Extended EACL rules/filters component to improve user experience and updated the “allow reads for others” example to be more strict.…