Author: NBTC

Ethereum has climbed 4% from a low of $2,566 to a high of $2,695. Ethereum’s fees hit a five-year low due to rising memecoins and the Dencun upgrade. In the last 24 hours, the Ethereum (ETH) price has climbed over 4%, rising from a low of $2,566 to a high of $2,695, which has sparked optimism among investors. After a week of consolidation, the second-largest cryptocurrency finally broke through the $2,500 resistance zone. At the time of writing, Ethereum is trading at $2,644, with a market capitalization of $320 billion. Additionally, the daily trading volume has seen an 18% increase,…

Although Nvidia’s (NASDAQ: NVDA) stock is one of the best performers in the stock market in 2024, heavy insider selling activity, especially before its August 28 Q2 earnings report, is worrying some investors. Namely, its CEO Jensen Huang sold over $128.2 million worth of Nvidia shares in five different transactions in the previous 30 days; notably, all transactions included the same number of shares sold—240,000. Huang sells over half a billion worth of Nvidia stock in 2024 With trades spanning from June 14 to the most recent one on August 9, Huang has racked in an impressive $578.7 million from…

VeStation introduces $ssUSD stablecoin, enhancing DeFi stability. VeBetterDAO integration boosts efficiency and sustainability in staking. Scalable blockchain solutions drive VeStation’s path to adoption. VeStation, latest addition in the decentralized finance (DeFi) game, is leading a revolution on the VeChain Blockchain with innovations in sustainable staking. VeStation is setting a new standard for eco-friendly blockchain finance with its initial launch of the $ssUSD stablecoin and its strong integration of VeBetterDAO. VeStation: Pioneering Staking Innovation for Sustainable DeFi with VeBetterDAOHow does VeStation leverage VeBetterDAO to pioneer sustainable DeFi staking innovations? Let’s continue to watch. This is a thread🧵(n/11)#Sustainable #VeBetterDAO #DeFi pic.twitter.com/32SLsB3Bg1 —…

Starting with just a handful of pioneers a few years ago led by Arbitrum and Optimism, there’s been a rapid multiplication of layer-2 networks atop Ethereum, designed to provide an alternate venue for executing transactions, usually cheaper and faster. The tracking website L2Beat now lists 73 active layer-2 projects, 20 layer-3 projects, 81 upcoming projects and 12 already archived. That’s the backdrop for why Alex Gluchowski, CEO of Matter Labs, the main developer firm behind the ZKsync layer-2 protocol, sees fragmentation as the next big challenge the blockchain space needs to tackle. “Right now the race is to solve the…

On August 5, Ethereum’s (ETH) price dropped to $2,226, causing the broader market to panic. But since then, the altcoin has been able to erase some of the losses, trading at $2,660 at press time. However, investors are wondering whether ETH has survived its most difficult phase. This on-chain analysis reveals the answer. Ethereum’s Bull Run Is Back on Track One way to assess this is by analyzing the Market Value to Realized Value (MVRV) pricing bands. These bands allow investors to estimate the price levels at which a cryptocurrency will reach a high level of unrealized profits or losses.…

A bold claim on X – “Crypto is the currency of AI” – has ignited a fiery debate within the crypto community. The statement has drawn strong reactions, pitting supporters of fiat and crypto against each other in a discussion about the future of payments in the AI industry. Crypto is the currency of the AI. — Naval (@naval) August 27, 2024 The spark was lit by a crypto user known as Naval, whose post quickly went viral. While some argue that fiat currencies like the US dollar remain dominant in AI transactions, others, including prominent figures in the crypto…

FLOKI token holders now have an exciting opportunity to stake their $FLOKI tokens and earn $TOKEN rewards through the TokenPocket wallet. This new staking option aims to provide a seamless and accessible experience for all users. Stake and Earn with FLOKI! Users can now stake their $FLOKI tokens, and earn $TOKEN, with TokenPocket! 👉 https://t.co/6zXKJDTIMjEasy Access: #Floki Staking is now integrated with the TokenPocket wallet, and you can find it on the Trending DApp List on the Ethereum network.… pic.twitter.com/bHYbnWgmap — TokenPocket (@TokenPocket_TP) July 2, 2024 FLOKI Staking Featured on Ethereum’s Trending DApp List First of all, the staking of…

Crypto and blockchain inherit a lot from the big-tech centric Web2, including semi-regular downtime. On Oct. 4, 2021, Facebook went offline for about seven hours — the same amount of time that the Telegram-linked blockchain TON just spent offline. TON was apparently crashed by a memecoin airdrop, DOGS, with a canine mascot that’s said to have been created by the arrested-but-not-yet-released Telegram CEO Pavel Durov. Facebook’s October 2021 outage was arguably its most high profile to date. No Facebook, no WhatsApp, no Instagram — Web2’s flagship apps were dark to the outside world. On the ground, devs and other problem…

Crypto market cap surges to $2.08T, with Bitcoin reclaiming $61,000 for a short period of time. Ethereum price rose to $2,600. Technical analysis and ETF flows present mixed signals for ETH’s short-term outlook. Ethereum finds itself at a critical juncture as the broader cryptocurrency market experiences a resurgence, with the total market capitalization dropping to $2.08 trillion from $2.14 trillion. This drop has pulled Bitcoin back above and below the $58,000 level from the $61,000 mark. Ethereum has followed suit with a gain, accompanied by a drop shortly after. The second-largest cryptocurrency by market cap has been trading within a…

Crypto index fund manager Bitwise is set to acquire the assets of its rival, Osprey Bitcoin Trust. Bitwise, the largest crypto index fund manager in the U.S., announced in a press release on Aug. 27 that it has entered into an asset purchase agreement with Osprey Funds to acquire the assets of the Osprey Bitcoin Trust. While the financial details of the transaction were not disclosed, OBTC unitholders under the terms of the deal will receive BITB shares in a liquidating distribution, with no changes expected for existing BITB holders. According to data from Osprey Funds’ official website, the trust…