Author: NBTC

Michael Saylor, co-founder and chairman of MicroStrategy, has once again captured the attention of the crypto community. Amid a period of consolidation for the Bitcoin price, Saylor has delivered a message that has resonated across the crypto market. In his latest tweet, Saylor simply wrote: “Behold Bitcoin.” While the statement may seem brief and straightforward, its timing and context carry significant weight. Behold ₿itcoin pic.twitter.com/dG0aWK576T — Michael Saylor⚡️ (@saylor) August 17, 2024 Bitcoin, the largest cryptocurrency by market cap, is currently witnessing a period of relative consolidation hovering near the $60,000 to $62,000 range. Since Aug. 8 specifically, Bitcoin has…

The DAO community governing Curve finance is on the verge of approving a 21 million CRV (about $6 million) 1-year funding proposal from Swiss Stake AG, Curve Finance’s lead development team headed by the protocol’s founder Michael Egorov. Curve proposals require a quorum of 30% of all vote-escrowed CRV (veCRV) to participate, with a majority voting in favor. As of Friday at 2:00 pm ET, the votes cast amount to 28.55% of the total, with nearly 100% in favor. An initial version of the proposal faced community resistance due to a lack of clarity regarding proposed budget allocations, the management…

BlackRock’s iShares Ethereum Trust, also known as ETHA, has become the first US spot Ethereum exchange-traded fund (ETF) to achieve $1 billion in net inflows, Farside Investors’ data shows. Source: Farside Investors This marks a significant milestone, although the fund trails the initial performance of BlackRock’s iShares Bitcoin Trust (IBIT), which crossed the $1 billion mark in just four days. Despite the slower pace compared to Bitcoin ETFs, the demand for Ethereum-based funds like ETHA is growing, albeit not at the same explosive rate as its Bitcoin counterparts. The $1 billion milestone was established after ETHA took in $26.8 million…

Consolidation within the crypto ETP space continues with another move by Bitwise, reflecting a broader industry trend that appears poised to continue. CoinShares closed its deal to acquire Valkyrie’s US-centric ETF business in March. Then last week, crypto asset manager Bitwise bought ETC Group. Bitwise followed up that purchase by revealing on Tuesday its pending deal to acquire the assets within the Osprey Bitcoin Trust — currently totaling roughly $120 million. For Osprey shareholders, this deal “will lower costs and increase liquidity while providing continuity to their investment,” Bitwise CEO Hunter Horsley told Blockworks. Read more: Osprey Bitcoin Trust seeks…

Grok, the AI chatbot on Elon Musk’s social media platform X (formerly Twitter), has commented on the prospect of the platform adopting XRP or XLM for payment services. Speculation about the potential integration of crypto like XRP for payment services on X remains a hot topic within the community. Recently, Dubai-based crypto influencer Amelie posed a question to X’s in-house AI chatbot, Grok. Specifically, she inquired whether the platform would adopt XRP or its competitor Stellar (XLM) as a payment method. Amelie shared a screenshot of her interaction with the crypto community on X. WOW! 💥 I asked Grok: „Will…

The important $60,000 barrier has been crossed by Bitcoin (BTC) once more, but the market is still cautious with significant resistance to this rally in the near future. BTC was trading just above the 200 EMA at $59,548 after a brief spike above $60,000 that was followed by a wave of selling pressure that swiftly drove the price back down. Although reaching $60,000 is a significant psychological boost, it is important to keep an eye on critical levels that may determine Bitcoin’s short-term course. The $60,000 mark has considerable psychological significance in the market, it is not just a round…

The total value of assets locked in Polygon ($MATIC) currently stands at approximately $891 million, according to DefiLlama. This measure, known as Total Value Locked (TVL), provides a key indicator of the adoption and usage scale of decentralized finance (DeFi) protocols on the Polygon blockchain. By examining the top DeFi protocols on the Polygon chain by their current TVL in USD, we gain insights into the network’s most popular and utilized platforms. Top Polygon Protocols by Total Value LockedThe total value of assets locked in @0xPolygon $MATIC is around $891M, according to @DefiLlama. Let’s compare the top DeFi-protocols on #Polygon…

Ethereum has underperformed recently, especially when compared to Bitcoin and Solana. The first US spot exchange-traded funds for the asset were launched last month, and the underlying asset’s price has tanked almost 30% since then. However, the upcoming Pectra (Prague-Electra) upgrade scheduled for the first quarter of 2025 could change the bearish outlook for Ethereum. Big Upgrades for Ethereum On Aug. 20, DeFi researcher “Ignas” said that it was easy to be bearish about Ethereum considering its recent performance but added that, unlike previous upgrades, “Pectra seems to get no FOMO at all.” There have been three major Ethereum upgrades…

Everyone in web3 is familiar with names like Andreesen Horowitz, Coinbase Ventures, and Binance Labs. But outside of the big venture capital firms, there are hundreds more that undertake the same work, funding and supporting startups and advocating for web3 adoption. From this long tail of web3 VCs, a few names stand out. Not only are their founders knowledgeable and their hunger for success palpable, but they demonstrate an earnest desire to help the industry realize its full potential. The following VCs are ethical, multidisciplinary, and intent on helping not just themselves but their portfolio companies achieve the success they…

Sonic Labs, the world’s leading robust EVM chain shares to team up with Gelato Network, a rollup-as-a-service platform. Both FinTech firms aim to join forces for the sake of improving the Web3 experience for the users. As per the news shared on X, Gelato is offering a range of Web3 services to the users of Sonic Labs for a fast and smooth user experience. 🚀 Ever wanted to buy tokens in your sleep? Say hello to limit orders on #Sonic and more!We’re proud to introduce our partnership with @GelatoNetwork, available on Sonic at launch!Gelato brings a suite of Web3 services…