Author: NBTC

Ellipsis Labs raises $20 million from Haun Ventures to accelerate the launch of Atlas, a layer-2 blockchain focused on verifiable finance. The team currently operates Phoenix, a Solana-based decentralized exchange. Ellipses closed a $20 million series A round in April, led by Paradigm. Ellipsis Labs, the team behind the Solana-based decentralized exchange Phoenix, has raised $20 million from Haun Ventures to launch Atlas, a new blockchain purpose-built for what is being termed, “verifiable finance.” Co-founders Eugene Chen and Jarry Xiao, who have backgrounds in high-frequency trading, founded Ellipsis Labs in 2022. According to a statement from Haun Ventures, their “key…

Meme coin exchange-traded funds (ETFs) are expected to be the next big thing in the digital asset sector. In an interview with Tony Edward, the host of Thinking Crypto podcast, Matt Hougan, the CIO at Bitwise, talked about the possibility of such an investment product and their potential impact on crypto. In the interview, Hougan talked on multiple topics including the possibility of the approval of meme coin ETFs in the near future. The Bitwise executive said that the ETFs may or may not “fit into the bitwise framework of the world” while adding that a lot of such investment…

The Bitcoin (BTC) price reached a high of $73,525 on October 29. Bitcoin price long-term forecast: bullish Now, the Bitcoin price has fallen to a low of $68,141 and is still above the 21-day moving average. The largest cryptocurrency is at risk of a further decline if the price slips below the moving average lines. A break below the 21-day SMA support will result in Bitcoin falling to a low above the 50-day SMA or a low of $64. Bitcoin is expected to resume its positive trend if it retraces and stays above the moving averages. Bitcoin is currently bearish…

Bitcoin rollup Citrea raised $14 million in Series A funding led by Peter Thiel’s Founders Fund. The project aims to transform the Bitcoin blockchain into a venue for smart contracts by using zero-knowledge (ZK) technology to make bitcoin a programmable asset. Adding greater utility to Bitcoin is of “critical” importance, Citrea said. Citrea, a Bitcoin project striving to expand the utility of the original cryptocurrency by using zero-knowledge technology, said it raised $14 million in Series A funding. The investment was led by Peter Thiel’s Founders Fund and included contributions from angel investors Erik Voorhees and Balaji Srinivasan, according to…

A top L1 blockchain Aptos has recently reported substantial growth in terms of on-chain activity as the impressive statistics showcase the development. The blockchain recorded up to 5.4M active addresses over the month apart from a staggering 578M transfers, representing increased consumer engagement and optimism for the overall Aptos ecosystem specifically at a time of fears concerning bot inflation. 🔥 @Aptos reports a record in on-chain activity#Aptos, a #layer1 blockchain, has reported significant growth, with 5.4 million active monthly addresses and 578 million transactions last month. This marks a notable increase in on-chain activity, while the $APT token has seen…

The crypto and NFT gaming space is busier than ever lately, what with prominent games starting to release, token airdrops piling up, and a seemingly constant array of other things happening at all times. It’s a lot to take in! Luckily, Decrypt’s GG is all over it. And if you need a quick way to get caught up on the latest moves around crypto video games, we’re happy to present This Week in Crypto Games. Our weekend roundup serves up the biggest news from the past week, along with a few other tidbits you might have missed. We also showcase…

The Bitcoin mining industry has been under considerable pressure this year, marked by declining revenues, reduced hash prices, and soaring production costs. Despite these challenges, miners have continued to expand infrastructure, predicting a favorable Bitcoin ($BTC) price trajectory in the long term. CoinShares’ Q3 2024 report shows that mining expansion has raised both difficulty and production costs. The average cash cost per Bitcoin ($BTC) rose to $49,500 in Q2, up from $47,200 in Q1. When incorporating other expenses like depreciation and stock-based compensation, this estimate increases to around $96,100, signaling that mining profitability increasingly relies on favorable Bitcoin ($BTC) prices.…

Hedge fund manager Mark Spiegel, who is best known as a major Tesla short-seller, has issued a bearish warning about high-flying business intelligence firm MicroStrategy. In a Thursday social media post, Spiegel opined that Michael Saylor, the charismatic co-founder of MicroStrategy, is “like the Hunt Brothers in the silver market.” “One day he’s going to want to unload all the Bitcoin and realize that he was ‘the market,'” Spiegel warned. Nelson Bunker Hunt, the eldest son of oil tycoon H.L. Hunt, famously tried to corner the silver market together with his two brothers (William Herbert Hunt and Lamar Hunt). With…

Vet, an XRPL dUNL validator, has debunked speculations that the highly anticipated Ripple stablecoin RLUSD is only for institutional investors. In an X post, the dUNL validator stated that RLUSD is for everyone, both institutions and retail users. According to him, a compelling ecosystem would need an all-rounded adoption to thrive. As a result, Ripple will need both retail and institutions to boost the stablecoin’s utility. #RLUSD is for everyone! There is no such thing as “not meant for retail”, for a compelling ecosystem you need institutions AND retail. Institutions on ramp with RLUSD to the XRP Ledger and distribute…

Avalanche-based battle royale shooter Off the Grid has experienced mainstream success that we haven’t seen from crypto games before. The third-person shooter quickly became the top free-to-play title on the Epic Games Store last month, as the early access rollout attracted a crowd of traditional gamers—some of whom may be more open to Web3 than before. But what made the big launch a crypto gaming success, and how could Off the Grid’s unique approach impact how future blockchain games attempt to reach players? Most industry experts that Decrypt spoke with put Off the Grid’s success down to the “game-first” approach…