Author: NBTC

In a recent development that underscores the growing optimism on the cryptocurrency market, Bitcoin (BTC) futures trading has seen a marked increase in activity, driven by a shift in market sentiment toward bullishness. Matrixport, a prominent player in the digital asset space, highlighted the trend in a tweet, noting that Bitcoin’s funding rate had been positive during the last few weeks, as sentiment had shifted more toward bullishness. They mentioned that futures trading positioning had also increased in the last 24 hours, signaling that fast traders (futures traders) were expecting Bitcoin to continue to rally. The positive funding rate for…

Key Points: ProShares filed for a spot Ethereum ETF, with BNY Mellon and Coinbase in key roles. The SEC is reviewing NYSE Arca’s proposal to list and trade ProShares spot Ethereum ETF, with a decision expected in 45 days. The timeline for final approvals and the launch of ProShares spot Ethereum ETF remains uncertain. ProShares has submitted an S-1 registration statement for the ProShares spot Ethereum ETF, according to a June 11 filing. ProShares Spot Ethereum ETF Now Has Updated S-1 Application 2 ProShares Spot Ethereum ETF Updated Registration Statement The document elaborates on various participants’ roles in ProShares spot…

After the FED announced that it left interest rates constant, Jerome Powell started his very important press conference at 21:30 Turkey time (UTC+3). Here are all the details from Powell’s speech: Inflation has decreased significantly but is still very high. The FED generally expects GDP to slow down from last year’s pace. We maintain our restrictive policy stance. The employment growth rate is still strong but slower than in the first quarter. The unemployment rate remains low. Inflation has decreased significantly. The strong immigration rate increased labor force participation. Our economy has made significant progress. The risks to accomplishing the…

The Sui Foundation has announced a strategic investment in Artfi, a leader in tokenizing real-world art (RWArt). This partnership is heralded as a game-changing move that could reshape the future of real-world assets (RWA) within the blockchain ecosystem. What an exciting development! The Sui Foundation has made a significant investment in Artfi, a pioneering force in Real-World Art tokenization (RWArt). This partnership marks a pivotal moment in the realm of blockchain technology, showcasing the vast opportunities presented by… pic.twitter.com/jLMmpM8qqH — Artfi (@artfiglobal) April 16, 2024 The collaboration between the Sui Foundation and Artfi underscores the increasing interest and potential in…

Key Points: BitMEX co-founder Arthur Hayes is now a strategic advisor at Covalent, focusing on the Ethereum Wayback Machine. The Ethereum Wayback Machine aims to store and re-execute temporary blob data, ensuring long-term availability and secure preservation of Ethereum’s historical records. This initiative supports decentralized AI by providing accurate historical data and promoting innovation and transparency in the blockchain community. Arthur Hayes recently announced that he is serving as a strategic advisor at Covalent, helping develop an Ethereum Wayback Machine. This machine will serve as an off-chain blockchain storage system, allowing the re-execution of its temporary Blob data. This initiative…

On-chain data from analytics firm CryptoQuant showed that more than 50% of Bitcoin supply is inactive. BTC Holders Continue to Hold Their Bitcoins This means that the Bitcoins in question have not been moved or exchanged in the tracked wallets, which is a sign of strong long-term belief among holders. This data supports the idea that Bitcoin may see further price gains due to unwavering belief in its future value. Mt. Gox hack and the DMM hack last week, sentiment around Bitcoin remains bullish. Singapore-based QCP Capital noted that there was an increase in trading activities and an optimistic outlook…

The cryptocurrency market is poised for a significant turnaround, which could drive Ethereum (ETH) and altcoins to previous all-time highs. The shift happened as June 12’s U.S. Consumer Price Index (CPI) data came in lower than expected. According to Michaël van de Poppe, CIO & Founder of MN Trading Consultancy, this could be a “massive sign” for altcoins and Bitcoin (BTC). Notably, the professional trader highlighted finance data as a leading indicator for this bullish stance in a post on X. “The Dollar and Treasury Yields are dropping significantly as the markets are expecting rate cuts to be happening.” —…

Cryptocurrency prices wavered Wednesday as investors parsed commentary from the Federal Reserve that provided new insight into the U.S. central bank’s fight against inflation. Policymakers’ move to leave interest rates unchanged for an 11th consecutive month was a foregone conclusion, based on movements in Fed futures markets. At its most restrictive position in over 20 years, the Fed kept its benchmark borrowing rate at a range between 5.25% and 5.50%. This month’s release of a so-called “dot plot,” however, suggested shot callers at the U.S. central bank have seen a notable shift in financial conditions since March. The Fed in…

In a significant development for the blockchain and gaming industry, Xterio has announced the launch of its XterETH Chain on the Superchain network, powered by the Optimism Collective. This move represents a crucial milestone as Xterio builds on the OP Stack and integrates into the Superchain, a rapidly expanding network of chains utilizing Optimism’s open-source standard codebase. XterETH Chain is live on the Superchain by the @Optimism Collective!Building on the OP Stack and joining the Superchain, a growing network of chains built on Optimism’s open-source standard codebase, marks a significant milestone for us at Xterio,» Scaling Web3 GamingXterio’s… pic.twitter.com/BSAFizi0ge —…

The SEC recent approval of ETH ETFs might eventually prove a more important event for Ethereum than it was for Bitcoin. Bitcoin’s dominance, niche, and value proposition as a store of value are well-established and unlikely to be challenged in the near term. Ethereum, however, faces far stiffer competition, sometimes struggling to distinguish itself among narratives of smart contract platforms — until recently.Now we know there are two major crypto assets likely not at risk of being called securities by U.S. regulators. This might not mean much for retail investors, especially outside the U.S., but clearing up the regulatory uncertainty…