Author: NBTC

A top crypto analyst thinks this week will offer some critical hints about the future direction of Bitcoin (BTC). In a new YouTube video, Benjamin Cowen tells his 802,000 subscribers that the labor market data, which will become public this week, could suggest a possible trajectory for BTC. The U.S. Bureau of Labor Statistics publishes reports on the first Friday of every month that include metrics like average hourly earnings, non-farm employment change and the unemployment rate. The crypto analyst notes that Bitcoin price hesitation leading up to a new month is a “common thing.” “You get that labor market…

DexTools, a decentralized finance (DeFi) platform for cryptocurrency traders, has added support for Shiba Inu’s ShibaSwap, according to a Wednesday announcement. The integration unlocks “advanced DeFi analytics” for Shiba Inu holders. DexTools is a popular website that provides its users with data about decentralized exchanges. It makes it possible to track DeFi portfolios as well as crypto prices. The platform, which boasts tens of millions of monthly users, tracks roughly 3.5 million tokens. DexTools can monitor market moves, offer real-time analysis of various cryptocurrencies, and search for tokens on any DEX. On top of that, it allows traders to swap…

Stader, a well-known liquid staking forum, has recently announced integrating Chainlink CCIP. The integration of the industry standard concerning the safe interoperability of Chainlink CCIP on Arbitrum and Ethereum mainnets emerges as a milestone for the platform. As a result of this integration, the company will leverage the capabilities of CCIP regarding simple token transactions. .@staderlabs_eth—a liquid staking protocol with $600M+ TVL—has integrated CCIP across @ethereum & @arbitrum to unlock cross-chain transfers of its liquid staking token ETHx.Stader is also sponsoring the ETHx/ETH #Chainlink Price Feed on Ethereum. — Chainlink (@chainlink) April 16, 2024 Stader Integrates Chainlink CCIP to Enable…

Axie Infinity has announced the Axie Bounty Aid to help players who find it difficult to complete more than 3 tasks daily on the bounty board due to not having enough fortune slips. This weekly series offers players a chance to win a prayer delegation with 100 Fortune Slips. Also read: Axie Infinity Origins S8 Postseason Begins With the Elite 8 Tournament, Giveaways, and Updates The Daily Bounty Board in Axie Infinity allows players to earn AXS by completing various challenges and tasks. The Axie Bounty Aid program will pick 20 players every week and provide them with a Prayer…

Casey Rodarmor says he has no regrets about the two controversial protocols, Ordinals and Runes, he launched on Bitcoin, which have made the original and most valuable blockchain a lot more like other, alternative chains. There are essentially two guiding principles that Rodarmor has followed since bursting on the scene as one of Bitcoin’s most influential coders: Bitcoin should remain secure and so should its applications. This is an excerpt from The Node newsletter, a daily roundup of the most pivotal crypto news on CoinDesk and beyond. You can subscribe to get the full newsletter here.Note: The views expressed in…

The exciting news for the DeFi community is that Binance has easily integrated Curve Finance’s token, CRV, into Arbitrum One and Optimism. This strategic decision is expected to significantly enhance Curve Finance’s liquidity and transactional efficiency for those who employ these highly effective layer-two scaling solutions. Curve Finance, which is famous for its efficient stablecoins trading and earning low-risk fee revenue for its liquidity suppliers, could now benefit from the lower transaction costs and faster processing time offered by Arbitrum One and Optimism. These two layer-two solutions – Arbitrum One being a third-generation optimistic roll-up protocol and Optimism being another…

Unusual transaction volumes were detected in several altcoins on Upbit, South Korea’s largest cryptocurrency exchange. The altcoins in question include Bitcoin Gold (BTG), Aave (AAVE), Ontology Gas (ONG), Hifi Finance (HIFI) and Mask Network (MASK). The 4-hour chart for Bitcoin Gold (BTG) shows an average volume of $60,000. However, the last recorded volume was a staggering $98,000, an increase of 63.79%. In contrast, volume on Binance decreased by 31.93%, from an average of $29,000 to $19,000. Aave (AAVE) also experienced a significant volume increase on Upbit. Average 1-hour volume of $2,000 rose to nearly $5,000, a massive increase of 178.24%.…

Seoul – Pixelverse, the emerging entertainment studio and game ecosystem, has successfully closed a funding round, raising $5.5M from tier-1 venture capital funds and prominent founders from the gaming and Web3 spaces. This capital injection is aimed at fueling the global growth of the Pixelverse gaming ecosystem, which has attracted over 15 million users in its first month of operation.—The funding round was led by notable investors, including Delphi Ventures, Merit Circle, and Mechanism Capital. Other participants included Bitscale Capital, Ghaf Capital, Big Brain Holdings, LiquidX, and Foresight Ventures. Angel investors such as Sébastien Borget, founder of The Sandbox, Luca…

Blum, recognized as one of the most promising and discussed crypto projects, has reached another important milestone in social media development. Recently, it was announced that the Blum community on Telegram surpassed 9.8 million subscribers and is rapidly approaching 10 million. According to “blumies” themselves, this number has placed them in the 4th position by the number of subscribers on Telegram. It is also known that besides the main community, Blum supports 19 additional communities in various languages. The popularity of Blum is hard to overestimate: the project by former Binance executives in Russia and the CIS, Gleb Kostarev and…

Bitcoin ETFs are gaining momentum, with reports indicating up to $105 million in positive flows on Monday. This brings the cumulative inflows to nearly $2.40 billion in the last three weeks. Experts ascribe the inflows to increased global liquidity, which can boost the Bitcoin price by improving market sentiment. Bitcoin ETFs Demand Returns with $105 Million Inflows on Monday Bitcoin ETFs market rebound continues to strengthen, with reports showing $105 million inflows on June 3. This marks 15 consecutive trading days (three weeks) of positive flows and brings the cumulative inflows to $2.40 billion, as the on-chain data platform SpotOnChain…