Author: NBTC
According to Bloomberg ETF analyst Eric Balchunas, the U.S. Securities and Exchange Commission’s (SEC) recent interaction with potential spot Ethereum ETF applicant companies represents a significant shift in the outlook for potential approvals. Next steps include approving forms 19b-4 and S-1 registration statements. Balchunas noted that due to the unique nature of the issue, this may take longer than usual. Once these are met, trading can begin. “Overcoming the possible approval issue is the most important thing. Now it’s all about logistics and legal documents,” he said. Unlike spot Bitcoin ETF approvals, where the SEC meets with prospective issuers for…
Blum, a project of former Binance executives Gleb Kostarev and Vladimir Smerkis, is gaining increasing momentum due to the viral effect and farming mechanics. This marketing move has already attracted a colossal audience to the project — more than 3 million people have already joined Blum. How to farm Blum? The feature is available in the Telegram mini-app, it allows users to earn “points” that can later be converted into real tokens, adding an element of gamification. Launch the bot, complete tasks and get points! Use “invites” which are the referral links, send them to your friends to earn more…
Prom, a popular modular ZkEVM L2 that offers interoperability across diverse chains, has recently announced an exclusive integration. The platform has reportedly integrated ARPA which is an Ethereum-based well-known permissionless network that intends to provide a privacy-preserving, secure, and fair blockchain forum. The company disclosed the news of this integration on its official X account. Prom Integrates ARPA Into the EcosystemWe’re thrilled to introduce another infrastructure partner in our ecosystem, meet @arpaofficial, a permissionless threshold BLS signature network.ARPA builds a verifiable on-chain randomness oracle, Randcast, which is now live on… pic.twitter.com/RMoapemuip — Prom (@prom_io) May 24, 2024 Prom Unveils Its…
Bitcoin miners are increasingly facing off against a new foe to contend with ahead of this week’s halving: the AI boom. Analysts at investment firm AllianceBernstein, Gautam Chhugani and Mahika Sapra, said that miners are now competing with AI data centers in places like Texas. Bitcoin miners are largely centralized operations that mint new digital coins. To do so, a Monday report explains, they need to use a lot of computers and therefore energy. Meanwhile, the booming AI industry is also power-hungry. Both industries look to places like Texas, which has cheap energy and lots of land to build data…
Open interest for Ethereum futures contracts hit $15.5 billion on Tuesday following rumors that the Securities and Exchange Commission was closer to approving ETH exchange-traded funds this week. The sudden blast of optimism has fueled a rush of upward movement across markets, and CoinGlass data shows that open interest on all crypto exchanges was at a record of 4.13 million ETH—surging by 32% in 24 hours. Deribit CEO Luuk Strijers told Decrypt that the trading volume was “unprecedented.” “This surge [in futures trading] reflects the heightened market activity and interest as traders and investors position themselves to capitalize on the…
Animoca Brands says Bitcoin is ready for Web3. The blockchain gaming giant will collaborate with Darewise and OPAL Protocol to launch a new era for gaming, DeFi and Web3 on BTC. BLIF, a new token of the OPAL Protocol, will power the ecosystem. Animoca Brands, a leading blockchain gaming company with a huge presence across the market, has announced its entry into the Bitcoin ecosystem. The Hong Kong-based company’s huge announcement came via a post on X on Tuesday. Among other details, Animoca Brands said it “is coming to Bitcoin” and that the pioneer blockchain network is “ready for Web3.”…
The Blum project which erupted from the masterminds of the first persons of Binance Russia continues to surprise the crypto market with the pace of its development and attracting a huge audience. In just a few days, the number of users has grown incredibly and is now 5 million! No doubt, this is a significant milestone and Blum has already marked it with a separate post on its social media — it became known that already 5 million people are engaged in farming and inviting, and are also watching the development of the project with great interest. Let us remind…
RWA Inc., the pioneer platform using cutting-edge Web3 facilities to release fractional assets, has started a unique partnership. As per the company, it is joining forces with Hybrid, a prominent layer for on-chain intelligence that utilizes AI and Web3 experts. The platform took to its X account to disclose this development. 📢 Exciting Partnership News@RWA_inc_ and pioneering AI-focused L1 programmable blockchain, @BuildOnHybrid will work together to integrate AI services into the #tokenization market.RWA’s community gains access to @BuildOnHybrid AI tools and features which will help to… pic.twitter.com/LfiJFDtHfX — RWA Inc. (@RWA_Inc_) May 24, 2024 RWA Inc. and Hybrid Start a…
Closely followed trader and economist Alex Krüger believes Ethereum (ETH) is headed to new all-time highs (ATHs) due to one key catalyst. Krüger tells his 175,400 followers on the social media platform X that a possible approval of a spot ETH exchange-traded fund (ETF) as early as this week could send the top altcoin soaring. The odds for an ETH ETF approval by the U.S. Securities and Exchange Commission (SEC) suddenly increased this week, and ETH rallied by more than 20% in the past day. He also believes Bitcoin (BTC) will be “much higher” before the end of 2024. “My…
Monero’s XMR token has fallen to its lowest point against Bitcoin in the last eight years amid regulatory pressure on privacy-focused blockchain networks. According to CoinMarketCap data, the XMR-BTC chart reached as low as 0.001954 BTC today, down 50% on the year-to-date metric. Moreover, the digital asset’s US dollar value has also been struggling, falling by more than 20% in the past year to less than $120 as of press time. Nevertheless, Monero developers are intensifying efforts to enhance the network privacy features despite the regulatory challenges. FCMP A recent announcement on its website unveiled a novel privacy mechanism, “Full-Chain…