Author: NBTC
Wall Street’s demand for Bitcoin products surged last week, with $1.1 billion in new cash captured by BlackRock’s spot Bitcoin exchange-traded fund. Bitcoin (BTC) has become a major focus for U.S. wealth management heavyweight BlackRock as its spot Bitcoin ETF outpaced several traditional finance offerings. Investors have injected $26 billion into BlackRock’s IBIT, 10 months after spot Bitcoin ETFs debuted in mid-January. The fund has broken into the top 2% of all ETFs in the U.S., and last week’s inflows marked another milestone for BlackRock’s Bitcoin ETF. BlackRock’s IBIT accounted for half of the $2.2 billion in inflows recorded by…
Due to Ethereum’s ability to withstand the decline of Bitcoin, there is conjecture afoot that a shift toward altcoins, specifically ETH, is imminent. As Bitcoin struggles to maintain momentum near the $100,000 mark, Ethereum’s price movement is attracting attention as it is currently trading above $3,400. The idea of an Ethereum-led rally is supported by the historical trend of Bitcoin dominance declining during corrections. Altcoins typically see a spike in market share and price action when Bitcoin’s dominance declines. This pattern is best illustrated by the cryptocurrency market of 2017, when Ethereum and other altcoins surged while Bitcoin cooled. Based…
The Cardano blockchain’s two-part Chang Hard Fork represents a major upgrade that will enhance network functionality and decentralized governance. On Sept. 1, Chang 1, the first phase of the Chang Hard Fork, was activated, bringing crucial improvements such as empowering the Interim Constitutional Committee. In November 2024, the process to enact the second phase of the Chang upgrade is expected to kick off in full swing, ushering in a critical phase for Cardano’s governance evolution. Chang 2 will require five governance actions to be successfully enacted on-chain. The current roadmap anticipates a prerelease of Cardano node v10 for testing in…
Today’s news that FTX co-founder Gary Wang has been sentenced to time served and supervised release for his role in the multi-billion dollar FTX fraud scheme means that only three of the five executives involved will serve any time in prison for their part in the theft. Wang pleaded guilty to four counts — wire fraud, conspiracy to commit wire fraud, conspiracy to commit commodities fraud, and conspiracy to commit securities fraud — and was sentenced on Wednesday to time served and three years of supervised release on each. The longest sentence was reserved for the mastermind of the theft,…
Bitcoin price has surged close to $68,260 in recent days, with bullish momentum bringing it tantalizingly close to the key psychological level of $70,000. This upward price action has sparked renewed interest in the cryptocurrency, as it breached a crucial resistance level at $68,248. However, the next move hinges on Bitcoin (BTC) investors, who are displaying bullish signs yet are known to quickly shift sentiment. The path to $70,000 now lies in their hands, with both upside potential and downside risks ahead. Bitcoin Investors Are Bullish Over the weekend, the supply of Bitcoin on exchanges saw a sharp decline, reflecting…
Ethereum is witnessing a surge in “blob” usage, an effective data management tool introduced earlier this year, signaling that more users are embracing layer-2 scaling solutions for faster and more affordable transactions.” The number of blobs or binary large objects posted to Ethereum has consistently averaged more than 21,000 this month, matching the record activity seen in March, according to pseudonymous data analyst Hildobby’s Dune Analytics dashboard. Ethereum’s Dencun upgrade, which went live earlier this year, introduced blobs, which attach large data chunks to regular transactions, storing data offchain without congesting the mainnet, unlike call data which is stored permanently.…
GMX-Solana has adopted Chainlink’s Data Streams as its official Oracle solution for price data, funding rates, and liquidations. In parallel, Chainlink’s Cross-Chain Interoperability Protocol (CCIP) has facilitated cross-chain staking for Lido, broadening accessibility to staked Ethereum (ETH) on Layer-2 (L2) networks. These developments highlight Chainlink’s expanding role in decentralized finance (DeFi). It is delivering novel pathways for secure, decentralized trading and staking across different blockchain networks. Chainlink Data Streams Now Available on Solana The decentralized perpetual trading platform has selected Chainlink Data Streams as its data oracle solution to support its derivative markets on Solana. This integration aims to meet…
A provocative tweet from a crypto influencer has sparked a debate, questioning the future career path of SEC Chair Gary Gensler. The tweet called out the current SEC Chair directly, asking “Hey Gary Gensler, are you going to do a Jay Clayton/Bill Hinman on us? Sue blockchain companies (SEC) then go to work for crypto banks and companies?” Hey @GaryGensler 👇👇👇👇Are you going to do a Jay Clayton/Bill Hinman on us? Sue blockchain companies (SEC) then go to work for crypto banks and companies? Goldman Sachs’s digital assets unit plans fintech spin-out https://t.co/FBbP1Gg41s — James Rule XRP 👊😎 (@RuleXRP) November…
Bitcoin’s current “Boring Zone” suggests a period of market stability, signaling potential future volatility. Altcoins are showing a reversal, marking the end of the longest bear market in crypto history. Increased liquidity could drive the market into the anticipated “Banana Zone,” leading to dramatic price movements. Bitcoin owners or Investors have been in what several experts have mentioned as the “Boring Zone” a phase whereby the market value of the commodity hovers with little to no fluctuation. This phase is usually found to be subsequent to high oscillations while it provides solidity before any change is made. #Bitcoin is currently…
The price of then native token of smart contract platform Solana, SOL, has been significantly outperforming most other digital assets over the past few weeks, to the point that it’s nearly overcoming Binance’s BNB to become the fourth-largest digital currency by market capitalization. According to available market data, Solana’s current market capitalization stands at $84.4 billion after the cryptocurrency surged more than 6% over the past week, to now trade at $179.5 per token. Meanwhile Binance’s BNB has an $88.5 billion market capitalization at the time of writing, with each BNB token currently trading at $606. When it comes to…