Author: NBTC

Ethereum’s rally in recent months could lead to a new all-time high this year, analysts say, as its fundamentals begin to firm and sentiment shifts. On Wednesday, Ethereum reached a five-month high of $3,418. The asset has since dipped but remains elevated, with 24-hour gains exceeding 7%, according to CoinGecko data. The spike coincides with accelerated institutional accumulation, including from the likes of SharpLink Gaming, whose holdings are nearing $828 million, following a $225 million purchase in July, according to DeFiLlama data.  Similarly, Bitcoin mining company BitMine Immersion Technologies raised $250 million in June and has since acquired over $500…

By Francisco Rodrigues (All times ET unless indicated otherwise) While bitcoin is pretty much back to where it was 24 hours ago, ether (ETH) and XRP extended their gains after the House of Representatives passed the first major crypto regulatory initiative in the U.S. even though the legislation is aimed at stablecoins. It’s the knock-on effect that spurred trading activity. More about that later. While the second- and third-largest cryptocurrencies have outpaced their larger rival in the past seven and 30 days, it’s worth noting BTC has climbed more than 40% in the past three months and hit a new…

This is a segment from The Drop newsletter. To read full editions, subscribe. The pump.fun ICO was a roaring success, raising $500 million onchain at a $4 billion fully-diluted value (FDV). Another $100 million was raised via CEXs. More than 10,000 addresses took part in the Saturday sale conducted on Solana. In total, 12.5% of the entire supply was sold in 12 minutes — 125 billion PUMP for $0.004 each. Within two days, PUMP had reached as high as 70% above that initial mark and has since retraced to be 14% ahead with a $4.6 billion FDV. Such a rapid…

Polymarket acquired the derivatives exchange QCX alongside efforts to return to the U.S., the crypto-powered prediction platform said in a press release on Monday. Purchasing the little-known firm, which is regulated under the Commodity Futures Trading Commission, should allow Polymarket to re-enter the U.S. as a fully regulated and compliant platform, founder and CEO Shayne Coplan said in a statement. “We are laying the foundation to bring Polymarket home,” he said. In the announcement, Polymarket noted that the acquisition took place for $112 million, and it includes the CFTC-regulated clearinghouse, QC Clearing.  The announcement comes a week after a…

A smart Bitcoin whale deposited 400 BTC on Binance, securing $90 million in profits. Despite profit-taking, whale still holds 1,100 BTC valued around $129 million. Bitcoin trades near $118,750, with strong institutional inflows and bullish market sentiment continuing. A savvy Bitcoin whale has shown once again that big profits come to those who wait and plan well. Meanwhile, on-chain analytical platform Lookonchain shared that this whale made a profit of over $91 million with an ROI of 109%. What’s interesting is that this investor still holds over 1,100 BTC. Let’s dive in detail! Bitcoin Whale Made $91.5M In Profit According…

Ethereum (ETH) is finally having its breakout day, as BTC dominance stalled. ETH recovered the $3,300 level, setting expectations for an even more significant run. Ethereum (ETH) broke out to $3,359.11, reaching a three-month peak and recovering some of its losses from the slump in March and April. ETH is closely watched for its ability to break out even higher after months of weakness against BTC. ETH also gained to 0.029 BTC, as the leading coin is consolidating at $118,000. The recent ETH recovery also sparked hopes for a full altcoin market, or at least a spillover to the Ethereum…

LD Capital Founder Jack Yi believes UNI has the potential to reach new highs as it follows Bitcoin and Ethereum’s lead in the bullish rally. The asset is the third largest in the company’s balance sheet. In a recent post, the LD Capital founder highlights the characteristics that make Uniswap’s (UNI) native token a strong contender in the altcoins race. He expressed optimism in the asset that occupies the third-largest share in his company’s, crypto holdings. Seeing as the two other large assets, Bitcoin (BTC) and Ethereum (ETH) have seen strong gains in the past few days. BTC不断新高，ETH冲刺新高，UNI距离新高还有三倍，ETH趋势确立后，被誉为3倍以太杠杆的UNI，确定性和潜力空间巨大，一是ETH龙头，最大DEX，二是DeFi 政策利好，若费用开关提案通过，代币经济模型巨大升级。三是整个UNI共识和走势在主流币里非常良好。UNI是我们第三大投资品种，在6块的时候Trend… —…

World Liberty Fi expects its native voting token WLFI to become tradable in 6-8 weeks, following a community vote. The token, which is held by whales and retail, will enter price discovery, gauging the success of the Trump family crypto fund. World Liberty Fi announced its native WLFI token will start trading within 6-8 weeks. Following a community vote to make the asset transferable and tradable, WLFI will start exploring exchanges. The voting period was opened on July 4, finally reaching the decision to make WLFI transferable to wallets and exchanges. WLFI will prepare for trading after striking alliances with…

Continuing on the momentum of adopting stablecoins and crypto as a payment method in the UAE, the Abu Dhabi Judicial Department (ADJD) has partnered with Al Maryah Bank (MBANK) to introduce the use of digital currency for the payment of judicial and legal service fees. As per the press release, ADJD will be the first governmental entity in the Middle East to accept an AED stablecoin, AE Coin, for payment for court related transactions. AE Coin was the first AED stablecoin to be licensed in the UAE. ADJD sees this as part of UAE strategy towards establishing a digital economy…

Bitcoin may be entering a short-term correction phase, as on-chain and market sentiment indicators flash caution despite an overall bullish trend. According to a July 20 analysis by CryptoQuant contributor ShayanMarkets, Bitcoin (BTC) reserves on centralized exchanges have risen to their highest level since June 25. This uptick in exchange balances reflects ongoing profit-taking by investors, increasing the supply of BTC that could potentially be sold. Reserve increases of this kind have historically preceded market declines or times of price consolidation, particularly when they occur in tandem with waning buy-side momentum. Darkfost, a fellow CryptoQuant contributor, pointed out a significant…