Author: NBTC

Rocket Pool price has surged 29% in the past 24 hours to break above $6, with this coming amid a 150% spike in open interest. As several altcoins rose alongside Ethereum (ETH), holders of the native token of decentralized Etherum staking protocol Rocket Pool (RPL) witnessed an impressive 29% price increase. The 24-hour gains extended the uptick from support below $5 for RPL. Notably, the liquid staking protocol’s gains came with a massive 800% increase in daily trading volume. Data from Coinglass also showed Rocket Pool commanding a 150% jump in open interest. OI is a metric analysts use to…

AltLayer, a prominent Rollup-as-a-Service platform, has recently announced its latest partnership with T-Rex, a unique blockchain platform. The collaboration aims to onboard 3.5B consumers into the Web3 ecosystem via Orbit tech infrastructure of Arbitrum. The platform took to social media to reveal this development. AltLayer and T-Rex Join Forces to Onboard 3.5B Consumers to Web3 As a part of this collaboration, AltLayer will work as a rollup infrastructure platform and technical advisor for T-Rex. It will enable ultra-rapid deployment of the T-Rex-based apps without any downtime while offering secure settlement and auto-scaling. By utilizing the customizable and modular rollup technology…

Bloomberg analyst Mike McGlone believes that the $100,000 level could be a potential price ceiling for Bitcoin, the leading cryptocurrency by market capitalization. This essentially means that the flagship coin could struggle to meaningfully rise above the aforementioned level in the future. McGlone believes that excessive speculation has likely reached its peak in the crypto market. He believe that gold could be a more favorable asset due to investors retreating from safe haven assets. After touching the much-coveted $100,000 level, Bitcoin is now underperforming gold once again. If a safe haven like gold is outperforming equities and crypto, this might…

Rektguy didn’t mint out its free NFTs on the Ethereum blockchain in 2022—but three years later, the brand has become incredibly familiar with the phrase “sold out,” with the Rekt Drinks brand clearing out successive drops and reaching more and more consumers along the way. The brand, which weathered a brutal crypto bear market thanks in part to the strength of its fervent community, has now sold more than 600,000 cans of Rekt Drinks, a non-alcoholic, flavored sparkling water that comes in a variety of different flavors. And this week, the brand earned placement at 7-Eleven, starting with a trio…

Ethereum is holding firm above the $2,700 mark, supported by a wave of fresh capital flowing into U.S. spot exchange-traded funds and growing optimism in the derivatives market. Ethereum (ETH) is trading at about $2,756 at press time, down 1.2% in the past day but still up 13% for the month. The asset has fluctuated between a weekly range of $2,419 and $2,869, indicating a struggle between bulls and bears in the face of changing market conditions. A major driver behind Ethereum’s resilience is the strength of spot ETF inflows. According to SoSoValue data, U.S. Ethereum ETFs saw net inflows…

This is a segment from the Empire newsletter. To read full editions, subscribe. The stablecoin company Circle is a highly anticipated IPO, and we know now that BlackRock’s very interested, per a Bloomberg report, and we have an idea behind potential pricing. This one is an interesting hybrid of crypto and TradFi. On Tuesday, I wrote that the stablecoin issuer is really close to the finish line, but I hadn’t realized just how close until I caught up with Jay Woods, Chief Global Strategist at Freedom Capital Markets. I know Woods from my days as a reporter on Wall Street,…

Cardano to showcase Veridian identity platform at Zug blockchain conference. CEO to discuss AI-blockchain convergence in keynote on decentralized infrastructure. ADA trades at $0.6860 with intraday volatility amid market uncertainty and conference news. The Cardano Foundation is preparing to participate in one of Switzerland’s premier blockchain gatherings, the Crypto Valley Conference, taking place in Zug. As a Platinum Sponsor, the Foundation will lead two high-level sessions focused on decentralized identity and the convergence of blockchain with artificial intelligence. These presentations aim to highlight Cardano’s ongoing infrastructure development and engagement with practical use cases for decentralized technology. 4/ Both of these…

Australia Securities and Investments Commission (ASIC) has banned a financial adviser for ten years over a crypto scam. In a recent media release, the regulator alleged that Glenda Maree Rogan misappropriated client funds with scam crypto investments. According to ASIC, Rogan transferred AU$14.8 million (worth around US$9.6 million) of clients’ funds to a crypto investment scam, The Financial Center. This happened between March 2022 and June 2023 while she was a financial adviser and account for the Fincare group of companies. She was also an authorized representative of Private Wealth Pty Ltd and misled clients about the nature and risks…

Statechains are an original second layer protocol originally developed by Ruben Somsen in 2018, depending on the eltoo (or LN Symmetry) proposal. In 2021 a variation of the original proposal, Mercury, was built by CommerceBlock. In 2024, a further iteration of the original Mercury scheme was built, Mercury Layer. The Statechain protocol is a bit more complicated to discuss compared to other systems such as Ark or Lightning because of the range of variations that are possible between the original proposed design, the two that have been actually implemented, and other possible designs that have been loosely proposed. Like Ark,…

An analyst who accurately called the November 2021 crypto bull cycle top is predicting fresh record highs for Bitcoin (BTC) this month. Pseudonymous analyst Pentoshi tells his 866,100 followers on the social media platform X that Bitcoin’s weekly chart shows that BTC demand is significantly outpacing supply, resulting to higher prices. The trader says he seeing “insatiable” demand for Bitcoin from firms in the traditional finance (TradFi) world, leading him to believe that bullish continuation is on the table for BTC. “Demand > supply A picture is worth 1,000 words Feel like we see around $120,000 this month.” Source: Pentoshi/X…