Author: NBTC
The introduction of key exchange-traded funds or ETFs is a clear validation of a maturing crypto market. In 2024, the market buzz isn’t restricted to BTC and ETH ETFs. Instead, there is growing speculation around a host of ETF introductions, including a Solana ETF. This Solana ETF guide details all the elements associated with this prospect, including the top applicants, the creation-redemption process, and more. Solana ETFs have not yet been approved in the U.S. Yet their global presence, including across the Toronto Stock Exchange and Deutsche Borse, has birthed numerous discussions around this potential. By the end of this…
The crypto market just witnessed a steep decline, noted as the worst drop since 2021. However, investors are keeping a close eye on some altcoins, mostly DeFi tokens, which are already showing a remarkable recovery despite still being in the dip. Altcoin king Ethereum is leading a price recovery, resulting in a potential resurgence in decentralized finance, termed “DeFi Summer 2.0.” Due to their market strengths, AAVE, MKR, COMP, RPL, TAO, TIA, and OP are positioned as key players. Technical analysts predict significant growth potential, with optimism driven mainly by the recent recovery. Ethereum: The Backbone of DeFi Ethereum continues…
SoonVerse has announced a new partnership with Zesh, an innovative AI-powered SocialFi suite of tools. Zesh leverages zkML technology to tackle one of the biggest challenges in Web3. It also fosters genuine community growth and engagement. 💥 𝐄𝐱𝐜𝐢𝐭𝐢𝐧𝐠 𝐏𝐚𝐫𝐭𝐧𝐞𝐫𝐬𝐡𝐢𝐩 𝐰𝐢𝐭𝐡 𝐙𝐞𝐬𝐡 💥@ZeshApps is a unique AI-powered SocialFi suite of tools, leveraging zkML to solve one of the biggest problems in Web3 – genuine community growth and engagement.𝐇𝐞𝐫𝐞 𝐢𝐬 𝐡𝐨𝐰 𝐭𝐡𝐢𝐬 𝐩𝐚𝐫𝐭𝐧𝐞𝐫𝐬𝐡𝐢𝐩… pic.twitter.com/nQ8DcEr1Yx — SoonVerse❤️AIGG (@soon_verse) August 4, 2024 SoonVerse to Benefit from Zesh’s AI for Natural Growth This partnership is expected to bring several benefits to SoonVerse. SoonVerse does not…
Many analysts are focusing on the bearish slump on the market as Bitcoin has failed to breach the $62,000 resistance level in recent times. However, a number of market whales are capitalizing on the market drawdown to stack up on the digital currency. At the time of writing, the price of Bitcoin is changing hands for $61,207.22, up by 0.31% in 24 hours. This discount has served as a major entry point for long-term buyers. Drawing on this, data from crypto analytics platform IntoTheBlock shows that despite market FUD, the net inflow into Bitcoin’s largest wallets reached its highest level…
Indonesia’s total tax revenue collected from digital economic activities is continuing on a growth trajectory spurred by a surge in cryptocurrency transactions. This comes as digital assets are gaining traction in the country, with more individuals turning to crypto to hedge volatility. Figures from the Directorate General of Taxes (DJP) at the Ministry of Finance show a steady month-on-month growth in tax revenue contribution from the cryptocurrency industry in June. Indonesia domestic investors show strong interest in crypto According to the DJP, the crypto sector recorded Rp798.84 billion or $49 million between May and June. This amount represents 3% of…
Today, the price of $MOG reached a record high. It marks a significant milestone in its trading history. This surge in price reflects increased investor interest and confidence in the token’s potential. In a notable transaction on the blockchain, address 0x7Afc withdrew a substantial amount of 528.9 billion $MOG tokens from the exchange Bybit. The total value of this withdrawal is approximately $1.1 million. The $MOG price hits a new all-time high today!0x7Afc withdrew 528.9B $MOG($1.1M) from #Bybit today.https://t.co/xiXROr3cxl0xE76c spent 709,884 $USDC to buy 284.2B $MOG today.https://t.co/DyTTjRUa2w pic.twitter.com/URvvKzxt3P — Lookonchain (@lookonchain) July 15, 2024 Address 0xE76c Buys 284.2 billion $MOG…
In the final stretch of several U.S. congressional primaries, crypto-backed campaign-finance efforts are trying to add to their lists of friendly members of Congress. The industry’s political action committees supported candidates in Tuesday’s primaries in Washington state and Missouri, and they devoted $1.4 million in the hopes of ousting a prominent Democrat in Missouri. Support for one Arizona Democrat may be paying off, with the Yassamin Ansari’s race moving to a recount with her still holding a 42-vote lead. After a very tight victory last week in Arizona that’s now facing a recount, the cryptocurrency industry’s political forces are shifting…
5 August 2024 — Tether Operations Limited, the largest company in the digital asset industry, and Xion Global, a Multi-Chain Web3 Crypto Payments Infrastructure provider, have announced a strategic alliance to promote blockchain education in South Africa. This initiative aims to deliver educational content and interactive activities on blockchain technology and its key use cases, positioning Tether as a major contributor to digital education in developing regions. This collaboration aims to enhance digital transaction capabilities in South Africa through Xion Global’s innovative solutions. By integrating with the Scan to Pay application, which is part of South Africa’s largest QR ecosystem,…
Spot Bitcoin and Ethereum exchange-traded funds in the U.S. recorded joint outflows for the first time on Aug. 2. Bitcoin ETFs see outflows of $237.4m The 11 spot Bitcoin (BTC) ETFs in the U.S. experienced a net outflow of $237.4 million at the end of the trading day on Friday, Aug. 2. This is the largest outflow from these investment products since the beginning of May when they experienced $563.8 million in outflows. Bitcoin ETF Flow (US$ million) – 2024-08-02TOTAL NET FLOW: -237.4(Provisional data)IBIT: 42.8FBTC: -104.1BITB: -29.4ARKB: -87.7BTCO: 0EZBC: 0BRRR: 0HODL: -23BTCW: 0GBTC: -45.9BTC: 9.9For all the data & disclaimers…
Solana meme coin dev, Mikol, was hospitalized with third degree burns in an attempt to pump his TruthOrDare (DARE) token. Now, after nearly two months of rehabilitation, he has started to outline the future of his project and eyes up his next dare: climbing Mount Everest. “We’re gonna go—me and the team—to base camp Mount Everest, and we’re going to stream it. The flights are already paid for,” Mikol told Decrypt on the ‘What’s the Meta?’ podcast. “We’re going to do a world tour. We’re gonna go to these different parts of the world, meet up with our community, [and]…