Author: NBTC
XRP, the native cryptocurrency of the XRP Ledger, has performed extraordinarily well in the past few days as bulls have taken control of the digital asset’s price trajectory. Notably, the 24-hour trading volume of the altcoin surpassed that of Solana (SOL), with the crypto community expecting a bullish move in the near future. According to data from CoinMarketCap, the trading volume of XRP stands at $3.26 billion, up 47.27% in the last 24 hours. In contrast, Solana (SOL) trading volume is $2.97 billion, up 17.14% in the same period. SOL is the fifth-largest digital asset with a market cap of…
The X account of Binance’s former CEO, Changpeng Zhao, has apparently become active again and has followed a Solana news account, despite Zhao being in prison. Federal inmates are prohibited from using mobile phones. Indeed, for the most part, he seems to have stuck by this and has not posted anything since May 22. His X account following @solananew, however, brings this into question and raises questions about how it could’ve happened. To begin with, Zhao may have been able to acquire a mobile phone in prison and log into his account. Prisoners smuggling phones into prison is a commonly…
The Base Layer 2 (L2) network has seen massive capital inflows in the past 24 hours, driven by bullish sentiment after Coinbase’s Q2 earnings beat expectations. The L2 network is built on Ethereum and utilizes Optimism’s OP Stack to offer users high security, scalability, and interoperability. When Base debuted, Coinbase said exchange users would access the crypto ecosystem via Base’s intuitive interface. This marked an important development in Coinbase’s business model, elevating it from a centralized crypto exchange to a Web3 gateway. Coinbase Q2 Earnings Inspire Base TVL Surge Base Total Value Locked (TVL) soared by $11 million in the…
Crypto Face shorts $5 million in Bitcoin, setting a liquidation point at $64,500 amid a bearish market. Bitcoin faces pressure as miners sell 30,000 BTC and ETFs see $1 billion outflows in June. Despite short-term volatility, analysts predict Bitcoin could surpass $100,000, boosting Crypto Face’s portfolio. Anonymous streamer known as Crypto Face has placed a $5 million short position on Bitcoin. This trade comes with a liquidation point set at $64,500. Crypto Face, who holds the world record for the most profitable cryptocurrency trade ever live-streamed, has taken a significant risk amidst a bearish market for Bitcoin. 🚨🚨BREAKING NEWS🚨🚨ANONYMOUS STREAMER…
Grayscale’s Ethereum Trust (ETHE) has seen a notable reduction in outflows during its second week of trading, following a $1.5 billion outflow in the initial week. According to blockchain analysis firm Arkham Intelligence, ETHE experienced an 80% drop in outflows as the second week progressed. Why Grayscale’s ETHE Outflows Declined On July 29, approximately 108,800 ETH, worth $367.6 million, was withdrawn from ETHE to Coinbase. By August 2, this had slowed to about 24,9000 ETH, valued at around $78.4 million. Coinbase analysts suggest that the ETHE outflows were declining because they might have been front-loaded compared to earlier trends observed…
Bloomberg’s senior analyst, Eric Balchunas, predicts a surge in the popularity of crypto exchange-traded funds (ETFs) following the introduction of Ethereum ETFs. Indeed, Balchunas believes a Solana ETF could be the next to hit the crypto market following. Solana ETF in the Spotlight The SEC has extended its decision on the Ethereum ETF trading approval from July 18, 2024, to July 23, 2024. This delay has sparked further discussions within the crypto community. Balchunas shared his thoughts on X. He emphasized that the approval of an Ethereum ETF could pave the way for other crypto ETFs, with Solana potentially being…
With six months remaining before the European MiCA Regulation’s provisions on crypto-asset services take effect, the Autorité des Marchés Financiers (AMF) has begun accepting applications for authorization to operate as a crypto-asset service provider. This authorization will be required from 1 July 2024. The European MiCA Regulation will come into force on 30 December 2024, requiring all market participants who wish to offer crypto-asset services within the European Union to obtain prior authorization. The regulation covers ten specific services: managing and safeguarding crypto-assets for clients; running a crypto-asset trading platform; converting crypto-assets to funds; swapping crypto-assets for other crypto-assets; executing…
Catch up on this week’s biggest crypto and NFT gaming news and find some weekend reads in our latest roundup. The crypto and NFT gaming space is busier than ever lately, what with prominent games starting to release, token airdrops piling up, and a seemingly constant array of other things happening at all times. It’s a lot to take in! Luckily, Decrypt’s GG is all over it. And if you need a quick way to get caught up on the latest moves around crypto video games, we’re happy to present This Week in Crypto Games. Our weekend roundup serves up…
Validation Cloud has announced support for Stellar, storing a complete history of the network and allowing developers to query transaction details, account states and more. This will aid other services from the Stellar Development Foundation geared towards offering historical records, such as Horizon, whose historical data is limited to just one year. Validation Cloud, a node and staking service provider for Web3, has announced support for Stellar, making it easier and more convenient for developers to query the network for historical data. Validation Cloud announced the integration on Thursday, and SDF President Danelle Dixon commented that it would “make it…
Bitcoin, the world’s largest cryptocurrency, exceeded the $60,000 mark once again this week, after falling below the $60,000 level for the first time since May 3. Despite this recovery, chart analysts see no buying signals and suggest that Bitcoin could begin another decline at current levels that would be more “damaging.” “Moderation has continued since March and trading can be considered under pressure below the $66,000 resistance,” Oppenheimer analyst Ari Wald said, referring to BTC’s 50-day moving average. Bitcoin has been stuck in a narrow range between $60,000 and $70,000 since mid-March, when it hit an all-time high. Current market…