Author: NBTC

Leveraged MicroStrategy exchange-traded funds are firing on all cylinders as inflows and their stocks surge. MicroStrategy ETFs surge The Defiance Daily Target 1.75x Long MSTR ETF and the T-Rex 2x Long MSTR Daily Target funds have soared by 28% and 31%, respectively, in the last five days. MSTX and MSTU have also added over $207 million and $300 million in assets this year. These ETFs have outperformed MicroStrategy stock, which has risen by 16.1% in the last five days. The three assets continued their strong performance on Monday, Oct. 14, as Bitcoin (BTC) and other cryptocurrencies rebounded. MicroStrategy shares jumped…

Linqto, a well-known firm that allows investment in companies pre-IPO, has sparked a conversation about XRP potentially reaching the lofty price of $1,000. In a post on X today, Linqto polled XRP proponents on how they would react if XRP skyrocketed to $1,000. The post aims to gauge popular opinions among XRP enthusiasts regarding their potential responses to such a price surge and how they might choose to spend their newfound wealth. “Cry Happy Tears” Linqto’s inquiry attracted significant attention from members of the crypto community, with many suggesting various ways they would respond to the dream of a $1,000…

As expected, X Empire—a Telegram tap-to-earn game that has amassed more than 50 million players—has completed its latest mining phase, shutting down the game ahead of next week’s X token launch on The Open Network (TON). The brief “Chill Phase” of X Empire lasted just over two weeks, giving players a last chance to earn a larger share of tokens ahead of the planned airdrop on October 24. This isn’t the first time that X Empire has gone through this process. The game completed its original, monthslong mining phase on September 30, with plans for the X token launch to…

Mysten Labs has launched the public testnet for Walrus Protocol, a decentralized storage network designed to store large data files such as videos, audio, and images. The testnet, built on the Sui (SUI) blockchain, introduces several key features, including the ability to delete stored files, a staking system, and an explorer tool for users to search and manage data, according to a press release. Decentralized storage distributes files across multiple independent storage nodes rather than relying on a single company to store data (as with traditional cloud services), providing better security and resilience. Walrus Protocol uses a method that breaks…

Coinbase recently introduced cbBTC, a wrapped version of Bitcoin designed to integrate with decentralized finance (DeFi) applications on Ethereum and Base networks. This new product aims to expand Bitcoin’s utility beyond simple holding or trading, allowing users to participate in various DeFi activities without converting their Bitcoin to other cryptocurrencies. cbBTC is backed 1:1 by Bitcoin held in Coinbase’s custody, enabling seamless transfers between Bitcoin and Ethereum or Base networks. Users can now engage with popular DeFi platforms like Uniswap, Aave, Compound, and Curve using their Bitcoin holdings. The launch of cbBTC marks a significant step towards creating a more…

Base, Ethereum’s Layer 2 (L2) scaling solution, has reached a new milestone, becoming the largest L2 network by Total Value Locked (TVL). According to the latest data from DeFiLlama, Base has hit an all-time high TVL of approximately $2.5 billion, surpassing other Ethereum L2 solutions and establishing itself as the dominant force in the Layer 2 ecosystem. Base is now the Largest L2 ✈️@base has reached an all-time high in TVL of ~$2.5 billion, according to @DefiLlama, making it the largest Ethereum Layer 2.Aerodrome accounts for just over half of this TVL, servicing multiple liquidity needs for protocols and traders.…

Access Protocol has unveiled significant upgrades to its creative tools, Sketch 2.0 and Scribe 2.0, offering users improved functionalities for NFT creation and content publishing. These integrated tools enable artists and writers to streamline their creative processes, making the tasks of minting NFTs and sharing content faster. The platform aims to provide all essential features in one accessible location, enhancing user convenience. Both Sketch 2.0 and Scribe 2.0 are Live and Integrated with Access Protocol Hub! 🌈These upgraded tools make creating, minting NFTs, and publishing content faster and easier—all in one platform. Whether you’re an artist or writer, everything you…

Ethereum (ETH) has surged above $2,500, now testing a critical supply level that could spark a massive rally for both ETH and altcoins. After several days of anxiety and uncertainty, yesterday’s market surge has reignited optimism across the crypto space. Investors and traders are closely watching Ethereum’s price action, as a break above this crucial zone could signal the start of a significant upward trend, potentially setting the stage for an Altseason. Top analysts and investors await confirmation that ETH is poised to rally soon. Carl Runefelt, a well-known analyst and investor, has shared his technical analysis on Ethereum, suggesting…

Crypto software provider Talos Trading is reportedly set to double its workforce in the Asia-Pacific region, capitalizing on the area’s regulatory landscape. Talos Trading, a crypto trading software provider based in New York, is set to double its workforce in the Asia-Pacific region over the next year in a bid to capitalize on the area’s evolving regulatory framework. Samar Sen, head of Talos’ APAC division, told Bloomberg in an interview that Asia‘s regulatory clarity in markets like Hong Kong, Singapore, and Japan has made it a key growth area, noting that “Asia punches above its weight in terms of contribution…

In a significant development within the cryptocurrency landscape, a newly created wallet made major transactions in the past hour, moving large amounts of two tokens: Pepe (PEPE) and Mog Coin (MOG). Someone created a new wallet and withdrew 121.7B $PEPE($1.06M) from #Binance and 421.74B $MOG ($599K) from #Bybit in the past hour.https://t.co/R4madkDP68 pic.twitter.com/vye82FZtX9 — Lookonchain (@lookonchain) September 26, 2024 This transaction sparked interest in the crypto community and has initiated the discussion about over $1.6 million tokens that have been transferred out of Binance and Bybit exchanges. Details of the Transactions A report from Lookonchain states that the new wallet…