Author: NBTC
Coinbase launched Wrapped Staked ETH (cbETH), which aims to improve the management of Ethereum (ETH) assets and grant users unprecedented control over their holdings. cbETH’s use case means investors can buy, sell, or hold the token. Per Coinbase Help, users can wrap their staked ETH into cbETH without fees, offering a cost-efficient solution for asset management. However, standard fees apply to transactions or sales involving cbETH. According to its whitepaper, the conversion rate between ETH and cbETH determines the number of cbETH units obtained during the wrapping process. This rate isn’t fixed; it is driven by rewards earned on the…
After a week in which Bitcoin broke a new record in the cryptocurrency market and reached its all-time high above $70,000, interestingly, we are entering a week in which large amounts of lock openings will occur in many altcoins. It is also noteworthy that many of these altcoins are among the largest cryptocurrencies. Here is the token unlock calendar that we, as Bitcoinsistemi.com, have prepared specially for you. (All times are stated in UTC+3 Türkiye time) Internet Computer (ICP) Market Value: $6.50 billion Token Unlock Amount: $46.58 million (0.72% of market cap) Date: 11 March 2024, 03:00 Near (NEAR) Market…
Binance Futures is preparing to launch two new perpetual contracts to diversify trading options and enrich the user experience. Binance Futures Introduces USDC Collateralized LTC and NEAR Perpetual Contracts with Up to 75x Leverage These contracts will provide investors with greater flexibility and potential profit opportunities by offering leverages of up to 75x and 50x respectively. The LTCUSDC Perpetual Contract is scheduled to go live at 10:00 on April 11, 2024, and the NEARUSDC Perpetual Contract is scheduled to go live at 10:15 on the same day. With these additions, Binance Futures aims to meet the evolving needs of its…
The price of Bitcoin (BTC) collapsed to just $61,231 earlier today, according to CoinGecko data. The flagship cryptocurrency is down 17% from its all-time high. Yet, despite the severe price drop, the Bitcoin market sentiment remains in the greed territory. More than $505 million worth of long positions have been liquidated over the past 24 hours. Underwhelming ETF numbers The most recent drop coincided with Bitcoin exchange-traded funds (ETFs) posting their biggest outflows to date. On Tuesday, a whopping $326.2 million flowed out of these products. Grayscale’s GBTC appears to be the main bearish headwind with a staggering $443 million…
Pyth eyes cost savings in DeFi with new liquidation tool. In an interview with Crypto Briefing, Marc Tillement, Director at Pyth Data Association, shared insights into the role of Pyth Network within the decentralized finance (DeFi) space, its innovative approach to oracle services, and bold predictions for the crypto and DeFi sectors. Pyth’s journey and strategy Addressing VanEck’s report which speculated that Pyth could surpass Chainlink in total value secured, Tillement acknowledged Chainlink’s head start and its solid footing within DeFi. He pointed out that Chainlink’s success was bolstered by its integration with early DeFi protocols such as Aave and…
Ethereum’s value surged alongside Bitcoin’s rise past $70,000, reflecting positive market sentiment. Despite experiencing a correction after trading within a narrow range, Ethereum’s price hints at bullish momentum. If Ethereum maintains support above $3,472.75, it could test resistance levels at $3,666.11 and $3,881, while a trend reversal may lead to testing support at $3,274. Ethereum recently gained value as Bitcoin surged past the $70,000 level. This surge in Ethereum’s price comes as the highly anticipated Bitcoin Halving event draws closer, with the consolidated market sentiment suggesting a rise in the number of Hodlers, highlighting a positive outlook for the crypto…
LEASH is a promising token for dog coin enthusiasts and investors who want to support the Shiba Inu ecosystem. Doge Killer (LEASH) is a cryptocurrency that is part of the Shiba Inu (SHIB) project, which is often called the “Dogecoin (DOGE) killer” because of its huge popularity. SHIB is the second most famous dog-themed coin in the crypto world and aims to be the Ethereum (ETH)–based alternative to Dogecoin’s Scrypt-based mining algorithm. There is also another dog coin in the Shiba universe, called Bone ShibaSwap (BONE), which can be traded on its own ShibaSwap decentralized exchange (DEX). LEASH, BONE and…
The world’s largest cryptocurrency exchange, Binance, is nearing a decision on its official headquarters, a topic rife with speculation in the crypto sector. CEO Richard Teng has indicated that the exchange is in talks with several jurisdictions. It aims to find a location that meets its operational and regulatory requirements. What Challenges Binance Face While Selecting a Headquarters At Paris Blockchain Week, Teng highlighted the complexities of choosing a headquarters. He pointed out that the decision involves more than picking a country. It requires careful consideration of regulatory frameworks, tax implications, and strategic value for Binance’s diverse product lineup. “There’s…
Uncertainty is mounting in the crypto market ahead of this week’s Federal Open Market Committee (FOMC) meeting. Data from CoinGecko shows that Bitcoin (BTC) hit a low of $61,500 on Tuesday before bouncing back above $62,000 during the day. At the time of writing, BTC is trading at around $62,800, almost 15% lower than its record high of $73,700 set last Thursday. All eyes are set on the Fed’s interest rate decision in the next hours, which could affect Bitcoin’s price action. According to updated estimates from the CME FedWatch Tool, there is a 99% likelihood that interest rates will…
The odds of Ethereum exchange-traded funds (ETFs) being approved this May remain low, according to leading ETF analyst Eric Balchunas. According to a recent report by Barron’s, several ETF issuers have had meetings with the SEC regarding Ether ETFs. However, the regulator has yet to provide these companies with much-needed feedback. The SEC was engaging in a consent “back-and-forth” on the cusp of greenlighting Bitcoin ETFs earlier this year. However, it is not willing to actively engage with ETF issuers this time around, with discussions being mostly one-sided, according to a recent report by Barron’s. card The SEC is supposed…