Author: NBTC
A custom Minecraft game server acts as both a key meeting place and an immersive, philosophical art piece at the center of Milady Maker—one of Ethereum’s most popular and subversive NFT projects. Built around rich theories on the modern world and micro-communities full of lore, the Milady Minecraft server or “Miladycraft” was created by holders of the Remilia Corporation NFT projects (like Milady Maker and Redacted Remilio Babies) for members to enjoy. But it’s more than just a place to hunt for diamonds and build dirt huts in a blocky voxel environment. According to the server founders, Miladycraft is an…
As Bitcoin (BTC) continues to consolidate in the zone around $60,000, the status quo could potentially extend for another several months, considering that the relative strength index (RSI) of the flagship decentralized finance (DeFi) asset has hit its most oversold level in over 300 days. Specifically, Bitcoin has just hit the RSI of 30, which last time happened in September 2023, preceding a period of over three months of consolidation just below the key resistance at $30,000, according to the observations shared by pseudonymous cryptocurrency analyst Jelle in an X post on June 27. Taking this previous chart pattern into…
Since the 25th of July, Jump Trading (a quantitative trading platform), has reportedly deposited significant $ETH and other related tokens to centralized exchanges. Spot On Chain, a popular on-chain analytics platform, disclosed that the company has deposited up to $231M worth of $ETH tokens to CEXs in the past ten days. The analytics provider provided the details of this event on its official social media account. Jump Trading deposited $231M worth of $ETH to CEXs in the past 10 days!Since Jul 25, Jump Trading has:• redeemed 83,091 $wstETH ($341M) into 97,600 $stETH• unstaked 86,059 $stETH ($274M) from Lido Finance• then…
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…