Author: NBTC
Manta Pacific, a leading native Layer 2 (L2) modular blockchain within the Manta Network, has announced a groundbreaking advancement with the introduction of its MultiDA (Multiple Data Availability) framework. By integrating a suite of data availability (DA) layers including Celestia, EigenDA, NEAR’s Nuffle Labs, Avail, 0G, Nubit, and Dill, Manta Pacific is setting a new benchmark in network uptime, security, and user experience.—This pioneering MultiDA strategy enables Manta Pacific to dynamically select the most suitable DA solution based on factors such as availability, performance, and cost. The result is a more resilient and cost-effective L2 solution that ensures uninterrupted service…
U.S. spot Bitcoin ETFs have witnessed net outflows of almost $300 million in the past two days. The Bitcoin price has successfully reclaimed the $65,000 mark after it sank down towards $64,000 yesterday. The leading cryptocurrency is seemingly range bound between $65,500 and $64,000, according to analysts. Bitcoin’s short-term price movement will thus likely remain muted in the absence of any key catalysts. And the worrying trend of institutional investors selling their Bitcoin ETF shares from last week still persists. In the past two days, U.S. spot Bitcoin ETFs saw net outflows of $298 million, according to data analytics platform…
XRP whales have procured a whopping 550 million XRP in two weeks as smaller addresses sell off their bags, fueling speculation of a retail shakeout. Amid the market downturn, XRP is witnessing mixed sentiments across different tiers of investors. The behavior exhibited by these addresses has compounded speculation around a retail shakeout by institutions. Retail Investors Distribute 8M XRP XRP Liquidity, a community-based account tracking Ripple’s ODL operations and XRPL wallet activity, is at the forefront of this speculation. Citing data from Rich-List.info, the account recently revealed plans to prove the trend of institutional buyups and retail dumps. In a…
Oobit, an inclusive financial platform facilitating crypto users, has recently announced an exclusive integration with TRON Blockchain. The integration between Oobit and TRON Blockchain focuses on empowering consumers by permitting the transfer of TRON-based crypto assets via easy tap payments via more than 100M retailers worldwide. The platform took to its official X account to provide the details of this integration. https://t.co/WBDQ2UMdL7🚀 Thrilling News! 🚀 Oobit is collaborating with @trondao to integrate the TRON network as a form of payment with it’s incredible scalability and efficiency! 🌐💥 Get ready for a crypto experience with high throughput and low transaction fees.…
Bernstein, a renowned research and brokerage firm, has predicted that spot Bitcoin ETFs are nearing approval at major brokerages. The firm maintains its target of $200,000 for Bitcoin by the end of 2025. While some argue that spot Bitcoin ETF trading is “over”, Bernstein analysts believe they are ignoring two important factors. Arguments against Bitcoin ETF trading generally revolve around early allocations driven by individual investors, with institutional participation limited to underlying “cash and carry” trading rather than net long positions. This means ETF flows are not “real,” according to a note to clients Tuesday by Gautam Chhugani and Mahika…
The blue-chip NFT market signals a potential rebound, with Mutant Ape Yacht Club (MAYC) leading the surge in trading volume and price stability. Data from Blur.io reveals increased trading volume and price stability for MAYC, suggesting renewed investor interest. Other major collections like Bored Ape Yacht Club (BAYC) and CryptoPunks are also seeing similar trends, though at a slower pace. MAYC’s floor price has jumped 12.98% in the past week, while Bored Ape Yacht Club saw a 7.99% increase. Pudgy Penguins and Azuki, two other notable NFT collections, posted more modest gains of 5.85% and 2.28%, respectively. Several factors contribute…
Widely followed crypto pundit “Crypto Bitlord” boldly asserts that XRP is on the verge of experiencing something magnificent enough to impact prices. Crypto Bitlord, who has been in the space for over a decade, voiced this bullish sentiment in a recent post on X. Specifically, the post warned market participants that “something big is about to happen to XRP,” suggesting the need to strategically position for the impact. This bold claim comes amid XRP’s discouraging price performance since this bull season. For instance, after Bitcoin set the stage, prominent altcoins like Ethereum and Solana came close to surpassing their previous…
San Francisco — SKALE, the pioneering gas-free blockchain network, is thrilled to introduce SKALE Swell, a dynamic new platform designed to transform how millions of consumers engage with decentralized technology. Swell promises to revolutionize user onboarding and community interaction, making the Web3 experience intuitive, rewarding, and accessible for all.—As blockchain technology continues to advance, many new users find themselves overwhelmed by the complexities of decentralized systems, often leading to premature disengagement. SKALE’s Swell addresses this challenge head-on with a consumer-centric approach that simplifies interaction and discovery, all without incurring gas fees.”Swell is a pivotal step in our mission to create…
The stock market hits a new high as S&P 500 reaches its 20th ATH. Bitcoin drops from $73,000 to $63,000 amid bearish technical signals. SEC approval of spot ETFs has increased demand for Bitcoin among investors. The stock market is on a roll as Bitcoin navigates choppy waters. Unlike the top cryptocurrency (BTC), major indexes are showing impressive gains. For instance, the S&P 500 climbed by 13.80 points, reaching its 20th all-time closing high this year. Stock Market going up, #Bitcoin going down.The last time this happened, it took $BTC 15 days to reverse with an 80% pump.Will history repeat…
Shiba Inu enthusiasts push for a substantial reduction in SHIB’s hefty circulating supply through more burns. Shiba Inu’s official burn tracker, Shibburn, is exploring the idea of burning SHIB on Binance using the token’s trading fees, mirroring the exchange’s approach to LUNC incineration. Consequently, Shibburn questioned whether Binance could extend its burn support to Shiba Inu. Imagine @Binance burning from the $SHIB trading fees just like they do for LUNC. Could it happen? 🤔 https://t.co/am2EMIQMU4 — Shibburn (@shibburn) July 9, 2024 Community Demands SHIB Burn from Binance Shibburn raised the question after prominent community figure Lola made a polite request…