Author: NBTC
Bitcoin slipped 5% below $65,000 Thursday, with the U.S. dollar resurging amid the Swiss central bank’s interest rate cut. XRP, FIL and ICP defied the slump, while SOL and AVAX declined. Bitcoin completed its correction by rebounding from $60,000 Wednesday and targeting “much higher levels” in the next phase of the uptrend, Swissblock analyst said. Bitcoin (BTC) slid lower Thursday amid a stronger U.S. dollar, giving up some of the advances from Wednesday’s spectacular bounce spurred by a dovish tone from the Federal Reserve. BTC dropped some 5% to as low as $64,600 by late afternoon UTC hours from above…
The crypto bull market may be driving a renewed interest in non-fungible tokens (NFTs). According to DappRadar, the NFT sector has seen a 50% surge in trading volume for the first quarter of this year, generating $3.9 billion in revenue. These findings indicate this has been the strongest quarter for NFTs since Q1 2023. NFT hype is also sparking mainstream interest. Web3 quests in particular are gaining traction, as these interactive games are being implemented at different events this year. Quests Drive Engagement Using Web3 Elements A blog post from growth platform Intract explains that Web3 quests blend gaming elements…
Ethereum L2s record new highs in terms of transactions per second. Gas fees on Ethereum L2s are slashed by 99% after the Dencun Upgrade. Anticipation mounts over the ETH’s classification and the pending SEC’s verdict on spot Ethereum ETFs. The sentiment surrounding Ethereum and Ether (ETH) is now a mix of optimism and criticism. Metrics displayed by the largest smart contract-led ecosystem’s layer-2s (L2s) reflect a bullish outlook, while certain circumstances provoke fear, uncertainty, and doubt (FUD). Especially the question: Will ETH lose its value accrual amid the L2 fragmentation? Let’s take a closer look at the L2 ecosystem and…
Pantera Capital’s Liquid Token Fund, with assets totaling around $300 million, reported a 66% gain in the first quarter. This was largely driven by investments in cryptocurrencies like Solana while reducing its stakes in Bitcoin and Ethereum-related assets. According to Bloomberg, altcoins such as RBN, Aevo, and STX also contributed to this impressive first-quarter performance. During the same period, Bitcoin saw a 67% increase, hitting a peak of $73,798 by mid-March, only to experience a slight decline thereafter. In contrast, Solana’s value nearly doubled. Prices for Bitcoin and Solana were recorded at $67,540 and $174, respectively, at last check on…
Just hours to go until the Dencun upgrade goes live on Ethereum mainnet, the tokens of layer-2 scaling solutions like Arbitrum, Optimism, and Polygon have all seen hefty gains. Arbitrum is the only one to have seen double-digital gains as the Ethereum community counts down the minutes to Dencun. Its ARB token has risen 11% in the past day and 7.5% compared to this time last week. ARB rose as high as $2.25 early Wednesday morning, but has since settled to $2.20 at the time of writing. Arbitrum is one of the largest layer-2 Ethereum scaling solutions, with a total…
The Ripple versus SEC saga continues to stir controversy within the cryptocurrency community, with the latest focus falling on divergent views regarding former SEC chief William Hinman. Hinman’s role in shaping regulatory perceptions of digital assets has sparked heated debate, particularly within the XRP community. A recent social media exchange involving Miles Jennings, General Crypto Counsel at a16z, ignited discussions around Hinman’s legacy. Jennings defended Hinman’s contributions, praising his efforts to provide clarity on how cryptocurrencies could operate within existing securities laws. However, this viewpoint faced sharp criticism from XRP enthusiasts, who labeled Hinman as “corrupt” and called for accountability.…
Crypto.com and Adelaide Oval have integrated to enable the first ever crypto payments at an Australian stadium. Users will pay with crypto via Crypto.com Pay, with a AUD$10 cashback for first 1,000 transactions. The partnership also involves payments terminals provider DataMesh Crypto.com has announced a major partnership with Adelaide Oval, one of the top sporting grounds in Australia. According to details in a news release today, Crypto.com and Adelaide Oval have integrated to bring the first-ever crypto payments at a major stadium in Australia. Oval is the home of Australian Rules football club Adelaide Crows. Sports fans to pay via…
Bitcoin remains volatile, but some market calm is expected soon. Traders are pricing out the possibility of an ether ETF anytime soon, QCP Capital says. Bitcoin (BTC) tested $66,000 during the Asian trading hours on Friday, as market observers expect the leading cryptocurrency to face more volatility ahead. “Bitcoin remains volatile with the drawdown of 10% we saw this week, with the recent catalyst being driven by spot bitcoin ETF outflows from GBTC of about 300mm on March 20,” Semir Gabeljic, Director of Capital Formation at Pythagoras Investments, said in an email interview. “The drawdown still remains in line with…
Savvy commodity trader Peter Brandt has posted another Ethereum-themed tweet. This time, however, it was not so harsh as the one the trader posted earlier today when he labelled ETH a “junk coin.” The legendary trading expert tweeted that since he is a chart-based swing trader, believing ETH to be junk would not stop him from “taking a leveraged long position in ETH if the charts so indicated.” A chart is a chart, he added. As a post note, I am a chart-based swing trader. I would not hesitate taking a leveraged long position in $ETH if the charts so…
TRON DAO and Token Terminal collaborate to integrate TRON network data. The integration enhances the analysis of TRON’s on-chain activity. Tronix (TRX) was selected for inclusion in the MarketVector™ Token Terminal Fundamental Index Suite. TRON DAO and Token Terminal have joined forces in a groundbreaking collaboration, integrating TRON network data into Token Terminal’s analytics suite. Additionally, TRON’s native token, Tronix (TRX), has been selected for inclusion in the MarketVector™ Token Terminal Fundamental Index Suite, marking a significant milestone for the TRON ecosystem. TRON Network and Token Terminal integration Token Terminal, renowned for its sophisticated data analytics tools, will now incorporate…