Author: NBTC
Lido has announced a strategic partnership with Mellow Finance and and Symbiotic, aiming to enhance the utility and liquidity of staked ETH (stETH) through advanced DeFi vaults. This announcement has caused Lido DAO (LDO) and Lido Staked ETH (stETH) prices to jump significantly. This partnership forms the Lido Alliance, which seeks to provide stETH holders with robust security, increased rewards, and innovative staking opportunities. The partnership details Lido’s collaboration with Mellow Finance focuses on providing advanced DeFi vaults, enabling stETH holders to restake their tokens, receive Mellow Vault LRTs, and earn additional staking rewards based on their Vault’s Curator Strategy.…
Legendary trader Peter Brandt has recently updated his outlook on the Ethereum (ETH) price chart, highlighting a worrying pattern. Thus, Brandt has identified a controversial head-and-shoulders top formation, which is typically seen as a bearish indicator, suggesting that the price may soon fall. This pattern usually signals a reversal from a bullish trend to a bearish one, often resulting in a significant drop in price. Despite identifying this bearish pattern, Brandt stressed that he is not short on cryptocurrencies. This is particularly interesting given that just a month ago, in early May, Brandt announced that he was officially short on…
Hong Kong’s foray into the virtual asset ETF market faces challenges, as traditional banks exercise caution amid regulatory concerns and talent shortages. Over a month since the listing of Hong Kong’s virtual asset spot ETF, banks have yet to participate in distribution. Chris Barford, Head of Financial Services Consulting at Ernst & Young Hong Kong, attributed the hesitation among traditional banks to concerns over anti-money laundering (AML) and know-your-customer (KYC) regulations. Additionally, a lack of technical expertise further deters their participation in product distribution. While mainstream brokerages have distributed virtual asset spot ETFs, banks operate under different regulatory entities, requiring…
As revealed thanks to a report from Whale Alert, over 33.33 million XRP left the world’s largest crypto exchange, Binance, in an unknown direction over an hour ago for an unknown destination. Diving into the details of the transfer, it appears that XRP tokens worth a combined value of $16.28 million were withdrawn from the address identified as the Binance address to the address “rhWj9.” The latter is known, according to the Bithomp explorer, to have been activated earlier this year, with a transfer of nearly 4.17 million XRP, also from Binance. 🚨 33,333,329 #XRP (16,280,840 USD) transferred from #Binance…
During a recent interview with Bloomberg, Ledger Chief Experience Officer Ian Rogers opined that blockchain and AI are actually two sides of the same coin: “I think that AI and blockchain are two sides of the same coin. AI brings digital abundance, and blockchains are fundamentally about digital scarcity. We are already living in a world where you are looking at web pages that were made by AI that, you know, was fed by Web pages that were made by AI” he said. Rogers predicts that the blockchain technology will be useful for determining the authenticity of various content that…
According to what was stated by CryptoQuant, the trend of Bitcoin’s price remains bullish, despite everything. For the same reasons, Ethereum also appears to be still bullish. The accumulation of Bitcoin: latest bullish signal The whales The retail The wall at $70,000: Is Bitcoin still bullish? The accumulation of Bitcoin: latest bullish signal Everything starts from an analysis of the so-called accumulation addresses. Growth Surge in #Bitcoin and #Ethereum Accumulation Addresses: What It Means for the Crypto Market“This phenomenon indicates that even with Bitcoin and Ethereum experiencing price stability, investor sentiment remains bullish” – By @CrazzyblockkLink👇https://t.co/Tmmv9cIadl — CryptoQuant.com (@cryptoquant_com) May…
Despite the United States Securities and Exchange Commission (SEC) granting approval for a spot Ethereum ETF, the cryptocurrency world is still awaiting S-1 approval to usher in trading of the asset. Per a source in communication with the SEC, some comments are now anticipated this week. Nate Geraci, an analyst, in a post on X said that at least one of the several prospective issuers that filed an application will receive comments from the regulatory authority this week. Fwiw, at least one prospective spot eth ETF issuer anticipating SEC comments back on S-1 this week…Issuers would then file another round…
The FED has finally announced its eagerly awaited interest rate decision. As expected, the FED left interest rates constant. Bitcoin experienced a decline of $1000 after the decision. This means the Fed’s benchmark interest rate will remain in the range of 5.25% to 5.5%, its highest level in 23 years, for about a year. All eyes are now on Powell, who will hold a press conference at 21:30. As Bitcoinsistemi.com, we will share this press conference with you immediately. Powell will likely talk about the decision and shed light on how the central bank views the overall economy. The market…
The BRC-20 token PUPS experienced a significant drop of about 40% in the past 24 hours and is now at a market cap of $348 million. Despite the recent plunge, trading activity remains high with a volume of $42.2 million, though this marks a decrease of 6.10% from the previous day, according to data from CoinGecko. PUPS reached its peak price of $95.02 on April 13, 53.5% higher than its current price. Its lowest recorded price was $0.03513 on Jan. 26. Since then, the token’s value has surged by over 125,000%. Over the past week, PUPS has risen by 18.4%,…
The landscape of global finance is undergoing a seismic shift, and Chainlink, a leading player in the cryptocurrency space, has recently shared insights that paint a comprehensive picture of this transformation. According to a detailed industry report from consultancy firm Roland Berger, by the year 2030, a significant portion of the world’s value transactions is projected to occur through digital assets. This transition points towards an evolving financial ecosystem that is increasingly leaning towards the digitalization of assets. The report, supported by Chainlink’s analysis, underscores a projected market opportunity worth an estimated $10.9 trillion in real-world asset tokenization by 2030.…