Author: NBTC

Ethereum ETFs approved as SEC gives shocking green light to applications Bipartisan US lawmakers earlier urged SEC Chair in a letter on Thursday to give the green light. Ethereum may rally more than Bitcoin did following ETF approval. Ethereum (ETH) bounced back after a brief dip on Thursday as the Securities & Exchange Commission (SEC) approved spot ETH ETFs in a shocking U-turn. US lawmakers had earlier penned a letter to Chair Gary Gensler, urging him to approve the ETFs. Hong Kong regulators are also discussing whether issuers can offer ETH staking to investors. Also read: Ethereum bulls await ETF…

An Arkham Intelligence report shows which entities are now on the top 10 list of SHIB holders, and who holder number one is. Meanwhile, cryptocurrency whales have transferred billions of SHIB between exchanges. Largest SHIB holder on market revealed Arkham Intelligence has shared that in first place on its list of the top SHIB holders sits none other than the burn SHIB address. It holds 410,418,816,901,215.06 SHIB evaluated at more than $10 billion. That is 41% of the entire Shiba Inu supply. Centralized crypto exchange Crypto.com sits in second place, holding 37,570,344,005,265.1 – 3.76%, worth $968,560,000 million in fiat. This…

Financial authorities in South Korea are prohibiting universities from opening corporate accounts for coin transactions. This is resulting in their inability to convert cryptocurrency donations provided by certain crypto businesses into cash. Local outlet Chosun Ilbo reported Monday that financial authorities are concerned that corporate accounts, unlike individual accounts with real names attached, can be used for money laundering more easily due to the lack of individual verification. The Korean Financial Intelligence Unit (KoFIU) and the Ministry of Education are reportedly expected to uphold their position on prohibiting universities from opening corporate accounts for coin transactions. South Korea Universities Stuck…

Key Points: KuCoin Convert delists Polyhedra’s ZK token. Polyhedra and zkSync conflict over the same ticker code. Polyhedra brands zkSync a “robber” for using their ticker code. KuCoin delists Polyhedra’s ZK token amid a scandal over the token ticker ‘ZK’ being claimed by both Polyhedra and zkSync. Bybit has adjusted the ticker symbol. KuCoin Delists Polyhedra’s Token Amid Battle For ‘ZK’ Token Symbol In a recent announcement, KuCoin Convert will be delisting Polyhedra’s ZK token at 8:00 on May 31, 2024 (UTC). After the delisting, users will no longer be able to trade this token on KuCoin Convert. However, on…

The collaboration between Artfi and Sui will symbolize the fusion of creativity in an enchanting way. It is with great enthusiasm that Artfi announces its association with the Sui Network, depicting a big step in the fanciful journey of redefining the art marketplace. The new collaboration will give a youthful outlook to the global art investment arena and showcase the novel application of blockchain technology. The Sui blockchain network is undoubtedly a trendsetter in terms of digital asset management. Sui objects are conceptualized with illustrious attributes like UID attributes, visible attributes, customization, flexible ownership, composability, and immutable objects. Objects on…

Matt Hu, CEO of cryptocurrency analysis company Blofin Research, offered an in-depth look at the potential future of the Bitcoin price after the halving in a recent analysis. Hu noted that the recent launch of Bitcoin Spot ETFs is a significant development. These ETFs offer US institutions a direct and effective way to invest in Bitcoin, unlike previous methods. While some of these funds could flow into other cryptocurrencies, Hu believes the ease of investing in Bitcoin through ETFs could potentially increase its price in the long run. Hu noted that market sentiment in the cryptocurrency sector is currently high,…

Despite the US Securities and Exchange Commission (SEC) granting historic approvals for eight Ethereum-based exchange-traded funds (ETFs), Ethereum has not breached the $4,000 mark. Following the SEC’s decision, Ethereum’s (ETH) price spiked to nearly $3,900 but quickly receded to approximately $3,720. As of this writing, the price has somewhat stabilized, hovering around $3,800. Ethereum ETFs: Sell the News? Ethereum, ranking second in market capitalization among cryptocurrencies, recorded a modest 0.65% increase in the last 24 hours. Over the previous week, however, it gained more than 28%, reflecting some market optimism. Despite these gains, the anticipated push past the $4,000 threshold…

Starting this Saturday, cryptocurrency trading platforms wishing to offer their services in Hong Kong will no longer be able to use the “grace period” set by the local regulator. If they have not obtained a license or applied for one by June 1, they will be committing a criminal offense. Hong Kong’s SFC has issued a statement reminding the public that the “non-contravention period” for virtual asset trading platforms (VATPs) operating in Hong Kong will end on June 1, 2024. The regulator emphasized that all VATPs must be either licensed by the SFC or “deemed-to-be-licensed” VATP applicants under the Anti-Money…

OKX, a leading global cryptocurrency exchange, is preparing to launch mining of ULTI (Ultiverse) tokens through the OKX Jumpstart Mining platform. Cryptocurrency Exchange OKX Launches ULTI (Ultiverse) Token Mining The event will start at 09:00 on June 3, 2024 and end at 09:00 on June 6, 2024. Bitcoin (BTC) and Ethereum (ETH) holders must stake their BTC and ETH to mine ULTI tokens. In the Jumpstart event, which does not have a minimum stake amount per person, the maximum amount of BTC that can be staked per person is 0.3 BTC and the limit for ETH is 3.5 ETH. 150,000,000…

Orderly Network recently made an announcement about a new expansion that is taking its omnichain services to the Mantle Network. This network is widely known as it brings in Ethereum’s Virtual Machine (EVM) compatible scalable modular Layer 2 (L2) solution. It is expected that this will greatly improve trading for traders, protocols and developers within the Mantle ecosystem. 1/ Orderly has just landed on @0xMantle!🔥 Unlock the power of Orderly-powered perpetuals on Mantle!Traders on Mantle, can now tap into one of the deepest liquidity sources for decentralised perps with CEX like execution, and gas-less tradingRead: https://t.co/twYvnkXmU7 pic.twitter.com/WzVz8lsiLe — Orderly Network…