Author: NBTC
The crypto and NFT gaming space is busier than ever lately, what with prominent games starting to release, token airdrops piling up, and a seemingly constant array of other things happening at all times. It’s a lot to take in! Luckily, Decrypt’s GG is all over it. And if you need a quick way to get caught up on the latest moves around crypto video games, we’re happy to present This Week in Crypto Games. Our weekend roundup serves up the biggest news from the past week, along with a few other tidbits you might have missed. We also showcase…
Bitcoin’s price dropped over the weekend on the news of escalating tensions between Iran and Israel. Yet, while the market is filled with fear, the bullish trend may not be over yet. Bitcoin Price Technical Analysis By TradingRage The Daily Chart On the daily chart, Bitcoin’s price has been consolidating in the wide range between $60K and $70K. Following the recent drop, the cryptocurrency has tested the $60K support level. However, BTC has since rebounded and is currently moving toward the $68K resistance level once again. If the price successfully breaks above the level, market participants can be optimistic that…
Ethereum (ETH) price has soared to the $3700 level in the past 24 hours. The SEC’s recent announcement associated with spot ETH ETFs has increased its approval probability to 75%. The entire crypto market has leaned toward an upsurge, rising its valuation to $2.6 trillion. Bitcoin and the family of altcoins have experienced price hikes. Over the past 24 hours, Ethereum (ETH), is spearheading the bullish rally with a 17% surge in price and by breaking recent resistance levels. The largest altcoin witnessed a bullish rally after the SEC’s recent announcement on Spot ETH ETF 19b-4 filings. The Commission asked…
Dog-themed cryptocurrency Shiba Inu (SHIB) has triggered a 268% surge in whale activity amid a price rebound. Large transaction volume, which indicates whale activity, either buying or selling, increased 268.26% in the last 24 hours. The volume of large transactions, defined as those worth more than $100,000, was $98.12 million in monetary terms during the specified time frame. According to IntoTheBlock data, large transaction volumes increased dramatically, from 1.07 trillion SHIB on April 28 to 4.17 trillion SHIB on April 29. The increase in this whale measure follows a price rebound for Shiba Inu, which had been declining in the…
Prom has announced the full integration of BubbleFong Friends, a vibrant play-to-earn (P2E) project, into its ecosystem. BubbleFong Friends provides a unique and awesome experience from years of the best arcade puzzle games. It is created for young and experienced gamers. These games will not only promise entertainment but also help adopting greener and more sustainable P2E mechanisms to elevate the users’ engagement. Prom Integrates BubbleFong Friends Into the Ecosystem We’re happy to introduce you to @BubblefongGame, a vibrant P2E project inspired by classic arcade puzzle games. BubbleFong Friends offers fun gameplay suitable for gamers of every experience level and…
Bitcoin has shown resilience in comparison to the broader digital assets market, maintaining a dominance metric of 55.3%, the highest level since April 2021. In a recent note, Matteo Greco, a research analyst at digital asset investment firm Fineqia International, said that Bitcoin market cap dominance has hit its highest level in three years despite recent sell-offs and market volatility. He also noted that trading volumes have remained robust. BTC Spot ETFs recorded a weekly trading volume of approximately $16.2 billion, with an average daily volume of around $3.2 billion. Since its inception, the cumulative trading volume stands at approximately…
Critical decision week has arrived for spot Ethereum ETFs. Until this week, market analysts, including Bloomberg ETF analysts, thought there was little chance the SEC would approve spot ETH ETFs. Ethereum ETF Approval Possibility Increased! However, the ETF pessimism that lasted for weeks suddenly changed yesterday and the probability of the SEC’s approval of ETFs increased to 75% again. Blommberg ETF analysts Eric Balchunas and James Seyffart think it is much higher in their posts. “James Seyffart and I are raising our probability of spot Ethereum ETF approval to 75% (from 25% to 75%),” said Bloomberg Senior ETF Analyst Eric…
Ripple, the company behind the XRP Ledger (XRP) development, will unlock 1 billion tokens on May 1, worth $503.6 million. This is part of Ripple’s monthly sell-offs, which could negatively impact the XRP price in the following weeks. Historically, Ripple has been unlocking 1 billion tokens through escrows, finalized on the first day of every month since 2017. So far, the company has been using ‘Ripple (22)’ and ‘Ripple (23),’ according to XRPScan, as reported in April’s unlock. However, these accounts show empty escrows on April 30, similar to what happened in March, a few days before April’s unlock. Finbold…
A senior employee at one of the world’s biggest bitcoin mining firms says he’s “fascinated” that there’s no futures market based around rare and incredibly valuable satoshis, and has speculated that ultra-rare sats could be worth “millions” to collectors. Adam Swick, chief growth officer at Marathon Digital Holdings was speaking to CoinDesk about the race to mine the first satoshi after bitcoin’s next halving, due to happen later this month. Following the launch of Bitcoin Ordinals early last year, individual satoshis, far from being unremarkable and largely anonymous slivers of bitcoin, can now be numbered and traded as if they…
Yesterday, Ether’s price soared by over 20% following comments from Eric Balchunas, a senior analyst at Bloomberg, who significantly raised the likelihood of an Ethereum exchange-traded fund (ETF) approval from 25% to 75%. Consequently, the ETHBTC ratio, which gauges Ethereum’s value relative to Bitcoin, rebounded from a three-year low. Simultaneously, open interest in Ethereum futures climbed to an impressive $14.68 billion, hinting at potential further increases shortly. Ethereum’s Open Interest Touches New High Ether (ETH) futures have hit new levels of popularity, driven by a renewed hope regarding the possible approval of spot ETH exchange-traded funds (ETFs) in the U.S.…