Author: NBTC
Is political pressure playing a role in the SEC’s consideration of spot Ether ETFs, and what implications does this have for the crypto community? Table of Contents What is happening, and what are the odds? Could Ethereum ETFs put up a fight for BTC ETFs? What to expect next? Ethereum (ETH) has been on a bullish run, trading around $3,760 as of May 22, marking a 28% increase over the past week. This surge is driven by speculation that the U.S. Securities and Exchange Commission (SEC) may approve the first spot Ether exchange-traded funds (ETFs) this week. In a surprising…
Jito, a liquid staking pool on the Solana blockchain, has recently announced a significant milestone. Its total value locked (TVL) has exceeded 10 million Solana (SOL). With Solana’s current price of $132.11, the number equals a staggering $1.32 billion. This development strengthens Jito’s position in the Solana ecosystem. It also indicates a growing interest in the protocol. Jito’s Restaking Venture Historically, Jito reached a higher TVL in fiat—approximately $1.86 billion—on April 1. However, it’s critical to recognize that these figures are subject to the fluctuating nature of cryptocurrency values. Should Solana revisit its peak of $208 witnessed earlier this year,…
The cryptocurrency market has undergone a substantial downturn, with many of the top 100 cryptocurrencies experiencing sharp price drops. Bitcoin, the leading digital asset, hit a low of $61,600 on Tuesday. However, industry experts suggest a potential rebound to higher highs may be on the horizon as the highly anticipated Halving event draws near. Adrian Zduńczyk, a crypto trader and technical analyst, provides valuable insights into the market dynamics, highlighting key factors such as bull market indicators, ETFs, and the imminent Halving event. Mixed Signals For BTC According to Zduńczyk’s analysis, the market exhibits bullish signs, with the 200-week and…
Closely followed economist Alex Krüger believes approval of a spot Ethereum (ETH) exchange-traded fund (ETF) could quickly send the top altcoin to new all-time highs (ATHs). In a new Unchained “Bits + Bips” podcast, Krüger says the market has yet to price in a spot ETH ETF approval. He predicts an approval will send Ethereum soaring against Bitcoin (ETH/BTC) to at least .070 BTC ($4,865) within months. “If the ETF gets approved, which seems like it’s likely now, it’s kind of clear that with an ETF approval, we’re going to see all-time highs very, very soon. Because the market is…
Crypto seems to be slowly recovering after a long winter in the market, and users are adjusting their investment plans according to the latest updates in the industry. While simply buying crypto is a great way to start your journey in this field, there also are other options to earn some digital assets and start trading them to get a profit. So, in this article, we will talk about some of the best free crypto airdrops you can focus on for this month to make your crypto portfolio richer with at least one new cryptocurrency. Table of contents Best Free…
Bitcoin stands at the forefront, with its upcoming halving event sparking excitement and uncertainty among investors. As the countdown to Bitcoin’s fourth halving narrows to roughly three days, market dynamics have taken a tumultuous turn, with significant implications for the digital asset’s price trajectory. Deciphering BTC’s Halving Patterns: Insights Into Pre-Event Price Behaviour While the Bitcoin market has been on a decline over the past week, A CryptoQuant analyst has recently highlighted a recurring pattern in Bitcoin’s price dynamics observed before each halving cycle. This pattern entails a significant price decline, a trend witnessed in previous halving events. For instance,…
As revealed thanks to data from Whale Alert, a previously dormant Ethereum whale has transferred 86 ETH, valued at $325,535, to major U.S. crypto exchange Coinbase. This whale, identified by the wallet address “0xCc60,” had originally acquired Ethereum during the Genesis Block as a participant in the ICO, where the token was valued at just $0.31. Now this volume of tokens equals $325,160 and the price of Ethereum stands at $3,850. 💤 A dormant pre-mine address containing 86 #ETH (325,535 USD) has just been activated after 8.8 years!https://t.co/Sok4yMsG5q — Whale Alert (@whale_alert) May 23, 2024 This substantial transaction coincides with…
Among the latest news are massive announcements from LayerZero Labs and Anvil Protocol, each unveiling plans related to upcoming crypto airdrop distributions. These events highlight the ongoing innovations and strategic expansions within decentralized finance (DeFi). Crypto Airdrop Update: LayerZero and Anvil LayerZero Labs recently announced the completion of a crucial snapshot tied to an upcoming crypto airdrop. This event, marking a pivotal moment in blockchain interoperability, was captured at precisely 11:59:59 PM UTC on May 1, 2024. This initiative aims to incentivize participation and decentralize governance within its network. Likewise, Anvil Protocol made headlines by initiating the first phase of…
Bitcoin price is consolidating below the $65,000 resistance zone. BTC must surpass $65,000 and $67,000 to move into a bullish zone again. Bitcoin is struggling to gain pace for a move above the $65,000 resistance zone. The price is trading below $65,000 and the 100 hourly Simple moving average. There was a break above a connecting bearish trend line with resistance at $63,000 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could gain bullish momentum if it clears the $67,000 resistance zone. Bitcoin Price Eyes Upside Break Bitcoin price failed to clear the $67,000…
Prominent XRP community figure WrathofKahneman (WoK) recently unearthed a document suggesting Ripple worked alongside Citibank to develop a private solution for cross-border transactions. The paper was written by Bheema Shanker Neyigapul of the Department of IT at Jawaharlal Nehru Technological University, Hyderabad India. It was titled “Reshaping Banking through Blockchain: Exploring the Future of Financial Transactions.” Claim of Ripple and Citibank Partnership The paper explored the revolutionary role of blockchain technology in addressing the challenges in the traditional banking sector. A cited case study of blockchain adoption in the banking sector involved a supposed partnership between Ripple and Citibank. The…