Author: NBTC

Bitcoin price extended its losses and traded below the $64,500 level. BTC is correcting losses, but the bears are still in control and aim for more losses. Bitcoin remained in a bearish zone and traded below $64,500. The price is trading below $65,500 and the 100 hourly Simple moving average. There is a connecting trend line forming with resistance at $65,400 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair remains at risk of more downsides below the $64,000 support zone. Bitcoin Price Dips Further Bitcoin price remained in a bearish zone after it settled…

Revolutionizing Data Indexing for the IOTA Developer Ecosystem TL;DR:Goldsky has integrated IOTA EVM, simplifying access to data, enabling real-time analytics, and powering applications. This integration eliminates the need for manual subgraph-based indexing infrastructure, allowing developers to focus on building, not wrangling with blockchain data infrastructure. Goldsky’s product suite enhances data accessibility, enabling efficient and cost-effective development on IOTA EVM. The success of any decentralized application depends on fast and accurate data. Enabling this across the full set of data – transactions, addresses, tokens, blocks, smart contracts, and more – is complicated, and takes a lot of work. The infrastructure involved…

The U.S. Securities and Exchange Commission (SEC) has reached out to several leading venture capital (VC) firms regarding their relationships with Uniswap Labs, the operator of decentralized cryptocurrency exchange Uniswap. Notable VC firms such as Andreessen Horowitz and Union Square Ventures have received investigations from the SEC, according to multiple sources familiar with the matter. The scrutiny comes as Uniswap Labs, which has raised over $170 million in venture funding, faces increased regulatory attention. The company’s last funding round, which closed in late 2022, valued the firm at around $1.7 billion. Earlier this year, Uniswap Labs received a Wells Notice…

Over the past few days, the ETF holdings in the Bitcoin market have changed quite dramatically, as the largest reduction in Bitcoin reserves is seen in several major funds. Nine major ETF lowered 2,824 BTC: According to Lookonchain, the latest report shows that the total value of Bitcoin holdings of nine major ETFs dropped $182.6m because of losing 2,824 BTC. The trend reflects a larger sense of institutional caution as the market shifts. Fidelity’s Wise Origin Bitcoin Fund, one of the hardest-hit funds, saw a 13.71% decrease, selling 1,377 BTC for approximately $89.06 million. This tweak takes their total holdings…

Meme cryptocurrencies on Solana (SOL) and Base (BASE) blockchains are yet again among the top performing cryptos. While overall market sentiment is apathetic, both categories managed to register double-digit increases thanks to low-cap assets rallying. Meme coins on Base (BASE), Solana (SOL) posting double-digit gains: See best performers In the last 24 hours, meme cryptocurrencies on Base (BASE) and Solana (SOL), two mainstream blockchains, demonstrated solid gains. Despite an almost stable market, both categories increased their aggregated cap by over 13% each. Amid dozens of tracked categories, Base (BASE) meme coins represent the third-fastest-growing category, surpassed only by modular blockchains…

Coinbase once again came out swinging Monday against the U.S. Securities and Exchange Commission (SEC’s) yearslong attempt to expand a bureaucratic definition of the word “exchange,” which if successful would bring the DeFi ecosystem firmly under the regulator’s purview. In an eight-page comment submitted to the SEC on Monday, Coinbase Chief Legal Office Paul Grewal chastised the potential rule change as “arbitrary” and “irrational” in several respects, and urged the agency to “abandon its effort” to apply the proposed rule to decentralized exchanges (DEXs). Fundamental to Coinbase’s argument against the change is the SEC’s continued refusal to concede that DEXs—which…

Bitcoin price has been keeping the investors on edge with no clear confirmation of the bull or bear market. As expected, the price action over the weekend was relatively tame, with low volatility and a slight bullish relief. There has been a lingering question about how we could be in a bull market if the price has been consolidating sideways for months, which isn’t typically seen as bullish. Analyst Josh of Crypto World gave a detailed analysis of the price trend and said that the chart hasn’t changed much over the last few days despite the short-term pullback. Currently, the…

Among the 31 airdropped tokens that are within the Top 500 in market cap, only 8 are up compared to their price on launch day, according to data gathered by the X user identified as Aylo. This trend suggests that selling airdrops on launch day for dollars or Bitcoin (BTC) is often the most profitable strategy. While some tokens may experience initial post-launch gains, long-term holding typically results in worse performance. Notably, out of the 31 tokens analyzed by Aylo, only 4 have beaten BTC in performance, and only one of them was launched this year. Performance of 31 airdropped…

Jarett Dunn (aka Stacc on Twitter) pleaded guilty Monday to fraud by way of an abuse of position, as well as transfer of criminal property. This comes after the Canadian national drained an estimated $2 million from Solana meme coin factory Pump.fun in May and airdropped the funds to random wallet addresses. When Dunn attacked Pump.fun, many spectators hailed him as crypto’s Robin Hood. The meme coin launchpad is the home to countless pump-and-dump schemes, as well as a number of questionable crypto-related incidents and promotional stunts—such as someone setting himself on fire for a token. With this, some traders…

The latest statistics regarding the chief crypto asset are presenting a positive development. As per CryptoQuant (a famous on-chain analytics forum), the Bitcoin MVRV indicator is coming closer to the distribution region, signifying progress toward a big move. The company disclosed the respective news on its official account on X. MVRV near the Distribution region“Therefore, the current phase is Neutral with low volatility and a tendency for a big move to follow.” – By @gaah_im Full post 👇https://t.co/nN0lgHwAE2 pic.twitter.com/LJDQ22zxsK — CryptoQuant.com (@cryptoquant_com) June 18, 2024 MVRV Indicator of Bitcoin Draws Near Distribution Zone with Decreased Volatility In addition to this,…