Author: NBTC

Interesting data has been obtained for some altcoins on Upbit, the world’s second largest and South Korea’s largest cryptocurrency exchange, in the last 24 hours. South Korean users have recorded high trading volumes in some altcoins in recent hours. Here are the altcoins with the highest volume on Upbit in the last 24 hours: Bitcoin Ethereum solana Ripple dogecoin Cardano Shiba Inu Avalanche Chainlink Polkadot Tron BitcoinCash Near Protocol polygon Uniswap Dai Ethereum Classic Aptos rendering Hedera However, Upbit has recently changed its listing policy. The exchange, which had rarely made listings on the KRW market before, has recently exhibited…

The recent volatility in the Bitcoin (BTC) price and its struggle to consolidate above the $70,000 mark has raised questions about the sustainability of its ongoing bull run. However, market expert Charles Edwards, co-founder of Capriole Invest, believes that the decentralized finance (DeFi) protocol Ethena Labs (ENA) could significantly extend and boost Bitcoin’s bull market to new heights. In a recent post on social media site X (formerly Twitter), Edwards suggested that Ethena’s actions, such as constraining over-leverage in derivatives markets and reducing spot supply, can propel Bitcoin’s price higher for a longer period. Bitcoin Bull Market Boost To provide…

In a significant development in the cryptocurrency world, iMe has announced a strategic partnership with DWF Labs, setting the stage for transformative advancements in decentralized communication and finance. This collaboration marks a pivotal moment for both entities as they leverage each other’s strengths to drive innovation and growth within the Web3 space. Excited to partner with @iMePlatform!We’re set to empower their team’s innovation and expansion in decentralised communication and finance, bringing accessible and innovative technology to the crypto community worldwide. 🔥 https://t.co/fjMUJjijkd — DWF Labs (@DWFLabs) April 24, 2024 A Partnership Poised to Redefine Decentralization Empowering Growth and Innovation DWF…

President Joe Biden’s re-election campaign has initiated outreach to cryptocurrency industry players, seeking guidance on future crypto policy, according to reports. This move marks a significant shift from Biden’s previously distant approach towards the industry, reflecting a growing recognition of the impact crypto-related issues could have on the upcoming presidential race. Biden campaign engages with crypto experts The engagement effort, which began about two weeks ago, highlights a strategic pivot by Biden’s team as they navigate a potentially close re-election bid. Several reports noted that the campaign has reached out to crypto experts, including industry figures previously rebuffed by Biden.…

On June 1, Hong Kong’s Securities and Futures Commission (SFC) unveiled a list of cryptocurrency exchange platforms with licenses nearing approval. According to the SFC website, 11 applicants, including Matrixport HK, Accumulus, Crypto.com, and Bullish, are “deemed to be licensed.” Other platforms on the list are HKbitEX, PantherTrade, DFX Labs, Bixincom, xWhale, YAX, and WhaleFin. Hong Kong’s Stringent Requirement Dissuades Top Exchanges If approved, these firms will bring the number of licensed exchanges in Hong Kong to 13. Currently, only OSL Exchange and HashKey hold licenses granted before the new regulations took effect in June 2023. However, the SFC clarified…

Data shows Bitcoin is currently nearing two notable on-chain price levels. Here’s what happened the last time BTC broke above them. Bitcoin Is Approaching Vaulted Price & MVRV +1SD Currently In a new post on X, Glassnode leads on-chain analyst Checkmate points out that BTC has been near two on-chain price levels recently. The first of these levels is the “MVRV +1SD.” The Market Value to Realized Value (MVRV) ratio is a famous indicator for Bitcoin. In short, it compares the value that BTC holders are currently carrying (that is, the market cap) against the value they put into the…

The Volatility Shares 2x Ether Strategy ETF (ETHU) will become the first leveraged Ethereum ETF to trade on the Chicago Board Options Exchange (CBOE) by June 4, according to a disclosure on its website. Leveraged trading allows investors to control more significant positions than their initial deposit, magnifying their exposure to price movements. The platform provider loans the difference between the trade value and the investor’s margin deposit. Several Ethereum futures ETFs already exist in the US, including ProShares’ Ether Strategy ETF (EETH), VanEck’s Ethereum Strategy ETF (EFUT), and Bitwise’s Ethereum Strategy ETF (AETH). While these ETFs faced slow initial…

During the night we had only a small taste of the impact of a potential collapse of Ethereum’s liquid restaking tokens: Renzo protocol’s ezETH experienced a strong dump, due to the lack of liquidity on DEX, dropping to 700 dollars. The ezETH-ETH ratio has dropped to the threshold of 0.2, causing several positions in the leverage of airdrop farmers who had used the coin as collateral in money markets such as ZeroLend and Gearbox to be liquidated: in total, liquidations amount to 340 million dollars. The reaction of Renzo’s competitors was not long in coming, such as Etherfi, which reiterated…

Russia’s Ministry of Finance, which in 2016 suggested imprisonment for trading Bitcoin, now says the crypto industry is a “locomotive” for Russia’s economic development. Russia‘s Ministry of Finance sees the crypto industry as a driving force for economic development, Russian state news agency TASS reports, citing Ivan Chebeskov, director of the financial policy department at the ministry. Speaking at a crypto forum in Russia, Chebeskov highlighted the ministry’s long-standing efforts to establish a regulatory framework for the crypto market. “We at the Ministry of Finance have been working for many years to create appropriate regulations for the crypto market. This…

Binance, the world’s largest cryptocurrency exchange by transaction volume, today announced OmiseGO (OMG), Waves (WAVES), Wrapped NXM (WNXM) and NEM (XEM). Binance Will Delist OMG, WAVES, WNXM, XEM on June 17, 2024 This decision was made as part of Binance’s regular review process to ensure listed assets meet the platform’s high standards and evolving industry requirements. Reasons for Delisting Binance considers various factors when evaluating the delisting of a digital asset. These include: Team’s Commitment to the Project: Evaluates the dedication and progress of the project’s development team. Level and Quality of Development Activity: Assessment of ongoing development and innovation…