Author: NBTC
Ethereum’s price continues to defend $3,800 despite the cooling investor impetus ahead of the next US non-farm jobs data, and on-chain data analysis reveals a rare bullish signal that could spark the next rally. Ethereum Price Rally Cools Ahead of US Inflation and Jobs Data The US Bureau of Labor Statistics is scheduled to publish the next instalment of its monthly Non-Farm Jobs data on Friday May 31. The Non-Farm Jobs is a key macroeconomic indicator that impacts how regulators and investors view the direction of change in inflation and overall economic activity. Within the current landscape, another decline in…
From Ethena’s stablecoin to Bitcoin, for the first quarter of 2024 according to the CoinGecko report, the cryptocurrency market has experienced significant changes and trends that could redefine its future. The rapid rise of Ethena’s USDe stablecoin according to CoinGecko One of the most surprising developments has been the launch and explosive growth of Ethena USDe. This new entrant in the stablecoin market has quickly reached a market capitalization of 1.5 billion dollars, positioning itself among the top five largest stablecoins and dethroning TrueUSD (TUSD) from its rank. The rapid rise of Ethena USDe can be attributed to its strong…
The House Financial Services Digital Assets Subcommittee will hold a hearing on real-world asset (RWA) tokenization on June 5 to discuss the emerging sector’s potential benefits. Congress will listen to testimony from industry experts at the hearing to determine the potential benefits of RWA tokenization in facilitating efficient markets. The US government’s decision to address RWA tokenization is critical because of the sector’s size and projected growth. Research from global consulting firm Roland Berger estimated the industry’s size at $300 billion in 2023, with the potential to grow 40x to $10 trillion by 2030. Meanwhile, BlackRock recently led a $47…
ARAX has announced a strategic partnership with the Municipality of Tuzla, Romania, to launch a Decentralized Physical Infrastructure Network (DePIN) project aimed at transforming the city into a smart urban hub. This initiative will leverage ARAX’s advanced blockchain, IoT, and AI technologies to implement intelligent streetlights and other smart city solutions. The project will be executed in three phases, starting with planning and feasibility studies. This initial phase will involve stakeholder engagement, needs assessment, and technical and financial feasibility studies to ensure the project aligns with community needs and is viable. The second phase will see the pilot deployment of…
Bitcoin has shown itself among the best-performing assets in the last decade. In 2023, it outperformed the S&P 500, high-yield corporate bonds, and gold, soaring as much as 156 percent in a year. Today, Bitcoin demand is reaching record highs as the approval of new spot Bitcoin ETFs has created a wave of institutional interest. Although dubbed a risky and volatile asset, Bitcoin remains a profitable investment, especially for its earliest investors. When it was launched in 2009, it was practically worthless. In 2010, it traded at $0.10. By 2013, it was hitting highs of $250—a 250,000 percent growth for…
As the summer of 2024 approaches, investors are closely examining potential opportunities within the cryptocurrency market, particularly focusing on the prominent Web3 cryptocurrencies Ethereum (ETH) and Solana (SOL). Ethereum has recently gained traction with the approval of ETFs, boosting its market presence, while Solana boasts a Total Value Locked (TVL) of $4.795 billion, highlighting its growing ecosystem. These digital assets have captured substantial attention due to their robust ecosystems, impressive year-to-date performance, and ongoing development activities. However, the prevailing market conditions have left investors deliberating which of these two cryptocurrencies will yield better returns. To address this question, Finbold asked…
VeChain’s VeBetterDAO promotes sustainability with diverse initiatives and rewards. Users engage in eco-friendly actions, earning rewards through VeBetterDAO initiatives. VeChain fosters sustainable habits with VeBetterDAO, driving positive global impact. VeChain, a leading blockchain platform, is revolutionizing the way sustainable behavior is rewarded through its VeBetterDAO initiative. Designed to incentivize positive daily decisions, VeBetterDAO offers a range of mini initiatives aimed at creating a big impact on individuals and the environment. We want to reward people making positive daily decisions for themselves and the world – that’s why we launched our incentive-powered platform, VeBetterDAO!With a unique dApp/DAO structure, it offers ways…
The groups that lobby for big-bank interests in Washington asked the White House to step back from its stated intention to kill Congress’ effort to cancel a controversial Securities and Exchange Commission crypto policy. Two of the digital assets sector’s biggest allies on Capitol Hill also sent a similar request to the president. In a rare lobbying overlap with crypto world, Wall Street banks and members of Congress are asking President Joe Biden to reverse course on his vow to veto the U.S. congressional resolution to overturn the U.S. Securities and Exchange Commission’s (SEC) crypto accounting policy. In recent bipartisan…
Cryptocurrency exchange Upbit announced that it will list BEAM, a new digital asset, on its trading markets. Upbit Announces BEAM Trading Support on KRW, BTC, and USDT Markets Important Information for BEAM Trading on Upbit: Ticker Confusion: Some exchanges may list this asset under the ticker BEAMX. However, on Upbit, the BEAM token has contract address 0x62D0A8458eD7719FDAF978fe5929C6D342B0bFcE. Users are advised to verify this contract address before making any deposits or withdrawals. Initial Buying Restriction: Buying orders will be restricted for approximately 5 minutes after launch. Minimum Sell Restriction: During the same first 5-minute period, sell orders priced 10% below the…
In a significant stride towards an interconnected Web3 ecosystem, Alchemy Pay has officially partnered with Galxe to leverage Gravity Chain, Galxe’s latest Layer-1 blockchain innovation. This collaboration marks a pivotal step in fostering a seamless integration across the vast expanse of blockchain networks, heralding a new era of omnichain solutions. Spearheading Innovations in Blockchain Interoperability Alchemy Pay‘s recent announcement unveils a partnership that’s set to revolutionize how businesses and developers engage with blockchain technology. The Gravity Chain by Galxe is designed as a foundational blockchain that aims to bridge various digital assets and smart contracts across multiple platforms, thus enhancing…