Author: NBTC
Bitcoin’s upcoming halving may trigger short-term selling, but Crypto.com CEO Kris Marszalek remains optimistic about its long-term impact on the market. Crypto.com CEO Kris Marszalek anticipates that the upcoming Bitcoin halving event may lead to short-term selling volatility, yet maintains optimism regarding its long-term implications, considering historical patterns in BTC price movements following similar network updates. In an interview with Bloomberg, Kris Marszalek highlighted the historical trend of price increases following halving events but acknowledged uncertainty due to Bitcoin’s recent record highs. In March, Bitcoin’s price set a new all-time high, soaring to $73,750 (CoinMarketCap data), which was the first…
Ethereum has experienced an alarming price surge, increasing by 30% since Monday, and is now nearing $4K for the first time in 70 days. Analysts attribute this rally to the SEC’s more favorable stance on spot Ether ETFs. This change in perspective has prompted market analysts to increase the likelihood of these ETFs being approved to 75%, driven by active discussions about speeding up 19b-4 filings. According to Nate Geraci, a notable commentator on cryptocurrency developments, the SEC is facing a decision deadline this week concerning spot Ether ETFs. SEC decision deadline this week on spot eth ETFs…SEC must approve…
Following the Fed’s decision to keep interest rates steady, many major US banks revised their interest rate forecasts. Here’s a summary of his latest predictions: Bank of America predicts that the first reduction will be made in December 2024 and a total reduction of 25 basis points (BPS) will be made throughout the year. Barclays and BNpp share similar views and estimate that the first reduction will be made in September and December, respectively, and a 25 basis point reduction will be made in 2024. Citigroup expects an earlier and larger reduction, estimating that the first reduction will be made…
CryptoQuant, a famous crypto data insights provider, has recently announced its latest partnership. As per the platform, it is now joining forces with the well-known blockchain platform TON (the open network) to facilitate its clients. On its official account on the social media platform X, the company revealed the details of the respective partnership. We’re thrilled to announce our partnership with @ton_blockchain! 🤝Now, you can access $TON data on CryptoQuant.Check our queries for target=”_blank”>https://t.co/sQecXZqYdU pic.twitter.com/DCvdMAVGhI — CryptoQuant.com (@cryptoquant_com) April 30, 2024 CryptoQuant and TON Join Forces to Improve User and Developer Experience The platform disclosed that, as included in the…
Commissioner Summer Mersinger, of the Commodity Futures Trading Commission (CFTC), is one of the few U.S. regulators who is routinely willing to defend the crypto industry and call out what she sees as overzealous oversight. She will be speaking at Consensus 2024 in Austin, Texas, on May 30. CoinDesk caught up with Mersinger to discuss the Cain and Abel rivalry between the CFTC and U.S. Securities and Exchange Commission (SEC), how her agency decides which enforcement actions to pursue and her views on a variety of issues, including the CME possibly getting into the spot bitcoin market, the emerging world…
In a recent post on the X social media network, cryptocurrency critic Peter Schiff has questioned bullish Bitcoin (BTC) price predictions. The gold bug is not sure whether or not the cryptocurrency can surge to the $100,000 level given that major cryptocurrency-related stocks are now in a bear market. Even though the definition of a bear market is somehow murky, analysts typically agree that it occurs when a certain stock experiences a 20% decline. As noted by Schiff, the Coinbase (COIN) stock is down more than 21% from its recent high. Other major cryptocurrency-related stocks, such as Microstrategy (MSTR) and…
Over the past week, non-fungible token (NFT) sales declined by 8.99%, amounting to approximately $137 million. Ethereum topped the charts with $43 million in sales, marking a 20.26% increase from the previous week. NFT Market Shrinks by 8.99%, Ethereum and Bitcoin Lead in Sales NFT sales experienced a decline this week, falling by 8.99% compared to the previous week. Across all 21 blockchains, total sales reached $137.44 million, with Ethereum leading the way with $43 million. Bitcoin followed with $34.79 million in NFT sales, a decrease of 26.67% from the prior week. Other notable blockchains included Solana, Polygon, and Immutable…
There is a 20% chance of ether rallying as high as $5,000 by the end of June, according to dominant DeFi options protocol Lyra. Traders have snapped up ether calls at the $5,000 strike and higher this week. The price of ether (ETH) has a 20% chance of rallying to $5,000 by the end of next month, data from the decentralized options marketplace Lyra indicates. The price peaked at $4,692 during the previous bull market, according to CoinDesk data. To hit the new record, ether would need to rise by about a third from the current level around $3,740. That…
Safe has earlier today announced a strategic alliance with Chainlink Labs. This partnership is set to enhance the adoption of account abstraction and fortify the security within onchain ecosystems. Safe, a leader in smart account infrastructure, joins forces with Chainlink Labs, known for its comprehensive decentralized computing platform that has become a cornerstone in the development of reliable blockchain applications. The collaboration between these two tech giants is aimed at integrating Safe’s cutting-edge account solutions with Chainlink’s robust service offerings. By doing so, they plan to provide a more seamless and secure framework for developers and businesses venturing into digital…
The U.S. House of Representatives is on the verge of a vote on Wednesday that is widely expected to approve comprehensive cryptocurrency legislation with bipartisan support – a major milestone for the industry – and several Democrats there are pushing their colleagues to vote yes. At least eight House Democrats were vocally supporting the Financial Innovation and Technology for the 21st Century Act (FIT21) – and they may recruit more – according to a memo shared with CoinDesk by a congressional aide. At this point, the bill is scheduled for floor discussion and a vote later in the day on…