Author: NBTC
The U.S. Securities and Exchange Commission has opened the window for comments on three ether spot exchange traded fund (ETF) proposals. The ETF efforts tied to Grayscale Investments, Fidelity and Bitwise will be subjected to a three-week comment period, according to notices posted Tuesday by the agency “to solicit comments on the proposed rule change from interested persons.” Despite rising hopes after the agency’s approval of bitcoin spot ETFs in January, industry analysts have become less optimistic that the regulator will follow suit with the products tracking Ethereum’s (ETH). The commission had been pressured into abandoning its earlier opposition of…
Effective Ventures Foundation, a UK-based charity that received $26.8 million in donations from FTX, is reportedly shutting down. The charity was reportedly set up to invest in projects centered on effective altruism, a philosophy dedicated to solving various societal problems through investment and charity. The Telegraph reported last week that accounts filed by Effective Ventures UK reveal it is “expected that [Effective Ventures UK] will eventually wind down (in 2025 or beyond).” The accounts also reveal the charity will no longer sponsor new projects and delegate current projects to other initiatives. Read more: FTX-funded charity Effective Ventures agrees to return…
On March 13, Elon MUSK spoke with visitors at the Berlin-Brandenburg Gigafactory, an electric car manufacturing plant that opened in the spring of 2022. One of the event visitors asked Musk if it would be possible to buy a Tesla with Dogecoin in the near future. Musk responded positively to the request, saying that it should be implemented at some point. Musk’s reaction sparked enthusiasm among investors and the market price of the token rose sharply. Dogecoin reacted with a jump from $0.172 to $0.188 at the time of writing with an increase of 9.3%. Starting in 2022, Tesla accepts…
Cryptocurrency analyst Kevin Svenson is forecasting the path forward for Bitcoin (BTC) over the coming weeks and months. In a new video, Svenson tells his 73,700 YouTube subscribers that higher levels of volatility will ensue if and when Bitcoin surges by nearly 40% from the current level. According to Svenson, once Bitcoin confirms the fourth stage of the parabolic curve pattern on the weekly chart, the levels of volatility will rise. In technical analysis, a parabolic curve pattern has four stages with the fourth phase becoming the launching pad for a breakout towards a higher level that is typically known…
In the ever-evolving world of cryptocurrency, Pendle has emerged as a beacon for yield trading enthusiasts, marking a significant milestone with a total value locked (TVL) of $4 billion. The platform, known for its innovative approach to yield-bearing assets, has seen its trading volumes soar to an impressive $10 billion. This surge is a testament to the platform’s growing popularity and the increasing interest in liquid restaking tokens and yield trading. A Novel Approach to Yield-Bearing Assets Pendle distinguishes itself by offering a unique trading experience where yield-bearing assets are divided into two components: the underlying asset and the yield.…
Crypto exchange Binance has announced that its NFT marketplace will no longer support Bitcoin Ordinals. In a blog post, Binance noted that the decision to axe support for the NFT-like inscriptions was taken “as part of its ongoing efforts to streamline product offerings” on its NFT marketplace. From April 18th, users will no longer be able to trade Bitcoin Ordinals on the Binance NFT Marketplace. The exchange also advised users to withdraw their Bitcoin Ordinals from the marketplace before May 18th. The exchange also noted that “airdrops, benefits, or utilities” linked to Bitcoin Ordinals will no longer be supported from…
Ethereum price is struggling to recover above the $3,360 resistance zone. ETH is now showing signs of more losses below the $3,300 and $3,250 levels. Ethereum is facing many hurdles near the $3,350 and $3,360 levels. The price is trading below $3,350 and the 100-hourly Simple Moving Average. There was a break below a rising channel with support at $3,320 on the hourly chart of ETH/USD (data feed via Kraken). The pair could extend losses if there is a close below the $3,200 support zone. Ethereum Price Signals Downside Ethereum price traded below the $3,300 level before the bulls appeared.…
Vana has secured $200M in funding led by Paradigm, signalling investor confidence. The newly launched Reddit Data DAO empowers users with data control and rewards. Users vote on data usage, challenging traditional models of data ownership. Vana, a San Francisco-based startup, has introduced a groundbreaking initiative, the Reddit Data DAO, or r/datadao, empowering Reddit users to take charge of their personal data. The launched decentralized autonomous organization (DAO) revolutionizes data ownership on the popular social media platform, offering users rewards for contributing their Reddit data and a say in its utilization. Reddit Data DAO revolutionizes data ownership Vana’s Reddit Data…
Token Terminal, known for its sophisticated data analytics tools, will now incorporate TRON network data into its platforms, including Terminal Pro, API and Data Room. The integration will allow investors and analysts to conduct an in-depth analysis of TRON’s on-chain activity, financial performance and comparative effectiveness with other blockchain projects. Token Terminal’s comprehensive set of analytical tools allows users to monitor trending contracts and wallets on the TRON network, assess user retention rates and analyze stablecoin statistics. Additionally, quality information such as research articles and podcast updates provide deeper contextual understanding of the dynamics of the TRON ecosystem. This collaboration…
Wormhole’s newly released cross-chain protocol W token is delivering traders 999% weekly returns as long as it is not maxed out on Kamino, a decentralized finance (DeFi) platform on Solana. Yield can be earned by pairing W with JitoSOL (JTO) and locking both tokens in the liquidity pool on Kamino. The rewards offered are over 3,300 W and 666 JTO per day, totaling $7,000 currently, plus a portion of the trading commissions generated in the W pool and JitoSOL. JitoSOL is a token that is issued when a user stakes Solana (SOL) tokens on Jito, a separate protocol also based…