Author: NBTC

PixelRealm, a Web3 gaming ecosystem, has partnered with Neon EVM to enable Ethereum-based games on Solana without the necessity of recoding. This means that developers can deploy existing Ethereum codebases on Solana, reducing development time and costs. The partnership comes as blockchain gaming sees renewed interest, with nearly $580 million invested in 2024, according to Rootdata. PixelRealm is supported by Binance Labs and Polygon Studios and currently serves over 120,000 players. The collaboration will lead to the launch of Kugle, a mobile game featuring virtual collectible pets, NFTs, and an animated player-driven universe called KugleWorld. Steven Leaton, Gaming Lead at…

Institutional investors like BlackRock and Fidelity are adding to Bitcoin holdings amid market dips, reflecting strong confidence. Whale accumulation of 400,000 BTC in 30 days suggests ‘smart money’ sees current price levels as key buying opportunities. Bitcoin faces resistance at EMA50 and MA200, but potential rate cuts could fuel a push toward the $69,000-$70,000 range. According to Dr. Profit, a crypto analyst on X, the past week’s market activity was a strategic opportunity for investors despite the market’s recent dip. Notably, institutional players like BlackRock and Fidelity remained unshaken, even increasing their holdings during the downturn. This reflects a larger…

The US government’s regulation of DeFi is reaching a critical point, with Uniswap as its next major battleground. Our industry as a whole must defend Uniswap’s role in the future of finance, or risk losing a foundational technology that allows decentralized ecosystems to thrive. The New York outfit behind the popular DEX just agreed to pay $175,000 to the CFTC for facilitating retail trade of a suite of leveraged index tokens, which, going by the tickers in the complaint, were built by Index Coop. Part of the CFTC settlement dictates that Uniswap Labs must cease offering those kinds of tokens…

At the latest Ethereum Foundation (EF) Q&A, core researcher Justin Drake shared insights into the foundation’s financial stability, revealing that it has around $650 million worth of Ethereum (ETH) in its main wallet. With an annual budget of around $100 million, the foundation’s current reserves can sustain its operations for the next decade, even with fluctuations in ETH prices. Drake explained that the Ethereum Foundation’s budget primarily covers grants and salaries, with some recipients requiring payment in fiat currency. The foundation’s financial report is expected to be released soon, but its funds are in a strong position based on current…

Bitcoin and altcoins have been in a downtrend for a long time. BTC, which last experienced a sharp decline at the beginning of August, has been trying to hold onto the $60,000 level since then, but has not been successful. While a recovery is expected in Bitcoin and altcoins, an updated assessment came from Grayscale Research. Stating that August was quite volatile for the cryptocurrency market, Grayscale stated that Bitcoin benefited from the weakening dollar and interest rate cut signals amid market volatility. According to the Grayscale report, Bitcoin outperformed while Ethereum (ETH) performed worse. The report also stated that…

With bitcoin in retreat again, analysts are looking for technical indicators and signals that could provide clues as to where it is heading next. On Aug. 12, crypto derivatives data provider CoinGlass reported that the liquidity heatmap is showing key first-test lines at around $56,800. If BTC prices bounce off this level, it will test higher ones but a weaker bounce could result in further downsides, it noted. #BTC Liquidity / Orderbook Heatmap First test $56800, if the bounce is strong, we will test higher levels. If the bounce is weak, we will go to lower price levels. 👉https://t.co/z9WYoWqeVP pic.twitter.com/S72yJNag7v…

This summer, crypto restaking protocols were rallying to new heights. Almost without exception, these leveraged plays on the native yield of proof-of-stake blockchains like Ethereum and Solana were attracting all-time high capital inflows. As of June 5, their total value locked (TVL) — a convenient albeit incomplete metric for judging the size of crypto protocols — had crested $21 billion. Protos has created a chart illustrating the breakdown of this TVL — click here to view. However, as of publication time, the assets in those protocols had declined by one-third to $14 billion. As investors return from summer vacation, university…

Ethereum is trading near its yearly low of $2,400 after an 18% drop from local highs. ETH has notably underperformed compared to Bitcoin and other altcoins like Solana this cycle, leading to investor concerns. One of the key reasons for this underperformance is the lack of enthusiasm surrounding Ethereum ETFs. Metrics from these funds show low interest from traditional investors, adding to the bearish sentiment around ETH. As the crypto market is gripped by fear and uncertainty, Ethereum traders are searching for clues on whether a potential recovery is on the horizon. Top analysts and investors have started sharing their…

The real-world assets (RWAs) tokenization sector is predicted to become a multi-trillion-dollar market, but achieving this growth will likely require a unified global regulatory framework, according to Shy Datika, founder and CEO of INX. Datika, a veteran of both traditional and digital finance, argues that such a framework would not only provide clarity but also ensure that industry players are not hampered by the complexity and cost of navigating diverse regulations. INX Founder Urges Harmonization of RWA Standards However, in written responses shared with Bitcoin.com News, Datika concedes that achieving this ideal framework might not be possible due to the…

The Fear & Greed Index for Bitcoin, the leading cryptocurrency, has plunged back into “extreme fear” territory with 25 points out of 100. This came after the cryptocurrency plunged to an intraday low of $58,134 on Monday on the Bitstamp exchange. More than $123 million worth of long positions have been liquidated, according to CoinGlass data. As reported by U.Today, Bitcoin endured a massive crash last Monday, collapsing all the way to $49,557 on the Bitstamp exchange. This was due to contagion from global stock markets. However, the leading cryptocurrency managed to recover in mere days in tandem with global…