Author: NBTC

Robot Ventures, an early-stage investor in notable crypto startups such as EigenLayer, Lido Finance, and Flashbots, has announced a new $75 million venture capital fund, according to a report by Muyao Shen for Bloomberg. The crypto venture investing landscape has witnessed a revival this year, fueled by a significant upswing in token prices since their previous lows. This positive momentum has attracted renewed interest from investors, as evidenced by other recent fund launches like Hack VC’s $150 million fund in February and Paradigm’s $850 million fund in June, Bloomberg reports. Robert Leshner, a general partner at Robot Ventures, highlighted the…

Baby Dogecoin, the memecoin built by Dogecoin Community members, has taken the X-verse by storm. Its inception came with a noble vision to support animal welfare and animal adoption, leading to a massive 2.4 million followers on X. On August 30th, 2024, the token went under maintenance for two hours and came back with a bang. The token announced an update for the BabyDoge PAWS Players, where it is introducing a promotional weekly theme. 📢 Attention BabyDoge PAWS Players! 📢 🐾 We had some exciting news, but first, we needed a little downtime! A scheduled maintenance began at 14:30 UTC…

If Bitcoin and Ethereum break above $70,000 and $4,000, respectively, it could set off a “sexy shitcoin soiree” in alts, writes Bitcoin billionaire Arthur Hayes in his new essay. But first, markets will have to navigate the contentious U.S. election. The BitMEX co-founder called Vice President Kamala Harris, the presumptive Democratic nominee, a “first-class political muppet.” But he added that she has an advantage over Donald Trump simply because she “is not an octogenarian vegetable.” According to Hayes, this seemingly low bar might be all Harris needs to secure a victory against Trump—particularly given the volatile state of American politics…

Welcome to the On the Margin Newsletter, brought to you by Ben Strack and Casey Wagner. Here’s what you’ll find in today’s edition: How markets are reacting to the latest inflation print that was just in line with expectations. Ben unpacks what’s happening — or not happening — with bitcoin ETF (and other crypto) options. It was another volatile week for markets, even as data points showed few surprises. We break down what happened. Markets react to final PCE before anticipated FOMC We are 19 days out from the next policy-setting Fed meeting and the latest inflation numbers are in.…

Telegram tap-to-earn game players got exciting news this week, as the developers of viral crypto game Hamster Kombat announced that the HMSTR token launch is now set for September 26 on The Open Network (TON), following a delay from the original target of July. But that announcement was couched by plenty of less appealing news around the network. Last weekend, Telegram co-founder and CEO Pavel Durov was arrested in France, prompting a price plunge for TON plus uncertainty around the Telegram-linked network. And then on Tuesday, ahead of the Hamster Kombat announcement, TON stopped processing blocks for hours due to…

While the decline in Bitcoin and altcoins has caused some investors to panic and fear, for some investors it is simply seen as a good buying opportunity. At this point, whales saw the sharp decline in BTC as an opportunity and started to accumulate. According to a post by on-chain data analytics platform Spot on Chain, two new whales bought 2,435 Bitcoins worth a total of $145 million from Bitfinex and Binance. Accordingly, one address starting with “bc1qr” purchased 1,500 BTC (worth $89.1 million) from Bitfinex at an average price of $59,393, while the other address starting with “0xbe6” purchased…

Ethereum (ETH) price is exhibiting both positive and negative signals, with the latter coming from investors. The positive sentiment, however, comes from the market, which hints at the right conditions for accumulation. Ethereum Investors Have an Opportunity Following Ethereum’s price drop, along with the rest of the market, a wave of panic set in. The 8.3% drop in the last 24 hours significantly impacted investors as they moved to sell. According to the Realized Loss Indicator, over $144 million worth of ETH was sold within a day. The indicator measures the total losses arising from the ETH sold in the…

Brazil took the headlines after becoming the pioneer in Solana ETFs. Out of the two SOL ETFs that were approved, the first (QSOL11) was launched on Wednesday, August 28th, 2024. Priced at $10 each share, it soared to the top of the charts and gained over $2.75 million in its first public listing on B3, Brazil’s top stock exchange. What led to Solana’s breakthrough? As per Theodoro Fleury, investment manager and director at QR Asset, Brazilian investors showed interest in SOL because of its immense growth potential. ⚡️ JUST IN: SOLANA SPOT ETF DEBUTS WITH $2.75M RAISED ON BRAZIL’S B3…

High centralization can lead to increased influence by a few entities, potentially undermining the decentralized ethos that crypto strives to uphold. However, centralization continues to be a major bone of contention in space. As such, popular project tokens – Polygon (MATIC) and Shiba Inu (SHIB) – have emerged as the leading examples of high concentration of holdings among top wallets. Centralization Concerns in MATIC and SHIB According to the data shared by Santiment, Polygon’s top ten wallets collectively control an astonishing 69.4% of its total market capitalization, making it the most centralized among major altcoins. Similarly, Shiba Inu’s top ten…

Bitcoin (BTC) is consolidating below $60,000 as investors await a possible breakout, with lingering consensus that the cryptocurrency is poised for further long-term gains. For instance, crypto analyst TradingShot suggested in a TradingView post on August 12 that Bitcoin is likely to reach $100,000 in the coming months. According to the expert, Bitcoin’s recent pullback is merely a technical correction, setting the stage for a powerful bull run. TradingShot noted that over the past two weeks, Bitcoin’s price tested the 50-week moving average (1W MA50), a critical trend line that was only touched once in the previous bull cycle. While…