Author: NBTC

The recent sharp price drop in Ethereum has sparked a flurry of speculation among investors, raising questions about whether the bearish trend will persist. However, emerging data from the futures market indicates a possible reversal driven by significant changes in long liquidations across exchanges. Recent data from CryptoQuant highlights a major liquidation event in Ethereum’s futures market, reaching levels unseen since November 2022. These liquidations measure the forced closure of long perpetual positions due to price declines, which have recently triggered a cascade of liquidations across all exchanges. This development may indicate a cooling period in the futures market, as…

The Reserve Bank of New Zealand (RBNZ) has published a consultation paper on its proposed central bank digital currency (CBDC). Titled “Digital Cash,” the paper is the second part of New Zealand’s CBDC process as it works towards the possible creation and deployment of a national digital asset. New Zealand is one of many countries involved with the cryptocurrency sector by floating CBDCs. The central bank’s plan for a CBDC could make the country’s crypto landscape more appealing to businesses, encouraging them to support digital assets. Already, some of the best online casinos in New Zealand support cryptocurrencies, allowing users…

NEAR Protocol is seeing a wide embrace with new addresses topping the 12.3 million mark. Should this growth trend persist, analysts are projecting a rally to $5.6. NEAR Protocol has hit an important milestone with transactions reaching 450 million and new addresses soaring to 12.3 million within 30 days. This achievement demonstrates the increased interest and adoption NEAR is currently receiving in the crypto space NEAR Protocol Sees Heightened User Engagement in June In a Monday post, crypto analyst Masi on social media platform X outlined the NEAR Protocol’s June performance. According to the update, NEAR recorded 16.9 million active…

Zug, Switzerland — Supra, the cutting-edge Layer-1 blockchain with MultiVM support, integrated oracles, native randomness, cross-chain communication, and automation features, is excited to launch its incentivized public testnet. This milestone marks a crucial step toward Supra’s mainnet debut and highlights the platform’s impressive capabilities, including achieving over 500,000 transactions per second (TPS) and sub-second latency during tests with 300 global nodes.—The early-stage testnet is now live and currently available to select partner dApps and builders for internal testing. This controlled phase has allowed Supra to rigorously assess and refine its Layer-1 systems, ensuring robust security and stability. Over 160 dApps…

While Bitcoin’s price continues to trend downward, its dominance in the general crypto market has, in contrast, surpassed 56%. At the time of writing, Bitcoin is down 11% from its most recent all-time high. According to data from Glassnode, the level of dominance that Bitcoin is now displaying was previously observed earlier in April this year. Notably, however, this dominance level was last observed consistently in April 2021. Such a gap indicates a critical shift in market dynamics. As a result of Bitcoin’s increasing dominance, the Ethereum to Bitcoin (ETH/BTC) ratio has been decreasing. Current trade ratings are at 0.052,…

Ethereum has struggled greatly underneath the bearish pressure that has been mounted on the crypto market over the last few weeks. The ETH price suffered multiple crashes that sent it toward $2,000 once more, shattering the expectations for a new all-time high in the third quarter. However, this decline may only be short-lived as one crypto analyst has suggested that the Ethereum price could be getting ready for another rally that could push it toward its previous highs. Ethereum Looking Promising On 1-Week Chart Crypto analyst RLinda has posted a promising analysis on the Ethereum price on the TradingView website.…

A group of senior builders of The Open Network (TON), Telegram’s blockchain of choice, announced on Wednesday that they have spun off to create TON Ventures, a for-profit fund equipped with $40 million to support the next generation of on-chain Telegram mini apps. The fund will be led by Ian Wittkopp, the former head of TON’s accelerator program, and Inal Kardan, the TON Foundation’s former head of gaming. It will focus initially on early-stage projects with investments of $500,000 or less, Wittkopp told Decrypt. At a later, unspecified date, TON Ventures will expand to support larger “strategic” deals with protocols…

Shiba Inu’s partner tokens K9 Finance DAO (KNINE) and Unification (FUND) officially transition to the popular Layer-2 scaling solution, Shibarium. The tokens were integrated into the L2 network yesterday via the Shibarium Bridge, a technological innovation bridging assets from Ethereum to the Shiba Inu blockchain. Shiba Inu Celebrates the Integration Interestingly, Shiba Inu’s ecosystem team celebrated the transition of both tokens to Shibarium on X yesterday, suggesting that the integration would enhance their functionalities and operations within its ecosystem. Welcome @K9finance and @UnificationUND! 🔥$KNINE and $FUND is officially bridged to the Shibarium Network for better. Let’s take a closer look…

Space ID, the name service network for blockchains, has partnered with the Web 3.0 cloud computing platform, 4EVERLAND. The goal is to integrate BNB Greenfield, the decentralized and blockchain storage solution platform, into space ID. With this integration, all the domains registered through Space ID will have access to improved decentralized data storage and management. Major upgrade for https://t.co/kIWLkGgJlH! 🚨We’ve partnered with @4everland_org to integrate BNB Greenfield @BNBCHAIN for decentralized data storage/management.⚒️Go create your custom website with your .bnb domain at https://t.co/kIWLkGgJlH! ✅Check out ours:… pic.twitter.com/2B1d8NGyvh — SPACE ID (@SpaceIDProtocol) August 15, 2024 Space ID (ID) is a name service…

With Bitcoin (BTC) plunging below the $66,000 mark, analysts indicate that the maiden digital asset will likely see extended losses in the coming days. Particularly, crypto trading expert TradingShot, through a TradingView post on June 17, noted that investors should watch how Bitcoin interacts with the 50-day moving average (1D MA50) at around $66,100, which previously served as support. As per the analysis, Bitcoin’s failure to reclaim the 1D MA50 as support should cause investors to prepare for a potential drop to around $61,000, marking the upper boundary of the support zone. Further weakness below $61,000 could signal a deeper…