Author: NBTC

The Hedera Foundation has launched two pilot Request for Proposals (RFPs) aimed at addressing specific ecosystem needs, inviting global developers to apply for grants. The initiative aims to enhance transparency and collaboration, providing up to 10 million HBAR in support, to accelerate the growth and development of the Hedera ecosystem. On Thursday, July 11, the HBAR Foundation announced its pilot Request for Proposal (RFP) to deliver a more transparent and community-supported element to grant giving. Hedera stated that they are piloting two separate RFPs for building solutions thereby meeting specific ecosystem needs. Besides, this development comes as Hedera has been…

Bitcoin miners have been actively selling their holdings since the halving effect kicked in. As the on-chain data suggests, the amount of selling pressure coming from Bitcoin miners is not descending, and at the current pace, there will be very little BTC left to sell. The halving event usually results in a period of miner capitulation because it halves the block reward for miners. This occurs when mining loses money, forcing miners to liquidate their Bitcoin holdings to pay for running expenses. Because of how long this phase has been, the market is under constant pressure to sell. On-chain data…

Nasdaq and BlackRock, the world’s largest asset manager, are planning to start trading options on the spot Ethereum ETF. Table of Contents How does spot Ethereum ETF options trading work? Ethereum spot ETFs receive approval BlackRock options strategies Should BlackRock approve the new product? According to a filing posted on the U.S. Securities and Exchange Commission’s website, representatives of Nasdaq and BlackRock asked the regulator to allow trading options on the iShares Ethereum Trust ETF (ETHA), the only Ethereum-based ETF listed on the Nasdaq exchange. The published document proposes changing the rules for listing and trading options on the iShares…

DWS, an asset management firm owned by Deutsche Bank, is preparing to launch the first euro-denominated stablecoin regulated by Germany’s Federal Financial Supervisory Authority (BaFin). The initiative marks a significant step for the European financial sector, with DWS managing €941 billion ($1.02 billion) in assets worldwide. DWS plans to introduce a stablecoin by 2025 through its newly formed company AllUnity. This new organization is a collaboration between DWS, Flow Traders and Galaxy Digital. However, at the time of writing, the company had not yet provided additional information about the new asset. Stefan HOOPES, CEO of DWS, announced that the stablecoin…

Chinese tech firms are rushing to stockpile Samsung’s high bandwidth memory (HBM) chips that power AI systems before they are affected by US restrictions. The US reportedly seeks to sanction the sale and distribution of the chips in China on security reasons as geopolitical tensions continue. A Bloomberg’s July 31 report indicated that the US may use its Foreign Direct Product Rule (FDPR) to stop China from buying chips produced by South Korea’s Samsung and SK Hynix. A Reuters report also said a new round of chip export controls will be announced by the end of this month. Tech giants…

In a recent and somewhat unexpected Bitcoin-related post, Ripple CTO David Schwartz clarified his thoughts regarding crypto holding and selling strategies. Schwartz shared an approach from his personal Bitcoin holdings, shedding light on the behavior of Bitcoin’s early investors, particularly those from the early days of the cryptocurrency’s rise. The Ripple CTO stated, “When I was long Bitcoin, I sold when I needed anything — to pay taxes, to buy a new computer, and so on,” shedding light on his crypto strategy. During Bitcoin’s first significant bull run, many companies began accepting it as payment, with Schwartz highlighting a trend…

Widely followed analyst and trader Michaël van de Poppe believes that Ethereum (ETH) could suddenly take off on a massive rally for one main reason. Van de Poppe tells his 722,000 followers on the social media platform X that inflows into the spot ETH exchange-traded funds (ETFs) are exceeding new supply, which he believes is a bullish catalyst. “The ETH supply was created in 2024: $160 million. The net inflow in ETH ETF in the past two days: $150 million. The demand is exceeding the supply.” However, the analyst suggests that ETH’s big rally will likely depend on whether the…

Helium has been exploring expanding its network beyond just wireless infrastructure for over two years. Helium is aiming to become a ’network of networks’ that supports various real-world verticals like energy. Helium’s core ethos of making it easy for individuals to participate in building infrastructure networks aligns with this expansion. Sourceful aims to unlock the potential for homeowners to participate in energy markets they are currently excluded from due to their small scale. Sourceful plans to leverage the Helium community and infrastructure to provide connectivity, validation, and an incentive model for residential distributed energy resources. The goal is to coordinate…

The Brazilian Securities Regulator (CVM) has begun sending letters to tokenization companies, inquiring about the nature of their operations. According to local reports, these letters require issuers to disclose which tokens were issued, their purported classification, and the assets supporting the issuance of such tokens. Brazilian Securities Regulator CVM Investigates Tokenization Companies’ Activities The Brazilian securities regulator CVM, the equivalent of the U.S. Securities and Exchange Commission (CVM), is reportedly probing the market for tokenization activities. According to local reports, the CVM has sent letters to some companies that lend tokenization services to third parties, requiring data linked to their…

Famous cryptocurrency analyst PlanC shared his views on Bitcoin’s future trajectory in a recent statement. The analyst believes that from the right perspective, Bitcoin’s path is progressing as expected. PlanC made a few interesting observations: By the end of 2024, the Power Law Support (historical base) will exceed MicroStrategy’s current cost base per Bitcoin. By the end of 2026, it will exceed the current Bitcoin price. If the 4-year cycle continues, the next bear market bottom could be between $67,000 and $74,000 between September 2026 and January 2027, according to Power Law Support. PlanC also highlighted the importance of the…