Author: NBTC

Ethereum jumped by double-digits Friday morning to over $2,700, outpacing Bitcoin and Solana as the crypto market continued to recover ground lost during Monday’s crash. The price of Ethereum is currently around $2,664, up 9.6% on the day, per data from CoinGecko—though it remains down by over 15% on the week. Volume is up by 5% in the past day, while open interest has jumped by 15%, per data from Coinglass. That suggests investors are feeling more confident in Ethereum’s trajectory, something mirrored in the wider crypto market as the Crypto Fear & Greed Index returned to “neutral” after plunging…

ContinuumDAO’s integration with the Avalanche ecosystem marks a significant milestone, leveraging Avalanche’s scalability and fast transaction finalization. The peer-to-peer node network, known as the Continuum, promises to play a pivotal role in web3 architecture by facilitating cross-chain functionality. In a major announcement on Thursday, July 11, the decentralized MPC network ContinuumDAO announced its integration with the Avalanche ecosystem, a smart contracts platform known for its infinite scalability and rapid transaction finalization. The integration of C3Caller into ContinuumDAO’s testnet represents a substantial advancement for the organization. “We’re thrilled to join @avalanche, leveraging its powerful capabilities to enhance interaction within our framework,”…

A new report from the NY Fed said Ethereum block builders have largely cooperated with sanctions on Tornado Cash. Block validators that are immediately downstream of a transaction are likely to cooperate, the report said, noting that sanctions may not apply to non-U.S. persons. Ethereum block builders have largely cooperated with sanctions on Tornado Cash, despite there still being some activity with the crypto mixer, said a new report from the Federal Reserve Bank of New York. The New York Fed published a paper on Wednesday evaluating the effect the Office of Foreign Asset Control’s blacklisting of Tornado Cash had…

Bitcoin price started another decline after it struggled near $64,550. BTC declined below the $63,500 support and might continue to move down. Bitcoin started a fresh decline from the $64,550 resistance level. The price is trading below $63,500 and the 100 hourly Simple moving average. There is a connecting bearish trend line forming with resistance at $63,600 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could extend losses if there is a clear move below the $62,700 and $62,500 support levels. Bitcoin Price Dips Further Bitcoin price failed to recover above the $65,000 level.…

Exponential, an investment platform for crypto holders, has downgraded MakerDAO’s DAI pool risk rating from Low to Average, according to the latest information shared with Finbold on August 9. The decision is in line with Exponential’s recent collateralization strategy and increasing reliance on real-world assets (RWAs), and it is accompanied by the platform’s recent decision to downgrade the rating of the USDA stablecoin as well. Crypto overcollateralized with MakerDAO MakerDAO allows users to take loans by overcollateralizing with cryptocurrencies. Initially, DAI was mostly backed by assets such as Ethereum (ETH) and Wrapped Bitcoin (WBTC), which offered an overcollateralized model and…

ETH moves came from Tron (TRX) founder Justin Sun and Ethereum (ETH) co-founder Vitalik Buterin, two names who have made a name for themselves with their transactions and critical moves in the cryptocurrency market. First, Ethereum co-founder Buterin transferred $8.05 million worth of ETH to his multi-signature wallet. Lookonchain stated in its post that Vitalik Buterin transferred 3,000 ETH ($8.05 million) to his multi-signature wallet and that this transaction was likely a donation. Justin Sun Prepares to Sell Ethereum! Secondly, an address believed to belong to Justin Sun deposited $43.41 million worth of ETH into HTX. According to a post…

Meme coins Bonk, Pepe, and Brett are among the top five worst losers in the top 100 cryptocurrencies in the past day, according to Coingecko data. Solana’s dog coin Bonk (BONK) has taken the greatest hit, falling 12.1% to $0.000023 on the day. This comes amid a Bonk DAO vote to burn 100% of the BONK earned by the Decentralized Autonomous Organization (DAO). At the time of writing, the approval is set to pass with 99.3% of the vote. Meanwhile Ethereum’s Pepe (PEPE) is down 9.6% and Base chain’s Brett (BRETT) has fallen 8.1%. These are outsized losses compared to…

The digital assets industry’s Fairshake PAC is chalking up three victories in this week’s congressional primaries. Crypto spending has helped defeat a number of Sen. Elizabeth Warren’s congressional allies, including prominent progressive Rep. Cori Bush in Missouri. Fairshake said it’s securing advertising time in 18 general-election contests, where it’ll spend $25 million on its picks for Congress. The crypto industry has devoted a seven-digit war chest to opposing candidates backed by Sen. Elizabeth Warren (D-Mass.), and that spending may have contributed to some sitting lawmakers losing their jobs, according to the leading political action committee (PAC) funded by digital assets…

Decrypt’s Art, Fashion, and Entertainment Hub. Legendary game publisher Atari is back with its next augmented version of a classic video game, this time bringing the 1976 classic Breakout to Coinbase’s Ethereum layer-2 network Base. As a part of Base’s “OnChain Summer,” players can compete against others for a top spot on the Atari Breakout leaderboard. The players with the highest scores will have a chance to win weekly prizes, including a retro 2600+ game console, gift cards, and more. 🔆 OᑎᑕᕼᗩIᑎ ᔑᑌᗰᗰEᖇ 🔆 The Onchain Arcade is back with @Atari Breakout® Compete for a top spot on the leaderboard…

According to a recent analysis by the Korea Institute of Finance (KIF), the introduction of spot Bitcoin (BTC) exchange-traded funds (ETFs) in South Korea could lead to significant economic disruptions. The report highlights potential unique challenges that the South Korean market might face despite the global trend of approving crypto-linked ETF products. Potential Pitfalls of Bitcoin ETFs in South Korea The recent approval and introduction of spot Bitcoin ETFs in various global markets have sparked significant discussions in the South Korean financial community. Lee Bo-mi, a researcher at KIF, expressed concerns over the potential adverse effects of these products in…