Author: NBTC

Leading crypto exchange LBank heaps praises on Shiba Inu (SHIB), Dogecoin (DOGE), and Neiro Ethereum (NEIRO), describing them as the ultimate crypto trio. The top exchange made the disclosure yesterday. According to an X post, LBank asked its followers to indicate whether the so-called “ultimate crypto trio” will champion the resurgence of the memecoin market. Can NEIRO Replicate SHIB and DOGE Rally This Season? LBank’s characterization of SHIB, DOGE, and NEIRO as the ultimate crypto trio is a remarkable feat for the Neiro project, given its relatively newer presence compared to SHIB and DOGE. NEIRO has been causing a stir…

European digital asset investment firm CoinShares reported financial results for the second quarter of 2024 today (Tuesday), building on the momentum from Q1 and announcing a special dividend following the successful recovery of its FTX claim. However, the report indicates that FlowBank’s collapse negatively impacted the company’s “principal investments,” ultimately consuming the vast majority of total revenues. The company posted asset management revenue of £22.5 million for Q2 2024, more than doubling from £10.7 million in the same period last year. Total comprehensive income surged to £25.8 million, up from £5.3 million in Q2 2023. Adjusted EBITDA also saw significant…

Worldcoin (WLD) is set to accelerate its token unlock schedule, increasing selling pressure on the WLD market price. According to data from Token.Unlocks, 6.62 million WLD tokens valued at $12.91 million will be released into the market by July 24. Currently, the market experiences a regular influx of 3.19 million WLD tokens, valued at $6.23 million, distributed to community members. This unlock schedule was established last year after the project’s launch, with 500 million coins allocated for community distribution. In just the past week, 22.35 million WLD tokens, worth over $39.12 million, have been released into the market, accounting for…

Japan’s top financial regulator said the decision to approve crypto-based exchange-traded funds needs to be approached with caution. While Japan has yet to approve crypto ETFs, the U.S., Hong Kong and Australia have all recently given the go-ahead to such products. The boss of Japan’s Financial Services Agency (FSA) said “cautious consideration” needs to be given to the decision of approving crypto-related exchange-traded funds (ETFs), Bloomberg reported. Many people believe crypto assets “do not necessarily contribute to the wealth creation of the Japanese people in a stable and long-term manner,” FSA commissioner Hideki Ito said in an interview with the…

Institutions Inject $95 Million Tether into Exchanges Amid Market Dip. Cumberland Adds $6.28 Billion to Crypto Market Since October 20, 2023. Cumberland Secures BitLicense, Enhancing Market Position and Trading Capabilities. With the global crypto market cap has risen by 4.66% to $2.03 trillion, although the total trading volume has decreased by 39.85% to $99.79 billion. Big investors have begun to put in more money, and there have been large transactions with Tether’s stablecoin, USDT. Meanwhile, Cumberland, a major player in the crypto industry, has injected 6.28B substantial funds into the crypto market since Oct 20, 2023. Cumberland received 95M $USDT…

The process, which started with the approval of the spot Bitcoin ETF in January, continues with the approval of the Ethereum ETF. Now, while the SEC is expected to approve S-1 filings for spot ETH ETFs to open for trading, VanEck and 21 Shares have filed for spot Solana ETF. While popular altcoins such as Solana (SOL), XRP and Liteceoin (LTC) are being discussed among the altcoin candidates that can receive ETF approval after Bitcoin and Ethereum ETFs, negotiations have begun for a surprise altcoin. At this point, ETC Grants DAO, a non-profit, decentralized autonomous organization dedicated to supporting the…

Ripple’s CEO Brad Garlinghouse and CLO Stuart Alderoty join the broader crypto community to react to Judge Analisa Torres’ final judgment in the SEC lawsuit. Judge Torres issued the highly anticipated final judgment Wednesday, ending the multi-year lawsuit between the SEC and Ripple. SEC v. Ripple Final Judgment As reported earlier, the U.S. District Judge ordered Ripple to pay a $125.03 million fine instead of the nearly $2 billion requested by the SEC following its violation of federal securities law via its past XRP institutional sales. Also, the court imposed a permanent injunction against future sales to institutions, mandating Ripple…

Cryptocurrency exchange OKX has announced the delisting of a large number of spot trading pairs as part of its ongoing efforts to maintain a high-quality trading environment. Affected pairs will be removed on August 9, 2024. OKX Will Delist Several Spot Trading Pairs OKX has decided to delist the following trading pairs: MSN/USDT, OMN/USDT, REP/USDT, BTC/EURT, ETH/EURT, EURT/USDT, IGU/USDT, PCI/USDT and SLN/USDT. This decision was made after reviewing the performance and listing attributes of these pairs in accordance with user feedback and the OKX Token Delisting/Delisting Guidelines. The delisting process will take place between 11:00 and 11:30 on August 9,…

Bitcoin price fell to a new 40-day bottom of $62,667 on Monday June 24, as institutional investors switch focus towards Ethereum and the roaring stock markets, here’s how BTC price could react in the week ahead. Bitcoin price tumbles below $63k First Time in 40-Days After a negative performance last week, BTC shed more than 150 billion from its market capitalization, accounting for over 12% in losses between June 15 and June 21. Over the weekend, bears further tightened their on the Bitcoin markets, with the pioneer cryptocurrency shaping up for a false start to the coming week. In the…

In a major development in cryptocurrency, Osmosis has seen impressive trading activity since the start of the month. It has witnessed over $282 million in trades across 2.5 million transactions through its front-end platform. This significant volume highlights the platform’s growing popularity and efficiency. Osmosis had over $282M in trades since the start of the month across 2.5 Million txns via the @osmosiszone front-end.Do you know how much these transactions would cost if it were on #ETH? Over $50 Million in fees, which is about 20% of the initial volume 😂Let that sink in pic.twitter.com/Bq9SRca4Tk — Blanco ⚡️ (@wassieblanca) July…