Author: NBTC

Bitcoin exchange-traded funds (ETF) in the US experienced a significant week of outflows, which is seen by Bitfinex analysts as a local bottom for crypto. A total of $544.1 million left the funds in what was highlighted in the “Bitfinex Alpha” report as “a mix of basis/funding arbitrage unwinding, due to negative funding rates, and investors’ reactions to short-term negative news.” Additionally, aggregated Bitcoin (BTC) open interest also fell by over $450 million, with total BTC futures open interest now at $33.3 billion, down from the June 7th high of nearly $37 billion. Open interest in Bitcoin futures. Image: Coinglass/Bitfinex…

Cryptocurrency and NFTs get the last word in a new art exhibition at Oxford’s Ashmolean—Britain’s first public museum, founded in the 1670s. The museum’s ‘Money Talks: Art, Society and Power’ exhibition is about “using art as a lens for the social history of money, but also how art and money come together in different ways,” its curator Dr. Shailendra Bhandare explained. It’s fitting, then, that the exhibition closes with examples of how digital assets are reframing the intersection of art and money, with an exhibit showcasing NFTs including CryptoPunks and Rare Pepes. “I just could not skip this,” Bhandare said,…

Token unlocks in the crypto market are known to often—play a critical role in influencing market behavior and investor sentiment. According to a recent report from IntoTheBlock, understanding these unlocks is crucial for both investors and analysts aiming to gauge potential market movements. Token Unlocks and Market Impact Token unlocks are scheduled events where previously locked tokens become available for trading or other uses. These events are particularly noteworthy as they can lead to increased supply in the market, potentially affecting the token’s price. IntoTheBlock’s latest findings highlight the magnitude of these unlocks across various cryptocurrencies, with a sharp focus…

The Shiba Inu ecosystem is gearing up for a major transformation with the upcoming launch of Shiba Eternity Web3. In a recent tweet, Shiba Inu team member Lucie revealed the highly anticipated upgrade that will mark a shift from Web2 to Web3 technology. Lucie wrote in an X post: “Shiba Eternity Web3 is coming soon, transitioning from Web2.” 💥🎮 Shiba Eternity Web3 is coming soon, transitioning from Web2.💥🎮 THE BONUS ??? Welcome Package : To encourage Web2 players to migrate, the game offers a welcome pack loaded with in-game rewards.•Rewards Breakdown:Kibble Galore: Players receive Kibble based on their… pic.twitter.com/Af0EeLAl5k —…

Arbitrum said it has collaborated with stablecoin issuer Circle to support the use of bridged USD Coin (USDC) as a custom gas token for Orbit Chains, according to an Aug. 7 statement shared with CryptoSlate. The Ethereum-based scaling solution stated that this development is part of a broader set of initiatives it is currently pursuing with Circle. Arbitrum is the largest Ethereum Layer 2 blockchain network, with the total value of assets locked on it at $3.3 billion, according to DeFiLlama data, The network’s native ARB token hit an all-time low of $0.4317 on Aug. 5 amid a broader market…

Fundstrat’s famous market strategist Tom Lee shared his views on Bitcoin (BTC), stocks and technology in a recent interview. Lee, known for his bullish comments on Bitcoin and his accurate prediction of the last bull market, explained how he formulated price targets for Bitcoin. Lee emphasized that Bitcoin is different from other asset classes because of its cooperative value. Contributors to the network benefit from BTC, which distinguishes it from other assets. In 2017, when Bitcoin was around a thousand dollars, Fundstrat published a white paper highlighting that just two variables explained more than 80% of Bitcoin’s price movement: the…

Former professional kickboxer Andrew Tate recently shared his thoughts on the current state of the cryptocurrency market in an extensive interview. Here are some of the key points he covered regarding crypto: Introduction to Crypto: Tate expressed his intention to introduce himself to the crypto world, acknowledging that many people in the crypto community were already familiar with him. He emphasized his busy schedule and initial reluctance but decided to engage due to significant interest. Concerns with Crypto Culture: Tate discussed his dissatisfaction with the existing crypto culture. He criticized the culture for being largely about luck, gambling, and deceit,…

AxLabs has released neow3j v3.23.0, achieving compatibility with the latest Neo v3.7 release. This update introduces support for new native contract functions and documents four breaking changes across the SDK and devpack. New Features The new version of neow3j includes the recently implemented keccak256 hash function in the CryptoLib native contract. Additionally, the update supports the NeoToken native contract’s GetCommitteeAddress method, a helper function recently made public for developer convenience. Other modifications include the addition of the execNeoxpCommandWithDefaultConfig method, which simplifies the execution of neoxp commands when using neow3j for testing. Further, native contracts in the devpack now use expected…

Bitcoin is a revolutionary concept—a decentralized, peer-to-peer electronic cash system, store of value, timestamping server, and event sequencer with a fixed supply directly tied to real-world energy consumption. Its core values of scarcity, transparency, and decentralization offer a stark contrast to the traditional financial system. However, the rise of Bitcoin derivatives, seen by many as a bullish indicator, may actually threaten to undermine these very principles that make Bitcoin unique and potentially transformative. Bitcoin directly correlates to our natural resources As climate physicist Margot Paez argues, Bitcoin’s often-criticized energy consumption is increasingly tied to renewable sources. This connection to real-world…

Recent data from Lookonchain reveals intriguing activity in the cryptocurrency market involving $LINK tokens. Since June 24, approximately 93 new wallets have collectively withdrawn a substantial amount of 12.75 million $LINK tokens from Binance. The total value of this withdrawal is approximately $167 million. It suggests significant accumulation by a mysterious whale or institution. It seems that a mysterious whale/institution is accumulating $LINK!We noticed 93 fresh wallets withdrawing 12.75M $LINK($167M) from #Binance since June 24!https://t.co/SkqA1r0F1N pic.twitter.com/AJR4fT36VG — Lookonchain (@lookonchain) July 14, 2024 Large $LINK Token Transfer from Binance Hints at Strategic Investor Moves A large number of $LINK tokens’ transfer…