Author: NBTC

TL;DR Arbitrum’s Expansion Proposal: The Arbitrum Foundation is considering extending its Orbit chains beyond Ethereum. The proposal is undergoing an initial “temperature check” vote on Snapshot, with results expected by August 1, 2024. Going Beyond Ethereum: If approved, new Orbit chains could launch on diverse networks like Bitcoin, Binance Smart Chain, and Cosmos. Rising interest from projects outside Ethereum has prompted this expansion. Financial Model and Community Support: Orbit chains share 10% of profits with the Arbitrum ecosystem. Preliminary results show over 99% community support for deploying Orbit chains across various blockchains. The Arbitrum ecosystem, known for its innovative Layer…

Despite Bitcoin’s strong start in early 2024, crypto mining stocks outperformed BTC after the halving, with Hut 8 and Bitfarms delivering the highest returns. The fourth Bitcoin halving event has brought significant shifts in the crypto mining landscape, impacting smaller mining firms more severely, analysts at CCData wrote in a research report. This is due to “suboptimal infrastructure and the lack of economies of scale,” As a result, private equity firms consolidated smaller firms and integrated their infrastructure, despite recent headwinds for Bitcoin (BTC) itself. This strategic interest has led to a noticeable performance in mining stocks, the analysts say,…

Ethereum price reached $67,432 on July, up 6% for the day as bull traders place bet worth $1.38 billion ahead of Trump’s speech at Bitcoin Conference this weekend. ETH price looks set to record more upside amid the ongoing market shakeup. Ethereum Price Pumps 6% on Trump Speech Speculations ETH price entered a worrying 13.45% downtrend mid-week amid a sell-the-news wave that greeted the spot Ethereum ETFs launch on Tuesday, June 23. However, the sector sentiment flipped bullish on Friday, July 26, as markets began to react to Donald Trump’s confirmed appearance at an upcoming Bitcoin Conference in the USA.…

U.S. President Joe Biden will end his campaign for a second term, he announced Sunday, sending memecoins tied to his campaign plummeting and slightly decreasing former President and Republican nominee Donald Trump’s chances on the Polymarket prediction market. Vice President Kamala Harris is now the leading contender for becoming the new Democratic Party nominee for the 2024 race, according to another Polymarket contract. Biden gave his No. 2 a shout out in his departure letter, endorsing her in a second tweet shortly after announcing the end of his campaign. “Today I want to offer my full support and endorsement for…

Singapore — Matr1x, the cutting-edge Web3 platform reshaping gaming and entertainment, is thrilled to announce the launch of its governance token, $MAX. The token will commence OKX Jumpstart Mining today, with secondary trading on OKX Exchange starting August 5th. Prior to its official listing, $MAX achieved an impressive $1.5 billion valuation in the OTC market.—Matr1x, renowned for its leading Web3 mobile shooting game Matr1x Fire, has already made a significant impact with over 2.5 million downloads and nearly 100,000 daily active users. The $MAX token aims to drive community engagement and empower players within the Matr1x ecosystem, emphasizing decentralization, creator-centricity,…

The cryptocurrency exchange OKX has launched pre-market futures, which allow users to trade futures contracts with two-times leverage for upcoming tokens before they are sold to the public. According to the company’s announcement, the new feature allows traders to engage with upcoming tokens even before their official market debut. By offering futures contracts with leverage, OKX has promised to create a platform that opens up new avenues in the crypto trading world. The futures incorporate mechanisms from its expiry futures product, aiming to provide a better experience than traditional peer-to-peer (P2P) pre-market offerings. This offering reportedly enables customers to trade…

Forthewin Network has deployed its Smith feature to Neo X, Neo’s new EVM-based sidechain, becoming the first dApp to launch on the new network. To celebrate, FTW is hosting the Name Your Best Meme Coin on NeoX competition offering a share in a 100 GAS prize pool to ten users that create and deploy memecoins to Neo X using Smith. FTW is a DeFi platform that offers various features across Neo N3, Polygon, Ethereum, Base, and now Neo X, such as the Swap and Farm modules, NFT minting, and Smith, a no-code solution for launching tokens. With the launch of…

Bitcoin (BTC) broke its June downtrend and resumed its previous uptrend in July, according to the trader identified as Rekt Capital. The goal now is to build a price foundation from which BTC can “springboard” up to $71,500 over time. #BTC Strong start to July as Bitcoin continues to develop its cluster of price action at the Range Low area (green) The goal? To build a foundation from which it will be able to springboard to the Range High area at ~$71500 over time$BTC #Crypto #Bitcoin https://t.co/A2VKixFFp2 pic.twitter.com/40FEmVTscz — Rekt Capital (@rektcapital) July 1, 2024 Notably, Bitcoin formed a new…

A group called the ‘Golden Boys’ has pushed through a proposal, after three prior attempts, to direct $24 million in COMP token to a yield-bearing protocol called goldCOMP which would give passive income to COMP token holders. Wintermute and other large stakeholders are concerned that the move constitutes a governance attack on the protocol. COMP, the native token of the lending protocol Compound, is down over 6% as the Decentralized Autonomous Organization (DAO) that runs the protocol suffers from a possible “governance attack.” A governance attack occurs when an attacker acquires significant voting power in a DAO to manipulate the…

SBINFT has announced the relaunch of its NFT marketplace, SBINFT Market. The digital platform has been completely redesigned to incorporate new features and introduce major UI/UX improvements. The revamped SBINFT Market aims to simplify the user experience, making it easier for users to find and trade the digital collectibles they seek. The process of listing NFT collections on SBINFT has also been streamlined, thanks to a newly introduced partner application screen that accelerates partner onboarding. One of the key user experience improvements is the introduction of clearer project categories, enabling NFTs to be filtered by genres such as games, PFP…