Author: NBTC

Core, renowned for its Bitcoin-powered and EVM-compatible blockchain, has announced the launch of mBTC, introducing the first-ever non-custodial BTC staking. This groundbreaking development allows users to stake Bitcoin without giving control of their assets. It marks a significant milestone in blockchain technology. 🚀Be ready! M-BTC is live on @Coredao_Org!#Core known for Bitcoin-powered, EVM-compatible blockchain, is introducing the first non-custodial BTC staking.🥳Now users can bridge mBTC to #Core, here’s how:1️⃣ For quick and small amount transfer(< 2 mBTC), please use… pic.twitter.com/fbeSjisb59 — Free (@Protocol_Free) July 3, 2024 Core Simplifies BTC Staking with mBTC Integration Using this new feature, users can link…

The Cryptonomist interviewed Matt Losquadro and Noah Litvin, two core contributors of Synthetix— a leading derivatives markets ecosystem and liquidity layer for permissionless derivatives like perpetual futures. Synthetix recently announced the scaleup of its Arbitrum deployment plan — expanding its V3 liquidity layer and turnkey protocol for creating perpetual futures and derivatives. This deployment marks a significant milestone in Synthetix’s multi-chain strategy, following its successful expansion into Base earlier this year. With Matt and Noah we spoke about the rising appeal of decentralized derivatives among fund managers and traders amidst new perps trading markets coming on-chain. Synthetix has recently scaled…

On-chain data suggests that Ethereum faces substantial resistance at the $3,500 price level as the price retreats from the threshold. IntoTheBlock shared details on Monday that show the above price point continues to prove tough for Ethereum (ETH) bulls since July 16. At the time of writing, ETH is hovering around $3,448 and has slipped 1.8% in the past 24 hours, retreating from intraday highs above $3,560. But why is the $3,500 to $3,600 price level likely to be a major supply wall for Ethereum? Per IntoTheBlock, the main factor aiding bears around this zone is the 3.13 million Ethereum…

Bernstein analysts are still very focused on publicly traded Bitcoin mining companies in the months after the most recent halving event. In a research note on Wednesday, the firm benchmarked 12 Bitcoin mining companies, highlighting significant upside for those with improved power strategies and efficiency. The analysis suggests that Bitcoin miners could narrow their current 90% valuation discount, or disadvantage, compared to traditional data centers by optimizing their power portfolios and embracing cutting-edge efficiency measures. “We believe Bitcoin miners by focusing on an active ‘power’ strategy and pushing the frontiers of power efficiency, can make a stronger case for valuation…

Shiba Inu (SHIB) has maintained the uptick in its burn rate metric just as the Ethereum ETF launch announcement dominated the broader crypto market. It remains unclear whether or not this burn rate is a transfer from earlier in the week; however, jumping by 482% in 24 hours has rebooted hidden sentiments about the meme coin. Shiba Inu burn rate and implications Per the data from Shibburn, the burnt tokens come in at 60,380,203 SHIB, effectively reducing the total tokens sent to dead wallets to date. Amid the erratic nature of the burn rate, the tokens burnt over the trailing…

The US Securities and Exchange Commission (SEC) filed a lawsuit against famous short investor Andrew Left and his company Citron Research for stock manipulation. The SEC alleges that Andrew Left and Citron Research committed fraud and made illegal profits. The SEC charged famed short trader Andrew Left with fraud, arguing that he and his company, Citron Research, routinely made exaggerated or misleading statements about relevant stocks. Citron Research announced in a recent X post that they were short on Gamestop (GME) stock. SEC made the following statements in its statement: “The Securities and Exchange Commission today filed suit against short…

Sui Bridge enhances cross-chain integration and interoperability for Sui Network. Sui Foundation integrates AWS Blockchain Node Runners to improve Sui infrastructure. Sui Bridge has experienced substantial growth in recent months. This advancement not only broadens the reach of Sui-based apps, but it also provides stronger connectivity with the larger blockchain ecosystem. It has four major components: the bridge committee or node network, smart contracts, the full nodes that run on Ethereum and Sui, and the bridge client. Have you tried Sui Bridge on Testnet? Never even *heard* of Sui’s native bridge? Whatever your experience with the protocol, the moment is…

BNB Chain has announced the official launch of OpenLiquidity. This innovative feature enables users to maximize the value of their locked liquidity tokens. With OpenLiquidity, it is now possible to trade locked liquidity of decentralized exchange (DEX) tokens. In addition to this, it is also possible to engage in lending and borrowing activities using liquidity pool (LP) tokens as collateral. We’re excited to see @open_liquidity now live on BNB! 🙌Open Liquidity allows you to do more with your locked liquidity tokens. Check out their post below for more 👇 https://t.co/J9FX50QyGd — BNB Chain (@BNBCHAIN) July 27, 2024 OpenLiquidity Launches, Offering…

Spot Ethereum exchange-traded funds (ETFs) are set to launch on July 23rd, and the initial inflows to these products might affect the crypto price, according to a report by Kaiko. Following SEC approval of exchange rule changes for these funds, ETF issuers have finalized details with the SEC, including fee structures revealed in recent S-1 filings. “The launch of the futures-based ETH ETFs in the US late last year was met with underwhelming demand, all eyes are on the spot ETFs’ launch with high hopes on quick asset accumulation,” stated Will Cai, head of indices at Kaiko. “Although a full…

In a recent discussion on CNBC’s Squawk Box, Anthony Scaramucci, founder of SkyBridge Capital, emphasized the importance of bipartisan support for Bitcoin and crypto regulation. Scaramucci highlighted the urgency of bipartisan cooperation in shaping crypto policies. “We need to make Bitcoin and the regulation around blockchain and cryptocurrency bipartisan,” he said. He and prominent figures like Mark Cuban and Michael Novogratz have been in discussions with White House officials to convey the risks associated with what he termed as the “Gary Gensler, Elizabeth Warren, anti-crypto approach.” The SkyBridge Capital founder pointed out that recent market movements were influenced by substantial…