Author: NBTC

Solana Monkey Business took Thursday’s top spot on CryptoSlam’s daily non-fungible tokens (NFTs) sales rank with US$679,182 in sales. This is the second time in the week that the collection led the market. It led Monday’s sales chart, but conceded the position for two days, though it remained in the top 10 list of both days. Solana Monkey Business now has an all-time sales volume of US$214.17 million for the 30th spot. It sits about US$2 million from CyberKongz, the 29th collection on the all-time sales list. The Solana blockchain, home to the top-performing Solana Monkey Business collection, also experienced…

Ethereum is expected to experience high volatility this week, as spot Ethereum (ETH) ETF trading will begin on Tuesday. Market participants in the derivatives sector are preparing for potential selling pressure on launch day, followed by a gradual recovery. The Chicago Board Options Exchange confirmed on Friday that several spot Ethereum ETFs from fund managers including Fidelity, Franklin Templeton and VanEck will begin trading on Tuesday, July 23. This announcement led to an increase in ETH options open interest, reflecting market expectation of an upcoming increase in price volatility for ETH. For example, the implied volatility of ETH options increased…

Ripple stablecoin RLUSD will be launched with a compliance first approach, unlikely to face legal trouble, says SVP. Markus Infanger of Ripple says stablecoin aims to capture market share, expected to grow bigger in the coming years. SEC vs. Ripple lawsuit remains unresolved, XRP traders await settlement. XRP hovers around $0.60 after losing key psychological support on Tuesday. Ripple (XRP), the native token of the XRP Ledger slipped under $0.60, a key psychological support for the altcoin. The two key market movers are the Securities & Exchange Commission’s (SEC) lawsuit against Ripple and the upcoming stablecoin RealUSD (RLUSD). XRP trades…

Indian city of Raipur is bringing building records on Blockchain with AirChains. The initiative could prevent forgery and reduce processing time from a month to three days. Raipur, the capital city of the Indian state of Chhattisgarh, has started bringing real estate records on to the blockchain with the help of AirChains, an India based Zero-Knowledge (ZK) roll up. The Raipur Municipal Corporation administers the area issuing more than 8,000 building permits, work orders, and colony development permissions annually. The corporation floated a tender to have its records on blockchain and AirChain emerged as the partner through that process, Abinash…

Mt. Gox’s bankruptcy redemptions are bearish for BCH, not BTC, writes Presto Labs’ Peter Chung. Mt. Gox will send back to its former customers $73 million worth of BCH, worth over 20% of the token’s daily trading volume. Fears that selling pressure from bankruptcy redemptions from the estate of Mt. Gox will drive down the price of bitcoin (BTC) is unfounded, but it could be a bearish scenario for Bitcoin Cash (BCH), Presto Labs’ Head of Research wrote in a note. Bitcoin’s price continues to dip below $60,000, with over $200 million in liquidations as the trading day began in…

Ethereum has seen increased exchange activity as investors wait for the spot exchange-traded funds to start trading in the United States. According to data provided by Santiment, the amount of Ethereum (ETH) flowing into centralized and decentralized exchanges rallied by 116% in the past 24 hours — rising from 118,970 to 257,550 tokens. ETH price, exchange activity, supply on exchanges and dormant circulation – July 23 | Source: Santiment This movement is usually expected in bearish market conditions, but the approval of spot ETH ETFs has triggered a quite similar on-chain momentum since traders might be eying short-term profits. You…

Just recently, U.S. President Joe Biden has announced that he will not seek reelection in the upcoming 2024 Presidential Election. Biden stated that stepping down was in the best interest of the party and the country. In a follow-up post on X, Biden offered his “full support and endorsement” for Vice President Kamala Harris as the Democratic Party’s nominee. My fellow Democrats, I have decided not to accept the nomination and to focus all my energies on my duties as President for the remainder of my term. My very first decision as the party nominee in 2020 was to pick…

While notional open interest has dropped, OI in BTC terms has held steady alongside positive funding rates. That’s a sign of renewed demand for longs amid the price dip, according to observers. Notional open interest in bitcoin (BTC) futures and perpetual futures, a crucial market sentiment gauge, has declined roughly 18% from $37 billion to $30.2 billion in one month, alongside a 14% slide decline in the cryptocurrency’s spot market price, according to data source Coinglass. At first glance, the data indicates that longs or bullish leveraged bets anticipating a price rise have been squared off over the past four…

Analytics account @spotonchain spread the word about an ancient Ethereum Foundation wallet linked to the Ethereum ICO selling an impressive ETH chunk in the run-up to spot Ethereum ETFs going live later today. This entity made another ETH sale, but it was much smaller. Ethereum Foundation ICO wallet awakens The aforementioned data source reported that earlier today, a wallet that belongs to the Ethereum Foundation sold 100 ETH for 345,179 DAI stablecoins. It happened just a few hours before spot Ethereum ETFs are going live. Notably, @spotonchain also shared that before the above trade was conducted, a wallet that belongs…

Jupiter, the leading Solana DEX aggregator, is now taking up to 80% of the network’s priority fees through its validator, JupSOL. Jupiter aims to grow into a more competitive Solana app, while hosting a wider selection of trades. The DEX aggregator Jupiter is growing by months, expanding its influence on the Solana network. With more trades going through Jupiter, the DEX aggregator marks a noted increase in priority fees. JupSOL now surpassed the previous winner, Jito, by attracting more SOL fees. This also means JupSOL will pay out better rewards for delegating SOL. Jupiter now accounts for as much as…