Author: NBTC

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…

Aethir’s robust and fast-growing ecosystem has taken a significant leap forward by welcoming Grampus, a veteran in the Web2 gaming industry, into its fold. This collaboration aims to support Grampus’ 33 million-plus users, enhance their Web3 gaming experience, and expand their reach to a wider audience. Aethir’s robust fast-growing ecosystem gets even bigger as we welcome @gram_voyage, a Web2 OG, into the @AethirEco 🤝Elated to support their 33M+ users to enhance their Web3 gaming experience and reach an even wider audience 🎯🚀Check out the announcement for more info 👇🏻 https://t.co/MxBZaeyaR6 — Aethir (@AethirCloud) July 25, 2024 The global gaming market…

The decentralized finance (DeFi) landscape is about to witness a significant milestone with the release of Safuu 2.0 on the BASE Blockchain. As the first rebasing protocol on this burgeoning blockchain, Safuu 2.0 is set to redefine earning potentials and investment strategies for its extensive user base. Developed by the innovative entrepreneur Bryan Legend, Safuu 2.0 introduces groundbreaking technology, including Statically Charged Rebasing, promising to usher in a new era of sustainable and lucrative DeFi solutions. BASE Blockchain: A Growing Ecosystem The BASE Blockchain has rapidly become one of the most dynamic and promising platforms in the DeFi space. With…

Although Bitcoin started July well, it fell to $ 58,500 with subsequent declines. While investors who are already at a loss are wondering about the reasons for the decline and whether it will continue, analysts evaluate that the uncertainty in the US economy, Mt.Gox payments and whales’ BTC sales are behind the decline. At this point, Bit.com Marketing Director Toya Zhang, in his statement to The Block, listed the events necessary for Bitcoin to rise: “While many analysts and experts are predicting a significant increase in July, we believe it is difficult to see a significant increase without the lack…

Fidelity noted that the Ethereum network experienced its highest period of inflation in the second quarter. Layer 2 transactions increased 20% since the Dencun upgrade in March, the report said. Ethereum’s base layer fundamentals declined in the quarter, Fidelity said. The Ethereum blockchain experienced its highest period of inflation in the last quarter with about 110,000 ether (ETH) added to the total supply, equivalent to an annual inflation rate of 0.37%, Fidelity Digital Assets said in a report last week. “While dramatic fluctuations in ether’s supply are unlikely in the short- to medium-term, the growing preference for lower-fee layer 2…