Author: NBTC

After weeks of worrisome trading, things appear to have come to a head for the crypto markets on July 4 as the price of Bitcoin (BTC) and many other major coins and tokens fell precipitously. The downturn proved, by press time, sufficient to see the total market capitalization of cryptocurrencies drop more than $130 billion within a single day from about $2.18 trillion to $2.05 trillion. Bitcoin, while risking a freefall as it struggles to hold on to a critical support level near $57,000, does not account for the entire drop as the total market cap of all other cryptocurrencies…

Total value locked on EigenLayer has dropped by 13% to $15.1 billion in the past 30 days, even though ether is trading at a similar level to June. Outflows can be attributed to the fickle nature of points farming and the limited returns on restaking protocols. Ether.fi has bucked the trend, experiencing growth in the period. Billions of dollars worth of ether (ETH) has been withdrawn from restaking protocols over the past month as the once trendy sector gets its first taste of the fickle nature of crypto investors. On June 25, ether (ETH) was trading at $3,300, a shade…

Blockchain intelligence platform Santiment recently released a 10-year chart of notable altcoins and their non-empty wallets (holders), illuminating their user base, market standings, and investor engagement. 📊 Below is the 10-year chart of notable altcoins and the amount of non-empty wallets (hodlers) on their respective networks:Litecoin: 8.08M WalletsDogecoin: 6.69M WalletsXRP Ledger: 5.24M WalletsCardano: 4.48M WalletsShiba Inu: 1.39M WalletsChainlink: 722K Wallets pic.twitter.com/BiF97RBJmz — Santiment (@santimentfeed) July 24, 2024 According to Santiment, Litecoin (LTC) tops the standings with 8.08 million non-zero balance wallets, reflecting its status as the oldest asset analyzed, having launched in 2011. This consistent growth suggests strong investor confidence…

Seven U.S. states have united in a coalition to challenge the U.S. Securities and Exchange Commission’s (SEC) regulation of cryptocurrency. The states filed an amicus brief arguing that the SEC’s “power grab” would stifle innovation, harm the crypto industry, and exceed its authority. Seven-State Coalition Opposes SEC’s Cryptocurrency Regulation The Office of the Attorney General of Iowa announced earlier this month that Iowa Attorney General Brenna Bird led a seven-state coalition in filing an amicus brief opposing the U.S. Securities and Exchange Commission’s (SEC) attempt to regulate cryptocurrencies. The amicus brief, supported by Arkansas, Indiana, Kansas, Montana, Nebraska, and Oklahoma,…

The Web3 upgrade of the Shiba Inu ecosystem game Shiba Eternity will feature ranked tournaments, NFT minting, and strategic gameplay enhancements. Shiba Eternity, the popular digital card game, is set to undergo a transformation with its Web3 integration. According to a recent update from Lucie, the marketing lead at SHIB.io, the game’s upcoming upgrade, Shibatopia arena, will introduce ranked tournaments and blockchain-backed card battles on the Shibarium platform. SHIBA ETERNITY ON SHIBARIUM ( IS NOT LIVE YET! ) Shibatopia arena: Shiba Eternity’s Web3 upgrade is coming ( this is just info) , featuring ranked tournaments and blockchain-backed card battles. •Web3-Powered…

Bitcoin’s price has been dropping aggressively lately, pushing below a significant support level. If a recovery does not happen soon, things can get much worse for the crypto market. Technical Analysis By TradingRage The Daily Chart As the daily chart demonstrates, Bitcoin’s price has failed to hold above the significant $60K support level and has also broken below the 200-day moving average, located around $58K. This is an extremely worrying signal, as the 200-day moving average is known to hold the price during Bitcoin bull markets. Therefore, if the $57K support level fails to prevent a further decline and the…

Following the SEC greenlight to commence trading, nine Ethereum spot exchange-traded funds have recorded $112 million in volume in under 15 minutes of trading. On Monday, the U.S. SEC approved the registration statements of nine Ethereum spot ETFs, allowing the products to commence trading. The agency disclosed that S-1 applications of Ethereum ETF seekers became effective on July 22. Notably, the effectiveness applies to Invesco & Galaxy, Fidelity, 21Shares, Franklin, BlackRock, Grayscale, Bitwise, VanEck, and Grayscale Mini ETF filings. Ethereum Spot ETFs Permitted to Trade The SEC’s latest endorsement follows multiple rounds of amendments to issuers’ S-1 applications in recent…

Kaspa (KAS), a cryptocurrency leveraging a proof-of-work (PoW) protocol, is making waves in the crypto space with its impressive market performance and strategic protocol adaptations. Despite the prevailing dominance of proof-of-stake (PoS) tokens, Kaspa has managed to carve out a significant niche for itself by enhancing its blockchain to boost scalability and speed, aligning it more closely with the benefits typically associated with PoS systems. Kaspa’s remarkable price surge Currently trading at $0.177, Kaspa has demonstrated a robust market presence with a daily trading volume of $35.21 million. The token’s price has risen by 2.03% in the past 24 hours.…

President Joe Biden’s decision to step aside has created an opportunity for the Democratic Party to regain the crypto vote ahead of the November election, experts and observers said Sunday. Voices within the crypto community, including Jake Chervinsky and policy group CIFonX, argue the Democrats could capitalize on the moment by shifting their stance on crypto and blockchain policy. Biden announced Sunday his intention to drop out of the U.S. presidential race, attempting to sway voters back to the party following calls this year for him to bow out due to concerns over his age. While Biden will finish his…

Bitroot, a pioneering Bitcoin programmable asset issuance protocol, has recently announced a significant partnership with Ordi Launch. This collaboration is aimed at enhancing the Bitcoin ecosystem by integrating Ordi Launch’s Inscription Liquidity Layer, which supports BRC20 and Ethereum. Ordi Launch is dedicated to improving the liquidity and accessibility of inscriptions, thereby lowering the barriers to entry in the cryptocurrency market. 🌟 PARTNERSHIP ANNOUNCEMENT 🥂 We are delighted to announce our partnership with @OrdiLaunch 🥳👏📌Ordi Launch is an Inscription Liquidity Layer for BRC20 and Ethereum, aiming to enhance the liquidity of inscriptions and improve accessibility. Ordi Launch’s mission focuses… pic.twitter.com/Ug48Z7WU3a —…