Author: NBTC

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 —…

LockDealNFT came out as the top-performing non-fungible token (NFT) collection on July 24, with a total sales volume of US$617,880, according to CryptoSlam data. LockDealNFT is a collection tied to Poolz Finance, a cross-chain launchpad platform. The NFT is available on multiple chains including Ethereum and Polygon. But its iteration on the BNB Chain was the one that CryptoSlam’s sales chart on Wednesday. The second-ranking collection for the day was Solana Monkey Business, which operates on the Solana blockchain. It recorded a daily sales volume of US$602,262 with 106 unique buyers and 108 sellers. This collection currently sits on the…

Spot Ethereum ETFs preceded by Bitcoin are finally opening for trading today. While analysts generally state that there will be a buy-the-rumor-sell phenomenon for Ethereum, they cite spot Bitcoin ETFs as an example. At this point, QCP Capital said that although the ETH ETF launch was long awaited, the market reaction was weak and ETFs did not affect the market and price. Stating that the reaction of the ETH price to the ETF launch was suppressed, analysts said that investors are waiting to see whether there will be a sell event in ETH ETFs, as in BTC. Comparing with BTC,…

Bitcoin and cryptocurrency markets have experienced a major collapse in the last 24 hours. While the Bitcoin price fell below $60,000, a total of $200 billion has been deleted from the cryptocurrency market since July 1. While this decline in Bitcoin also affects the altcoin market, especially Ethereum, ETH increased by 4.5% in the last 24 hours; Solana (SOL) 7.5%; Telegram-linked Toncoin (TON) 7.3%; BNB fell by 5.9% and Dogecoin (DOGE) by 7.6%. While the decline made investors nervous, 10x Research founder Markus Thielen predicted that Bitcoin would fall to $ 50,000 in his current analysis. Thielen expects Bitcoin to…

Following spot Bitcoin ETFs in the USA, spot Ethereum ETFs were finally opened for trading today. While Ethereum is ahead of Bitcoin, which has undergone a successful ETF process, it is estimated that there will be significant inflows into ETH ETFs, although not as much as BTC. At this point, while analysts think that ETFs will cause the ETH price to rise, if not at first, Matt Hougan, one of Bitwise managers, also stated that he thinks the Ethereum price will exceed $ 5,000 within a few months after the ETFs are opened for transactions. Matt Hougan made a new…

Arbitrum, a layer-two scaling solution for Ethereum, is experiencing substantial inflows. Recent data reveals that a multi-signature wallet associated with the Arbitrum network deposited $25 million worth of ARB tokens, equivalent to approximately $20.13 million, into Coinbase. This significant transfer has sparked speculation about its potential market implications. 7 hours ago, a multi-sig wallet (may belong to @arbitrum) deposited 25M $ARB (~$20.13M) to #Coinbase.Those tokens were transferred to 6 other wallets right after that.Address:https://t.co/Rw0MU21n2H pic.twitter.com/ZeQtobAz8u — The Data Nerd (@OnchainDataNerd) July 24, 2024 A closer look at the transaction details reveals that the 25 million ARB tokens deposited at Coinbase…

While some policy officials hold out hope for a reduction in the crypto tax, most experts don’t expect any changes. The industry’s primary desire is to see the 1% tax deducted at source reduced to 0.01%. India is unlikely to change its controversial tax-deducted-at-source (TDS) policy on crypto transactions when Finance Minister Nirmala Sitharaman reveals her full budget for 2024-2025 on Tuesday, experts said. The budget is the first since Prime Minister Narendra Modi was elected for a third straight term. What’s different this time is Modi’s Bharatiya Janata Party (BJP) unexpectedly failed to secure a majority, needing to form…

US spot Bitcoin ETFs registered slight outflows on Wednesday. The German Government transferred another 3,000 BTC, valued at $174 million, on Thursday. On-chain data shows positive exchange netflow, and the Taker Buy Sell Ratio declines. Network Realized Profit/Loss (NPL) data shows an uptick on Wednesday. Bitcoin (BTC) faced rejection at the daily resistance level of $63,956 on Monday, resulting in a 4.2% decline over the next two days. BTC’s price extends its downward move and falls below $58,000 on Thursday, adding more than 4% losses in the day. On-chain data indicates whales are taking profits, exchange supplies are increasing, US…

Spot Ethereum exchange-traded funds (ETFs) debuted to robust investor interest within the first 90 minutes of trading, amassing a total volume of $361 million across the nine newly launched ETFs. Bloomberg senior ETF analyst Eric Balchunas shared the initial data on social media and noted that the impressive start ranks these ETFs among the top 1% in overall ETF volume, comparable to well-established funds such as TLT and EEM. Leading the pack, Grayscale’s ETHE reported the highest volume at $147.8 million, followed by BlackRock’s ETHA with $71.4 million and Bitwise’s ETHW at $50.4 million. Fidelity’s FETH also saw significant activity…

Analysts have commented on the U.S. dollar trend following President Joe Biden’s decision not to seek re-election, noting a slight decline in the dollar against a basket of currencies. Bank of America’s head of global foreign exchange research mentioned: “There is a growing consensus that the dollar will be stronger if Trump wins due to tax cuts and tariffs. However, it’s more complicated as Trump doesn’t want a strong dollar.” Analysts Weigh in on USD Trend Amid Political Shift The U.S. dollar experienced a slight decline against a basket of currencies and a notable drop against the yen on Monday,…