Author: NBTC

Bitcoin (BTC) has driven a bloodbath in the crypto sector while increasingly facing bearish sentiments amid uncertainty among investors regarding the next move. With market sentiment low, crypto trading analyst Alan Santana has offered insights into what he termed the best-case scenario for Bitcoin in July. It’s worth noting that historically, July has largely been a positive month for the maiden crypto. “The truth is clear and Bitcoin right now is red. This is only the second month and there is room for much red before the major bull-market takes place. This is normal. This is expected… This is what…

Solana Monkey Business topped CryptoSlam’s non-fungible token (NFT) sales charts on July 22, with US$875,914 in total sales. The collection saw 122 unique buyers, matching the number of sellers, and an average price of US$5,308 per NFT. This surge in daily sales has bolstered SMB’s all-time sales volume to a new high of US$212.48 million. The Solana-based monkey-themed collection entered the top 30 list for all-time NFT sales over the weekend, pushing SATS BRC-20 NFTs out of the rankings. The second-highest performing collection of the day was gETH Locked Deposit. This NFT, which represents locked gETH on the Ethereum layer-2…

The Ethereum Foundation says it’s readying an update on how it plans to address questions of ethics after two members of its core developer team took roles at a staking protocol—and were rewarded with valuable tokens. “We are aware of the current conversation about potential conflicts of interest, and share the community’s concerns,” tweeted Aya Miyaguchi, Executive Director of the Ethereum Foundation, on Friday. “It is clear that relying on culture and individual judgment has not been sufficient, and we have been working on a formal policy to address this problem for a while now,” she added. The Ethereum Foundation’s…

ExSat is thrilled to announce a strategic alliance with HashKey Cloud, a Hong Kong-based Web3 infrastructure service provider that is recognized as a worldwide leader. As one of the first groups of validators on the mainnet upon launch, HashKey Cloud is set to join the testnet as a Data Validator. Since 2018, HashKey Cloud has been the leading provider of global Web3 infrastructure services, specializing in offering customers all over the globe professional, dependable, and secure blockchain services. Their vast expertise includes more than 80 mainstream public chains, in addition to current ventures into Ethereum Layer 2 and Bitcoin Lightning…

The largest cryptocurrency could drop to as low as $50,000 in coming weeks as billions of dollars of supply may be released to the market. The prospect of bitcoins from defunct crypto exchange Mt. Gox and the German government hitting exchanges has sent the price plunging 10% in the past seven days. Bitcoin (BTC) traders expect prices to drop to as low as $50,000, a level not seen since mid-February, in the coming weeks, as the largest cryptocurrency by market cap could face billions of dollars worth of selling pressure. BTC prices have nosedived more than 10% in the past…

The Solana meme coin creator who suffered third-degree burns across a large portion of his body this week took to Twitter to confirm that he’s alive—and looking to return to the project in a week. Mikol, as he’s called, got the burns while performing livestreamed stunts to try and pump the price of his token. “We are alive, we have not given up on you,” the dev said from his ICU bed, visibly burnt after being pelted with fireworks. “I’ll probably be here for another three days, but right after that, you’re going to see me right back in Miami.…

Mt. Gox will repay 141,686 BTC in three phases, starting with 71,403 BTC from July to October. The repayment process includes individual creditors, credit funds, and exchanges, with returns up to 100 times the initial investment. Market analysts predict only 50% of repaid BTC will be sold, amounting to 35,700 BTC, likely mitigating severe market impact. Mt. Gox will begin the payment of 141,686 BTC this month. Investors are eagerly awaiting the start of this process and its effect on the market. The payback will occur in three phases, each with its own market effects. MT GOX DUMP FUD 🚨…

HAVAH users can now enjoy native cross-chain asset swaps and borrowing against tokens on Balanced, thanks to ICON’s Cross-Chain Framework. This development marks a significant step in HAVAH’s integration with other blockchains, expanding the horizons for seamless value transfer across integrated chains. @BalancedDAO has launched on @HAVAHofficialGame On! 🚀 HAVAH users can now explore a new horizon of interconnected blockchains with seamless value transferhttps://t.co/hJ2ViTpghk — ICON – Connecting Blockchains 🌐 🔀 (@helloiconworld) July 22, 2024 According to a report from the firm, on July 22, 2024, Balanced officially launched on HAVAH, providing new options for native cross-chain swaps and stablecoin…

Celsius (CEL) led the crypto gainers with massive surges over the past day. The altcoin gained jumped nearly 145% to hover at $1.30 during this writing. Celsius’ 145% surge The altcoin outshined the crypto market as the broad market displayed recoveries. Massive trading volumes and heightened whale activity added to CEL’s upside steam. Celsius saw its trading volume jumping 1,300% within the past day to $10.35 million at press time. The impressive daily performance has outpaced top digital assets like Bitcoin and Ethereum, with their 1.55% & 0.21% daily gains, respectively. Community reacts to CEL’s surges While 30-day inflows indicate…

Unusual trading volumes were detected in several altcoins on Upbit, South Korea’s largest cryptocurrency exchange. The altcoins in question include Tezos (XTZ), Chiliz (CHZ), Theta Fuel (TFUEL), Aave (AAVE) and Wax (WAXP). On the 4-hour chart, Tezos (XTZ) showed a significant increase in trading volume on Upbit. While the average 50 4-hour volume was $79,000, the last recorded volume was $146,000, indicating an increase of 85.39%. However, trading volume on Binance decreased by 59.8%, from an average of $625,000 to $254,000. Chiliz (CHZ) also experienced an increase in trading volume on Upbit. While the average 50 4-hour volume was $9…