Author: NBTC

Launch of spot ether ETFs in the U.S. will push the price of the crypto to all-time highs above $5,000, the report said. Bitwise said money flowing into new ether spot ETFs will have a larger impact than it did for bitcoin. Ether spot ETFs are expected to draw in $15 billion of net inflows in the first 18 months. The launch of spot ether (ETH) exchange-traded funds (ETFs) in the U.S., expected to occur next week, will push the price of the second largest cryptocurrency to all-time highs above $5,000, Bitwise said. It may not happen immediately and price…

Japanese blockchain company Soramitsu Labs is preparing to initiate a proof-of-concept experiment for a central bank digital currency (CBDC) in Papua New Guinea at the request of the country’s central bank. The Tokyo headquarters says the initiative aims to use blockchain technology to create a “common platform for Pacific island nations.” Papua New Guinea, struggling with a number of financial inclusion and security challenges, is looking for new blockchain-based solutions to address these issues. Violent crime, including robbery, is common in many areas of the country, hampering financial inclusion and safety. Soramitsu said implementing a CBDC could serve as a…

A trader who nailed the May 2021 Bitcoin collapse believes BTC could see more downward price action before igniting a renewed rally en route to new all-time highs. Pseudonymous analyst Dave the Wave tells his 146,700 followers on the social media platform X that BTC may revisit the “buy zone” of his logarithmic growth curve (LGC) model before carving a local bottom. The LGC model aims to predict Bitcoin’s longer-term cycle lows and highs while filtering out shorter-term volatility. According to the analyst, BTC may be mirroring its early 2017 price action when it witnessed a 40% correction before launching…

According to a report by BlockBeats and data monitored by The Data Nerd, considerable whale transactions occurred on July 17 when 1,665 ETH was moved from Blast to Binance. These ETHs, bought over eight months ago for $2,055 a pop, are now worth close to $5.78 million. If sold at their current values, that should bring a decent flip profit of $2.36 million. This move indicates strategic positioning in the crypto market and may suggest future moves by the trader or another entity with a stake. Investors and market watchers are watching such significant moves closely. News of 1,665 ETH…

Following FED Chairman Jerome Powell’s positive statements on inflation last week, September is considered certain for the first interest rate cut, while new statements came from FOMC member John Williams. Speaking to the Wall Street Journal, Williams said the Fed is “getting close” to a point where it could start cutting interest rates but won’t have enough data before the September meeting to prove inflation is on a sustainable path to 2%. “Based on the data and what we have seen over the past three months (I will also include June) I think the data is getting us closer to…

Olympic gold medal winner Caitlyn Jenner appears to have launched a Pump.fun token, which sent Crypto Twitter into a meltdown. That’s led Decrypt down a rabbit hole to find the person who claims to have deployed the JENNER token on Pump.fun. “We love crypto!” Jenner posted on Twitter followed by a Pump.fun link and a photo with Donald Trump. The JENNER token quickly made it onto decentralized exchange Raydium—a key goal for Pump.fun tokens—and is currently up 24,838% since its creation. “I’m connected with pretty much every celebrity,” Sahil Arora told Decrypt, claiming that he deployed the JENNER token. But…

Bitcoin (BTC) lost a four-month price range after breaking down from $60,000, trading as low as $53,540. Now, a prominent cryptocurrency analyst believes BTC can revisit its lows and maybe drop even further in a bearish context. CrypNuevo shared this analysis in his “Sunday Update” as a thread on X, pointing to key technical indicators. In the analyst’s words, “The next key level to the downside is exactly $51.7k.” Essentially, the $51,700 price level matches with leverage liquidation pools formed after the wick down to $53,540. Moreover, it matches the 50-week exponential moving average, which is a solid price and…

Mendi Finance leverages advanced strategies to maximize staking rewards. Key risk indicators include liquidity management and whale impact analysis. Leveraged restaking has become a popular cryptocurrency method, allowing users to receive airdrops from Liquid Restaked Tokens (LRTs) in addition to leveraged staking payouts. Layer 2 solutions (L2s) and associated protocols have quickly included LRTs into their ecosystems, capitalizing on this emerging trend. Mendi Finance and Zero Lend are two prominent players who use this method and have significant Total Value Locked (TVL). Leveraged Restaking On Linea🧵 Leveraged restaking has become a popular strategy to earn airdrops from LRTs on top…

The Ethereum (ETH) supply on exchanges has reached its 34-month highs as the asset’s price surpasses the $3,500 mark. ETH is up by 2.3% in the past 24 hours and is trading at $3,490 at the time of writing. The second-largest cryptocurrency — with a $419 billion market cap — briefly touched an intraday high of $3,517 earlier today. ETH price, whale activity, RSI and supply on exchanges – July 17 | Source: Santiment Ethereum’s daily trading volume also surged by 7.6%, reaching $19.8 billion. You might also like: Bitcoin mining stock analyst discusses ‘Trump Bump’ According to data provided…

Cross-chain interoperability protocol Owlto Finance has raised new funds in a round backed by Matrixport, propelling its valuation to $150 million. Owlto Finance, a cross-chain bridging service developed as Ethereum‘s layer-2 roll-up solution, has attracted fresh capital in a funding round backed by Matrixport, boosting its valuation to $150 million. Launched in 2023, Owlto Finance boasts support for more than 45+ networks within the Bitcoin, Ethereum, and Solana ecosystems. Although the size of the funding wasn’t disclosed, it’s understood that the proceeds will help the startup expand its network support as well as advance a new interoperability protocol, which will…