Author: NBTC

Ethereum could break through numerous resistance levels and even enter the path toward an ATH after numerous ETFs might potentially get approved next week. However, staying cautious is still extremely important. The market has been buzzing since 10 Ethereum ETFs, including VanEck Fidelity and Grayscale, have announced their upcoming launches next week. These ETFs may result in large capital inflows into Ethereum, similar to the substantial capital inflows that Bitcoin saw following its approval of ETFs. The approval of Bitcoin ETFs has historically raised investor interest and resulted in significant inflows, which has raised prices. Ethereum’s price may see a…

Blockchain data provider Allium Labs has raised $16.5 million in a Series A round led by Theory Ventures. Allium Labs along with Visa also released its latest findings on stablecoin activity showing that demand for stablecoins has picked back up in 2024. Data platform Allium Labs, which provides enterprise-grade blockchain data to companies like Visa, Stripe and Uniswap Foundation, has raised $16.5 million in a Series A funding round, it announced Thursday. The funding round was led by venture capital firm Theory Ventures whose founder Tomasz Tunguz will join the board as part of the investment. Tunguz said “The demand…

The prominent meme coin issuer Floki Inu has recently unveiled its trading bot. The platform took to the social media forum X to disclose the recent mainnet launch of “Closed Beta” which is a bot for trading FLOKI. FLOKI is the native token of the platform. It added that the launch of the project has taken place on the Base, BNB, and Ethereum’s (ETH) mainnets. ANNOUNCING: The Floki Trading Bot Closed Beta Mainnet LaunchWe’re pleased to announce the launch of the Closed Beta of the Floki Trading Bot on the mainnets of the Ethereum, BNB, and Base blockchains! The beta…

In another disturbing push for censorship from a major cryptocurrency player, Binance has defeated Bloomberg Businessweek’s China arm in a defamation lawsuit after the media outlet titled an issue from 2022, ‘Changpeng Zhao’s Ponzi Scheme.’ The outlet was quick to change the title to ‘The Mysterious Changpeng Zhao,’ but apparently this near-instant alteration did not matter to Binance or Chinese courts. The article in question described how Binance marketing works, expressed that CZ and his companions had urged retail to buy memecoins, that Binance contributed to investors getting burned by Terra/Luna, told of a secret Shanghai office, and, lastly, discussed…

Metaplanet, a publicly traded company listed on the Tokyo Stock Exchange and often compared to MicroStrategy, has acquired an additional 42.47 BTC, valued at approximately 400 million Japanese Yen (around $2.3 million), the company shared in a Sunday announcement. *Metaplanet purchases additional 42.47 $BTC* pic.twitter.com/dPotWszW1Y — Metaplanet Inc. (@Metaplanet_JP) July 8, 2024 The fresh acquisition came after Metaplanet’s purchase of ¥200 million in Bitcoin last week. The move also marks the company’s fifth Bitcoin purchase over the past four months, bringing its total holdings to over 203 BTC, worth about 2 billion Yen (over $11 million). The average purchase price…

The spot Ethereum exchange-traded funds (ETF) are set to start trading on July 23rd, as predicted by Bloomberg ETF analysts James Seyffart and Eric Balchunas. As reported by Crypto Briefing, most asset managers submitted their S-1 forms, except Proshares. As the potential launch day gets closer, experts shared their expectations for the Ethereum (ETH) price, painting a divided landscape. Eneko Knörr, CEO of Stabolut, highlighted the Bitcoin (BTC) price movement before the spot ETF approval when BTC jumped from $26,000 to $46,000. “This surge was driven by a combination of the ‘halving effect’ and the anticipation surrounding the ETF approval.…

Outlier Ventures, a prominent Web3 accelerator, has recently announced a strategic partnership. The platform has partnered with Morgan Creek Digital, an early-phase investor dealing with digital assets and blockchain technology, to initiate an innovative accelerator project within the Latin American zone. Morgan Creek Digital will back the project as its venture partner. Additionally, the selected teams will obtain nearly $200K in capital investment apart from the mentorship during the project. Morgan Creek Digital and Outlier Ventures’ New Collaboration Set to Start LATAM Accelerator Project The project reportedly focuses on detecting and backing the brightest and finest Web3 ventures in the…

Key Points: Fantom launches Meme Season campaign with a 10 million sFTMx token reward pool to attract new users and developers. The Fantom Meme Season campaign’s first round runs from June 1 to June 30. Fantom transitions from Opera to the new Sonic chain, offering higher throughput and Ethereum connectivity. The Fantom Foundation has unveiled the Fantom Meme Season campaign, a strategic initiative aimed at drawing new users and developers by showcasing Fantom’s cutting-edge technology. Fantom Meme Season Campaign Launched The Fantom Meme Season campaign centers on both the current Opera network and the soon-to-be-launched Sonic chain, focusing primarily on…

Ava Protocol, a leading Web3 infrastructure project, has launched its mainnet on Ethereum (ETH), introducing a new system for automating smart contract transactions, according to the latest information shared with Finbold on July 16. The new development allows developers to make use of Ava Protocol’s transaction automation, privacy features, composability, and other features within their decentralized applications (dApps) across the Ethereum ecosystem. Revolutionizing on-chain operations with autonomous transactions Ava Protocol’s activation model revolutionizes on-chain operations through autonomous “super-transactions” based on specific triggers such as time, price changes, or smart contract updates. This simplifies automation processes, reducing the technical barriers for…

Bitcoin’s slump dropped to under $54,000 below its 200-day simple moving average. The fall comes as Mt. Gox began to repay customers & German government continues to sell its sized Bitcoin holdings. As Bitcoin experiences its anticipated summer lull, renowned crypto analyst Benjamin Cowen has talked a lot about Bitcoin’s summer slowdown, a period when its price tends to dip or stagnate. Now that this slowdown is here, Cowen is focusing on what the rest of the year might look like. The big question is whether Bitcoin can climb back above its BMSB in the next few weeks or will…