Author: NBTC

The price of bitcoin was today more than 20% below its record set in March, which, going by the traditional finance narrative, would mean it’s now entered a bear market. Those old rules don’t really apply to crypto. Bitcoin, ether and practically all other cryptocurrencies regularly see swings of that scale, also during bull markets, even if they’re becoming less common. All of this puts buyers of the new spot bitcoin ETFs in an awkward spot. The funds debuted in early January — when bitcoin traded around $44,000 — three months before its current all-time high of nearly $73,400. Bitcoin…

Meme cryptocurrency Shiba Inu (SHIB) has managed to surpass Cardano (ADA) by market capitalization. According to CoinMarketCap, the two cryptocurrencies are currently valued at $16.9 billion and $16.5 billion, respectively. The price of the second-largest meme coin has surged by more than 16% over the past 24 hours, significantly outperforming other major cryptocurrencies. Dogecoin (DOGE), which currently occupies eighth place by market capitalization, has recorded only a modest 2.4% increase. However, smaller meme coins are also rallying hard. For instance, Solana-based dogwifhat (WIF) has surged 21.4%, outperforming SHIB. Floki (FLOKI) and Bonk (BONK) have also managed to record double-digit gains.…

Key Points: The Basel Committee, under BIS, introduced a comprehensive disclosure framework for banks’ crypto asset exposure on January 1, 2026. Banks must disclose qualitative and quantitative data on crypto assets to boost market transparency and regulatory compliance. Basel Committee commits to ongoing monitoring of crypto markets, ensuring frameworks evolve with emerging risks and safeguarding financial stability. Basel Committee crypto standards have unveiled the long-awaited final disclosure framework to regulate banks’ exposure to crypto assets. Basel Committee crypto standards are scheduled for implementation on January 1, 2026; this framework marks a significant milestone in the global financial regulatory landscape. At…

Bitcoin prices rebounded after dropping below $53,219 on July 3rd, reaching a potential local bottom according to the latest edition of the “Bitfinex Alpha” report. The initial price decline was triggered by fears of selling from the German government and Mt. Gox creditors. Market sentiment shifted as traders reassessed the impact of the German government’s Bitcoin transfers to exchanges, recognizing it as a relatively small proportion of total Bitcoin transactions since 2023. Additionally, volatility metrics indicate a narrowing spread between implied and historical volatility, suggesting increased market stability. Implied volatility vs Historical Volatility. Image: Deribit Metrics/Bitfinex Notably, short-term holder behavior…

The Omni Network (OMNI) project aims to significantly enhance the Ethereum (ETH) ecosystem by providing a unified rollup layer that improves scalability and integration across various rollups. OMNI combines innovative features like dual staking models, sub-second validation, and backward compatibility to create a powerful tool for developers. By addressing fragmentation and scalability challenges, OMNI facilitates seamless cross-rollup programming and integration, making Ethereum’s full network effects more accessible to decentralized application (dApp) developers. Contents hide 1 What is Omni Network? 2 How Does Omni Network Ensure Security? 3 Concrete Benefits for Users 4 OMNI Coin Overview 5 How to Buy OMNI…

Venture capitalists and other Silicon Valley figures have embraced Donald Trump’s attempt to retake the U.S. presidency. Their rationale? To billionaire Mark Cuban, it’s being driven by cryptocurrencies. “It’s a bitcoin play,” Cuban posted Wednesday on X. Trump as president “makes it easier to operate a crypto business because of the inevitable, and required, changes at the” U.S. Securities and Exchange Commission, he added. The crypto industry has roundly criticized the SEC for making it difficult to run a digital asset business in the U.S. (Cuban is no stranger to criticizing the SEC, the markets regulator with which he once…

Notcoin, the game that ignited the Telegram crypto gaming craze, is now teaming up with rising games in the scene that it created—and Notcoin players who have reached a certain account level can get exclusive benefits. Pixelverse’s PixelTap and the Elon Musk-themed Musk Empire both announced team-ups with Notcoin on Wednesday. PixelTap’s collaboration comes just one day before creator Pixelverse launches its PIXFI token on The Open Network (TON), which will yield rewards for players—though details of an airdrop remain vague as of this writing. According to a Telegram post, Pixelverse will offer staking rewards for Notcoin (NOT) token holders,…

On Saturday, Bitcoin experienced a robust rally, climbing above $58,250. Despite this upward movement, it was unable to sustain the momentum and close above the 200-day Exponential Moving Average (EMA). This led to the formation of a bearish engulfing candlestick pattern on Sunday, signaling potential downside momentum. Currently, Bitcoin is trading below $56,000, positioning it at a critical juncture in terms of technical analysis and market sentiment. Sina G, the COO and co-founder of 21st Capital, provided a breakdown of the factors influencing Bitcoin’s price trajectory today, particularly highlighting recent declines and evaluating its undervalued state through sophisticated metrics. Starting…

The mysterious SHIB lead developer Shytoshi Kusama has published some tweets after a week’s pause. These posts seem to carry a bullish message to the SHIB army. In the meantime, the Shiba Inu leader is approaching a major milestone of 1 million followers on the X platform (formerly known as Twitter). Recently Kusama has not been treating the community to his tweets often, posting them with roughly a week’s pause in between. WOOF! — Shytoshi Kusama™ (@ShytoshiKusama) May 29, 2024 Shytoshi Kusama’s tweets bullish mood as SHIB soars 19.3% Shytoshi Kusama broke his week’s silence on the X app by…

Vitalik Buterin argues against supporting candidates just based on “pro-crypto” stances. He said by doing so “you are helping to create an incentive gradient where politicians come to understand that all they need to get your support is to support ‘crypto’.” Ethereum co-founder Vitalik Buterin shared his thoughts in a blog post on Wednesday, arguing against supporting candidates purely based on whether they are “pro-crypto.” Buterin, viewed as Ethereum’s intellectual leader, argued against supporting candidates purely based on their crypto stances. He wrote that “by publicly giving the impression that you support ‘pro-crypto’ candidates just because they are ‘pro-crypto,’ you…