Author: NBTC

Michael Saylor left a cryptic message, most likely addressed to the German government, as their selling operations are placing enormous pressure on the market, practically destroying the momentum of Bitcoin and other assets. The translated message says, “Everyone gets Bitcoin at the price he deserves.” The recent operations of the German government’s Bitcoin wallet are relevant to the message’s background. The German government wallet receives Bitcoin for the first two days in a row at the end of business hours. According to some analysts, this is a buyback following a sale. In reality, though, these unsold Bitcoins are being returned…

A recent report reveals a significant forking in investor sentiment between Ethereum (ETH) and Bitcoin (BTC). Bybit, the world’s second-largest cryptocurrency exchange by trading volume, published its latest Crypto Derivatives Analytics Report in collaboration with BlockScholes. According to that report, market trends and trading signals across spot trading volume, futures, options, and perpetual contracts show a growing bullish sentiment toward ETH. Investors are optimistic about ETH because of the imminent launch of the first Ether Spot ETFs in the United States. This optimism is reflected in ETH’s sustained volatility premium over BTC even amidst the recent market activity and sell-off.…

Federal Reserve Chair Jerome Powell has recently delivered remarks that might have implications for crypto market. On Monday, Powell stated that the central bank will not wait until inflation reaches 2% before cutting interest rates. Powell, speaking at the Economic Club of Washington, D.C., cited the premise that central bank policy operates with “long and variable lags” to explain why the Fed would not wait for its target to be met. According to Powell, the Fed seeks “greater confidence” that inflation will return to 2%. Powell stated at the opening of his address that he did not aim to provide…

First Binance then OKX have clamped down on prime brokers who offer their clients lower fees. Some trading firms claim this is a step towards less efficient markets and a result of large exchanges looking to boost their volumes. As the world’s largest cryptocurrency exchanges crack down on brokerage firms that have bundled together clients to take advantage of lower trading fees, some market participants are warning the move could harm markets. Binance was the first to prevent prime brokers from leveraging its multitiered fee system to lower their own costs and offer rebates to clients, making changes to its…

While the selling pressure on Bitcoin causes the price to fall, Mt.Gox and the German government’s BTC sales are shown as the sources of this selling pressure. At this point, the giant US investment company VanEck acknowledged the negative impact of the German government’s recent Bitcoin sales and Mt.Gox refunds on the Bitcoin price and shared its predictions in its last note to its customers. Matthew Sigel, Head of VanEck Digital Assets Research, shared the note they sent to their customers in his post on his X account. Mt. Stating that $3 billion of the $8 billion Bitcoin was distributed…

Crypto analyst Linda has made a bullish case for Ethereum (ETH), predicting that the second-largest crypto token by market cap could rise to $4,000. The analyst also explained what could lead to such a price surge. Why Ethereum Could Reach $4,000 In a post shared on TradingView, Linda highlighted the potential approval of the Spot Ethereum ETFs as one factor that could trigger a move to $4,000 for Ethereum. She noted that the sentiment around these funds is positive, with traders waiting for news from the US Securities and Exchange Commission (SEC). These Spot Ethereum ETFs are expected to be…

Backed, a real-world asset (RWA) tokenization platform, has introduced five new tokenized equities to expand investment opportunities for eligible non-US investors, as per the latest updates disclosed to Finbold on July 16. The five new offerings include bMSFT (Microsoft), bGME (GameStop), bMSTR (MicroStrategy), bTSLA (Tesla), and bGOOGL (Alphabet Class A, Google), each backed one-to-one by shares of these major companies. More investment venues for non-US investors The new tokenized equities enable investors to gain exposure to S&P 500 companies while ensuring their assets remain on-chain and self-custodied. This launch follows Backed’s earlier products like bCSPX (Core S&P 500), bCOIN (Coinbase…

In Partnership with the LINKS Foundation TL;DR:The IOTA Foundation is working with its long-term partner LINKS Foundation to bring privacy-preserving selective disclosure credentials to IOTA Identity. This solution allows users to selectively share parts of credentials at their full discretion. In October 2023 the Cybersecurity Research Group at the non-profit research center LINKS Foundation announced their ZKryptium library for zero-knowledge selective disclosure credentials and their intention to integrate them into IOTA Identity. Since then we’ve worked together on making these techniques available for users of IOTA Identity, the digital identity framework based on IOTA Technology. The LINKS Foundation has also…

Samson Mow, former CSO at Adam Back’s Blockstream and now the chief executive at a Bitcoin-focused company Jan3, has made a bullish statement on Bitcoin and what is happening to all the BTC that is being sold by large market players at the moment. Samson Mow’s Bitcoin statement Samson Mow has tweeted that despite the huge sales that continue to be made by large entities, such as the German government, or massive Bitcoin transactions made by the defunct crypto exchange Mt Gox recently. Mow believes that the demand for Bitcoin remains strong and the market is absorbing all the Bitcoin…

ETH exchange traded-funds issuers were told by the SEC that funds can start trading July 23, according to sources. The SEC had no further comments on the recently submitted S-1s and the final versions needs to be submitted by Wednesday. ETH outperformed BTC on Monday, on the news of potential ETF trading approval. Prospective issuers of a spot ether (ETH) exchange-traded fund (ETF) were told by the Securities and Exchanges Commission (SEC) on Monday that the funds can begin trading next Tuesday, two sources familiar with the matter told CoinDesk. SEC officials told one issuer that the regulator had no…