Author: NBTC

The three firms will merge their crypto tokens under the auspices of AI-focused Web3 platform Fetch.ai’s FET, which will be renamed ASI. AI has captured the attention of the technology world for the last year and a half, with concerns aired that tech giants like Microsoft, Alphabet and Meta will establish a hegemony over the sector. The three-way merger of artificial intelligence-focused protocols Fetch.ai, SingularityNET and Ocean Protocol to form the Artificial Superintelligence Alliance (ASI) will complete on June 13. The three also plan to merge their tokens under the auspices of AI-focused Web3 platform Fetch.ai’s (FET), which will be…

Federal Reserve Chair Jerome Powell is set to testify before Congress later today. His words will likely carry significant weight for Bitcoin and the broader cryptocurrency market. Powell’s appearances before the Senate Banking Committee on Tuesday and the House Finance Committee on Wednesday come at a time when the relationship between monetary policy and digital assets is under increasing scrutiny. Last month, Powell made headlines in the crypto world when he acknowledged the staying power of cryptocurrencies. “We do see payments stablecoins as a form of money,” Powell said at the time, indicating a potential shift in the Fed’s stance…

A recent report from Bybit and Block Scholes reveals shifting investor sentiment in the crypto derivatives market, favoring ethereum over bitcoin. This insight, derived from analysis of market trends across various trading formats, highlights an optimistic outlook for ether, especially with the impending launch of spot ether exchange-traded funds (ETFs) in the United States. Shift in Crypto Derivatives: Ethereum Gains Edge Over Bitcoin The joint report by Bybit and analytics firm Block Scholes details the evolving landscape in spot trading volumes, futures, options, and perpetual contracts. The analysis points to a sustained volatility premium for ethereum (ETH) over bitcoin (BTC),…

The cryptocurrency market is heating up again with renewed spirit and significant capital inflow from whales and institutional investors. In particular, three notable whales have injected over $278 million into crypto exchanges through Tether’s USDT. Lookonchain reported this recent buy signal on July 16 in a post on X, tracking activity from whales and institutions. Notably, these activities originated from the Tether Treasury wallet address, sending USDT to two anonymous whale addresses and Cumberland’s wallet. Later, they sent the $278.7 million worth of the USD stablecoin token to Kraken, Coinbase, OKX, and Binance. This pattern suggests entities buying USDT directly…

Solana Superteam and DroppGroup have announced a strategic partnership to deliver innovative solutions and educational initiatives in Web3 in Saudi Arabia. According to the press release, the collaboration would offer three key benefits to the Kingdom, including the expansion of blockchain use, and the leveraging of ecosystem synergies. Leader in Artificial Intelligence and Blockchain Technologies integration DroppGroup (dropp) has collaborated with Solana Superteam to advance Web3 adoption in Saudi Arabia. According to the press release, the partnership is designed to tap into the expertise of DroppGroup in Web3 and AI solutions while leveraging the provisions of the Solana (SOL) based…

BCH fell 20% last week, its biggest loss in three months, as Mt. Gox announced creditor repayments. Slippage surged across centralized exchanges, signaling poor liquidity as prices fell. Bitcoin cash (BCH), a cryptocurrency created by a hard fork of the Bitcoin blockchain in 2017, fell 20% last week, its biggest slide since April, according to data on TradingView and CoinDesk. The sell-off happened as defunct exchange Mt. Gox said it would begin paying back creditors the roughly $9 billion worth of tokens taken in a 2014 hack. That includes $73 million worth of BCH, equating to 20% of the token’s…

Relative richness of ether’s short-term options-induced implied volatility suggests a pick up in hedging activity. The U.S.-listed ether ETFs are expected to begin trading next week. The impending debut of U.S.-based exchange-traded funds (ETF) tied to ether’s (ETH) spot price has investors scrambling to the options market to hedge or protect existing market positions from price swings. Implied volatility (IV), or options-derived market expectations for price turbulence over a specific period, has ticked higher across timeframes, according to data sources Deribit and Kaiko. That’s a sign of increased demand for options or derivatives offering protection against price swings. A call…

The CME “FedWatch” tool shows a 91.2% probability of the Federal Reserve maintaining current interest rates in August, with an 8.8% chance of a 25 basis point rate cut. Meanwhile, the probability of the Fed keeping interest rates unchanged in September is 0%. Instead, there is an 85.7% likelihood of a cumulative 25 basis point rate cut. There’s also a 13.7% chance of a cumulative 50 basis point reduction, while a 75 basis point cut is considered highly unlikely, with only a 0.5% probability. The Federal Reserve held rates steady in June, signaling that potential rate cuts might not occur…

The Solana community is clearly in the midst of a cultural shock as numerous celebrities are entering the space with meme token launches, which creates an unseen case for the space. Caitlyn Jenner, Iggy Azalea and more celebrities launched numerous tokens, some of which have already plummeted substantially, bringing losses to investors, which clearly disappoints the majority of the Solana community. Through all this, we have three words, according to analyst Chris Burniske: “Just stake SOL.” Burniske, in his latest X post, gave clear articulation of his disinterest in celebrity coins, claiming that his interest is in the social dynamics…

AKEDO Games, a prominent platform within the gaming community, has recently obtained a strategic investment. As per the company, The Open Platform (an advanced venture capital firm focusing on the expansion of Web3 technologies), has invested in it. With this move, AKEDO intends to revolutionize the gaming sector on Telegram and TON. For this purpose, the company is leveraging its resilient distribution and development expertise. The Open Platform Provides a Strategic Investment to AKEDO Games The team of AKEDO has reportedly contributed to a few of the most popular game titles. They take into account PUBG Mobile, Rise of Kingdoms,…