Author: NBTC

In 2010, Satoshi Nakamoto introduced a concept that could still fundamentally alter the trajectory of not just Bitcoin, but all of crypto — merged mining. Merged mining was an effort to allow Bitcoin to extend its reach beyond its single-chain nature and provide numerous benefits that could not otherwise be achieved. Yet amid the noise and fervor of modern-day Bitcoin maximalism, this groundbreaking idea often remains unjustly maligned, or simply overlooked. It’s now time for the entire Bitcoin community to recognize that Satoshi’s design transcends the confines of a single chain. The basics of merged mining Merged mining and its…

Ethereum (ETH) has just been freed from an aggressive sell-off by a top whale, spotted about a week ago. According to data from crypto analytics platform Lookonchain, the Ethereum whale, identified as the open-source decentralized computing platform the Golem Project, just staked 40,000 ETH. This staked fund is worth $124.6 million as of the time of staking. Ethereum freedom after intense Sell-off Per previously referenced posts by Lookonchain, the Golem Project started sending thousands of ETH to centralized exchanges on July 8. In the first wave of the sell-off, the protocol sent 24,400 ETH worth approximately $72 million to Binance,…

Layer3, a reward protocol for activities and milestones, now offers special prizes for Arbitrum users. The Layer3 campaign will run for four more weeks, offering daily point rewards for completing engagement with various apps in the ecosystem. In May, Layer3 was among the best tokenless protocols, with more than 5K accounts engaging. It lost the top spot only to EigenLayer and its point reward systems. Layer3 is also among the top Arbitrum apps, with increased volumes in recent weeks. Layer3 impact on Arbitrum pic.twitter.com/Va9Ygy5zoi — Brandon Kumar (@Brandon_M_Kumar) May 10, 2024 The spike in Layer3 users coincides with the CUBEs…

T-Rex introduces new leveraged spot Bitcoin ETFs! Are you ready for 2x (double) and -2x (inverse double) exposure to Bitcoin’s price movements? These new ETFs are set to challenge big players like ProShares and VolShares, however market is cheering this move as it can potentially revive the down market. Here’s what it means for you. Launching Today: T-Rex with 2x and -2x spot bitcoin ETFs which will challenge ProShares and VolShares, whose leveraged btc ETFs already have about $2b combined. That’s how good the getting is in this category right now. pic.twitter.com/PfZALdSQUc — Eric Balchunas (@EricBalchunas) July 10, 2024 A…

An Ethereum (ETH) whale moved a major amount of ETH earlier today. Per the latest data from Whale Alert, the whale moved 14,815 coins to crypto trading platform OKX. The transfer is estimated to be worth around $46.6 million based on the current price level. The whale appears to be reducing its ETH holdings, and this transfer is suspected to be a sell-off. It comes at a crucial time as the Ethereum price is looking to initiate a recovery after the recent market dump. Consequently, the community is worried about whether this sell-off can halt the price’s recovery. It is…

NEAR Protocol, a Web3 platform using Chain Abstraction technology, recently announced a new project. According to the platform, it is introducing “NEAR name tokens” that offer a more resilient solution for digital identity, as well as providing several other capabilities through digital identity. The company informed the community about this development on its official X account. “NEAR name tokens” work as a cross-platform, multi-chain digital identity that benefits Web3 users. The firm says it is working in collaboration with D3. Both companies are trying to fill the gap between Web3 and traditional Internet infrastructure. In this regard, “NEAR name tokens”…

According to the analytics X account @lookonchain, earlier today, a mysterious whale transferred a significant amount of PEPE meme coins to the Binance exchange. This gave the asset’s price a major push downwards, making it fall another 11% from the recently reached all-time high. The whale moved close to one trillion PEPE to the aforementioned exchange. Billions of PEPE deposited to Binance The above-mentioned tweet shows that several hours ago, an anonymous cryptocurrency trader transferred a whopping 660.7 billion PEPE coins to be sold on Binance. The X post reveals that the whale had purchased that many meme coins a…

Market analysts pinpoint a crucial price level that could dictate the next price direction Bitcoin takes from the current position. According to pseudonymous market watcher Micro2Macro, this level rests on the 200-day moving average. Notably, Bitcoin (BTC) is currently witnessing a consolidation phase amid the drop in selling pressure. Despite the sustained distribution from the German government, the market has found some stability. Consequently, Bitcoin has continued to consolidate since last Saturday, seemingly indecisive. The crypto eventually saw a breakout today, spiking to retest the $60,000 territory. However, it faced immense resistance at the $59,459 high, subsequently losing the $59,000…

Ethereum could rally in Q3 following reduced US inflation and launch of spot ETH ETFs. Ethereum’s on-chain activity shows mixed sentiment among investors. Bearish exhaustion candle could signify a downturn for ETH if SEC delays ETH ETF approval. Ethereum (ETH) is up 0.5% on Thursday following cooling inflation reports in the US. However, mixed on-chain sentiment signals uncertainty among investors despite the potential launch of spot ETH ETFs. Daily digest market movers: CPI data, mixed on-chain signals, increasing supply Ethereum’s price is expected to react positively in the coming days to the recent decline in the US Consumer Price Index…

Recent rumors suggest that the Chicago Mercantile Exchange (CME) will not launch a Solana (SOL) futures product, causing a stir in the financial markets. CME has neither confirmed nor denied these speculations, leaving the market in a state of uncertainty. Unverified Claims: CME May Not Launch Solana Futures After the Securities and Exchange Commission (SEC) approved spot Ethereum ETFs, experts began to actively speculate about the next ETF candidate. While many believe Solana could be the perfect fit, others note that filing for a spot ETF for the altcoin might be challenging because CME has not yet listed SOL futures.…