Author: NBTC

Bitcoin and Gold Eric Balchunas, a senior ETF analyst, has recently compared Bitcoin to “gold as a teenager.” The relation between two assets can shed some light on how Wall Street sees crypto assets in the current situation. For those wondering buying bitcoin ETFs is not allowed there. If it were my guess is they’d be going gaga for them given how much FOMO they have been showing for gold and US stocks (btc easily outperforming both) — Eric Balchunas (@EricBalchunas) April 8, 2024 The surge in demand for Bitcoin has coincided with significant selling of gold ETFs, which experienced…

Ethereum investors are underpricing the impact of spot ETH ETF launch, says K33 Research. Grayscale’s moves to reduce potential outflows for ETHE upon its ETF conversion. Ethereum could face sell-off if key indicator declines further. Ethereum (ETH) is up 2% on Tuesday following predictions from K33 Research that investors are underpricing the upcoming ETH ETF launch. Meanwhile, Grayscale is making moves to reduce potential outflows from its Grayscale Ethereum Trust through its Ethereum Mini Trust. Daily digest market movers: Underpriced ETH ETF, Grayscale’s Mini Trust move Ethereum has been the most popular crypto among traders in the past 24 hours…

By 2025, exchange-traded funds (ETF) in cryptocurrency will represent 5% of hedge fund and pension fund portfolios, according to the predictions of blockchain expert Fiorenzo Manganiello. The predictions of the founder of LIAN Group on crypto ETFs The statements of Manganiello The role of crypto ETFs in institutional portfolios The predictions of the founder of LIAN Group on crypto ETFs The intervention of the co-founder and managing partner of LIAN Group follows reports that BlackRock’s Bitcoin spot ETF has accumulated 16.7 billion dollars in assets since it was launched in January 2024 (Financial Times). Additionally, further cryptocurrency ETFs are about…

So much for Donald Trump meme coins crashing. MAGA (TRUMP) and other meme coins inspired by the former U.S. president plunged in price immediately after Thursday’s verdict, in which Trump was convicted of 34 felony counts in his “hush money” trial. But the slump was very short-lived. In fact, the unofficial TRUMP token not only regained its brief losses, but the price of the Ethereum-based token rapidly shot up even higher than it was before the verdict announcement. And then it kept going, rising to hit a new all-time high of $16.84 per token late Thursday, per data from CoinGecko.…

Sovereign Nature Initiative, a unique NGO devoted to the research and conservation of marine life, has announced an exclusive collaboration. As per the platform, it is joining forces with WalletConnect and Unique Network on Polkadot to officially launch DOTphin. DOTphin project utilizes non-fungible tokens (NFTs) to promote environmental conservation, specifically focusing on marine life. The community has provided resilient support and approved the endeavor via Polkadot OpenGov. Sovereign Nature Initiative Partners with Polkadot to Release DOTphin Dynamic NFTs reportedly power the project that focuses on improving event management as well as offering real-world ecological effects. With DOTphin, the event participation…

The top cryptocurrency Bitcoin has been showing a gradual downtrend in recent days. This scenario has paved the way for both types of speculations, with analysts explaining the possible outcomes in the positive and negative price performance. Recently, a popular analyst “Ali” revealed this situation in a recent post on the social media platform X. If #Bitcoin can reclaim $64,290 as support, it is likely to rise towards $76,610. However, if it fails to surpass $64,290, $BTC might retest support at $51,970. pic.twitter.com/s4D1fTEU7k — Ali (@ali_charts) May 12, 2024 Crypto Analyst Offers a Couple of Potential Scenarios about Bitcoin The…

Elwood Technologies, a worldwide fintech platform that develops infrastructure for digital assets, has recently made an ETH deposit. As per Lookonchain, the famous on-chain analytics providing firm, the platform has deposited a huge amount of nearly 17,900 ETH coins to the prominent crypto exchange Binance. This figure reportedly equals $54.9 million. The on-chain analytics company took to its official account on X to discuss this event. Elwood(@elwood_io) deposited 17,900 $ETH($54.9M) into #Binance in the last 28 hours.https://t.co/Y38nXm3wUu pic.twitter.com/97mNQXuu7u — Lookonchain (@lookonchain) July 9, 2024 Elwood Sends 17,900 ETH Coins to Binance Lookonchain pointed out in its recent tweet that the…

Rome Protocol has secured $9 million in a funding round to integrate modular services from the Solana network into Ethereum’s ecosystem. The protocol stated that its funding round included several notable investors like Hack VC, Polygon Ventures, HashKey, Portal Ventures, Bankless Ventures, Robot VC, LBank, Anagram, TRGC and Perridon Ventures. The round also included notable angel investors, such as Solana’s Anatoly Yakovenko and Austin Federa. Other investors included Nick White, Santiago Santos, Comfy Capital, and Jason Yanowitz. Rome protocol According to the protocol, the platform would be designed to integrate Solana’s capabilities into services on Ethereum. This approach will allow…

Solana co-founder Raj Gokal told Consensus attendees that user demand drives memecoins’ popularity, offering a fun way to attract new participants. Solana (SOL) has become the go-to blockchain for memecoins speculation. While the increased on-chain activity has been a boon to SOL prices, it has also generated debates about the chain’s position in the blockchain ecosystem. What else could memecoins be?https://t.co/8ZVhwkVwLy — vitalik.eth (@VitalikButerin) March 29, 2024 CoinGecko reported Solana is the fastest-chain of the lot, processing thousands to millions of memecoin transactions. On the other hand, developers have rugged several users through SOL memecoins, and celebrities are now backing…

OKX revealed its launchpad for Web3 games called OKX GameSphere. Launchpads are important as they lower the entry requirements for game developers to navigate and integrate Web3 into their games, shared Jason Lau, OKX’s Chief Innovation Officer, with Crypto Briefing. GameSphere offers a unified launchpad with Wallet as a Service (WaaS) and game promotion solutions. Notably, key features mentioned in the announcement include tools for developers to realize their ideas, simplified development and deployment processes, and APIs for in-game markets facilitating token swapping and NFT trading. Moreover, the OKX GameSphere should be seen as a consolidation of efforts to support…