Author: NBTC

A crypto trader who nailed the 2022 Bitcoin bottom thinks that BTC is at risk of witnessing an over 15% correction. In a new strategy session, pseudonymous analyst DonAlt tells his 59,300 YouTube subscribers that Bitcoin is in danger of losing its range low and support at $61,000 again after reclaiming it earlier this month. DonAlt warns that a daily close below $61,000 is a huge sign of weakness that will likely trigger a sell-off event that sends BTC close to $50,000. “This is just the bearish scenario. This was just kind of the complacency bounce off of the range…

Core DAO, an EVM-compatible chain powered by Bitcoin to offer Bitcoin’s non-custodial staking, has announced a new development. As per the company, it has upgraded its coreBTC token with a noteworthy enhancement by permitting lockers to utilize several assets for collateral. Apart from the CORE coin, the initial supported asset takes into account stCORE (a liquid staking coin). Say hello to an upgraded experience with coreBTC🔶In addition to the CORE token, the liquid staking token stCORE can now be used as collateral support for coreBTC. Productive collateral, since it generates yield while locked!But there’s more to come in order to…

A bigger percentage of Ethereum (ETH) blocks are specifically built to contain selected transactions. The rise of private mempools and block builders is raising questions about frontrunning advantages and the fairness of decentralized trading. Ethereum (ETH) is showing a bigger share of custom-built blocks, where transactions are specially selected. The practice of rearranging transactions has affected multiple networks, especially Solana. There is also data on Bitcoin having its own form of front-running transactions. The emergence of Ordinals and Bitcoin-based tokens has invited tools to front-run or block transactions, which may also result in private mempools. The trend of Ethereum private…

Distributed web3 infrastructure startup ThirdFi has raised $2 million in token funding backed by Chainlink, Techstars, and others. ThirdFi, a web3 infrastructure startup aimed at making decentralized finance more accessible via API, has secured $2 million in its THI token funding to scale its operational expenses in the upcoming blockchain artificial intelligence (AI) market, which the firm expects to grow to $2.7 billion by 2031. In a Wednesday blog announcement, the Singapore-based startup said the funding was supported by a group of investors, including Techstars, Chainlink, Outlier Ventures, Alphabit Capital and others. With the latest capital infusion, ThirdFi claims its…

The team behind the Shiba Inu ecosystem warns its community members to be wary of new crypto projects launched by celebrities. Shiba Inu marketing lead Lucie conveyed the warning via an X post titled “Crypto and Celebrities.” In the post, Lucie admitted to being initially captivated by celebrities’ recent involvement in crypto due to her love for musicians and celebrities. Crypto and celebrities 😅 Okay, as a fan of musicians and celebrities, I was easily starstruck by their presence in crypto. But after an interesting chat with a friend and reading a few posts on Twitter, let’s step back and…

Tech giant Block has reached an agreement with a Bitcoin mining firm, Core Scientific. Block will supply the mining firm with new and improved 3-nanometer mining application-specific integrated circuit (ASIC) chips. The two companies have not yet revealed the finances of the deal. However, the mining chips are expected to yield an additional 15 exahashes per second to Core Scientific’s current mining capacity of 24.6 exahashes per second. The two companies released a joint press release acknowledging they had come to an agreement that is currently among the largest ASIC agreements in the industry. According to the announcement, the Block…

API3 has officially launched the OEV (Oracle Extractable Value) Network on its mainnet, a significant addition to the API3 Oracle Stack. This network aims to help lending protocols recapture OEV lost during liquidations, enhancing the efficiency and profitability of these protocols. The solution to oracle extractable value is here! 🎉🚀 @OEVNetwork is officially live and integrated with the API3 Oracle Stack.Every lending protocol, on every API3 supported chain, now has a built-in solution to recapture protocol MEV.It pays to upgrade your oracle. 🪙 pic.twitter.com/I0rSpTUb6l — API3 (@API3DAO) July 9, 2024 At launch, several protocols, including Orbit Protocol, INIT Capital, and…

Financial expert explains how and why Bitcoin will overturn gold. He says it is a matter of 5 years until Bitcoin topples gold as the most valued asset. He urges investors to shift their mindset now before it’s too late. In a sparkling discussion kicking off the new week, the crypto community discusses the implications of Bitcoin’s (BTC) rise over the value and place of gold. The discussion ends with the resounding inevitability of gold’s fall from grace and Bitcoin with the title of most valuable asset in the word. I feel bad for anyone with a significant amount of…

Echelon has unveiled Bonds, a groundbreaking guild system enabling gasless and permissioned digital asset sharing within its ecosystem. This system is set to undergo Alpha testing in the coming weeks, involving Parallel players and administrators from five Bonds. Bonds allow players to borrow NFT cards and complete decks without any upfront costs, enhancing the free-to-play nature of Parallel by making access to NFTs and PRIME rewards completely free through a sharing system for gameplay winnings. According to the firm’s report, several key components of Bonds operate on-chain, including membership, member management, and rewards distribution. Each Bond is represented by an…

With US spot ether ETFs expected to launch very soon, a missing detail in several of the proposals remains the fee they will charge to investors. Those are likely to be listed on the final registration statements, or S-1s — submitted after the Securities and Exchange Commission says it is ready to allow them to begin trading. This could be as soon as this week, people familiar with the filings have told Blockworks. While price is typically an important fund feature in the competitive ETF arena, being the cheapest is not a guarantee to winning an asset race in any…