Author: NBTC

May marked a historic month for the crypto market after the SEC finally greenlit Ethereum exchange-traded funds (ETFs). After years of relentless pushback and tireless advocacy from pro-crypto activists, this approval presented a golden opportunity to market Ethereum in ways that have not been previously anticipated. The timing of this approval couldn’t be better. It comes at a moment when global financial markets are increasingly open to on-chain investments, such as the $11.7 billion capital inflow to Bitcoin ETFs since January 2024. This article explores how the Ethereum community can leverage these new circumstances to position ETH as a leading…

Hidden Road has expanded the use of BlackRock’s BUIDL token by accepting it as collateral across its network. In addition to the new crop of exchanges, liquidity providers B2C2, IMC and Laser Digital, and software vendors Talos and TT have also joined Hidden Road. Hidden Road, a global credit network for institutions that includes trading in digital assets, said it added a clutch of major exchanges to its prime brokerage platform. It also expanded the use of BlackRock’s BUIDL token by accepting it as collateral across its network. The company is now integrated with Coinbase International Exchange (following a tie-up…

Base, the Ethereum layer-2 scaling network launched by top U.S. crypto exchange Coinbase, generated more than $6 million in on-chain profits in May, making it the most profitable layer-2 network while topping the likes of Blast and Optimism in the process. Base’s surging profits have been fueled by a rapid increase in total value locked (TVL), according to L2BEAT, in turn driven by Ethereum’s implementation of EIP-4844 and proto-danksharding via the anticipated Dencun upgrade in March. According to blockchain analytics platform GrowThePie, Base generated the most on-chain profit of any layer-2 chain with $6.1 million in May, followed by $1.5…

Cronos zkEVM announces the Pioneer Program, which is designed to reward early users for interacting with dApps on the platforms. The incentivization program will recognize early supporters of the ecosystem ahead of the mainnet launch in Q3. Over the coming weeks the Pioneer Program — which offers a variety of social and community missions — will launch gradually. Through these quests, users can explore Cronos zkEVMs features and services and earn loyalty points. Participants will be able to claim their points as the program advances by using ecosystem dApps. In order to compensate users in both native dApp tokens and…

Ethereum is trading at $3.4K, up by 4.87% over the past week. The largest altcoin’s daily trading volume is up by 51.96% in 24 hours. The crypto market is slightly recovering from the bearish momentum, and Ethereum (ETH), the largest-capped altcoin has increased by 2.75% in the last 24 hours, with the price at $3,477. Amid the market fluctuations, an Ethereum whale transferred 7,000 ETH valued at $24.28 million, to the crypto exchange Kraken after 209 days of inactivity. The whale participated in the Ethereum Initial Coin Offering (ICO) in 2015. Despite the transfer, the whale still holds 40,000 ETH,…

Bitfinex Securities Ltd and Mikro Kapital today announced the launch of two new tokenized bond issues, offering durations of 11 and 36 months with coupon rates of 10% and 13.5% respectively. The bonds will be issued monthly on the Liquid Network, a Bitcoin side-chain, with a minimum raise of 500,000 Tether USD (USDT) and a cap of 10,000,000 USDT. This initiative follows a Memorandum of Understanding signed last October to expand innovative financing in microfinancing sectors, and the proceeds from these bonds will fund microfinance and sharing economy projects, aiding small businesses and entrepreneurs in emerging markets. The capital raise…

Toncoin surged from $6.60 to $6.93 in 24 hours, showing a bullish trend. TON’s trading volume dropped 53.83%, but its market cap increased by 4.96% to $16.73 billion. Whale transactions over $100,000 surged by 237%, indicating major moves by large holders. Toncoin (TON) is currently exhibiting a strong bullish trend, trading within an ascending channel that indicates positive momentum. The price consolidation around the $6.816 level suggests a potential shift towards further upward movement. Key resistance levels have been identified at $7.230 and $7.671, which Toncoin needs to surpass to maintain its rally. In the past 24 hours, Toncoin’s price…

A federal judge overseeing the U.S. Securities and Exchange Commission’s case against Binance ruled that most of the case can proceed, but dismissed charges tied to the sale of BUSD and secondary sales of BNB. Secondary sales The narrative Late Friday, Judge Amy Berman Jackson from the U.S. District Court for the District of Columbia ruled that the Securities and Exchange Commission had brought plausible allegations against Binance, Binance.US and Changpeng Zhao, refusing to dismiss most of the charges against the companies. She did, however, dismiss a charge tied to secondary sales of BNB by sellers who aren’t Binance, a…

b-apps has announced strategic support from The Open Platform (TOP). B-apps is an innovative application studio focused on building on TON Blockchain and within Telegram Messenger. b-apps has already launched several applications and has more in development, including their latest games, NOT Bored Puppies and Robin Coin. TOP Boosts b-apps Development on TON Blockchain As a result of the new investment from TOP, b-apps will also be able to expand their development process and deliver even more solutions to the market. Their work shows that TON Blockchain can address a broad range of real-world applications ranging from DeFi to social…

Bitcoin and altcoins started the week and the second half of the year positively, with the BTC price rising above $63,000. While wondering whether the upward trend in the BTC and cryptocurrency markets will continue, Coinshares published its weekly cryptocurrency report. Stating that there was an outflow of $30 million in cryptocurrency investment products last week, Coinshares said that there was a significant decrease in outflows last week. “Cryptocurrency investment products saw outflows totaling $30 million for the third week in a row, with a significant decrease in outflows last week. “As Ethereum outflows move into the 3rd week, it…