Author: NBTC

Hashnote Harbor will enable yields of up to 40% thanks to a suite of derivative strategies. Participants can also request customized structures to target specific yields or create bespoke hedges for their assets. U.S.-regulated cryptocurrency custody firm Anchorage Digital is offering clients yields of up to 40% in partnership with Hashnote, a digital asset manager built with the support of trading giants Cumberland and DRW. Hashnote Harbor, announced on Monday by the companies, delivers those returns through a suite of derivatives strategies without the underlying assets ever leaving the custody of Anchorage Digital, according to a press release. Participants can…

A new report by crypto exchange Bybit shows that meme coins are becoming significant components of crypto portfolios. Institutional meme coin holdings surged 226% from February to March while retail meme coin holdings spiked 478% from February to April. However, they “aggressively sold off” their meme coins when market sentiment soured. ‘We Saw a Large Jump in Institutional Memecoin Allocations From February to March’ A new report by crypto exchange Bybit, titled “Beyond the Hype: The Realities of Institutional Memecoin Investments,” highlights the growing interest in meme coins among institutional and retail investors. The report covers data from January 1…

Afghanistan’s government, under the Taliban’s control, arrested eight cryptocurrency traders in Herat, a city on the Northwest side of the country. One of the crypto traders who prefers to stay anonymous told crypto.news that the Taliban arrested him and seven others for using crypto in May. They were imprisoned for 28 days in Herat’s central prison, he added. It’s important to note that the Central Bank of Afghanistan banned using cryptocurrencies in August 2022 — closing more than 30 crypto-related businesses in the region. The government called digital currencies and Forex trading “haram,” an Arabic term used for forbidden things…

Chainstack, a prominent package of services offering Web3 infrastructure to developers, has recently announced another development. As per the company, its Chainstack Global Elastic Nodes are currently supporting Oasis Protocol (a privacy layer dealing with artificial intelligence and Web3). The platform took to its official account on the social media platform X to disclose the respective initiative. Chainstack Global Elastic Nodes now support @OasisProtocol 🌌Experience a blockchain platform built for speed, featuring a confidentiality-enabled EVM network that provides scalable, customizable privacy tooling for Solidity developers across all EVM chains.The best thing… pic.twitter.com/xCBqe6yvtM — Chainstack 💙🛠️ (@ChainstackHQ) July 4, 2024 Chainstack…

Legendary trader Peter Brandt has reaffirmed his optimistic outlook on Bitcoin (BTC), a move that has garnered significant attention in the financial world. Taking to social media, Brandt shared a Bitcoin price chart that outlines his projection for the cryptocurrency’s future trajectory. His analysis suggests that Bitcoin is poised for a significant surge, potentially reaching its previous all-time high of $74,000. Brandt, known for his seasoned expertise in financial markets, has consistently advocated for Bitcoin’s bullish potential. He emphasized the reliability of his analysis, noting that it aligns with his previous interpretations of market trends. The chart presented by Brandt…

Orbs, a Layer 3 blockchain, has announced the launch of its liquidity hub on Fenix Finance, according to the latest updates shared with Finbold on July 4. The launch aims to enhance liquidity on the Blast decentralized exchange (DEX) and boost capital efficiency for Layer 2 users. Addressing DeFi liquidity challenges To address the challenges of fragmented decentralized finance (DeFi) liquidity, Orbs offers reduced transaction fees, protection against Maximal Extractable Value (MEV), and gas-free transactions. Orbs’ liquidity hub acts as an additional layer atop the DEX, helping aggregate liquidity from various sources to ensure the best possible pricing. This minimizes…

Ethereum price started a downside correction from the $3,520 zone. ETH is stable above $3,420 and might attempt another increase in the near term. Ethereum started a downside correction after it failed to surpass the $3,520 zone. The price is trading above $3,420 and the 100-hourly Simple Moving Average. There is a connecting bearish trend line forming with resistance near $3,470 on the hourly chart of ETH/USD (data feed via Kraken). The pair must clear the $3,470 and $3,520 resistance levels to continue higher. Ethereum Price Corrects Lower Ethereum price started a decent upward move above the $3,420 level. ETH…

ETF powerhouse State Street Global Advisors is finally entering the crypto ETF arena as it looks to make up ground in the sector by offering differentiated products. While SSGA certainly has the brand recognition to compete with rivals, investor appetite for the type of funds it plans to offer remains to be seen. The $4 trillion-plus asset manager said last week it would be linking up with crypto-focused Galaxy Digital to launch “the next generation of digital asset-based strategies.” Read more: On the Margin Newsletter: Crypto ETF filings are only ramping up An initial proposed SPDR Galaxy Digital Asset Ecosystem…

Crypto whales have frequently been influencing the market for a considerable time. A prominent on-chain analytics provider Lookonchain recently disclosed such an event where a whale redeemed 2,280 $SOL and 2.91 million $SLERF from the crypto exchange Gate.io. The analytics platform took to its official X account to reveal this development. A whale withdrew 2.91M $SLERF($923K) and 2,280 $SOL($378K) from #Gateio 7 hours ago.Then he spent 2,281 $SOL($378K) to buy 1.17M $SLERF.He has bought 11.9M $SLERF($4.09M) at an average price of $0.3432 since Apr 25 and currently has a loss of $266K.https://t.co/iPhacIO4Vr… pic.twitter.com/Z12mCZOVG3 — Lookonchain (@lookonchain) June 4, 2024 A…

Well known in XRP enthusiast circles, attorney Fred Rispoli was asked when he expects the SEC’s case against Ripple, which has such a significant impact on the populist cryptocurrency, to be resolved. Rispoli, in turn, gave a specific answer, giving not one, but two dates. The legal expert said that he expects the verdict in the case, which has been dragging on for more than three years, on the last day of this July. It would be more poetic, however, if the verdict in the SEC’s case against Ripple were to come down on July 13, according to Rispoli. This…