Author: NBTC

VanEck has applied with the SEC to establish the first Solana ETF in the US, expanding its cryptocurrency investment products and capitalizing on Solana’s blockchain utility. The company filed an S-1 registration statement for its “VanEck Solana Trust” on Thursday, aiming to introduce the first Solana (SOL) ETF in the US. As the first organization in the United States to apply for a Solana ETF, VanEck is setting new standards, according to Matthew Sigel, head of digital asset research at the company. This action represents a significant advancement in the Bitcoin investment market. VanEck emphasized in the filing that the…

Shiba Inu marketing lead Lucie highlights the major developments introduced in the crypto ecosystem this year. Shiba Inu has recorded an impressive performance, ranging from the introduction of new technological solutions to its participation in critical crypto-related events. Lucie Highlights Major Shiba Inu Development in 2024 In an X post titled “2024 Recap,” Shiba Inu marketing specialist Lucie highlighted the major developments that have occurred within the SHIB ecosystem this year. 2024 Recap: Key Developments So Far https://t.co/KBMdomim9y / #Shibarium 1.Shibarium Layer-2 Solution: Significant progress was made with the Shibarium Layer-2 solution, enhancing scalability and efficiency within the Shiba ecosystem.…

PostFinance, one of the largest financial institutions in Switzerland, has announced that it now offers trading and custody services for several cryptocurrencies, including AVAX, Cardano (ADA), Polkadot, XRP and Solana (SOL). This development marks a significant milestone for these digital assets, particularly XRP and ADA, as they gain further recognition and accessibility, despite regulatory hurdles in the past. Charles Hoskinson, the creator of Cardano, responded to the news by highlighting PostFinance’s early support for Ethereum, a project he was involved with before founding Cardano. Hoskinson noted that PostFinance had been one of Ethereum’s first banking partners, emphasizing the positive and…

Despite the recent decline in the US CPI inflation report, investors are still willing to pay a premium for short-term downside protection, according to a new analysis of Chicago Mercantile Exchange (CME) Bitcoin futures options by CF Benchmarks. CF Benchmarks analysts noted that although Bitcoin broke above $66,000 following yesterday’s softer inflation data, there was “higher implied volatility for out-of-the-money (OTM) put options compared to call options.” This willingness of derivatives traders to pay high premiums for OTM put options is considered a bearish trend among short-term market indicators, according to analysts. The increased implied volatility (IV) for OTM put…

OpenLedger, the sovereign data blockchain for artificial intelligence (AI), has successfully secured $8 million in its seed funding round led by prominent investors Polychain Capital and Borderless Capital, as per the latest information shared with Finbold on July 2. The funding round saw participation from a diverse group of investors, including Finality Capital, Hash3, HashKey Capital, and others, as well as angel investors such as Sreeram Kannan from EigenLabs, Balaji Srinivasan, Sandeep Nailwal from Polygon, and others. The importance of data quality in AI development OpenLedger is driving AI development by offering a permissionless infrastructure for the entire data lifecycle,…

Lido DAO (LDO) facilitates Ethereum staking, boasting a staggering TVL of $36.322 billion. Rocket Pool (RPL) offers innovative Ethereum staking solutions, accumulating a TVL of $4.615 billion. Jito (JTO) introduces liquid staking for Solana, with a TVL of $1.854 billion. Staking cryptocurrency is a well known approach for creating passive income.The nearness of fluid staking empowers investors to proceed utilizing their assets while generating returns. In the last 24 hours several liquid staking tokens stood out in the market. There are three most popular liquid staking tokens based on their TVL amount recorded on the DeFiLlama page. Lido DAO (LDO)…

South Korea’s crypto association asserts that local trading platforms are unlikely to conduct “mass delistings” even as they re-review 1,333 tokens over the next six months. South Korean crypto exchanges are set to re-evaluate over 1,000 tokens they listed earlier following the implementation of the Virtual Asset User Protection Act, which seeks to “protect the rights and interests” of crypto investors. In a Jul. 2 statement, the Digital Asset Exchange Alliance (DAEX), a trade union representing five Korean crypto exchanges, announced that starting Jul. 19, around 20 domestic crypto exchanges will undergo a six-month review period of 1,333 tokens in…

Singapore’s largest bank, DBS Group Holdings, has announced its entry into the cryptocurrency industry with stablecoins. According to Bloomberg, DBS will provide custody services for stablecoin reserves and offer related cash management services. This move comes through a partnership with Paxos Trust Co.’s local unit. Paxos had also recently received a license from the Monetary Authority of Singapore (MAS). Singapore’s Push for Crypto Innovation This development is part of Singapore’s broader strategy to foster productive uses of blockchain technology. The country has also been working to enhance its status as a global financial hub. Singapore has been actively developing regulations…

A whale has recently utilized $WETH tokens to purchase $SHIB coins. The on-chain analytics provider SpotOnChain noted that the whale spent up to 1K $WETH to buy nearly 149.3 $SHIB tokens in the last hour. The analytics platform took to its official account on the social media platform X to offer the details of this development. An early buyer-linked whale just swapped 1K $WETH ($3.83M) for 149.3 $SHIB in the past hour!The whale’s last $SHIB activity was selling 167B $SHIB ($6.13M) 3 years ago. These tokens were received from a super early buyer who bought 5.16T $SHIB with only 45…

In a significant development for decentralized exchange (DEX) technology, WOWMAX, a cutting-edge DEX aggregation protocol, has officially commenced operations on the Arbitrum blockchain network. The protocol’s launch was heralded on social media platforms where WOWMAX shared its innovative approach to optimizing swap rates through a sophisticated arbitrage strategy. This move is set to transform how transactions are conducted across decentralized exchanges by maximizing the efficiency of slippage management. WOWMAX is live on @arbitrum👀 https://t.co/j5pby7JItQWe significantly improve swap 💱 rates by complimenting liquidity aggregation with a complex DEX arbitrage ♻️ strategy.Here how it works 👇 1/🧵 pic.twitter.com/lDbajwVHkm — WOWMAX.Exchange (@WowmaxExchange) July…