Author: NBTC

NEAR Protocol is seeing a wide embrace with new addresses topping the 12.3 million mark. Should this growth trend persist, analysts are projecting a rally to $5.6. NEAR Protocol has hit an important milestone with transactions reaching 450 million and new addresses soaring to 12.3 million within 30 days. This achievement demonstrates the increased interest and adoption NEAR is currently receiving in the crypto space NEAR Protocol Sees Heightened User Engagement in June In a Monday post, crypto analyst Masi on social media platform X outlined the NEAR Protocol’s June performance. According to the update, NEAR recorded 16.9 million active…

Zug, Switzerland — Supra, the cutting-edge Layer-1 blockchain with MultiVM support, integrated oracles, native randomness, cross-chain communication, and automation features, is excited to launch its incentivized public testnet. This milestone marks a crucial step toward Supra’s mainnet debut and highlights the platform’s impressive capabilities, including achieving over 500,000 transactions per second (TPS) and sub-second latency during tests with 300 global nodes.—The early-stage testnet is now live and currently available to select partner dApps and builders for internal testing. This controlled phase has allowed Supra to rigorously assess and refine its Layer-1 systems, ensuring robust security and stability. Over 160 dApps…

While Bitcoin’s price continues to trend downward, its dominance in the general crypto market has, in contrast, surpassed 56%. At the time of writing, Bitcoin is down 11% from its most recent all-time high. According to data from Glassnode, the level of dominance that Bitcoin is now displaying was previously observed earlier in April this year. Notably, however, this dominance level was last observed consistently in April 2021. Such a gap indicates a critical shift in market dynamics. As a result of Bitcoin’s increasing dominance, the Ethereum to Bitcoin (ETH/BTC) ratio has been decreasing. Current trade ratings are at 0.052,…

Ethereum has struggled greatly underneath the bearish pressure that has been mounted on the crypto market over the last few weeks. The ETH price suffered multiple crashes that sent it toward $2,000 once more, shattering the expectations for a new all-time high in the third quarter. However, this decline may only be short-lived as one crypto analyst has suggested that the Ethereum price could be getting ready for another rally that could push it toward its previous highs. Ethereum Looking Promising On 1-Week Chart Crypto analyst RLinda has posted a promising analysis on the Ethereum price on the TradingView website.…

A group of senior builders of The Open Network (TON), Telegram’s blockchain of choice, announced on Wednesday that they have spun off to create TON Ventures, a for-profit fund equipped with $40 million to support the next generation of on-chain Telegram mini apps. The fund will be led by Ian Wittkopp, the former head of TON’s accelerator program, and Inal Kardan, the TON Foundation’s former head of gaming. It will focus initially on early-stage projects with investments of $500,000 or less, Wittkopp told Decrypt. At a later, unspecified date, TON Ventures will expand to support larger “strategic” deals with protocols…

Shiba Inu’s partner tokens K9 Finance DAO (KNINE) and Unification (FUND) officially transition to the popular Layer-2 scaling solution, Shibarium. The tokens were integrated into the L2 network yesterday via the Shibarium Bridge, a technological innovation bridging assets from Ethereum to the Shiba Inu blockchain. Shiba Inu Celebrates the Integration Interestingly, Shiba Inu’s ecosystem team celebrated the transition of both tokens to Shibarium on X yesterday, suggesting that the integration would enhance their functionalities and operations within its ecosystem. Welcome @K9finance and @UnificationUND! 🔥$KNINE and $FUND is officially bridged to the Shibarium Network for better. Let’s take a closer look…

Space ID, the name service network for blockchains, has partnered with the Web 3.0 cloud computing platform, 4EVERLAND. The goal is to integrate BNB Greenfield, the decentralized and blockchain storage solution platform, into space ID. With this integration, all the domains registered through Space ID will have access to improved decentralized data storage and management. Major upgrade for https://t.co/kIWLkGgJlH! 🚨We’ve partnered with @4everland_org to integrate BNB Greenfield @BNBCHAIN for decentralized data storage/management.⚒️Go create your custom website with your .bnb domain at https://t.co/kIWLkGgJlH! ✅Check out ours:… pic.twitter.com/2B1d8NGyvh — SPACE ID (@SpaceIDProtocol) August 15, 2024 Space ID (ID) is a name service…

With Bitcoin (BTC) plunging below the $66,000 mark, analysts indicate that the maiden digital asset will likely see extended losses in the coming days. Particularly, crypto trading expert TradingShot, through a TradingView post on June 17, noted that investors should watch how Bitcoin interacts with the 50-day moving average (1D MA50) at around $66,100, which previously served as support. As per the analysis, Bitcoin’s failure to reclaim the 1D MA50 as support should cause investors to prepare for a potential drop to around $61,000, marking the upper boundary of the support zone. Further weakness below $61,000 could signal a deeper…

Latest data from crypto asset manager CoinShares has shown a noticeable comeback in the crypto market. In its latest ‘digital asset fund flows weekly report,’ the asset manager revealed that last week marked a significant uptick in investor confidence, as digital asset investment products saw $176 million in inflows. According to James Butterfill, head of research at CoinShares, this surge in inflow signals a strong, “unanimous” positive sentiment across the board, with particular attention to Ethereum-based funds. Dissecting The Crypto Fund Flows Delving into the report, Butterfill revealed that Ethereum products have “distinctly” stood out, attracting $155 million of the…

A cryptocurrency short-seller has made nearly $300,000 in profit with a trade that lasted less than one month. The crypto trader opened this short position using an advanced decentralized finance (DeFi) strategy of borrowing, selling, buying, and repaying. The address ‘0x1772dbc5529151c8190404b4d2c25f9f5d5eb3ef’ used Aave (AAVE) to carry on a trade against MakerDAO (MKR) from July 19 to August 13. According to a post by Lookonchain on X, the short-selling operation rendered $292,400 profit in Circle’s USD stablecoin (USDC). As reported, the trader borrowed 500 MKR and sold it for $1.37 million USDC at $2,740 per token. Then, closing the short by…