Author: NBTC

Bitcoin could potentially surpass its all-time highs of $74,000 as early as next week due to increasing institutional demand and risk appetite for assets. The U.S.-listed spot exchange-traded funds (ETFs) tracking Bitcoin have seen four straight days of inflows, with BlackRock’s IBIT receiving $94 million on Thursday, signaling a shift in investment sentiment. Institutional demand and rising appetite for risk assets could cause bitcoin to breach all-time highs of $74,000 as early as next week, some traders say. “Bitcoin was pulling back towards $65K on Thursday but is already trying to regain its footing above $66K on Friday morning. If…

Solana has experienced a significant surge in stablecoin inflows, amounting to billions over the past six months. During this period, SOL price has soared by nearly 250%. The total stablecoin market capitalization currently stands at $161 billion, approximately 14% from the $188 billion all-time high recorded in April 2022. Analysts suggest the Layer-1 token could see even greater gains if the stablecoin market capitalization returns to its peak. Solana Stablecoin Inflows Drive SOL Price Rally The volume of stablecoin inflows into the Solana network has reached $1.5 billion since December 2023, DefiLlama data shows. During this period, the SOL price…

Sonic, the first atomic Solana Virtual Machine (SVM) chain that supports independent game economies on the Solana network, achieved a major milestone with its incentivized testnet “Odyssey.” This testnet recently has reached 100,000 connected wallets. It also has recorded over 17 million transactions. In this way, it paves the way for its upcoming mainnet launch. Sonic to Expand Teams Globally with New Cypher Capital Investment With the backing of $308 million multi-strategy crypto investment firm Cypher Capital, Sonic’s latest fundraising endeavours plan to bolster its ecosystem before the mainnet. The new funds will be allocated to increasing core development, game-related,…

With Bitcoin surging to $66,700, could a new all-time high be on the horizon, fueled by easing U.S. inflation and talk of Fed rate cuts? Bitcoin (BTC) has recently surged in price, reaching as high as $66,700 on May 16, with the current price standing at $65,800 levels. This uptick follows the release of the U.S. economic data. Inflation across the U.S. eased slightly last month, with the consumer price index (CPI) rising at an annual rate of 3.4% in April, down from 3.5% the previous month. CPI data suggests a potential downward trend in the cost of living, prompting…

Monero mining hashrate has dived, falling from 2.9 gigahash on May 29th to 1.78 gigahash on May 31st. This drop coincided with the commencement of “Operation Endgame”, the largest operation ever against botnets by Europol. Recent data shows a significant dip in Monero (XMR) mining hashrate, signifying a major change in the network. In just two days, the Monero hashrate has fallen from 2.9 gigahash to 1.78 gigahash. This drop represents a third of its hash and marks its lowest level in three years. The drop coincided with the deployment of “Operation Endgame” by Europol, officially the European Union Agency…

CoralApp, a Binance-backed web3 platform, has introduced its new product, the Coral Phone. With this launch, Coral plans to tap into the vast smartphone market with an estimated 6.84 billion devices already live. The number is expected to hit 7.1 billion by the end of 2024. According to a recent announcement, the new smartphone will feature AI in conjunction with web3 capabilities to bring decentralized finance (DeFi), GameFi, and SocialFi to the masses. Besides offering features available on traditional smartphones, the Coral phone is designed to work seamlessly with decentralized applications (dApps) and decentralized physical infrastructure networks (DePINs). Users can…

Today Bitcoin records a growth of 1.7% bringing the prices of the largest crypto asset above $66,000, increasing the chances of a continuation of the bull market: but why is BTC rising today? What are the causes that are favoring the emergence of bulls to the detriment of bears? Let’s analyze the situation together. Why is Bitcoin rising today? the main causes BTC price analysis: $66,000 recovered Why is Bitcoin rising today? the main causes Bitcoin today marks a growth of 1.7%, reaching $66,340 and reinforcing the argument that the recent bearish movement can be identified as a retracement of…

Meme2Earn, a meme platform for earning NEP-17 TIPS tokens, has partnered with Out of Context Human Race on a meme campaign that will run for three weeks. The top 100 meme submissions will share from a prize pool equivalent to US $2,500 in TIPS tokens. Additionally, the Meme2Earn team is conducting a bonus airdrop of 2 trillion TIPS tokens, which will be split among all active accounts that meet the prerequisite criteria. Out of Context Human Race is an account on the X social media application with more than 4 million followers. At the time of press, the announcement post…

Pyth Network, a financial data oracle, has announced the addition of Aleno to its community of data providers, as per the latest information shared with Finbold on July 1. Aleno will contribute its proprietary data to help secure the Pyth price oracle, catering to asset managers, treasury managers, on-chain companies, and institutions. Delivering institutional-quality data to Pyth Aleno is uniquely positioned to deliver top-notch, institutional-quality data to Pyth Price Feeds, by leveraging comprehensive market data from active price discovery venues. The new collaboration is expected to provide a more secure and faster decentralized finance (DeFi) experience across more than 65…

After months of enthusiasm about a potential rally to unprecedented highs toward $100,000 or – according to some prominent investors – toward $300,000, building up in the wake of spot exchange-traded funds (ETFs) approval, a new record value near $73,000, and the halving event in April, Bitcoin (BTC) price movement turned relatively stagnant and even threatened a collapse in early May. By the middle of the month – and particularly after the latest CPI report came out lower than was feared – the world’s premier cryptocurrency again took off, gaining nearly 5% in a week and surging from a low…