Author: NBTC

Renowned crypto journalist Colin Wu predicts several key projects from various sectors are gearing up for their token generation events (TGEs) in the second half of 2024. Wu’s list comprises multiple categories, including staking, restaking, and liquid staking, among others. Babylon and Symbiotic: Top Staking and Restaking Projects with Potential TGE One project that stands out from Wu’s potential TGE list is Babylon, a prominent player in the Bitcoin staking protocol sector. Recently, the protocol launched a new testnet phase, Cap 3, featuring a fee adjustment mechanism. This milestone follows Babylon’s impressive $70 million funding round, backed by major investors…

Binance excutive Tigran Gambaryan is being denied adequate access to his lawyers, his family has alleged. Gambaryan’s next court hearing is currently scheduled for October 11th. Tigran Gambaryan, the U.S. Binance employee held in Nigeria, is being “denied adequate access to his legal team and his health is deteriorating rapidly,” his family said in an emailed statement to CoinDesk on Monday. Gambaryan was brought by wheelchair to an Abuja, Nigeria courtroom for a hearing on July 16th. The court then went on holiday, with the next hearing set for Oct. 11th. His legal team has not been allowed to visit…

Babylon, a Bitcoin staking protocol, has announced a new chapter of its testnet, including a feature that automatically adjusts fees. Per the report, community feedback played a major role in the design of certain tenets of the initiative. Babylon to Launch New Chapter of Testnet Pioneering Bitcoin startup Babylon has announced the launch of Cap 3 for its BTC Staking Testnet-4 on June 19. Per the report, the cap will be time-bound with a 120-hour stake submissions window. It follows a commitment to bridge Bitcoin’s secure, decentralized nature with the flexible smart contracts of Proof-of-Stake (PoS) networks. Babylon raised $70…

To regain bullish momentum, Ethereum’s (ETH) price has pumped over 4 percent in the last 24 hours to trade above $2,740 on Wednesday. The top altcoin, with a fully diluted valuation of about $329 million and a daily average traded volume of around $13 billion, has been attempting to close the CME gap between $2,737 and $3,030. Ethereum price is on the verge of regaining the weekly 200 Moving Average (MA) as a support level following last week’s crypto capitulation. However, the altcoin faces a major resistance level of around $2,817, which requires buyers to outweigh the sellers. Moreover, Ethereum’s…

Arbitrum, a leading Ethereum layer-2 solution, is facing worrying challenges, as 97% of its holders are currently enduring losses. According to recent data from IntoTheBlock, this trend reveals that the majority of Arbitrum (ARB) investors are “out of the money,” indicating that their holdings are at a loss. The figures highlight a concerning situation, with approximately 1.15 million addresses collectively holding 6.67 billion ARB, equating to roughly $4.53 billion at current market rates. This positions Arbitrum as the foremost cryptocurrency with a market capitalization exceeding $1 billion, where the ratio of holders experiencing losses vastly outweighs those seeing gains. No…

If anyone spends too much time listening to crypto content creators, they might come away with the impression that the Securities and Exchange Commission (SEC) has lost the majority of its court battles against the industry. Although Protos has already debunked this widespread misconception, there is one particular judge who has frustrated the SEC’s enforcement of US securities laws on the crypto industry: Analisa Torres. Docket observers in the Southern District of New York know that signatures from US district judge Torres are anything but a rubber stamp. Her extensively cited and carefully deliberated rulings have upended some of the…

According to prominent trader Josh Olszewicz, Bitcoin, the largest cryptocurrency by market capitalization, is currently facing its “do or die” moment. no one likes an ultimatum but it’s do or die here pretty soon on the daily $BTC cloud pic.twitter.com/qTXwAf6cSj — #333kByJuly2025 (@CarpeNoctom) June 18, 2024 Olszewicz’s analysis is based on the Ichimoku Cloud indicator. The cloud is shaded in green as long as the Bitcoin price remains in an uptrend. At the same time, a red cloud indicates a bearish trend. The chart shows that the flagship cryptocurrency is currently approaching the bottom of the cloud. In order to…

Leading blockchain network Ethereum transitioned from a deflationary to an inflationary state amid a lower burn-to-mint ratio in the first half of 2024. CoinGecko, an independent crypto data aggregator, recently revealed that Ethereum emitted 540,958 ETH while only 465,657 ETH were burned from the beginning of 2024 up to now. This shift marks a significant reversal in Ethereum’s token economics, netting a total increase of 75,301 ETH in its circulating supply. Ethereum Flips to Inflationary Trend CoinGecko observed that Ethereum exhibited deflationary characteristics between the fourth quarter of 2022 and the first quarter of 2024. Notably, Ethereum’s emissions totaled 220,454…

Dog-themed cryptocurrency Shiba Inu (SHIB) has seen a whopping 540% surge in large transaction volume, which denotes whale activity. Large Transaction Volume estimates the total amount transacted by whales and institutional participants on a particular day. Spikes in Large Transaction Volume indicate increased activity among institutional players, whether buying or selling. In this context, large transactions refer to those greater than $100,000. According to IntoTheBlock data, Shiba Inu’s large transaction volumes came in to $92.42 million in the last 24 hours, representing a 540.04% increase. This amounted to 5.71 trillion SHIB in crypto terms. Shiba Inu price action At the…

Binance exec Tigran Gambaryan is reportedly being denied legal counsel and healthcare while detained on criminal allegations in Nigeria. Gambaryan was wheeled into an Abuja court during his last hearing on July 16 after his health deteriorated while in Kuje prison. Federal High Court judge Emeka Nwite signed an arrest warrant for the facility’s medical doctor. However, according to his family, punitive measures have done little to aid the arrested Binance executive. A statement shared with crypto.news on Aug. 12 said Gambaryan was bedridden due to several back issues and other health concerns. “I am begging the Nigerian government to…