Author: NBTC

About 80% of Bitcoin ETF purchases since their launch in January have been made by “self-directed investors” through online brokerage accounts, said Samara Cohen, chief investment officer for BlackRock, the world’s largest asset manager. Wall Street veteran Jim Bianco, president of financial research firm Bianco Research notes that retail investors, often referred to as “paper hands,” are more likely to sell their holdings during market downturns compared to traditional finance (TradFi) institutions. Bianco pointed out that the average size of a Spot BTC ETF trade is just $14.6k, significantly smaller than other popular ETFs among TradFi investors, and roughly one-tenth…

SwBTC generates yield using wBTC – the token pegged 1:1 to BTC that can be put to work in the Ethereum network while retaining the value of the world’s largest cryptocurrency. Swell’s aim is to extend the business case for restaking to crypto users who to benefit from the store of value offered by bitcoin while also benefiting from yields in other ecosystems. Ethereum staking project Swell has introduced “swBTC,” a liquid restaking token (LRT), to earn bitcoin holders yield from EigenLayer and rival restaking protocols Symbiotic and Karak. SwBTC generates yield using wBTC, the token pegged 1:1 to BTC…

Well-known crypto market analyst Peter Brandt has issued a warning about Ethereum (ETH) that has investors worried. Brandt, who is known for his more than 40 years of expertise in technical analysis, has spotted a series of patterns on the altcoin’s chart that suggest a potential price crash. Brandt’s outlook suggests the completion of a five-month rectangle pattern, followed by a retest of the breakout point. In addition, he has seen a rising wedge formation forming on the intraday chart. Based on this, Brandt announced that he is going short on Ethereum, with a price target of $1,651. This suggests…

Shytoshi Kusama, the pseudonymous lead developer of the Shiba Inu ecosystem, characterizes SHIB as a puppy, suggesting that the token still has more room for growth. The Shiba Inu lead made this known while recounting his experience in Kyoto, Japan. @Shibtoken @treatsforShib @kaaldhairya A quick recap and forward marching orders. #India #Kyoto #IVS pic.twitter.com/Ba6bpOzKMi — Shytoshi Kusama™ (@ShytoshiKusama) July 9, 2024 Kusama’s Encounter with a Geisha Kusama said he encountered a Maiko, an apprentice of a Geisha, during his recent trip to Kyoto. Following the Maiko’s stunning performance, the Shiba Inu leader said he engaged the entertainer in a conversation.…

In a recent interview with CryptoSlate at BTC Prague 2024, Tuur Demeester, a renowned Bitcoin research analyst at Adamant Research, shared his journey into the world of Bitcoin and provided insightful perspectives on the current state and future of digital asset adoption. From Shoes to Satoshi Demeester’s path to Bitcoin began in an unconventional way. Before becoming an analyst, he worked various odd jobs, including selling shoes and building websites. His interest in Austrian economics and the trade cycle eventually led him to global macroanalysis. In 2011, a publisher recognized his talent and offered him a position as a financial…

Although the marketing gimmick worked for a while, investors are starting to realize that so-called layer 2 scaling solutions are, in effect, just new blockchains. Merlin’s blockchain, which once billed itself as the largest ‘Bitcoin layer 2,’ has lost 63% of its assets since July 1 according to DefiLlama data — far more volatile than Bitcoin’s actual blockchain, which has lost just 5%. Worse, MerlinSwap, the most popular exchange for assets on this chain, lost a devastating 88% of its total value locked (TVL) over the same period. Merlin has at least two proprietary tokens, MERL and MP. Unfortunately, many…

Crypto analyst Poseidon (@CryptoPoseidonn) has released a detailed price prediction for Ethereum (ETH). His analysis, delivered to his 123,000 followers on social media platform X, revolves around the pivotal $2,160-$1,900 price range which has historically served as a significant high-timeframe (HTF) support since the summer of 2021. ETH Price Analysis: $8,000 Is Possible If … According to Poseidon, Ethereum recently retested what he describes as the “most crucial support level on the chart” after a significant breakout earlier in the year. This price zone has consistently acted as a key battleground for bulls and bears, making it a central focus…

Floki joined an exclusive discussion with BNB Chain, emphasizing its rationale for choosing BNB Chain due to robust infrastructure and innovation. Floki highlighted growing acceptance, with more businesses now accepting FLOKI as payment. Floki aims to expand its ecosystem through partnerships, new projects, and a DeFi platform. Floki joined an exclusive discussion with BNB Chain on July 5th, 2024. The meeting highlighted the dynamic landscape of meme coins and their growing influence. This event brought together key players in the crypto world to shed light on Floki’s strategic choices, the factors driving memecoin success, and what the future holds for…

Bankrupt lending platform Celsius has filed a lawsuit against Tether seeking 39,542 BTC. Table of Contents Tether’s response What happened to the loan? How did Celsius go bankrupt? Celsius CEO blames prosecutors for collapse What’s next? According to the lawsuit, the amount was collateral for a loan from the issuer of the Tether (USDT) stablecoin. Tether requested more collateral after the price of Bitcoin (BTC) dropped in early 2022. Celsius granted Tether‘s request, but the collateral was again threatened. The lawsuit says that while the lending platform was raising funds during the period specified in the contract, the USDT issuer…

Bitcoin price extended its losses and traded below the $64,500 level. BTC is correcting losses, but the bears are still in control and aim for more losses. Bitcoin remained in a bearish zone and traded below $64,500. The price is trading below $65,500 and the 100 hourly Simple moving average. There is a connecting trend line forming with resistance at $65,400 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair remains at risk of more downsides below the $64,000 support zone. Bitcoin Price Dips Further Bitcoin price remained in a bearish zone after it settled…