Author: NBTC

The Arbitrum Foundation, the organization that supports Ethereum rollup-based Layer 2 network Arbitrum, has received approval to distribute hundreds of millions of dollars to support gaming projects on the network over the next three years. The proposal, first announced in March, was officially adopted on Friday with over 75% support votes. The proposal will allocate 225 million ARB tokens, worth approximately $215 million at current prices, over three years to a newly created Game Catalyst Program (GCP). GCP is designed to “…immediately expand awareness and adoption of Arbitrum/Orbit/Stylus by developers and players in the gaming community,” according to the proposal.…

In the Netherlands, we have a saying: “Meten is weten,” which, literally translated, means “measuring is knowing.” We prefer to look at situations directly, because only then do we know what we’re up against — and what needs to be changed. And it does not take much measuring of Crypto Twitter to know that we are deep in the L2 hype cycle. The sense is that L2 blockchains are more user friendly, safer and better for scalability, and we (as a collective) should focus on their development. Forgive the directness — but that’s a mistake if we want Web3 adoption…

On this day in 2010, Laszlo Hanyecz, a software developer from Florida, made history by buying two pizzas for 10,000 Bitcoins. This was the very first commercial transaction conducted with the help of the original cryptocurrency. The request to buy pizzas with the help of Bitcoin was posted by Laszlo five days prior to the actual transactions on the legendary BitcoinTalk forum. With Bitcoin currently trading close to $70,000, these two Papa John’s pizzas would have been worth more than $700 million now. Fourteen years ago, these pizzas were worth only $41. The value of the Bitcoins spent to purchase…

The last 24 hours on the crypto market turned into a real “bloodbath” as the TOTAL index fell by 3.2%, which is equivalent to more than $72 billion. As a result, the fall in the market has led to mass liquidations totaling more than $160 million, with the most affected being bullish investors, who accounted for 93.9% of the liquidations. Amid the chaos, Raoul Pal, a well-known personality in the crypto industry, revealed his strategy. Instead of panicking, Pal took advantage of the falling market and bought digital art at what he believed to be significantly discounted prices. He said…

A lucky altcoin trader has recently opened an exclusive wallet and made a significant profit by trading meme coins. As per the famous on-chain analytics company Lookonchain, the trader traded up to 12 meme coins yesterday with the new wallet. Lookonchain offered insights into this incident on its official X account. What a lucky trader!19 hours ago he created a new wallet to trade #MEMEcoin!He traded 12 MEMEcoins, with a win rate of 83%, and a profit of more than $2.5M!He was very lucky to buy $RNT and has a 957x profit!He spent 15.8 $SOL($2,558) to buy 36.77M $RNT, and…

Recently, Nanon, a pioneering blockchain platform designed specifically for Web3 gaming, has taken a significant step forward by forming a strategic alliance with XSTAR. This collaboration marks a significant development in the gaming sector, aiming to integrate cutting-edge technologies to redefine how games are played and experienced. Nanon, known for its modular blockchain infrastructure, has been at the forefront of addressing the specific needs of the gaming community. This platform provides developers with the tools necessary to create decentralized games that are not only fun but also secure and scalable. By leveraging its unique capabilities, Nanon has created an ecosystem…

Today, Outlier Ventures, a leading global Web3 accelerator, and peaq, the layer-1 blockchain for DePIN and Machine RWAs, announced the six teams selected to participate in the DePIN Base Camp accelerator program. These teams will receive investments from Borderless Capital. It is a top venture capital firm in the DePIN space. DePIN Base Camp Boosts Wireless Network Optimization and Cybersecurity Currently, the DePIN Base Camp has selected six first-round startups that develop products in the IoT hardware networks, decentralized computing and AI, wireless network optimization, cybersecurity, digital twin technology, and cloud gaming and Metaverse. AYDO is improving DePIN protocols through…

The basic laws of supply and demand determine the price action of any asset, including Bitcoin. When supply exceeds demand, the asset’s price tends to decline. Conversely, when demand outstrips supply, the price usually rises. These same principles apply to cryptocurrencies, and on-chain metrics can provide valuable insights into Bitcoin holders’ behavior. The Impact of Heightened Profit-Taking When analyzing a Bitcoin bull market over the long term, the price movement typically exhibits significant upward volatility, mixed with periods of corrections and consolidation. Most investors know that financial markets do not consistently rise, leading to a dynamic interplay between supply and…

The EU’s Markets in Crypto-Assets Regulation (MiCA) stablecoin rules are scheduled to take effect in just over one week. However, Berlin-based RWA tokenization platform Swarm Markets has identified a potential solution by issuing a gold-backed NFT as an asset-backed token. Swarm Markets intends to enable individuals to acquire NFTs, which represent tangible gold ownership. There will be a London-based Brink’s vault where the gold bars that support the tokenized assets will be stored. Swarm’s decentralized over-the-counter (dOTC) platform will enable users to exchange NFTs on a peer-to-peer basis. This is following a know-your-customer (KYC) formality, along with an anti-money laundering…

Crypto products experienced their second week of outflows, with a total of $584 million leaving the market last week and a total of $1.2 billion. According to asset management firm CoinShares, this is a likely reaction to the “pessimism amongst investors for the prospect interest rate cuts by the FED this year.” Bitcoin (BTC) was the primary target of the outflow, with $630 million withdrawn last week. Despite the negative sentiment, investors have not increased short positions in BTC, which saw outflows of $1.2 million. On the altcoins side, Ethereum (ETH) also faced a downturn, with outflows of $58 million.…