Author: NBTC

VanEck head of digital assets research Matthew Sigel believes financial institutions are gearing up for the imminent launch of spot Ethereum (ETH) exchange-traded funds (ETFs) in the US despite the funds pending regulatory approval. Sigel said in a social media post on June 18 that hedge funds are strategically positioning themselves as they actively anticipate the ETFs will be approved. He added that data from K33 Research indicates a significant rise in inflows to Ether exchange-traded products (ETPs) outside the US markets, which suggests that large investors are preparing for the regulatory green light for the spot Ethereum ETFs. According…

Key Points: Brandon Gath of Kraken Ventures asserts a rebound in cryptocurrency and Web3 startup valuations after recent declines. Kraken Ventures plans to raise $100 million for its second fund, which will focus 80% on equity and 20% on tokens. Brandon Gath, managing director of Kraken Ventures, one of the largest enterprise cryptocurrency and blockchain venture capital firms, has pegged a market rebound from its previous dives. According to Global Corporate Venturing, funding and valuations for cryptocurrency and Web3 startups have soured significantly over the past 18 months. However, Gath believes that the market has already turned around. Of Kraken…

An investigation by Bubblemaps recently identified substantial insider trader activity related to Andrew Tate’s token DADDY. Insiders reportedly acquired 30% of the token’s supply at its inception, before Tate’s promotion on social media platforms. These insiders allegedly hold over $45 million worth of $DADDY currently. Following the publication, Tate blocked Bubblemaps on X. The DADDY deployer address sent 40% of the token to Andrew Tate, who bought $10,000 from the asset and burned it. However, the supply sent by the deployer address is still in his possession. Furthermore, although Tate said he wasn’t selling any of his tokens and stuck…

U.S. Congressman Ro Khanna, representing California’s 17th congressional district, is set to host a Bitcoin and blockchain roundtable in Washington D.C. in early July, according to a private email sent by Khanna’s Office, seen by Bitcoin Magazine. Khanna’s Office described the upcoming meeting as “the most significant meeting between policymakers and innovation leaders in blockchain to date.” The roundtable is expected to feature officials from the Biden Administration, House, and Senate, alongside American businessman Mark Cuban, according to the email. The primary objective of this meeting is to strategize on how to keep “Bitcoin and blockchain innovation in the United…

Monthly active users on Ethereum chain’s Layer 1 and 2 projects have crossed 25 million per Token Terminal data. Despite the rise of Ethereum’s competitors like Solana, with the meme coin narrative, Ether remains relevant among traders. Total value locked in Layer 2 and 3 projects exceeds $43.99 billion at the time of writing. Ethereum’s Layer 1 and Layer 2 chains have noted a consistent increase in activity in 2024. Monthly active users (MAU) have surpassed the 25 million milestone per data aggregator Token Terminal. Despite the rise in different narratives like meme coins and celeb tokens that made Solana…

The Sandbox, a market-leading metaverse platform, and Katana, Thailand’s top-rated internet company, are on a joint venture to produce the inspirational future of metaverse entertainment. The unique partnership utilizes Kantana’s storytelling capability with the Sandbox’s user-generated content instruments. Kantana has already gained amazing results with the Sandbox and it denotes their expertise in crafting attractive experiences. The top executives of The Sandbox are thrilled to welcome Kantana to the Sandbox and the new partnership will lead to promoting a vibrant atmosphere for innovative games within the metaverse. The recent collaboration will bring their stories and characters to a new audience…

Although Bitcoin (BTC) has continued to consolidate its previous gains, pulling the rest of the cryptocurrency market with it as it sets the current slightly bearish mood, artificial intelligence (AI) platforms have retained their bullish optimism on the price of Bitcoin by the end of this year. Indeed, not long after it surpassed the massively important psychological price level at $70,000, the largest asset in the crypto sector by market capitalization has returned below it, struggling to return above the $68,000 resistance area from where it could start to recover. Bitcoin price prediction 2024 Nonetheless, an advanced AI algorithm that…

Bitwise Asset Management has revised its Form S-1 registration statement for its spot Ether (ETH) exchange-traded fund (ETF), highlighting a potential $100 million investment upon its launch. Notably, the SEC filing indicates that Pantera Capital Management has shown interest in purchasing up to $100 million of shares in this Ether ETF. However, these indications are not binding commitments, leaving open the possibility of purchasing more, fewer, or no shares at all. This revision is a crucial step in the approval process for the spot Ether ETFs to be publicly traded, which SEC Chair Gary Gensler anticipates might occur by the…

Binance Labs has invested in Rango, a cross-chain decentralized exchange (DEX) and bridge aggregator. Binance Labs Invested in Rango Binance Labs, the venture capital and incubation arm of Binance, has made a strategic investment in cross-chain decentralized exchange (DEX) and bridge aggregator Rango. Rango’s interoperability supports the growth of DeFi by enabling seamless transactions between different blockchain ecosystems. This investment aims to improve Rango’s capabilities for easy transactions across multiple blockchain ecosystems and fuel the growth of decentralized finance (DeFi). Rango’s broad interoperability supports major blockchains including Bitcoin (BTC), Solana, Tron, Cosmos Ecosystem, Starknet, and others. This makes Rango a…

Highstreet (HIGH), an altcoin listed on the cryptocurrency exchange Binance, has experienced a significant decline in its token price in the last week. The value of the token dropped from a high of $8.87 to a low of $2.89. According to the developers, this drastic drop was the result of a malicious attack that led to the sale of 20 million tokens. The attack was meticulously planned and executed. Malicious actors initially purchased tokens from the South Korean exchange Bithumb and then laundered them through the BSC bridge. This strategy effectively concealed their identities, making it difficult for the Highstreet…