Author: NBTC

Since April, Bitcoin’s price has ranged between $59,000 and $74,000, but historical trends suggest a potentially bullish July. Seasonal cycles, such as profit-taking around tax season in April and May, and increased demand in December, can influence cryptocurrency prices, leading to predictable changes. Bitcoin (BTC) bulls may have reason to cheer in the coming weeks as possible seasonal cycles boost prices of the largest cryptocurrency after months of declines and rangebound trading. BTC has traded between $59,000 and $74,000 since April, weighed down by billions in sales, upcoming selling pressure, outflows from exchange-traded funds (ETFs), and peak negative sentiment among…

Ethena Labs has launched the USDe token on the Bybit exchange, offering traders a unique opportunity to earn up to 20% Annual Percentage Rate (APR) on their holdings. The daily distribution of rewards ensures users can leverage their holdings without any minimum requirement, potentially offsetting funding costs. The platform’s growth is also evident with its Total Value Locked (TVL) surpassing $3.6 billion, marking a significant footprint in the decentralized finance ecosystem. Discover how Ethena Labs is revolutionizing collateral management with USDe on Bybit, enhancing capital efficiency and offering up to 20% APR rewards daily. Ethena Labs Unveils USDe on Bybit…

On their second day in the U.S. markets, Ethereum ETFs traded close to $1 billion. The spot ether ETFs saw about $951 million in cumulative trading volume on Wednesday, following $1.054 billion on their debut day, as reported by Yahoo Finance and The Block Pro Research. The Grayscale Ethereum Trust (ETHE) led the pack with $492 million, making up around 52% of the total volume. BlackRock’s iShare Ethereum Trust (ETHA) and Fidelity Ethereum Fund (FETH) followed with $256 million and $113 million, respectively. On Tuesday, the ETFs saw $106.7 million in net inflows and amassed over $10 billion in assets…

Intercontinental conflicts are poised to test whether Bitcoin is truly “digital gold” in the eyes of those living in cryptocurrency-savvy regions. Noelle Acheson, author of the book “Crypto is Macro Now”, suggests that controversial elections in Venezuela and fears that the conflict in Gaza will spread to Lebanon could significantly affect the price of Bitcoin. Acheson noted that geopolitical instability typically drives investors into “safe” assets such as gold, which has risen 1% since July 26. “Citizens of both Venezuela and Lebanon are very familiar with crypto as a payment mechanism and store of value,” Acheson wrote, noting that despite…

Grayscale adds VeChain to its investment consideration list, boosting its market credibility. Grayscale’s endorsement of VeChain could drive institutional and individual investor interest. VeChain’s strategic partnerships and growth prospects align with Grayscale’s diversified investment approach. Grayscale is a digital asset management company constantly searching for lucrative investment opportunities. Recently, the company added VeChain (VET) to their list of assets under consideration. 🚀 Big News! @Grayscale, the top crypto asset manager, has spotlighted #VeChain as a hot contender for future investment products! 🌟 Real-world utility is breaking through and shining bright! 📈👏https://t.co/KiZJ5uiPhy pic.twitter.com/1sGsqO6zLV — Collin Brown (@CollinBrownXRP) July 19, 2024 Why…

NASHVILLE — Former U.S. President Donald Trump took the stage at the Bitcoin Conference Saturday, saying the U.S. must take a leadership position in crypto as the Republican candidate moved to tighten his grip on the increasingly powerful crypto voting and fundraising bloc. “If we don’t do it, China will do it,” he said, speaking in a packed hall before over 3,000 attendees in Nashville. Crypto is “the steel industry of 100 years ago, you’re just in your infancy,” he said. “One day it probably will overtake gold. … There’s never been anything like it.” He arrived at Nashville’s Music…

DeFi Technologies, a Canadian fintech firm, is set to enhance its trading infrastructure through a new partnership with Zero Computing, according to a July 30 statement shared with CryptoSlate. The collaboration aims to integrate zero-knowledge proof tools to boost operations on the Solana and Ethereum blockchains by optimizing its ability to identify and execute arbitrage opportunities. Additionally, it will improve the performance of its trading desk DeFi Alpha by enhancing its use of ZK-enabled Maximal Extractable Value (MEV) strategies. Zero-knowledge proof (ZKP) technology provides an added layer of encryption to ensure trade privacy and has recently gained widespread adoption in…

Investors would need billions of Shiba Inu tokens to take in $50,000, $100,000, $500,000 or $1 million if SHIB ever spikes 10x, 50x or 100x. Shiba Inu’s price has primarily moved in correlation with the direction of the broader crypto market. Notably, SHIB has faced a roadblock to its recovery campaign, as the crypto market enters a consolidation phase. However, despite Shiba Inu still stuck underneath $0.00002, sentiments remain bullish. This sustained bullishness is primarily due to confidence in SHIB’s future prospects. Multiple analysts have predicted Shiba Inu to eventually stage an explosive recovery, with crypto analyst Daink predicting a…

Kamala Harris’ campaign is reportedly seeking a “reset” with top U.S. cryptocurrency companies. According to a report from FT, members of Harris’ team have reached out to top crypto companies in the United States to request meetings. Sources told FT that the crypto firms include major players Coinbase, Circle and Ripple Labs. Harris looks to mend ties Amid criticism of the Biden administration’s aggressive approach to the industry, members of Harris’ campaign team are evidently seeking to change crypto market participants’ view of the Democratic party. This strategic pivot could prove to be crucial for Harris as she prepares for…

Listed both on Wall Street and the London Stock Exchange (LSE) Bitcoin miner Argo Blockchain, has announced a £6.5 million private placement agreement with an institutional investor. The deal involves the issuance of 57,800,000 ordinary shares at £0.1125 per share on the LSE, along with warrants to purchase an additional 57,800,000 shares at the same price. The placement price represents a premium to Argo’s recent trading averages and a 10% discount to the closing price on July 29. H.C. Wainwright & Co. is serving as the exclusive placement agent for the transaction. Argo plans to use the net proceeds for…