Author: NBTC

Bitcoin’s recent surge above the key $60,000 mark, driven by substantial buying activity, is signaling a potentially bullish July for the cryptocurrency. On-chain data reveals strong demand, with 237,000 addresses accumulating Bitcoin in the $61,000-$62,600 range, aligning with historical trends of positive July returns. Historically, July has been a favorable month for Bitcoin, averaging a 7.42% return. Investors and traders are now keenly observing whether Bitcoin can maintain this upward momentum. Source Bitcoin News X (formerly Twitter) This price range, bolstered by substantial buying activity, serves as a strong foundation for potential further gains. The influx of buyers at these…

In a major transaction, cryptocurrency whale “arthurgayes.eth” sold 2 trillion $MOG memcoin for $4.41 million to the Bybit and Gate.io exchanges. This sale occurred a few hours ago as the price of $MOG soared, according to SpotOnChain. Early whale “arthurgayes.eth” unloaded the first 2T $MOG ($4.41M) to #Bybit & #Gateio 7hrs ago as the price soared!This whale bought 8.26T $MOG with just 251K $USDC in Sep-Oct 2023;And still holds 6.26T $MOG (~$14M) in 3 wallets, making an est. total profit of $18.1M (x72)!… pic.twitter.com/VhmyBtu5uu — Spot On Chain (@spotonchain) July 20, 2024 ‘arthurgayes.eth’ Still Holds $14M in $MOG After 72x…

The longer the Ripple vs. SEC legal battle continues, the more the crypto space is filled with various speculations, rumors, uncertainties and doubts on this matter. Earlier, it was expected that the case would finally be resolved in July this year – the anniversary of the previous ruling when XRP was recognized as a nonsecurity. This did not happen, and as a result, the sentiment of market participants turned rather negative regarding the imminent end of the whole case. The absence of truthful news on the side of the case leads to the filling of this empty space with rumors,…

Beijing’s escalating censorship of economic information, including pressure on foreign media to withhold data, has raised alarms among analysts. The move coincides with China’s concealment of renewable energy figures, prompting speculation that the nation may be secretly engaging in large-scale Bitcoin mining operations. Further fanning the flames of speculation, CryptoQuant CEO Ki Young Ju pointed out on X (formerly Twitter) that despite China’s official crackdown, Chinese mining pools still maintain a dominant 54% share of the Bitcoin mining market. Despite China’s ban on #Bitcoin mining, Chinese mining pools still hold nearly 54% market share. While not all participants in these…

MantaCeDeFi has announced a new collaboration with Fuel Network, allowing its users to participate in the Fuel Points Program by depositing mETH and mUSD. This partnership is set to unlock more DeFi opportunities for MantaCeDeFi users through their mTokens. 💿🖐️ In collaboration with @fuel_network, #MantaCeDeFi users can now participate in the Fuel Points Program by depositing $mETH and $mUSD.Unlock more DeFi opportunities with your mTokens:https://t.co/atxffFVMO3 pic.twitter.com/ZaiGeSTjKn — Manta Network (🔱,🔱) Meme-ta Szn (@MantaNetwork) July 29, 2024 To earn Fuel Points, MantaCeDeFi users must bridge their mTokens via StargateFinance. Using StargateFinance’s bridge, users can transfer their mTokens from MantaPacific to Ethereum.…

The much-anticipated launch of Ethereum spot ETFs has failed to ignite the market as expected, with Grayscale’s Ethereum Trust ETF bearing the brunt of investor skepticism. Wednesday saw a staggering $133 million net outflow from ETH spot ETFs, with the Grayscale Ethereum Trust (ETHE), which was converted to a spot ETF on Tuesday, hemorrhaging $327 million, according to data from SoSo Value. While the firm’s newly created Grayscale Ethereum Mini Trust (ETH) managed to attract $46 million in inflows, and Fidelity’s FETH drew in $74 million, the overall picture for Ethereum ETFs remains clouded. In contrast, Bitcoin spot ETFs demonstrated…

Thanks to some limitations imposed by Markets in Crypto Assets Regulation (MiCA), Ripple, a U.S. fintech decacorn, might have no choice but to issue own stablecoin pegged to Euro (EUR). Also, community enthusiasts are guessing whether XRP might be useful in addressing new roadblocks. Ripple might need own EUR stablecoin, MiCA to blame: Community U.S. crypto heavyweight Ripple might be forced to issue its own stablecoin pegged to EUR, together with some of its competitors in the cross-border remittances segment. Such suggestions were shared by XRP and Ripple community activist Crypto Eri (@sentosumosaba in X) with her 240,000 followers. 🤨Watch…

Donald Trump, the sexual predator, financial felon, and former president, gave a speech at Bitcoin 2024 in Nashville in which he promised many things that the cryptocurrency industry has been hoping for. These included having the United States hold bitcoin, removing Securities and Exchange Commission (SEC) chairman Gary Gensler, and support for stablecoins. United States Bitcoin Reserve Trump noted that the United States Federal Government currently holds 210,000 bitcoins, and he insisted that if he is elected, it will hold them indefinitely. This isn’t a promise that he’ll likely be able to follow through with, since many of these coins…

Today, Re7 Labs revealed that it has chosen Pyth Network as the oracle provider for its Morpho lending vaults. This pivotal partnership brings together one of the premier lending protocols on Base with a top-tier risk management firm, establishing a new standard in the DeFi space.—Re7 Labs, renowned for its innovative vault architecture, has chosen Pyth Network to power its Morpho lending vaults. This collaboration highlights Pyth’s role as a crucial infrastructure provider in the DeFi ecosystem. With its reputation for delivering reliable and low-latency data, Pyth continues to be the preferred choice for vault operators looking to enhance their…

The recent launch of Ethereum ETFs, coupled with a significant market sell-off, has brought the Ethereum price to its lowest in months. In this article we delve into the market dynamics behind this downturn, analyzing the factors contributing to the sell-off and the broader implications for the cryptocurrency market. And what to expect next for the Ethereum price? Ethereum ETF Launch: Optimism Turns to Sell-Off The much-anticipated launch of spot Ethereum ETFs initially sparked optimism among investors. However, this enthusiasm quickly turned into a sell-off, leading to a sharp decline in Ethereum price. Based on some analysts’ research, they explained…