Author: NBTC

Following the approval of the spot Ethereum ETFs, a total of 160,930 ETH have been added to Coinbase over the past two days, as reported by CryptoQuant. An amount worth almost $565 million. After the approval of the Spot ETF, 160,930 #Ethereum entered Coinbase in 2 days“The $ETH Netflow data may be a leading indicator of whether Grayscale’s Spot ETF, ETHE, will continue to exert selling pressure.” – By @burak_kesmeci Read more 👇https://t.co/qTBHH0OVA9 pic.twitter.com/A0132i8Q1x — CryptoQuant.com (@cryptoquant_com) July 26, 2024 On July 23rd, the Securities and Exchange Commission (SEC) granted its approval for nine Ethereum exchange-traded funds (ETFs) to begin…

Substrate blockchains now support Move smart contracts, enabling Move parachains on Polkadot. Eiger integrated MoveVM with Substrate and introduced the “smove” tool for managing gas costs. According to a recent announcement, Substrate the primary blockchain software development kit (SDK) for parachains that make up Polkadot Network, has integrated Move smart contract. The Integration will now allow developers to build on Polkadot using Move parachains. Through Move virtual machine (MoveVM), this development, led by Eiger, expands the functionality of Substrate-based networks, offering new opportunities for blockchain development. Move VM 🤝 Substrate Substrate blockchains can now execute Move smart contracts, and Move…

According to Bloomberg ETF analyst Eric Balchunas, the Bitcoin spot ETF market is showing that Boomers are proving to be much better hodlers than most people initially thought they would be. Balchunas shared these remarks on Tuesday as he commented on the spot Bitcoin ETFs positive flows. In a post on X, the analyst noted that US spot Bitcoin ETFs held strong amid ‘step back’ phase that saw a streak of outflows. Notable during this period, particularly in the past month, Bitcoin price fell sharply and struggled to recover. But as data shows, spot ETFs picture on July 2 has…

Eric Balchunas, senior ETF analyst at Bloomberg, has some good news for market participants who are disappointed by the seemingly underwhelming performance of Ethereum ETFs. According to Balchunas, these products are seeing “very healthy” inflows and trading volumes. Tough days ahead Despite this optimism, Balchunas has warned that the next few days could be “tough” for these products due to outflows from Grayscale’s ETHE. On Thursday, these much-anticipated products logged $152.4 million worth of outflows. Grayscale’s ETHE bled a whopping $346 on its first day. So far, Ethereum ETFs have had only one day of positive inflows, which was their…

This article represents the opinion of the author and is not to be construed as financial advice. Ripple’s XRP may be one of the most undervalued currencies in the blue-chip blockchain economy. That’s due to XRP’s legal success against the SEC and its product development. Could XRP price be gearing up for a moonshot bull run sometime in Q3? Very Bullish XRP Price Prediction XRP price analyst Egrag Crypto raised the staggering specter of a $17 XRP price sometime in the near future if Ripple bulls beat key resistance at $1 and keep it running to XRP’s all-time high price…

The Pacific island nation of Palau is furthering its partnership with decentralized identity protocol RNS.ID to deploy digital residency IDs (DIDs) on the Solana blockchain. The launch of Solana-based IDs was announced yesterday by the official RNS.ID Twitter account. The company claims that “this marks the first time a sovereign nation issues legal identity on Solana.” The country launched its digital residency program in 2022, which grants global citizens residency backed by Palau. But the people who acquire them don’t have to physically live there. The nation minted its first Legal DID, or decentralized ID, in September 2023 on Ethereum—with…

Bitcoin maximalist Michael Saylor, who cofounded MicroStrategy business intelligence behemoth and is currently the company’s executive chairman, has taken to his X social media (formerly widely known as Twitter) account to deliver a Bitcoin message to the global community of Bitcoiners. Michael Saylor shares “BTC optimistic” message The world’s leading cryptocurrency is struggling to break above $63,000, which it lost on Monday for the third time recently and, prior to that, it had plunged from the $69,800 level on June 12. Saylor tweeted: “Be Different,” using the Bitcoin symbol for the letter “B.” ₿e Different — Michael Saylor⚡️ (@saylor) July…

Although Spot Ethereum ETFs experienced inflows on the first day, they continue their negative course with outflows in the following days. Stating that ETH ETFs also follow the Bitcoin ETF process, analysts think that the outflows in Grayscale Ethereum Trust may end in the near future if they continue at this rate. At this point, the majority of analysts state that these declines in ETH provide a buying opportunity. However, SynFutures CEO and co-founder Rachel Lin stated that she did not agree with this view and said that she expected a negative picture for ETH investors in the short term.…

Meme coins inspired by former President Donald Trump rose higher on Sunday following President Joe Biden’s announcement to end his re-election bid and pull out of this year’s race. Political candidates during this election cycle have continued to garner interest from punters of the blockchain betting site Polymarket, as well as renewed interest in meme coins. Solana-based Trump meme coins, Doland Tremp (Tremp) and TrumpCoin (DJT), rose more than 10.5% and 6.5% on the day shortly after Biden made his announcement on X. Ethereum-based meme coin Maga Hat (MAGA) also rose by more than 7%, according to CoinGecko data. Both…

Zero-knowledge SNARK (Succinct Non-Interactive Argument of Knowledge) refers to a process where one can demonstrate knowledge without revealing that information and without the prover and verifier interacting. “The development represents a major leap forward for the BitVMX proving system, demonstrating the ability to challenge and validate the execution of a SNARK verifier on-chain,” Rootstock’s team said. Bitcoin layer 2 Rootstock has interactively verified a SNARK proof in a potential breakthrough for the development of zero-knowledge proofs on the original blockchain network. Rootstock verified the SNARK using BitVMX, which is Rootstock’s modified version of BitVM, a computing paradigm designed to allow…