Author: NBTC

Speaking before the Senate Appropriations Committee, SEC Chairman Gary Gensler said he anticipates S-1s for spot Ethereum ETFs will be approved by the end of the summer. Fox correspondent Eleanor Terrett shared details of the Ethereum ETF conversation between SEC Chairman Gary Gensler and US Senator Bill Hagerty. Gensler said “throughout this summer,” while Hagerty said “by the end of the summer.” “I would dream sometime during this summer…” Gensler said in response. “If you’re telling me these applications will be approved by the end of the summer, I appreciate that,” Hagerty said. said” Clarifying on details here: Gensler said…

The Shiba Inu ecosystem team shares a new update about the play-to-earn (P2E) version of its upcoming Collectible Card Game (CCG), Shiba Eternity. In an X post yesterday, Shiba Inu’s marketing lead, Lucie, disclosed that the highly anticipated blockchain version of Shiba Eternity is nearing its launch. She emphasized that the game already has a mobile version that allows players to earn ‘Kibbles.’ What We Know About Shiba Eternity So Far Shiba Eternity is getting very, very close! You can already play and train on the mobile version, where you can earn Kibbles. The blockchain version will be different, though.…

Bitcoin, the pioneer of blockchain technology, has faced challenges as its adoption has grown. With its original design allowing only seven transactions per second, the network often struggles with scalability, leading to high fees and slower transaction times. To address these issues, Bitcoin layer two (L2) solutions have emerged. These projects aim to enhance the Bitcoin blockchain by developing an execution layer that processes transactions off the main chain, thereby increasing throughput and maintaining security. These L2s also enable new functionality, like smart contracts. What Are Bitcoin Layer Twos? Bitcoin layer twos (L2s) are secondary protocols or networks built on…

Readers will find today’s analysis of Ethereum (ETH) interesting. On June 11, about 542,000 ETH moved out of exchanges— the largest outflow of the year. However, the trend did not take long to change, prompting speculation that the potential increase to $4,000 may be delayed. Ethereum Opens the Floor for Bears According to data from CryptoQuant, the number of ETH withdrawn from exchanges has decreased. For instance, the figure recorded on June 12 fell by almost half from what it was the day before. As of this writing, BeInCrypto observes that 70,839 ETH has flown out of top exchanges. In…

As XRP price recovers from the weekend’s dip, on-chain data shows multiple movements of XRP tokens to exchanges within the last few hours, sparking bearish concerns. Over the weekend, XRP revisited the $0.43 range following a 21% price collapse influenced by Bitcoin. However, within the past day, the asset has engineered a notable comeback, reclaiming the $0.5 range. In particular, XRP is up by over 5.3%, with its price currently at $0.5165. Amid this recovery, Whale Alert has indexed XRP transfers worth millions of dollars from multiple unknown wallets to three top centralized exchanges: Bitvavo, Bithumb, and Bitstamp. These transactions…

A closely followed crypto strategist says Bitcoin (BTC) just flashed a signal last seen before the dramatic rallies of the 2017 bull market cycle. Pseudonymous analyst TechDev tells his 452,600 followers on the social media platform X that the Bitcoin versus M1 money supply chart just breached the resistance of the exponential moving average Bollinger Bands on the monthly chart. According to TechDev, the same thing happened in the first months of 2017 before Bitcoin printed gains of more than 2,600% in less than a year. “You’re looking at the first breakout of Bitcoin against M1 money supply since March…

Cryptocurrency markets remained under pressure during U.S. trading hours on Thursday, continuing a pullback that began a day earlier when the Fed signaled it only expected to cut rates once this year. The price of ether (ETH) for a led a mid-morning bounce after U.S. Securities and Exchange Chairman Gary Gensler – in testimony at a Senate hearing – said he expected spot ether ETFs to have received full approvals from his agency by the end of the summer. The news sent ether higher by 1%, but it turned out to have been a selling opportunity, with the price reversing…

Solana (SOL) has every reason to go on a parabolic run as community members are ecstatic following the release of a major congestion fix on the mainnet. According to a new update from the blockchain, a new version upgrade dubbed v1.17.31 has been released and is now available for use by MainnetBeta validators. For the past few years, Solana has faced massive congestion that has caused a lot of damage to applications hosted on it, investor’s assets and, ultimately, its reputation. The congestion issues became compounded by the explosion of meme coins on the blockchain. These meme coins helped Solana…

Billionaire venture capitalist Chamath Palihapitiya says it would be a smart move for some countries to use Bitcoin (BTC) alongside their local currency. In a new installment of the All-In Podcast, Palihapitiya says he recently spoke with Wences Casares – a Silicon Valley entrepreneur who introduced him to Bitcoin in 2010 when BTC was trading at around $80. Palihapitiya says Casares explained a “powerful concept” that maps out a path for the mass adoption of BTC. “When I talked to Wences about this, how he explained it, which makes a lot of sense to me is there are a lot…

In a hearing on the fiscal 2025 budgets for both the Securities and Exchange Commission and the Commodity Futures Trading Commission, crypto was — of course — one of the big topics discussed. Senator Bill Hagerty, R-TN asked SEC Chair Gary Gensler about the timeline for a potential ETH ETF, to which Gensler seemed to confirm that the products would face final approval this summer. “I would envision sometime over the course of the summer” that the individual issuers would be approved, Gensler answered. This lines up with previous Blockworks reporting from Ben Strack, who wrote Wednesday that the SEC…