Author: NBTC

Spot Bitcoin (BTC) exchange-traded funds (ETFs) in the U.S. have started their fourth consecutive week with positive gains while BTC consolidates. According to data provided by Farside Investors, spot BTC ETF products in the U.S. recorded $105.1 million in inflows on June 3 — making a positive entrance into the fourth straight week. The majority of the inflows came from Fidelity Wise Origin Bitcoin Fund (FBTC), worth $77 million. Bitwise Bitcoin ETF (BITB) and ARK 21Shares Bitcoin ETF(ARKB) registered $14.3 million and $10.7 million inflows, respectively. Moreover, VanEck Bitcoin Trust ETF (HODL) and WisdomTree Bitcoin Fund (BTCW) had a smaller…

Key Points: Eigen Labs acquires Rio Network, signalling a significant move in the blockchain space. Instead of building a Liquid Restaking Token (LRT), Eigen Labs will open-source Rio Network’s code to support new LRTs. The Rio Network team joins Eigen Labs to enhance the EigenLayer ecosystem, amplifying collaboration and innovation in blockchain technology. Eigen Labs acquires Rio Network team to accelerate our mission of creating an open, verifiable cloud. They will not develop the Liquid Restaking Token (LRT) that they first envisioned for the Rio Network. Instead, they will use code from Rio Network and other forms of intellectual property…

This past week witnessed significant activity from wallets associated with the Ethereum Foundation, involving the sale and transfer of substantial Ethereum (ETH). Notably, two leading wallets connected to the Ethereum Foundation sold 200 ETH, accumulating approximately 744,722 DAI, which roughly translates to a rate of $3,724 per ETH. This sale is part of a broader pattern observed since the beginning of 2024, where these wallets have unloaded a total of 2,166 ETH for an impressive 6.21 million DAI. In the past week, 3 wallets linked to #EthereumFoundation have actively unloaded $ETH!1️⃣ Two Ethereum Foundation’s main wallets sold 200 $ETH for…

GameStop’s stock price popped this morning, with the video game retailer’s share price continuing to improve after it raised more than $2 billion—and all while traders speculate over the next moves of meme stock influencer Roaring Kitty (aka Keith Gill). On June 7, GameStop filed to sell up to 75 million shares of its common stock at its market value of the time of $46.55—which has been inflated over the past couple of months due to Roaring Kitty’s return. The company announced late Tuesday that it sold the maximum number of shares registered with the SEC, raising $2.137 billion in…

The Ton blockchain team believes a new X policy will push more users toward Telegram and its crypto features. Elon Musk’s social network introduced a rule requiring new users to pay a small yearly fee before unlocking X features like News Daily, posts, likes, and bookmarks. Musk’s rationale pointed to a bot-combating strategy, as participants regularly report automated and fake accounts flooding timelines. X’s latest policy addition sparked mixed reactions among users on the platform. The Open Network (TON) blockchain remarked that Musk’s move may indirectly foster greater crypto adoption. The result: more users will choose FREE media that is…

Key Points: Coinbase CEO Brian Armstrong lobbied Senators in D.C. for clear crypto regulations. Coinbase is appealing a court decision supporting SEC authority over U.S. crypto exchanges. Coinbase CEO Brian Armstrong was on Capitol Hill this week, meeting with more than a dozen Democratic and Republican Senators to advocate for clear regulations in the cryptocurrency industry. Coinbase CEO Brian Armstrong Advocates for Clear Crypto Regulations in D.C. Coinbase CEO Brian Armstrong shared an update on X, highlighting bipartisan momentum in the Senate following the House’s passage of the FIT 21 Act. He emphasized the importance of establishing clear rules and…

peaq has announced a strategic collaboration with Olas and Nevermined to unlock AI agents’ potential. This partnership promises to usher in a new era of connected devices operating on Web3, leveraging the unique capabilities of each platform to revolutionize AI-commerce and machine autonomy.—peaq, a layer-1 blockchain specializing in DePIN and Machine RWAs (real-world assets), is expanding its ecosystem with the introduction of AI agents by Nevermined and Olas. Nevermined is developing a decentralized payments protocol tailored for AI agents, facilitating AI-Commerce, such as booking airline tickets through AI-powered personal assistants. Meanwhile, Olas provides a framework for launching and co-owning AI…

The chief executive of the financial giant VanEck believes that Bitcoin’s (BTC) market cap will eventually soar to at least half of gold’s market cap. In a new interview with Scott Melker, VanEck CEO Jan van Eck says that it could take up to a decade for traditional finance (TradFi) to help drive Bitcoin’s market cap to $7.85 trillion. The current gold market cap is at approximately $15.7 trillion. Meanwhile, Bitcoin’s market cap is about $1.36 trillion. “I say [Bitcoin will] eventually become at least half the market cap of gold. So I think that takes another five or 10…

Lido has announced a strategic partnership with Mellow Finance and and Symbiotic, aiming to enhance the utility and liquidity of staked ETH (stETH) through advanced DeFi vaults. This announcement has caused Lido DAO (LDO) and Lido Staked ETH (stETH) prices to jump significantly. This partnership forms the Lido Alliance, which seeks to provide stETH holders with robust security, increased rewards, and innovative staking opportunities. The partnership details Lido’s collaboration with Mellow Finance focuses on providing advanced DeFi vaults, enabling stETH holders to restake their tokens, receive Mellow Vault LRTs, and earn additional staking rewards based on their Vault’s Curator Strategy.…

Legendary trader Peter Brandt has recently updated his outlook on the Ethereum (ETH) price chart, highlighting a worrying pattern. Thus, Brandt has identified a controversial head-and-shoulders top formation, which is typically seen as a bearish indicator, suggesting that the price may soon fall. This pattern usually signals a reversal from a bullish trend to a bearish one, often resulting in a significant drop in price. Despite identifying this bearish pattern, Brandt stressed that he is not short on cryptocurrencies. This is particularly interesting given that just a month ago, in early May, Brandt announced that he was officially short on…