Author: NBTC

Investors’ eyes are fixed on spot Ethereum ETFs and how products could perform in the opening months after Bitcoin funds were hugely successful. On Tuesday, the first nine U.S. spot Ethereum (ETH) ETFs opened for trading on national exchanges following the Securities and Exchange Commission’s (SEC) final greenlight. Wall Street players and retail investors can now access exposure to crypto’s second-largest decentralized token, ETH, via a regulated institutional wrapper. According to Bloomberg’s James Seyffart, the funds debuted with nearly $10.3 billion in assets under management (AUM). Most of that money is domiciled in two Grayscale products, one of which is…

Bitcoin fell below $60,000 amid heavy selling pressure, reaching a recent low of around $57,800. The sell-off triggered over $77 million in Bitcoin long liquidations across centralized exchanges in the past 24 hours, contributing to a total of $295 million in market-wide liquidations. The broader crypto market experienced substantial losses, with ether, the second-largest cryptocurrency, facing over $71 million in liquidations, of which $62 million were long positions. Solana’s SOL and Dogecoin (DOGE) led losses among major tokens. Fears of looming selling pressure from the defunct Mt. Gox exchange and possible miner sales contributed to the market decline. Mt. Gox…

Aave, a prominent player in decentralized finance (DeFi), has announced plans for a token buyback from the public market. The initiative aims to modify the platform’s fee structure by activating the “fee switch,” a proposal introduced by AAVE official Marc Zeller and supported by the Aave community. This proposal includes a strategic buyback of AAVE tokens to reduce supply, thereby potentially increasing the value for current token holders and boosting protocol revenue. Aave plans to activate a “fee switch” to modify its fee structure and initiate a token buyback, aiming to increase token holder value and enhance protocol revenue. Aave’s…

Ethereum (ETH) is up 25% in 15 days, and it could be just the beginning of a massive bull run as it consolidates as the “second best” cryptocurrency. Analysts believe the spot Ethereum ETFs have fueled this performance, and they start trading today, on July 23. Notably, it has been a volatile ride for ETH investors in 2024. Ethereum’s native token went from $2,140 earlier this year to as high as $4,091 in mid-March. Currently, the second-largest cryptocurrency by market capitalization trades at $3,525, waiting for the United States market to open. It marks a 25% rally in 15 days…

Whales are showing interest in the token amid increasing talks about spot Solana ETFs. It comes after Bitcoin (BTC) and Ethereum (ETH) ETF approvals and launches, giving institutional players, like retail, access to the named cryptocurrencies. The Solana blockchain is popular for its high transaction speeds and low costs. These fundamentals, coupled with a prospective approval, increase demand and liquidity for Solana. Whales Position Themselves for Solana ETF The crypto market’s on-chain data and insights source, Lookonchain, reported two whales withdrawing 238,893 SOL worth $41.4 million from the Binance in the past two days. They staked these holdings, suggesting interest…

After weeks of worrisome trading, things appear to have come to a head for the crypto markets on July 4 as the price of Bitcoin (BTC) and many other major coins and tokens fell precipitously. The downturn proved, by press time, sufficient to see the total market capitalization of cryptocurrencies drop more than $130 billion within a single day from about $2.18 trillion to $2.05 trillion. Bitcoin, while risking a freefall as it struggles to hold on to a critical support level near $57,000, does not account for the entire drop as the total market cap of all other cryptocurrencies…

Total value locked on EigenLayer has dropped by 13% to $15.1 billion in the past 30 days, even though ether is trading at a similar level to June. Outflows can be attributed to the fickle nature of points farming and the limited returns on restaking protocols. Ether.fi has bucked the trend, experiencing growth in the period. Billions of dollars worth of ether (ETH) has been withdrawn from restaking protocols over the past month as the once trendy sector gets its first taste of the fickle nature of crypto investors. On June 25, ether (ETH) was trading at $3,300, a shade…

Blockchain intelligence platform Santiment recently released a 10-year chart of notable altcoins and their non-empty wallets (holders), illuminating their user base, market standings, and investor engagement. 📊 Below is the 10-year chart of notable altcoins and the amount of non-empty wallets (hodlers) on their respective networks:Litecoin: 8.08M WalletsDogecoin: 6.69M WalletsXRP Ledger: 5.24M WalletsCardano: 4.48M WalletsShiba Inu: 1.39M WalletsChainlink: 722K Wallets pic.twitter.com/BiF97RBJmz — Santiment (@santimentfeed) July 24, 2024 According to Santiment, Litecoin (LTC) tops the standings with 8.08 million non-zero balance wallets, reflecting its status as the oldest asset analyzed, having launched in 2011. This consistent growth suggests strong investor confidence…

Seven U.S. states have united in a coalition to challenge the U.S. Securities and Exchange Commission’s (SEC) regulation of cryptocurrency. The states filed an amicus brief arguing that the SEC’s “power grab” would stifle innovation, harm the crypto industry, and exceed its authority. Seven-State Coalition Opposes SEC’s Cryptocurrency Regulation The Office of the Attorney General of Iowa announced earlier this month that Iowa Attorney General Brenna Bird led a seven-state coalition in filing an amicus brief opposing the U.S. Securities and Exchange Commission’s (SEC) attempt to regulate cryptocurrencies. The amicus brief, supported by Arkansas, Indiana, Kansas, Montana, Nebraska, and Oklahoma,…

The Web3 upgrade of the Shiba Inu ecosystem game Shiba Eternity will feature ranked tournaments, NFT minting, and strategic gameplay enhancements. Shiba Eternity, the popular digital card game, is set to undergo a transformation with its Web3 integration. According to a recent update from Lucie, the marketing lead at SHIB.io, the game’s upcoming upgrade, Shibatopia arena, will introduce ranked tournaments and blockchain-backed card battles on the Shibarium platform. SHIBA ETERNITY ON SHIBARIUM ( IS NOT LIVE YET! ) Shibatopia arena: Shiba Eternity’s Web3 upgrade is coming ( this is just info) , featuring ranked tournaments and blockchain-backed card battles. •Web3-Powered…