Author: NBTC

Bitcoin (BTC) has traded in a tighter price range in the past 18 days, marking key support and resistance levels. These key levels make for ideal and high-risk entry points in Bitcoin, respectively, as the leading cryptocurrency decides its direction. In a post on X, the prominent Bitcoin and crypto trader who goes by Credible Crypto warns of impending volatility. According to him, BTC is currently at a high-risk entry point, trading near the range’s resistance level. Thus presenting a short-term retracement possibility, targeting the range lows, which corresponds to an ideal entry point at price support. Moreover, Credible Crypto…

The new wallet, Fuse, is designed to eliminate the need to remember seed phrases, instead using wallet recovery and 2FA capabilities. Squads already offers a Solana-based wallet for businesses, which has secured over $10 billion in value. Technology company Squads Labs, which aims to help businesses transact in and manage digital assets, raised $10 million in Series A funding led by Electric Capital. The funding round included participation from RockawayX, Coinbase Ventures, L1 Digital and Placeholder, Squads Labs said in an email on Monday. Squads has also unveiled a smart wallet aimed at individuals for public testing on iOS. The…

Key Takeaways The intersection of AI and blockchains has created amazing opportunities for investors willing to take risks. While many projects are doomed to fail, a handful of established players are in the AI/blockchain space. The potential for AI blockchains seems high, but so is the risk. If you venture into the space, do so with caution and reasonable expectations. The rapid rise of AI has surprised modern society. Advances and improvements are coming at breakneck speeds. In traditional markets, the increase in demand for AI-adjacent technologies has also influenced the fortunes of tech companies like NVIDIA. Accordingly, we are…

Today, the Pyth Network welcomes Keyrock to its data provider community, enhancing the oracle network’s capabilities for powering hundreds of DeFi applications across more than 60 blockchains.—Keyrock, a leading algorithmic trading and market-making firm for digital assets, has been at the forefront of pricing assets and scaling liquidity since 2017. Their extensive experience and technical expertise will bolster Pyth’s Price Feeds offering, ensuring a more secure and efficient DeFi ecosystem.Expanding On-Chain ParticipationIn this partnership, Keyrock will contribute proprietary market data for cryptocurrencies, foreign exchange pairs, commodities, and US equities to the Pyth oracle. The Pyth Network aggregates data from up…

In the northern states of Katsina and Borno, residents are increasingly interested in the meme coin dogecoin. Meanwhile, in Delta State, known for its financial services leaders, bitcoin garners significant attention. A Nigerian lawyer has called on authorities to implement cryptocurrency regulations if they aim to have an impact on the industry. USDT Favored in States With Underdeveloped Banking Infrastructure Nigeria’s interest in cryptocurrencies has remained robust despite the ongoing crackdown on digital asset exchange platforms, with bitcoin and meme coins like dogecoin dominating in various regions. According to a Nairametrics report, interest in dogecoin is more prevalent in Nigeria’s…

Ki Young Ju, an On-chain analyst, recently posted insights on X platform regarding the stability of Ethena’s synthetic dollar protocol, USDe. According to Ki Young Ju’s analysis, the protocol’s reserve fund appears capable of weathering challenges akin to the 2022 FTX/LUNA scenario, as long as its market cap remains below $3 billion. $USDe stress test:Their reserve fund can handle prolonged negative funding rates like in 2022’s FTX/LUNA scenario as long as its market cap stays below $3B (currently $2.4B).The protocol is robust if sufficient reserve funds relative to its market cap. pic.twitter.com/dQLZOqo2o5 — Ki Young Ju (@ki_young_ju) April 17, 2024…

SMQKE, crypto researcher and XRP community figure, shares what he believes is evidence that XRP will come under the purview of the upcoming MiCA regulation. The pundit first presented his argument last month, citing information from two different research papers. One of the papers was a report from the Banque de France (Bank of France), the French central bank, in April. The report focused on CBDCs and crypto assets, specifically discussing the tokenization of finance and digitization of the economy. MiCA Covers Utility Tokens Notably, the research paper spotlighted the Markets in Crypto-Assets (MiCA) regulation as an integral part of…

ZkSync, a leading Layer 2 scaling solution for Ethereum, is setting new standards in blockchain governance with the introduction of ZK Nation, its latest decentralized governance framework. Announced recently, ZK Nation is designed to enhance community involvement and ensure a more democratic management of the zkSync protocol. This initiative marks a significant step forward in the network’s commitment to fostering a resilient and participatory ecosystem, ensuring that the control of the network’s future lies in the hands of its users. The introduction of ZK Nation coincides with zkSync’s upcoming token generation event and an airdrop, signaling a move towards greater…

Key Points: US Bitcoin ETFs hold $62 billion in BTC, over 86% of global Bitcoin ETF holdings, driving Bitcoin prices above $71,000. US spot Bitcoin ETFs saw nearly $900 million in inflows on June 4, the second-highest since their January 2024 launch, boosting market confidence. US Bitcoin ETFs are drawing significant investor interest, with growth remaining steady and impressive inflows marking a notable shift in market dynamics. US Bitcoin ETFs Lead Global Market Surge As of June 4, 2024, global Bitcoin ETF holdings were updated by HODL15Capital, revealing 34 ETFs holding 1,020,000 Bitcoins worth $72 billion. Notably, US Bitcoin ETFs…

Wall Street’s leading banks announced their forecasts for the first interest rate cuts of 2024, following last week’s strong employment data and in anticipation of the FED’s decision to keep interest rates constant this Wednesday. Banks’ estimates of the timing and size of the first rate cuts vary; some are expected as early as September, some are not expected until December or even 2025. Expected reductions range from 25 basis points (BPS) to 100 BPS. Here are banks’ interest rate reduction predictions based on their own current data: Bank of America, BNpp and Deutsche Bank expect the first interest rate…