Author: NBTC

Bitcoin is fast selling off. At spot rates, the world’s most valuable coin dropped by over 5% on the last day of trading and continues to spiral lower, easily breaking $60,000. The psychological round number has been level to watch out for over the previous few days, especially following gains over the weekend. Bitcoin Is Down: Is It Time To Buy? While Bitcoin is edging lower and sellers are relentless, one analyst thinks this is the right time to stack up. In a post on X, the analyst argues that Bitcoin is on the cusp of the “Spring” phase within…

Ethereum is approximately one-third the size of Bitcoin, and the debut of its spot ETFs was slightly less than commensurate by size. However, ether has outperformed bitcoin when we look at the absolute value of its net flows on the day of its ETFs debut. Ether posted a positive $107 million versus bitcoin’s decidedly negative -$1.5 billion. First-day trading volume of Blackrock’s spot ether ETF totaled approximately one-quarter the volume of first-day trading volume of Blackrock’s spot bitcoin ETF. Combined, trading volume for all nine spot ether ETFs totaled $1.112 billion yesterday — slightly under one-quarter the volume of all…

Elon Musk appears to be considering whether his Electric Vehicle (EV) manufacturing company, Tesla, should invest $5 billion in his artificial intelligence (AI) startup, xAI. On July 24, Musk polled his followers about the potential investment, with early results showing support for the move. However, Musk clarified that the poll was only exploratory and any decision would need board and shareholder approval. Musk said: “Board approval and shareholders vote are needed, so this is just to test the waters.” As of press time, more than 500,000 people had participated in the poll, with around 69% voting in favor of the…

The cryptocurrency market is bracing for a potential influx of tokens worth over $376 million from at least five prominent projects, including Optimism and dYdX exchange, in the coming weeks. Tracking platform Token Unlocks highlighted this impending market event in a recent post on X. Planned unlocks for next | Token Unlock Optimism is set to release the largest quantity of tokens next week, with plans to unlock an additional 2.88% of the OP token supply. On May 31, the Optimism team will distribute 31.34 million OP tokens, valued at $82.12 million, to founders, the project team, and select private…

Vice President Kamala Harris is now the presumptive Democratic Party nominee for President of the United States, after President Joe Biden abruptly announced he was withdrawing from the race. With her assent to the top of the party ticket comes questions about how a potential Harris Administration might differ from the Biden Administration’s approach to crypto. The narrative Vice President Kamala Harris becoming the presumptive Democratic nominee for president after President Joe Biden announced he would no longer seek the seat led to a definite vibe shift. ActBlue, a Democrat-focused fundraising service, reported $160 million in inflows since Biden announced…

GameFi tokens are showing signs of returning as potential gainers, with increased trading volumes. GameFi, an extension of play-to-earn, was among the struggling narratives in the past months. GameFi is returning among narratives making short-term gains. A selection of older gaming tokens is showing 700% growth in volumes and positive price action. GameFi tokens are showing signs of re-awakening after games on Telegram also gained popularity. Also Read: 5 Meme Coin Presales That Could Net 100x Gains For the past week, Dune Analytics data shows a basket of GameFi tokens grew its volumes by 733%, while marking an average 18%…

Metis has announced a strategic partnership with codatta, a leading AI-driven protocol for blockchain metadata analysis. This collaboration marks a pivotal step towards transforming the accessibility, reliability, and utility of blockchain data within the Metis ecosystem. codatta, previously known as b18a, is on a mission to demystify blockchain data, making it universally accessible and understandable. By incorporating semantics-enabling metadata to decode anonymized blockchain addresses, codatta provides detailed insights that simplify complex transaction data. These insights are invaluable for applications in cobmpliance, risk management, and market trend analysis. Moreover, codatta’s technology facilitates the creation of portable on-chain profiles, offering users sovereignty…

Bitcoin’s (BTC) price has declined considerably over the past few days, even losing a critical support level. This seems to have triggered investors’ hopes of the altcoin season beginning, but the truth appears to be rather different. Bitcoin Dominance Slips Bitcoin’s price is hovering around $58,000 at the time of writing after losing the psychological support level of $60,000 this week. This resulted in Bitcoin’s dominance (BTC.D) also falling considerably. BTC dominance was observing a macro uptrend that had been unbroken since the beginning of the year. However, the end of June and the beginning of July have not been…

Pro-crypto U.S. financier and cofounder of the SkyBridge Capital fund Anthony Scaramucci has taken to the X social media network (famously formerly Twitter) to share an outlook on which cryptocurrency the next exchange-traded fund is going to be launched. He believes this will be Solana (SOL) – the fifth largest cryptocurrency with the market capitalization valued at $74,257,065,079. Today, Scaramucci published a tweet in which he advised the global cryptocurrency community to get ready because “we are going to get a SOL ETF.” We are going to get a $SOL ETF get ready. — Anthony Scaramucci (@Scaramucci) May 24, 2024…

Famous American wealth advisor Mickle suggests that Judge Analisa Torres’ declaration about XRP’s legal status dealt a heavy blow to the SEC’s case against Ripple. Recall that Judge Torres declared that XRP in itself is not a security but can be sold as part of an investment contract, as reflected in the decision relating to institutional sales, which were found to be a violation of federal securities law. Judge Torres Weakened the Foundational Basis of SEC Case In a recent clip shared on X, Mickle emphasized that Judge Torres’ declaration about XRP not being security was “Dicta,” a legal term…