Author: NBTC

A closely followed crypto strategist believes that Bitcoin (BTC) could reach a six-figure price tag if it manages to reclaim a major resistance level. In a new strategy session, pseudonymous crypto analyst DonAlt tells the 61,000 subscribers of the TechnicalRoundup YouTube channel that the sell-off Bitcoin has witnessed recently could be invalidated if it manages to close around 9% above its current price. Afterward, the trader says the top crypto asset by market cap could kick off a rally that would see it eclipse its all-time high set earlier this year. “The invalidation is above $63,000, $64,000. Like the moment…

Lido Finance has reported impressive growth metrics for the week of July 15 to July 22, 2024. The Total Value Locked (TVL) in Lido increased by 9.34%, reaching $34.57 billion. This surge was driven by both an influx of new stake inflows and a rally in token prices, indicating growing investor confidence and market interest in the platform. The rise in Lido’s TVL to $34.57 billion was fueled by the staking of an additional 85,792 ETH. This significant growth reflects the heightened market interest and a strong belief in the future potential of Lido Finance. Investors are increasingly looking to…

Igloo, Inc, the parent company of popular NFT brand Pudgy Penguins, has raised over $11 million in funding to develop a new Ethereum layer-2 scaling network called Abstract, the company announced Tuesday. The funding round was led by Founders Fund, with additional investments from Fenbushi Capital, 1kx, Everest Ventures Group, and Selini Capital. Igloo will use the funds to establish Cube Labs, a new venture that will oversee the development of Abstract, an Ethereum layer-2 network. In June, Igloo announced the acquisition of Frame, an NFT-centric layer-2 network, with plans to have that team contribute to Abstract. “While building Pudgy…

A hot dog a day may not keep the doctor away. But can it help fuel excitement around a meme coin? Inspired by Costco’s flagship hot dog—and its decades-long price tag of $1.50 (plus drink)—a crop of crypto traders have found themselves engaged with Costco Hot Dog (COST). The Solana-based meme coin is an unofficial riff on the wholesale retail giant’s product, yet many holders are fans of the menu item and its dependable, inflation-flouting price point. That includes the crypto trader Joe, 28, who declined to provide his last name. On Twitter (aka X), he has committed to eating…

IOTA plans to bring billions of real-world assets on-chain through tokenization. IOTA’s use of directed acyclic graph (DAG) technology enables faster, fee-less transactions and supports its transition to a robust Web3 ecosystem. Following a recent interview, Dominik Schiener stated that the IOTA Foundation plans to bring billions of assets on-chain through RWA tokenization, as reported by CNF last June. In a revealing interview with Professor Jo on a popular Korean YouTube channel, co-founder of IOTA, Dominik Schiener, shared his intriguing journey of IOTA, a blockchain project that was initially part of his high school startup in 2015 and turned into…

Analyst shares top three Bitcoin (BTC) cycle top prices still in play for this crypto bull cycle. He bases his expectations off of historical Bitcoin cycle data. This upward movement will only come after significant equity market correction. Crypto analysts and long-time Bitcoin (BTC) holders study the price charts closely and share their opinions on when and how the market will recover. Some even share their predictions for the Bitcoin (BTC) cycle top and the predictions are quite bullish for 2025. In detail, an engineer and Bitcoin (BTC) enthusiast shares detailed observations on where the Bitcoin (BTC) price top will…

In an extraordinary demonstration of its scalability and efficiency, the TON Blockchain successfully onboarded over a million global users within a mere 30 hours, starting on May 16, 2024. This historic milestone was achieved during the highly anticipated token generation event for Notcoin, the world’s fastest growing Web3 community, which originated from a viral blockchain-based game. The remarkable feat highlights the robustness and advanced architecture of TON Blockchain, which ensured that all users could transact concurrently without experiencing any network outages, spikes in fees, or delays in processing times. This seamless onboarding experience underscores TON’s position as a leading blockchain…

Yesterday, the launch of a game for the Paris Olympics was announced, which will be based on the Tezos Blockchain. This is Athletics Rush by TapNation, a digital athletics game. Tezos: the blockchain game on the occasion of the Paris Olympics TapNation Tezos blockchain develops a Web3 game for the Paris Olympics The crypto XTZ The Web3 games The comment Tezos: the blockchain game on the occasion of the Paris Olympics Athletics Rush was released yesterday, a few days before the opening of the Paris 2024 Olympic Games. It promises an engaging mobile gaming experience with global competitions, various game…

Seasoned analysts share their opinion on when the local bottom will be set for Bitcoin (BTC). One side of the story says Bitcoin (BTC) will be set now around the $57,000 mark. The other opinion expects a bottom to come in at $48,000 once all the sell offs conclude. As the crypto market continues to dip mainly due to the Mt. Gox reimbursements sell offs and from the German Government selling its crypto holdings. The latter has been a slow sell off since the past couple of weeks while the former has just begun its share of BTC selling. As…

Welcome to Decrypt’s Week in Polkadot, our regular round-up of the latest developments in the Polkadot ecosystem. Funding platform hits Polkadot Polimec, a new decentralized and community-centric funding protocol, has officially launched on Polkadot. The platform allows its community members to assess and support Web3 projects, granting them access to funding information and project evaluations, and allowing them to join funding rounds. The protocol, according to Polimec, is specifically built with compliance with U.S. regulatory standards in mind, and users must first obtain a Deloitte KYC Credential before they begin to invest. Members of the platform can choose to become…