Author: NBTC

Key Points: US Unemployment claims in the US rose by 8,000 to 229,000, exceeding market expectations and reaching the highest level since early May. The unexpected surge in jobless claims signals potential challenges in the US job market, raising concerns about economic recovery. Factors like rising interest rates and geopolitical tensions may be influencing businesses, prompting cautious staffing decisions and affecting overall economic growth. The number of people claiming US unemployment benefits increased by 8,000 to 229,000 in the week ending June 1st. This figure significantly surpassed market expectations of 220,000 and represents the highest reading since early May’s eight-month…

Gas prices on Shiba Inu’s Shibarium have skyrocketed a staggering 2,050% in just two days, marking a dramatic turn in the token’s network dynamics. Shibariumscan data reveals an unprecedented surge in the cost of commission gas on the blockchain, soaring from 18 gwei to a remarkable 37.6 gwei within a mere 24-hour period. This exponential spike follows a previous surge of 1.84 gwei just two days prior, underscoring the astonishing pace of Shibarium’s transactional usage. The surge in gas prices can be largely attributed to the escalating utilization of the network. Over the past day alone, Shibarium has witnessed a…

Fleek, an edge-optimized onchain cloud platform, and Polygon Labs, renowned for building a network of aggregated blockchains, have announced a strategic collaboration. —This partnership aims to deliver high-performance, permissionless web services tailored for Polygon CDK projects and other initiatives on the Polygon network. Fleek’s recent benchmarks have demonstrated its potential to outperform traditional cloud services like AWS Lambda.In conjunction with this collaboration, Fleek is launching its first public testnet, featuring CDN and JavaScript Runtime services, with Edge Functions as the initial use case.“We are thrilled to team up with Polygon Labs to provide Polygon CDK developers with onchain alternatives for…

Bitcoin, the world’s most prominent cryptocurrency, has garnered significant attention due to its extreme price volatility, presenting both substantial risks and potential rewards for investors. But two things are certain in the world of crypto: Halvings are bullish, and crypto winters follow halvings. To better understand these terms, in the Bitcoin ecosystem the “halving,” is a pre-programmed occurrence that reduces the rate at which new bitcoins are created or mined by half. This event has historically been viewed as bullish for long-term holders, with 3,230% gains within one year after each halving according to Coingecko (yay). But shortly after this…

Key Points: USDC on Benji Investments is now supported to USD conversions for investing in Franklin OnChain US Government Money Fund shares. The service is available to institutional wallets, with potential future access for individual investors via the mobile app. Franklin Templeton has announced that users of the Benji Investments platform can now exchange USDC for USD to fund investments in Franklin OnChain US Government Money Fund shares. Each share is represented by a “BENJI token.” USDC on Benji Investments Support Now Available 2 Franklin Templeton Enables USDC on Benji Investments Zero Hash, a crypto and stablecoin infrastructure platform supporting…

Prominent XRP Ledger (XRPL) validator Vet recently spotlighted a convenient UI for seamlessly bridging XRP to the EVM sidechain on the devnet. The recent disclosure demonstrates the behind-the-scenes progress made toward launching the XRPL bridge and the EVM sidechain to the public. Notably, these products are expected to help bolster interoperability for the XRPL ecosystem. In a recent post on X, Vet confirmed his plans to bridge XRP tokens to the EVM sidechain on the devnet, lauding the impressive convenience of the user interface. According to him, he is looking to deploy a smart contract on the sidechain when he…

Hamster Kombat, the latest Telegram-based game to follow in the footsteps of crypto gaming sensation Notcoin, is seeing skyrocketing interest ahead of the upcoming token launch on The Open Network (TON). Now the team has revealed a massive milestone for players and has teased a launch target for the impending token. On Wednesday, the Hamster Kombat team announced that it has drawn 100 million players into the Telegram mini app to date, blasting upwards from a claimed mark of 60 million players last Friday. That’s an enormous amount of players for any game, let alone one that is set to…

The cryptographic ecosystem of Avalanche is looking to increase the security of its infrastructure by implementing external web3 solutions. Today Core, the native wallet of Avalanche developed by Ava Labs, announced a strategic partnership with the provider Blockaid, which provides a suite of tools to simulate transactions before their actual execution and avoid cyber scams such as phishing and hack. Security is a very important topic within the crypto sector, where from 2017 to today hacking activities have been carried out for a total damage of 8.2 billion dollars. Let’s see everything in detail below. Avalanche Core forms a partnership…

Bitcoin’s impending reward halving, though monumental, is unlikely to cause a volatility explosion, according to Amberdata’s Greg Magadini. The impact of the Bitcoin blockchain’s reward halving on miners and the BTC price has been well documented over the years, leaving little room for a surprising outcome. Bitcoin’s fourth mining-reward halving is due on April 20, when the blockchain’s code will reduce the per-block bitcoin (BTC) issuance to 3.125 BTC from 6.25 BTC. In the run-up, implied volatility (IV) on the largest cryptocurrency by market value has ticked higher, suggesting increased price turbulence in the days surrounding the quadrennial event. Still,…

Kerrisdale Capital’s Sahm Adrangi, who has been earning something of a reputation in the crypto industry, has short-sold Riot Platforms (NASDAQ:RIOT). RIOT was trading at $9.85 per share when Adrangi tweeted a couple minutes prior to NASDAQ’s 9:30am open. Within an hour, it had dropped 10% to $8.84. The move seemed to vindicate the privileged, Miami Beach-based fund manager, whose aggressive media appearances have given the crypto community little reason to support him. Indeed, until now, he’s perhaps best known for making a few million dollars flipping a mansion and getting arrested at 3am in the Hamptons on charges of…