Author: NBTC

Ethereum ETFs will push ETH to a new all-time high above $5,000, says Bitwise. Citi predicts ETH ETFs will attract around $5 billion in net inflows within six months of launch. Peter Brandt suggests ETH could rally 60% if it makes a key move. Ethereum (ETH) is up nearly 2% on Tuesday following predictions from Bitwise chief investment officer (CIO) Matt Hougan that ETH ETFs could help push ETH to a new all-time high above $5,000. Other predictions from Citi Bank and trader Peter Brandt also align with Hougan’s position. Daily digest market movers: Ethereum ETFs deciding factor for new…

The tokenized US Treasury market is gearing up for significant growth. Analyst Tom Wan from 21.co predicts that this segment could reach $3 billion by the end of 2024. This growth is fueled by a strategic shift towards real-world asset (RWA) tokenization within the decentralized finance (DeFi) ecosystem. Arbitrum and MakerDAO Lead the Charge in Tokenized Treasury Allocations According to Wan, decentralized autonomous organizations (DAOs) and DeFi projects seeking diversification and stability in their treasuries will largely drive this anticipated surge. By integrating tokenized US Treasuries, these entities aim to access risk-free yields while staying within the blockchain ecosystem. “With…

A member of the Dogecoin and X teams known as “DogeDesigner” (@cb_doge) has made an important statement to the DOGE army about exactly which cryptocurrencies are accepted by Elon Musk’s leading company Tesla, the electric car maker. Among frequent cases of scammers and rumor-makers spreading misleading data about Tesla giant and crypto, @cb_doge issued a reminder that Tesla accepts payments in just one cryptocurrency – Dogecoin. Tesla accepts only one cryptocurrency: Dogecoin pic.twitter.com/FIvcMeurnP — DogeDesigner (@cb_doge) May 27, 2024 The DOGE community took in this announcement very positively. One X user tweeted that it is time for Elon Musk “to…

A Bitcoin address holding 140 BTC, worth more than $8 million today, has reemerged after a decade of inactivity, according to blockchain tracker Whale Alert. The address, dubbed “1BLoHu,” first received 140 BTC in 2013, when it was worth about $107,000. As mentioned, the transaction 11 years ago originated from another address, “1aWmn,” which also had a remaining balance of 180 BTC. While 140 BTC were transferred to “1BLoHu”, public records show that another 40 BTC were transferred to Okcoin. Today, the latest activity saw “1aWmn” transfer the dormant 140 BTC from “1BLoHu” to a new address, “bc1q66.” The identity…

Launch of spot ether ETFs in the U.S. will push the price of the crypto to all-time highs above $5,000, the report said. Bitwise said money flowing into new ether spot ETFs will have a larger impact than it did for bitcoin. Ether spot ETFs are expected to draw in $15 billion of net inflows in the first 18 months. The launch of spot ether (ETH) exchange-traded funds (ETFs) in the U.S., expected to occur next week, will push the price of the second largest cryptocurrency to all-time highs above $5,000, Bitwise said. It may not happen immediately and price…

Japanese blockchain company Soramitsu Labs is preparing to initiate a proof-of-concept experiment for a central bank digital currency (CBDC) in Papua New Guinea at the request of the country’s central bank. The Tokyo headquarters says the initiative aims to use blockchain technology to create a “common platform for Pacific island nations.” Papua New Guinea, struggling with a number of financial inclusion and security challenges, is looking for new blockchain-based solutions to address these issues. Violent crime, including robbery, is common in many areas of the country, hampering financial inclusion and safety. Soramitsu said implementing a CBDC could serve as a…

A trader who nailed the May 2021 Bitcoin collapse believes BTC could see more downward price action before igniting a renewed rally en route to new all-time highs. Pseudonymous analyst Dave the Wave tells his 146,700 followers on the social media platform X that BTC may revisit the “buy zone” of his logarithmic growth curve (LGC) model before carving a local bottom. The LGC model aims to predict Bitcoin’s longer-term cycle lows and highs while filtering out shorter-term volatility. According to the analyst, BTC may be mirroring its early 2017 price action when it witnessed a 40% correction before launching…

According to a report by BlockBeats and data monitored by The Data Nerd, considerable whale transactions occurred on July 17 when 1,665 ETH was moved from Blast to Binance. These ETHs, bought over eight months ago for $2,055 a pop, are now worth close to $5.78 million. If sold at their current values, that should bring a decent flip profit of $2.36 million. This move indicates strategic positioning in the crypto market and may suggest future moves by the trader or another entity with a stake. Investors and market watchers are watching such significant moves closely. News of 1,665 ETH…

Following FED Chairman Jerome Powell’s positive statements on inflation last week, September is considered certain for the first interest rate cut, while new statements came from FOMC member John Williams. Speaking to the Wall Street Journal, Williams said the Fed is “getting close” to a point where it could start cutting interest rates but won’t have enough data before the September meeting to prove inflation is on a sustainable path to 2%. “Based on the data and what we have seen over the past three months (I will also include June) I think the data is getting us closer to…

Olympic gold medal winner Caitlyn Jenner appears to have launched a Pump.fun token, which sent Crypto Twitter into a meltdown. That’s led Decrypt down a rabbit hole to find the person who claims to have deployed the JENNER token on Pump.fun. “We love crypto!” Jenner posted on Twitter followed by a Pump.fun link and a photo with Donald Trump. The JENNER token quickly made it onto decentralized exchange Raydium—a key goal for Pump.fun tokens—and is currently up 24,838% since its creation. “I’m connected with pretty much every celebrity,” Sahil Arora told Decrypt, claiming that he deployed the JENNER token. But…