Author: NBTC

Key Points: Upbit, South Korea’s largest crypto exchange, announces support for new TAIKO trading pairs, including KRW, BTC, and USDT markets. Taiko, an Ethereum ZK-Rollup layer 2 network, aims to address Ethereum’s scalability issues with increased transaction throughput and reduced costs. Ethereum co-founder Vitalik Buterin proposes the first block for Taiko’s mainnet, highlighting the project’s significance in the blockchain community. Upbit has announced its support for new trading pairs for Taiko (TAIKO). The addition of TAIKO trading pairs, including KRW, BTC, and USDT markets, reflects Upbit’s commitment to providing a diverse range of investment options for its users. Taiko, an…

The Sandbox, a subsidiary of Animoca Brands, has announced a $20 million funding round at a $1 billion valuation cap aimed at expanding its creator economy within the open metaverse. This strategic funding, led by Kingsway Capital and Animoca Brands with participation from LG Tech Ventures and True Global Ventures, will support The Sandbox’s vision of a decentralized virtual world where culture intersects with gaming. Previously, in 2022, The Sandbox had looked to raise funds at a $4 billion valuation when the SAND token market cap was around $3.7 billion. However, since the token has declined to around $1 billion…

The Moon Girl collection on Polygon led CryptoSlam’s non-fungible tokens (NFT) sales chart on Wednesday with US$1.36 million in daily sales. It was the second consecutive day Moon Girl notched at least US$1 million in sales. The second-ranking collection for the day was Guild of Guardians Avatars on the Immutable network which recorded sales of US$854,586. Bitcoin Puppets claimed the third spot with a total sales volume of US$818,729, dropping from the previous day’s US$1.33 million. Despite the drop, the collection maintained an average price of US$14,363 per NFT. Other notable movements in the NFT market included CryptoPunks and Mutant…

May’s approval of spot Ethereum ETFs by the United States Securities and Exchange Commission (SEC) was the chef’s kiss on what can only be described as a banner month for crypto policy—and the move could severely undermine the SEC’s ongoing crypto crackdown. As the deadline to approve the Ethereum ETFs loomed, a bipartisan group of House of Representatives members sent a letter to SEC Chair Gary Gensler urging the Commission to not only approve the funds, but to also consider approval of “other” digital asset ETFs in the future. And finally, the SEC finally went public late on that fateful…

Shiba Inu (SHIB), the industry’s second-largest meme coin by market capitalization, has reportedly raised the sum of $12 million through sales of $TREAT. Per the report, top venture capital firms like Animoca Brands, Polygon Ventures and DWF Ventures, among others, participated in the round. The goal of this funding is to develop the protocol’s layer-3 scaling solution as a Shibarium successor. The layer-3 blockchain will be built on Shibarium and ultimately leverage the security and robust liquidity status of the underlying Ethereum protocol. Directional growth tracks The Shiba Inu project started as meme coin, one that showcased the power of…

Sky Mavis has introduced today the Ronin Forge, an early access program designed to propel the development of Web3 games. Selected studios will receive a $50,000 grant and the opportunity to build on the Ronin blockchain, leveraging its technology infrastructure and gaming community. Ronin Forge is currently accepting applications, targeting teams with games nearing global launch. Successful participants may ascend to Studio Partner status, gaining additional support and funding up to $500,000. “Ronin Forge is the next step in further opening up Ronin for builders. By offering grants and access to the Sky Mavis ecosystem, this will serve as an…

The global head of banking and payments at Kraken Kaushik Sthankiya and the president of the CoinW exchange Sonia Shaw discuss the state of cryptocurrency exchanges at the Money20/20 event in Amsterdam. The FTX collapse in 2022 brought bearish sentiment to the crypto ecosystem and many traders and investors wondered if they could trust crypto exchanges. Shaw says that the industry is still recovering from the FTX collapse while trying to rebuild consumer confidence with regulatory support. “Everything is definitely coming back, but we haven’t really got back to the 2021 peak yet,” she added. “I mean we’re still at…

Robinhood’s cold storage address has emerged as the third-largest single Bitcoin wallet, boasting ownership of 0.69% of the total BTC supply. Public fintech broker Robinhood turned out to be the owner of the third largest single Bitcoin wallet, holding over $9.5 billion worth of the crypto, Coinbase director Conor Grogan said in an X post, citing data from Arkham Intelligence. All are estimates pulled together with @ArkhamIntel’s tags as well as a few of my ownRobinhood’s cold storage address is the 3rd largest single BTC wallet, owning .69% of all BTC ever made pic.twitter.com/NO5WC3z4AT — Conor (@jconorgrogan) April 7, 2024…

Decrypt’s Art, Fashion, and Entertainment Hub. Discover SCENE Cryptocurrency exchange OKX and the McLaren Formula 1 Team announced Thursday that they are launching a new “Race Rewind” digital collectible series, offering fans a unique way to commemorate each F1 grand prix this season and a chance to win exclusive McLaren prizes. Starting Friday at 10 am GMT, fans can mint the first free NFT commemorating the Canadian Grand Prix on the OKX Wallet. The NFT will be minted on OKX’s recently launched Ethereum layer-2 scaling network, X Layer. “We want to build community and bring new utility to crypto,” said…

Ethereum price extended its decline and tested the $3,700 support. ETH is now consolidating and eyeing a fresh increase above $3,840. Ethereum extended its decline and tested the $3,700 zone. The price is trading near $3,800 and the 100-hourly Simple Moving Average. There is a key bullish trend line forming with support near $3,760 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a fresh increase unless there is a close below the $3,700 support. Ethereum Price Holds Support Ethereum price struggled to start a fresh increase and declined below the $3,750 support zone, like…