Author: NBTC

In an effort to improve user experience and streamline onboarding, Web3 wallet XDEFI has announced a rebranding to become Ctrl, a new non-custodial wallet. Millions of users will find it simpler to access web3 and start their on-chain journey with Ctrl. With this launch, XDEFI will introduce its next-generation Ctrl wallet and rebrand itself as Ctrl, which is pronounced Control. Over 90% of cryptocurrency users are not on-chain as of right now. With the goal of revolutionizing the user experience provided by non-custodial wallets, Ctrl gives cryptocurrency holders the ability to explore DeFi and web3 opportunities. XDEFI CEO Emile Dubié…

Former president Donald Trump planning to release a fourth NFT collection, according to a Bloomberg interview. Trump has pivoted to embracing the crypto industry, saying “if we don’t do it, China is going to pick it up.” Donald Trump plans to release a fourth NFT collection, according to a wide-ranging interview with the former president published in Bloomberg Businessweek on Tuesday. In the interview, Trump said his previous collections were “very successful” and sold out in a day: “The whole thing sold out: 45,000 of the cards. And I did it three times [and] I’m going to do another one,…

This afternoon, an unknown large entity transferred 12,000 ETH worth around $40 million to a major U.S.-based exchange, Kraken. According to on-chain data from Arkham Intelligence, the anonymous whale, as large investors are often referred to in the crypto space, previously deposited the same amount from address “0x370.” The latter is considered to be a sender address with links to many other addresses, including Kraken’s hot wallet. Now the whale has deposited this amount of Ethereum back into Kraken. Whether they are preparing to sell it or not is an open question. Such transfers are often seen as a bearish…

In an unexpected manner, Vitalik Buterin has criticized overextended investment practices, particularly investments in infrastructure that does not really need it. However, his line of thought could be a double-edged sword. According to Buterin’s viewpoint, a lot of investors are lured to high-risk high-reward situations (the casino) but attempt to rationalize their bets by funding infrastructure that indirectly gains from these speculative endeavors. Although this may be true for some market segments, it is important to think about the arguments’ wider implications. Vitalik’s perspective may be criticized for being a little limited. Infrastructure spending frequently results in more significant technological…

Since May 6, there have been four days when daily net outflows exceeded $45 million; This shows that a significant amount of funds are leaving the EigenLayer platform. This observation comes from The Block’s Data & Insights newsletter. A few weeks ago, we discussed how the reaction to EigenLayer’s EIGEN airdrop had led to an increase in the number of queued withdrawals on the platform. Despite some initial issues with the airdrop, such as VPN restrictions and tokens not initially transferring, the Eigen Foundation responded by expanding airdrop allocations and clarifying token unlock timing and future transferability, which helped alleviate…

FLOKI is now listed on Kraken, allowing purchases with EUR and USD, enhancing its market liquidity and reach. Kraken’s regulatory standards attract institutional investors and retail traders, boosting FLOKI’s legitimacy. Experts predict a potential surge in FLOKI’s price due to the increased visibility and accessibility from the Kraken listing. FLOKI has been listed by Kraken as a spot listing, marking an important step for the cryptocurrency. Users can purchase FLOKI using both crypto and fiat currencies on the exchange. This new listing makes FLOKI even more accessible by allowing users to buy it on Kraken with both EUR and USD.…

Michael Saylor left a cryptic message, most likely addressed to the German government, as their selling operations are placing enormous pressure on the market, practically destroying the momentum of Bitcoin and other assets. The translated message says, “Everyone gets Bitcoin at the price he deserves.” The recent operations of the German government’s Bitcoin wallet are relevant to the message’s background. The German government wallet receives Bitcoin for the first two days in a row at the end of business hours. According to some analysts, this is a buyback following a sale. In reality, though, these unsold Bitcoins are being returned…

A recent report reveals a significant forking in investor sentiment between Ethereum (ETH) and Bitcoin (BTC). Bybit, the world’s second-largest cryptocurrency exchange by trading volume, published its latest Crypto Derivatives Analytics Report in collaboration with BlockScholes. According to that report, market trends and trading signals across spot trading volume, futures, options, and perpetual contracts show a growing bullish sentiment toward ETH. Investors are optimistic about ETH because of the imminent launch of the first Ether Spot ETFs in the United States. This optimism is reflected in ETH’s sustained volatility premium over BTC even amidst the recent market activity and sell-off.…

Federal Reserve Chair Jerome Powell has recently delivered remarks that might have implications for crypto market. On Monday, Powell stated that the central bank will not wait until inflation reaches 2% before cutting interest rates. Powell, speaking at the Economic Club of Washington, D.C., cited the premise that central bank policy operates with “long and variable lags” to explain why the Fed would not wait for its target to be met. According to Powell, the Fed seeks “greater confidence” that inflation will return to 2%. Powell stated at the opening of his address that he did not aim to provide…

First Binance then OKX have clamped down on prime brokers who offer their clients lower fees. Some trading firms claim this is a step towards less efficient markets and a result of large exchanges looking to boost their volumes. As the world’s largest cryptocurrency exchanges crack down on brokerage firms that have bundled together clients to take advantage of lower trading fees, some market participants are warning the move could harm markets. Binance was the first to prevent prime brokers from leveraging its multitiered fee system to lower their own costs and offer rebates to clients, making changes to its…