Author: NBTC

Ether’s put-call open interest ratio rose to 0.61 Wednesday, Glassnode data show. The uptick signals a bullish outlook, Wintermute said. Ether’s (ETH) price rally has stalled since Monday. Still, a popular options market gauge continues to exhibit a bullish bias. The token’s price has pulled back to $3,730 from the two-month high of $3,973 reached Monday, CoinDesk data show. Prices were on a tear last week after the U.S. SEC moved closer to approving the highly-anticipated spot ether exchange-traded funds (ETFs). Ether’s put-call open interest ratio, which compares the number of active put or bearish contracts versus bullish or call…

The price of Dogwifhat (WIF), arguably the most prominent meme cryptocurrency on the Solana blockchain, surged by an impressive 30%, reaching a 12-day pinnacle at $3.56. This meteoric rise has propelled Dogwifhat’s market capitalization past the $3.5 billion mark, solidifying its position as a major player in the crypto sphere. The surge in value has not only elevated Dogwifhat to new heights but also catapulted it to 33rd place in the ranking of the largest cryptocurrencies by market capitalization. This puts Dogwifhat ahead of fundamental and infrastructure projects like Stellar (XLM) and Cosmos (ATOM), as well as CRO, the native…

AUSTIN, TEXAS — Robert F. Kennedy Jr. said his presidential election opponent Donald Trump’s guilty verdict Thursday may end up boosting Trump’s prospects in November. “My belief is that it will end up helping President Trump among a large part of the American public,” Kennedy said on stage at Consensus 2024 in Austin, Texas, hours after the news broke. Kennedy, breaking from his family’s Democratic Party roots, is running as an independent, facing off against Trump, the presumptive Republican nominee, and President Joe Biden. He said that his team’s internal research shows he’d beat either Trump or Biden in a…

The following is a guest post from Yaniv Baruch, COO at Playnance. The first quarter of 2024 reinvigorated investors’ sentiment in the crypto market. With the landmark litigation against the SEC ending, US investors have finally received access to spot Bitcoin ETFs. This opened the doors to Web3 for large institutional investors: the weekly net cash inflow to US-based ETFs has repeatedly overperformed the initial projections, triggering a bull rally to the all-time high price of Bitcoin. Despite the broader market’s optimism, investments in Web3 gaming remained cautious, with $288 million injected in the first quarter. Nevertheless, April brought the…

Bitcoin, the undisputed king of cryptocurrencies, is once again on a wild ride. After a surge over the weekend that brought it close to shattering its all-time high, the digital asset has dipped back below the crucial $70,000 mark in the last 24 hours. This sudden correction has left investors wondering if the predicted surge to $80,000 is still on the table. Source: Coingecko Related Reading: Polkadot Shines – Is Now The Time To Buy DOT Before $10? Bitcoin Erases Weekend Gains Just days ago, Bitcoin bulls were celebrating as the price climbed to near record highs exceeding $70,000. This…

Eric Balchunas, a senior Bloomberg ETF analyst, has predicted that the launch of spot Ethereum ETFs could occur by late June. The latest forecast follows BlackRock’s recent amendment to its Form S-1 filing for the iShares Ethereum Trust, submitted to the Securities and Exchange Commission (SEC) on May 29. This update came nearly a week after the SEC approved BlackRock’s 19b-4 filing, both essential steps for the ETF to commence trading. “Good sign. [Probably] see rest roll in soon,” Balchunas stated in a May 29 X post. Balchunas indicated that there might be another round to “fine tune” SEC comments,…

The crypto project “proof-of-personhood” known as Worldcoin (by Sam Altman) has recently taken significant steps to consolidate its position both on the international stage and in government relations, particularly with Malaysia. The CEO of Tools of Humanity and co-founder of Worldcoin, Alex Blania, together with Sam Altman, another co-founder known for his role in OpenAI, met with Malaysian leaders, including Prime Minister Anwar Ibrahim, in an attempt to strengthen ties with the government. Sam Altman and Worldcoin’s commitment to privacy and personal data Challenges and future perspectives Sam Altman and Worldcoin’s commitment to privacy and personal data This move follows…

Ripple CEO Brad Garlinghouse said there’s a massive shift in DC’s crypto perspective, and regulations could catalyze an inevitable stablecoin market boom. Speaking at Consensus 2024, Garlinghouse stressed crypto’s impact on the upcoming elections to decide the next U.S. President. Per the Ripple CEO, bipartisan candidates are changing tunes about the industry as digital asset ETFs have made a splash on Wall Street and adoption sweeps the nation. Republican nominee Donald Trump said his regime would support crypto innovation. However, his candidacy remains contentious after he was found guilty today of 34 counts of document forgery. BREAKING: Donald Trump found…

Bitcoin miners have been running down inventory in a rising market, moving away from the accumulation strategy seen ahead of the previous halving in May 2020. The shift likely stems from miners selling into the rising market to upgrade equipment and ensure sustainability after the impending halving of rewards on April 20, according to Wintermute. Bitcoin miners are depleting their coin stashes, possibly to ensure the sustainability of operations in the face of the impending halving of per-block rewards from April 20. The number of bitcoin held by miners, which receive the coins in return for validating transactions in the…

In recent developments within the Ethereum (ETH) ecosystem, crypto analyst Ali Martinez has highlighted a notable increase in the number of Ethereum addresses holding 10,000 or more ETH. Martinez noted that this indicates a shift from distribution to accumulation. This observation shows a significant change in sentiment among large ETH holders. The latest surge in accumulation coincides with Ethereum’s recent price surge, which has been bolstered by the approval of Ethereum spot ETF applications. At the time of reporting, ETH is trading at $3,742, marking a remarkable 24.21% increase in the last 24 hours. While the price is down 2%…