Author: NBTC

Following the SEC’s approval of Spot Ether ETFs, the market has witnessed substantial Ethereum transactions to crypto wallets. This trend has garnered significant attention, with prominent on-chain analyst Ali Charts suggesting it could be a “sell the news” event. Simultaneously, market participants are speculating on the possibility of profit-taking, portfolio adjustments, or general market speculation. Notably, Jeffrey Wilke, co-founder of Ethereum, transferred 10,000 ETH, worth approximately $37.38 million, to the Kraken exchange. Wilke’s transfer is part of a broader trend of trading activities that could influence ETH’s price dynamics, with over 242,000 ETH transfers occurring in the past seven days.…

San Francisco — GaiaNet, a trailblazing AI infrastructure project, has secured $10 million in Series Seed funding to develop a decentralized network for open-source large language models (LLMs) and AI agents. This bold move challenges the dominance of centralized AI giants by redefining data access, utilization, and security.—The funding round attracted notable investors, including Generative Ventures’ Lex Sokolin, Republic Capital’s Brian Johnson, 7RIDGE’s Shawn Ng, Kishore Bhatia, EVM Capital, Mirana Ventures, Mantle EcoFund, and ByteTrade Lab.Decentralized AI for Diverse ApplicationsGaiaNet’s infrastructure leverages a distributed network of edge nodes, controlled by individuals and businesses, to host AI models. Each node functions…

Prominent Cardano enthusiasts are abuzz with anticipation over the impending Chang hard fork, scheduled for the second quarter of 2024. Positioned as a game-changing moment in Cardano’s journey toward decentralized governance, this milestone event marks the inception of minimum-viable community-run governance in the blockchain ecosystem. Central to the Chang hard fork is its role in initiating the bootstrapping process for Cardano’s governance throughout 2024, comprising three main stages. The first stage involves the introduction of delegate representatives (DReps), who will serve as elected representatives entrusted with the task of advocating for the interests of the Cardano community. This novel approach…

Ethereum dropped 4% immediately following the historic U.S. approval of spot Ethereum exchange traded funds (ETFs) yesterday. Many believed that the passing of spot ETFs in the U.S. would be a bullish event for the second largest crypto currency in the world. And it still might be. But in the hours that followed the approval by the U.S. Securities and Exchange Commission (SEC), Ethereum’s price barely budged—moving up just 1%. At the time of the approval, Ethereum was sitting at $3,840 but is now down 3.6% to $3,701, according to CoinGecko. This drop is even more pronounced over the past…

21Shares, recognized as the largest issuer of crypto exchange-traded products (ETPs) globally, has made a significant move into the UK financial market. Today, the company unveiled the listing of four new physically backed crypto-asset exchange traded notes (ETNs) on the London Stock Exchange, specifically tailored for professional investors. This strategic expansion not only broadens 21Shares’ geographical footprint but also introduces its pioneering investment products to one of the world’s most prominent financial hubs. This introduction of ETNs in the UK by 21Shares comes at a time when the Financial Conduct Authority (FCA) has updated its regulatory framework to allow professional…

Shiba Inu (SHIB) has been in bullish recovery mode for more than 24 hours. Surprisingly, the token’s whales have shifted as much as 1.5 trillion SHIB in the past 24 hours in hopes of sustaining a generally boosted uptick. At the time of writing, SHIB was changing hands for $0.00002544, up by 2.56% per data from CoinMarketCap. The meme coin project is now looking at making a reentry into the top 10 coins by market capitalization if it could sustain its growth pace. With the current data, the market capitalization is up by more than 2% to $14,943,256,400, placing it…

KuCoin has partnered with the multinational law firm A&O Shearman to handle ongoing lawsuits from the U.S. Department of Justice (DOJ) and the Commodity Futures Trading Commission (CFTC). The company has also engaged in multiple communication rounds with the agencies. Also Read: Binance and KuCoin Resume Crypto Services in India CEO Johnny Lyu has expressed optimism about the outcome of these meetings. According to blockchain reporter Colin Wu, Lyu has said that KuCoin is making huge efforts to improve its operations, focusing on security and compliance. CFTC Accuses KuCoin of Illegal Commodity Transactions In March, the CFTC filed a lawsuit…

Square Enix, the video game giant behind the Final Fantasy and Kingdom Hearts franchises, is adopting another Ethereum scaling network for its Symbiogenesis blockchain game. The publisher announced early Thursday that its next NFT character mint for the story-driven game will take place on Ethereum layer-2 network Arbitrum, shifting gears after the first wave of characters was minted on the Ethereum mainnet. “For Chapter 2, we’ve adopted Arbitrum, reducing the gas fees to about 1/1000 of the previous cost (around 1.3 yen per bid),” the official Symbiogenesis account tweeted. While the earlier character NFTs were minted on Ethereum, all other…

Just weeks after the U.S. Securities and Exchange Commission (SEC) approved spot Bitcoin exchange-traded funds (ETFs), Bitcoin soared to new highs and institutions poured over $12 billion into the cryptocurrency. But Ethereum investors may not see the same enthusiasm for their own ETFs. Analyst Predicts Ethereum ETFs Will Fail Despite SEC Approval Noelle Acheson, former head of market insights at Genesis Global Trading, suggests that several indicators point to a significant decline in institutional interest in Ethereum compared to Bitcoin. Bloomberg Intelligence ETF analyst Eric Balchunas echoes this sentiment, predicting that Ethereum ETFs will only collect 10-15% of the assets…

GameStop stock (GME) is surging once again—but Roaring Kitty is still missing in action. Coming in hot after the holiday weekend, GME surged well over 30% Tuesday on news that the video game retailer netted nearly $1 billion from a strategically timed sale of its own stock, during its unexpected rally earlier this month. That rally—during which GME nearly quadrupled in value—was spurred by the apparent online return of Keith Gill, aka Roaring Kitty, a meme stock influencer who inspired a brigade of retail investors to short squeeze GME in 2021. Earlier this month, Gill’s Twitter account suddenly began cryptically…