Author: NBTC

Bullish, a regulated digital asset exchange, and Gold-i, a trading technology provider, have announced an integration of their platforms aimed at improving institutional cryptocurrency trading. The collaboration enables mutual clients to access Bullish’s liquidity and execution services for major cryptocurrencies through Gold-i’s MatrixNET platform, known for its aggregation and distribution capabilities. “Our shared goal of helping customers access tight spreads, deep liquidity, and low latency execution makes Bullish’s integration with Gold-i a natural fit,” commented Tom Farley, CEO of Bullish. Bullish, which launched in November 2021, reports over $640 billion in total trading volume to date and executes over $1.6…

Bitcoin has rebounded to stabilize at the $60,000 support level. This sparks discussions about its potential to hit $70,000 soon. The recovery follows historical trends and market dynamics. Is $60K the New Floor? Bullish Signs in Bitcoin Amid Market Variability Technical analyst Rekt Capital sees a slowdown in its sell-side momentum. The currency maintains strong at $60,000. Holding this level could lead to price increases. Bitcoin 1-Week Chart. Source: RektCapital Bitcoin’s recent exit from the Post-Halving “Danger Zone” supports a positive outlook. The currency has rebounded strongly from its low. On-chain analyst Axel Adler Jr. reviews on-chain data. It shows…

Are hamsters fighting now? Not exactly—but while Hamster Kombat’s title might be a little misleading, this Telegram-based clicker game has quickly become a dominant leader in the play-to-earn space by expanding upon Notcoin’s winning model. The Hamster Kombat team recently announced that they will conduct an airdrop on The Open Network (TON), rewarding players for racking up in-game coins by eventually dropping them real, tradeable crypto tokens. That’s sure to drive many more people towards the game, but as of this writing, new players can still dive in and rack up coins ahead of the airdrop. Here’s what you need…

The UK High Court has granted Peter McCormack a Worldwide Freezing Order (WFO) against Craig Wright. This decision, handed down by Mr. Justice Mellor, follows a series of legal battles between the two parties, primarily revolving around Wright’s defamation claim against McCormack. The WFO granted to McCormack is intended to prevent Wright from dissipating his assets to avoid paying the substantial legal costs McCormack incurred while defending against the defamation claim. The order covers a sum of £1.548 million, which includes costs already awarded to McCormack and additional expenses related to Wright’s fraudulent conduct during the defamation proceedings. The defamation…

The FTX customer repayment saga continues to unfold, with a recent update from crypto influencer MartyParty catching the attention of his 96.9K followers. FTX Creditors will receive $14b-$16b in cash in October through November and will buy back in. Bullish. @FTX_Official #FTX pic.twitter.com/cfBYLjykci — MartyParty (@martypartymusic) July 9, 2024 Earlier today, he revealed that FTX creditors are expected to receive a cash payout of $14 billion to $16 billion in October and November. While the platform plans to buy back the funds, MartyParty sees this as a positive sign for the crypto market, citing it as a “bullish” indicator. Since…

The financial world prefers quarterly reviews. But US spot bitcoin ETFs have been alive for one-third of a year, and now seems as good a time as any for a look back. The sample size captures bitcoin hitting a new all-time high and seeing some corrections since the Jan. 11 ETF launches. Oh yeah, and adding a fourth month captures the demand (or lack thereof) for bitcoin ETFs after per-block rewards for mining the asset were cut in half last month. One headline number: US spot bitcoin ETFs have notched net inflows of about $11.7 billion. Another noteworthy stat: Those…

Token unlock involves releasing tokens that were previously blocked under fundraising terms. Projects carefully schedule these releases to avoid market pressure and prevent a drop in token prices. However, factors like lack of liquidity or early investor profit-taking can significantly impact an asset’s dynamics. While next week lacks massive token unlocks, these three events are still worth keeping an eye on. Liquity (LQTY) Unlock date: June 5 Number of tokens unlocked: 657,350 LQTY Current circulating supply: 96,08 million LQTY Liquity is a decentralized borrowing protocol that allows users to take out loans against Ethereum with 0% interest. It operates through…

Key Points: Two former Northern Data executives accuse the company of financial misrepresentation and tax evasion. Northern Data allegedly faces severe financial instability and potential insolvency. Former Northern Data executives claim they were fired for exposing the company’s financial and tax issues. According to the Financial Times, two former Northern Data executives have accused German-listed cryptocurrency and AI infrastructure company of fraud. Former Northern Data Executives Accuse Bitcoin Mining Company of Fraud The Bitcoin mining company, backed by Tether, is facing allegations of financial misrepresentation and tax evasion. The claims were brought forward by Joshua Porter and Gulsen Kama, who…

DBS, the biggest bank in Singapore, has seen trading volume on its digital exchange skyrocket this year. The value of digital payment tokens traded on DBS Digital Exchange in the first five months of 2024 tripled over the same period in 2023, in Singapore dollar terms, according to a press release shared with Decrypt. The number of active trading clients on the exchange grew by over a third (36%), while digital assets held by the platform were up 80% over the same period last year. With professional investors “increasingly viewing digital assets as a legitimate part of their alternative portfolios,”…

Bracebridge Capital, a little-known hedge fund in Boston, has emerged as one of the largest holders of spot Bitcoin ETFs, holding hundreds of millions of dollars worth of the assets in total—including the largest individual tallies in the BlackRock and Ark Invest/21 Shares ETFs. “They went wild, basically,” wrote Bloomberg ETF Analyst Eric Balchunas in a post on Twitter (aka X), pointing to the firm’s $363 million in Bitcoin exposure across ETFs issued by BlackRock ($81 million), Grayscale ($20 million), and Ark Invest/21Shares ($262 million). Excluding market makers and so-called authorized participants, which play a key part maintaining accurate prices…