Author: NBTC

Ethereum price remained in a bearish zone below $3,250 zone. ETH dived below the $3,000 support and even tested the $2,850 zone. Ethereum started a fresh decline below the $3,120 and $3,000 levels. The price is trading below $3,000 and the 100-hourly Simple Moving Average. There is a key bearish trend line forming with resistance near $3,000 on the hourly chart of ETH/USD (data feed via Kraken). The pair could correct losses, but upsides might be limited above the $3,120 zone. Ethereum Price Dives 8% Ethereum price failed to start a recovery wave above the $3,150 and $3,200 resistance levels.…

Binance shuffles over 77 million XRP in two transactions over the past 24 hours. Prominent crypto data tracker Whale Alert indexed these transactions in two different X posts today. According to Whale Alert, over 77 million XRP coins were withdrawn from Binance in the early hours of today. Details of the Transactions Data from Whale Alerts shows that the funds were withdrawn in two transactions. The first transaction occurred today at exactly 03:20 (UTC). Per Whale Alert’s data, a Binance user withdrew 50,756,791 (50.75 million) XRP, worth $26.2 million, to an untagged address, “rhWj9g…FLQkK.” 🚨 🚨 50,756,791 #XRP (26,209,981 USD)…

The Celo Foundation is thrilled to announce the successful launch of the Dango Layer-2 testnet, marking a significant milestone in cLabs’ efforts to integrate Celo’s blockchain with Ethereum. The launch invites developers to start testing the updated code on this new fork of the Alfajores testnet. 📣 Breaking #CEL2 News: the Dango Layer 2 testnet is now live! 🍡Ahead of EthCC 2024, @cLabs successfully launched the fork of Alfajores testnet, inviting developers to start testing the updated code🧵 Keep reading for the key benefits & details! ↓ pic.twitter.com/QJgg2RN33y — Celo 🦇 🌳 (@Celo) July 7, 2024 Dango Layer-2: A New…

A new evaluation came from 10X research founder Markus Thielen, who came to the fore with his successful prediction of the declines and rises in Bitcoin in the past months. At this point, evaluating the impact of this week’s PPI and CPI data on the BTC price, Thielen stated that these data will affect the BTC price. Thielen said that investors expect there to be a significant movement and fluctuation in the Bitcoin price by the end of the week. Stating that investors expect a +/-6% movement in the Bitcoin price this week due to the impact of PPI and…

Hong Kong-based crypto exchange HashKey has announced the launch timeframe for its own Ethereum layer-2 solution called HashKey Chain. Hong Kong’s largest licensed crypto exchange operator, HashKey Group, has announced the launch period for its Ethereum layer-2 solution dubbed HashKey Chain. In an X post on Jul. 8, the X account behind the project revealed that the network’s mainnet is scheduled to be launched in Q4, without providing a specific launch date. Coming soon！ pic.twitter.com/BPHNAvZmgP — HashKey Chain (@HashKeyChain) July 8, 2024 You might also like: Hong Kong’s HashKey Group becomes unicorn with $100m funding The HashKey Chain network will…

Bitcoin embodies decentralization, security, and self-sovereignty. But today, financial transactions with Bitcoin require the use of custodians or bridges – a reliance on intermediaries that has led to disastrous losses numbering in the billions of dollars. Discreet Log Contracts (DLCs) are poised to change that by allowing users in the space, for the first time, to deliver on the core ideals of building on Bitcoin. The following opinion editorial was written by Aki Balogh, Co-founder and CEO of DLC.Link. Discreet Log Contracts Originally proposed in 2018 by Tadge Dryja, the co-inventor of the Lightning Network, DLCs enable new decentralized financial…

Trader Joe (JOE), a decentralized trading platform on the Avalanche network, delivers an extensive suite of financial tools, integrating decentralized exchange (DEX) services with decentralized finance (DeFi) loans. This project, centered on community engagement, aims to sustain its competitive advantage in the DeFi sector by leveraging the JOE token for governance and rewards. With innovative features and a phased development strategy, Trader Joe is designed to enhance user experience and lead in DeFi solutions with functionalities such as limit orders and Zap. Contents hide 1 What is Trader Joe (JOE)? 2 What Makes JOE Significant? 3 Concrete Insights for Users…

Bloomberg ETF analyst James Seyffart said he and his colleagues believe spot Ethereum ETFs could launch around July 15 as the application process settles. Seyffart posted the prediction on social media on July 3 but said he has “low confidence in those launch date predictions at this point.” The prediction is related to Bitwise’s amendment to its spot Ethereum ETF application on July 3. Seyffart noted that the only significant change was adding a six-month fee waiver for the first $500 million in assets. Seyffart said: “These changes were very minimal and [I don’t know] why the ETFs wouldn’t be…

The firm will tokenize the real estate assets in several tranches. Investors will earn yields through stablecoins and OM tokens. Mantra Chain will tokenize $500 million worth of assets of Dubai-based real estate developer MAG Group, the firms said in a press release shared with CoinDesk. Mantra, which is focused on the Middle East, will tokenize the assets in multiple tranches. The first tranche will include a residential project, Keturah Reserve, which is being built by MAG in Meydan, Dubai. The tranche will also package a $75 million mega-mansion at ‘The Ritz-Carlton Residences, Dubai, Creekside’ development. Investors will earn yield…

SingularityNET has officially announced the final dates for the merger of the Alliance of Artificial Superintelligence (ASI) tokens with its native AGIX token. This marks a significant step towards bringing together the fetch.ai (FET), AGIX and Ocean Protocol (OCEAN) communities. The merger to unite into one decentralized artificial intelligence (AI) network will begin on June 11 and end on June 13, and the FET token will be renamed ASI. For holders of FET, AGIX and OCEAN tokens, the merger will include the conversion of these tokens into ASI tokens at certain conversion rates. FET tokens will be converted to ASI…