Author: NBTC

Analysts at crypto trading firm QCP Capital say the unexpected approval of spot Ethereum ETFs could propel ETH price to $5,000 “later in the year.” The price of Ethereum‘s ETH native cryptocurrency might target the $4,000 mark as a “natural short-term target” should the U.S. Securities and Exchange Commission (SEC) approve spot Ethereum exchange-traded funds (ETFs). Ethereum price in USD | Source: TradingView In an analytical update on May 21, analysts at the Singapore-based trading firm stated that the second-largest cryptocurrency by market value could eventually hit $5,000 later this year if the SEC surprises the market with its approval.…

A Solana-based meme coin named BONKKILLER has achieved a staggering market capitalization of $327 trillion. Launched on April 29, this meme coin drew attention by surpassing every nation’s combined GDP. However, BONKKILLER is a honeypot scam. BONKKILLER Holders Cannot Sell the Meme Coin Despite only having over 1,143 holders, the coin saw about $4.24 million in trading volume within 24 hours. According to the crypto analytics platform Birdeye, more than 90% of the tokens are controlled by the creator. Furthermore, a “freeze authority” feature prevents holders from selling their assets, effectively trapping their investments. BONKKILLER’s purported market capitalization is an…

Since the start of 2024, India has witnessed an influx of demand for cryptocurrencies, with exchanges recording notable surges in trading volumes. Indias are warming up to the emerging digital asset sector despite the lack of proper regulations and a hefty tax on crypto gains. As anticipation builds for Bitcoin’s next halving in April 2024, the cryptocurrency community, especially in India, seem to be observing the potential impacts on market dynamics and investor behaviour. According to Edul Patel, CEO & Co-founder of Mudrex, data suggest a complex interplay of market forces post-halving. “In the past, Bitcoin’s price typically surged after…

According to Reuters, the US Securities and Exchange Commission (SEC) requested corrections to the Spot Ethereum ETF filings from NASDAQ and CBOE on Monday. Reuters claimed that sources said the SEC may be ready to approve ETH ETFs. US SEC Request Signals Regulator May Be Poised to Approve Filings – Sources Source: Reuters Crypto — db (@tier10k) May 21, 2024 The SEC asked Nasdaq and CBOE on Monday to correct applications for spot ETH ETFs, signaling it may be ready to approve the applications, three people familiar with the process told Reuters. The SEC must decide whether to approve applications…

Sui blockchain (SUI) and Google Cloud announced a collaboration to support Web3 innovation. Sui (SUI), the Layer 1 blockchain and smart contract platform launched by Mysten Labs, has partnered with Google Cloud to advance Web3 innovation, Chainwire reports. In the statement, it was stated that the partnership will focus on improving security, scalability, developer tools and user experiences in various Web3 and AI-supported applications. “Partnering with Google Cloud helps us advance the development of secure, scalable and user-centric Web3 experiences. Google Cloud’s infrastructure and cutting-edge AI capabilities leverage the unique technological power of Sui,” said Evan Cheng, CEO and co-founder…

Bitcoin’s recent price crash has been notably influenced by futures contract liquidations, according to the “Bitfinex Alpha” report. Over the past month, Bitcoin (BTC) has oscillated between $71,300 and $63,500, with a significant crash on April 12 leading to over $1.8 billion in liquidations amid geopolitical tensions. According to Bitfinex’s analysts, these market movements are not isolated incidents, as similar patterns have been observed previously, where dips below the range low were met with a swift recovery. Yet, this time, the market’s response may be more subdued, as indicated by current spot flows into Bitcoin. Sapphire The concept of “time…

As the price of ether increases, the cost of running a full solo staking node — with 32 ETH now worth $115,000 — moves further out of reach for all but the most hard core hobbyists. One of the social goals that Oisin Kyne and Collin Myers, founders of Obol Network, care about most is enabling people that don’t have that kind of capital to participate in Ethereum consensus. The pair looks forward to the day when the number of entities and locations validating the network will rise tenfold from its current crop of single-digit thousands of operators. That includes…

Shiba Inu community administrator Ragnar has called the attention of SHIB enthusiasts to how ecosystem tokens will work together amid the imminent launch of a new privacy layer-3 (L3) blockchain. In a recent post on X, Ragnar alerted community members to a post that explains the collaborative utility of ecosystem tokens, including the upcoming TREAT. The post was prepared by “Buzz,” the founder of K9 Finance DAO, a partner of Shibarium. I recommend everyone who has questions about how SHIB ecosystem tokens will work together with K9Finance. Here you have a nice explanation, even one about how Treat will work…

Founder and former CEO of MicroStrategy giant, who now heads its BTC investment strategy, Michael Saylor, has taken to his account on Twitter/X to make the crypto community face his new Bitcoin-dedicated post. Bitcoin community reacts to Saylor’s post Michael Saylor’s tweet once again contained one short line and an image generated by an AI-powered app. “What has been seen cannot be unseen. #Bitcoin,” he tweeted. The image shows an eye on the face of an android drawn in cyberpunk style with a BTC sign on that eye. What has been seen cannot be unseen. #Bitcoin pic.twitter.com/M4cdPUIW9A — Michael Saylor⚡️…

Ethereum’s (ETH) dramatic rally to the $3,700 price zone has put a substantial portion of the cryptocurrency’s holders in profit, boosting their investment returns significantly. According to a tweet by IntoTheBlock, 90% of market participants holding ETH are currently in profit, while the remaining 10% are at the money. No ETH holder is at a loss, at the time of writing. 90% of ETH Holders in Profit Monday was an eventful trading day for ETH as the asset rallied 10% in 25 minutes, surging past $3,150 to $3,450. At press time, the crypto asset had risen to $3,790, indicating a…