Author: NBTC

Zeta Markets, a leading Solana-based decentralized exchange (DEX) specializing in onchain perpetuals, has announced the launch of ZX (Zeta X), a cutting-edge Layer 2 solution set to revolutionize derivatives trading on Solana. Anticipated for an early 2025 mainnet release, ZX promises to enhance performance, scalability, and user experience across the platform. ZX represents an optimistic rollup built on the Solana blockchain, leveraging zero-knowledge (zk) proofs for trustless on-chain settlement. This innovative approach combines Solana’s Layer 1 capabilities for data availability and settlement with an off-chain matching engine. The result is a platform that rivals centralized exchanges in performance, while maintaining…

Bitcoin approaches another critical milestone — its scheduled halving event. It is a programmed reduction in the rewards miners receive for verifying transactions. The halving is a pivotal event that has historically influenced Bitcoin’s value and the broader cryptocurrency market. Increasing Scarcity Meets Growing Demand The halving occurs approximately every four years and is part of Bitcoin’s unique monetary policy. It mimics the scarcity and value preservation of precious metals like gold. “Over the past various cycles, we’ve seen more and more demand for Bitcoin, in contrast to the supply staying the same. So, if you look at it from…

The Fantasy Top collection surged to the top of CryptoSlam’s daily non-fungible token (NFT) sales chart on Wednesday posting more than US$1 million for the first time this week. The leading Blast collection had a total of 7,467 transactions conducted by 2,246 unique buyers and 2,749 sellers. However, the Ethereum blockchain outperformed other platforms on the same day, with sales reaching US$6.25 million, a 22.3% drop from the previous day’s US$8.15 million. Returning to the NFT rankings, Bitcoin’s NodeMonkes collection claimed the second position with sales of US$908,671, rising from the previous day’s US$571,992. NodeMonkes currently sits at the 26th…

The ongoing debate over Ethereum’s classification in the United States is garnering significant attention at the moment due to actions by the SEC and a possible ETF approval. The distinction between commodities and securities holds substantial implications for the regulation and future of crypto. If Ethereum were officially recognized as a commodity, the crypto landscape could witness transformative shifts in regulatory oversight, market participation, and investment vehicles. Commodity vs security definitions In the US, a commodity is generally defined as a basic good used in commerce that is interchangeable with other goods of the same type. This category includes items…

In a recent development that has stirred the XRP community, over $21 million worth of XRP has been transferred to popular crypto exchange Binance. The two transactions, which were flagged by the crypto tracking service Whale Alert, have sparked speculation regarding the intentions behind the sizable movement of funds. According to Whale Alert’s tweets, the first transaction involved the transfer of 21.37 million XRP, equivalent to approximately $10.9 million at the time of the transfer, from an unknown wallet to Binance. Shortly after, another significant transfer was reported, with 21.34 million XRP, valued at around $10.9 million, moved to Binance…

Gala Music is thrilled to introduce the Future Box! This exclusive offering features music from VOXverse rising stars FutureBoy and Gala Girl, promising an immersive and gamified music discovery experience for fans and VOXverse members alike.—For just $4.99, the Future Box unlocks a treasure trove of rewards:Explore a Multiverse of Exclusive Rewards: Delve into rare in-game VOXverse experiences, snag limited-edition Gala Music merch (including a shot at a coveted varsity jacket!), and enjoy sneak peeks at upcoming artists and features on Gala Music.Fuel the Next Music Revolution: Support rising stars FutureBoy and Gala Girl with $MUSIC tokens, Gala Music’s utility…

According to analysts at Bitfinex, Bitcoin and its recent activity on exchanges reflects a pattern reminiscent of December 2020, hinting at a possible growth phase. The exchange’s latest report highlights a significant decline in the supply of Bitcoin held by long-term investors on centralized exchanges, reaching its lowest levels in 18 months. This trend, coupled with the forthcoming halving event, suggests a scenario conducive to further price appreciation, as stated by the analysts. Potential Growth On The Horizon The Bitfinex Alpha report underscores the diminishing inactive supply of Bitcoin, particularly those assets stagnant for over a year. This reduction implies…

Is political pressure playing a role in the SEC’s consideration of spot Ether ETFs, and what implications does this have for the crypto community? Table of Contents What is happening, and what are the odds? Could Ethereum ETFs put up a fight for BTC ETFs? What to expect next? Ethereum (ETH) has been on a bullish run, trading around $3,760 as of May 22, marking a 28% increase over the past week. This surge is driven by speculation that the U.S. Securities and Exchange Commission (SEC) may approve the first spot Ether exchange-traded funds (ETFs) this week. In a surprising…

Jito, a liquid staking pool on the Solana blockchain, has recently announced a significant milestone. Its total value locked (TVL) has exceeded 10 million Solana (SOL). With Solana’s current price of $132.11, the number equals a staggering $1.32 billion. This development strengthens Jito’s position in the Solana ecosystem. It also indicates a growing interest in the protocol. Jito’s Restaking Venture Historically, Jito reached a higher TVL in fiat—approximately $1.86 billion—on April 1. However, it’s critical to recognize that these figures are subject to the fluctuating nature of cryptocurrency values. Should Solana revisit its peak of $208 witnessed earlier this year,…

The cryptocurrency market has undergone a substantial downturn, with many of the top 100 cryptocurrencies experiencing sharp price drops. Bitcoin, the leading digital asset, hit a low of $61,600 on Tuesday. However, industry experts suggest a potential rebound to higher highs may be on the horizon as the highly anticipated Halving event draws near. Adrian Zduńczyk, a crypto trader and technical analyst, provides valuable insights into the market dynamics, highlighting key factors such as bull market indicators, ETFs, and the imminent Halving event. Mixed Signals For BTC According to Zduńczyk’s analysis, the market exhibits bullish signs, with the 200-week and…