Author: NBTC

Over the last 24 hours, UNI, the native token of the Uniswap DEX, suffered a significant decline amid the Bitcoin-led crypto market rally. During yesterday’s brief surge, UNI reached a daily high of $11.26. However, UNI dropped to $10.63 earlier today, losing approximately 6% of its value. Lookonchain, the crypto analytics firm, suggests that large-scale whale activity may have influenced Uniswap’s price crash. Lookonchain revealed that a major UNI investor sold 606,088 tokens, realizing a profit of $7.08 million. According to the firm, this substantial sale triggered UNI’s price drop earlier today. In the past 2 hours, this whale sold…

Cassie Craddock, managing director for the U.K. and Europe at San Francisco-based enterprise crypto company, stated that the U.S. continues to be “a big challenge” for the company during a recent interview. It is worth noting that Ripple is still engaged in a bitter long-lasting legal battle with the U.S. Securities and Exchange Commission. Brad Garlinghouse, the company’s chief executive, has repeatedly bemoaned the regulatory uncertainty in the U.S., as well as the hostility of the SEC toward the industry. Excitement surrounding MiCA At the same time, Craddock says that Ripple is “really excited” about the Markets in Crypto-Asset Regulation…

Presidents like Bukele and Milei demonstrate how pro-bitcoin policies can effectively improve economies. Venezuela could become a Bitcoin mining hub under a new government according to Di Bartolomeo. Mauricio Di Bartolomeo, co-founder of Ledn, emphasizes the growing impact of cryptocurrencies on upcoming elections in Latin America. He underscored citizens’ preference for candidates endorsing Bitcoin as a robust financial alternative. Presidents like Bukele in El Salvador and Milei in Argentina have shown that pro-bitcoin policies can be popular and effective in improving economic conditions. Di Bartolomeo anticipates that the next electoral cycle in the region will be heavily influenced by the…

It has been 29 days since the halving and the launch of the Runes protocol, and since May 1, Runes activity has been underwhelming, falling short of the expectations set months prior. Similarly, the trend of Ordinals inscriptions has significantly declined over the past month. Runes Protocol’s Initial Excitement Dwindles Amid Decreased Activity Before the halving, the Runes protocol generated a lot of excitement, with many anticipating it would be the next major development. When the halving occurred at block height 840,000, it seemed Runes would significantly impact the network as fees soared to over $240 per transfer. However, the…

Ethereum price has held relatively well in the past few days as the odds of spot ETF approvals rose. ETH token was trading at $3,455 on Friday, a few points above this week’s low of $3,233. It remains in a correction zone after falling by 13% from its highest point this month. The main catalyst for Ethereum is the anticipated spot Ethereum ETF approval by the Securities and Exchange Commission (SEC). As we reported on Thursday, there is a rising possibility that spot Ethereum ETFs will start trading soon. The rising anticipation happened after VanEck filed form 8-A, which is…

Dog-themed cryptocurrency Shiba Inu (SHIB)’s community is seeing a surge in burn rate, which has skyrocketed by an astounding 3,894%. This significant increase has led to millions of SHIB tokens being permanently removed from circulation. Token burning is a process where a certain amount of cryptocurrency is burned to reduce its overall supply. This is typically done by sending the tokens to a “burn” address, a wallet from which they can never be retrieved. The primary goal of burning tokens is to create scarcity, which can potentially increase the value of the remaining tokens. In the last 24 hours, Shiba…

In a landmark decision on June 28, 2024, the Supreme Court of the United States, by a 6-3 vote, overruled the longstanding Chevron doctrine, fundamentally reshaping the landscape of administrative law and judicial review. The case,Loper Bright Enterprises v. Raimondo, signals a significant shift in the balance of power between the judiciary and administrative agencies. This decision not only reinforces judicial independence but also presents substantial benefits for the Bitcoin industry, echoing the implications of last year’s West Virginia v. EPA decision. The Case The Chevron doctrine, established in Chevron U.S.A., Inc. v. Natural Resources Defense Council, Inc., 467 U.S.…

The Bitcoin (BTC) price has reached the critical golden ratio resistance at around $67,500. BTC has been up roughly 10% in the last four days. However, Bitcoin is now encountering significant resistance. Will this lead to a bearish rejection for BTC? Will Bitcoin’s Current Price Return to the Upward Trend? Bitcoin’s price has risen over 10% in the last four days, forming a bullish price pattern. This is due to Bitcoin creating an inverse head-and-shoulders pattern, from which the BTC price has already broken out bullishly. The golden ratio near $67,500 coincides with BTC’s crucial Fibonacci resistance. A bullish break…

Crypto trader Duncan has explained why he is “extremely long” on Ethereum (ETH) despite the crypto token’s recent drop to around $3,400. He emphasized the Spot Ethereum ETFs, which he believes could spark a significant rally for ETH. A ‘Significant Upside Repricing’ Could Be On The Horizon ForTHEEthereum Duncan mentioned in an X (formerly Twitter) post that he believes that the market is way too bearish at the moment and that there could be a “significant upside repricing” for Ethereum if the Spot Ethereum ETF inflows are “anything but horrible.” He further explained why he thinks the Spot Ethereum ETFs…

The Securities and Exchange Commission filed a suit against Consensys Software on Friday. The SEC is alleging that the company failed to register as a broker as well as offering and selling unregistered securities. Specifically, the SEC targeted MetaMask Swaps. The regulator alleges that Consensys “holds itself out as a place to buy and sell crypto assets (which include crypto asset securities), recommends trades with — as Consensys itself puts it — the ‘best’ value, accepts investor orders, routes investor orders, handles customers assets, carries out trading parameters and instructions on the customer’s behalf, and receives transaction-based compensation.” “By its…