Author: NBTC

Approximately 14 years ago today, Laszlo Hanyecz posted on bitcointalk.org, offering 10,000 bitcoins for “a couple of pizzas.” However, most people are not aware that it took him four days to finalize the transaction, which is now worth $670 million. The Famous Bitcoin for Pizza Offer That Took 4 Days to Complete In May 2010, bitcoin (BTC) was essentially valueless, with coins considered worthless or traded for very little value. On May 18, 2010, programmer Laszlo Hanyecz proposed trading 10,000 BTC for some pizzas. The offer, which took place 14 years ago today, is officially recognized as the first documented…

A number of exchange-traded funds (ETFs) that will track the spot price of Ethereum (ETH), which were previously greenlit in May, are expected to become tradeable in the first week of July. In a recent post on X, senior ETF analyst Eric Balchunas noted that spot Ethereum ETFs might go live as soon as July 2. In another report by Reuters, the US Securities and Exchange Commission (SEC) might give its approval by July 4. As the market awaits the launch of these new funds, there is an expectation that the leading altcoin would react the same way Bitcoin (BTC)…

Arthur Hayes, co-founder of BitMEX, has recently unstaked 1.55 million PENDLE tokens, valued at $9.41 million. Hayes’s actions usually coincide with significant price changes in PENDLE, hinting at possible profit-taking. This suggests that potential sales could influence the token’s market dynamics. How Arthur Hayes’s Actions Influence PENDLE Price Hayes’s transaction, detected by on-chain tracker Lookonchain an hour ago, immediately spiked discussions among the crypto community. According to the platform data, BitMEX co-founder currently holds 1.69 million PENDLE, worth approximately $10.26 million, with an average purchase price of $2.24 per token. Hayes’ unrealized profit stands at $6.46 million. The accompanying chart…

Jump Crypto has fallen from grace. Despite its best efforts to distance itself from Sam Bankman-Fried following the spectacular collapse of FTX, Jump had unfortunate ties to his fraudulent empire that the CFTC might now be investigating. As Michael Lewis documented in his book Going Infinite, Jump was one the largest market-makers on FTX and lost at least $300 million during its collapse. The firm, along with FTX Founder Sam Bankman-Fried, supported Solana and in the most expensive private bail-out in crypto history, funded Solana‘s then-largest interblockchain asset bridge, Wormhole. Fortune reported on June 20 that the US Commodity Futures…

Someone accidentally sent 90% of his Bitcoin holdings to Satoshi Nakamoto last night. While trying to sacrifice an ordinal for Pups ($PUPS), a dumb memecoin on the Bitcoin blockchain. He accidentally sent pretty close to his entire wallet balance, about $7000. This case proves how risky it is to deal with digital assets, and extra precautions should be taken before making any transactions. As an example, sacrificing ordinals is a normative part of several activities with cryptocurrencies – when people send particular tokens or amounts to a certain address. This incident has been reported by Arkham Intelligence. Someone accidentally sent…

Despite Ethereum’s recent lackluster performance, Glassnode Co-founders, under the name ‘Negentrophic’ on Elon Musk’s X social platform, assert that ETH’s potential has yet to be fully realized. Analyzing historical data and market patterns similar to those in early 2021, Negentrophic predicts that Ethereum could reach a high of $7,500, a forecast based on current market structures and technical indicators such as the 161.8 Fibonacci extension level. Diving Into The $7,500 Prediction Assessing the prediction from these experts, a Fibonacci extension level seen in 2021, which signaled a major rise for Ethereum, seems to have now emerged on the ETH chart,…

The Cardano founder claims there is a stark “gap between reality and opinion” regarding the project’s fundamentals. Additionally, he expressed disappointment with headlines such as “Will Cardano Die?” questioning the viability of the ecosystem. Charles HOSKINSON highlighted several important developments and upcoming events that demonstrate Cardano’s strong progress. He noted that the ecosystem is on the verge of “the most significant hard fork in the history of the project.” This marks a major upgrade in the network. He also noted the rapid growth of community-developed decentralized applications (DApps) and highlighted Cardano’s leading role in scaling research and development. Key technology…

Ripple’s California victory muddies the waters on whether or not XRP can be considered a security. District court judges are not required to agree with rulings made by their peers in other cases. Lawyers say the lack of legal certainty for XRP and other digital assets will likely continue until there is a ruling from a higher court or regulatory certainty granted by Congress. Ripple recently scored an unequivocal victory from a dollars-and-cents standpoint in a class action securities lawsuit, with the judge tossing out most of the case. But the judge also muddied the waters on a bigger issue,…

Popular on-chain analyst Willy Woo believes Bitcoin (BTC) is now in a position to kick start a fresh leg up after months of consolidation. Woo tells his 1.1 million followers on the social media platform X that he’s looking at Bitcoin’s spent output profit ratio (SOPR), which tracks whether coins are being sold at a profit or loss. According to Woo, the metric currently shows that BTC holders are done taking profits close to record highs, suggesting that sell pressure is losing momentum. “Profit-taking has completed, it took two months. A very healthy reset, against a backdrop of capital flows…

The SEC has taken an unexpected step in the ongoing approval process for the ETH ETF by returning S-1 forms to its issuers. The spot Ethereum ETFs which were estimated by experts like Eric Balchunas, the senior ETF analyst at Bloomberg, to launch next week have further been delayed by the US SEC as it has issued a few comments on the S-1 form submitted by spot Ethereum ETF issuers. SEC Sends Back S-1 Forms For Minor Changes The forms were sent back with a request for minor changes and issuers were asked to address the identified issues and resubmit…