Author: NBTC

Former SEC official Kristina Littman speculates that the SEC might not appeal the Ripple ruling to potentially avoid setting an unfavorable law at the Second Circuit. The SEC’s legal tussle with Ripple is edging close to a potential resolution as the crypto community awaits the court’s final verdict. Consequently, many industry experts, including Ripple CEO Brad Garlinghouse, projected that the court could issue the final decision before the end of Summer 2024. Nonetheless, the major question remains whether the SEC would appeal the initial ruling, which gave Ripple a partial victory in July 2023, after the upcoming final verdict. SEC…

Arkham Intelligence, a prominent crypto analytics forum, has announced a new collaboration. As per the company, it is partnering with Mantle Network (an L2 tech stack to scale Ethereum) to provide support for its Ethereum L2. The platform disclosed this development on its official account on the social media platform X. Announcing Arkham x Mantle!We’re teaming up with @0xMantle to add support for their Ethereum L2 on our platform.Excited to be working with @gametheorizing, @Defi_Maestro, @0xGabe_, and the rest of the Mantle Team to bring our data and tooling to their ecosystem.Stay tuned… pic.twitter.com/26xOEv0CR9 — Arkham (@ArkhamIntel) June 19, 2024…

Samson Mow, a Bitcoin permabull and CEO at a Bitcoin adoption-focused company Jan3, has published an ultra bullish BTC tweet, predicting a BTC Omega candle taking place soon. Mow is a believer, among many other Bitcoiners, that the world’s flagship cryptocurrency will eventually skyrocket to the $1 million level and in his view this remarkable growth will happen thanks to “Omega candles”. In one of his tweets this year, Mow identified them as tremendous green candles on Bitcoin charts that may be accompanied with large volatility curves. The Jan3 boss tweeted “it’s time”, accompanying his tweet with an animated GIF.…

Main Takeaways Binance and Brazilian Football Confederation (CBF) launch the first Binance Free Pass for the main football league in Brazil. Binance users residing in Brazil who hold the Brasileirão Betano 2024 NFT (non-fungible token) will have a chance to get a Binance Free Pass that grants them access to any match of the season for free, which they can attend with a companion. The initiative will draw 4 Free Passes which will allow their holders to choose, up to 7 days in advance, one match per round with the home supporters anywhere in the country, without restrictions of clubs…

Grayscale, the world’s biggest digital asset manager, is currently grappling with the limitations of its Ethereum Trust (ETHE) in the era of Ethereum staking. Grayscale recently updated its ETHE disclosures, adding: “The current inability of the Trust to use its Ether in Staking and receive such rewards could place the Shares at a comparative disadvantage relative to an investment in Ether directly or through a vehicle that is not subject to such a prohibition, which could negatively affect the value of the Shares.” This addition comes on the heels of Ethereum’s successful Shanghai upgrade in April, which enabled stakers to…

USDT 24-hour transaction volume on the Tron Network hit $53 billion, surpassing Visa’s average daily volume of $42 billion. Visa’s first quarter 2024 trading volume was $3.78 trillion, highlighting the competition between traditional finance and digital currencies. USDT’s surge is driven by investors seeking stability amid Bitcoin’s price decline, emphasizing the resilience of stablecoins in volatile markets. Tether’s USDT has surpassed Visa in daily transaction volume, signaling a significant change in the financial landscape. The recent drop in Bitcoin prices is primarily responsible for the spike in USDT transactions on the Tron network. The 24-hour trading volume of $USDT on…

Mainnet v1.18.15 enhances scalability, stability, and performance for Solana’s blockchain. Significant improvements tackle network congestion, ensuring smoother transactions and operations. Enhanced security, metrics, and optimizations elevate Solana’s blockchain infrastructure to new heights. Amidst the meme coin craze and huge demand for platforms on Solana-based blockchains, the Solana team is preparing another major mainnet upgrade to strengthen the Solana blockchain. According to a post by Solana Status on June 10, 2024, the team has recommended the release of v1.18.15 for the mainnet upgrade. This upgrade is planned to resolve major congestion issues on the network mainly caused by the launch of…

Injective, an interoperable Layer-1 blockchain for decentralized finance (DeFi) applications, is eyeing diversification into the nascent Web3 gaming ecosystem. On Wednesday, Injective announced its partnership with DEGA, a top game builder platform that’s also deployed on Ethereum, Cardano and BNB Chain. Injective, a provider of a platform for dApps across decentralized exchanges (DEXs), prediction markets, and lending protocols, will leverage DEGA’s ecosystem to launch its next phase of development via Web3 gaming. With DEGA, game builders will be able to quickly design and publish games – a new era for GameFi, according to Injective. The Web3 gaming market continues to…

Four years ago, American citizens received stimulus checks from the government in the amount of $1,200 to help them recover from the financial losses incurred during the Covid pandemic, and investing this money was among the popular choices of the checks’ recipients. Indeed, the United States Internal Revenue Service (IRS) had issued the stimulus checks, or Economic Impact Payments, under the Coronavirus Aid, relief and Economies Act (CARES Act), and the first round amounted to $1,200 (and $500 more per each child). Investing in Bitcoin For those who chose to invest their $1,200 stimulus in Bitcoin (BTC) at the time,…

Ethereum has fallen to $3,480, a 3% slip in the past 24 hours. Traders at Wintermute told Decrypt that ETH appears to be range-bound between $3,200 and $3,400 as derivatives traders are likely profiting from an Iron Condor strategy. The firm added that Bitcoin has been similarly range-bound between $63,000 and $65,000. “Market consensus is these areas take importance as ‘lines-in-the sand’,” an analysts from the firm’s trading desk told Decrypt, “and I’m seeing traders lean on them to define risk.” An Iron Condor is a direction-neutral options strategy where traders benefit from the underlying asset staying range-bound until the…