Author: NBTC

BlackRock’s Bitcoin ETF, IBIT, is on the verge of a significant milestone, with its inflow streak reaching an impressive 69 days. This achievement places IBIT on the cusp of entering the prestigious top 10 list for the Longest Daily Inflows Streak among ETFs, currently tied with JETS, the U.S. Global Jets ETF. Eric Balchunas, a renowned ETF expert at Bloomberg, has been closely monitoring IBIT’s ascent, noting the remarkable nature of this streak. On a market landscape where consistency is key, IBIT’s performance stands out. Unlike other contenders in the top ranks of the Longest Daily Inflows Streak, IBIT is…

Shiba Inu’s partner K9 Finance DAO has launched a giveaway campaign to celebrate its emergence as a node validator on famous L2 blockchain solution Shibarium. The giveaway contest features a prize pool of 420 million KNINE tokens worth $15,246 at the time of writing. K9 revealed in a recent X post that any pup can win a share of the 420M KNINE tokens following the completion of specific social media and trading tasks. According to K9, the contest, which commenced on May 8, will be ending on May 22nd at 3 PM (EST). 🚀 $KNINE BUY CONTEST IS HERE! 🐕🐕‍🦺🦮…

Ripple CEO Brad Garlinghouse believes the crypto industry will win the fight against the U.S. Securities and Exchange Commission (SEC). In a recently uploaded video, Garlinghouse noted that the best technologies always win in the long run. 🚨BREAKING: Brad Garlinghouse says that he is very confident that the SEC is about to lose the case against @Ripple! #XRP pic.twitter.com/7er2mtfJh5 — JackTheRippler ©️ (@RippleXrpie) May 11, 2024 According to the Ripple CEO, the SEC’s efforts to curtail crypto activities will fail in the long run. He noted that what the SEC is doing in its fight against crypto is nothing compared…

Founder and former chief executive at MicroStrategy Michael Saylor has stirred the Bitcoin community with a tweet he published earlier today. There was a nuance to his tweet that triggered a heated discussion among Bitcoin holders. Saylor’s Bitcoin-robot tweet Michael Saylor, who remains on the managing board of MicroStrategy and is in charge of the company’s Bitcoin-oriented strategy now, regularly posts AI-generated images with various messages, endorsing the world’s leading cryptocurrency. This time, Saylor tweeted “embrace Bitcoin” and added a picture, in which a young girl is standing close to a human-like robot, which looks like robots from sci-fi movies,…

Ethereum price started a recovery wave from the $2,940 support. ETH could gain bullish momentum if it clears the $3,055 and $3,080 resistance levels. Ethereum found support near $2,940 and started a steady increase. The price is trading near $3,030 and the 100-hourly Simple Moving Average. There was a break above a major bearish trend line with resistance at $2,990 on the hourly chart of ETH/USD (data feed via Kraken). The pair must surpass the $3,080 resistance to continue higher in the near term. Ethereum Price Holds Support Ethereum price extended losses below the $3,000 level, like Bitcoin. Finally, the…

VELO token, recognized as the XRP of Southeast Asia, has now emerged at the forefront of the market narrative, growing by 358% in the past few weeks. Market intelligence platform Santiment confirmed this development in its latest update about VELO. Santiment emphasized that VELO has been garnering notable attention among crypto traders lately while being likened to the “XRP of Southeast Asia.“ The surge in interest is reflected in the 30% increase in the trading volume for VELO over the past day. Notably, after dipping to a 24-hour low of $0.02458, VELO has witnessed a significant uptick of 16.88%. At…

With the regulation on crypto assets that it will submit to the Parliament this week, the AK Party aims to include the platforms where crypto assets are traded within the scope of the Capital Markets Board (CMB) regulation and supervision. With the work carried out under the chairmanship of AK Party Group Chairman Abdullah Güler, the preparations on the bill containing regulations regarding crypto assets were completed. The proposal is planned to be submitted to the Speaker of the Turkish Grand National Assembly within the week. The new proposal aims to reduce the risks of parties transacting with crypto assets…

Ripple’s Chief Technology Officer David Schwartz has stepped into a thought-provoking discourse that hinges on the control of hash power within the BTC network. In response to tweets, Schwartz offers a new perspective, questioning the logic that the majority of hash power determines who gets to use the name “Bitcoin.” An X user, “Curtis Ellis,” shared on X what he refers to as “BTC logic”: that the majority of hash power decides who gets to use the name Bitcoin and that users must run a full node so they only follow the hash power that runs the rules that they…

Despite some skepticism, Ethereum has five compelling reasons that it has a bright future, presented from a balanced perspective. Superior ecosystem compared to Bitcoin’s L2: While Bitcoin’s layer-2 (L2) applications are developing, they currently lag behind Ethereum in terms of functionality and user experience. Ethereum has established itself as the preferred platform for developers, largely due to its more mature ecosystem and broader acceptance. Despite the noise around Bitcoin’s potential for application development, Ethereum remains the go-to for developers looking for robust, tested and versatile solutions. Regulatory challenges may not be pivotal: There is a lot of talk about the…

An insider managed to flip 3.89 Solana (worth around $600) into 999 (about $153,560) in just 15 hours, securing $2.5 million in unrealized profits. The anonymous trader withdrew 3.89 SOL from Binance and used 2.89 SOL ($445) to buy 2.46 billion Minette tokens immediately after the developer added liquidity. The insider quickly sold 1.04 billion Minette for 998.7 SOL ($153,000), leaving 1.42 billion Minette in their wallet, currently valued at $2.5 million. Starting at 3.89 $SOL($600), the insider turned it to 999 $SOL($153.56K) in just 15 hours and has $2.5M in unrealized profits.He withdrew 3.89 $SOL($600) from #Binance and spent…