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Author: NBTC

NBTC is the editorial account for NBTC News, covering Bitcoin, Ethereum, DeFi, blockchain infrastructure, exchanges, mining, regulation and digital asset markets. The editorial team focuses on clear sourcing, timely updates and practical context for crypto readers.

Regulation

New ETF Distributions Set to Dominate the Market

By NBTC

Roundhill Investments, renowned for spearheading innovative financial products, has recently announced new ETF distributions, marking a significant update for investors. As of May 31, 2024, the 30-Day SEC Yield for the Roundhill S&P 500® 0DTE Covered Call Strategy ETF stands at -0.51%, and for the Roundhill N-100 0DTE Covered Call Strategy ETF at -0.36%. These figures highlight a unique aspect of the funds’ performance, drawing attention to the nuanced investment opportunities they offer. In addition to these, the Roundhill Bitcoin Covered Call Strategy ETF shows a Distribution Rate of 22.94% as of June 25, 2024, paired with a 30-Day SEC…

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Altcoins

Wormhole Governance Staking Now Available for W Token Holders

By NBTC

Wormhole introduced Wormhole Governance Staking, allowing W token holders to transfer tokens from Solana to EVM chains to participate in governance. Wormhole, an interoperability platform, has announced the launch of Stake for Governance. This feature allows W token holders to transfer their assets from Solana to the EVM chain and participate in the governance of Wormhole. The daily transfer limit for W tokens is 100 million. Stake for Governance gives W token holders the power to determine the future path of the Wormhole DAO and ecosystem. Wormhole’s announcement of this exciting feature will be the decentralization’s first step towards MultiGov,…

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Blockchain

BASE TVL Surpasses BLAST with a Remarkable $1.549 Billion

By NBTC

Base secured sixth position in TVL over Blast. Ethereum tops the list with $58.594 billion, according to DefiLlama. Base, the Ethereum layer-2 blockchain developed by a U.S. crypto exchange Coinbase, has marked a remarkable surge in its total value locked (TVL), surpassing Blast. According to DefiLlama, Base’s TVL stands at $1.549 billion and Blast’s TVL at $1.525 billion, a one-day change of 1.56% and 5.75% respectively. Total value locked (TVL) is an important metric used in the cryptocurrency sector that allows investors to gauge the popularity and activity of a decentralized finance platform or application. The total value locked on…

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Bitcoin

Bitcoin surges 16% in May, but analysts warn of correction ahead

By NBTC

Bitcoin has experienced a notable surge in value, rising 16% month-to-date and currently trading around $43,000. This upward trend has been primarily attributed to positive market sentiment driven by several key developments, including the anticipation of spot Bitcoin ETF approvals and significant investments from major institutional players. Elevated expectations regarding the approval of spot Bitcoin exchange-traded funds (ETFs) by the U.S. Securities and Exchange Commission (SEC) have contributed to Bitcoin’s recent bullish performance. Notably, BlackRock and Fidelity have positioned their Bitcoin ETFs among the top performers in the U.S. market, attracting substantial inflows and boosting investor confidence. This increased demand…

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Regulation

Crypto.com teams up with prime crypto tax providers

By NBTC

Crypto.com, the innovative platform for payments and cryptocurrency, has announced partnerships with top-tier tax providers, including Koinly and TokenTax. The partnership is designed to offer users the most comprehensive and dependable tax support possible. Since the acceptance of crypto currencies is increasing, countries worldwide are mandating the disclosure of tax information regarding online currencies. For instance,the Internal Revenue Service of the United States mandates that individuals acquire cryptocurrency through the filing of taxes. The same regulations are enforced in other locations as well. Crypto.com’s alliances facilitate the disclosure of crypto holdings across numerous jurisdictions through its best crypto tax softwares.…

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Altcoins

SingularityNET And Trace Labs Collaborate To Develop A Decentralized Artificial Intelligence Ecosystem

By NBTC

Artificial intelligence platform SingularityNET and Trace Labs, the core team behind OriginTrail, the AI ​​data integrity and parachain specialist on Polkadot, have announced a strategic collaboration. The parties to the agreement will collaborate on the development of the Internet of Knowledge, which encourages data analysis using AI. SingularityNET and OriginTrail, two leading players in decentralized AI, will collaborate to create an ecosystem that allows infrastructure partners and AI agents to access the decentralized knowledge graph (DKG). As per the agreement, Trace Labs is responsible for creating advanced infrastructure that facilitates effective access to and retrieval of information stored on the…

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Blockchain

The Future of Blockchain is Beyond Bitcoin: Enter Kaspa and Convex

By NBTC

Uphold’s Head of Research, Dr. Martin Hiesboeck, has criticized Bitcoin maximalism and advocated for a more open-minded approach to blockchain innovation, highlighting the potential of emerging technologies like Convex. In a recent X post, Hiesboeck highlighted Bitcoin’s limitations, describing it as an outdated and potentially flawed technology. He noted that while the blockDAG model addresses blockchain trilemma issues, it still relies on a sequential order of blocks and transactions. Here is an explanation of why I think being a maximalist for anything including $KAS is dangerous. We now recognize #Bitcoin is a very limited, and perhaps flawed and ultimately doomed…

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Bitcoin

Week’s inflows hit highest mark since March

By NBTC

Spot bitcoin ETFs saw their best inflow week in two months as a consumer price index report last week seemed to ease concerns weighing the asset down. The US fund category collectively notched $948 million in positive net flows from May 13 to May 17, according to Farside Investors data. This was the highest total during a single week since the fund segment welcomed more than $2.5 billion to its coffers between March 11 and March 15. Analysts attributed the subsequent drying up of demand in April to profit-taking and the Federal Reserve’s anticipated higher-rates-for-longer approach. Read more: Strong start,…

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Regulation

GameStop Stock Down as Veteran Trader Slams Roaring Kitty for Stoking 'Envy and Greed'

By NBTC

GameStop’s stock momentum is still cooling as bull trader and influencer Roaring Kitty (aka Keith Gill) remains quiet over the last week-plus—and now a veteran trader is calling out Gill and other meme stock proponents for stoking what he sees as unhealthy behavior. Veteran New York Stock Exchange floor trader Peter Tuchman—a notable personality known as the "Einstein of Wall Street" due to his appearance—issued a stark warning this week about the ongoing GameStop trading phenomenon. In an interview on Yahoo Finance's Opening Bid on Wednesday, Tuchman was asked about the impact of Roaring Kitty—and in reply, expressed deep concern…

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Altcoins

$BRETT Coin Early Buyers Start Selling for Profits

By NBTC

Brett coin $BRETT, a well-known frog-themed meme token has recently seen a significant dip. As a result of this, the early buyers have reportedly begun selling the tokens to gain profits, according to the famous on-chain analytics provider SpotOnChain. The analytics firm pointed the rebound in the price of the token has led to the respective sell-off by the early buyers. #MEMEcoin $BRETT early buyers/insiders are selling for profits after the price rebounded! In the last 32 hours, 5 "insider" wallets jointly deposited 71.76M $BRETT ($9.94M) to #Gateio, #KuCoin, and #Bybit, causing the price to dip after each transfer. pic.twitter.com/gvfaZFu39g…

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