Author: NBTC

The cryptocurrency community is in turmoil following Matter Labs’ announcement of the first ZKsync airdrop, scheduled for June 17. The airdrop will allocate 17.5% of ZKsync’s native token. However, excluding key participants and the distribution strategy has attracted significant backlash. ZKsync Airdrop Sparks Community Outrage Community members are dissatisfied with the ZKsync airdrop’s allocation and eligibility criteria. The controversy has prompted many to advise other network users to withdraw their funds and transition to alternative Layer 2 solutions like Arbitrum. Critics argue that the crypto airdrop process lacks transparency and fairness, especially after crypto exchange Bybit announced it would list…

OKX Wallet integrates with Sablier for real-time crypto payments via Ethereum smart contracts. Sablier facilitates by-the-second payments for ERC-20 assets, enhancing OKX’s Web3 ecosystem. OKX offers a comprehensive suite including a DEX, NFT marketplace, and Web3 DeFi platform. OKX has announced integration between its Web3 wallet and Sablier, an infrastructure designed for money streaming and token distribution. This development enables the OKX Web3 community to access Sablier’s advanced solutions and features directly through a web extension. Flash News: OKX Wallet Now Integrated with Sablier https://t.co/5QKxROANEL — CrazyforCrypto (@MaryJ89167299) June 15, 2024 Sablier, a protocol built with Ethereum smart contracts, facilitates…

The Oklahoma Governor signed a bill exempting particular taxes for bitcoin mining. America has expressed its aim to become a leading nation within the BTC mining sector. The Governor of the USA state, Oklahoma signed a crypto bill that exempts Bitcoin miners from electricity sales tax. This bill is the state’s step toward advancing self-governance in the cryptocurrency sector. Notably, the signing has made Oklahoma the first state in the nation to advance in crypto and bitcoin mining. The Bill ‘HB1600’ grants Oklahoma the status of having the most effective power rate in the country. Oklahoma Governor Kevin Stitt’s signing…

With the official start of summer, analysts say Bitcoin, the world’s largest cryptocurrency, may experience a stagnant period in June. Bitcoin rose 13% in May, its eighth monthly gain in nine months and its best month since February, when it rose 44%, according to Coin Metrics. This increase can be attributed to last week’s ETH-led rally, which occurred before the SEC approved a rule change allowing Ethereum ETFs in the US. This led to a 20% increase in ETH in two days. Aspiring holders of ETH ETFs are now required to fill out S-1 registration forms for individual funds. With…

Ethereum price failed to clear the $3,650 resistance. ETH declined again after the Fed decision and now shows bearish signs below the $3,550 level. Ethereum started a fresh decline below the $3,580 support zone. The price is trading below $3,550 and the 100-hourly Simple Moving Average. There is a major bearish trend line forming with resistance near $3,610 on the hourly chart of ETH/USD (data feed via Kraken). The pair could extend losses if it stays below the $3,600 resistance zone. Ethereum Price Dips Again Ethereum price attempted a recovery wave above the $3,550 and $3,580 resistance levels. However, ETH…

The discussion about which altcoin might next secure exchange-traded funds (ETFs) approval has intensified. Among the candidates, Solana (SOL) stands out, given its significant market presence and strong following. Solana, the fifth largest cryptocurrency with a market cap exceeding $66 billion, is often referred to as an “Ethereum killer.” This reputation, along with its popularity, makes it a prime candidate for ETF approval. However, achieving this approval involves overcoming significant obstacles. Hurdles for Solana’s ETF Approval A primary challenge for Solana is the absence of a regulated futures contract market. Unlike Bitcoin and Ethereum, which have futures products listed on…

Prominent Bitcoin advocate and the co-founder of the MicroStrategy business intelligence giant Michael Saylor has published a tweet about Bitcoin as if to show confidence in the largest cryptocurrency by market capitalization value as it has suddenly lost the $68,000 price level overnight. Saylor’s tweet contains an AI-generated image with an image of a physical Bitcoin and bees, stating: “Bitcoin is a Swarm of Cyber Hornets.” #Bitcoin is a Swarm of Cyber Hornets. pic.twitter.com/hbUEt1G9EN — Michael Saylor⚡️ (@saylor) June 1, 2024 Certain macroeconomic factors have influenced this sudden Bitcoin price decline. The personal consumption expenditures (PCE) price index faced a…

Ethereum (ETH) bulls got a taste of fire on June 11th as the altcoin’s derivatives market witnessed a dramatic surge in long liquidations. According to data from Coinglass, this event marked the highest level of long liquidations since May 23rd, signifying a significant correction for traders who bet on rising prices. Crimson Chart: Long Positions Liquidated Overconfident investors piled into long positions, essentially placing a wager that Ethereum’s price would climb. However, the market had other plans. An unexpected price drop sent shivers down the spines of these bulls, triggering a wave of liquidations. As the price dipped below a…

The U.S. Securities and Exchange Commission (SEC)’s approval of a rule change allowing Ethereum ETFs could mark a historic shift in cryptocurrency investing, according to VanEck CEO Jan van Eck. Van Eck, who follows developments in the cryptocurrency market closely, called the SEC’s move “one of the most surprising things he has seen regarding securities regulation in his career.” VanEck became the first company to apply to the SEC for permission to list its proposed Ethereum ETF. With initial approval in place, the company can now begin the process of bringing the product to market, although the exact timeline remains…

Speaking before the Senate Appropriations Committee, SEC Chairman Gary Gensler said he anticipates S-1s for spot Ethereum ETFs will be approved by the end of the summer. Fox correspondent Eleanor Terrett shared details of the Ethereum ETF conversation between SEC Chairman Gary Gensler and US Senator Bill Hagerty. Gensler said “throughout this summer,” while Hagerty said “by the end of the summer.” “I would dream sometime during this summer…” Gensler said in response. “If you’re telling me these applications will be approved by the end of the summer, I appreciate that,” Hagerty said. said” Clarifying on details here: Gensler said…