Author: NBTC

Quick Take Farside data shows that the Bitcoin (BTC) exchange-traded funds (ETFs) market saw a total inflow of $31.6 million on April 23. The market has experienced a surge in inflows over the past few days, with April 23 marking the third consecutive trading day of positive net inflows. BlackRock’s IBIT led the charge, which recorded a net inflow of $37.9 million, its highest since April 15. This brings IBIT’s total net inflow to an impressive $15,478.6 billion. Ark’s ARKB also saw a substantial inflow of $33.3 million, marking its most significant inflow since March 27 and pushing its total…

As blockchain teams strive for the holy grail of mainstream adoption, making crypto wallets easier to use is suddenly at the top of the agenda. Ethereum developers have been moving along with their discussions and inclusions of certain Ethereum Improvement Proposals (EIPs) for the blockchain’s next big hard fork, Pectra. One of the proposals that has drawn both support and concern from the Ethereum community is EIP-3074, a code change that is supposed to improve the user experience with wallets on the blockchain. Ethereum developers have tackled issues in the past that would make the user experience with wallets easier,…

A cryptocurrency trader has managed to make over $1.6 million in less than an hour by trading a little-known cryptocurrency shortly after it opened for trading, in yet another case in which traders believed to be developers behind projects take advantage of initial price surges. According to on-chain analysis service Lookonchain, the trader spend just 0.24 BNB, around $138, to buy 375.4 billion $PUMP tokens wth over 6 BNB worth $3.48 million. The price of $PUMP later on surged, and the trader sold 360.4 billion tokens for 8,759 BNB worth $5.08 million. In total the trader managed to realize a…

The chief executive of investment firm Morgan Creek Capital says that the digital asset industry is set to be inundated by hundreds of billions of dollars coming from the baby boomer generation. In a new interview with crypto influencer Scott Melker, Morgan Creek Capital CEO Mark Yusko says that within the next 12 months, he expects asset managers who manage funds for boomers to put $300 billion into the crypto space. “We have a pretty significant demand shift and it hasn’t fully played out, in fact it hasn’t even come close to fully playing out… I believe in the next…

As a key May deadline for spot Ethereum exchange-traded fund (ETF) applications in the U.S. draws closer, shares of Grayscale’s Ethereum Trust (ETHE) appear to have found firmer footing. As of Friday, shares in Grayscale’s ETHE traded at a 22% discount relative to the funds’ crypto holdings, according to data from YCharts. Since March 22, that discount has ranged between 21% and 26%, widening from as little as 8% earlier that month. Many crypto market analysts have expressed doubt that spot Ethereum ETFs will be approved in the U.S. in the short term. We will know soon enough, as the…

Floki debuts Valhalla at WOW Summit, amplifying its presence. March sees over $55 million Floki token burns, outpacing major memecoins combined. Utility products drive burns, with more innovations and marketing planned. The Floki team is set to make waves in Hong Kong as they prepare to unveil their flagship PlayToEarn NFT Metaverse game, Valhalla, at the WOW Summit on March 26-27. With excitement building around their presence at the event, Floki aims to leverage the platform to showcase Valhalla to a massive audience. The #Floki team has landed in Hong Kong, ready to showcase #Valhalla at the WOW Summit on…

Crypto investor Brian Kelly thinks Bitcoin (BTC) has hit a bullish intersection of rising demand and reduced supply. In a new interview on CNBC’s Fast Money, the founder and CEO of digital asset investment firm BKCM says seeing bigger brokerage firms jumping into Bitcoin will have a bigger impact than the recent BTC halving. “So Morgan Stanley, UBS – once they are online, and they can have their customers start to come into Bitcoin, that’s a lot of pent-up demand.” Kelly says that the recently approved spot Bitcoin exchange-traded funds (ETFs) will also drive demand in the post-halving environment. “If…

Ethereum price extended its recovery wave above the $3,120 zone. ETH failed to surpass the $3,220 resistance and is currently trimming gains. Ethereum climbed further above the $3,150 and $3,200 levels before the bears appeared. The price is trading below $3,120 and the 100-hourly Simple Moving Average. There was a break below a major bullish trend line with support at $3,120 on the hourly chart of ETH/USD (data feed via Kraken). The pair must stay above the $3,020 support to start another increase toward $3,220. Ethereum Price Dips Again Ethereum price climbed further above the $3,150 and $3,200 levels, like…

On March 25th, Fantom Foundation CEO Michael Kong unveiled plans for the upcoming release of Sonic, a groundbreaking advancement set to revolutionize the blockchain landscape. Sonic, a culmination of years of research and development, promises to introduce a shared sequencer tailored for both Layer 1 (L1) and Layer 2 (L2) chains, an innovation poised to bolster transaction processing capabilities to unprecedented levels. Fantom’s evolution from Opera to Sonic The journey towards Sonic began with the inception of the Opera network on December 27, 2019. Built upon pioneering concepts such as Concurrent Common Knowledge (CCK) and Lamport Timestamps, Opera represented a…

A serious attempt to bring Ethereum-like smart contract functionality to Bitcoin called OP_CAT has finally been granted a “BIP number:” 347. This is the first step towards actually launching the long-proposed software upgrade. “Getting a BIP number does not signal any sort of consensus on the part of the community,” Ethan Heilman, one of the co-authors of the proposal alongside Armin Sabouri, said in an interview. “It just makes discussing and writing software around the proposal easier because the proposal now has a unique numeric identifier that everyone agrees on.” In other words, getting assigned BIP 347 means the argument…