Author: NBTC

SBI VC Trade, the crypto division of SBI Japan, has opened an application window for a staking service that generates passive income for Shiba Inu and other select cryptocurrencies. The prominent Japanese trading platform announced this offering via its official X account, posting details of the program on its blog. In particular, the SBI VC Trade offering is the lending service dubbed “Rent Coin.” The recent disclosure spotlights holders of Shiba Inu (SHIB), Bitcoin (BTC), and Bitcoin Cash (BCH). ／#貸コイン 本日20:00～募集開始📣BTC/BCH/SHIB 対象3銘柄✨＼ 詳細はこちら🔻https://t.co/BlUfm32IAGスマホの方はアプリから📱#SBI #SBIVC #VCトレード #暗号資産(#仮想通貨) #レンディング pic.twitter.com/GPbzirqc0v — SBI VC Trade (SBI VCトレード） (@sbivc_official) April 18, 2024 Details of…

A recent study by Kaiko found that Binance is still the leader in liquidity among 43 cryptocurrency exchanges surveyed in Q2 2024. Likiditeye göre en başarılı kripto para borsaları. (1 en iyi skor olacak şekilde) Interestingly, Binance is followed by the South Korean exchange Upbit, which ranks 10th in this ranking due to its low activity score despite its high volume. There is only one person in the management team of the exchange. The 10 largest cryptocurrency exchanges by average trading volume. The exchange appears to be both the most liquid exchange and the exchange that recorded the highest trading…

Canada’s central bank just cut its benchmark interest rate for the first time in four years—a pivotal move that suggests other monetary authorities could soon start doing the same. That’s good news for risk assets like Bitcoin, which have historically performed well when borrowing money is cheap and when the fiat money supply is on the rise. After the news broke, Bitcoin shot up 1.5% to $71,600, its highest price since March. The price of BTC has settled to $70,930 as of writing, according to CoinGecko data. “We’ve come a long way in the fight against inflation,” said Bank governor…

While the SEC also approved spot Ethereum ETFs after Bitcoin, ETH ETFs still have not started trading. At this point, analysts think spot Ethereum ETFs will not receive as much investment as Bitcoin ETFs. Speaking to The Block, Jag Kooner, head of derivatives at Bitfinex, had the same opinion about Ethereum ETFs, saying that if ETFs started trading now, they could capture one-fifth of spot Bitcoin ETF investment flows. Kooner stated that the SEC’s decision on staking is very important for ETH ETFs and said: “ Estimates in the market suggest that spot Ethereum ETFs could capture 10-20% of flows…

We do the research, you get the alpha! Get exclusive reports and access to key insights on airdrops, NFTs, and more! Subscribe now to Alpha Reports and up your game! In the last four days alone, meme stock influencer Keith Gill, aka Roaring Kitty, has lost over $350 million on his GameStop (GME) position. You wouldn’t tell by his demeanor. As GME continued to shed value on Monday, Gill mocked his own fortunes, posting memes on Twitter belittling his financial status. And as the price fell in real time during his Friday livestream, his first in three years, he wore…

In the event of negative funding rates, Ethena’s current reserve fund would only be sustainable if USDe’s market cap was below $4 billion. Ethena generates a yield through a tokenized “cash and carry trade.” CryptoQuant says Ethena would need to maintain a keep rate above 32% in the event of a bear market. USDe holders should monitor the project’s reserve fund to avoid risks related to the potential of a negative funding rate, according to data provider CryptoQuant. Ethena Labs, the firm behind the USDe stablecoin, currently offers an annual yield of 17.2%, a rolling average over the past seven…

The Bitstamp acquisition expands Robinhood’s global reach, the report said. The investment bank said the deal also increases the trading platform’s institutional exposure. Architect Partners said the price paid for the acquisition was reasonable. Crypto is becoming an increasingly important part of Robinhood’s (HOOD) business and, despite receiving a Wells Notice from the U.S. Securities and Exchange Commission (SEC) last month, the trading platform continues to expand its digital assets business, investment bank Architect Partners said in a Friday report. The expansion is evidenced by the recent agreement to buy crypto exchange Bitstamp, the bank said. Architect notes that crypto…

JPMorgan highlighted in a recent research report that Bitcoin (BTC) mining companies with attractive energy contracts could make interesting acquisition targets. This comes at a time when hyperscalers and artificial intelligence (AI) companies are exploring different alternatives to secure their energy needs. The mining industry is witnessing a surge in mergers and acquisitions, especially after the Bitcoin halving. Shares of Core Scientific (CORZ) rose on Tuesday after cloud computing firm CoreWeave signed a 200-megawatt (MW) AI deal with Bitcoin mining. CoreWeave has also reportedly made an all-cash offer to acquire the company. In another development, Riot Platforms (RIOT), another major…

Ethereum (ETH) continues to showcase its volatility and potential for strategic trading. As of June 10, 2024, ethereum’s price stands at $3,677, reflecting a daily range of $3,654 to $3,714. Ethereum Ethereum’s 1-hour chart reveals short-term volatility, with ether’s price testing lower levels around $3,642 and struggling to maintain above $3,700. Key support is identified at $3,642, while resistance is around $3,722. Increased volume on the drop to $3,642 suggests this level may hold as a potential support, indicating buyer interest. ETH/USD daily chart. On the 4-hour chart, ethereum exhibits a downtrend with a significant decline to $3,570, followed by…

EigenLayer and its more than $12 billion in total value locked (TVL) went to mainnet last week, bringing the protocol’s vision for a restaking ecosystem on Ethereum a step closer to reality. Building an entire ecosystem atop Ethereum could be lucrative — a16z general partner Ali Yahya said EigenLayer has “the potential to change everything” — but it also could come with hard-to-predict risks. EigenLayer’s mainnet launch came with slashing and in-protocol payments disabled, and the protocol pledged to let the marketplace “develop and stabilize” before removing the training wheels. Read more: Restaking protocol EigenLayer heads to Ethereum mainnet In…