Author: NBTC

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…

Fireblocks is extending its MPC protection to customers of Coinbase International Exchange. The partnership protects the exchange’s operations, such as withdrawals and deposits, using Fireblocks’ governance and policy rules. Cryptocurrency custody firm Fireblocks is working with Coinbase International Exchange, the non-U.S. arm of the trading business providing perpetual futures and spot trading features for institutional and retail clients in eligible jurisdictions, the companies said on Monday. Fireblocks customers can now connect to their Coinbase International Exchange account and protect exchange operations, such as withdrawals and deposits, with Fireblocks’ governance and policy rules, according to a statement. Coinbase International Exchange received…

Options trading desks saw heavy buying activity for BTC calls with June expiry. BTC “ready to squeeze higher” with some $1.5 billion worth of shorts concentrated around the $72,000 that can be liquidated, Matrixport noted. Bitcoin (BTC) options traders are increasingly positioning for the asset to hit fresh record prices this month, market data suggests. “Our desk saw strong bullish follow-through with significant call buying for June expiries, indicating positioning in the options market for a decisive break of 74,000 all-time-highs this month,” digital asset hedge fund QCP said in a Wednesday market update. Options are derivative contracts that give…

Large Ethereum holders saw a net inflow of 267,000 ETH, the highest since March, reflecting sustained interest despite market fluctuations. Large holders of Ethereum (ETH) recorded a significant net inflow of 267,000 ETH on Thursday, marking the highest daily accumulation since March, according to data from the market intelligence platform IntoTheBlock. This inflow proves the sustained interest and activity among significant ETH investors despite the crypto market’s fluctuations. On Thursday, large ETH holders recorded a net inflow of 267k $ETH, marking the highest daily accumulation since March. pic.twitter.com/uBBhRpCxRz — IntoTheBlock (@intotheblock) June 10, 2024 Three-Month Netflow and Price Dynamics The…

Shiba Inu lead developer Shytoshi Kusama discusses the role of layer-2 network Shibarium in enhancing media content security with CDSA. Shiba Inu recently entered into a strategic partnership with the Content Delivery and Security Association (CDSA). This collaboration, announced on April 11, aligns Shiba Inu with leading industry giants such as Apple, Amazon, and Netflix, all dedicated members of CDSA. The primary aim of this alliance is to harness Shibarium, the Shiba Inu ecosystem layer-2 blockchain platform, to enhance the authenticity, security, and protection of content across the media and entertainment sectors. In-Depth Insights from Shiba Inu Lead Most recently,…

Binance Thailand is set to list Luna Classic (LUNC) on June 11th, 2024, at 2:00 PM Bangkok time (9:00 AM EST), according to crypto influencer Mr. Diamondhandz1. This listing coincides with a special event for the LUNC community. UPDATE: #Binance Thai will list $LUNC on June 11th, 2024 at 14:00 GMT+7 ( 9 AM EST), and announces a special event ONLY for the #LUNC community. This comes one day before the SEC, TFL settlement is announced on June 12th and also the FOMC meeting. 😉💎🤲🏻 #Crypto #LunaClassic pic.twitter.com/hNvd5L6lYa — Mr. Diamondhandz1💎 (@MrDiamondhandz1) June 9, 2024 The listing comes just a…

Bitcoin Magazine’s “10 Steps to Self-Sovereignty” series in partnership with Ledger is officially concluded. Over the last few months we have gone through many different topics, ranging from specific guides on how to manage and interact with your bitcoin securely and in a self-sovereign fashion, to explanations of fundamental properties that make Bitcoin a valuable and functioning asset and network. Now that the series has concluded, let’s look back at each article and the topic it covered. Step 1 | Understanding Your Bitcoin Keys: Bip39 Seed Words This first article takes a look at how to actually manage your seed…

After a brief consolidation near the critical $4K resistance level, Ethereum encountered increased selling pressure, leading to a decline. However, a significant support zone lies ahead, which may curb further downward movement. By Shayan The Daily Chart A closer look at the daily chart shows that after a short period of consolidation near the pivotal $4K resistance, Ethereum faced heightened selling activity, resulting in a notable rejection. This indicates strong selling interest around the previous major swing high of $4K, highlighting aggressive short positions near this key level. Nonetheless, there is a significant support zone ahead, including the 100-day moving…

Vandell Aljarrah, a finance consultant and co-founder of Black Swan Capitalist, has asserted that when institutional demand for XRP arrives, it will endure and bolster XRP’s value. Aljarrah expressed this sentiment in a recent post on X. The remark came as a reply to community member Chad Steingraber’s commentary on the reason XRP sees minimal impact from cross-border payment utilities. XRP Unimpacted by Present Utilities Steingraber argued that XRP’s market value sees minimal impact from Ripple’s cross-border payment solution because of the medium through which the transactions occur. Specifically, he noted that the transactions are essentially over-the-counter (OTC) trading, unlike…

Key Points: Bybit is moving its staff from Shanghai and Shenzhen to Malaysia and Dubai, considering closing these Chinese offices to adapt to new regulations. Bybit relocate Chinese employees unwilling to relocate may face layoffs, though they will receive fair compensation, stirring significant concern within the team. This major move aims to ensure Bybit’s growth and compliance internationally, marking a pivotal shift in its operational strategy. Bybit relocate Chinese employees team members to Malaysia and Dubai. This follows the latest development, with the opening of registrations to the Chinese market, suggesting a strategic turn in its operation model. Relocation comprises…