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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.

Exchanges

Base DEX Trading Users Hit New Highs With Meme Coins Growth

By NBTC

Key Points: Coinbase’s Base network hit a record 267,000 DEX trading users, surpassing BNB Chain and trailing only Solana. Uniswap leads Base DEX trading users, driven by a vibrant meme coin market. Base’s total asset value locked (TVL) surged from $520 million to $2 billion in 2024. According to Dune Analytics, Coinbase’s Ethereum layer-2 network, Base, has recently experienced significant growth, shattering its previous record for decentralized exchange (DEX) trading users. Base DEX Trading Users Achieves Record Growth As of June 17, the number of Base DEX trading users surged to 267,000, surpassing BNB Chain and ranking second only to…

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Mining

Bitcoin Miners Face 8.4% Profit Decline Amid Falling Hashprice and Market Pressures

By NBTC

In the last three days, bitcoin miners have experienced an 8.4% drop in profits, echoing a decrease in bitcoin prices. Since then, the network’s hashrate has fallen below the 600 exahash per second (EH/s) mark. Price Drop Squeezes Bitcoin Mining Profits Revenue for bitcoin miners has declined as the hashprice, the revenue from 1 petahash per second (PH/s) of hashing power per day, has diminished by 8.4% since June 14, 2024. Just three days prior, miners were earning $57.36 per petahash, but now, the hashprice stands at $52.53. On June 12, two days beforehand, bitcoin was trading just above $69,000.…

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Bitcoin

Feds, Chainalysis reveal $169m in Bitcoin controlled by 911 S5 botnet

By NBTC

Blockchain forensics firm Chainalysis has discovered $169 million in Bitcoin connected to the 911 S5 botnet, facilitating the arrest of Chinese national Yunhe Wang. Crypto analysis firm Chainalysis has traced $169 million in Bitcoin linked to the notorious 911 S5 botnet, a revelation that played a crucial role in the recent arrest of Yunhe Wang, a Chinese national allegedly involved in controlling the botnet. In a blog post, the New York-headquartered firm said the botnet’s illicit operations enabled it to generate substantial revenue through crypto subscriptions sold to cybercriminals engaging in activities like password spraying attacks, financial fraud, identity theft,…

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Altcoins

Ripple CTO Puzzles XRP Army with Enigmatic X Post: Details

By NBTC

David Schwartz, known as @JoelKatz on the X platform (formerly popular as Twitter), the chief technology officer (CTO) at Ripple has published an enigmatic tweet that prompted an enthusiastic reaction of the XRP community. The tweet contains just two words but it has got the XRP army buzzing. Ripple CTO excites the XRP army with his tweet Schwartz posted just two words – “You AREsterdam.” Many commentators were puzzled, publishing comments as to what prompted the CTO to post that tweet. However, those who joined the discussion later, began writing “I Amsterdam” in response to show it is clear to…

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Exchanges

Binance faces backlash following announcement to delist FET

By NBTC

Binance released an announcement stating it will delist FET, stirring FUD among holders. FET experienced a heavy price drop following the announcement, with crypto community members criticizing Binance. FET is down 8% following the announcement. Fetch.ai (FET) suffered a sharp decline earlier on Monday after the crypto exchange Binance sparked FUD with a misinterpreted announcement that it would delist FET. FET's price dropped following the controversial announcement from Binance On Monday, FET was the subject of controversy after Binance announced it would delist the token on July 1. The timing and delivery of the message aroused fear, uncertainty, and doubt…

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Mining

Bitcoin Miner Manufacturer Auradine Teams with CPower, Voltus to Boost Mining Efficiency

By NBTC

Today, Auradine, a Silicon Valley-based Bitcoin miner manufacturer, has strategically partnered with virtual power plant providers CPower and Voltus. The collaboration aims to enhance energy demand response and grid stability using Auradine’s EnergyTune technology. This technology allows Bitcoin miners to adjust their energy consumption in real-time. It could also reduce usage during peak demand periods and increase production during times of surplus. Auradine to Enhance Bitcoin Miners’ Efficiency with EnergyTune The initiative aims to support a more sustainable and flexible energy future by integrating demand response capabilities within the Bitcoin mining industry. Auradine’s EnergyTune technology and its collaborations with CPower…

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Bitcoin

Bitcoin flashes strongest signal for parabolic rally; Is $100k next?

By NBTC

With Bitcoin (BTC) hitting an all-time high of over $73,000 in March, much of the market consensus has focused on $100,000 as the next record price. This target could become a reality, according to an analysis by crypto trading expert TradingShot, who noted that Bitcoin may be on the brink of a major price surge. In a TradingView post on May 29, the analyst highlighted several insights suggesting that Bitcoin is entering the final and most aggressive phase of its current bull cycle, the parabolic rally. “Bitcoin (BTCUSD) is starting the final and most aggressive part of the current Bull…

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Altcoins

NEAR Foundation Forms Nuffle Labs With $13M in Funding

By NBTC

The fundraise included a grant from the Foundation and external investment by Electric Capital. Nuffle Labs will use NEAR to offer rollups via NEAR's Data Availability (NESR DA) and Fast Finally Layer (NFFL) products. NEAR Foundation, the non-profit steward of the blockchain ecosystem of the same name, has formed Nuffle Labs with $13 million in funding. The spinout is aimed at advancing NEAR's modularity and bringing more decentralized development to the ecosystem, according to an emailed announcement on Thursday. "As an independent entity, Nuffle Labs will now be able to make agile decisions, ensuring that NEAR Modular products remain competitive,"…

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Exchanges

HashKey Global to List Its Native Token HSK in Q3 2024

By NBTC

HashKey Global, the digital asset exchange under HashKey Group, revealed on June 18 that it would list its native token, HSK, in the third quarter of 2024. This listing aims to enhance the company’s ecosystem by offering new incentives and utilities for its users. HSK Token to Boost HashKey Ecosystem with Diverse Applications HSK’s introduction aims to create a synergistic environment where users can benefit from diverse opportunities within the HashKey ecosystem. From DeFi and GameFi to AI and the metaverse, the token’s versatile design supports various applications and services. Read more: Top 8 Centralized Exchange Tokens To Know About…

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Altcoins

Emerging Stronger From Retracement, Eyes Triple-Digit Gains

By NBTC

The cryptocurrency market is experiencing significant fluctuations, driven largely by the volatility of Bitcoin (BTC). Investors are eagerly anticipating a new all-time high above $73,750, yet Bitcoin has been consolidating between a broad horizontal range of $65,000 to $72,000 over the past few weeks. This high volatility raises questions among traders and investors alike about whether altcoins will rally and reach new all-time highs before the end of the second quarter. However, buyers are making efforts to sustain the crypto market at higher levels, which could act as a catalyst for altcoins like Zeebu to potentially rally and achieve new…

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