Author: NBTC

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.

Solana’s Road to ETF Approval: Key Factors

AltcoinsJun 15

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…

Michael Saylor Breaks Silence on Bitcoin Dropping Below $68,000

BitcoinJun 15

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 Longs Crushed! Who Got Burned In The $62 Million Fire Sale?

EthereumJun 15

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…

“Crypto Investments Are Experiencing Historic Change”

BitcoinJun 15

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…

He Set a Date for the Final Approval of Spot ETH ETFs!

EthereumJun 15

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…

Shiba Inu Team Shares Latest Update on Its Play-to-Earn Game

GameFiJun 15

The Shiba Inu ecosystem team shares a new update about the play-to-earn (P2E) version of its upcoming Collectible Card Game (CCG), Shiba Eternity. In an X post yesterday, Shiba Inu’s marketing lead, Lucie, disclosed that the highly anticipated blockchain version of Shiba Eternity is nearing its launch. She emphasized that the game already has a mobile version that allows players to earn ‘Kibbles.’ What We Know About Shiba Eternity So Far Shiba Eternity is getting very, very close! You can already play and train on the mobile version, where you can earn Kibbles. The blockchain version will be different, though.…

An Introduction to Bitcoin Layer Two Solutions

BitcoinJun 15

Bitcoin, the pioneer of blockchain technology, has faced challenges as its adoption has grown. With its original design allowing only seven transactions per second, the network often struggles with scalability, leading to high fees and slower transaction times. To address these issues, Bitcoin layer two (L2) solutions have emerged. These projects aim to enhance the Bitcoin blockchain by developing an execution layer that processes transactions off the main chain, thereby increasing throughput and maintaining security. These L2s also enable new functionality, like smart contracts. What Are Bitcoin Layer Twos? Bitcoin layer twos (L2s) are secondary protocols or networks built on…

Ethereum (ETH) Exchange Outflows Plummet, Casting Doubt on $4,000 Prediction

EthereumJun 15

Readers will find today’s analysis of Ethereum (ETH) interesting. On June 11, about 542,000 ETH moved out of exchanges— the largest outflow of the year. However, the trend did not take long to change, prompting speculation that the potential increase to $4,000 may be delayed. Ethereum Opens the Floor for Bears According to data from CryptoQuant, the number of ETH withdrawn from exchanges has decreased. For instance, the figure recorded on June 12 fell by almost half from what it was the day before. As of this writing, BeInCrypto observes that 70,839 ETH has flown out of top exchanges. In…

Whales Move 452,869,591 XRP to 3 Top Exchanges Amid 5% Gain

AltcoinsJun 15

As XRP price recovers from the weekend’s dip, on-chain data shows multiple movements of XRP tokens to exchanges within the last few hours, sparking bearish concerns. Over the weekend, XRP revisited the $0.43 range following a 21% price collapse influenced by Bitcoin. However, within the past day, the asset has engineered a notable comeback, reclaiming the $0.5 range. In particular, XRP is up by over 5.3%, with its price currently at $0.5165. Amid this recovery, Whale Alert has indexed XRP transfers worth millions of dollars from multiple unknown wallets to three top centralized exchanges: Bitvavo, Bithumb, and Bitstamp. These transactions…

Bitcoin Flashing Signal That Preceded Nine-Month Parabolic Rally, According to Crypto Strategist

BitcoinJun 15

A closely followed crypto strategist says Bitcoin (BTC) just flashed a signal last seen before the dramatic rallies of the 2017 bull market cycle. Pseudonymous analyst TechDev tells his 452,600 followers on the social media platform X that the Bitcoin versus M1 money supply chart just breached the resistance of the exponential moving average Bollinger Bands on the monthly chart. According to TechDev, the same thing happened in the first months of 2017 before Bitcoin printed gains of more than 2,600% in less than a year. “You’re looking at the first breakout of Bitcoin against M1 money supply since March…