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.

Legendary Analyst il Capo Reveals What To Expect Next For BTC And Altcoins

BitcoinJun 13

Il Capo of Crypto, one of the most popular analysts in the cryptocurrency world, evaluated the general situation of Bitcoin, Ethereum and altcoins in his statement today. According to the analyst, Bitcoin managed to break the upper range by rising above $69,000, which could be a good sign for the continuation of the bull. il Capo thinks we may see more developments regarding Ethereum Spot ETFs this week. The SEC's approval of Ethereum Spot ETFs comes as a big development. The analyst thinks the fact that BlackRock and others have updated their S-1 filings and disclosed their fees indicates that…

Is The RWA DeFi Ecosystem An Underserved Market?

DeFiJun 13

Real World Assets (RWA) are currently among the fastest-growing ecosystems within the larger Decentralized Finance (DeFi) market. According to DeFi Llama metrics, there is over $4 billion in digital asset funds locked across RWA protocols such as Ondo Finance, Pendle and the Jellyverse ecosystem. This figure is up from $753 million in January 2023. But while the RWA ecosystem has witnessed remarkable growth over the past year, it is still one of the most underserved DeFi markets. A recent report by Citi estimates that the total addressable RWA market is in the trillions of dollars, with notable investment areas such…

Has rate-cutting season just begun?

RegulationJun 13

Welcome to the On the Margin Newsletter, brought to you by Ben Stack, Casey Wagner and Fexlix Jauvin. Here’s what we unpack in our inaugural edition: The European Central Bank has led the rate-cutting charge, even as the inflation rate across the pond remains high. Will the Fed take a page from its book tomorrow? Find out why more companies are buying bitcoin for their treasuries (hint: everyone wants an inflation-proof asset). Wednesday is a huge day with CPI figures dropping in the morning and the FOMC wrapping in the afternoon. Keep reading to know what analysts are saying and…

Solana DEX Drift to Airdrop 100M Tokens in Weeks

AltcoinsJun 13

Drift Protocol is conducting an airdrop of 100 million tokens and spinning up a token-based governance structure. A surprise winner of the highly anticipated announcement is MetaDAO. Its futarchy tech is being partly implemented in Drift. Solana-based decentralized exchange (DEX) Drift protocol plans to launch a DRIFT governance token and airdrop the asset to its users within weeks, according to Drift's website and people familiar with the matter. The new token follows a three-month points program that enticed traders, borrowers, lenders—and, of course, airdrop farmers—into Drift, one of the largest venues for trading perpetuals in Solana DeFi. But contributors to…

CySEC Hosts Virtual Sandbox Launch, Draws Financial Sector Stakeholders

LegalJun 13

The Cyprus Securities and Exchange Commission (CySEC) launched its Regulatory Sandbox on June 11, 2024, through an online event. This initiative signifies progress in financial, regulatory, and supervisory technologies such as FinTech, RegTech, and SupTech in Cyprus. Dr George Theocharides, Chair at CySEC and Chair of the Risk Standing Committee at ESMA More than 500 stakeholders from the financial sector participated in the virtual launch event. Attendees included representatives from regulatory bodies, financial institutions, and technologically innovative firms. They received information on the Sandbox's operational framework and its potential benefits for market participants. Following the event's conclusion, Dr George Theocharides,…

Do Tap-to-Earn Games Have a Future? Experts Weigh In

GameFiJun 13

In 2024, Tap-to-Earn clicker games like Notcoin and Hamster Combat attract millions of users eager to earn money through simple gameplay. BeInCrypto spoke to industry experts to determine whether this trend has a future or will be forgotten once the hype is over. What are Tap-to-Earn Games? Tap-to-Earn games involve players repeatedly clicking on a screen to achieve various goals, such as collecting resources, improving characters, or earning points and tokens. These games are part of the broader Play-to-Earn (P2E) GameFi sector, where players earn cryptocurrency through immersive gameplay. Some Tap-to-Earn games also incorporate social interactions, like competitions and cooperative…

Texas' Power Grid Needs Larger Increase Than Expected to Handle AI, Bitcoin Mining

MiningJun 13

Texas recently revised estimates of how much capacity its grid will need, citing demand from AI and bitcoin mining. The political climate towards these two industries is souring because of increased energy demands, while Trump is doubling down on his support for mining. Texas' grid will soon need to dramatically expand to meet growing demand from bitcoin miners and artificial intelligence data centers, while the political climate towards both these industries may be souring. Speaking to the Texas Senate Business and Commerce Committee Wednesday, Pablo Vegas, the CEO of the Electric Reliability Council of Texas (ERCOT), which manages the state's…

GameStop Stock Surges as Roaring Kitty Skewers Recent Losses

RegulationJun 13

Video game retailer GameStop saw a considerable rebound on Wednesday, closing up 22.8% after experiencing two consecutive days of significant losses. That followed last week’s spike amid the latest return of influencer Roaring Kitty (aka Keith Gill). After a challenging start to the week, GameStop's stock plummeted by more than 8% in early Tuesday trading. However, by the end of the day, it had surged, marking an impressive turnaround. This recovery can be attributed to several factors, including completing a major share offering and shifting market sentiment. Meanwhile, Roaring Kitty continued to poke fun at himself and the ongoing developments,…

MANTRA debuts incubator with $100,000 grant at Dubai World Trade Center

AltcoinsJun 13

MANTRA launches a new incubator in Dubai World Trade Center to advance Real World Asset tokenization, backed by an $11M funding round. The post MANTRA debuts incubator with $100,000 grant at Dubai World Trade Center appeared first on Crypto Briefing. MANTRA has unveiled its latest incubation program at the Dubai World Trade Center, following a successful $11 million funding round spearheaded by Shorooq Partners. The initiative aims to bolster the real-world assets (RWA) tokenization sector, particularly within the Middle East and North Africa (MENA) region, and includes the collaboration of Virtuzone, the United Arab Emirates’ premier corporate service provider. “We…

Thai SEC Greenlights Nation's First Bitcoin Fund Targeting Wealthy Investors

LegalJun 13

Thailand’s Securities and Exchange Commission (SEC) has approved the launch of the nation’s first spot Bitcoin exchange-traded fund (ETF), One Asset Management (ONEAM) announced. This move positions ONEAM at the forefront of offering the “ONE Bitcoin ETF Fund of Funds Unhedged and not for Retail Investors” (ONE-BTCETFOF-UI), specifically tailored for wealthy and institutional investors. According to local reports, the inaugural fund is slated for distribution from May 31 to June 6, bearing an investment risk level of eight. The fund will allocate investments across 11 leading global funds. These funds adhere to stringent international storage standards and have undergone rigorous…