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.

GameStop Stock, Meme Tokens Surge as User ‘DeepFu*kingValue’ Returns to Reddit

RegulationJun 5

Keith Gill, known for the GameStop short squeeze of 2021, posted his GME options positions on Reddit, sparking a speculative frenzy in meme tokens and related equities. Gill's social media activity has significantly influenced markets, with recent posts leading to rallies in various assets, including cat-themed meme tokens and shares of the videogames retailer. Speculative frenzy drove prices of some meme tokens and Gamestop (GME) shares higher Monday after influential retail trader Keith Gill, known for the GME short squeeze of 2021, posted on his Reddit account for the first time in three years. Gill, via his “DeepFu*kingValue” alias, posted…

VeChain’s April Activity Marks Project as One of the Most Bullish RWA Project

AltcoinsJun 5

VeChain’s April surge highlights milestones in sustainability and blockchain innovation. Over 3 million wallet holders mark VeChain’s widespread adoption. VeChain integrates sustainability with community engagement, driving real-world impact. VeChain, the renowned blockchain platform, witnessed a remarkable surge in its activity this month of April. The output from the project underscores its prominence as one of the leading projects in the industry. 🚀 April ignites with explosive growth for #VeChain! 🌟 🔹 Over 3M $VET wallet holders mark a new record, showcasing massive adoption! 🔹 The #Vorj no-code platform sees major enhancements alongside an upgraded VeChain SDK, fueling token innovation. 🔹…

India Springs Election Surprise, Sends Equity Market Crashing With Uncertain Implications for Crypto

LegalJun 5

India's election results are underwhelming for Prime Minister Narendra Modi's ruling party. If Modi is able to persuade his allies to stay, the government will continue, albeit with less power. Crypto was at best a negligible issue for voters and certainly not a political talking point during campaigning in the world's largest democracy. India's voters sprung an election surprise on Prime Minister Narendra Modi's party, awarding it a smaller share than forecast in preliminary results, sending stock markets crashing and likely pushing crypto legislation further into the future. While Modi's Bharatiya Janata Party (BJP) and its allies are poised to…

Bitcoin’s Realized Cap Hits Record $540 Billion

BitcoinJun 5

According to Glassnode, a leading provider of on-chain and financial metrics, the Realized Cap metric offers a fundamental way to monitor the total USD liquidity held within the Bitcoin asset class. Currently, the Realized Cap has surged to a new all-time high (ATH) value of $540 billion. It marks a significant milestone in the cryptocurrency market. We can employ the fundamental Realized Cap metric to track the cumulative USD liquidity ‘stored’ within the #Bitcoin asset class. Currently, the Realized Cap resides at a new ATH value of $540B, and is increasing at an unprecedented rate of over $79B/month. pic.twitter.com/rw2ridVjHh —…

Clearpool Announces Results of Epoch Voting for Oracles

RegulationJun 5

Clearpool, a decentralized credit marketplace, has released the results of its latest Oracle voting round, which concluded on May 31, 2024, and the outcomes were implemented as of June 3, 2024. This round saw the participation of 12 Oracles, voting on three critical parameters that will define Clearpool’s interest rate curve for AA-rated borrowers. These parameters include Y0 (interest rate at 0% utilization), Ym (interest rate at Xm, the optimal utilization rate), and Y1 (interest rate at 100% utilization). The Oracles whose votes fell within the selected range were deemed successful and included in the weighted average calculation, while those…

XRP Spikes 6% as Wallets Holding 1M+ Tokens Near Record High

AltcoinsJun 5

XRP recently spiked by as much as 6% amid the market rebound, with the number of addresses holding at least 1 million tokens inching closer to a record high. The broader market resurgence has provided a platform on which several assets can stage a comeback. XRP is one such asset, having recently recovered from the drop to $0.4235. XRP’s move toward recouping the recent losses saw it rally to a high of $0.5303 on April 20, the day of the Bitcoin halving, before facing consolidation. XRP’s Recent Price Movements However, following a 0.91% drop the following day, XRP engineered a…

FTX Might Settle Its $24 Billion IRS Tax Bill for $200 Million

LegalJun 5

Bankrupt cryptocurrency exchange FTX might be able to settle a $24 million claim from the U.S. Internal Revenue Service (IRS) for $200 million. This settlement is still pending court approval, but would resolve one of the thornier disputes and bigger claims amounting to billions of dollars. FTX, once a prominent player in the cryptocurrency market, filed for Chapter 11 bankruptcy in November 2022 following a dramatic collapse. The company faced a liquidity crisis triggered by a surge in customer withdrawals and revelations of financial mismanagement. At its peak, FTX was the third-largest cryptocurrency exchange globally, but the fallout exposed a…

3 Bitcoin Mining Pools Wield 69% of Total Hashrate Discovering 301 Blocks in 72 Hours

MiningJun 5

Figures reveal that over the preceding 72 hours, three bitcoin mining pools discovered more than 69% of the 436 blocks found during that period. Foundry USA and Antpool, two industry titans, command a formidable 55.5% of Bitcoin’s total computational power. Foundry Dominates Bitcoin Mining in 12-Month Period, Discovers 15,651 Blocks Out of 53,528 In the aftermath of the halving event, the concentration of bitcoin mining pools persists, with the total hashrate dipping below the 600 exahash per second (EH/s) threshold. Data compiled by btc.com reveals that Foundry’s mining pool, boasting 168.05 exahash per second (EH/s) of hashpower, secures a substantial…

Institutional Investors Are Flowing Money into Bitcoin (BTC) and These Two Altcoins!

RegulationJun 5

While the leading cryptocurrency Bitcoin has been following a horizontal course in recent weeks, it has been oscillating between $ 67,000 and $ 68,000. While the overall upward expectation in the market continues, Coinshares published its weekly cryptocurrency report. Stating that there was an inflow of 185 million dollars in cryptocurrency investment products last week, Coinshares said that the inflows from the beginning of the year to date have exceeded the limit of 15 billion dollars. Sentiment on Ethereum (ETH) Has Changed! When looking at crypto funds individually, it was seen that the majority of fund inflows were in Bitcoin.…

Stellar CEO’s Ambition for Email-Equivalent Money Movement

AltcoinsJun 5

The Stellar network recently morphed into a smart contract-enabled layer-one chain to support web3 project development. The Stellar ecosystem is backed by reputable web3 investors, thus bolstering the XLM’s bullish outlook. The Stellar (XLM) network has grown to a mature web3 ecosystem, with more than 81k onramp locations globally. Having issued more than 255 grants in the past two years, the Stellar network has attracted first-class web3 developers. Furthermore, the Stellar network is currently home to dozens of web3 protocols including ZettaBlock, Bank Protocol, Block Daemon, Allbridge, and Validation Cloud, among many others. As Crypto News Flash previously reported, the…