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.

Ether Inflows Hit Record Levels as ETF Hype Grows

EthereumJun 4

Insight from IntoTheBlock reveals that Saturday’s Ether (ETH) inflow of 140,660 ETH was its highest since January. The on-chain data provider noted that these high inflows to exchanges often signal sell pressure, with investors either taking profits or reacting to market fears. The amount of Ether flowing into exchanges hit the highest point since January! With a netflow of 140.66k $ETH on saturday, this marks the highest net deposits to exchanges in over 4 months. High inflows to exchanges are typically a sign of selling behavior, as people either… pic.twitter.com/XAesouv0XR — IntoTheBlock (@intotheblock) May 28, 2024 Nansen Intelligence data shows…

Bitcoin Buckles Below $69K as Crypto Bulls Endure $175M Liquidations

BitcoinJun 4

Bitcoin and ether dropped 4%, while SOL and DOGE lost 6%-7% in the past 24 hours. The move lower triggered the largest amount of leveraged long liquidations in a week, CoinGlass data show. Bitcoin (BTC) buckled below $69,000 as cryptocurrencies slid Tuesday, paring optimism after Monday's rally. BTC slipped as low as $68,580 from above $71,000. The largest cryptocurrency by market cap was recently priced near $69,000, down about 4% over the past 24 hours, CoinDesk data shows. The drop echoed through the crypto markets, with the broad-market CoinDesk 20 Index (CD20) losing 3.2% in the same period. Ether (ETH)…

Bitcoin Blockchain Records $3.82 Billion in NFT Sales, Secures Fourth-Largest Spot

NFTJun 4

Since the launch of Ordinal inscriptions, Bitcoin-based non-fungible tokens (NFTs) have proliferated, with the blockchain documenting $3.82 billion in NFT sales across more than 3 million transactions. Bitcoin has now ascended to the fourth-largest blockchain by total NFT sales. From Counterparty to Ordinal: Bitcoin NFTs Hit $3.82 Billion in Sales In the first week of June 2024, data revealed that the Bitcoin blockchain generated $3.82 billion from NFT sales. Although NFTs on Bitcoin were previously available through technologies like Counterparty, the introduction of Ordinal inscriptions has significantly increased the popularity of BTC-based NFTs, even amid a general decline in the…

Four DEX Traders Earn $6.38M with Expert Swing Trading

EthereumJun 4

Four smart DEX traders in 2024 showed superb swing trading skills and, on average, generated around $1,579,500 by trading ETH/WBTC. These traders with addresses 0x4198, 0x761c, 0xac4c, and 0xdc1C, made these trades in the random market and made good profits through proper entry and exit timing, according to Lookonchain. Share 4 smart DEX traders. They are good at swing trading and made a total of ～$6.38M by trading $ETH and $WBTC in 2024. 0x4198 bought 2,489 $ETH($6M) at $2,410 and sold 2,515 $ETH($7.12M) at $2,831, making $1.12M. 0x4198 bought 104 $WBTC($4.5M) at $43,426 and sold 104… pic.twitter.com/m15W7uml43 — Lookonchain (@lookonchain)…

New Solana Network Update Scheduled for Late May

AltcoinsJun 4

Solana is gearing up for a significant update, set to be released on May 27 for its mainnet beta. The version v1.18 is crucial in tackling the network’s ongoing congestion issues. The forthcoming v1.18 aims to bolster Solana’s infrastructure significantly. Solana’s Roadmap to V1.18 Update The congestion problems have recently worsened due to an increase in bot-driven transactions involving meme coins, leading to a spike in transaction failures. Solana’s development team has been actively implementing a series of upgrades designed to enhance network performance in response to these challenges. Notably, on April 13, in collaboration with Anza, a key infrastructure…

‘Asia’s MicroStrategy’ Rockets 90% After Revealing Bitcoin Plan

BitcoinJun 4

We do the research, you get the Metaplanet, a little-known investment firm trading on the Tokyo Stock Exchange, has announced plans to adopt Bitcoin (BTC) as its “core treasury reserve asset”—a move that nearly doubled its stock price. In a Monday tweet, the company confirmed that it had already deployed 1 billion JPY (or $6.56 million) toward the asset, representing nearly half of its total market capitalization at the time. “This strategic pivot is not just about embracing digital assets but also about pioneering a future where finance meets innovation at its core,” the company wrote. Following the announcement, Metaplanet’s…

Dapper Labs Reaches $4 Million Settlement in NBA Top Shot NFT Lawsuit

NFTJun 4

Dapper Labs, the company behind NBA Top Shot and other prominent on-chain collectibles, has settled a yearslong class action lawsuit with disgruntled customers who argued that Top Shot NFTs constituted illegally offered securities, court filings revealed Monday. As part of the settlement, Dapper will pay out $4 million to the suit’s plaintiffs, the company’s CEO, Roham Gharegozlou, told Decrypt. Those funds include monetary relief for the plaintiffs’ claims, and will also cover legal fees. In return, if the settlement is approved, the plaintiffs will forfeit any future right to claim that Top Shot NFTs are securities, per Gharegozlou. “The settlement…

ETF Store President Nate Geraci Announced the Start Date of Ethereum ETF Trading! Here are the Details

EthereumJun 4

ETF Store President Nate Geraci expressed uncertainty regarding the timeline for the U.S. Securities and Exchange Commission (SEC) to approve the spot Ethereum ETF registration statement. Nate Geraci: Uncertainty Remains Regarding US SEC Approval of Spot Ethereum ETF While approval is expected in the coming weeks or the next two to three months, the exact timing remains unclear and depends on how long the SEC decides to delay the process. Underlining the unpredictability of the SEC's actions, Geraci stated that the regulator has the authority to extend the approval period. “It's just a matter of how long the SEC wants…

Tangem Wallet Adds Shiba Inu As Payment Method

AltcoinsJun 4

Over a year after releasing a branded wallet for Shiba Inu, leading crypto hardware wallet provider Tangem has expanded its payment options to include SHIB. The crypto wallet provider recently announced that customers can now purchase the Tangem Wallet with cryptocurrencies, including Shiba Inu. Buy Tangem Wallet with crypto 🎉 We're thrilled to announce that we now support payment in selected cryptocurrencies including BTC, USDT, KAS, SOL, and SHIB. 💡You can now buy a crypto cold wallet with your crypto and securely store your assets in it. More details are in our… pic.twitter.com/QEKsbhYX57 — Tangem (@Tangem) April 23, 2024 In…

Anchoring AI on Public Blockchains Aids in Establishing a ‘Permanent Provenance Trail'

BlockchainJun 4

With artificial intelligence (AI) seemingly destined to become central to everyday digital applications and services, anchoring AI models on public blockchains potentially helps to “establish a permanent provenance trail,” asserted Michael Heinrich, CEO of 0G Labs. According to Heinrich, such a provenance trail enables “ex-post or real-time monitoring analysis” to detect any tampering, injection of bias, or use of problematic data during AI model training. Anchoring AI on Blockchain Aids in Fostering Public Trust In his detailed responses to questions from Bitcoin.com News, Heinrich—a poet and software engineer—argued that anchoring AI models in this way helps maintain their integrity and…