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.

Ethereum Futures Open Interest Hits All-Time High Following ETF Approvals

EthereumJun 3

Ethereum has experienced a significant increase since the U.S. Securities and Exchange Commission (SEC) approved a group of spot ether exchange-traded funds (ETFs). This week, ether reached a high of $3,980 per coin, which is approximately 18.4% below its all-time high. Amid fluctuating prices, ethereum futures markets have achieved a record high in open interest. Ether Futures Markets Reach Record Levels In the midst of the dynamic activity on ethereum spot markets, ether derivatives have also seen substantial demand. Ether futures open interest has reached unprecedented levels. Concurrently, the aggregated open interest (OI) in ethereum (ETH) options has been hovering…

Shiba Inu Ecosystem Sees Substantial Growth in Q1 2024

AltcoinsJun 3

SHIB led the Q1 rally with a 190% increase, followed by LEASH at 87% and BONE at 25%, indicating strong investor interest. Trading volumes in the Shiba Inu ecosystem soared by 416%, and active traders rose by 178%, reflecting growing market engagement. Collaborations with Zama and positive market developments contributed to the ecosystem’s strong performance in Q1 2024. The Shiba Inu ecosystem, renowned for its popular tokens like SHIB, LEASH, and BONE, saw substantial gains in the cryptocurrency market during the first quarter of 2024. Bitget, a global cryptocurrency exchange, reported increased trading activity, with volumes soaring by 416%. This…

How to Add Polygon to MetaMask?

BlockchainJun 3

In this article, we’ll show you how to add Polygon (MATIC) to MetaMask, which will allow you to use MetaMask to interact with the Polygon network just like you do with Ethereum. After you add the Polygon network to MetaMask, you will be able to store and send Polygon-based tokens and seamlessly use decentralized applications deployed on the Polygon network. The only thing you’ll need before you add Polygon to MetaMask is to install the MetaMask browser extension or mobile wallet. You don’t even need any tokens to get started, although having some MATIC tokens will be necessary if you…

Reveals Where He Thinks BTC Will Go From Here

BitcoinJun 3

Il Capo of Crypto, one of the most followed names in the cryptocurrency world and generally known for his bearish analyses, shared his new views with his followers after the decline in Bitcoin. BTC price has fallen approximately 4% today and is trading at $69,000 at the time of writing. In his statement, il Capo claimed that yesterday's upward movement was completely reversed and now all eyes are on below $60,000, a level he had previously announced. According to the analyst, liquidity in this region may be tested. However, in another newly shared chart, il Capo also touched upon his…

Why Ethereum Could Outperform Bitcoin, Reaching Nearly 15K per ETH, Explains Analyst

EthereumJun 3

Michael Nadeau, a prominent crypto analyst, recently provided an in-depth analysis of the current and future state of the cryptocurrency market, with a particular focus on Bitcoin (BTC) and Ethereum (ETH). Michael Nadeau is a well-regarded crypto analyst known for his work at The DeFi Report, where he provides in-depth research and analysis on decentralized finance (DeFi) and blockchain technology. Nadeau is particularly noted for his insights into the performance and valuation of blockchain networks like Ethereum. According to ETF experts at Bloomberg, ETH ETF flows are expected to represent about 10-20% of BTC ETF flows. This prediction is based…

Shiba Inu Identifies Key to Boosting Shibarium TVL, Trading Volume

AltcoinsJun 3

Shiba Inu has identified the popular liquid staking derivative platform K9 Finance DAO as the key to boosting Shibarium’s economic activities. This was disclosed in an X post yesterday, emphasizing that K9 Finance’s role as Shibarium’s official liquid staking partner would increase the network’s total value locked (TVL) and trading volume. Woof! @K9finance is the official Liquid Staking Derivative (LSD) for #Shibarium & is key to boosting the network's total Value Locked $BONE & trading volume! 🔐 https://t.co/BJYuGdnW6w — Shib (@Shibtoken) April 23, 2024 Can K9 Replicate Lido Finance Feat? Notably, the Shiba Inu team believes that K9 Finance can…

Chainlink could solve today's NYSE stock market glitch as Berkshire Hathaway appears down 99%

BlockchainJun 3

Trading on the New York Stock Exchange (NYSE) was abruptly halted today after Berkshire Hathaway’s Class A shares experienced a dramatic 99.97% drop in value. The equity last traded at $185.10, down from $627,214.90. The halt, coded as M, was triggered due to volatility, and the cause of the sudden decline remains unclear. In a related incident, a glitch at the NYSE operator caused volatility trading halts in about a dozen companies other companies, as reported by Bloomberg. This follows a recent pattern of technical issues affecting major exchanges. For instance, on March 18, the Nasdaq faced a three-hour disruption…

May NFT sales post worst performance since October

NFTJun 3

Global non-fungible token (NFT) sales totaled US$604 million in May, the lowest monthly performance since last October and the first month this year with sales below US$1 billion. Ethereum, the world’s leading blockchain for NFT sales with a historic sales volume of over US$43 billion, had US$164 million in sales last month, its lowest since September. The network must look even further back in time to match its latest number of unique buyers. Last month, Ethereum had 56,914 unique buyers, according to CryptoSlam data, the blockchain’s lowest NFT buyer count since June 2021. The NFT sales slump was also apparent…

$8 Billion of Ethereum (ETH) in 24 Hours: What's Happening?

EthereumJun 3

With the Ethereum ETF craze covering the cryptocurrency market like a fog, the activity of large holders is through the roof. More than $8 billion worth of ETH has been transferred between whales, which creates an interesting situation: the activity is here, but the price is not moving for now, consolidating at around $3,900. This amount of large transactions is remarkable. There have been more than 6,780 large transactions in the past 24 hours and a seven day high of 9,790 transactions, But for all the activity, the price of ETH has been relatively unresponsive. The chart reveals that there…

DOGE Army Issued Crucial Warning by Top Dogecoin Contributor

AltcoinsJun 3

A Dogecoin contributor known on social media as @Mishaboar has published an X/Twitter post to warn those users who are trading DOGE and smaller-market-cap meme coins. In particular, this warning is about trading meme cryptocurrencies that get suspiciously quick listings on crypto exchanges. Warning about meme coins surging in market caps quickly In particular, Mishaboar warned his followers about “tokens that go up to crazy market caps.” He elaborated that now there is “an explosion” in them as they are instantly getting listed on large exchanges (literally within days). He stressed that sometimes these exchanges list them despite obvious red…