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.

Aave tops $20 billion in deposits amid record revenue and fee switch discussions

Aave community members are pushing for a fee switch proposal after the DeFi protocol’s annualized revenue reached new highs this week. On June 2, Matthew Graham, a member of the Aave liquidity committee, reported that the protocol was “averaging just over $80 million in annual revenue from seven Aave v3 & v2 deployments” across various blockchain networks, including Ethereum. Stani Kulechov, the founder of Aave, corroborated this milestone, stating: “Aave DAO is now earning $115 million annualized. Let that sink in.” This high revenue is not unexpected, considering CryptoSlate recently reported that Aave was one of the few decentralized applications…

DeFiJun 5

Did A Single NFT Purchase Change Washington's Mind on Crypto?

Valentin Pletnev is far from the best-known name in cryptocurrencies, but a scheduling snafu that kept him away from Donald Trump's recent Mar-a-Lago NFT gala might've dramatically rerouted U.S. cryptocurrency policy. Only select holders of Trump's NFT collection were allowed into the exclusive May event. Pletnev purchased one of those tickets as soon as he learned of the gathering – earning it by purchasing 100 Trump "Mugshot Edition" digital trading cards. "I thought it was hilarious because I'm not American," Pletnev, the German co-founder of Quasar Labs, which builds a decentralized finance protocol on the Cosmos blockchain, said in an…

NFTJun 5

Ethereum Set to Outperform Bitcoin in the Next Bull Market, Eyes For $10k

ETH ETF approval could attract $4 billion inflows in five months, says K33 Research. Ethereum (ETH) might outperform Bitcoin (BTC) in the second half of this market cycle. ETH price may rally to $10,000 if it surpasses the $4,000 mark, analysts predict. After the approval of the Ethereum ETF which directly holds ether (ETH) is soon going live in the U.S. Meanwhile, crypto analytics firm K33 Research report suggests that ETH ETF could attract $4 billion in inflows within the first five months. K33 Research made their prediction by looking at how much money is managed in existing ETH-based exchange-traded…

EthereumJun 5

New $67 Million Cryptocurrency Case from the US Department of Justice: One Person Arrested!

A new one has been added to the cryptocurrency cases in the USA. At this point, the US Department of Justice alleged that Bill Guan, CFO of the New York-based media publication Epoch Times, committed $67 million in money laundering using cryptocurrencies. The DOJ alleged in the lawsuit that Guan led a team called “Make Money Online (MMO)” that was accused of purchasing proceeds of crime with cryptocurrencies to benefit the media company. Allegedly, the funds were then transferred to bank accounts associated with Epoch Times by MMO members and other participants who opened various accounts using the stolen personal…

LegalJun 5

Top Analyst Predicts Bitcoin (BTC) Price to $220K Pre-Halving

The price of Bitcoin (BTC) returned to the $72,000 price mark after more than three weeks of trading below the price point. Drawing on the current rally, top market analyst Gert van Lagen has tipped the coin to soar to $220,000 before the next halving event. Bitcoin and its potential 11-day miracle According to a projection from Gert van Lagen, Bitcoin has what it takes to jump as high as 204% from its current level to hit the $220,000 price target in 11 days to halving. While the volatility on the market supports this kind of growth, headwinds also lie…

BitcoinJun 5

Solv Protocol Integrates with Ethena to Boost Bitcoin Yield Prospects

The industry-leading DeFi platform Solv Protocol, which offers yield and liquidity prospects across major assets, has announced a historic integration with Ethena. For Bitcoin-based assets, which have traditionally lagged behind Ethereum and other EVM-compatible chains in this regard, this alliance marks a significant step toward introducing substantial yield-earning prospects. In its yield market, Solv Protocol will introduce the “SolvBTC Yield Vault – Ethena” as a result of the cooperation. This will allow users to deposit SolvBTC and earn from Ethena’s strategies while still having exposure to Bitcoin. The distribution of yields will take place in Bitcoin, which creates returns via…

DeFiJun 5

Ethereum Price Stuck in a Rut but Poised for an Exciting Upside Break

Ethereum price is struggling to clear the $3,840 resistance zone. ETH could gain bullish momentum if it clears the $3,840 and $3,880 resistance levels. Ethereum is holding gains above the $3,720 level. The price is trading above $3,750 and the 100-hourly Simple Moving Average. There is a connecting bullish trend line forming with support near $3,760 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a fresh increase unless there is a close below the $3,720 support. Ethereum Price Holds Support Ethereum price declined again below the $3,760 support zone. ETH retested the $3,720 support…

EthereumJun 5

Neo launches Neo X Beta TestNet, more information on GAS utility revealed

Neo has launched the Neo X Beta TestNet, bringing with it a new set of features as progress towards the MainNet launch continues. The latest iteration features multi-node governance capabilities in addition to an enhanced, bi-directional bridge between Neo N3 and Neo X. The Neo X Beta TestNet features major interoperability and governance upgrades, helping to better define the usage of the network’s only native asset, GAS. Unlike the dual NEO/GAS token model of Neo N3, Neo X will use GAS as both the governance and utility token. GAS will only ever be generated on the Neo N3 network as…

AltcoinsJun 5

Legal expert discusses how US political climate could redefine crypto regulations

Crypto.news recently spoke with Bing Wang, Head of Legal at BasedVC, who shared his perspectives on the political ascent of cryptocurrencies and the upcoming regulatory transformations. As the 2024 U.S. elections approach, the political landscape around cryptocurrencies is undergoing major changes. Surprising alliances are forming in Congress, with crypto-friendly laws gaining bipartisan support. Key figures like Chuck Schumer and former House Speaker Nancy Pelosi, who have traditionally held differing views, are now emerging as unexpected allies. The Biden administration has begun to show a newfound openness with crypto policy, suggesting that skeptics like Senator Elizabeth Warren may soon find themselves…

LegalJun 5

Bitcoin faces selling pressure nearing halving event: Bitfinex report

Selling pressure from long-term and short-term holders contributes to bitcoin price fluctuations nearing the next halving event. Bitcoin faces selling pressure nearing halving event: Bitfinex Bitcoin (BTC) has shown considerable price volatility recently with fluctuations around the $70,000 level as holders realize profits, according to the latest “Bitfinex Alpha” report. Both short-term (STH) and long-term holders (LTH) are shedding a part of their positions as the next halving event approaches. “Bitcoin is currently experiencing a consolidation phase, navigating a sideways range between $65,000 (range low) and $71,000 (range high). This movement indicates that the price is beginning to stabilize, even…

BitcoinJun 5