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.

ETH Price Fails to Challenge $4K Resistance but Promising Signs Appear: Ethereum Price Analysis

Ethereum’s price has recently experienced a massive spike following the news of its ETF being approved. While the trend is bullish, there is still one obstacle left, as the asset has failed to overcome the coveted $4,000 level. Technical Analysis By TradingRage The Daily Chart As the daily chart demonstrates, Ethereum’s price has been correcting in a large descending channel for the last few months. Yet, the asset finally broke the channel and the $3,600 resistance level to the upside last week, following the ETF news. The market is currently testing the $4,000 resistance zone, with the Relative Strength Index…

EthereumJun 4

VeChain Unveils Latest Technological Advancements for the Start of Q2

VeChain introduces VeBetterDAO, incentivizing sustainability on its blockchain platform. Marketplace as a Service (MaaS) simplifies NFT integration for businesses. Thor Update v2.1.1 enhances VeChainThor blockchain with improved features. VeChain, the blockchain platform renowned for its commitment to innovation and sustainability, has unveiled its latest technological advancements in the April tech update. The update showcases the progress made by VeChain’s development teams and offers a glimpse into the platform’s future endeavors. The latest instalment of our #VeChain tech update series is live! Check out what our dev teams have been working on, what's coming next for VeBetterDAO, & how we're advancing…

AltcoinsJun 4

Miners keep adding to BTC stockpiles in homestretch before halving

Companies have less than two weeks of mining bitcoin at the current per-block reward levels, and many aim to add to or maintain the BTC levels on their balance sheets. Mining rewards are set to drop from 6.25 BTC per block to 3.125 BTC as part of the upcoming bitcoin halving. The occurrence, which takes place every four years or so, is slated to land on or around April 20. Read more: The Bitcoin halving is just weeks away — here’s how miners have prepared Marathon Digital and Hut 8 have the biggest bitcoin piles among public mining companies, while…

BitcoinJun 4

Ether Inflows Hit Record Levels as ETF Hype Grows

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…

EthereumJun 4

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

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)…

BitcoinJun 4

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

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…

NFTJun 4

Four DEX Traders Earn $6.38M with Expert Swing Trading

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)…

EthereumJun 4

New Solana Network Update Scheduled for Late May

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…

AltcoinsJun 4

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

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…

BitcoinJun 4

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

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…

NFTJun 4