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Author: 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.

Hedera Network Facilitates First Transaction of Tokenization of BlackRock’s ICS US Treasury Fund with Square and ArchaxEx

Hedera Network, along with Archax and Ownera, has facilitated the tokenization of BlackRock’s ICS US Treasury Fund, albeit without direct involvement from BlackRock. Despite a significant market response, clarity was restored after BlackRock confirmed its lack of direct participation, impacting Hedera’s (HBAR) cryptocurrency prices. A spokesperson from BlackRock has clarified, as reported by PANews via Binance News, that BlackRock did not play a direct role in the decision made by Archax and Ownera to tokenize BlackRock’s ICS Treasury Fund using the Hedera network. Moreover, BlackRock emphasized it has no business relations with Hedera nor has it selected Hedera Hashgraph for…

Altcoins

Binance listing rule update boosts small projects; RWA tokens thrive

Most cryptocurrencies around the market get traction due to their utilities, adoption, and popularity, and exchange listing plays a significant role. The Real World Asset (RWA) sector is one of the trending narratives within the crypto market, and it is getting a substantial number of eyeballs. This is pushing a few leading projects to get their hands on listing on the world’s biggest crypto exchange, Binance. Crypto exchange listing exposes crypto tokens to many users, investors, and traders, eventually pushing their value higher. As a result of the growing number of token holders, the position of respective tokens gets stronger…

Exchanges

Coin98 Announces Integration of Skate Testnet to Streamline Multi-Chain Interactions

Coin98, a decentralized finance solution offering diverse financial services on several blockchains, has announced an exclusive partnership. As per the platform, it is integrating Skate (a platform to provide unified liquidity) to make the Web3 mechanisms more user-friendly and accessible. The firm revealed this development on its official account on the social media forum X. 🌟Coin98 Super Wallet now integrates @skate_chain – the only universal application layer that empowers apps to run on 1000s of chains with one state. Update #Coin98 Super Wallet and Embrace Skate for #Multichances today! 👉 https://t.co/ZqQsRDmCC8 Read more about this… pic.twitter.com/X9Ktsintw8 — Coin98 Super Wallet…

Blockchain

Ethereum Soars Over 24%, Hits Two-Month High of $3,790

Ethereum surged 24.50% to $3,790, driven by ETF approval anticipation. US lawmakers urged the SEC to approve spot Ethereum ETFs. Traders are bullish, pushing ETH near $4,000 with strong market momentum. Ethereum (ETH) experienced a significant increase of 24.50% in the past 24 hours, reaching around $3,790, the highest level it has achieved in two months. This surge is largely driven by anticipation of a spot Ethereum ETF approval in the US, and traders’ hopes for further price hikes following the approval. A bipartisan group of US lawmakers has called on SEC Chair Gary Gensler to approve the spot Ethereum…

Ethereum

Grayscale Bitcoin Trust Withdrawals Hit Record Low—Has the Selling Stopped?

Grayscale Bitcoin Trust withdrawals on Wednesday dropped to their lowest daily level since the fund was converted into a spot Bitcoin ETF in January, prompting optimism that the fund will stop selling sizable chunks of Bitcoin as a result. Investors in the ETF only sold about $17.5 million worth of BTC, compared to well over $150 million per day over the previous three trading days. The sudden slowdown has some Bitcoiners on Crypto Twitter (aka X) excited that Grayscale has nothing left to give, which could relieve the broader Bitcoin market of a major source of sell pressure. Exactly three…

Bitcoin

Ethereum Price Prediction as SEC Approves Ethereum ETFs – Where is ETH Headed Next?

The Ethereum (ETH) price is trading choppy in late Thursday trade as in wake of news dropping that the US SEC has approved spot Ethereum ETFs, a spectacular u-turn that has shocked the market that, up until one week ago, was betting that Ethereum ETFs would be rejected this week. BOOM!! APPROVED! There it is. The SEC just approved spot #Ethereum ETFs. What a turn of events. It's really happening. h/t @PhoenixTrades_ pic.twitter.com/KQ39mDyCbT — James Seyffart (@JSeyff) May 23, 2024 The Ethereum price was last trading around $3,800. That’s down sharply from earlier session highs near $4,000, but also up…

Ethereum

A Major Leap Forward for Crypto Accessibility

Alchemy Pay has announced a significant collaboration with Linea, integrating the Linea blockchain into its ramp service platform. This integration is designed to streamline the process of transferring major virtual assets like ETH, USDT, USDC, and FOXY on the Linea network using local fiat currencies. By supporting transactions with over 50 local fiat currencies, this partnership not only extends Linea’s reach but also significantly simplifies the transaction process on its network, marking a notable advancement in blockchain accessibility. The partnership heralds a new era of convenience for users and developers within the Linea ecosystem. Through Linea’s ecosystem portal, stakeholders now…

Exchanges

Deutsche Bank tests Ethereum-based platform to mitigate margin compression

German banking giant Deutsche Bank AG views blockchain technology as a means to mitigate margin compression. A new report suggests that Deutsche Bank is testing an Ethereum-based platform whose name was not specified. According to the bank, the platform offers services centred around tokenized funds. Tokenization is the process of creating blockchain-based representations of real-world assets. Citigroup Inc. estimates the tokenization market could hit $5 trillion by 2030, covering bonds, property, and private equity. The bank will leverage this platform to offer record-keeping services to help tokenized fund issuers manage investor information. The platform is also interoperable, ensuring that any…

Blockchain

Remarks from Grayscale CEO, Who Was Accused of the Bitcoin Price Decline: “Almost There”

Michael Sonnenshein, CEO of cryptocurrency asset manager Grayscale Investments, suggested that outflows from the Grayscale Bitcoin Trust (GBTC) may be reaching a balance after months of investor sell-offs. Grayscale has struggled to maintain its market dominance since the U.S. Securities and Exchange Commission (SEC) approved the launch of Bitcoin ETF products from nine other applicant companies in January. Despite this, total outflows from Grayscale Bitcoin Trust (GBTC) in the last three months have exceeded $15 billion. However, the increase in Bitcoin's value caused Grayscale's assets under management to fall to just $23.13 billion, with a lesser impact. Sonnenshein believes the…

Bitcoin

Immutable’s Guild of Guardians knocks off NodeMonkes from top daily NFT sales spot

Guild of Guardians Avatars knocked NodeMonkes off the top spot on CryptoSlam’s daily non-fungible token (NFT) charts on Thursday. The Immutable game-linked collection led NFT sales with a daily sales volume of US$828,697, a 19% rise from US$696,862 the day before. NodeMonkes, the Bitcoin collection that led Wednesday’s sales, fell to the third spot as its sales dropped to US$756,950 from US$935,770. NodeMonkes earlier this week became the 26th best-selling collection in the industry with more than US$228 million in all-time sales. DMarket, a Mythos collection for in-game items from popular online games, came in second place with US$774,176, helping…

NFT