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.

Binance poised for liquidity issues as inter-trading bots go offline

Binance has witnessed a significant plunge in trading volume associated with trading robots, which have been crucial in stabilizing liquidity. What happened to #Binance? Have all the robots gone on strike?@binance @_RichardTeng pic.twitter.com/2bSfiGxBbn — CoinGlass (@coinglass_com) May 28, 2024 CoinGlass shows top digital tokens have lost up to 97% of their trading volume. Pepe dropped more than 97.5%, Dogwifhat 95.43%, while Solana lost 88.91%. The substantial trading volume dips will likely create liquidity challenges. While the reason behind the development remains unclear, the failure of bots that balance the market possibly contributed. Traders use these robots for various functions, including…

ExchangesMay 29

Automata Partners with Puffer Support to Work on Its SGX-Based Secure-Signer

Automata Network, a well-known forum offering private web facilities to Web3-based dApps, has recently announced an exclusive development. As per the company, it has joined forces with Puffer Finance (a restaking instrument that streamlines liquid restaking procedure) to operate on Secure Signer. The company took to X to reveal the news of this collaboration. Very happy to be working with @puffer_finance on Secure-Signer to protect staking workflows using secure hardware ✧ Secure-Signer leverages Trusted Execution Environments (TEEs) and is the recipient of an @ethereum foundation grant. Tap in ↓https://t.co/Ne5uefiiL6 — Automata Network – 2.0 (@AutomataNetwork) May 27, 2024 Automata and…

BlockchainMay 29

Who Will Be The Next Spot Bitcoin ETF Issuer To Support BTC Developers After Bitwise And VanEck?

Of the 11 financial institutions that issued spot Bitcoin ETFs in January 2024, only two — Bitwise and VanEck — have pledged to donate a percentage of their profits to open-source Bitcoin development. Regardless of whether large holders are harassing ETF sponsors for funding core dev, the real question is - why are only @BitwiseInvest and @vaneck_us doing so? Bitcoin is an ongoing project and core dev continues to be underfunded — nic "bankful" carter (@nic__carter) April 10, 2024 In considering the logic behind Bitwise and VanEck’s decision to donate to developers who maintain and update the Bitcoin protocol, it’s…

BitcoinMay 29

The Madeira, Lisbon, & Manchester NFTs

Main Takeaways Forever Worldwide: The Road to Saudi Arabia starts where it all began for Cristiano Ronaldo’s football journey: Madeira, Lisbon, and Manchester! The newly released Madeira, Lisbon, and Manchester NFTs provide an innovative way to engage with Cristiano Ronaldo's early football story and are available for purchase now. Purchasing these Normal NFTs not only grows your collection but brings you real utility and rewards. If you’re one of the 25 fastest eligible users to collect two NFT locations, you could earn even more - a vintage football jersey! Purchase the NFTs on the Binance NFT Marketplace. Register for a…

NFTMay 29

Retail traders dominate the action on Ethereum as the ETF narrative takes over

The Securities and Exchange Commission (SEC) approved, on May 23, securities exchanges’ listing of Ethereum (ETH) spot exchange-traded funds (ETFs). ETH’s price surged following the news as related keywords started dominating the cryptocurrency space. However, Vini Barbosa spotted divergent data on Santiment’s Sanbase Pro charts, suggesting retail traders currently dominate the Ethereum market. In particular, Ethereum’s social dominance reached year-over-year highs at 14.21%, strongly dominating other cryptocurrencies in social indicators. This index alone usually suggests retail traders are the protagonists in the current action, and whales have previously opened positions. Additionally, a key on-chain metric of network activity made one-year…

EthereumMay 29

LandRocker’s LRT token debuts on MEXC and Uniswap amid game launch

LandRocker, a play-to-earn (P2E) space exploration game, has announced that its native token, LRT, is now available on MEXC and the decentralized exchange (DEX) Uniswap (UNI), according to the information shared with Finbold on May 28. This launch coincides with the game’s launch, aiming to redefine standards for Web3 gaming releases. Central to the LandRocker economy, the LRT token went live following a highly successful presale that raised $2.8 million, signaling strong investor confidence and enthusiasm for the game. Plans are underway for additional listings on major centralized exchanges such as Bybit, KuCoin, and Gate.io. LandRocker gameplay LandRocker combines strategic…

ExchangesMay 29

Mercuryo Announces Injective Integration with INJ Support

Mercuryo, a popular platform offering cutting-edge financial services regarding fintech and Web3 applications, has announced a new integration. As per the company, it has integrated Injective (a prominent blockchain forum) to revolutionize the future of the financial sector by offering a seamless experience for developers and users. The platform took to Its official X account to announce this development. 🚀Shaping the future of finance with @injective! Mercuryo is now natively integrated with Injective, enabling users and developers to seamlessly on-ramp into $INJ and dApps built on Injective using all popular payment options. Explore the future of web3 finance with Injective……

BlockchainMay 29

Bitcoin (BTC) Price Tumbles $6K, Liquidations Skyrocket to $500M in 1 Hour

Bitcoin’s price failed to overcome the $71,000 level decisively today, and the subsequent rejection pushed the asset south hard, dumping to around $65,000. The altcoins have suffered even more, with numerous double-digit losses from the likes of XRP, SOL, DOGE, TON, ADA, and many more. CryptoPotato reported earlier BTC’s attempts to overcome $71,000, which had little success. The bears managed to intercept the moves and pushed the cryptocurrency south to around $70,000. However, that was just the beginning of Bitcoin’s red Friday. After a recent warning that the situation could worsen soon, the asset’s price plunged to a weekly low…

BitcoinMay 29

Game NFTs rank in the top 3 for daily sales; Fantasy Top leads with US$831K

Fantasy Top surged to the top of CryptoSlam’s non-fungible token (NFT) leaderboard, generating over US$831,530 in daily sales on Tuesday. The previous day’s sales for Fantasy Top stood at US$362,773. Fantasy Top is a collection on Blast, an Ethereum layer-2 by Pacman, the founder of the Blur NFT marketplace. The project is a trading card game based on crypto influencers on social media. Tuesday’s top sellers were all connected to NFT games, with the second-highest performing collection being DMarket, a Mythos-based collection for in-game NFT items of popular online games. Its sales reached US$705,194, a slight increase from the previous…

NFTMay 29

How Much ETH Will Spot Ethereum ETFs Buy? Will Bitcoin’s Performance Be Seen? Bloomberg Analysts Explained

Bloomberg ETF analysts James Seyffart and Eric Balchunas expressed optimism about the potential demand for spot Ethereum ETFs. In an interview hosted by Bitwise, Seyffart stated that he expects Ethereum ETFs to see 20% to 25% of the demand experienced by spot Bitcoin ETFs. Balchunas estimates that demand will be around 15% to 20%. Seyffart's estimate, which he calls a “discount,” is based on the fact that Ethereum's market cap is about 30% of Bitcoin's $1.4 trillion market cap. He attributes the difference in demand to the limitations of each product. Unlike Ethereum holders, Ethereum ETF investors will not be…

EthereumMay 29