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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.

Ethereum Layer 2 TVL Sets a New All-Time High at $47 Billion

The total value locked (TVL) of Ethereum Layer 2s have reached a historical record of $47 billion. According to the data posted by L2BEAT, the current TVL of all canonically bridged, externally bridged, and natively minted tokens on Ethereum Layer 2 networks is $47.45 billion, setting a new all-time high. Breaking down by networks, Arbitrum One leads the ranking and has a TVL of $19.3 billion. OP Mainnet comes the second with $7.88 billion. Base is ranked the third with $6.94 billion TVL. Other blockchains with a TVL exceeding $1 billion include Blast, Mantle, Linea, and Starknet. L2BEAT indicated that…

Ethereum

6 Cryptocurrencies to Watch Closely in the New Week and Why

According to analyst The DeFi Investor, as the cryptocurrency market enters the new week, there will be important developments in some altcoins and these should be followed closely. Here are the altcoin trends to watch in the new week: Ethereum Theme: OP, LDO, ETHFI Ethereum is starting to strengthen, which could bode well for related tokens such as OP, LDO, and ETHFI. Theta Network: THETA Theta Network is preparing to launch EdgeCloud on May 1. EdgeCloud is a hybrid cloud computing platform that could potentially impact the market and increase interest in THETA. Bitcoin: BTC The FED will announce its…

Altcoins

Sinohope’s Hbit Subsidiary Recovers Over 100% of Trapped Funds from FTX Collapse

Using its Hbit subsidiary, Hong Kong investment holdings business Sinohope, founded by Huobi (HTX) exchange co-founder Leon Li, would reclaim more than 100% of its trapped funds on the failing cryptocurrency exchange FTX. Sinohope’s Debt Investment Deal Secures Recovery A May 24 notice starting to circulate on May 28 says that Hbit has sold debt investment company Ceratosaurus Investors LLC $19.5 million worth of creditor claims. Sinohope has $18.1 million worth of deposits locked on FTX at the November 2022 crash date. The agreement suggests a 108% recovery percentage based on the assets of the company. The unreturned money greatly…

Exchanges

Bitcoin Could Start Its Rise to $75K Now! Current BTC Analysis

BTC continued its downtrend all the way to the green zone, making the move predicted in the “Will it start falling until halving?” analysis. Yesterday’s analysis gave readers a gain of more than 15%. The current BTC chart shows that the price has encountered buying from the green support range. BTC’s downtrend continued into the green zone as the move predicted in the “Will it start falling until the halving?” analysis materialized, with yesterday’s analysis showing a gain of more than 15%; currently, the price is trying to rally with buying from the green support range of $66,666 – $65,800.…

Bitcoin

Peter Brandt Goes Long on Ethereum, Predicts Breakout to $4,032

Legendary trader Peter Brandt opens a long position in Ethereum with a target of $4,032, leveraging a descending wedge pattern to predict a bullish breakout from $2,741. Peter Brandt, a seasoned trader and classical chartist, recently shared his current trades on social media, highlighting a notable bullish signal for Ethereum. Brandt, known for his adherence to classical charting techniques from Schabacker’s 1934 methods, focuses on swing trading by identifying and trading breakout patterns. According to an X post, his trading approach has a 55% hit rate, implying his method’s reliability. As a trader I'm a classical chartist (Schabacker, 1934) I'm…

Ethereum

Solana (SOL) Sees Massive Sell-off as Over $66 Million Transferred to Major Exchanges

In a flurry of activity that has caught the attention of crypto enthusiasts worldwide, over $66 million worth of Solana (SOL) has been transferred to major exchanges. The two transactions, tracked by the renowned blockchain monitoring service Whale Alert, indicate sizable movements in the Solana ecosystem. 🚨 🚨 249,110 #SOL (35,634,355 USD) transferred from unknown wallet to #OKExhttps://t.co/6U8T1EA0YP — Whale Alert (@whale_alert) April 28, 2024 According to Whale Alert’s tweets, a substantial amount of SOL has been shifted from unidentified wallets to two prominent exchanges. The first transfer saw 249,110 SOL, valued at $35,634,355, move from an unknown source to…

Altcoins

UK’s First Spot Bitcoin and Ethereum ETPs Begin Trading on the London Stock Exchange

The sixth-largest stock exchange in the world has officially begun trading Bitcoin (BTC) and Ethereum (ETH) exchange-traded notes (ETNs). According to the London Stock Exchange (LSE), today marks the launch of ETH and BTC ETN trading. “We are pleased to announce the launch of Crypto ETNs on the London Stock Exchange, effective 28 May 2024, welcoming products from WisdomTreeEU and 21Shares.” ETNs are a type of exchange-traded product (ETP) and are distinct from exchange-traded funds (ETFs) in that ETNs are debt-carrying vehicles tracking an index, and not backed by underlying assets. However, according to one of the approved ETP creators,…

Exchanges

How did Satoshi Think of Bitcoin?

The following is an essay originally published on Unchained.com by Dhruv Bansal, CSO and Co-founder of Unchained, the Official US Collaborative Custody Partner of Bitcoin Magazine.For more information on services offered, custody products, and the relationship between Unchained and Bitcoin Magazine, please visit our website. Click here to download a PDF of this 7,000 word essay on the origins of Bitcoin. Bitcoin is often compared to the internet in the 1990s, but I believe the better analogy is to the telegraph in the 1840s.[1] The telegraph was the first technology to transmit encoded data at near-light speed over long distances.…

Bitcoin

Ethereum (ETH) Rally Imminent? Analyst Predicts New All-Time High

Ethereum (ETH) is showing strong signs of an imminent rally, potentially reaching new all-time highs. This optimistic outlook was highlighted by prominent crypto analyst Jelle, who recently tweeted that ETH has broken out from the falling wedge and flipped its key areas into support. He mentioned that Ethereum is now pushing for $4,000 before potentially reaching a new all-time high. As of the latest data, Ethereum is priced at $3,904, reflecting a 2.66% increase in the past 24 hours. More impressively, the cryptocurrency has surged by 25.69% over the last 30 days. This robust performance has been accompanied by a…

Ethereum

Solana Advances Congestion-Alleviating Central Scheduler Feature to Testnet

Anza, a dev collective behind Solana, recommended the adoption of Agave v1.18.12 into the blockchain’s devnet and testnet. This new version of the mentioned client ships with a central scheduler that aims to reduce congestion by increasing fee collection and reducing conflicting transactions. Anza is calling for increased testing on this functionality. Anza Calls for Central Scheduler Testing on Solana Solana engineers are testing one of their definitive weapons to fight network congestion. Anza, a group of software developers behind the Solana client, has recommended the implementation of Agave v1.18.12 into the network’s devnet and testnet. The new version includes…

Altcoins