Author: NBTC

Uncertainty is mounting in the crypto market ahead of this week’s Federal Open Market Committee (FOMC) meeting. Data from CoinGecko shows that Bitcoin (BTC) hit a low of $61,500 on Tuesday before bouncing back above $62,000 during the day. At the time of writing, BTC is trading at around $62,800, almost 15% lower than its record high of $73,700 set last Thursday. All eyes are set on the Fed’s interest rate decision in the next hours, which could affect Bitcoin’s price action. According to updated estimates from the CME FedWatch Tool, there is a 99% likelihood that interest rates will…

The odds of Ethereum exchange-traded funds (ETFs) being approved this May remain low, according to leading ETF analyst Eric Balchunas. According to a recent report by Barron’s, several ETF issuers have had meetings with the SEC regarding Ether ETFs. However, the regulator has yet to provide these companies with much-needed feedback. The SEC was engaging in a consent “back-and-forth” on the cusp of greenlighting Bitcoin ETFs earlier this year. However, it is not willing to actively engage with ETF issuers this time around, with discussions being mostly one-sided, according to a recent report by Barron’s. card The SEC is supposed…

Leading crypto platform CoinPedia Markets issues a prediction regarding the potential listing of Bone ShibaSwap (BONE), the ShibaSwap governance token and Shibarium gas fee, on Binance. According to a recent Medium post, CoinPedia Markets projected that Binance, which boasts a user base of over 170 million, could list BONE in 2024 alongside nine popular crypto assets, like Baby Dogecoin (BABYDOGE) and Saga (SAGA). 4 Reasons Why Binance Might List BONE This Year CoinPedia Markets highlighted four reasons that could propel Binance to list BONE on its trading platform. The analytic platform stated that BONE functions as the governance token of…

Gold bug Peter Schiff keeps riling up Bitcoiners amid the ongoing price crash. This time, the controversial market commentator took another jab at struggling Bitcoin ETF offerings, arguing that their buyers have to “watch helplessly” without being able to exit the market. Trapped in the middle of a crash Unlike the Bitcoin market, which operates globally 24/7, the liquidity of Bitcoin ETF is limited only to US market hours. Now that the market has crashed overnight, ETF buyers have no option to sell, and they have to wait until the market reopens in the morning. As reported by U.Today, the…

According to analysts, the options market has trended upward in the largest tranche of Ethereum options open interest by expiration date, with contracts expiring at the end of April. According to data from Deribit, approximately $3.3 billion in nominal ETH options will expire, with roughly two-thirds of that amount put into calls, indicating a bullish bias for the price. Jake Ostrovskis, a trader at Wintermute OTC, noted that call options are clustered between $3,700 and $4,000, indicating an uptrend in the market and underlying bullish sentiment. He added that current open interest skewness meant calls were trading at a premium…

Binance, a well-known centralized crypto exchange, has recently witnessed a significant development in terms of outflows. PEPE, a famous meme coin named PEPE has reportedly experienced an enormous outflow of up to 1.19 trillion tokens (equaling nearly $1.88 million). The latest reports have brought to the front that a trader is behind the respective outflow. 1 Trillion PEPE Tokens Leave Binance after the Trader Makes $8.13 Profit Some market onlookers have attempted to highlight the things related to the respective event. In this respect, Lookonchain (a popular on-chain statistics provider) took to its official channel on the social media platform…

Space Nation Online, an Ethereum-based sci-fi MMORPG built on the Immutable zkEVM scaling network, has announced a 10-week airdrop rewards event while the game is in closed beta. On Monday, players who held certain NFTs became eligible to receive “OIK shards” (effectively airdrop points) for Space Nation Online. Each day at 9:05 UTC, a snapshot of NFT holders will be taken and those players will receive their OIK shards, which can be converted to OIK tokens at a 10:1 ratio. OIK is the primary token for the wider Space Nation franchise. Space Nation was founded in 2019 by gaming industry…

Bybit, the third-largest cryptocurrency exchange renowned for its trading volume, has just launched a new campaign called the EUR Zero Fees Fiesta. Introduced on April 8, 2024, the initiative invites users from aroBybit offers zero-fee deposits and trading with EUR Zero Fees Fiestaund the world to leverage the potential of the Euro (EUR) within the cryptocurrency market and enjoy zero fees and exclusive rewards. EUR in Crypto As the Euro gains substantial momentum within the cryptocurrency sphere, Bybit is offering a prime opportunity for global users to delve into its possibilities. Running from April 8, 2024, 12:00 AM UTC, to…

The thematic ETF company recently filed for a new ETF that seeks to double inverse MicroStrategy performance. Defiance ETFs, a US exchange-traded fund (ETF) sponsor and registered investment advisor, has filed an application with the US Securities and Exchange Commission (SEC) to launch a 2x leveraged Ethereum futures ETF. According to Bloomberg ETF analyst James Seyffart, if approved, the ETF could start trading as early as the end of June under the ticker “ETHL.” Defiance ETFs just filed for a 2x leveraged #ethereum futures ETF. Will potentially trade under the ticker $ETHL pic.twitter.com/9Z6M6tcQ3V — James Seyffart (@JSeyff) April 8, 2024…

Shiba Inu has secured a spot on Forbes’ top 10 digital assets for investment in this bull run. Shiba Inu Identified as Worthy Investment by Forbes Renowned billionaire magazine Forbes has recently released its list of the top 10 cryptocurrencies worthy of investment in March 2024. The list ranked the digital assets based on their crypto market valuation, with Bitcoin and Ethereum taking the lead. Interestingly, Shiba Inu made it to the list as Forbes’ advisors see the asset as investment-worthy despite its meme-inspired origin. Forbes’ advisors highlighted Shiba Inu wielded a market cap of $24.4 billion as of March…