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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 ETFs Awaiting Decision This Week: Why Are Regulators Hesitant?

Cryptocurrency industry is eagerly anticipating May 23, when the US Securities and Exchange Commission (SEC) is set to announce its decision on VanEck’s spot ETH exchange-traded fund (ETF) application, followed by ARK 21Shares’ on May 24. Besides VanEck, six other companies, including Ark Investment, Grayscale, Franklin Templeton, Invesco Galaxy, and BlackRock, have submitted applications, with Grayscale withdrawing its application at the beginning of May. Approval of Ethereum ETFs would mean more institutional investment and the entry of significant market players. It could boost the market’s liquidity, which usually leads to more stable prices, making Ether more appealing to investors. Additionally,…

Ethereum

BlackRock's Bitcoin ETF Aiming for Record-Breaking Inflow Streak

According to a chart provided by Eric Balchunas, Bloomberg's senior ETF analyst, BlackRock's iShares Bitcoin ETF (IBIT) has managed to secure 64 consecutive days of inflows. Fidelity's inflow streak ended at 63 days on Friday as it took in $0. $IBIT still alive w/ 64 days and looking to tie $USMV tonight for 14th spot all-time. Can it still take in cash despite this wknd's volatility (altho much of it rebounded so ETF invs none the wiser)? We'll… https://t.co/6fDTfDCD1Q pic.twitter.com/CDdLjflfPE — Eric Balchunas (@EricBalchunas) April 15, 2024 IBIT now has the 14th longest streak among all ETFs after recently surpassing…

Bitcoin

$100M in ETH liquidated in 24 hours

Ethereum (ETH) experienced a dramatic 17% surge within 24 hours, reaching $3,645 and causing a frenzy in the cryptocurrency market. This surge led to significant liquidations, with Ethereum leading the pack. Liquidations totaled $114.47 million, including $29.98 million in longs and a substantial $84.50 million in shorts, highlighting the asset’s volatility and market dominance. On May 21, ETH soared to an intraday peak of $3,691 per coin. According to the data from Santiment , ETH’s trading volume has totaled $37 billion, representing its highest since March 5. Ethereum’s recent rally to a two-month high was largely influenced by Bloomberg analysts…

Ethereum

K9 Finance Shares Development Update on Mobile Version of ‘Bone Crusher’

K9 Finance introduces Bone Crusher, a mobile liquid staking app for Shiba Inu’s DeFi ecosystem. Bone Crusher’s user-friendly interface and dynamic features aim to streamline staking processes, contributing to Shibarium’s TVL growth. Anticipated launches of Bone Crusher on Shibarium mainnet and version 2 promise enhanced functionality. K9 Finance recently unveiled an update of the mobile version of its liquid staking application, Bone Crusher, designed for Shiba Inu’s decentralized finance (DeFi) ecosystem. The update, made through a post on X, showcased the app’s functionality including a dynamic interface tailored for mobile users seeking to engage with the ShibaSwap platform on the…

Altcoins

FTX Bahamas Penthouse for Sale

A lavish penthouse atop the Orchid building in Nassau, Bahamas, is set for sale as part of the ongoing liquidation of assets belonging to bankrupt cryptocurrency exchange FTX. This opulent property, once the headquarters of FTX co-founder Sam Bankman-Fried, stands as a symbol of the company’s meteoric rise and swift downfall. Real estate experts believe FTX overpaid for its Bahamian properties, creating a bubble market. Nassau’s developer, Jason Kinsale, and real estate appraiser, Robin Brownrigg, anticipate challenges in recouping the original investments. For example, a similar apartment in the same building recently listed for $29 million, indicating losses after taxes…

Exchanges

The mining CEOs remain positive in view of the halving.

As the Bitcoin network approaches the next halving event, expected in just five days, the mood of the CEOs of the major public Bitcoin mining companies remains surprisingly optimistic, despite a year of underperformance compared to Bitcoin itself. This optimism is reported by analysts at Bernstein, who highlight the ongoing market share consolidation and new application opportunities that could redefine the mining landscape. Market dynamics and implications of halving for industry leaders A financial and technological perspective Economic perspectives and geopolitical impact and conclusions Market dynamics and implications of halving for industry leaders Bernstein analysts Gautam Chhugani and Mahika Sapra…

Bitcoin

25,000 ETH Lands on Robinhood: What's Happening?

In a significant move, 25,000 ETH have been transferred from an unknown wallet to the popular trading platform Robinhood. This substantial move, valued at nearly $92.1 million, has sparked significant speculation and discussion among investors and analysts. The 25,000 ETH move was made in two transactions, indicating a purposeful and deliberate action. The wallet involved in the transfers was previously unknown, making it difficult to determine the funds' origin or owner. Crypto data tracker Whale Alert has reported two transactions involving 12,500 ETH worth around $46 million each, which were moved from the same unknown wallet to Robinhood. 🚨 🚨…

Ethereum

226 Million DOGE Withdrawn From Robinhood by Mysterious Whale's Hand

While the Dogecoin price has been plummeting since the weekend, a mysterious DOGE whale has stocked up on a large amount of the biggest meme cryptocurrency. Two massive transactions have been spotted by popular blockchain tracker Whale Alert as hundreds of millions of DOGE have been shoveled from the exchange to an unknown wallet. 226 million DOGE scooped up by whale According to tweets recently published by Whale Alert, over the past 24 hours, an anonymous cryptocurrency whale removed two large crypto chunks from Robinhood. These transactions carried 150,000,000 and 76,316,694 DOGE, making it more than 226 million Dogecoin in…

Altcoins

Hong Kong’s crypto exchange HashKey announces support for Solana

The international arm of Hong Kong’s HashKey crypto exchange has added SOL to its basket of supported assets. International crypto exchange HashKey Global, launched by HashKey Group, is expanding its list of supported assets by adding Solana (SOL) in a bid to attract more customers around the globe. In the latest press release, the exchange said it will launch spot trading for the SOL/USDT pair on May 24 at 10:00 (UTC). The latest addition expands the list of supported assets on HashKey like Bitcoin (BTC), Ethereum (ETH), and Dogecoin (DOGE) among others. The trades are not available for users in…

Exchanges

Aura Network Unveils Aura EVM to Offer New Possibilities to Web3 Developers

Aura Network, an L1 providing open infrastructure with the use of modular technology stacks, has announced a new project. The platform is reportedly unveiling Aura EVM to increase the possibilities facilitating the developers in the Web3 sector as well as increase its adoption. On its official X account, the company disclosed insights into the project. 𝗜𝗻𝘁𝗿𝗼𝗱𝘂𝗰𝗶𝗻𝗴 𝗔𝘂𝗿𝗮 𝗘𝗩𝗠: 𝗘𝘅𝗽𝗮𝗻𝗱𝗶𝗻𝗴 𝗣𝗼𝘀𝘀𝗶𝗯𝗶𝗹𝗶𝘁𝗶𝗲𝘀 𝗳𝗼𝗿 𝗪𝗲𝗯𝟯 𝗗𝗲𝘃𝗲𝗹𝗼𝗽𝗲𝗿𝘀 Since its inception, Aura has led the way in the permissioned CosmWasm app chain space, with a strong focus on NFT and mass adoption solutions. We've… pic.twitter.com/feZY33kXhE — Aura Network (@AuraNetworkHQ) May 23, 2024 Aura Network Releases…

Blockchain