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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.

Analysts Share Their Expectations on the Crypto Market and Prices

Analysts are predicting an increase in Ethereum price volatility ahead of this week's spot ETF application deadlines. Cobo COO Lily King warned of increased volatility and cautious market behavior as traders navigate uncertainties. “We can expect volatility to increase and the market to remain cautious ahead of the decision on spot ETH ETF applications this week,” King said. Presto research analyst Peter Chung echoed King's views in a report Monday. “Whether approval or rejection, we expect ETH volatility to increase as the May 23 deadline approaches,” Chung said. The first round of spot ETH ETF deadlines is approaching, with VanEck's…

Ethereum

MakerDAO unveils two new tokens in a major overhaul

The two new tokens teased by MakerDAO are NewStable (NST) and NewGovToken (NGT). NST replaces Dai and offers upgraded features while NGT replaced MKR and empowers broader governance participation. Existing Dai and MKR holders will have the choice to transition to the new tokens or continue using their current assets. MakerDAO, the decentralized autonomous organization that oversees the Maker Protocol, has announced the introduction of two new tokens – NewStable (NST) and NewGovToken (NGT). These tokens mark a significant milestone in MakerDAO’s evolution, offering enhanced stability and governance features within its ecosystem. NewStable (NST) token The NewStable (NST) token represents…

Altcoins

BingX Marks 6th Anniversary with Global Expansion Strategy

BingX, a prominent cryptocurrency exchange, celebrated its sixth anniversary on May 20 by announcing an ambitious global expansion strategy called “ExpansionX.” Under the theme “Amazing Six,” the exchange commemorated this milestone with a grand prize pool of 13 million USDT. Supporting 18 languages and a global user base of 10 million, BingX has strengthened its leadership with notable growth in perpetual futures trading volume and the listing of 750 tokens on its spot trading platform. The “ExpansionX” initiative aims to broaden BingX’s influence in the cryptocurrency industry, further solidifying its presence. Diverse Product Offerings and Technological Innovation Continuous Innovation and…

Exchanges

Why Did Bitcoin Plunge Today? Two Analysts Explain Their Forecasts and Expectations

Bitcoin briefly dropped below $60,000 for the first time in more than a month. It was noteworthy that the decline occurred before the halving, which is expected to occur in a short time. Bitcoin price fell as much as 5% to $59,888 before recouping some of its losses. This event, known as the “halving,” occurs every four years and has traditionally been seen as a positive catalyst for Bitcoin prices. This event reduces the supply of new tokens from the blockchain, theoretically increasing the value of existing tokens. However, concerns that the effects of the halving may have already been…

Bitcoin

Bored Ape Trader Who Bought 1% of the Supply in January Is Down Nearly $2 Million

How much worse could things get? In mid-January, perhaps convinced that the bottom was in, an anonymous NFT trader swept up over 100 Bored Ape Yacht Club NFTs once the collection plummeted to startlingly low prices not seen since 2021. But in crypto—and these days, especially in NFTs—things can always get worse. Since January, the entry-level price for Bored Ape NFTs has nosedived even further, leaving the unlucky trader with millions of dollars in losses, as spotted by pseudonymous crypto trader and influencer Cirrus over the weekend. Over the course of a few weeks in mid-January, the trader used popular…

NFT

Is the SEC’s expected spot ether ETF denial priced in?

Industry watchers seem to agree that if US regulators approve spot ether ETFs, it would be a bullish development for the asset. What’s more, they believe that even if these ETFs are not approved, the impact on the market will not be significantly negative. That is in part due to market participants’ low expectations that the Securities and Exchange Commission will approve such funds this time around. The SEC has until May 23 to rule on a proposed ETH fund by VanEck. Its deadline for a similar planned offering from Ark Invest and 21Shares is the next day. Segment observers…

Ethereum

Renowned CEO Reveals the Event That Could Bring Billions of Dollars to the Cryptocurrency Market: “Everyone Ignores But…”

In a recent statement, Coin Bureau CEO Nic Puckrin highlighted a potential catalyst in the cryptocurrency market that has been largely ignored. This catalyst involves cryptocurrency enthusiasts raising $14 billion in fiat money and potentially reinvesting that money into crypto. It's been nearly two years since FTX's collapse, and the landscape has changed significantly since then. The primary development is the bankrupt company's plan to repay 118% of all creditor dollar demands, a staggering $14.5 billion. This money will go to people who have already invested in crypto, according to the analyst. While some FTX creditors may choose to hold…

Regulation

USDT Stablecoin Supply on TON Blockchain Hits 130 Million in 2 Weeks

Since the introduction of USDT on the TON blockchain, the supply of this stablecoin has grown by over 70 million within just two weeks, totaling 130 million. While USDT operates across multiple blockchains, its presence on TON has positioned it as the eighth largest in terms of circulating supply. TON Blockchain Sees 70 Million Increase in Tether Token Supply Since its debut on the TON network two weeks ago, the tether (USDT) supply issued on TON has increased to 130 million. Initially announced at the Token2049 event in Dubai, it was projected that 60 million tethers would be issued at…

Altcoins

Which Altcoins Will Binance List? Here is the New Strategy!

While Binance, the world's largest cryptocurrency exchange, continues its altcoin listings at full speed, it significantly moves the price of the relevant altcoin with its listings. While investors were looking forward to Binance listing new altcoins, a new statement came from the exchange regarding the altcoin listing policy. At this point, Binance stated that it is considering listing cryptocurrencies that do not have a high market value but attract the attention of the masses. “Binance is committed to promoting a healthy and sustainable market environment and always putting our users' interests first. In recent months, we have observed a trend…

Exchanges

New CryptoPunks NFT Collection Unravels After Backlash to 'Woke' Artwork

CryptoPunks is arguably the most iconic and influential profile picture (PFP) collection in the NFT world, and after getting the project into museums, Yuga Labs has been trying to expand their entry into the art world by letting notable artists riff on the IP with the official Punks stamp. But the first effort, revealed Monday with the launch of a new Punks-branded NFT collection, faced immediate backlash from collectors and crypto observers alike—including claims of “woke” artwork, sometimes accompanied by personal attacks on the artist. Now Yuga is pivoting, and apparently abandoning future plans. Artist Nina Chanel Abney was previously…

NFT