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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.

Lucky GameStop, AMC Traders Turn Thousands into Millions

Traders who were fortunate enough to have bought in early on the latest meme stock craze are making away with huge gains. Unusual Whales, which tracks trading data, posted on Twitter the activity of one trader who invested $27,000 in call contracts on April 24 when they were priced at $0.21 a pop. The contracts then peaked at $13.63, meaning the investment would have reaped gains of 6,400%—turning $27,000 into $2 million, according to the firm. Holy, this trader turned thousands into millions with GameStop, $GME. This $GME trader got $25 call contracts expiring 05/17/2024 at an average of $0.21,…

Regulation

Shiba Inu (SHIB) Lead Shytoshi Kusama Shares Epic Mysterious Teaser

In a move that has set the Shiba Inu (SHIB) community ablaze with speculation, the enigmatic figure known as Shytoshi Kusama, lead of the popular cryptocurrency, has dropped a cryptic teaser on social media. Kusama's latest post features a gif with the word "Evita," a Spanish variant of the name Eva, meaning "life" or "living one," according to various dictionaries. Adding fuel to the fire, Kaal Dhairya, a key developer in the Shiba Inu ecosystem, also shared a similar post with the same word. The SHIB community is now buzzing with theories and conjectures, ranging from the possibility of a…

Altcoins

SKUx and Visa Team Up to Turbocharge Digital Payments, Transforming Commerce for Merchants

SKUx, an innovator in digital instant payments, has entered into a strategic agreement with Visa, the global leader in digital payments. This collaboration is set to accelerate the digital transformation efforts of select merchants and consumer packaged goods (CPG) companies by utilizing SKUx’s payment-based offer solutions. These solutions are designed to enhance various client operations, including customer acquisition, loyalty programs, consumer care, and recovery processes. By implementing these solutions, the partnership aims to ensure a smooth, uninterrupted end-to-end consumer experience. This partnership marks a significant step for SKUx in revolutionizing the consumer offer industry, which is currently losing billions of…

Exchanges

The Sandbox's 'Hollywood Hills' Announcement Sets the Stage for Metaverse Expansion at Cannes

Amidst the glamour of the Cannes Film Festival, The Sandbox made a resounding statement with its debut in the film industry. This strategic move, blending elements of Web3 and cinema, promises to revolutionize the art of storytelling and redefine how audiences engage with entertainment. — Entitled "Hollywood Hills," the inaugural film venture represents a bold fusion of Web3 technology and traditional filmmaking. Through this collaboration, The Sandbox and visionary producers are spearheading a new wave of creativity and community involvement, bridging the worlds of NFT ownership, gaming, and cinema. Set to commence filming in early 2025, "Hollywood Hills" immerses viewers…

Metaverse

Is Ray Dalio Becoming Bitcoin Bull?

Ray Dalio, in a recent blog post, shared some insights that might suggest that he is edging toward a bullish stance on Bitcoin. Dalio points out what makes good money: a means to trade and a place to park wealth, accepted globally. Right now, the top contenders are the dollar, euro, yen and Chinese renminbi. But here's the thing: these are all tied to debt. That means when you are holding onto these currencies, you are actually holding onto promises of payment — debt liabilities. He highlights a simple truth: when the risk is high that debts will not be…

Bitcoin

Option Traders Are Preparing for Month End for Ethereum!

While many companies are applying for a spot Ethereum ETF, the time for the SEC to make a final decision on two applications is running out. At this point, the SEC has until May 23 and May 24 to decide whether to approve spot ETH ETF applications submitted by VanEck and ArkInvest/21 Shares. While analysts and investors believe the chances of the SEC approving spot ETH ETFs are slim to none, ETH option traders are also bracing for increased volatility in late May due to the strong possibility the SEC will reject ETF applications. Speaking to The Block, Wintermute OTC…

Ethereum

MicroStrategy to Be Added to Major Equity Index

The MicroStrategy (MSTR) stock has been added to the MSCI World Index, which captures large and mid-cap companies across 23 developed markets. The company's stock is up more than 105.44% since the start of the year, greatly outperforming Bitcoin. US companies account for more than 70% of the MSCI World Index. Japan and the UK come in second and third places, respectively (6.06% and 4%). When it comes to specific sectors, information technology is in the lead with a 23.22% slice of the pie. Financial, healthcare, and industrials are also in the lead. MicroStrategy's market cap currently stands at $23.02…

Regulation

AI Tokens Lead Crypto-Market Recovery as Nvidia Hits One-Month High

AI tokens such as RNDR, AGIX, FET outshine bitcoin by a wide margin. NVDA rallies to a one-month high as excitement builds around the chipmaker's impending earnings report. Native cryptocurrencies of blockchain projects supposedly using artificial intelligence (AI) have led the crypto market recovery in recent days, while shares of Nasdaq-listed chipmaker Nvidia (NVDA), the poster child for all things AI, also rallied. RNDR, the utility token of decentralized GPU-based rendering solutions, The Render Network, has surged almost 40% to $10.432 in seven days, the biggest gain among the top 100 cryptocurrencies by market value, according to data source CoinGecko.…

Altcoins

Alchemy Pay Boosts Hong Kong Spot ETF Access Via New Collaboration

Alchemy Pay announces collaboration with Victory Services to boost HK Spot ETF access Hong Kong Spot ETFs struggle to bring in capital influx Alchemy Pay, announced its collaboration with Victory Securities on May 16. The Singaporean payment gateway, connecting cryptocurrency with fiat currencies, provides services in 173 countries. The collaboration is aimed at enabling investors to access Bitcoin and Ethereum Spot ETFs through the platform, stated Alchemy Pay’s press release. Victory Securities, the first STF approved firm, provides trading and advisory services for investors. The firm recently announced the launch of its virtual asset trading app, VictoryX, through which investors…

Exchanges

Bitcoin Spot ETFs Register Five-Day Withdrawals Streak Ahead of Halving

The U.S. spot ETFs lost $4.3 million in outflows on Thursday, taking the five-day tally to over $319 million. GBTC again led the outflows, while inflows into BlackRock's IBIT continued to slow. The U.S.-based spot bitcoin (BTC) exchange-traded funds (ETFs) registered cumulative outflows of $4.3 million on Thursday, extending the four-day run of withdrawals ahead of the supposedly bullish mining reward halving. Since April 12, the ETFs have witnessed a total net outflow of over $319 million, with Grayscale's GBTC accounting for a large share of the withdrawals, provisional data published by Farside Investors showed. For instance, on Thursday, GBTC…

Bitcoin