Author: NBTC

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.

$300,000,000,000 in ‘Boomer Cash’ Coming In to Crypto Space, Says Morgan Creek’s Mark Yusko – Here’s When

The chief executive of investment firm Morgan Creek Capital says that the digital asset industry is set to be inundated by hundreds of billions of dollars coming from the baby boomer generation. In a new interview with crypto influencer Scott Melker, Morgan Creek Capital CEO Mark Yusko says that within the next 12 months, he expects asset managers who manage funds for boomers to put $300 billion into the crypto space. “We have a pretty significant demand shift and it hasn’t fully played out, in fact it hasn’t even come close to fully playing out… I believe in the next…

BitcoinMay 8

Grayscale's ETHE Discount Steadies as ETF Decision Deadline Looms

As a key May deadline for spot Ethereum exchange-traded fund (ETF) applications in the U.S. draws closer, shares of Grayscale’s Ethereum Trust (ETHE) appear to have found firmer footing. As of Friday, shares in Grayscale’s ETHE traded at a 22% discount relative to the funds’ crypto holdings, according to data from YCharts. Since March 22, that discount has ranged between 21% and 26%, widening from as little as 8% earlier that month. Many crypto market analysts have expressed doubt that spot Ethereum ETFs will be approved in the U.S. in the short term. We will know soon enough, as the…

EthereumMay 8

Floki Team Showcases Valhalla at WOW Summit in Hong Kong Amid Token Burns

Floki debuts Valhalla at WOW Summit, amplifying its presence. March sees over $55 million Floki token burns, outpacing major memecoins combined. Utility products drive burns, with more innovations and marketing planned. The Floki team is set to make waves in Hong Kong as they prepare to unveil their flagship PlayToEarn NFT Metaverse game, Valhalla, at the WOW Summit on March 26-27. With excitement building around their presence at the event, Floki aims to leverage the platform to showcase Valhalla to a massive audience. The #Floki team has landed in Hong Kong, ready to showcase #Valhalla at the WOW Summit on…

AltcoinsMay 8

Pent-Up Bitcoin Demand Could Come From Morgan Stanley and Other Institutions: Investor Brian Kelly

Crypto investor Brian Kelly thinks Bitcoin (BTC) has hit a bullish intersection of rising demand and reduced supply. In a new interview on CNBC’s Fast Money, the founder and CEO of digital asset investment firm BKCM says seeing bigger brokerage firms jumping into Bitcoin will have a bigger impact than the recent BTC halving. “So Morgan Stanley, UBS – once they are online, and they can have their customers start to come into Bitcoin, that’s a lot of pent-up demand.” Kelly says that the recently approved spot Bitcoin exchange-traded funds (ETFs) will also drive demand in the post-halving environment. “If…

BitcoinMay 8

Ethereum Price Recovery In Jeopardy? Decoding Major Hurdles To Upside Continuation

Ethereum price extended its recovery wave above the $3,120 zone. ETH failed to surpass the $3,220 resistance and is currently trimming gains. Ethereum climbed further above the $3,150 and $3,200 levels before the bears appeared. The price is trading below $3,120 and the 100-hourly Simple Moving Average. There was a break below a major bullish trend line with support at $3,120 on the hourly chart of ETH/USD (data feed via Kraken). The pair must stay above the $3,020 support to start another increase toward $3,220. Ethereum Price Dips Again Ethereum price climbed further above the $3,150 and $3,200 levels, like…

EthereumMay 8

Fantom preparing to launch Sonic introducing shared sequencer for L1 and L2 chains

On March 25th, Fantom Foundation CEO Michael Kong unveiled plans for the upcoming release of Sonic, a groundbreaking advancement set to revolutionize the blockchain landscape. Sonic, a culmination of years of research and development, promises to introduce a shared sequencer tailored for both Layer 1 (L1) and Layer 2 (L2) chains, an innovation poised to bolster transaction processing capabilities to unprecedented levels. Fantom’s evolution from Opera to Sonic The journey towards Sonic began with the inception of the Opera network on December 27, 2019. Built upon pioneering concepts such as Concurrent Common Knowledge (CCK) and Lamport Timestamps, Opera represented a…

AltcoinsMay 8

OP_CAT Proposal to Bring Smart Contracts to Bitcoin Finally Gets a 'BIP Number'

A serious attempt to bring Ethereum-like smart contract functionality to Bitcoin called OP_CAT has finally been granted a “BIP number:” 347. This is the first step towards actually launching the long-proposed software upgrade. “Getting a BIP number does not signal any sort of consensus on the part of the community," Ethan Heilman, one of the co-authors of the proposal alongside Armin Sabouri, said in an interview. "It just makes discussing and writing software around the proposal easier because the proposal now has a unique numeric identifier that everyone agrees on.” In other words, getting assigned BIP 347 means the argument…

BitcoinMay 8

5 Solana-only protocols rank top-10 in defi volume

As traders and investors seek gains, this year’s Solana rebirth has buoyed SOL-native exchanges to the forefront of defi activity. DefiLlama data shows five Solana-only protocols appeared in the top 10 decentralized exchange (DEX) volumes in the past 24 hours. A DEX is a trading venue built atop a blockchain that allows users to buy, sell, and swap cryptocurrencies. On-chain investors can also provide liquidity through decentralized exchanges, earning yield or passive income to support trading with capital. Top 5 Solana DEX providers Uniswap and PancakeSwap lead the DEX space with daily trading volumes of $1.6 billion and $616.3 million,…

DeFiMay 8

Bitcoin 'Epic Sat' That Sold for $2 Million Used to Inscribe Ordinals Art—With Grimes' AI Voice

A Bitcoin “epic satoshi,” or a particularly rare version of the smallest denomination of BTC, was sold for 33.3 BTC in April—around $2.1 million at the time. Now it has been used to inscribe an Ordinals asset with music and the AI-generated voice of Canadian electronic pop artist Grimes (aka Claire Boucher). An “epic satoshi,” or “epic sat,” is an extremely rare satoshi—that is, 1/100,000,000 of a BTC—that is generated during each Bitcoin halving. The quadrennial event cuts the amount of Bitcoin earned by miners (who support the network) in half. And those epic sats are said to be particularly…

NFTMay 8

Ethereum Rises And Will Recover Above $3,300

The price of Ethereum (ETH) is recovering after breaking above the 21-day SMA. Ethereum price analysis by Coinidol.com. Long-term analysis of the Ethereum price: bearish The price of the cryptocurrency is rising as it finds support above the 21-day SMA. The largest altcoin is predicted to reach the top of the 50-day SMA or the $3,300 resistance level. However, in previous price action, on April 28, 2024, as reported by Coinidol.com, the bulls broke through the 21-day SMA but were rejected at the high of $3,363. The reluctance caused the altcoin to drop to a low of $2,824.50. The bulls…

EthereumMay 8