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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.

Bitcoin (BTC) Collapses to $60K as ETFs Bleed $500 Million

The price of Bitcoin (BTC) collapsed to just $61,231 earlier today, according to CoinGecko data. The flagship cryptocurrency is down 17% from its all-time high. Yet, despite the severe price drop, the Bitcoin market sentiment remains in the greed territory. More than $505 million worth of long positions have been liquidated over the past 24 hours. Underwhelming ETF numbers The most recent drop coincided with Bitcoin exchange-traded funds (ETFs) posting their biggest outflows to date. On Tuesday, a whopping $326.2 million flowed out of these products. Grayscale's GBTC appears to be the main bearish headwind with a staggering $443 million…

Bitcoin

Marc Tillement at Paris Blockchain Week

Pyth eyes cost savings in DeFi with new liquidation tool. In an interview with Crypto Briefing, Marc Tillement, Director at Pyth Data Association, shared insights into the role of Pyth Network within the decentralized finance (DeFi) space, its innovative approach to oracle services, and bold predictions for the crypto and DeFi sectors. Pyth’s journey and strategy Addressing VanEck’s report which speculated that Pyth could surpass Chainlink in total value secured, Tillement acknowledged Chainlink’s head start and its solid footing within DeFi. He pointed out that Chainlink’s success was bolstered by its integration with early DeFi protocols such as Aave and…

DeFi

Can Ethereum (ETH) Push Past $4,000 Post Bitcoin Halving?

Ethereum’s value surged alongside Bitcoin’s rise past $70,000, reflecting positive market sentiment. Despite experiencing a correction after trading within a narrow range, Ethereum’s price hints at bullish momentum. If Ethereum maintains support above $3,472.75, it could test resistance levels at $3,666.11 and $3,881, while a trend reversal may lead to testing support at $3,274. Ethereum recently gained value as Bitcoin surged past the $70,000 level. This surge in Ethereum’s price comes as the highly anticipated Bitcoin Halving event draws closer, with the consolidated market sentiment suggesting a rise in the number of Hodlers, highlighting a positive outlook for the crypto…

Ethereum

An Ultimate Guide On Doge Killer (LEASH) Cryptocurrency

LEASH is a promising token for dog coin enthusiasts and investors who want to support the Shiba Inu ecosystem. Doge Killer (LEASH) is a cryptocurrency that is part of the Shiba Inu (SHIB) project, which is often called the “Dogecoin (DOGE) killer” because of its huge popularity. SHIB is the second most famous dog-themed coin in the crypto world and aims to be the Ethereum (ETH)–based alternative to Dogecoin’s Scrypt-based mining algorithm. There is also another dog coin in the Shiba universe, called Bone ShibaSwap (BONE), which can be traded on its own ShibaSwap decentralized exchange (DEX). LEASH, BONE and…

Altcoins

Binance CEO Discusses Jurisdiction Dilemmas for Headquarters

The world’s largest cryptocurrency exchange, Binance, is nearing a decision on its official headquarters, a topic rife with speculation in the crypto sector. CEO Richard Teng has indicated that the exchange is in talks with several jurisdictions. It aims to find a location that meets its operational and regulatory requirements. What Challenges Binance Face While Selecting a Headquarters At Paris Blockchain Week, Teng highlighted the complexities of choosing a headquarters. He pointed out that the decision involves more than picking a country. It requires careful consideration of regulatory frameworks, tax implications, and strategic value for Binance’s diverse product lineup. “There’s…

Exchanges

Bitcoin extends correction ahead of FOMC meeting

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…

Bitcoin

Top Analyst on Ethereum ETF: "Silence Is Violence"

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…

Ethereum

4 Factors That Could Propel Binance to List BONE

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…

Exchanges

Peter Schiff Names Main Problem with Bitcoin ETFs

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…

Bitcoin

Ethereum Options Observe Extraordinary Data: What Does It Mean?

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…

Ethereum