Author: NBTC
In an impressive display of market timing, cryptocurrency whales are reaping significant profits by trading on the burgeoning trend of Real-World Assets (RWA). The focus on cryptocurrencies like $ONDO and $LINK has shown exceptional returns, with price surges of 52% and 35% today. The movements suggest strategic trading behaviour linked to these specific assets. Whales appear to be cashing in big profits on the Real-World Assets (#RWA) trend as $ONDO (+52%) and $LINK (+35%) soar today!1/ Whale “0x992” deposited 500,736 $ONDO ($815K) to #Coinbase for a $294K profit (+56%) ~4 hours ago, leaving 2M $ONDO ($3.22M) with an unrealized $1.46M……
American banks seeking to offer customers services built on public blockchain networks appear to have been discouraged from doing so by the Federal Deposit Insurance Corporation, documents released Friday revealed. The disclosure came courtesy of a trove of newly unredacted crypto-related correspondences between the FDIC and member banks. San Francisco-based cryptocurrency exchange Coinbase obtained the documents via the Freedom of Information Act, or FOIA. Last month, Coinbase secured heavily redacted versions of 23 such letters. Thanks to a court order, the contents of those letters—and two new ones—were revealed today in their (near) entirety. One of those letters, sent in…
Everything built on top of Bitcoin that you are aware of today is because of the primitives that Bitcoin Script supports. What do I mean by primitives? The basic components of a programming language that you can use to build actual applications to do things. No programming language was ever designed specifically for a single application, i.e. to build one program. They are designed to support basic primitives, like mathematical operations to manipulate data, or creating basic data structures to store data in a certain way, or operations to iterate through data as you manipulate it. Basic primitives are designed…
Justin Sun, Tron’s (TRX) founder and BitTorrent owner, has hinted at a potential RLUSD release on Tron (TRX). Meanwhile, the community is expecting the asset to go live today, Dec. 4, 2024, following highly anticipated New York regulator approval. RLUSD stablecoin by Ripple coming to Tron (TRX)? XRP army excited by Justin Sun’s tweet Ripple USD, a novel USD-pegged stablecoin by U.S. fintech giant Ripple, might be deployed to Tron (TRX). In a semi-ironic manner, Tron’s (TRX) Justin Sun hinted at the potential of such a launch on his personal X, where he has 3.7 million followers. When $XRP RLUSD…
Rep. Mike Johnson of Louisiana has been re-elected as House Speaker with strong support from his Republican colleagues and President-elect Donald Trump. His victory is crucial for the cryptocurrency industry, as Johnson is a key supporter of important crypto legislation like FIT21 and opposes central bank digital currencies (CBDCs). With his leadership, the House is poised to advance favorable regulations that could significantly boost Bitcoin and other digital currencies in the U.S. financial system. Rep. Mike Johnson of Louisiana has been re-elected as House Speaker. Officially, he began on the first day of the 119th Congress with a strong consensus…
Marathon Digital Holdings issued an open letter urging the United States to establish a strategic Bitcoin reserve. The open letter outlined why Bitcoin (BTC) and its mining infrastructure are vital to maintaining economic and geopolitical stability in a shifting global financial landscape. The letter highlights Bitcoin’s finite supply, its decentralized nature, and its growing importance as a store of value and medium of exchange. Marathon compared Bitcoin to gold, arguing that while gold has historically served as a reserve asset, it is becoming less effective in the digital era due to its inefficiencies in global transactions and auditing. With @SenLummis’s…
A prominent Ethereum (ETH) whale has attracted attention with a series of aggressive short positions, amassing a staggering $77.68 million in short positions against ETH. The trader’s actions, documented on-chain and spread on social media, are raising eyebrows as potential losses climb into the millions. Yesterday, the whale’s initial short position of 10,612.59 Wrapped ETH (WETH) had already made a loss, facing a volatile loss of $908,000. The undeterred trader made matters worse overnight, opening another short position of 5,000 ETH in a row. This initial upload was made via Aave, a decentralized lending platform, and the whale traded for…
Privacy-focused cryptocurrency Monero surged to over $211.07 earlier today—its highest value since May 2022. At time of publication, Monero has pulled back slightly from its local high, and is currently priced at $205.05, up 17.8% on the day and 30.6% on the week, per data from CoinGecko. Monero’s upward momentum comes as the wider privacy coin sector has heated up over the past week, with the category as a whole up over 12% in the past 24 hours alone, according to CoinGecko data. Leading the pack in weekly gains are cryptocurrencies including Haven (up 217%), Verge (up 188%%), Zcash (up…
Ripple CEO Brad Garlinghouse expresses optimism about the future of the crypto industry following the inauguration of the 119th Congress. The Ripple CEO took to X yesterday to welcome the 119th United States Congress, which he hailed as ‘the most pro-crypto Congress in history.’ His statement signals a potential shift toward a more favorable regulatory environment for the crypto industry. This speculation comes amid growing demand for a clearer regulatory framework to guarantee investors’ protection and foster innovation within the industry. The Beginning of More Positive Developments for Crypto Garlinghouse emphasized that the inauguration of the most pro-crypto Congress marks…
The fall of 2020 was an exciting time for crypto, with bitcoin — after beginning the year around $7,000 and plunging to below $4,000 during the March Covid panic — in the middle of a rollicking bull market and appearing set to push through the $20,000 milestone. Mr. Market had a different idea though and as families began to get together for the U.S. Thanksgiving holiday, a wave of selling took place. Between East Coast Wednesday morning hours and the first football game early afternoon Thursday afternoon, bitcoin plunged from roughly $19,500 to $16,200, a decline of nearly 17%. The…