Author: NBTC

Whale purchased 10 million ONDO tokens in the last half day. ONDO price drops to $1.47 today after a week-long bull run to its ATH. The crypto bull market enthusiasm dimmed as Bitcoin returned to its $95,000 – $96,500 price range. Several altcoins such as Ethereum, XRP, Solana, BNB, Cardano, and Dogecoin have also slowed down with little to no price rises in the last 24 hours. Overall, the crypto market capitalization decreased by more than 5% and dropped to $3.43 trillion. As per Coinglass data, more than $1.7 billion worth of funds were wiped out in one day while…

Human beings are emotional, and that’s especially so in crypto markets. Round numbers are idolized much more than in traditional finance, and investors and traders are susceptible to panic-selling if price gains stall near a number with several zeros at the end. At the same time, some traders look to front-run the exodus, stacking order books such that it becomes a self-fulfilling prophecy. Take, for example, bitcoin (BTC), which has again drawn up short at the so-called psychological $100,000 sell wall. While earlier analysis has pointed at profit-taking, capitulation from short-term holders and just not enough demand to take bitcoin…

The year began on shaky ground for NFTs, with major collections struggling to maintain value amid a persistently bearish sentiment. Floor prices dipped across the board as trading volumes waned, leaving many to question whether the NFT market could rebound. Yet, as the year progressed into the final quarter, new bullishness in the broader cryptocurrency market set the stage for a late-year resurgence. Keep your expectations in check. It wasn’t a 2021/2022-like gold rush, but the vibe shift was welcomed by the NFT faithful. Leading the charge was Pudgy Penguins, a once-declining collection that blossomed under new ownership starting in…

A new token Meteora-backed token, M3M3 is building up hype with its combination of staking and meme community fundamentals. The asset hinges on strong hands holding for the long term, with the added security of locked tokens. The M3M3 token is a Solana asset that aims to combine meme hype with staking. The token has been heavily promoted by influencers, and a significant part of its supply already has been locked in staked positions. The new trend has already built up 10.4K followers on X, and a total of 19,523 holders. At this level, M3M3 resembles an early-stage meme token.…

Volatility in Nasdaq-listed shares in bitcoin-holder MicroStrategy is now tracked at 2.5 times that of bitcoin. The milestone may spook most market participants but means increased income potential for savvy investors engaging in options trading. MicroStrategy is the world’s largest publicly listed bitcoin holder, boasting a coin stash of over 380,000 BTC. Investors looking to gain exposure to the cryptocurrency without having to directly hold it have poured money into the stock this year, catalyzing a 500% rise in the share price. BTC, meanwhile, has surged by 124% this year, according to data sources CoinDesk and TradingView. MSTR’s outperformance goes…

$EIGEN is in the news as a dormant wallet that remained inactive for 2 years and made headlines in the crypto community after cashing out $9 million worth of $EIGEN tokens in 43 hours from Binance. This flow has caused people to look closely at the wallet activity, given that it has rarely been transacted beforehand for this kind of activity. A 2-year-old dormant wallet withdrew 1.6M $EIGEN ($7.25M) from #Binance 20 minutes ago, bringing its 43-hour total to 2M $EIGEN ($9.03M) at ~$4.52.Notably, before $EIGEN, this wallet had only withdrawn 8.89 $SSV from Binance in March 2023 (646 days…

A report on the 2024 Kyrgyz government revealed crypto mining taxes contributed only around $535,000. This value dropped by nearly half compared to last year’s crypto mining tax collection. According to a budget document released by the Kyrgyzstan Ministry of Economy and Finance, cryptocurrency mining taxes have fallen by 50% this year. Crypto mining tax collection amounted to over 46.6 million Kyrgystani soms this year or worth around $535,000. Meanwhile, last year’s crypto mining tax collection reached 93.7 million soms, worth around $1.08 million. Not only that, local media outlet 24.kg reported that the Ministry of Finance found a decrease…

Cobra, the operator and owner of the bitcoin.org domain, has alerted the community about a new development in the bitcoin world. He stated that unidentified bitcoiners outside of Bitcoin Core are preparing to introduce a user-activated soft fork (UASF) next year. Cobra Alerts About New Bitcoin Soft Fork Brewing in the Shadows A new conflict might be brewing in the bitcoin world. Cobra, the maintainer and owner of the bitcoin.org domain, has alerted about the development of a user-activated soft fork (UASF) for Bitcoin that will be proposed next year by unnamed developers outside the Bitcoin Core project. In social…

XRP critics are leveraging the ongoing dip to cast doubt on the asset, warning that its uptrend has ended and that investors may be stuck holding bags for an extended period. Joining this trend is Atomic Wallet, a well-known non-custodial decentralized wallet in the crypto community. In the last few days, it has been spreading FUD about XRP after previously being sarcastically bullish on the coin. Atomic Wallet posted a critical tweet, asking XRP holders whether they have plans if XRP drops to $0.50. This came after XRP broke the $2 mark, reaching a seven-year high of $2.87. Notably, XRP…

Blockchain security auditor Hacken is rolling out a new tool to automate security and compliance for web3 businesses as MiCA and DORA rules loom. Hacken, an international blockchain auditor with Ukrainian roots, is rolling out a new solution that allows web3 businesses in an automated manner to comply with standards like Europe’s MiCA and DORA. In a press release shared with crypto.news, Hacken co-founder and chief executive Dyma Budorin said the firm developed the so-called “Extractor” to address the “critical need for proactive monitoring and compliance in the crypto space.” According to the Tallinn-headquartered firm, Extractor brings compliance monitoring framework…