Author: NBTC
Everyone’s got an opinion, and prediction markets have become one of the most popular ways for users in crypto to share theirs—and maybe make some bank on it. On Myriad Markets, users are able to predict event outcomes on markets across lots of different fields, like predicting the price of Bitcoin or the winner of the NBA Championship. And there are plenty more options beyond crypto and sports, including politics, culture, and gaming. What’s generating interest on Myriad this week? Here’s a look at some of the most active markets, with helpful context about what might be driving current predictions.…
A massive $800 million buying spree from just a handful of whale and institutional wallets has fueled Ethereum’s recent surge, which has pushed its price to over $3,100. This aggressive, week-long accumulation provides hard, on-chain evidence of the powerful institutional demand driving the current rally as the crypto presses against a key technical pattern. After weeks of gradual ascent, ETH is now trading around $3,137, pressing against the upper resistance of a rising wedge formation. The Whale Hunt: A Breakdown of the $800 Million Buying Spree In the last week alone, Ethereum has seen an extraordinary level of institutional interest.…
The cryptocurrency world is abuzz once again, this time with a significant development reported by the vigilant eyes of Whale Alert. A staggering 1 billion Tether USDT has been minted at the Tether Treasury. This isn’t just a number; it’s a colossal injection of capital into the digital asset ecosystem, potentially signaling a pivotal shift in market dynamics. For anyone invested in or observing the crypto space, understanding the implications of such a massive USDT minting event is absolutely crucial. Tether USDT: What Does This Massive Minting Truly Signify? Tether USDT stands as the undisputed titan among stablecoins, a digital…
Glassnode reported that even though Bitcoin hit a new all-time high, the amount being sold for profit dropped. Bitcoin’s profit-taking at the May 2025 all-time high was only $1 billion, compared to over $2 billion in December 2024. Investors’ behavior is different now, even when the price of Bitcoin goes up. In short:🔹 Realized profits are lower in magnitude🔹 Long-term holders are holding out🔹 Short-term traders are driving the marketThis combination may signal continued bullish expectations from less speculative $BTC investors. — glassnode (@glassnode) May 22, 2025 The data shows a significant shift in Bitcoin’s coin age distribution. As of…
The price of Ethereum has soared above $3,150 for the first time in 23 weeks, and the betting markets are now pricing in a 74% probability that it will hit $3,300 before the end of July. This strong bullish conviction comes as a wave of institutional money continues to flood into the asset. The large-cap altcoin surged 5.53% in the past 24 hours to trade at about $3,141 on Wednesday. According to market data analysis from Coinglass, Ether price has recorded an average gain of 7% in July since 2016, despite posting more bearish monthly returns of July in the…
IOTA has become the only cryptocurrency named in an official Chinese government document, issued by the city of Kashgar. China usually supports homegrown tech, and if China is testing IOTA, it could become part of its digital infrastructure plans. Salima, a cryptocurrency enthusiast, recently shared an eye-catching post on X: “IOTA is the only cryptocurrency mentioned by name in an official Chinese government document. No Bitcoin. No Ethereum. Just IOTA.” The document she referred to was issued by the city of Kashgar in China’s Xinjiang region, a historically strategic hub with over 500,000 residents and a key gateway to Central…
Bitcoin’s price action in the past 24 hours has been nothing short of remarkable. After consolidating for several days in a tightening range, the market broke past the $105,503 support-turned-resistance zone earlier in the week and kicked off a steep climb in the past trading day. This has allowed Bitcoin to push into new all-time high levels, and is showing no signs of slowing down. Interestingly, technical analysis shows the rally comes off an approach of a golden cross between the 50 and 200-day moving averages, but FX_Professor offered a different take on the much-celebrated golden cross. Analyst Disputes Golden…
The cryptocurrency world is constantly buzzing with activity, and on-chain movements by major players often send ripples through the market. Recently, a significant ETH deposit from Trend Research, a secondary investment arm of the prominent crypto firm LD Capital, has captured the attention of analysts and investors alike. This move, involving 5,000 ETH valued at approximately $15.71 million, was transferred to Binance, one of the world’s largest cryptocurrency exchanges, according to astute on-chain analyst @EmberCN on X. This single transaction contributed to a staggering total of 22,289 ETH ($68.55 million) in exchange deposits for the day, prompting questions about the…
Piero Cipollone, member of the ECB executive board, highlighted the relevance of the digital euro for the health of sovereign payments in Europe. He also remarked that such a solution would maintain banks in the financial loop, while stablecoins seek to sidestep them. ECB Defends Digital Euro Thesis as Sovereign Cash Alternative The European Central Bank (ECB) has defended the emergence of its Europe-wide central bank digital currency (CBDC) as a cash alternative to maintain the autonomy and sovereignty of its payment system. In a recent speech at Ljubljana, ECB executive board member Piero Cipollone stressed that even 25 years…
Ripple USD stablecoin, RLUSD, is closing in fast on a $500 million market cap — just as 16 million new tokens were minted in just the last 24 hours. The total supply is now at 485.24 million RLUSD, so the crossing of the symbolic half a billion milestone is literally one “print” away. And momentum is here from all angles — volume, integrations and banking support. Over the past 24 hours, the trading volume of the stablecoin rocketed by more than 8%, reaching $40.71 million. The market cap at the same time increased by 3.43%, reaching $485.33 million. This puts…