Author: NBTC
Ethereum inflows top $2.2B YTD, a new annual record. Ethereum ETFs see strong demand with $634M inflows last week. Ethereum dominates with 56% of total crypto inflows. Ethereum recorded $634 million in inflows in the past week. This increase raised Ethereum’s cumulative inflows in the year to $2.2 billion, which is higher than the total recorded in 2021. These inflows show that investors are now more confident with Ethereum, given the current rise in its usage and high demand and supply ratios. Moreover, according to the latest report from CoinShares, Ethereum remains a dominant digital asset. This positive sentiment is…
XRP has seen a significant change in its on-chain transactions, especially based on the AMM (Automated Market Maker), as reported by Wenry in CryptoQuant analysis. The analysis shows that other parameters are also rising, along with liquidity deposits in the AMM ecosystem, despite a decline in XRP ledger AMMbids in recent days. Such changes indicate enhanced confidence in the existing liquidity pools and, therefore, should elicit the participation of market players. XRP Ledger On-Chain Transaction Analysis“XRPL saw significant growth in AMM liquidity, with strong increases in AMMDeposit and AMMCreate. Despite a drop in AMMBid, the rise in liquidity deposits indicates…
Binance has announced that it plans to remove some margin trading pairs from its platform on December 11, 2024, at 09:00. Binance to Delist Multiple Margin Trading Pairs in December This decision impacts both Cross Margin and Isolated Margin trading options and follows Binance’s regular review of trading offers to align with market demand and operational efficiency. Margin Trading Pairs Affected Cross Margin Pairs BAND/BTC GTC/BTC Isolated Margin Pairs AVA/BTC BAND/BTC GTC/BTC HIGH / BTC PERP/BTC STPT/BTC Important Dates and Changes Users cannot transfer assets of listed pairs to their Isolated Collateral accounts via manual transfers or Automatic Transfer Mode.…
Ethiopia is emerging as a significant player in Bitcoin mining, with local operations now accounting for 2.5% of the global hash rate. On Dec. 4, local Bitcoin miner Kal Kassa stated: “Bitcoin miners in Ethiopia now command 2.5% of the global hash-rate. If trends continue, according to Ethiopian Electric Power (EEP), this will more than double within one year.” This aligns with statements made by Ethan Vera, co-founder and COO of Luxor Mining, who noted that the EEP reports local operations already consuming 600 MW of power. By year-end, that number could rise to 1 gigawatt, representing as much as…
The Ethereum blockchain’s transactional revenue has increased substantially since Donald Trump’s U.S. election victory, Steno Research said in a Monday report. “This outcome is crucial for all onchain activity,” wrote analyst Mads Eberhardt. The surge has led to higher staking rewards and more ether (ETH) being burned via transaction fees, the report said. “This combination strengthen’s Ethereum’s tokenomics,” Steno said, making ether a more appealing asset. Steno noted that the amount of USDT on the Ethereum network surpassed supply on the Tron blockchain for the first time in more than two years. This is a clear sign that on-chain activity…
Dog-themed crypto Shiba Inu (SHIB) has underperformed lately as investors focused on new and trending meme tokens such as POPCAT and PEPE. While the 5% price dip over the past week highlights weakness, recent trends suggest a potential comeback for SHIB. Shibarium’s daily transactions jump 1,300% Shiba Inu’s L2 network has seen a significant pause in progress within the last several months. Nevertheless, Shibarium has seen relief over the past few days, with some crucial indicators resurging to early 2024 highs. The platform saw daily transactions skyrocketing towards 1.8 million on 22 October, according to Shibariumscan. That represented a staggering…
Binance, one of the world’s largest cryptocurrency exchanges, has announced that it has added new trading pairs and advanced trading bot services to its Spot platform, effective December 4, 2024. Binance Expands Trading Options with New Pairs and Trading Bots Services To expand trading options and improve user experience, Binance will open trading on the following pairs on December 4 at 08:00 UTC: EN/BRL EOS/FDUSD KAIA/USDC SAND/USDC XLM/FDUSD XLM/USDC Extended Trading Bots Services Binance will also be introducing trading bot functions to optimize trading strategies across various pairs: Spot Grid and Spot DCA Bots: AVAX/USDC METIS/USDT RONIN/USDT XRP/EUR Rebalancing Bot:…
The ongoing bullish momentum in the crypto market is gaining strength, with analysts highlighting on-chain indicators that suggest a sustained uptrend for Bitcoin. On-chain analysts like Ali Martinez draw insights from Bitcoin’s historical trends around its 200-day moving average. In a Monday post on X, he noted that Bitcoin is again attempting to surpass this key moving average. Martinez emphasized that in the past three instances when Bitcoin broke above the 200-day moving average, it led to massive parabolic bull runs. Notably, the 200-day moving average is an important technical indicator that represents the average closing price of Bitcoin over…
Ethereum is showing strong bullish momentum, driven by an influx of buyers. However, as the price nears a significant resistance level at $4K, market participants should anticipate a period of consolidation with the potential for heightened volatility. Technical Analysis By Shayan The Weekly Chart Ethereum has experienced an impulsive uptrend, fueled by buying activity near the $2.5K support region. This movement has led to a breakout above the key 100-day and 200-day moving averages, signaling a shift in market sentiment and confirming the buyers’ dominance. The asset is approaching the $4K resistance zone, a crucial psychological and technical level, likely…
According to on-chain data, Ripple has transferred 60 million XRP in different transactions to anonymous wallets. This development comes amid the announcement of a strategic collaboration between Garanti BBVA and Ripple aimed at enhancing the performance and security of Garanti BBVA’s growing digital platform. According to Blockchain data tracker Whale Alert, the transfer of 60 million XRP, valued at approximately $30.1 million, was executed in two parts. The first transaction saw “30,000,000 XRP worth $15,908,943 transferred from Ripple to unknown wallet,” while the second saw “30,000,000 XRP worth $15,908,943 transferred from Ripple to unknown wallet.” 🚨 30,000,000 #XRP (15,908,943 USD)…