Author: NBTC

In a surprising turn of events, a major Ethereum investor, who was recently liquidated during the market crash on August 5, has re-entered the market with substantial purchases of Ethereum (ETH). The whale, previously liquidated for 2,890 wrapped staked Ethereum (wstETH), valued at $8.06 million, is now making headlines by going long on ETH once again. A whale who was liquidated for 2,890 wstETH($8.06M) during the market crash on Aug 5 is back to buying and going long $ETH again!He has borrowed 6.6M $DAI, 2.7M USDT and 2.5M $USDC to buy 4,459 $ETH($11.8M) at $2,646 since Aug 11.Address:… pic.twitter.com/5bCmZNpkyc —…

Starbucks has announced Brian Niccol as its new CEO, effective September 9, 2024. Consequently, crypto enthusiasts speculate about the potential impact. Niccol, who currently serves as Chairman and CEO of Chipotle, has spearheaded remarkable transformation at the company since 2018. He prioritized digital innovation and growth. Can the New CEO Revive Starbucks’s Crypto Strategy? Under Niccol’s leadership, Chipotle experienced a dramatic increase in revenue and profits. The company’s revenue nearly doubled, and profits surged by almost sevenfold. His strategy included a strong digital engagement plan, exemplified by the introduction of Chipotle lanes. Moreover, during his tenure, the company executed various…

Ethereum’s ascending triangle pattern suggests a potential rally to $3,273 if it breaks above key resistance. Failure to hold support at $2,640.55 could lead Ethereum to target a downside of $2,089. Ethereum’s RSI at 33.76 indicates bearish momentum, but nearing oversold conditions might signal a potential rebound. Ethereum (ETH) is currently forming a large ascending triangle pattern against the US Dollar (USDT) on the one-hour timeframe. This pattern, a common bullish indicator, is characterized by a series of higher lows and a horizontal resistance level. The price action suggests a critical point for Ethereum, as the market approaches a key…

Donald Trump announced J.D. Vance as his running mate for the 2024 presidential election, who recently updated his finance portfolio. Vance is a Republican Senator and one of the richest members of the United States Congress, with an estimated net worth between $3.75 million and $10.495 million, as monitored by Finbold. Notably, Quiver Quantitative reported a new JD Vance’s portfolio update on August 14 in a post on X. According to the platform, the Vice-President candidate invested $100,000 in the S&P 500 (NYSE: SPY) in October 2023. Before that, in February 2023, Vance sold approximately $100,000 of his position in…

Popular blockchain tracker Whale Alert, which monitors large crypto transfers, has detected a mind-blowing cryptocurrency transaction that moved $83,250,000 worth of meme coin PEPE. The meme coins were transferred from the Bybit exchange – the fourth largest cryptocurrency trading platform by volume. This huge transaction has coincided with an impressive PEPE price increase that has taken place in the last 24 hours. Trillions of PEPE leave Bybit, while PEPE price soars The aforementioned cryptocurrency tracker shared that Bybit saw 9,000,000,000,000 PEPE almost two hours ago, worth almost $90 million. 🚨 🚨 🚨 🚨 9,000,000,000,000 #PEPE (83,250,000 USD) transferred from #Bybit…

Bitcoin’s market stands at a critical juncture, with potential implications for both bullish and bearish traders. As highlighted by Eljaboom, a Bitcoin investor and Forbes 30 Under 30 recipient, a major liquidation event looms. If Bitcoin reaches a new all-time high (ATH), $9.26 billion in shorts could be liquidated. A few key indicators underscore this potential for a dramatic price surge. The funding rate has decreased, indicating an increase in short positions. Additionally, the Coinbase Premium has turned positive, suggesting heightened spot demand. Liquidation 🚨🚨 $9.26 billion worth of shorts will get liquidated when BTC hits a new ATH.The funding…

A bullish cryptocurrency trader has borrowed nearly $12 million in three stablecoins to buy over 4,459 Ethereum (ETH) since August 11. These decentralized finance (DeFi) trading operations signal optimism at these prices, forecasting a surge for the leading Web3 infrastructure. DeFi traders can leverage their holdings as collateral to borrow cryptocurrencies like stablecoins and open long positions buying an asset. Essentially, this allows investors to buy Ethereum without decapitalizing, sell at higher prices, and amass profits after repaying the loan. Finbold recently reported a similar operation from the world’s fifth-richest crypto investor. In particular, Lookonchain reported one of these operations…

Investment giant Millennium Management has recently announced adjustments to its Bitcoin Exchange-Traded Funds (ETFs). Notably, as per a post shared by Trader T, a prominent voice on X, the hedge fund has lowered its position on Spot Bitcoin ETFs in the second quarter. Millennium Management lowers its position on Spot Bitcoin ETFs in Q2 (reported value)$FBTC, -14%, owns $589 m$IBIT, -48%, owns $371 m$GBTC, -52% owns $82 mbut, adds more$BITB, +71%, owns $65 m$MSTR, +8837%, owns $121 m pic.twitter.com/Z91ff3A8eL — Trader T (@pivfund2100) August 15, 2024 To elaborate, Millennium Management lowered its positions in Bitcoin ETFs, including Fidelity’s Fidelity Wise…

Appchain infrastructure platform Tanssi has entered into a long-term strategic cooperation with Agrotoken, a pioneering global tokenization platform for agricultural commodities. The collab will fuel novel solutions for agriculture businesses in South America. Agrotoken, Tanssi score partnership to leverage Polkadot (DOT) for agriculture finances in South America Agrotoken, a cutting-edge tokenization platform for agriculture businesses, scored a partnership with Tanssi, a multi-purpose appchain protocol for Web3 venues. The two teams will work together on Polkadot-based agro-finance solutions for the South American market. Inaugural iterations of joint products will be focused on Brazil and Argentina, with more regional agriculture heavyweights to…

Veteran trader Peter Brandt recently posed a thought-provoking question to his 729,500 followers on X (formerly Twitter), asking whether the current Bitcoin chart will develop into a daily chart fractal resembling Gold’s performance during either the 2008-2009 or the 2020-2024 periods. This inquiry comes as Bitcoin’s price chart depicts an inverse head and shoulders pattern formation, a technical pattern often seen as a bullish indicator, and which preceded Gold’s breakout in the aforementioned periods. The inverse head and shoulders pattern is a well-known technical analysis formation that typically signals a reversal from a downtrend to an uptrend. This pattern consists…