Author: NBTC
Top 7 ICO, a famous company offering analytics and insights into DeFi and cryptocurrency projects, has disclosed the top seven fundraising rounds of this week. As per Top 7 ICO, the prominent seven private cryptocurrency fundraising rounds that were accomplished this week include Morpho, Layer2 Financial, Daylight, Hyperbolic Labs, Icebreaker, Breakout, and Mintify. The platform disclosed this development on its official X account. Top 7 Crypto Fundraising Rounds of the WeekLet’s take a look at the top 7 biggest private crypto fundraising rounds completed in the previous week, backed by crypto venture investors including @cbventures, @a16zcrypto, @hiFramework, @polychain, @coinfund_io, and…
The stablecoin landscape is shifting amid regulatory differences. While USDT remains the leader, USDC is gradually assuming parts of its market share. The stablecoin ecosystem is currently experiencing a repositioning with Circle’s USDC dominating, while Tether’s USDT declined to 74%. This reposition has raised concerns about what could be causing the drain in the Tether’s market share. Realignment in the Stablecoin Market Over the past few years, Tether has been the dominant player in the stablecoin market. Despite its dominance, the stablecoin appears to be losing its crown to its competitors, especially USDC. Kaiko Research highlighted this shift in its…
Bitcoin (BTC) is at risk of witnessing more corrections as it is on the verge of hitting a “top-heavy” zone, says a popular on-chain analyst. The pseudonymous crypto trader known as Checkmate tells his 94,500 followers on the social media platform X that top-heavy zones happen when “too many people buy too many coins at too high of a price.” “A critical question in these scenarios is ‘Ok, they are underwater, but by how much? How bad is it?’ Being underwater by -1% is very different to -20%. On an Unrealised profit basis, Bitcoin short-term holders are at a key…
Bitcoin and ether tumbled Monday as risk-off sentiment permeated global markets. Crypto-related company shares followed suit, with many miners losing more than 10% in pre-market trading while crypto exchange Coinbase dropped 9%. Crypto-related company stocks slid Monday as escalating tensions in the Middle East and concerns about the strength of the global economy sent bitcoin (BTC) and ether (ETH) tumbling to their lowest levels in months. Crypto exchange Coinbase (COIN) dropped more than 9% in U.S. pre-market trading. Software developer MicroStrategy, which has a policy of buying bitcoin and holds more than 1% of the total supply that will ever…
Bitcoin’s price took a steep tumble early this week, driving over $300 million in crypto market liquidations in a single day. Why the sudden volatility? Gayatri Choudhury, Quantitative Research Analyst at Bitwise, says there have been two key drivers of the selloff – and neither relates to the Bitcoin ETFs. Miners Are Dumping The analyst first noted on Tuesday that the activity of Bitcoin miners – a cohort “often overlooked” by market watchers. Since the fourth Bitcoin halving in April, the network’s miners have been consistently selling their BTC amid much lower revenues and historically high competition from global competitors.…
American payment giants such as GooglePay and AmazonPay are reportedly aiming to participate in the Indian central bank’s digital currency pilot. Top U.S. tech giants such as Amazon and Google are reportedly looking to join India’s central bank digital currency pilot, as the Reserve Bank of India opens its digital currency initiative to non-bank payment firms. According to sources cited by Reuters, AmazonPay, GooglePay, and Walmart-backed PhonePe have expressed interest in facilitating transactions with India’s CBDC, known as the e-rupee. Additionally, Indian fintech companies Cred and Mobikwik have also applied to join the pilot, although the timeline for their participation…
According to data published by the cryptocurrency onchain analysis company Lookonchain, a mysterious whale cryptocurrency wallet has recently started collecting large amounts of Chainlink (LINK). According to the analytics firm, 93 freshly interconnected cryptocurrency wallets accumulated 12.75 million LINK tokens worth $167 million. It was reported that the whale in question started this accumulation process as of June 24. However, the analysis company Lookonchain also shed light on the developments taking place in other parts of the cryptocurrency world in its other statement. According to the statement, the total amount of locked value on Scroll, a cryptocurrency project that has…
After a rough start to the week, Tuesday brought a modest rebound across the crypto market, with nearly every single token in the top 100 coins by market cap seeing gains over the prior day. But the upward bump has triggered over $92 million in liquidations in the past 24 hours—$62 million in short positions, according to CoinGlass data. The price of Bitcoin is trading up 2.7% at $61,746 and the price of Ethereum up is 1.8% at $3,394 over the past 24 hours, as of writing, with top performers over the past day including meme coins Pepe and Dogwifhat,…
While there was a decline in Bitcoin and altcoins due to the Japanese Yen-USD parity, Coinshares published its weekly cryptocurrency report. Stating that there was an outflow of 528 million dollars in cryptocurrency investment products last week, Coinshares said that Bitcoin experienced an outflow for the first time after 5 weeks of inflow. “Cryptocurrency investment products saw a total outflow of $528 million for the first time in 4 weeks in response to US recession fears, geopolitical concerns and the resulting general market liquidations across most asset classes. “Ethereum has seen a total outflow of $146 million, with net outflows…
This past week has seen a noteworthy shift in the dynamics of blockchain usage, as highlighted in the latest report by Ankr, a leading developer platform for Web3 applications. According to data gathered, the Polygon network has notably outpaced its competitors, leading the chart with a staggering 2.5 billion Remote Procedure Call (RPC) requests. This surge in RPC requests not only signifies Polygon’s robustness and scalability but also underscores its increasing adoption among developers and users seeking efficient and cost-effective blockchain solutions. Ankr’s announcement emphasizes the changing tides in blockchain preferences and the critical role RPC activity plays in understanding…