Author: NBTC

Espresso, a closely watched blockchain project to coordinate cross-chain transactions and interactions, shared Monday that its main product, known as the confirmation layer, has gone live. According to the team, the confirmation layer will be a critical piece of infrastructure for composability among rollups, allowing for two networks to read and trust each other’s blocks of transaction data. A rollup is a type of auxiliary, or “layer-2,” network atop a main blockchain, providing a venue for cheaper and faster transactions. Specific benefits of Espresso’s new confirmation layer could include faster bridging of assets between networks, decentralizing a key component of…

Ethereum price has faced several attempts to break free from the consolidation range it has been stuck in since early August, hovering around $2,700. However, a recent rally sparked by Bitcoin’s price increase could continue if Ethereum’s long-term holders (LTHs) maintain their positions rather than selling. This restraint from LTHs would be key in supporting Ethereum’s potential upward momentum. Ethereum Whales Are Active Ethereum whales‘ activity has surged to a 14-week high, signaling increased interest among large-scale investors. Over the last week, transactions exceeding $1 million have climbed to 8,482 — the highest since August. Alongside this, whale transaction volume…

On November 1, Ripple unlocked 1 billion XRP and prepared its potential largest dump in seven years, as Finbold reported. Five days later, again unlike what historically happened in previous months, Ripple has already moved all the 470 million XRP. Notably, the company warned of ongoing transfers to third parties that could increase November’s activities for transferred amounts larger than usual. By September 30, Ripple had over 4.43 billion XRP available for transfers in its wallets and 38.90 billion XRP still locked in escrows, with ongoing monthly releases for the next 42 months. “From time to time, Ripple supports or…

Sonic SVM is happy to announce that its Web3 Applayer, Sonic X has surpassed a critical milestone of 1 million KYC-verified users, representing a pivotal success in Web3 adoption via TikTok. This milestone emphasizes Sonic’s dedication to establishing solid infrastructure and a user-friendly distribution platform, Sonic X, which allows TikTok users to simply interact in the decentralized web and explore blockchain-powered apps. With the help of Sonic X, a TikTok native game based on Sonic SVM, users can quickly find and engage with a variety of Web3 games in the comfortable setting of TikTok. The Sonic X team has made…

As Bitcoin approaches its all-time high, open interest in the perpetual futures market has climbed back to $16 billion, according to Kaiko Data. This brings open interest back to levels seen in August, just before a major selloff. The influx of capital indicates increased market participation. Notably, the latest figure coincides with Bitcoin reclaiming the highly anticipated $70,000 mark, a level it had struggled to achieve for the past four months. Bitcoin is now making substantial progress toward its previous all-time high, reaching an intraday peak of $71,400. This puts it just 3.48% away from the record of $73,750. Despite…

Ethereum price started a fresh increase above the $3,000 resistance. ETH is up over 10% and now approaches the key barrier at $3,250. Ethereum started a fresh surge above the $2,880 resistance zone. The price is trading above $3,000 and the 100-hourly Simple Moving Average. There is a new bullish trend line forming with support at $3,120 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue to rise if it clears the $3,250 resistance. Ethereum Price Regains Momentum Ethereum price started a fresh increase above the $2,750 resistance like Bitcoin. ETH was able to climb…

Hailey Welch, a.k.a Hawk Tuah Girl, Internet sensation and podcaster, accidentally exposed her meme token holdings. The discovery can affect the price of assets listed, while also placing Welch as the next big crypto influencer. Meme tokens and influencers are one of the perfect matches to rally Internet communities. Hailey Welch, known as Hawk Tuah Girl, added meme tokens to the mix, after exposing portfolio selections on her screen. The two addresses became public soon after Welch presented its list of meme tokens, after spending about a month as a beginner crypto influencer. https://x.com/HalieyWelchX/status/1854235135710990800 Bubblemaps noticed the portfolio, and took…

Deutsche Telekom MMS has partnered with Meta Pool as part of its Enterprise Node Operator (ENO) program, becoming the first telecommunications giant to operate a validator node on the NEAR blockchain. This collaboration enhances NEAR’s network security and decentralization and signals a new era of enterprise-driven blockchain adoption, powered by Meta Pool. Meta Pool, a leader in liquid staking solutions on NEAR, developed the ENO program to connect established industry leaders with the decentralized ecosystem. By joining this initiative, Deutsche Telekom provides NEAR with enterprise-grade infrastructure that boosts network reliability and performance. This partnership marks a major milestone in Meta…

H.C. Wainwright & Co. has released its latest update on Bitcoin mining, showing a mixed third quarter for miners affected by broader market uncertainties and the upcoming April 2024 Bitcoin halving. Per the analyst note shared with crypto.news, Bitcoin (BTC) prices remained volatile throughout Q3 2024, influenced by concerns about the U.S. economy, international tensions, and the upcoming presidential election. After dipping as low as $49,100 in August, BTC prices bounced back following the Federal Reserve’s decision to cut interest rates in September. This rate cut marked the first reduction in four years and sparked a rally, pushing BTC to…

Ethereum’s recent surge of 29% to $3,200 has prompted notable market actions, particularly from Tron founder Justin Sun, who has converted a portion of his ETH assets into cash. This strategic move is capturing the attention of observers in the crypto arena. Contents hide 1 Sun’s Profitable ETH Transactions 2 Are Dormant Ethereum Whales Activating? Sun’s Profitable ETH Transactions In a significant transaction, Justin Sun shifted 19,000 ETH, valued at approximately $60.83 million, to the HTX exchange. His total profit from this operation is estimated to reach around $69.36 million. Data from Spot on Chain reveals that Sun’s ETH acquisitions…