Author: NBTC

On-chain data suggests that Ethereum whales have been aggressively buying millions of dollars worth of ETH. Arkham Intelligence reported that a new Ethereum wallet purchased 20,000 ETH while another wallet purchased $206 million worth of AaveETH. The recent crypto market meltdown has not been enough to discourage large players from doubling down on Ethereum. On-chain data shows that these market participants have purchased more than $350 million in Ethereum in recent times, as the ETH price plummeted. On-chain data provider Arkham Intelligence reported that a new Ethereum wallet purchased 10,000 ETH, worth approximately $34 million, on Wednesday, when Ethereum reached…

Gold has made every other asset on earth its dog throughout this year, rallying too hard that it now takes 116 hours of minimum wage work to buy one ounce of the precious metal in America, the highest ratio in literally over a century, according to data from Bloomberg. That means a worker earning the federal minimum wage would need to work nearly three full weeks to afford a single ounce. The gold price closed around $4,225 per ounce at press time, while average hourly earnings stood at $36.50 in August, leaving income growth far behind. The ratio has doubled…

XStocks are becoming the tokenized shares of choice, after reaching $10B in total trading volumes. Solana is also the main carrier for actively traded RWA tokens. XStocks has shown ongoing expansion in trading activity since the launch of the new tokenized share standard. The XStocks market broke above $10B in total volumes for the first time, on a mix of activity inflows from Kraken and, more recently, Hyperliquid. Most of the trading volumes are concentrated on centralized markets, with around $341M cumulative volumes on DEXs. XStocks volumes expanded continuously, boosted by activity on the Kraken centralized exchange. | Source: Dune…

Ethereum (ETH) climbed 1.29% on Wednesday, November 12, supported primarily by favourable market conditions. Most notably, the U.S. Senate Agriculture Committee released a new bill draft on November 10, classifying the altcoin as a digital commodity under the oversight of the Commodity Futures Trading Commission (CFTC). The bipartisan framework is expected to bolster the cryptocurrency’s regulatory status, thus easing institutional adoption concerns down the line. Unsurprisingly, the renewed emphasis on market integrity and investor protection has led many to speculate about Ethereum’s price in the following weeks. To assess the situation from another perspective, Finbold turned to its AI prediction…

Jeremy Kranz, founder and managing partner of the venture capital firm Sentinel Global, has urged investors to exercise caution when dealing with privately issued stablecoins. According to Kranz, these assets carry all the risks associated with central bank digital currencies (CBDCs), as well as additional, unique vulnerabilities of their own. Kranz refers to privately issued stablecoins as a “central business digital currency.” Based on his explanation, they include similar monitoring features, backdoors, programmability, and controls in CBDCs. Jeremy Kranz warns of risks associated with stablecoins When asked to elaborate, Kranz noted that central business digital currencies and stablecoins are essentially…

Polygon CEO Sandeep Nailwal is celebrating a major milestone this week after the UFC signed a multi-year partnership with Polymarket. The deal makes Polymarket the official and exclusive prediction market partner for both UFC and Zuffa Boxing. For Nailwal, the moment is personal. He shared that he’s a long-time UFC fan and highlighted that Polymarket runs entirely on the Polygon network. Something he and Polygon Ventures supported early on during tougher market years. This is a special moment for me too. Being a big fan of UFC myself, its a special feeling that @Polymarket is fully powered by @0xPolygon and…

As the crypto market loses steam, and the price of Bitcoin falls to lows not seen since early summer, traders are eyeing up alternative assets: Where does the price of Ethereum, the second-largest crypto asset by market, go next? Ethereum, which trades as ETH, opened today at $3,415.8 and has climbed to $3,473.2—a modest 1.69% gain that’s doing little to ease the tension around where ETH heads next. Prediction markets tell differing stories, and the charts suggest one of narratives may be suffering from some serious hopium. On Myriad, a predictions market built by Decrypt’s parent company Dastan, users have…

Shoppers who picked up a gold bar from Costco (NASDAQ: COST) in 2023 are now seeing solid profits as the precious metal continues to hit new record highs. When the retailer first began selling one-ounce gold bars in mid-2023, each was priced at about $1,900 and sold out almost instantly. Those same bars are now worth around $4,253, meaning early buyers have more than doubled their money in less than two years. That’s a return of roughly 124%, far outperforming the broader stock market over the same period. The yellow metal has also gained more than 60% year-to-date. Gold’s growing…

The cryptocurrency market has entered a downward spiral in the last week, led by Bitcoin, due to tariff-based economic uncertainties in the US. Although a partial recovery occurred over the weekend, we are heading towards the November 1st deadline without the customs duty crisis being resolved yet, and the coming weeks will be extremely critical. Additionally, the new week will also feature numerous economic developments and altcoin events concerning the cryptocurrency market. Here’s the cryptocurrency calendar we’ve prepared specifically for you at Bitcoinsistemi.com. (All times are stated as UTC+3 Türkiye time) Monday, October 20 SOL – Solana announced that it…

Bitfarms, one of North America’s leading mining companies, has announced that it plans to make a radical change in its operations and completely end Bitcoin mining within the next two years. Bitfarms Is Ending Bitcoin Mining and Moving to AI and HPC Data Centers The company is adopting a new growth strategy by transforming its existing facilities into data centers focused on artificial intelligence (AI) and high-performance computing (HPC). In a statement made by Bitfarms, it was stated that the 18-megawatt Bitcoin mining facility in Washington will constitute the first step in the transformation process. It was stated that this…