Author: NBTC

According to data shared by the Shibburn tracking platform, over the last 24 hours, the SHIB burn rate has gone deep down into the red zone, with just a tiny amount of meme coins extracted from the circulating supply. In the meantime, the pace of activity on Shibarium continues to remain slow, which does not provide any good contributions to regular SHIB burns. SHIB burns plunge, so does Shibarium activity The above-mentioned burn transaction tracker shows that over the last 24 hours, the burn rate is almost -20%, with a total of 2,516,677 SHIB coins transferred to unspendable blockchain addresses…

Attorney Fred Rispoli suggests that the potential overhaul of the SEC leadership under U.S. President-elect Donald Trump could lead to a faster resolution of the Ripple lawsuit. The pro-XRP lawyer made the projection yesterday, noting that Trump’s emergence as U.S. president-elect is good news for crypto. Notably, he expects this victory to affect the appeal timeline of the Ripple lawsuit. As reported earlier, Rispoli predicted that the U.S. Court of Appeals for the Second Circuit would issue its verdict for the case by 2026. Now, he believes a resolution would happen sooner following Trump’s victory. How Trump’s Victory Changes Ripple…

In a surprising move, a major Ethereum (ETH) whale recently sold 14,240 ETH worth nearly $37 million at a significant loss of $12.8 million. This transaction occurred as Bitcoin (BTC) reached a new all-time high (ATH), but Ethereum remains nearly 47% below its own ATH. This sudden sell-off has caught the attention of the market, as it contrasts with the general bullish sentiment following Bitcoin’s recent gains. While Bitcoin’s surge to its ATH has brought renewed optimism to the crypto market, Ethereum’s price has not mirrored this upward trend to the same extent. According to Lookonchain which highlighted the development,…

Crypto custodian, Zodia Custody, aims to raise $50 million from investors to fuel its plans to branch out into new regions and expand its product range. According to a Bloomberg report on Nov. 4, Standard Chartered’s crypto custodian subsidiary Zodia Custody is looking to raise $50 million in a round of funding, said Zodia Custody Chief Executive Officer, Julian Sawyer. Sawyer stated the crypto custodian wants to use those funds to expand its operations to include previously untapped regions and add to its growing list of products. Moreover, he explained that even though Zodia Custody is backed by a number…

Grayscale will launch the first US XRP trust, Fox Business reported. The move paves the way for a potential spot XRP ETF. Crypto asset manager Grayscale is taking the first step toward launching an XRP exchange-traded fund, FOX Business has learned. The report stated that Grayscale will announce the launch of the first US XRP trust, which will offer accredited investors direct exposure to XRP. Two of Grayscale’s investment trusts, the Bitcoin (BTC) and Ethereum (ETH) Trusts, have both converted to ETFs this year. Given Grayscale’s success, it’s possible the company’s XRP trust could also become an ETF. At this…

Kaiko, a reputed cryptocurrency market data provider, revealed that Bitcoin (BTC) was at a 1% discount in the South Korean market last week. This recent decline has come to be referred to as the ‘Kimchi Discount,’ in contrast to the more common ‘Kimchi Premium’ in the Bitcoin market, in which the cryptocurrency trades at a higher price in South Korean exchanges than the rest of the world. .@KaikoData’s latest report reveals that #Bitcoin briefly traded at a 1% discount in South Korea last week, marking the second discount since September. This March, the premium hit 10% before settling at 1-2%…

Vlayer, a pioneering crypto startup, has successfully secured $10 million in a pre-seed funding round, focusing on the groundbreaking development of “Solidity 2.0.” This substantial funding will accelerate the launch of new features aimed at integrating real-world data into Ethereum’s smart contracts, addressing a crucial gap in blockchain technology. According to co-founder and CEO Hubert Rachwalski von Rejchwald, “We offer access to additional verifiable data sources directly from Solidity code,” highlighting the innovative capabilities of their platform. Vlayer raises $10 million to develop “Solidity 2.0,” integrating real-world data into Ethereum smart contracts, marking a significant advancement in blockchain technology. Vlayer’s…

Pump.Fun continued its selling spree on Wednesday, sending $1.33 million in Solana to Kraken for sales. The fee account of popular Solana-based memecoin launchpad Pump.Fun has sold some of its fee revenue. Data from Lookonchain shows that the protocol sent 9,940 SOL ($1.33 million) to American crypto exchange Kraken by 14.55 (UTC) on Wednesday. The transaction saw Pump.Fun’s sales tally hit 274,311 SOL ($42.93 million), about 38% of the total revenue the platform has realized. According to Dune’s data, Pump.Fun has raised 712,797 SOL ($95.87 million) in fees since its inception in January. Notably, the auction came a few days…

Big news is coming on Bitcoin. One of the biggest institutional investors in the cryptos, BlackRock, has significantly boosted the company’s exposure to Bitcoin. On October 30, 2024, BlackRock bought 12,127 BTC for approximately 877 million USD. It currently holds 429,185 BTC of them worth approximately $31.04 billion due to this purchase. This is the newest addition and the largest in terms of its size, as it is an addition to the company’s Bitcoin possession. BlackRock bought another 12,127 $BTC($877.17M)! #BlackRock currently holds 429,185 $BTC($31.04B).https://t.co/vRN1pM3q4t pic.twitter.com/mwTKzb0tGw — Lookonchain (@lookonchain) October 31, 2024 Steady Accumulation: BlackRock’s Recent Buying Spree In the…

Taiko’s TVL on L2 surged over 1,000%, reaching a record $81 million. Taiko’s daily transactions hit 5 million, marking new highs in Layer 2 Ethereum adoption. Taiko, a Layer 2 Ethereum network, has seen considerable growth over the last month. According to DeFiLlama, the Total Value Locked (TVL) on Taiko increased by more than 1,000%, reaching an all-time high of $81 million. Taiko’s native decentralized exchange (DEX), Panko Finance, and the lending platform Avalon Finance—all with TVL numbers above $30 million apiece—key players in this increase. TaikoScan’s data also showed that on November 4, daily transaction volume on the network…