Author: NBTC
Ethereum’s ecosystem is undergoing notable changes, according to an update by Leon Waidmann from Onchain Insights. In his latest post, Waidmann highlighted Ethereum staking reaching an all-time high while exchange reserves hit record lows. At the time of writing, Ethereum was valued at $2,680.40 showing a 9.26% growth over the past 24 hours. #Ethereum Staking at ATH levels, while ETH on exchanges is hitting record lows. 📈📉A supply squeeze incoming!Bullish #ETH 🟢🚀 pic.twitter.com/Vwd1RT2lwP — Leon Waidmann | Onchain Insights🔍 (@LeonWaidmann) November 6, 2024 These developments suggest a potential supply squeeze, which could boost ETH’s price. Also, on-chain data points to…
MicroStrategy (MSTR) might be on the verge of achieving a significant milestone. According to BitMEX Research, MSTR is just two trading days away from maintaining a 20-day streak of closing above $186.23 within a 30-day window. In a recent tweet, BitMEX Research highlights that MicroStrategy’s stock has held steady, maintaining a closing price above $186.23 for 18 out of the last 28 trading days. If this trend continues for the next two days, MSTR will have closed above this critical threshold for 20 trading days within 30 days. Looks like 2 more days to go, until $MSTR closes over $186.23…
Data shared by “Ripple Stablecoin Tracker” account on the X platform, referring to Etherscan, shows that Ripple Labs blockchain heavyweight continues to issue new RLUSD stablecoins after the recent launch of the new asset. The data source showed that, today, the RLUSD Treasury minted 90 dollar-based stablecoins on the Ethereum chain. The post was published roughly 13 hours ago, but it was not the only batch minted today. Prior to that, according to the tracker, the Treasury also made several RLUSD emissions, and 402 RLUSD were created in total today. 💵💵💵 90 #RLUSD minted at RLUSD Treasury.https://t.co/tv9whMgq4o — Ripple Stablecoin…
MicroStrategy surpasses Coinbase in market cap after announcing a $42 billion fund to increase Bitcoin holdings over three years. MicroStrategy’s bold Bitcoin strategy contrasts with Coinbase’s platform-focused approach, reflecting different bets on crypto’s future. MicroStrategy’s Bitcoin-focused investment could drive institutional interest but carries risks given regulatory uncertainty. MicroStrategy has now surpassed Coinbase in market capitalization following the announcement of a substantial capital-raising effort aimed at purchasing more Bitcoin. It also unveiled that it currently plans to collect $42 billion of additional resources in the next three years to support its investments in Bitcoin. MicroStrategy overtakes Coinbase’s market cap after announcing…
The company has sold 1.02 billion tokens at $0.015 apiece after adjusting its fundraising goal from $300 million to $30 million. Its ether stash has grown by $1 million after a 16% rise over the past few days. The token sale is still live although sales have slowed with just $364,000 being recorded since the start of November. World Liberty Financial, the decentralized finance (DeFi) project backed by the family of the former president and now president-elect Donald Trump, has made $1 million in unrealized gains following a muted token sale last month. The company slashed its fundraising goal to…
Ether saw a 10% increase in the last 24 hours, reaching over $2,800, while other cryptocurrencies experienced profit-taking. This surge is linked to optimism around DeFi following Trump’s presidential win, where expectations of pro-crypto policies and deregulation are boosting investor confidence. Trump’s potential policies might ease regulatory burdens, allowing DeFi projects more freedom and possibly recognizing tokens as commodities, which could enhance the sector’s growth and innovation. Ether (ETH) crossed $2,800 for the first time since early August, breaking out of rangebound trading that saw prices stuck between $2,300 and $2,600 levels despite a breakout in bitcoin (BTC). A ratio…
The U.S. Securities and Exchange Commission has published the application to uplist a Grayscale digital asset fund to an exchange-traded fund in the Federal Register. The SEC’s action signals that the review process for the NYSE Arca filing, which seeks to convert the multi-token Grayscale Digital Large Cap Fund into an ETF, is now underway, according to a Grayscale announcement on Nov. 4. NYSE Arca recently submitted Form 19b-4 to list and trade shares of the Grayscale fund. The SEC’s decision to add the proposal to the Federal Register has formally initiated the review process for the proposed rule change.…
Cardano (ADA) is seeing significant bullish momentum today. While there is a notable price increase, there is also a major increase in its trading activity. According to CoinGlass, the trading volume of ADA has exploded 83.12% in the last 24 hours. Currently at the $395.69 million level, volume is rising across all major trading platforms. Data reveals that $180.16 million of the volume comes from Binance, $77.64 million from Bybit, $57.82 million from OKX, $25.15 million from BingX and $10.44 million from Bitget, among others. These top crypto exchanges are seeing intense trading activity for ADA as traders have initiated…
The price of Bitcoin briefly dipped below $70,000 Thursday after closing in on a new all-time high earlier in the week. On Tuesday, the asset nearly beat its March record of $73,737. It then traded sideways before dipping on Thursday. Over the past 24 hours, the world’s largest crypto fell 2.8% to $70,300. CoinGecko data shows. Its dip comes as traders sold off equities, with the Nasdaq and S&P 500 having their worst day in a month after top tech companies Meta and Microsoft said they would spend more to meet growing AI demand. Bitcoin and the broader crypto market…
According to the latest data, the crypto economy’s 2.45% climb over the last day is pushing the total value locked in decentralized finance (defi) protocols tantalizingly close to a $100 billion milestone. $100 Billion in Sight in the Wide World of Defi Protocols As of 11 a.m. Eastern Time (ET) on Thursday, the total value locked (TVL) in defi is resting at $94.491 billion, just $5.509 billion shy of that significant $100 billion target. Leading the defi scene are the top three protocols: Lido with $27.507 billion, Aave holding $14.964 billion, and Eigenlayer managing $11.906 billion. Each of these protocols…