Author: NBTC
Galaxy Digital signed a non-binding deal with a U.S.-based hyperscaler firm to turn all its 800 megawatts of mining capacity into hosting high-performance computers. The move comes as the Bitcoin halving contributed to a profit squeeze for the firm and the mining industry as a whole. Galaxy has 200 megawatts of mining operating out of 800MW approved capacity and another 1.7 gigawatts under study for a potential permit. The brutally competitive bitcoin (BTC) mining industry is offering a clear choice to miners: pivot to artificial intelligence (AI) computing or suffer losses. Michael Novogratz’s Galaxy Digital (GLXY.TO) is the latest to…
Approximately 28,000 Bitcoin options contracts are expiring on Friday, Nov. 1, with a notional value of around $2 billion. Today’s options expiry is much smaller than last week’s month-end event, which saw more than double the value of BTC options expiring. Therefore, its impact on spot markets is likely to be muted. Bitcoin Options Expiry This week’s tranch of Bitcoin options contracts, the first in November, has a put/call ratio of 0.92. This means that long (calls) and short (puts) contract expiries are more evenly distributed. The max pain point of today’s batch is $69,000, which is pretty close to…
SynFutures, a decentralized derivatives trading platform, has launched its Perp Launchpad, designed to help crypto projects establish perpetual futures markets. The platform’s objective is to increase trading access for lesser-known tokens, offering more opportunities for users to engage with a diverse range of digital assets, according to a SynFutures press release. Introducing SynFutures Perp Launchpad + a $1,000,000 Grant 🎉This is the first ever crypto derivatives launchpad. Now, any project can launch perpetual futures trading pairs for any crypto asset.Additionally, SynFutures is allocating $1 million Perp Launchpad Grant to support… pic.twitter.com/WUZ6NuyHT2 — SynFutures (@SynFuturesDefi) November 5, 2024 This launchpad stands…
Binance, a major global cryptocurrency exchange, has thrown its weight behind the upcoming hard fork and network expansion of Firo, a privacy-focused digital currency formerly known as Zcoin. This development, announced on September 12th, is set to enhance the Firo network and attract greater attention from the crypto community. The news has already positively impacted Firo’s price, which jumped 3%. Binance Gears Up for FIRO Upgrade According to Binance’s official statement, the exchange is actively working to support Firo’s network upgrade and hard fork. Additionally, Binance plans to temporarily suspend FIRO token deposits and withdrawals from September 16th at 04:00…
BTC’s inability to break its own all-time high has resulted in a massive rejection that pushed it south hard to under $69,000 earlier today. The altcoins have followed suit, which has harmed over-leveraged traders, with more than 90,000 such market participants getting wrecked in the past day. The primary cryptocurrency was on a roll this week, perhaps driven by the massive net inflows into the 11 US-based spot Bitcoin ETFs. As reported yesterday, October 30 was the second-best day for the financial products in terms of net inflows since their inception in mid-January. The rally culminated on Tuesday with a…
Within the crypto space, an investor with the handle “walletmobile” has reportedly staked $9.25 million worth of USDC on Trump emerging as the 2024 U.S. presidential election winner. The large bet has been recorded by Lookonchain, a blockchain analysis company, and has drawn much attention due to the high risk. Huge bets!walletmobile has spent 9.95M $USDC in the last 10 hours betting on #Trump to win the #USelection.https://t.co/u5tvCBOryz pic.twitter.com/62Z8xI2Dwj — Lookonchain (@lookonchain) November 5, 2024 Details of the Bet From the Lookonchain data, “Walletmobile” sent $9.95 million USDC stablecoin to finance the result of the U.S. election. This large amount…
Bitcoin prices dropped nearly 4% in the last 24 hours, moving from $72,500 to just above $69,000, with the overall crypto market cap decreasing by 5.5%. The Fear and Greed Index indicated “extreme greed” on Thursday, potentially signaling a market top. By Friday, the index showed “greed,” suggesting further price corrections might occur. Nearly 90% of the futures positions were long (expecting price increases), highlighting a bullish market sentiment before a sharp correction. Bitcoin (BTC) price fell nearly 4% in the past 24 hours amid continual profit-taking ahead of the weekend, causing a wider market retreat that led to over…
The NFT market has experienced a sharp rise, with its market cap increasing by 10.9% in the past 24 hours, reaching over $23 billion. This growth in the NFT market coincides with a broader rally in the cryptocurrency market following Donald Trump’s re-election, which has sent shockwaves across the digital asset ecosystem. In the past 24 hours, the entire cryptocurrency market cap has climbed to approximately $2.6 trillion, reflecting a 0.6% increase in market cap alongside an impressive $224 billion in trading volume. Bitcoin, the leader of the crypto market, reached an all-time high, pulling up the overall market cap…
Stellar has partnered with Hypernative to improve its network security and protect against hacks. Projects building on Stellar will benefit from real-time monitoring, risk management, and incident response tools. Stellar, a blockchain designed for global financial services, has partnered with Hypernative to enhance security across its network. Through integration of Hypernative’s real-time threat detection and response platform, Stellar will be in a position to protect its ecosystem from potential hacks and other security risks. .@StellarOrg switches on ecosystem-wide protection from hacks with Hypernative! Projects on Stellar will get:✅ Security monitoring✅ Compliance✅ Threat intelligence✅ Financial & market risks✅ Operational risks✅ Governance…
A closely followed crypto analyst says is turning bullish on Bitcoin (BTC) as the flagship crypto asset hovers above $70,000. In a new strategy session, trader Michaël van de Poppe tells his 734,900 followers on the social media platform X that Bitcoin could see a 10% to 38% rise in price between now and the end of the year. “It was less than two to four weeks and we’ve got close to the all-time high for Bitcoin. What’s next? I think $80,000 in November, $90,000 [to] 100,000 in December.” Bitcoin is trading at $70,258 at time of writing, about 4.7%…