Author: NBTC
Grayscale Investments announced additions to its Smart Contract Fund, and guess what? Cardano (ADA) is now on the roster. It is stepping up alongside Ethereum, Solana, Avalanche, Sui, Near and Polkadot, finding its place in the latest fund rebalancing. Let’s talk numbers. SOL takes the top spot with 31.3%, just edging out Ethereum at 31.22%. Cardano? It is coming in strong at 18.23%, securing a firm third place. Avalanche is next at 7.26%, while Sui, Near and Polkadot make up the remaining slices, with 6.50%, 2.95% and 2.54%, respectively. The fund sticks to a market cap-weighted approach, but no single…
Binance finally responds to traders online accusing the exchange of manipulating the market by ‘dumping’ millions of SOL and ETH tokens through Wintermute. In a recent post shared by the Binance Customer Support account, Binance replied to a trader asking about the on-chain data that showed Binance’s hot wallet “sending” millions of Solana (SOL) and Ethereum (ETH) tokens from its holdings on Feb. 24. The trader accused the exchange of “dumping on everyone” by offloading the tokens. Responding to the comment, Binance denied accusations that it had “dumped” or “sold” millions of tokens. It claimed that many traders have simply…
In a striking development in the cryptocurrency market, two newly created wallets have withdrawn a total of 1,178.5 Bitcoin (BTC), valued at approximately $102 million, from Binance, one of the leading cryptocurrency exchanges. This large-scale transfer has caught the attention of market observers and raises questions about the implications for Bitcoin’s liquidity and market dynamics. 2 newly created wallet withdrew 1,178.5 $BTC($102M) from #Binance today.https://t.co/hbqS23kjYshttps://t.co/vzuCy8kFIo pic.twitter.com/9FzX3ypyxT — Lookonchain (@lookonchain) February 27, 2025 According to Lookonchain,The transfers occurred earlier today, involving substantial sums moved to external wallets. The first wallet received 978 BTC, amounting to roughly $84.02 million, while the second…
The Ethereum Foundation has announced $2 million in grants for Ethereum-related academic research, with proposals due by March 16, 2025. Ethereum Foundation Launches Third Annual Academic Grants Round The Ethereum Foundation is offering $2 million in grants to support academic research related to Ethereum, with applications accepted until 23:59 AoE on March 16, 2025. This marks the third iteration of its annual Academic Grants Round, following successful programs in 2023 and 2024. The development emerges as the Ethereum Foundation appoints Aya Miyaguchi to President, a strategic shift reflecting its evolving leadership framework. The 2025 round seeks proposals across disciplines such…
Iran blocks rial payments for crypto, affecting 10 million users amid economic crisis. Central Bank of Iran takes full control, tightening regulations on crypto trading. Authorities crack down on USDT, imposing a 4% daily price fluctuation limit. Iran is tightening control over cryptocurrencies as its economy struggles with rising inflation and a weakening national currency. The latest restrictions have left millions of crypto users in the country facing new challenges. At the same time, this crackdown has added more pressure to the global crypto market, which has already lost $500 billion in value over the past week. Iran Blocks Rial…
Wang Xin, founder of Qvod and a well-known serial entrepreneur, announced that he has increased his holdings of FAIR³ tokens during a recent Binance China Community Q&A. Although he did not disclose the specific amount of his investment, the market quickly reacted, driving the token price up by more than 30% in a short period of time. As of the last update, FAIR³ is trading at $0.01767. However, the token is not yet listed on centralized exchanges and could be high risk and could also be a fraudulent pump-dump scheme. Wang has previously expressed his commitment to the Web3 ecosystem…
Jim Cramer, a prominent financial commentator and the host of the Mad Money show on CNBC, has published a tweet about the Robinhood investment platform. He believes that this platform is important for future generations of investors and sets them on the right path. Investment houses lose it to Robinhood: “Big mistake” Cramer underscored that Robinhood is “not a play on crypto or dangerous options.” The financial expert pointed out that the platform is likely to be used by millennials and generation Z: “an investment in the way the next generations will invest.” Besides, Cramer said that the aforementioned financial…
A closely followed economist thinks that Bitcoin (BTC) may be repeating a similar pattern from last year and still has room to run to the upside. Alex Krüger tells his 206,800 followers on the social media platform X that Bitcoin’s latest severe correction is similar to when the flagship crypto asset collapsed to range lows in April 2024 before printing a series of rallies. However, he warns that the uncertainty around US President Donald Trump’s tariff polices remains a big risk for the crypto markets. “The dominant mood across crypto market participants is ‘it is over.’ For good reason. The…
The crypto market is in freefall, with its total market capitalization dropping to $2.67 trillion, down from over $3 trillion just days ago. In the past 24 hours alone, the market has lost over 7% in value, continuing a brutal sell-off that has left many investors worried. Total crypto market cap in USD 1-day chart – TradingView Ethereum has taken a major hit, currently trading at $2,150, dangerously close to the crucial $2,000 support level. ETH has lost 9% in the past 24 hours and 23% in the past week, making it one of the worst-performing major cryptocurrencies. —> Click…
The so-called ‘Trump Trade’ faces intense scrutiny as Bitcoin (BTC), Tesla (TSLA), and the US dollar all experience significant declines. The initial enthusiasm for President Donald Trump’s pro-growth policies has faded, leading to disappointment in the financial markets. Bitcoin, Tesla, and US Dollar Show Sharp Decline Bitcoin, which had surged past $100,000 amid optimism for a second Trump administration, has now dropped below $85,310. Market analysis points to a lack of solid support between the $90,000 and $70,000 range, raising concerns about further declines. BTC Price Performance. Source: TradingView The sharp fall comes as traders react to President Donald Trump’s…