Author: NBTC
In October 2024, the NFT market recorded remarkable activity, with several high-value sales reflecting sustained interest in digital collectibles. Leading the month’s sales was the “Chatbot and Chill?” NFT sold its products for 800 ETH, equivalent to about $1,920,142. TOP #NFT SALES IN OCTOBERAmong the largest sales in the October are:#CryptoPunks#SuperRare#AzukiLargest Sale: Chatbot and Chill? – $1.92M pic.twitter.com/uf536cc5mp — PHOENIX – Crypto News & Analytics (@pnxgrp) November 3, 2024 This sale is evidence of collectors’ and investors’ ongoing desire to acquire novel digital artwork. Phoenix, a crypto analytical and news platform revealed the stats of top non-fungible token (NFT) sales…
This is a segment from yesterday’s Forward Guidance newsletter. To read full editions, subscribe. Dominic Rizzo, who manages T. Rowe Price’s new technology-focused ETF, is “a big believer” in crypto, DeFi and stablecoins. “Over the long run, I think there are going to be plenty of applications that utilize the technologies,” he said. “Unfortunately, right now — as a public market equity investor — there are actually not a lot of ways to get exposure to those trends (that fit my investment frameworks), outside of Coinbase.” 0.89% of the fund’s total holdings are in COIN, as of Tuesday. A drop…
The crypto community witnessed another exchange between Cardano founder Charles Hoskinson and the Solana community amid their ongoing rivalry. This time, the interaction occurred in the context of a humorous, fake news article shared by Nansen CEO Alex Svanevik on X. Svanevik posted a screenshot of a fabricated article, which claimed that Singaporean customs officers arrested the founder of Solana-based protocol Solend (now Save Protocol) for attempting to smuggle 20,000 condoms into the city-state. The report suggested the condoms were for an upcoming crypto conference, specifically Solana’s Breakpoint event, set to take place in Singapore. The timing and content of…
ETFs focused on Bitcoin have acquired over one million BTC in under a year, highlighting significant institutional interest and participation. Many institutional investors are purchasing Bitcoin at high prices, averaging between $65,000 to $73,000, indicating a long-term investment strategy rather than short-term speculation. Analysts speculate whether these large institutional investments could signal a market top, yet the strategic nature of these purchases suggests that firms are bracing for market fluctuations. ETFs offering exposure to Bitcoin spot have now acquired over one million BTC, a level achieved within less than a year and suggesting further large institutional participation in the cryptocurrency…
We live in a time when cryptocurrency offers us truly intriguing projects that aim to revolutionize how we perceive and use the internet, assets, financial investments, and everything happening online. Among many projects being developed and launched in crypto, NFTs may be among today’s most popular concepts. Who knows when you will find the cheapest Bored Ape NFT in the entire NFT market, right? While some NFTs can be earned for free through various NFT airdrops and giveaways, others might have high prices. And given the state of the NFT space at the end of Q3, when the total market…
Ellipsis Labs raises $20 million from Haun Ventures to accelerate the launch of Atlas, a layer-2 blockchain focused on verifiable finance. The team currently operates Phoenix, a Solana-based decentralized exchange. Ellipses closed a $20 million series A round in April, led by Paradigm. Ellipsis Labs, the team behind the Solana-based decentralized exchange Phoenix, has raised $20 million from Haun Ventures to launch Atlas, a new blockchain purpose-built for what is being termed, “verifiable finance.” Co-founders Eugene Chen and Jarry Xiao, who have backgrounds in high-frequency trading, founded Ellipsis Labs in 2022. According to a statement from Haun Ventures, their “key…
Meme coin exchange-traded funds (ETFs) are expected to be the next big thing in the digital asset sector. In an interview with Tony Edward, the host of Thinking Crypto podcast, Matt Hougan, the CIO at Bitwise, talked about the possibility of such an investment product and their potential impact on crypto. In the interview, Hougan talked on multiple topics including the possibility of the approval of meme coin ETFs in the near future. The Bitwise executive said that the ETFs may or may not “fit into the bitwise framework of the world” while adding that a lot of such investment…
The Bitcoin (BTC) price reached a high of $73,525 on October 29. Bitcoin price long-term forecast: bullish Now, the Bitcoin price has fallen to a low of $68,141 and is still above the 21-day moving average. The largest cryptocurrency is at risk of a further decline if the price slips below the moving average lines. A break below the 21-day SMA support will result in Bitcoin falling to a low above the 50-day SMA or a low of $64. Bitcoin is expected to resume its positive trend if it retraces and stays above the moving averages. Bitcoin is currently bearish…
Bitcoin rollup Citrea raised $14 million in Series A funding led by Peter Thiel’s Founders Fund. The project aims to transform the Bitcoin blockchain into a venue for smart contracts by using zero-knowledge (ZK) technology to make bitcoin a programmable asset. Adding greater utility to Bitcoin is of “critical” importance, Citrea said. Citrea, a Bitcoin project striving to expand the utility of the original cryptocurrency by using zero-knowledge technology, said it raised $14 million in Series A funding. The investment was led by Peter Thiel’s Founders Fund and included contributions from angel investors Erik Voorhees and Balaji Srinivasan, according to…
A top L1 blockchain Aptos has recently reported substantial growth in terms of on-chain activity as the impressive statistics showcase the development. The blockchain recorded up to 5.4M active addresses over the month apart from a staggering 578M transfers, representing increased consumer engagement and optimism for the overall Aptos ecosystem specifically at a time of fears concerning bot inflation. 🔥 @Aptos reports a record in on-chain activity#Aptos, a #layer1 blockchain, has reported significant growth, with 5.4 million active monthly addresses and 578 million transactions last month. This marks a notable increase in on-chain activity, while the $APT token has seen…