Author: NBTC
A huge amount of XRP – 29,532,534 tokens worth about $75.38 million – has just appeared on major U.S. crypto exchange Coinbase. The transfer, spotted by Whale Alert, came from an unknown wallet called “r9ZMd” and landed in a Coinbase address labeled “r4sR.” It is the kind of move that makes people stop and wonder: What’s going on here? When something like this happens, the first thought is usually – is this a sell-off? Big transfers to exchanges often mean someone is getting ready to cash out, which could drive prices down. But it is not always that simple. Then…
On Friday, as the weekend looms, bitcoin (BTC) is holding its ground at $96,751 per coin. Over at Coinbase, a curious twist has appeared over the past 11 days with a negative premium gap of $122, while South Korea is displaying a premium of 3.3% on bitcoin’s price. Bitcoin Price Divide Prior to bitcoin reaching its all-time high of $108,364 per coin, the Coinbase premium and premium gap had largely stayed consistent and positive, with just a brief dip on Nov. 24–25. To clarify, the Coinbase Premium Gap index from Cryptoquant tracks the price difference between bitcoin (BTC) traded on…
Charles Hoskinson, the founder of Cardano and co-founder of Ethereum, has recently criticized Ethereum following the significant security breach experienced by the cryptocurrency exchange Bybit. The hack resulted in the loss of over $1.4 billion in crypto assets, including 401,347 Ether and various staked Ether tokens. In a response to Arthur Hayes’ suggestion of a potential Ethereum rollback to address the breach, Hoskinson wrote “Ethereum Classic.” (Ethereum Classic)^2 🙂 https://t.co/JRpIrB9Yoa — Charles Hoskinson (@IOHK_Charles) February 21, 2025 He has previously described Ethereum as “a dumpster fire” and compared its potential decline to that of early internet platforms like MySpace and…
Ripple’s XRP displays recovery signals after significant declines, down 7% lower on the weekly chart. According to Coinmarketcap, the token’s trading volume exploded by 122% to $5.45 billion within the past 24 hours. That signals increased trader activity and boosted liquidity, confirming a potential comeback after recent struggles. Nevertheless, the surged trading volume coincides with significant rallies from Kitty Cup – an XRP Ledger-based meme coin. Kitty Cup drives XRP activity XRP’s surging trading volumes come as Kitty Cup- a meme token on the XRPL, record substantially rallies. The cat-themed coin gained nearly 90% from yesterday’s lows of $0.000614 to…
Bitcoin (BTC) saw explosive momentum starting in early November. By December 4, the leading cryptocurrency reached a new all-time high — closing above $100,000 for the first time in history. However, in mid-December, the Federal Reserve announced that it would only make two rate cuts in 2025. Both the stock market and the cryptocurrency market saw an immediate pullback — on December 20, as much as $310 billion in value stored in digital assets was erased. Things have improved somewhat since then — BTC has not reclaimed the $100,000 mark as of press time, but it has retraced back to…
Ethereum emerged top of the real-world assets table as the total value of assets under management grew by 10% in the past 30 days to $4.1B. Ethereum’s RWA market share also went up 3.39% to 54.5% as the number of RWA holders in the ecosystem increased 3.05% to 62.28K. RWA.xyz data also revealed that the number of RWA tokens issued on the Ethereum network had increased to 163. According to Christine Kim, the Vice President of Research at Galaxy Digital, 13 of the 20 financial institutions identified as having built crypto-specific infrastructure and applications were issuing RWAs on Ethereum and…
While the entire cryptocurrency segment is in the middle of a modest correction, the meme cryptocurrency segment has taken a hit. Its daily performance looks even weaker compared to the market benchmark, but ambitious newcomers bring some optimism. Meme coins lost 5% of market cap in 24 hours The segment of meme cryptocurrences is bleeding today, Dec. 30, 2024. Its aggregated market capitalzation plunged by almost 5%. Meme crypto market caps dipped below $105 billion, CoinGecko tracker says. Meanwhile, the market benchmark only lost 4.6% in the corresponding period. The top 10 largest meme coins are sending mixed signals to…
It is a new week, but the attention remains on what it was on at the end of the previous one – the second largest offshore crypto exchange in the world, ByBit. If you are not familiar with it – which seems nearly impossible judging by the scale of the news – the exchange was “hacked” for a sum in assets equivalent to about $1.5 billion. It remains an open question how this was possible, but for now it can be concluded that this was the biggest hack ever in the digital asset industry. However, the point of this article…
On a recent episode of the Galaxy Brains podcast, Michael Saylor made the case that bitcoin isn’t a currency and that it’s best to think of it as capital and capital only. He also shared that Tether (USDT) and Circle’s USD Coin (USDC) are the real digital currencies and unveiled his “evil genius strategy” (his own words) to get the world to adopt the U.S. dollar stablecoins as opposed to bitcoin. In this Take, I’ll cite some of Saylor’s own words from the podcast before breaking down why many of the points he made are off base. Capital, Not Currency…
A well-known cryptocurrency analyst has suggested that DeFi 3.0 is making a comeback. The analyst’s statement comes roughly two years after the excitement around the DeFi sector hit its peak, before giving way to a crypto bear market. According to the analyst, better user experience and card payment options are working together to power the potential DeFi resurgence. https://twitter.com/Altcoinbuzzio/status/1894309666324451555 Projects to Watch as DeFi 3.0 Potentially Revives The analyst mentioned top DeFi projects he thinks crypto users should watch closely as the potential starters of the next phase of DeFi resurgence. These include AAVE, RAY, HYPE, and UNI. Of all…