Author: NBTC
Decentralized credit protocol Maple reported that none of the platform users’ positions were liquidated during the Feb. 2 price crashes, resulting in no bad debt. It also reported that users deposited $10 million to reinforce their margins over the period to avoid liquidation events. Over $10 billion was liquidated in a single day, as Ethereum (ETH) briefly dropped into the low $2,000 price area and major cryptocurrencies experienced declines ranging from 10% to 30%. Maple is a decentralized credit protocol in which users deposit assets into a pool that acts as a credit line for institutions. According to rwa.xyz data,…
In the last 24 hours, Ripple’s RLUSD stablecoin has seen an increase in activity, with 15,742,960 RLUSD moved across various transactions, according to Ripple stablecoin tracker data. This trend highlights the growing interest in the Ripple stablecoin amid the current market uncertainty. Ripple Stablecoin Tracker, a community account on X tracking the minting, redemption and transfer of Ripple’s RLUSD, has reported several transactions in the last 24 hours, the majority of which included RLUSD being transferred between unknown wallets and one from the RLUSD treasury into unknown wallets. 🚨🚨🚨🚨🚨🚨 1,800,010 #RLUSD transferred from unknown wallet to unknown wallet.https://t.co/A9CDbH8ajx — Ripple…
Binance, one of the biggest centralized exchanges, is leading the weekly trading volume charts with $113.6 Billion volume in the last 7 days. Here’s a full breakdown of the top centralized exchanges by their trading volume. TOP CENTRALIZED EXCHANGES BY WEEKLY TRADING VOLUME #Binance #Cryptocom #Bybit #Coinbase #GateIo #MEXC #OKX #Upbit #HTX pic.twitter.com/A36yNakAS4 — PHOENIX – Crypto News & Analytics (@pnxgrp) February 6, 2025 Top Performers: An All-Around View The top centralized exchanges are arranged here according to their 7-day (weekly) trade volumes: When it comes to the number of trading volumes, Binance is on the top. The exchange handled…
Bitcoin (BTC) has dropped 5.5% in the past 24 hours, falling below the $100,000 mark, despite a 38% surge in trading volume to $67 billion. The decline stems from bearish signals in key metrics, including the 7-day MVRV Ratio and heightened whale activity, both indicating mounting selling pressure. While BTC’s EMA lines maintain a bullish outlook, a rapid decline in short-term EMAs suggests a potential bearish reversal if a death cross occurs. The next few days will be pivotal as BTC approaches critical support and resistance levels, which could shape its next directional move. MVRV Ratio Shows BTC Could Continue…
Bitgert, a rapidly growing cryptocurrency project, has officially announced a strategic partnership with ChimpxAI. Bitgert communicated this development through its official X account, with both projects further along their journey of growth. ChimpX Revolutionizes DeFi with Automated, Confidential Transactions ChimpX has created this innovative platform in order to simplify the experience when transacting in decentralized finance (DeFi). The goal of this is to automate essential processes like bridging, trading, and investing, while making sure that it is completely confidential for its users. The mission of this approach is to provide a feasible and efficient service to provide DeFi for both…
New numbers show retail investors bought billions of dollars in equity funds last week, as fears over the Chinese AI app DeepSeek triggered major market volatility. Data from Emerging Portfolio Fund Research (EPFR), Haver Analytics and Deutsche Bank shows traders specifically poured $6.5 billion in US technology sector funds in just seven days. Adam Kobeissi, founder and editor-in-chief of The Kobeissi Letter, says the tech sector boom is part of an overall deluge of capital into equity funds at large. “Total equity fund inflows reached ~$25 billion last week. Bullish sentiment is extremely strong right now… In fact, bullish sentiment…
Market commentators view Ripple’s acquisition spree, surpassing $250 million, as a strategic move to position the company and XRP at the forefront of the financial world. Austin King, co-founder of Omni Network, who sold his company to Ripple, is among those championing this perspective. In a tweet today, he argued that Ripple’s acquisitions are part of a broader strategy to expand XRP’s role in global banking. Ripple’s Key Acquisitions One of the standout acquisitions is Metaco, a provider of custody services for cryptocurrencies. Notably, news of this acquisition first broke in May 2023. Meanwhile, a subsequent report by The Crypto…
A wave of closures has hit South Korean crypto exchanges, with smaller firms exiting the market as regulatory compliance and banking access remain hurdles. South Korea‘s crypto exchange market is getting smaller, as new government data shows the number of registered virtual asset service providers has dropped since last year. A Feb. 7 report from the Financial Intelligence Unit revealed that as of press time, there are only 31 registered crypto trading firms in South Korea, down more than 26% from 42 last year, South Korean newspaper Dailian reports. The delisted companies include GDAC, ProBit, Huobi Korea, and Bitrade, among…
Cryptocurrency analytics firm CryptoQuant has expressed concern over the strength of Bitcoin’s recent move, citing the drop in funding rates as a signal of weak demand in the derivatives market. Funding rates, which measure the cost of holding a long position in Bitcoin futures, are considered a critical indicator of market sentiment and momentum. During Bitcoin’s recent rally, funding rates saw a noticeable increase amid the rally, indicating a delayed influx of demand from the derivatives market. However, funding rates have declined sharply since Bitcoin’s decline from the key $108,000 resistance level. CryptoQuant noted that this decline highlights two key…
After a Japan-US summit meeting in Washington D.C., Japan’s prime minister Shigeru Ishiba has expressed his intention to invest $1 trillion into the United States — an “unprecedented” level, according to the PM. The two statist figureheads also discussed the long-debated fate of US Steel, and will be strengthening bilateral military defense support. Japan’s new Christian, self-labeled “defense geek” prime minister (PM), Shigeru Ishiba, said at a joint press conference on Saturday (JST), that the Japanese government would increase investment in the United States to an “unprecedented” level of $1 trillion (approx. 150 trillion JPY). Ishiba praises US Steel investment,…