Author: NBTC

The second-largest cryptocurrency by market capitalization Ethereum ($ETH) has significantly underperformed Bitcoin in recent months to the point the ETH/BTC ratio, a key indicator of the relative strength of the two cryptocurrencies, has plummeted to its lowest level since April 2021, reaching a precarious 0.044. According to data shared by leading institutional digital asset data provider CCData, ETH has been consistently underperforming Bitcoin. Meanwhile ETH rival Solana has bucked the trend, with the SOL/ETH ratio steadily climbing to now be near a new all-time high. Chart of the Week: #Ethereum has significantly underperformed vs #Bitcoin, with the ETH/BTC ratio reaching…

Early investors in the popular memecoin PEPE are cashing out, after a four-month lull, sparking renewed interest and speculation in the volatile crypto market. A large-scale transfer of 451.1 billion PEPE tokens, worth nearly $4.24 million, marks a remarkable 5070x profit for the anonymous whale who made an early bet on the frog-themed token. PEPE 早期投资者在沉睡四个月后将 4511 亿枚 $PEPE 转移至新地址 0xd0f…8aa69，价值 424 万美金，已浮盈 5070 倍！😵该巨鲸在 PEPE 上线三天后花费 1.86 ETH（3889 美金）买入了 22360 万亿枚代币，均价仅 $0.000000001739；他卖出大部分代币后已将剩余部分分发至三个地址 pic.twitter.com/tnrpV4M3M8 — Ai 姨 (@ai_9684xtpa) July 12, 2024 Data analysis revealed the early investor’s journey with PEPE. Just three days after the token’s launch, the anonymous entity…

In a video released on June 22, crypto analyst Lark Davis delves into a critical question for cryptocurrency investors: What will happen to Bitcoin’s price when the Federal Reserve eventually cuts interest rates? Lark Davis begins by examining the history of rate cuts and their effects on financial markets. Davis notes that over the past 50 years, the US has undergone seven rate cut cycles, typically lasting around 26 months each. According to Davis, stock markets generally perform well during these cycles if the economy remains robust. Davis explains that increased spending during these times boosts corporate profits, leading to…

The crypto market saw contrasting trends concerning Bticoin and Ethereum exchange-traded funds on August 7. Lookonchain, a popular on-chain analytics firm, disclosed that the noteworthy inflows of ETH ETFs have contrasted with the huge outflows of BTC ETFs, highlighting a change in the sentiment of crypto investors. The analytics platform disclosed the latest update concerning the ETFs on its official social media account. 9 #Ethereum ETFs inflows 44,447 $ETH($110.1M), 2 consecutive days of net inflows!Aug 7 Update:10 #Bitcoin ETFsNetFlow: -1,899 $BTC(-$109.14)🔴#Fidelity outflows 1,137 $BTC($65.33M) and currently holds 175,858 $BTC($10.11B).9 #Ethereum ETFsNetFlow: +44,447… pic.twitter.com/foD2PvmxJy — Lookonchain (@lookonchain) August 7, 2024 Bitcoin…

20 million tokens of the 100 million total supply will be sold on Fjord Foundry at a fixed price of $0.30. “Rage Quit” feature introduced to allow private investors to get their allocation early for a 60% haircut. RAGE will be one of the first tokens on Hyperliquid, a newly-launched layer-1 blockchain. Decentralized exchange (DEX) perpetual aggregator Rage Trade has announced plans to issue a new token (RAGE) via a liquidity generation event and a token sale on hosted on Fjord Foundry on Aug. 7. The token will be built on the recently-released Hyperliquid blockchain, a layer-1 network that initially…

Shytoshi Kusama, the enigmatic leader of the Shiba Inu ecosystem, issues a trolling comment in reaction to the news that Dogecoin is developing a game. In an exciting development, Jordan Jefferson, the CEO and co-founder of popular crypto wallet My Doge, recently announced that Dogecoin was making preparations to enter the gaming industry. “Gaming on Dogecoin is coming,” Jefferson remarked in a recent tweet. The famous software engineer attached a short video of what appeared to be a snippet from the game. In the video, three dogs bow to a warrior-like dog statue. Shiba Inu Lead Reacts As expected, the…

in a video released on June 22, prominent crypto analyst and Trader Eric Crown talked about what to expect from Bitcoin in July July 2024. Crown begins his analysis by noting that with just over a week left until July starts, it’s an appropriate time to review historical returns for July and compare them with the past few months. Crown highlights that historically, July has been a positive month for Bitcoin, with nine out of the last fourteen Julys closing positively, yielding a probability of just over 64% for a positive close. Crown details that the average return for positive…

The recent surge in Ethereum (ETH) inflows suggests growing investor interest, despite lingering market volatility. Michael van de Poppe highlighted this trend on X (formerly Twitter), noting that $150 million flowed into Ethereum ETFs in just two days. This inflow nearly matches the $160 million ETH supply created in 2024. Michael stated that the demand is exceeding the supply and that he thinks Ethereum is significantly undervalued. Furthermore, he added that Ethereum might be ready for a big run if the inflow sustains. The $ETH supply was created in 2024: $160 million.The net inflow in $ETH ETF in the past…

Lucie, the official social media marketing expert of the Shiba Inu developer team, has taken to her X (formerly famous as Twitter) account to address the army of Shiba Inu haters that frequently takes jabs at the Shiba Inu ecosystem in general, Shibarium or the SHIB token, or any of SHIB’s strategic partners in particular. Lucie shared her take on their behavior and strategy, revealing why she disagrees with unsubstantiated criticism, hate and FUD – not only against SHIB but in the cryptocurrency space in general. Lucie issues call to SHIB haters The SHIB executive tweeted that since “haters gonna…

Regarding Ethereum’s upcoming crucial technical update announcement, Vitalik Buterin recently had to clarify some misunderstandings. It was stated in error in a tweet that the M31 binary statelayer of Ethereum was switching from 16 to 32 bits. This was clarified by Buterin, who said that it was really shifting from 64 bits to 32 bits. This is a significant change which may drastically speed up the proving on the network, leading to better performance. Part of Ethereum’s attempts to improve network efficiency is this update: Developers can now write STARK proving code in Python that runs on GPUs by utilizing…