Author: NBTC
Solana-based memecoin “Act I : The AI Prophecy” (ACT) has crashed nearly 50% in the last 24 hours, causing speculation on the cryptocurrency market. ACT, a meme coin based on a Discord server featuring AI chatbots, is currently down 49.22% in the last 24 hours to $0.0959, according to CoinMarketCap data. Solana-based meme coin ACT suffered a massive 49% crash within minutes on Binance, leaving traders startled. In a tweet, CoinGlass highlighted the sharp decline, which saw ACT/USDT plummet from $0.19 to $0.10 in a single long candlestick, prompting CoinGlass to ask the question, what’s going on? $ACTWhat happened? https://t.co/qv5MfbxtV5…
Binance, the world’s largest cryptocurrency exchange, announced the proof-of-reserve system to regain the decreasing trust in Bitcoin exchanges after the sudden bankruptcy of FTX. In this context, Binance, which publishes reserve reports at regular intervals, has published the 29th Report (snapshot date April 1) of its reserves. According to Binance’s official website, the reserve ratio (Binance holdings divided by user assets) for major cryptocurrencies is overcollateralized. Binance had also added the altcoin TRUMP, the token of US President Donald Trump, in its previous reserve report. Apart from Bitcoin (BTC), the report includes USDT, Ethereum (ETH), BNB, Solana (SOL), FDUSD, ENJ,…
In the month of March, Bitcoin experienced a period of strong fluctuations, recording one of the highest levels of volatility in the last twelve months. Contributing to this was a sudden surge in price followed by a sharp slowdown, the most capitalized cryptocurrency in the market once again showed all its unpredictable nature. The numbers of Bitcoin volatility on the rise A month of ups and downs for the price A deviation from the historical average A behavior consistent with the history of Bitcoin Bitcoin: the double face of volatility A tool to know thoroughly Lessons from the market The…
Google searches for ‘Black Monday’ have accelerated in the past seven days following the stock market’s massive capital outflow on April 4, triggered by unease from trade tariff concerns. As of April 7, search interest in the term peaked at 100 in the United States, a staggering 1,300% spike from a score of 7 recorded on March 31, according to data retrieved by Finbold from Google Trends. A breakdown of interest in the term shows that the capital, Washington D.C., leads at 100, followed by New Hampshire at 94. Notable interest has also been recorded in New Jersey, Massachusetts, and…
Multiple tokens cratered as much as 50% within 30-minutes on crypto exchange Binance on Tuesday, with market watchers wondering if a misconfigured trading bot could have caused the declines. Act I, the Prophecy (ACT) slumped 50%, DeXe (DEXE) dropped 30% and dForce (DF) fell nearly 20% within minutes after 1100 UTC on Tuesday, data from Binance shows, with no immediate catalyst or explanation behind the sudden fall. Around 18:30, multiple altcoins on Binance experienced sharp declines. ACT/USDT dropped over 49% within 30 minutes, DEXE/USDT fell more than 23%, and DF/USDT declined over 16% in the same period. The sudden dips…
Stablecoin balances, a key figure for investor sentiment, have dropped to their lowest level in months, as Bitcoin plunged to its lowest point this year. Crypto markets are showing increasing signs of weakening trader appetite. On Monday, April 7, stablecoin balances on exchanges fell to a three-month low. According to crypto analytics firm Nansen, this is the lowest the figure has been since January. Additionally, both incoming and outgoing crypto exchange flows have declined in April. Stablecoin balances on exchanges just hit a 3-month low. Lowest since Jan.Forget sentiment surveys. Track what people do with their money. pic.twitter.com/AZe0kaLlVd — Nansen…
Crypto markets are being shaped by the same macro forces that are spooking traditional financial markets, but their international and borderless nature provides a layer of protection, according to Offchain Labs co-founder and chief scientist Edward Felten. Speaking on CNBC’s “Squawk Box Asia,” Felten noted that the recent volatility in crypto markets is being driven by broader concerns around global trade and economic policy. The source is stemming from uncertainty surrounding U.S. tariffs and comments from President Donald Trump. Offchain Labs is the team behind Arbitrum, one of the leading Ethereum (ETH) Layer 2 scaling solutions. “The whole world is…
As XRP hovers around $2 amid consecutive weekly declines, community members urge each other to seize the opportunity and consolidate their holdings. XRP is down by 13% over the past week as it trades at $2.08. The price dip has persisted since January, but enthusiasts believe a turnaround is imminent. To encourage more accumulation, community figures often highlight the relatively small amount of tokens investors need to hold to rank among the “richest” XRP holders. Becoming a Top 10%, 5%, or 1% XRP Holder Notably, the latest statistics from the XRP Rich List show that crypto investors only need to…
Binance, the world’s largest cryptocurrency exchange, announced a new partnership today. Accordingly, Binance announced that they have established a strategic partnership with global payment technology giant Worldpay. As part of this partnership, users can purchase cryptocurrencies via Apple Pay and Google Pay starting today. Users can purchase crypto with fiat currency directly through the Binance app or website by linking their credit or debit cards to Apple Pay or Google Pay. “Binance has partnered with global payments technology provider Worldpay to bring two of the world’s leading digital wallets – Apple Pay and Google Pay – into its fiat onramp…
Its capital raising efforts likely on hold amid the market panic, Strategy (MSTR) did not add to its bitcoin (BTC) holdings last week. Additionally, the company expects to report a net loss for the first quarter due to a $5.91 billion unrealized loss on its bitcoin holdings, according to a filing Monday morning. This follows the adoption of new accounting rules requiring crypto assets to be marked to market. A $1.69 billion tax benefit is expected to partially offset the loss. Strategy raised a total of $7.69 billion during the quarter, $4.4 billion of that from common stock sales and…