Author: NBTC
Today is a big day in the world of institutional cryptocurrency investing. BlackRock, through its Ethereum-focused ETF, now owns a whopping $3.5 billion worth of ETH, or 993,591.95 ETH, which is 0.12% of the total supply of Ethereum (ETH). According to Arkham Intelligence, BlackRock is now the 12th largest holder of the asset in the world. BlackRock’s history with Ethereum (ETH) began this year when ETHA – the fund’s spot ETF – was approved by the SEC and began trading. According to Larry Fink, BlackRock’s current CEO, Ethereum has a pretty good chance of growing as a blockchain, and he…
In recent hours, a substantial quantity of DOGE was transferred to Binance, one of the world’s largest cryptocurrency exchanges. Blockchain data tracker Whale Alert has reported a massive transfer of 112,382,564 DOGE, valued at approximately $48,717,014, from an unknown wallet to Binance. Whale Alert reports: “112,382,564 DOGE worth $48,717,014 transferred from unknown wallet to Binance.” 🚨 🚨 112,382,564 #DOGE (48,717,014 USD) transferred from unknown wallet to #Binancehttps://t.co/iyYrzfQqhs — Whale Alert (@whale_alert) December 9, 2024 A transfer to Binance could signal an intention to sell, as exchanges are commonly used for liquidations. The move might also indicate strategic positioning, with the…
Binance support for Optimism network upgrade aims to improve performance and user experience. On Jan. 10, 2025, at 2:00 (UTC+8), Binance announced its support for the Optimism (OP) network upgrade and hard fork. To facilitate the upgrade, Binance will temporarily halt token deposits and withdrawals on the OP network starting from 1:00 (UTC+8) on the same day. The OP network upgrade is designed to enhance the network’s user experience, scalability, and overall performance. Binance has assured users that the trading of tokens supported by the OP network will remain unaffected during this period. A major update or modification to a…
A crypto wallet linked to the US government just transferred approximately 20,000 Bitcoin, valued at $1.9 million, to Coinbase, according to data tracked by Arkham Intelligence. The wallet’s Bitcoin holdings are linked to the seizure of assets from Silk Road, a notorious dark web marketplace that facilitated illegal drug and weapon trades before its shutdown in 2013. At the time of reporting, the US authorities still hold around $18 billion worth of Bitcoin, alongside other crypto assets like ETH (approximately $217 million) and USDT (around $122 million). The US government moves $1.9 billion in Bitcoin to Coinbase The recent transaction…
Mike Novogratz’s Galaxy has predicted that the price of Ethereum (ETH), the leading altcoin, will be trading above $5,500 in 2025. A friendlier regulatory environment for the decentralized finance (DeFi) sector is seen as a major bullish catalyst for the altcoin. Galaxy Research believes that traditional capital markets will likely be able to experiment with public blockchains within regulatory sandboxes. As reported by U.Today, the Ether price typically tends to outperform in Q1, and many market participants expect this seasonal trend to continue this time around. During the 2021 bull run, Ethereum overperformed due to the surging popularity of non-fungible…
The lead developer of the Shiba Inu team known, under the pseudonym Shytoshi Kusama, has published a tweet that illustrates the way people feel at the very start of their journey on the path of crypto and after spending three years on it already. Kusama retweeted a post from a crypto enthusiast, which shows a man paddling on a canoe in calm waters (labeled as “Day 1 in crypto”) and a man paddling his canoe through a tumultuous river somewhere in the mountains, labeled as “3 years in crypto.” Kusama added his own comment to that tweet, saying: “Accurate.” Accurate…
Bitget, a well-known crypto exchange, has announced a new partnership with PinEye. The partnership focuses on enhancing consumer experience in the play-to-earn sector with the provision of staggering rewards and entertainment. The crypto exchange disclosed this development on social media. We’re excited to announce our collab with @Pineye_ to boost your #P2E experience!Earn PinEye coins with simple tasks:✅ Follow @bitgetglobal for 100,000 coins✅ RT this for another 100,000 coins👁️ Go to the PinEye bot ➡️ Earn ➡️ Partners: https://t.co/TpjZkFfvCG pic.twitter.com/mb3oB5jHEG — Bitget (@bitgetglobal) December 26, 2024 Bitget Joins Forces with PinEye to Enhance P2E Experience Bitget mentioned that, with its…
Bitcoin’s (BTC) potential push toward $100,000 might face further delays as the asset will likely encounter volatility later in the week driven by macroeconomic signals. This anticipated volatility arises as Bitcoin’s chart pattern shows the maiden digital asset is consolidating, and this week’s labor report data might not cast the asset in the spotlight, according to professional cryptocurrency trading expert Michaël van de Poppe in an X post on December 2. Poppe suggested that volatility caused by labor market data could push Bitcoin below $90,000, potentially creating new entry opportunities. “Bitcoin is nicely consolidating, and it’s labor data week. That…
As Ethereum (ETH) trades steadily above the $3,300 mark, market analysts are beginning to predict a potential recovery that could reshape the altcoin landscape. Currently trading at $3,321, ETH’s resilience has been notable, especially amidst a broader market correction led by Bitcoin (BTC). This recent downturn has tested ETH’s critical support level at $3,290, effectively preventing a decline toward the psychologically significant $3,000 barrier. Could Ethereum Reach $14,000 By March 2025? Crypto expert Crypto Rover has made headlines with his bold prediction that ETH is poised for an “explosion” in the first quarter (Q1) of 2025. His confidence is bolstered…
According to data from analytics site IntoTheBlock, Cardano (ADA) recorded $25.48 billion in large transaction volume, representing a 9.42% increase over the previous day. This spike in large transactions, often worth more than $100,000, indicates increased activity from whales and institutional players. The surge in large transactions may signal either buying or selling. In the last 24 hours, this has amounted to a staggering 21.24 billion ADA. Despite the significant increase in large transaction volume, the ADA price remains significantly down, trading in red as the market experiences profit-taking. Several crypto assets, including Cardano, were trading in red. Cardano (ADA)…