Author: NBTC
As became known thanks to data from IntoTheBlock, the amount of Shiba Inu (SHIB) tokens outflowing from the wallets of large holders in the past 24 hours skyrocketed by a staggering 475%. According to on-chain data, the amount of SHIB, which left the addresses controlling no less than 0.1% of the circulating supply of the popular meme cryptocurrency, soared from 223.13 billion SHIB to over 1.06 trillion SHIB. Despite an almost five-fold increase in just a course of a day, the netflow of Shiba Inu tokens to these wallets remained positive as the inflows totaled 1.44 trillion, which brings the…
The Kobeissi Letter reported that Open Interest in Bitcoin futures contracts on the CME hit a record of 51,000. According to the market analyst, CME’s surge in open interest in Bitcoin futures coincided with the launch of spot Bitcoin ETFs last year. The Kobeissi Letter revealed that Open Interest(OI) in Bitcoin futures contracts on the Chicago Mercantile Exchange(CME) had recorded an all time high of 51,000. The analyst highlighted the number of active positions that had risen fivefold since the beginning of 2024. #Bitcoin trading activity has never been greater: Open interest in Bitcoin futures contracts on CME is now…
The VeBetterDAO dashboard, designed to improve VeChain governance and user engagement, has been launched. VeChain has pitched it as a one-stop shop for VeBetter governance participation. The company also thanked the Better Collection team for their efforts in developing this new platform. In a post, the Better Collection team described the launch as a “game-changing new release” and highlighted the dashboard’s features, which consolidate various Pool2Earn activities into a single page. Among the tools on offer is a countdown timer designed to keep users informed about the next snapshot for governance voting. The dashboard also allows users to efficiently manage…
Bitcoin (BTC) is becoming more difficult to mine after increasing competition in the past ten days. The next difficulty adjustment may make the network even more competitive. The Bitcoin (BTC) difficulty index is near an all-time high, after a small readjustment at the end of January. The next difficulty readjustment points to an increase of 4.71%, further pressuring miners to allocate more resources or shut down their operations to await more favorable difficulty conditions. The behavior of miners and their readiness to produce coins under all conditions may sighal whether the price of BTC will continue its upward trek, or…
Bitcoin experts are buzzing as President-elect Donald Trump lashed out against current Federal Reserve policy, calling interest rates “far too high” despite persistent inflationary pressures. “We are inheriting a difficult situation from the outgoing administration,” Trump said at his Mar-a-Lago club, adding that officials seem to be “trying everything they can to make it more difficult” for his incoming team. The blunt remarks, coming fewer than two weeks before Trump’s inauguration, have stoked anticipation of a possible shift in US monetary policy—and raised speculation about a boost for Bitcoin and other risk assets in the new year. The 2017 Trump…
MultiversX announced a strategic partnership with major cloud service providers, including Alibaba Cloud, Tencent Cloud, AWS Cloud, and Google Cloud. This innovative collaboration is set to enable MultiversX to drive Web3 advancement and boost the extensive adoption of various decentralized applications. The alliance is a testimony of a mutual dedication between MultiversX and the abovementioned cloud service providers to advance Web3 accessibility through blockchain capabilities. Top-tier strategic collaborations with @googlecloud, @awscloud, @tencentcloud & @alibaba_cloud.Discover their expansive toolkit available on MultiversX, for streamlined onboarding and a powerful developer experience.https://t.co/9HIlazfHz4 — Multiversᕽ (@MultiversX) January 13, 2025 Interest in cryptocurrencies has increased significantly…
Vietnam’s proposed digital assets legalization framework has the potential to minimize fraud in the country’s crypto space once passed. This is the position of Vietnam Blockchain Association chairman Phan Đức Trung, who revealed in an interview with Vietnam News that the association recently received reports of a $100 million crypto fraud targeting Vietnamese investors. According to Trung, criminals continue to evade accountability in Vietnam due to the country’s “policy grey zones” regarding the legal status of cryptocurrency and digital assets. Vietnam Blockchain Association chairman Phan Đức Trung | Source: VN Express You might also like: Crypto scam: Vietnamese police arrest…
Oklahoma State Senator Dusty Deever has introduced the Bitcoin Freedom Act (SB325). This bill seeks to allow citizens to escape the existing financial systems as prices continue to soar. The bill, filed for the 60th legislative session on February 3, aims to let Oklahomans get paid in Bitcoin and accept it as a form of payment. He noted that Bitcoin is a decentralized digital currency with a limited supply, which can enable Oklahomans to save their earnings and investments. “As Bitcoin continues to rise and the value of the dollar continues to be printed away in Washington, D.C., Oklahoma must…
Solana-centric io.net, a decentralized GPU ecosystem, and veteran programmable L1 Injective have announced a collaboration to explore the integration of Injective’s iAgent AI agent framework with io.net’s decentralized compute network. io.net integrates Injective’s iAgent for data io.net, a global decentralized physical infrastructure (DePIN) network, has entered into a long-term strategic collaboration with Injective, a high-performance L1 for on-chain transactions. With this collaboration, io.net is set to explore iAgent, Injective’s first AI agent-based SDK. It’s easy to get euphoric when new tech comes out, but when it comes to artificial intelligence, the potential impact is truly 🤯So let’s get specific, what…
Bitcoin USD is showing strong bullish momentum following a V-shaped recovery and a breakout from a falling wedge pattern. With critical resistance levels surpassed, the cryptocurrency is projected to target $108,370.60, $117,908.14, and $127,942.43 in the short-to-mid term. Recent whale activity, including the withdrawal of 2,173 BTC, further signals reduced selling pressure. It also shows a potential continuation of the rally. V-Shaped Recovery and Falling Wedge Breakout The daily chart illustrates a V-shaped recovery, often associated with a strong reversal from bearish conditions. The bulls have driven BTC price back up from a crucial support area at $88,000-$90,000. This is…