Author: NBTC

Ethereum (ETH) price optimism is again on the rise, with positive news, predictions, and macroeconomics moving the markets. In this context, observers have spotted Ethereum whale traders making massive buys and accumulating ETH, signaling a dominating bullish bias. On August 2, Lookonchain reported a notable Ethereum trader making waves in the cryptocurrency market with massive historical gains. This whale, in particular, has a remarkable 100% win rate with ETH trades, profiting more than $38 million since 2022. Notably, this entity has been actively buying 17,012 ETH since May 29, at a $61 million dollar-cost average (DCA). The most recent purchase…

MANTRA, a layer-1 blockchain platform specializing in real-world asset (RWA) tokenizations, has reached a new all-time high for its OM token. Driven by the anticipation of a major OM token giveaway event, this surge has captured significant attention from investors and participants. Strategic Moves and Partnerships Fuel MANTRA’s Unprecedented Growth Yesterday, MANTRA announced that Season 2 of the MANTRA 50 million OM GenDrop starts on July 17. The initiative invites participants to join MANTRA.ZONE and complete tasks on the Galxe project page to earn OM tokens. Early participants on MANTRA.ZONE will receive exclusive rewards. To ensure fair competition, the team…

The Digital Chamber, a key player in blockchain and digital asset promotion, has called on every US senator to support the “BITCOIN Act of 2024” introduced by Senator Cynthia Lummis on July 31. In a letter shared on August 1, the Chamber said the bill is in line with national interests, demonstrates fiscal responsibility, and eases economic burdens through technological advancement. Today, we’re hand-delivering this letter 👇 to every U.S. Senator urging them to support the BITCOIN Act of 2024. #Bitcoin is our future, and this bill ensures the U.S. leads in global economic innovation. Thank you @SenLummis for your…

Bitcoin (BTC) fell back towards $60,000 on Wednesday, after a wallet tagged to the U.S. Government moved about $240 million worth of seized BTC to a Coinbase Prime address, igniting concerns among traders that the digital assets will likely to be sold. Some 3,940 bitcoin originally seized from a Silk Road vendor was moved by the the wallet, according to an Arkham Intelligence social media post. “This BTC was originally seized from narcotics trafficker Banmeet Singh, and forfeited at trial in January 2024,” the post said. The last movement by the government— which in late 2022 seized roughly 50,000 bitcoin…

Ethereum, the second-largest cryptocurrency, might be the cheapest to use in about nine months, data from on-chain sources reveal. According to on-chain analytics firm IntoTheBlock, Ethereum fees fell to a nine-month low this week as gas costs dropped to as low as one gwei, or around $1 for a swap transaction. This is the lowest level in the past nine months, dating back to December 2023. Ethereum fees reached a nine-month low this week, with gas costs dropping as low as 1 gwei (~$1 for a swap transaction) pic.twitter.com/f2Br1dfBtd — IntoTheBlock (@intotheblock) August 2, 2024 Per a graphic posted by…

Cardano is preparing for one of its most historic upgrades, the Chang hard fork, and a major alert has been issued for node providers. Intersect, a member-based organization for the Cardano ecosystem, sounds this alert in a tweet: “It’s upgrade season for SPOs. Node 9.0.0 is out and includes all the changes needed for the Conway ledger era. Better known as the first node candidate to bring on-chain decision making to Cardano mainnet.” It’s upgrade season for SPOs! Node 9.0.0 is out and includes all the changes needed for the Conway ledger era. Better known as the first node candidate…

Over the weekend, former U.S. President and current Republican nominee Donald Trump and a number of lawmakers spoke at the Bitcoin Nashville conference. The biggest piece of news everyone has been talking about was Trump and Sen. Cynthia Lummis’ proposals to create a strategic reserve for Bitcoin, but the event also served as Sen. Tim Scott’s entry into actual crypto discussion. You’re reading State of Crypto, a CoinDesk newsletter looking at the intersection of cryptocurrency and government. Click here to sign up for future editions. BTC conference The narrative Lawmakers – and Donald Trump, who of course is hoping to…

Bitcoin experienced declines in the short term due to sales by miners and the German government and outflows in ETFs. At this point, while BTC is starting to recover after testing below $ 59,000, bullish predictions continue to come despite the general bearish expectation in the market. Speaking on CryptoLawTV with Lawyer James Murphy and Custodia Appellate Lawyer Michelle Kallen, Custodia Bank CEO Caitlin Long made important statements about Bitcoin. Stating that Wall Street will eventually financialize Bitcoin, famous CEO Caitlin Long said that after Wall Street adopts Bitcoin, Bitcoin will witness the largest short squeeze in human history. Continuing…

This week saw a slight decline in the DeFi sector with prominent projects witnessing a decrease in their total value locked. According to the data from DappRadar, the prominent DeFi projects in terms of TVL during the past seven days take into account LIDO, Aave V3 EigenLayer, Maker DAO, along Rocket Pool. These projects have seen a dip in the recent week. LIDO Sees 10.82% Decline from Its TVL in the Previous Week As per DappRadar, LIDO witnessed the top spot with a substantial total value locked of up to $28.47 billion. This figure shows a slump of 10.82% from…

Lookonchain, a prominent on-chain analytics firm, recently highlighted a shocking event of huge $ETH liquidation. Lookonchain’s latest X post has revealed that someone has been liquidated of a large amount of up to 1,688 $ETH tokens just recently. The respective amount accounts for up to $5.6M in terms of value. The event took place just a few hours ago after the sudden price dump of Ethereum. ETH briefly dived below $3,000 but recovered soon now trading at $3,030. Someone got liquidated of 1,688 $ETH($5.06M) just now!This guy still has $13.9M debt on #Compound, and the health rate is as low…