Author: NBTC
After falling to $3,000, Ethereum has experienced a severe decline. Institutional investors selling off their ETH holdings appear to be the main reason behind this sharp decline. Ethereum’s price has dropped sharply as a result of the sell-off. The daily ETH/USD chart reveals a severe sell-off pattern. A number of significant support levels have been breached by the asset, including the 200 EMA, which usually serves as a solid floor during downturns. The price is continuously dropping below these important indicators, which also show a bearish trend: the 50 EMA and the 100 EMA. An important liquidation appears to be…
DeXe, a well-known permissionless launchpad facilitating Memecoins and DAOs with the use of AI, has announced a new partnership. As per the company, it is joining forces with HOT Protocol (an open validator network to develop MPC wallets) to offer decentralized governance to more than 16 million consumers. The platform took to its official social media account to provide the details of this initiative. 🔥DeXe Protocol partners with @hotdao_ to bring 16M+ users into decentralized governance!🚀HOT will settle its DAO on DeXe Protocol, with its 300k+ Villages becoming on-chain sub-DAOs. Together, we bring tools for vast on-chain adoption and decentralized…
Ankr and Asphere have recently partnered with Destra Network. The collaboration between Ankr Asphere and Destra Network aims at developing the mainnet and testnet for the rollup based on Arbitrum Orbit, expediting the journey of the protocol to the market. Ankr disclosed this development on its official X account. 🚀 Ankr & Asphere have collaborated with @DestraNetwork to build the testnet and mainnet for the @Arbitrum Orbit-based rollup, accelerating the protocol’s journey to market.The partnership will create a host of DePIN benefits for Web3 projects that will build on the network. pic.twitter.com/RVpsCfoCaW — Ankr (@ankr) August 1, 2024 Ankr, Asphere,…
A custom Minecraft game server acts as both a key meeting place and an immersive, philosophical art piece at the center of Milady Maker—one of Ethereum’s most popular and subversive NFT projects. Built around rich theories on the modern world and micro-communities full of lore, the Milady Minecraft server or “Miladycraft” was created by holders of the Remilia Corporation NFT projects (like Milady Maker and Redacted Remilio Babies) for members to enjoy. But it’s more than just a place to hunt for diamonds and build dirt huts in a blocky voxel environment. According to the server founders, Miladycraft is an…
As Bitcoin (BTC) continues to consolidate in the zone around $60,000, the status quo could potentially extend for another several months, considering that the relative strength index (RSI) of the flagship decentralized finance (DeFi) asset has hit its most oversold level in over 300 days. Specifically, Bitcoin has just hit the RSI of 30, which last time happened in September 2023, preceding a period of over three months of consolidation just below the key resistance at $30,000, according to the observations shared by pseudonymous cryptocurrency analyst Jelle in an X post on June 27. Taking this previous chart pattern into…
Since the 25th of July, Jump Trading (a quantitative trading platform), has reportedly deposited significant $ETH and other related tokens to centralized exchanges. Spot On Chain, a popular on-chain analytics platform, disclosed that the company has deposited up to $231M worth of $ETH tokens to CEXs in the past ten days. The analytics provider provided the details of this event on its official social media account. Jump Trading deposited $231M worth of $ETH to CEXs in the past 10 days!Since Jul 25, Jump Trading has:• redeemed 83,091 $wstETH ($341M) into 97,600 $stETH• unstaked 86,059 $stETH ($274M) from Lido Finance• then…
XRP, the native cryptocurrency of the XRP Ledger, has performed extraordinarily well in the past few days as bulls have taken control of the digital asset’s price trajectory. Notably, the 24-hour trading volume of the altcoin surpassed that of Solana (SOL), with the crypto community expecting a bullish move in the near future. According to data from CoinMarketCap, the trading volume of XRP stands at $3.26 billion, up 47.27% in the last 24 hours. In contrast, Solana (SOL) trading volume is $2.97 billion, up 17.14% in the same period. SOL is the fifth-largest digital asset with a market cap of…
The X account of Binance’s former CEO, Changpeng Zhao, has apparently become active again and has followed a Solana news account, despite Zhao being in prison. Federal inmates are prohibited from using mobile phones. Indeed, for the most part, he seems to have stuck by this and has not posted anything since May 22. His X account following @solananew, however, brings this into question and raises questions about how it could’ve happened. To begin with, Zhao may have been able to acquire a mobile phone in prison and log into his account. Prisoners smuggling phones into prison is a commonly…
The Base Layer 2 (L2) network has seen massive capital inflows in the past 24 hours, driven by bullish sentiment after Coinbase’s Q2 earnings beat expectations. The L2 network is built on Ethereum and utilizes Optimism’s OP Stack to offer users high security, scalability, and interoperability. When Base debuted, Coinbase said exchange users would access the crypto ecosystem via Base’s intuitive interface. This marked an important development in Coinbase’s business model, elevating it from a centralized crypto exchange to a Web3 gateway. Coinbase Q2 Earnings Inspire Base TVL Surge Base Total Value Locked (TVL) soared by $11 million in the…
Crypto Face shorts $5 million in Bitcoin, setting a liquidation point at $64,500 amid a bearish market. Bitcoin faces pressure as miners sell 30,000 BTC and ETFs see $1 billion outflows in June. Despite short-term volatility, analysts predict Bitcoin could surpass $100,000, boosting Crypto Face’s portfolio. Anonymous streamer known as Crypto Face has placed a $5 million short position on Bitcoin. This trade comes with a liquidation point set at $64,500. Crypto Face, who holds the world record for the most profitable cryptocurrency trade ever live-streamed, has taken a significant risk amidst a bearish market for Bitcoin. 🚨🚨BREAKING NEWS🚨🚨ANONYMOUS STREAMER…