Author: NBTC
One of the major breakout successes this year for the team behind layer-2 blockchain Polygon is Polymarket – the decentralized predictions market where users have flocked this year to place bets on everything from presidential politics to the conclusion of an HBO documentary. What’s less clear to crypto analysts examining Polygon’s performance metrics is whether the coup will bring relief to holders of the project’s ailing tokens, down 65% this year. Polymarket has soared in popularity among mainstream users, allowing them to make bets on the upcoming U.S. presidential election. Polymarket bettors have added nearly $2.4 billion on the question…
Pseudonymous crypto analyst TechDev says that Bitcoin (BTC) and digital assets are in the middle of a massive bear trap before the next leg up. TechDev shares a chart with his 467,000 followers on the social media platform X that suggests Bitcoin’s market cycles happen in a series of stages starting with “accumulation” and ending in a bull trap. According to TechDev, BTC is in the “bear trap” phase of the cycle, which precedes “renewed optimism,” “FOMO” (fear of missing out) and “euphoria” stages before topping out and entering the bull trap. Source: TechDev/X The analyst also believes that USDT…
Ethereum saw a surge in whale transactions, reaching a six-week high as its price dropped to $2,380 on Friday. This rise in large transactions suggests a potential shift in the market, though its impact on Ethereum’s price recovery remains unclear. 🐳 Ethereum’s whale activity spiked to a 6-week high as its price declined as low as $2.38K Friday. Historically, this is a sign of accumulation from high capital key stakeholders. Though not a guarantee this will have an immediate effect on prices bouncing, it is encouraging! pic.twitter.com/zcofdvszLF — Santiment (@santimentfeed) October 26, 2024 Data from Santiment shows a rise in…
Chiliz Group, the crypto project dedicated to sports, makes its Web3 infrastructure available and launches Chiliz Includ3d, to promote inclusivity. The first inaugural program will be Includ3d Accelerator, a training course that will start in October 2024. Chiliz: the crypto project of sports launches includ3d for inclusivity with Web3 Chiliz: the crypto project of sports and the launch of the Includ3d Accelerator for Web3 The price of CHZ in bullish Chiliz: the crypto project of sports launches includ3d for inclusivity with Web3 Chiliz Group, the crypto project dedicated to sports, has announced the new launch of Chiliz Includ3d, the unified…
In a surprising twist, Jarett Dunn (aka Stacc) is seeking to withdraw his guilty plea over an attack on Solana token launchpad Pump.fun, by way of an abuse of position as well as transfer of criminal property. With this move, his legal team has quit the case. At the time of the attack, Dunn was a disgruntled employee of Pump.fun and said that he wanted to “kill” the protocol as it had “inadvertently hurt people for a long time.” Pump.fun is a Solana-based meme coin factory that has birthed some of the biggest tokens of the year, along with countless…
The Kaia Foundation has announced a strategic partnership with CARV, a provider of identity and data layer infrastructure. This collaboration aims to revolutionize identity and data ownership within the Kaia ecosystem. The news was shared via Kaia’s official account on X. Kaia Chain x CARV (@carv_official)We’re thrilled to partner with CARV, a leader in identity and data layer infrastructure!As a Kaia user, you can enjoy:✅ Accurate data ownership tools for users✅ Seamless experiences across applications✅ Comprehensive identity solutions… pic.twitter.com/2jKlsYXgM2 — Kaia (prev. Klaytn & Finschia) (@KaiaChain) October 25, 2024 Kaia Users Set to Benefit from Improved Privacy and Security Features…
Este artículo también está disponible en español. Bitcoin price remained supported near the $52,500 zone. BTC is recovering losses and facing hurdles near the $55,200 and $55,500 levels. Bitcoin is struggling to recover above the $55,500 zone. The price is trading below $55,200 and the 100 hourly Simple moving average. There is a key bearish trend line forming with resistance at $55,200 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could struggle to recover above the $55,500 or $56,000 resistance levels in the near term. Bitcoin Price Aims Recovery Bitcoin price remained in a…
It is not all doom and gloom for Ethereum, as a crucial on-chain metric indicates an encouragingly bullish sign for the second-largest crypto asset by market cap. Ethereum’s slump to $2,387 on Friday was short-lived, fueled by recent speculation that US prosecutors were investigating the largest stablecoin issuer, Tether. Notably, the capitulation saw over $390 million worth of positions liquidated, with $62.21 million belonging to Ethereum traders. Amid the chaos, an encouraging sign has flashed on on-chain activities about Ethereum, sparking speculation of an impending rebound and a near-term bullish push. Data from Santiment shows that whales have moved to…
Chainlink unlocked 18.75M LINK, with 18.125M transferred to Binance and 625K to a multi-signature address, worth a total of $207M. Since 2022, Chainlink has unlocked and transferred 133.4M LINK ($1.29B) to Binance, with an average transfer price of $9.69 per LINK. Chainlink’s current market cap is $7.07B, with a circulating supply of 626M LINK and a current price of $11.30, down 2.64% in the last 24 hours. Chainlink has unlocked 18.75 million LINK tokens today from five non-circulating supply addresses over a five-hour period. Out of these, 18.125 million LINK, valued at approximately $207 million, were transferred to Binance. Additionally,…
This is a segment from the Forward Guidance newsletter. To read full editions, subscribe. I’m back in New York after a quick trip to DC (just in time to watch the Yankees hopefully beat the Dodgers in Game 1 of the World Series tonight). But I digress. I spent yesterday at the DC Privacy Summit, where there was no talk of baseball — but, unsurprisingly, a lot of policy talk. In these final days ahead of the election, we’ve heard a lot of the same sound bites. Industry officials want to go on record saying they look forward to working…