Author: NBTC
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…
Hedera is integrating LayerZero (ZRO), a multi-chain interoperability protocol, into its network. The announcement comes as mainnet v0.54 launches. The integration aims to improve the Hedera Token Service (HTS), enabling the creation and management of both fungible and non-fungible tokens with fast, low-cost transactions. This development aligns with the HBAR Foundation’s goal of building Hedera as an enterprise-grade network for institutional decentralized finance (DeFi). The integration is said to open a new direction for EVM-based liquidity on the Hedera network, connecting the ecosystem to more liquidity sources. It builds on previous infrastructure investments with providers like Copper and Elliptic, as…
Bitcoin remains above EMA50, signaling strong support just 2% below current price, notes analyst Doctor Profit. Analyst Doctor Profit highlights a Descending Broadening Wedge, suggesting a potential bullish breakout for Bitcoin. Negative funding rates reflect market fear, but analyst Doctor Profit points to Bitcoin’s historical post-halving rallies. Bitcoin’s market analysis, provided by cryptocurrency expert Doctor Profit, outlines several critical technical indicators that underscore the currency’s current stability and future potential. The chart reflects a Descending Broadening Wedge, a pattern known for its eventual bullish breakout potential. #Bitcoin – What’s Next?The big Sunday report, all you need to know:🚩 TA/LCA/Psychological Breakdown:…
An unidentified whale has been holding ETH for ten months and then sells all the coins. This investor had been holding over 8800 ETH, and in October 2024, he sold all the tokens to make a profit of $3M. This whale finally gave up after holding $ETH for over 10 months and sold it all!He withdrew 8,800 $ETH($19.82M) from #OKX on Jan 6 and staked it. On Oct 17 and Oct 25, he deposited all 8,982 $ETH($22.93M) to #OKX, making ~$3M.If he sold at a high price in March, the profit… pic.twitter.com/sCOgOGEnlv — Lookonchain (@lookonchain) October 25, 2024 Whale’s Strategic…
Pyth Network has launched Oracle Integrity Staking (OIS) to enhance decentralized finance (DeFi) security. This innovative mechanism ensures reliable and high-quality price feeds by aligning incentives for data providers and stakers. As DeFi expands, security concerns continue to rise. Oracle Integrity Staking addresses these concerns, promoting greater accuracy in price data and economic protection across the Pyth Network. Enhanced Accuracy and Accountability for DeFi Data Oracle Integrity Staking is a significant milestone in developing decentralized financial systems. Pyth Price Feeds offers improved data accuracy by holding data publishers accountable through staking rewards and penalties. By staking tokens, data providers are…
Ripple CEO Brad Garlinghouse addressed key concerns about the U.S. Securities and Exchange Commission (SEC) and its ongoing legal battles with the crypto industry in a recent interview with journalist Eleanor Terrett. The meeting focused on the SEC’s cross-appeal regarding the definition of an investment contract under the Securities Act and its implications for the industry. Garlinghouse was responding to investor Anthony Pompliano’s question: “If cryptocurrencies were to be considered an investment contract, would that change the classification under which people like Coinbase and others allow investment contracts on their platforms?” “If the SEC prevails at this point, it would…
Gaming technology startup Improbable has announced plans to develop its own layer 1 blockchain, Somnia, which the firm claims will process over 400,000 transactions per second. Somnia, which plans to launch in devnet in the coming weeks, has “cracked the scalability problem that has long hindered blockchain technology,” Improbable founder and CEO Herman Narula claimed in a statement. He added that the firm leveraged its “knowledge from gaming and distributed systems” to develop Somnia, which is eyeing “mass consumer applications” including gaming, social platforms and decentralized finance (DeFi). Improbable is developing the fastest blockchain for mass consumer applications for @Somnia_Network!…