Author: NBTC
Since Bitcoin (BTC) reached new all-time highs earlier this year, traders have wondered how far BTC can go. In this context, a Bitcoin trader revealed his exit strategy for the leading cryptocurrency, which involves selling to retail investors. The trader’s account goes by the alias Wolf (@IamCryptoWolf) on X and has recently shown skepticism over Bitcoin price predictions. In particular, Wolf has criticized PlanB‘s $500,000 per BTC forecast, which has been massively reproduced by influencers. According to the trader, retail investors will “FOMO” into Bitcoin as the price surpasses $130,000, following higher expectations ($500,000). Notably, this is when Wolf says…
Sonic, a gaming-focused layer-2 blockchain atop Solana, has raised $12 million in a fundraising. The Series A round was led by Bitkraft and joined by investors including Galaxy Interactive and Big Brain Holdings, according to a press release. The money will be used for growth initiatives for the Sonic protocol, which comes with “built-in mechanisms designed specifically for game development and execution on Solana, such as a sandbox environment, customizable gaming primitives and extensible data types, all while boasting the fastest on-chain-gaming experience,” according to the press release. The project was built by the two-year-old infrastructure Mirror World Labs, led…
Solana, a leading blockchain ecosystem, has seen a surge in participation from token holders seeking to actively engage in the network. According to the latest update shared by MartyParty, validators experienced a notable increase in restaking activity, with the v1.18.15 validator receiving a massive 2.239 million SOL tokens, totaling $330 million. This surge in restaking activity marks a significant milestone in the network’s growth. Validators play a vital role in maintaining the integrity and security of Solana’s Proof of Stake (PoS) blockchain. They validate transactions and ensure consensus among network participants, upholding the network’s functionality and reliability. This is particularly…
Bybit, the second largest crypto exchange by spot volumes, announced on Wednesday that it has achieved a major milestone of 30 million registered users worldwide. The company also unveiled Copy Trading Pro, a new platform that enables investors to mirror the strategies of more experienced traders to potentially earn passive income with more consistent returns. The Dubai-based exchange has seen strong growth in last twelve months, with its market share in spot trading surging from 2% in 2023 to more than 12% in 2024, according to Finance Magnates Intelligence. “Reaching 30 million registered users is a humbling achievement, and it…
Amid heightened anticipation and market activity, Bitcoin (BTC) tested the critical $72,000 resistance level three times in recent weeks. This repeated attempt to breach the formidable barrier has ignited speculation about the potential for a new all-time high (ATH) if the resistance can be decisively broken. Bitcoin’s recent price action has been characterized by its struggle to break past the $72,000 mark. The $72,000 mark has become a line in the sand for Bitcoin, representing a level of resistance that has been difficult to overcome. This resistance level has proven to be a significant psychological and technical barrier for traders…
Ethereum and BNB chain bridge Router Protocol just closed an oversubscribed funding round to extend the bridge to more networks. Router Protocol, a modular cross-chain framework for building interoperable applications. By connecting different blockchain ecosystems, bridges play a crucial role in creating a more cohesive and streamlined network. It was launched in 2022 on the Polygon and BSC chains with the objective of making life easier for future Web3 users. Router Protocol said in a press release that it has recently raised more than expected funds for further development—but didn’t disclose exactly how much. The investment realized from this raise…
A new stablecoin has emerged among the top ten U.S. dollar-pegged tokens. Known as USDB, this auto-rebasing stablecoin was developed by the Blast team. Despite the stablecoin economy being underwhelming over the past 30 days, USDB has quietly secured the ninth-largest market capitalization among all U.S. dollar stablecoins. USDB Climbs the Ranks The decentralized finance (defi) protocol Blast has introduced a stablecoin named USDB, which currently has a market valuation of $405 million. Blast operates as an experimental layer two (L2) network built on Ethereum, offering native yield on specific crypto assets. USDB is Blast’s native stablecoin, provided to users…
FOXY, the trending memecoin and mascot on Linea, has now become even more accessible. Thanks to its recent integration with Alchemy Pay, purchasing FOXY with fiat currency is now straightforward and hassle-free. This collaboration enables users to buy FOXY using their local currencies and preferred payment methods directly through Alchemy Pay’s Fiat On-ramp. Seamless Purchase Experience with Alchemy Pay FOXY has integrated Alchemy Pay on its website, providing a seamless gateway for community members to purchase the coin instantly. This integration supports over 50 fiat currencies, making FOXY available to users in 173 countries. With a variety of payment methods,…
Amidst positive sentiment surrounding the cryptocurrency market, well-known crypto analyst and enthusiast Crypto Con has offered a bullish overview of Bitcoin by identifying historical patterns that indicate that the price of BTC might rise to $123,832 in the upcoming months. By analyzing past market behavior and trends, the expert has discovered crucial indicators that suggest Bitcoin’s potential to outperform previous highs and reach unprecedented heights. Most Accurate Bitcoin Price Bands Crypto Con’s analysis delves into Bitcoin’s current behavior based on its price bands at several levels, particularly 3 levels, as shown in his chart. According to the analyst, level 3…
A crypto YouTuber analyzed how the BRICS bloc (Brazil, Russia, India, China, and South Africa) is challenging the United States on the economic front, potentially leveraging cryptocurrencies to gain an advantage. The podcast looks at how BRICS nations are forming alliances with other countries that may have previously opposed the U.S. The presenter also highlights Russia’s potential use of cryptocurrency, specifically Tether’s USDT, to launder money. Citing a report by blockchain analytics firm, Inca Digital, it is suggested that Russians may be trading cryptocurrencies through platforms that do not require KYC (Know Your Customer) checks. The report also lists exchanges…