Author: NBTC
The cryptocurrency market recently experienced an exceptional moment when eight whale wallets withdrew $14.35 million in USDC currency from Hyperliquid exchange. The major financial operation occurred after an investor successfully exited an ETH long position where they earned profits which indicated these wealthy individuals were changing their resource distribution strategies. 8 whale wallets withdrew 14.35M $USDC from #Hyperliquid after this whale closed long $ETH and left with profit.https://t.co/3FbbC6LBuU pic.twitter.com/LcPWObkLs2 — Lookonchain (@lookonchain) March 12, 2025 According to Lookonchain,These investors initiated transactions to withdraw funds promptly following their profits on Ethereum investment. These well-timed and strategic transactions demonstrate a synchronized approach…
London-based payments infrastructure firm Mercuryo has integrated its on-ramp services into Wallet, Telegram’s built-in cryptocurrency platform. The partnership allows Wallet users to buy digital assets like Bitcoin (BTC) and Toncoin (TON) using traditional currencies like the U.S. dollar or euro, crypto.news can exclusively report. Wallet, a custodial crypto service embedded in Telegram, enables users to send, receive, and store digital assets within the messaging app. The Mercuryo integration is expected to reduce fees and simplify the process of converting fiat currency into crypto, which has been a major barrier for new users. “Wallet in Telegram currently has a sole on-ramp…
Bitcoin may be up for a bullish surge past its current all-time high to a new peak price if it breaks from its weekly RSI resistance. The pioneering cryptocurrency has rebounded considerably in the past 24 hours, reclaiming $97,000 for the first time in three days. The much-needed bounce follows growing speculations that China will lift its years-long ban on Bitcoin and cryptocurrency. Yifan He, the CEO of Chinese firm Red Date Technology, told CNBC yesterday that the chances that China will unban digital assets have exceeded 50%. Notably, pressure from Hong Kong’s flourishing crypto market fuels the rumored reassessment.…
Robinhood’s (HOOD) crypto trading volumes took a steep hit in February, tumbling 29% from the previous month in a retail-trader-led decline that might carry a message for other platforms including Coinbase (COIN). The month-over-month drop to $14.4 billion outpaced declines in equities and options trading, which each fell 1%. Even so, the figure was more than double the year-earlier level, the company said in a press release. The figure shows how trading dropped off as the cryptocurrency market slid. Bitcoin (BTC) lost about 15% of its value last month and the broader CoinDesk 20 Index (CD20) fell by around 23%.…
Bitcoin’s price action has been volatile in recent days, with the leading cryptocurrency struggling to secure the $100,000 mark as firm support. Despite multiple attempts, BTC has faced strong resistance, leading to increased selling pressure. Recent market conditions suggest that Bitcoin’s inability to hold key price levels could further weaken its position, leaving it vulnerable to a potential correction. Bitcoin Investors Are Driving The Price Short-term holders (STH) have played a crucial role in Bitcoin’s recent price action. The supply held by these investors indicates that the market is mirroring the accumulation phase seen in May 2021. Back then, Bitcoin…
Hedera’s hashgraph consensus boosts DApp development with faster transactions, higher security, and efficient token services for enterprises. Ondo Finance’s ONDO token enhances governance in DeFi, offering holders power over protocol upgrades and policy decisions for decentralized finance. Injective enhances decentralized finance performance through fast transactions alongside MEV resistance and scalable solutions. Altcoins such as Hedera , Ondo Finance and Injective lead the industry revolution through decentralized applications (DApps) and decentralized finance. These platforms define blockchain technology’s future because they offer enhanced security combined with decentralized governance while providing faster transaction capabilities. Hedera(HBAR) Expands Decentralized Application Development Hedera strengthens its enterprise-grade…
ATME, a digital assets exchange licensed by the Central Bank of Bahrain (CBB), said on Tuesday it has completed its first tokenized real-world asset (RWA) issuance starting with gold-backed tokens. The tokens, available to accredited investors, each represent one kilogram of gold stored in custody, according to the press release. Investors can trade these digital assets on ATME’s secondary market or redeem them for physical gold. The initiative aims to modernize gold ownership by eliminating storage and transportation concerns while leveraging blockchain for efficiency and security. Read more: Tokenization Allows More Efficient Collateral Transfers, Digital Asset, Euroclear and World Gold…
Changpeng Zhao, a former Binance CEO, has commented on the recent development regarding Strategic Bitcoin Reserves that individual US states are currently working on. He also made a loud Bitcoin statement, likening it to such profound inventions as the Internet and money. “There is no escape” from Bitcoin The co-founder of Binance commented on the news about Montana passing the bill which suggests creating a local Bitcoin reserve and moving it to the voting stage. CZ cited a tweet by Dennis Porter, the CEO and co-founder of Satoshi Action Fund. According to that tweet, Montana has become the fourth state…
Stablecoin inflows to exchanges are returning, signaling a shift in sentiment. CryptoQuant data shows that $450M in USDT flowed into centralized exchanges, the highest level since February 3. Liquidity is flowing back to exchanges, with $450M deposited in the past 24 hours. The inflows are the highest since February 3. The net inflows show more stablecoins were moved to markets than were taken out. The recent spike in net inflows suggests a bigger market move may follow. The positive net flows follow a recent liquidity injection, where briefly as much as $2.7B in stablecoins entered the markets. This time, USDT…
A new report on February CEX data shows Binance and Coinbase losing nearly 30% of their traffic. Spot and derivatives trading volumes have also declined, reflecting skittishness from retail investors. Both of these firms ostensibly had positive developments in February, but they still underperformed relative to their competitors. Bearish factors in the crypto market may be leading to a contraction. Binance and Coinbase Trail Most CEXs Centralized exchanges (CEXs) are a critical part of the crypto economy and an important indicator of its health. Towards the end of 2024, CEX trading volumes soared to $6.4 trillion in Q4. However, broader…