Author: NBTC
Lido DAO (LDO) revealed the effect of running a low-float coin initially. While the project grew, the value of LDO was stuck in a range. Lido DAO is growing by all possible metrics, except for its token price. Traders noticed that LDO was stagnant, though reporting a much higher overall market capitalization. Lido DAO is a case study in low-float coins, which have a different price cycle compared to previously launched fully diluted assets. The inflow of new LDO tokens started in 2021, combining several linear unlocks. Lido DAO released tokens from investors and founders over the course of a…
Polyhedra Network has announced the open beta launch of its Proof Cloud at the Google ZK Summit. Proof Cloud is designed to make ZK proofs more accessible in both web2 and web3 environments. Supported by Google Cloud, Polygon (MATIC), Linea, and Lita, Proof Cloud aims to meet the rising demand for efficient and cost-effective zero-knowledge proof technology. ZK-proof technology allows one party to prove to another that they know a value or statement is true without revealing any information about the value itself. It is commonly used in blockchain and crypto for privacy and security. The Polyhedra Network connects over…
U.S. spot bitcoin exchange-traded funds (ETFs) attracted $11.8 million on Thursday, marking the third consecutive day of inflows. Bitwise’s BITB fund topped the list, bringing in $8 million during the trading sessions. Demand for Bitcoin ETFs Continues Since Jan. 11, 2024, the 11 spot bitcoin ETFs have accumulated $14.45 billion in total net inflows, including Thursday’s $11.8 million boost. This represents the third consecutive day of gains for the bitcoin ETFs, although the daily inflows have slightly declined each day. Additionally, daily trade volume has dropped, with Thursday seeing $919.95 million in volume. Bitwise’s BITB led with $8 million in…
Ethereum appears poised for a significant breakout above the highly anticipated $4,000 price threshold. Despite this potential, the cryptocurrency has recently fallen short of the expectations of many enthusiasts and retail traders. The much-hyped launch of Spot Ethereum ETFs, rather than sparking a rally, turned into a classic “sell-the-news” event, leading to disappointment in the market. However, according to a crypto analyst, the overall sentiment around Ethereum remains fundamentally positive. This optimism is largely held up by some bullish investors who continue to hold up the cryptocurrency and its stability at a crucial support level of $3,200. Ethereum Set For…
Azimut has successfully completed a new club deal worth 105 million euros to invest in Alps Blockchain, an Italian company and one of the main European players specialized in the production of computing power for Bitcoin mining. Azimut and the club deal of 105 million euros for the Italian mining company Alps Blockchain Azimut for Alps Blockchain: promoting Italian excellence in digital mining The last investment of 40 million euros Azimut and the club deal of 105 million euros for the Italian mining company Alps Blockchain Azimut, independent group in asset management, wealth management, investment banking, and fintech, has completed…
The Sei Creator Fund’s first round distributed $250,000 to 63 projects with 2,707 unique voters. SEI token shows potential for a bullish rally after analyst Captain Faibik identifies a promising pattern. The inaugural round of the Sei Creator Fund, supported by Gitcoin Grants Stack, has finished successfully, clearing the way for the second round. Various projects in the Sei ecosystem received major assistance from a $250,000 matching pool, equal to 862,500 SEI. 1/ Exciting news – Results are in! The kickoff round of the Sei Creator Fund’s $10M initiative is complete, with round #2 on the way! Using Quadratic Funding…
LFG is setting a new standard for on-chain token launches in the crypto space. According to a detailed explanation by Soju during his latest interview, LFG has significantly impacted the token launch meta, empowering community-driven projects and facilitating broad-scale token distribution. Last Week, @0xSoju spoke about the last 4 launches on LFG, and also did a deep dive into the upgrades to LFG.LFG is crucial in pushing forward the meta of on-chain token launches, and help quality projects with community support, to gain traction.Since then, we’ve seen a ton… pic.twitter.com/r4nmmhRP1Z — Jupiter 🪐 (@JupiterExchange) July 31, 2024 LFG, a crucial…
Ethereum, the second-largest cryptocurrency by market capitalization, has started showing signs of a bullish trajectory. Particularly, according to insights from CoinSignals, a prominent crypto analysis platform, Ethereum is poised for a significant price rally. The platform suggests that Ethereum could see its value rise to between $12,000 and $15,000 shortly. This forecast is based on positive market trends and strong fundamental performance indicators supporting a sustained value increase. ETH Fundamental Strengths CoinSignals’ optimism is backed by several key factors that differentiate ETH from its peers, notably Bitcoin. Unlike Bitcoin, which experiences a sell-pressure of around 450 BTC daily, Ethereum, on…
ARK sold a total of 69,069 COIN shares on Thursday, the biggest single-day sale since May 7. Having sold only $2.88 million of COIN in June and $7.93 million in July, Thursday’s sales mean ARK has sold more in one day than in the previous two months combined. Cathie Wood’s investment company ARK Invest sold $14.8 million worth of crypto exchange Coinbase (COIN) shares on Thursday, the biggest single-day divestment since May 7, ahead of the exchange’s second-quarter earnings announcement. The divestment means the company sold more Coinbase shares on the first day of August than in the previous two…
Data Ownership Protocol, a leading blockchain data protocol, adds Shiba Inu (SHIB) support on its mainnet, aiming to enhance transaction security. The Data Ownership Protocol recently announced the expansion of its token support to include Shiba Inu (SHIB) on the DOP Mainnet. Per the announcement, this development allows users to securely encrypt and transfer their Shiba Inu tokens, enhancing transaction security and transparency. The integration aligns with the Data Ownership Protocol’s objective to improve digital asset management, providing a better experience for Shiba Inu holders. New token support alert!You can now encrypt and send $SHIB, $FLOKI, $PEPE, and $MANA on…