Author: NBTC
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!…
Bitcoin remained stable over the weekend, trading between $54,000 and $55,000, following a significant liquidation of crypto long positions after a U.S. jobs report indicated a weaker labor market. Upcoming events this week include a Presidential debate and the release of U.S. economic indicators like the CPI and PPI, with market analysts from Presto Research suggesting Bitcoin is undervalued due to its record-high network security despite prevailing macroeconomic concerns. Bitcoin (BTC) was little changed over the weekend ahead of a busy week that includes a much-awaited Presidential debate and the release of key U.S. economic figures that track changes in…
The non-fungible token sales volume over the last week has dropped by 7%, and stands at $89.1 million. The crypto market, exhibiting signs of recovery, has taken a U-turn. According to the latest data, the global crypto market cap has dropped by over 2% in the last 24 hours. In comparison to last week’s $93 million NFT sales volume, this week has witnessed a modest 7% drop in sales: NFT sales volume plunged to $89 million. The Ethereum (ETH) network retains its first ranking in terms of volume. Solana dethrones Bitcoin (BTC) to claim the second position. NFT buyers surge…
Ethereum has experienced a sharp retrace, dropping over 13% since Monday and stirring concerns among investors who had anticipated a breakout. This sudden pullback, which took ETH as low as $2,380 on Friday, has injected a sense of worry into the market, leaving many to question the strength of its recent rally. However, on-chain data from Santiment reveals an intriguing development—whale activity in Ethereum surged to a six-week high just as the price dipped. This spike in large transactions suggests potential accumulation by whales, a pattern often viewed as a bullish signal when occurring near key support levels. Historically, significant…
Bonk Inu (BONK), a Solana-based meme coin, has made a notable advancement by announcing its upcoming launch of an exchange-traded product (ETP) in the U.S. This significant move sees collaboration with New York-based Osprey Funds, renowned for assisting in the creation of pioneering Bitcoin ETFs and the Solana Trust. “This is a groundbreaking step towards a BONK ETF,” an announcement at the recent Solana Breakpoint event revealed, promising increased visibility and potential price impact for the token. Bonk Inu sets the stage for meme coins with its forthcoming ETP launch in the U.S., stirring considerable optimism within the crypto community.…
The U.S. has accused a businessman of running an unlicensed cryptocurrency operation that allegedly enabled secretive “off-the-books” transactions. Unlicensed Crypto Transactions: Businessman Christopher Scanlon Indicted on Federal Charges Christopher James Scanlon, a Florida-based businessman, faces federal charges for allegedly operating an unlicensed cryptocurrency and fiat currency transmitting business, the U.S. Department of Justice (DOJ) announced. Scanlon, originally from Utah, was arrested on Oct. 10 at Miami International Airport and later pleaded not guilty in Newark federal court. According to the indictment, Scanlon, CEO of Aurae Lifestyle and Club Swan, managed entities such as PMA Media Group and AU Card LLC,…