Author: NBTC

Popular American wealth advisor Mickle addresses misconceptions around the periodic XRP sales from Ripple and their impact on XRP’s price. Ripple, being the largest holder of XRP, is known for unlocking 1 billion XRP from its escrow accounts monthly. While 80% (800 million) of the tokens are re-locked in escrow, the remaining 20% (200 million) is periodically sold to fund the company’s operations. Community Thinks Ripple Suppresses XRP Price Consequently, some community members accuse Ripple of suppressing the coin’s price via these periodic sales. This was reflected in a poll created by the official X handle of the Good Morning…

Bybit has announced that MetaTrader 5 (MT5) platform will soon be available for cryptocurrency, forex, and Contracts for Difference (CFDs) trading. The launch is scheduled for early August 2024. MT5 Platform Supports USDT According to the firm, Bybit’s MT5 will feature top-tier liquidity and competitive fees. It will provide access to crypto perpetuals with minimal spreads and leverage options. The platform will also support forex trading. CFDs will allow traders to speculate on the price movements of assets such as gold and oil without owning the underlying assets. The MT5 platform will not require a minimum deposit. Deposits will be…

21Shares US LLC, an affiliate of 21Shares AG and a major player in crypto exchange-traded products, is partnering with Chainlink, a prominent decentralized oracle network, to integrate Chainlink Proof of Reserve (PoR), the companies announced Monday. The integration aims to enhance the transparency of the Ethereum reserves backing the 21Shares Core Ethereum ETF (CETH). The Chainlink Proof of Reserve system allows CETH investors to access real-time data regarding the underlying Bitcoin reserves and track their record, ensuring that the ETF accurately tracks ETH’s performance, Chainlink stated. “We’re excited to further our collaboration with 21Shares and support a major milestone in…

Renowned Bitcoin evangelist, co-founder and executive chairman of MicroStrategy, Michael Saylor has taken to the X social media platform (formerly known as Twitter) to comment on the impressive nearly 5% surge BTC has demonstrated over the past 24 hours as it regained the $63,000 level and even managed to surge above $63,560 briefly. Saylor issued a bullish Bitcoin urge, addressing the global BTC community. Bitcoin statement from Michael Saylor Vocal Bitcoiner has met the sudden BTC price increase with cold triumph and urged the cryptocurrency community to sell US dollars in order to buy Bitcoin with the proceeds. He tweeted…

While Bitcoin continues its recovery towards $ 70,000 after Donald Trump’s positive statements at the Bitcoin 2024 Conference, Coinshares published its weekly cryptocurrency report. Stating that it experienced a small inflow of $ 245 million into cryptocurrency investment products last week, Coinshares stated that one of the largest inflows since December 2020 was seen with the launch of spot Ethereum ETFs in the USA. “Cryptocurrency investment products saw a relatively low inflow of $245 million last week. Bitcoin has seen healthy inflows of $519 million, and inflows since the beginning of the month have reached $3.6 billion. The launch of…

In the past few days, the total value locked (TVL) across various DEX pools on the Cardano blockchain has increased significantly, reaching $242.45 million. Two weeks ago, Cardano’s TVL was $187.94 million, coinciding with ADA’s price falling to $0.321 on July 5, its lowest point for this year. Meanwhile, ADA’s market value has rebounded by over 40%, reaching a monthly high of $0.4522 on Tuesday. This comeback in ADA price has consequently been reflected in the TVL on the Cardano blockchain. Splash Protocol leads the pack of dApps that are recently propelling TVL growth on the network, posting a massive…

Nansen and Bitget Research have released a report analyzing on-chain metrics as predictors of crypto token prices. Key findings suggest that on-chain activity, particularly total value locked (TVL) and fees in Ethereum (ETH), are better predictors of short-term price movements than social sentiment. The report found significant links between governance tokens and chain metrics for the Ethereum ecosystem and some other networks. Statistical tests revealed that TVL in ETH and fees in ETH form the best model for contemporary changes in governance prices. Fees (in ETH) on Ethereum + L2 Ecosystem vs ETH Price. Image: Nansen The study examined transaction…

Japanese publicly traded company Metaplanet Inc. is doubling down on its Bitcoin (BTC) strategy, as the firm just announced a new round of purchases. Metaplanent’s bags bigger now According to the update, Metaplanent bought a total of 20.195 Bitcoin units for an average of 9,903,440 yen per BTC acquired. This latest tranche was valued at approximately 200 million yen, or $1,242,180. Metaplanet started its Bitcoin accumulation strategy earlier this year as it looks to copy from MicroStrategy’s playbook. The company now represents the first listed Asian corporation to fully adopt Bitcoin as its treasury reserve asset. Metaplanent is now more…

Cryptocurrencies strengthened on the back of equity gains at the start of Monday, indicating increased optimism ahead of major central bank decisions. This week, investors await the release of key economic data and the Federal Reserve’s July meeting slated for the week. The Fed’s meeting will begin on Tuesday and end on Wednesday, with an announcement of interest rates and new monetary policy guidance. Rates are widely expected to remain steady, but investors are looking for signals about when and how many rate cuts may occur this year. They will therefore be intently following any policy guidance issued by the…

A trader recently made headlines by spending 440 $ETH (approximately $1.5M) to acquire 21,183 $BANANA tokens at an average price of $71.14. This significant transaction occurred seven hours ago. A trader spent 440 $ETH($1.5M) to buy 21,183 $BANANA at an average price of $71.14 7 hours ago.This trader previously bought 18,803 $BANANA($235K) at $12.52 and sold at $26.26, making a profit of $258K!Address:0x02F6f73Ebd8D79003EE5d84fB642ca7695882D63 pic.twitter.com/8MJuoHKsjL — Lookonchain (@lookonchain) July 19, 2024 The same trader had bought 18,803 $BANANA for $235K at $12.52 each and sold them at $26.26, resulting in a substantial profit of $258K. The trader’s wallet address is 0x02F6f73Ebd8D79003EE5d84fB642ca7695882D63.…