Author: NBTC
V3V Ventures, a leading venture capital firm based in Singapore, has strengthened its position in the growing TON ecosystem. With their recent acquisition of the @trade username for $1.25 million, V3V Ventures seeks to establish a presence in the Telegram-based Web3 landscape, taking advantage of the platform’s opportunities. @trade, now a central asset in V3V Ventures’ digital portfolio, has seen its value surge to over $2 million since the acquisition. This growth reflects V3V Ventures’ strategy of combining premium digital assets with promotion and community engagement. By investing not only in acquiring @trade but also in promoting it through Telegram…
K9 Finance, the official liquid staking protocol for Shiba Inu blockchain Shibarium, has been listed on DeFiLlama, the largest TVL aggregator in the DeFi space. K9 Finance shared this milestone on its official X channel, generating positive feedback from its community. This development allows users to monitor K9 Finance’s activity directly through DeFiLlama’s dashboard, reflecting a growing interest in the protocol. K9 Finance’s page on DeFiLlama highlights the project’s current financial metrics. The total value locked (TVL) within the platform stands at $1.05 million, which indicates the number of assets secured in its smart contracts. The staked amount of its…
Recent trends indicate that Bitcoin might be heading towards its next bull run. Bitcoin reserves on exchanges have been falling significantly, a pattern that often precedes substantial price increases. Such a reduction in reserves means that Bitcoin holders are storing their coins in cold wallets, making less Bitcoin available in the market for trading. Historically, such a reduction in exchange reserves has been followed by price surges, according to reports from CryptoQuant. Bitcoin’s Next Bull Run?“Decreasing #Bitcoin reserves and rising stablecoin reserves indicate a bullish outlook for Bitcoin. As the market supply tightens and buying power builds, we could be…
In a notable development, Cardano (ADA) has reentered the top 10 cryptocurrencies by market capitalization, driven by a notable 12% price surge over the past week. After weeks of price consolidation, Cardano’s latest increase has allowed it to retake its position among the top 10 digital assets. In the past week, Cardano’s price increase has been impressive, with ADA climbing from $0.328 to $0.376 in just eight days. At the time of writing, ADA is trading around $0.372, up 4.91% in the last 24 hours and 12% weekly; its market capitalization has also increased. The surge has caused Cardano to…
Cryptocurrency exchange Bybit has published its fifteenth proof of reserves report, revealing major changes in user asset holdings across various cryptocurrencies. The snapshot of the asset holding was taken on October 1, 2024. The report shows notable increases in Bitcoin (BTC) and Ethereum (ETH) assets, while Tether (USDT) holdings have declined a bit. Source: Wu Blockchain Bitcoin and Ethereum assets show growth According to the report, Bybit’s user Bitcoin assets have grown to 51,421 BTC, marking a 4.65% increase from the previous snapshot on September 4, 2024. This growth indicates a rising interest in Bitcoin among Bybit users. Similarly, Ethereum…
The potential formation of a death cross, an indicator that hints at a possible bearish reversal when a short-term moving average crosses below a long-term moving average, puts Bitcoin at a critical level. The 50-day and 200-day moving averages of Bitcoin are progressively convergent, as the chart illustrates, which raises questions about the asset’s potential price movements. Because it typically indicates impending downward pressure, a death cross frequently causes traders to exercise increased caution. This pattern indicates that Bitcoin may be about to enter a prolonged bear market. Nevertheless, it is important to consider the larger market environment because death…
The Italian crypto sector is very worried because there is a growing belief that if the increase in taxes on crypto capital gains in Italy were to be effectively approved, its impact could be devastating. Several signatories of the open letter published at the end of last week by a large list of industry operators explain it. The crypto sector in Italy and the potential catastrophic impact of the new taxes The impact on the Italian crypto sector The amendment The joint attack of Consob and ECB The crypto sector in Italy and the potential catastrophic impact of the new…
Pygmy hippo Moo Deng has captured the hearts of the internet from a zoo in Thailand. The hippo has become a viral sensation. So it’s hardly surprising that a Moo Deng-inspired Solana meme coin has soared past a $70 million market cap in just two weeks. Moo Deng, whose name translates from Thai to “bouncy pork,” is a two-month-old pygmy hippo at the Khao Kheow Open Zoo in Chonburi, Thailand. The internet has gone wild for her chubby cheeks, cute demeanor, and the fact she’s always inexplicably moist—as posts rake in millions of views. And whenever there is a viral…
Binance Futures has announced that it will introduce the USDⓈ-Margined 1000CATUSDT Perpetual Contract offering traders up to 75x leverage at 15:30 UTC on October 21, 2024. Binance Futures to Launch 1000CATUSDT Perpetual Contract with 75x Leverage USDⓈ Collateral The new listing aims to enhance users’ trading experience and expand the range of futures products available on the platform. Basic Contract Features Maximum Leverage: 75x Initial Funding Rate: ±2.00% Funding Fee Settlement: Every four hours Launch Time: October 21, 15:30 The 1000CATUSDT contract will allow users to trade with high leverage with USDⓈ margin requirements. Binance noted that a Multi-Asset Mode…
Investors are currently focused on the potential Federal Reserve interest rate cut and how the monetary policy will likely impact the price trajectory of major assets such as Bitcoin (BTC). Indeed, Bitcoin has recently seen its price drop below the $60,000 mark, driven by concerns regarding the economy’s general health. The rate cuts are viewed as a potential course-altering move, especially amid recessionary fears. Regarding how Bitcoin will likely react, cryptocurrency trading expert Trading Shot outlined possible scenarios for the maiden digital asset in a TradingView post on September 11. The expert focused on the correlation between the Global Liquidity…