Author: NBTC
Cryptocurrency exchange Binance has announced the GUNZ (GUN) token as its new Launchpool project. Looking at past Launchpool projects, we can estimate the new airdrop distribution by examining the average airdrop amount per staked BNB and FDUSD. In previous projects, users who staked BNB received an airdrop worth $0.89 per token on average, while FDUSD stakers received an airdrop worth $1.78 on average per $1,000 of stablecoin staking. Of course, this value may change if factors such as the number of participants in this project, the amount of tokens distributed, and the starting price of the token when listed are…
Bitcoin (BTC) has been consolidating for over two months, with technical indicators suggesting the cryptocurrency may soon test key resistance levels, potentially paving the way for a breakout. Notably, an analysis by TradingShot highlights that BTC has been consolidating within a ‘Rectangle’ pattern, displaying remarkable technical symmetry, which could help trace its next move. At press time, BTC is trading at $99,543, with a one-day gain of 1.13%. Despite its year-to-date gain of 3%, Bitcoin’s price has remained range-bound for over two months, between $91,500 and $106,500, signaling ongoing consolidation. While Bitcoin hit a year-to-date high of $109,000 on January…
The US spot Exchange-Traded Fund (ETF) market currently reveals a stark divergence between Bitcoin and Ethereum. Spot Bitcoin ETFs recorded another $89.06 million in net inflows on March 27, 2025, achieving their tenth consecutive day of positive flows. In sharp contrast, spot Ethereum ETFs experienced further net outflows totaling $4.22 million, extending their recent losing streak to 17 straight days. This clear difference in capital movement signals shifting investor preferences between the top two crypto assets, at least within the regulated ETF wrapper. Why Do Bitcoin ETFs Continue to Attract Capital? US spot Bitcoin ETFs have shown renewed strength following…
The price of Shiba Inu dropped 3.87% in 24 hours, while whales added 6.33 trillion tokens in 2024 as mid-tier holders reduced stakes. In recent weeks, Shiba Inu (SHIB) has witnessed significant fluctuations, with its price failing to gain momentum. As of today, SHIB is trading at $0.00001526, reflecting an 18.38% drop over the past week. Despite the downward trend, blockchain data shows that large SHIB holders, particularly whales with 10 trillion to 100 trillion tokens, have continued accumulating. Large Shiba Inu Holders Increase Holdings IntoTheBlock data reveals that large Shiba Inu whales added 6.33 trillion SHIB to their holdings…
The US Treasury, having just dropped sanctions against the crypto mixer Tornado Cash, filed a notice last Friday declaring a Texas district court case is now “moot” before a final judgment can be made. The “moot” notice implies the case is no longer practical due to the Treasury removing Tornado Cash sanctions. As such, the Texas District Court might refrain from issuing a final judgment and dismiss the case. The Rage reports that if this happens, there will be no binding court order to stop the Treasury from sanctioning Tornado Cash or similar software again. Read more: OFAC ‘overstepped’ on…
Ethereum (ETH) is facing downward pressure as the coin, within the last 24 hours, has lost 7% of its value despite a bullish ecosystem trend. It has continued to fall, unable to find support at the $1,900 level. This has sparked concerns among investors, who wonder whether ETH could reverse the trend. Ethereum’s sharp decline sparks market concerns Mike McGlone, Senior Macro Strategist at Bloomberg Intelligence, has provided insights into Ethereum’s price trajectory. According to McGlone, the broader financial market must pay attention to Ethereum’s price trajectory. He believes a relationship exists between ETH’s current performance and other risk assets.…
South Korea’s largest cryptocurrency exchange Upbit has issued an investment warning regarding the HIFI token. Upbit Issues Investment Warning for HIFI Token, Suspends Deposits The token was placed on a transaction watchlist by the Digital Asset eXchange Association (DAXA), causing Upbit to suspend deposit services for HIFI. In a statement released by Upbit, the exchange advised investors to be cautious when considering HIFI as part of their portfolios, citing concerns over the token’s performance and potential risks. The suspension of deposits is intended to protect users while regulatory and market investigations continue. DAXA’s inclusion of HIFI on its watchlist further…
While the leading cryptocurrency Bitcoin (BTC) exceeded $ 100,000 following below-expected non-farm employment data, QCP Capital shared its current analysis. Analysts stated that BTC’s failure to regain the $99,000 resistance in recent days has intensified sales and caused an uncertain market outlook, and that Bitcoin is at risk of retreating towards $80-90,000. Analysts stated that investors are focusing on BTC put options of $80,000 dated February 28, 2025 and $90,000 dated February 21, 2025, indicating that investors remain cautious and the market continues to price in downside risks. “Continuing to observe interest in BTC 28FEB25 80K puts and BTC 21FEB25…
IOTA Rebased Testnet is in its latest phase of development before mainnet launch. The protocol is onboarding validators who are securing billions in assets. The IOTA Rebased test network recently announced onboarding a new set of trusted validators in the blockchain space. This marks the first validators welcomed this year, highlighting the network’s determination to build a robust and diverse infrastructure for the upcoming mainnet launch. Duties of the IOTA Rebased Validators IOTA brought the news to the public in a recent X post, highlighting the core duties of the validators to the Rebased testnet. Importantly, these validators, which have…
A bill recently presented to the National Assembly in Panama proposes legalizing the voluntary acceptance of cryptocurrency in commercial transactions. The proposal also encompasses VASP regulation and integrating blockchain for optimizing state processes. Bill Introduced in Panama Proposes Voluntary Cryptocurrency Acceptance, Blockchain Integration More and more countries are starting to appreciate the properties of cryptocurrency and blockchain, planning the regulation of these elements to streamline commercial and state adoption. The “establishing a regulatory framework for cryptocurrency and blockchain usage, and promote a digital economy in Panama” bill was recently introduced to the National Assembly by Substitute Representative Gabriel Solis, seeking…