Author: NBTC

The non-fungible token (NFT) market has climbed with massive shifts in terms of collection rankings over the past seven days. As per the new market data, CryptoPunks, f(x) wstETH position, and Pudgy Penguins have taken the top places among the prominent ten NFT collections of the week. This noteworthy progress of the NFT sector indicates the growing sentiment, ecosystem utility, and liquidity. Additionally, this robust performance also highlights that the NFT sector is continuously evolving over time. CryptoPunks, f(x) wstETH, and Pudgy Penguins Dominate NFT Collections Based on Weekly Sales Volume Particularly, CryptoPunks stands in the 1st position among the…

In the dynamic and often mysterious world of cryptocurrency, certain events capture the attention of investors and enthusiasts alike. One such event recently unfolded, spotlighting a newly established wallet that has rapidly ascended to the ranks of an Ethereum whale. This significant development, involving the accumulation of hundreds of millions of dollars in Ether (ETH), prompts crucial questions about market movements, institutional strategies, and the future trajectory of the second-largest cryptocurrency by market capitalization. Who is This Mysterious Ethereum Whale? On-chain analytics platform Onchain Lens recently brought to light a fascinating development: a newly created wallet received an additional 13,696…

An interview with Jed McCaleb, co-founder of both Ripple and Stellar, has resurfaced, reviving the argument around XRP and XLM. The interview, originally aired by CNBC in March 2018, was recently shared by Stellar community member “Stellar Expert.” Alongside the clip, he asked several questions about Ripple’s practices and XRP’s structure. McCaleb Reveals Why He Left Ripple In the interview, McCaleb explained that he left Ripple to build a network with a different philosophy. He said he wanted to create something more open, more decentralized, and less tied to a single organization. Building on this, Stellar Expert asked why Ripple…

The Ripple vs SEC lawsuit has taken center stage once again, this time not in court, but on X (formerly Twitter). Although Ripple CEO Brad Garlinghouse recently announced that the case is “behind them,” the legal battle is still not over on paper. Political Ties Spark Controversy What’s stirring even more chatter is a new round of political allegations around Ripple’s involvement in the 2024 U.S. presidential election. A user on Twitter recently claimed that Ripple and its top executives largely supported Vice President Kamala Harris during the election, while avoiding support for Donald Trump. The donations have led to…

Michael Saylor’s Strategy (MSTR) has reached an all-time high market capitalization, driven by a significant Bitcoin accumulation strategy and rising crypto market momentum. The company’s stock price surged over 21% in the past month, reflecting growing investor confidence amid Bitcoin’s recent price rally. According to COINOTAG sources, MSTR is “gearing up for the next leg to all-time highs,” signaling strong bullish sentiment in the market. Strategy’s MSTR hits record market cap amid Bitcoin rally, with stock climbing 21% and fresh Bitcoin purchases fueling investor optimism. MSTR’s Market Capitalization Surges as Bitcoin Prices Climb Strategy’s stock, MSTR, closed Wednesday at $455.90,…

As Ethereum (ETH) unstaking queue routinely sets one record after another — now sitting at unbelievable 13 days — top investor Cathie Wood blames VCs and treasury companies for the insane “traffic jam.” After reaching a historic high at 30%, the staked ETH share is about to drop. Who siphons ETH from staking? ARK Invest’s Cathie Wood shares her take The unwitnessed ETH unstaking queue swell should be attributed to Robinhood’s 2% deposit promo and the aggression of treasury companies and VC firms, Cathie Wood, CEO and founder of ARK Invest, shared with her 1.8 million X followers today, on…

U.S. SEC Commissioner Caroline A. Crenshaw has addressed the frustration over the slow pace of review for spot-based crypto ETFs, including those tied to XRP. Several investors have expressed frustration over the SEC’s repeated delays in deciding the fate of spot ETFs tied to altcoins, such as XRP. In June, the commission delayed its decision on Franklin Templeton’s spot XRP ETF application, just as it had done for several XRP ETF filings in previous months. Reason Behind Delays Speaking in a recent interview on The David Lin Report (TDLR), Commissioner Caroline commented on the SEC’s repeated delays in approving XRP…

YouTuber Logan Paul shouldn’t be allowed to blame the co-creators for the failure of his crypto project CryptoZoo to escape a lawsuit, a US judge has advised. Magistrate Judge Ronald Griffin on Tuesday urged a federal court in Austin, Texas, to deny Paul’s request for a default judgment against CryptoZoo co-founders Eduardo Ibanez and Jake Greenbaum in a lawsuit by CryptoZoo non-fungible token buyers who claimed the project was fraudulent. Judge Griffin said to allow Paul’s bid, which would see the court rule against Ibanez and Greenbaum without a trial because they haven’t responded, “would undeniably result in inconsistent judgments.”…

Bitcoin price started a downside correction from the $123,200 zone. BTC is now consolidating below $120,000 and might attempt a fresh increase. Bitcoin started a fresh decline from the new all-time high near $123,200. The price is trading below $119,500 and the 100 hourly Simple moving average. There is a rising channel forming with support at $118,200 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might start another increase if it clears the $120,000 resistance zone. Bitcoin Price Hits Support Bitcoin price started a downside correction from the new all-time high at $123,200. BTC…

Ethereum has tested the $3,800 resistance four times, showing growing strength from buyers. Van de Poppe expects a brief dip before Ethereum shoots toward the $4,000 level. Bitcoin rallying toward $120,000 could spark Ethereum and altcoins into strong upward momentum. Institutions poured $1.39B into Ethereum ETFs this week, marking 11 weeks of inflows. Ethereum, the second-largest cryptocurrency with a market cap of $453 billion, has been testing a strong resistance level again and again, and it might finally be ready to break through. Meanwhile, crypto analyst Michael van de Poppe believes that Ethereum could soon hit $4,000, especially if Bitcoin…