Author: NBTC
Galaxy Digital withdrew its ETH holdings from the Coinbase exchange. ETH depicted a 4.50% price dip in the last 24 hours according to CMC data. The beginning of August has witnessed a sharp intraday price decline in the leading altcoin, Ethereum. The token depicted a 4.50% decline in the last 24 hours and slid back to the $3,100 level. Notably, leading digital asset firm, Galaxy Digital showed ETH movements in the past few hours. According to Arkham Intelligence data, the firm withdrew 5K ETH tokens worth $16.07 million through an anonymous wallet acting as an intermediary. The anonymous wallet identified…
Shiba Inu (SHIB) is on the verge of a significant recovery, with trading volumes indicating strong investor interest. In the past 24 hours, a staggering 2.4 trillion SHIB tokens were traded, suggesting substantial accumulation by large holders, or “whales.” Whale Activity Peaks According to market intelligence platform IntoTheBlock, whales have been actively trading SHIB, with 3.45 trillion tokens moved on July 16 alone. Even the lowest recent daily volume was a substantial 854.29 billion tokens on July 11. This trend aligns with a broader rebound in the crypto market, indicating that whales are positioning themselves for potential gains. Potential for…
How might the SEC’s revised lawsuit against Binance, excluding the need to determine tokens as securities, change the regulatory approach towards digital assets? Table of Contents SEC’s changing stance Experts weigh in What’s next? The U.S. Securities and Exchange Commission has taken a new turn in its legal proceedings against Binance and its affiliates. A recent court document dated July 30 indicates that the SEC plans to request permission to revise its lawsuit, specifically the sections related to ‘Third Party Crypto Asset Securities.’ This proposed amendment is crucial as it indicates the SEC’s move away from requiring the court to…
In episode #1377 of The Pomp Podcast, host Anthony Pompliano sat down with Alex Thorn, the Head of Research at Galaxy Digital, to discuss the increasing influence of Bitcoin on Wall Street. Bitcoin: American Values Codified Thorn opens the conversation by drawing parallels between Bitcoin and American values. He argues that Bitcoin embodies self-sovereignty, free markets, capitalism, and private property rights. These principles, he claims, align closely with the American ethos, making Bitcoin an appealing asset for those who cherish individual freedom and financial sovereignty. Thorn emphasizes that Bitcoin’s decentralized nature enforces these values more robustly than traditional financial systems.…
Centralized crypto exchanges are slowly losing ground to their DeFi counterparts, according to an in-depth data analysis conducted by Decrypt. DeFiLlama decentralized exchange (DEX) volume data and CoinGecko total cryptocurrency trading volume data shows that the percentage of crypto trading volume that happens on DEXs compared to total trading volume went from 4.6% in February to over 7% this month. This is an increase of the DEX-fueled trading volume portion of over 52%. Source: Adrian Zmudzinski Messari senior research analyst Kunal Goel told Decrypt that multiple factors are fueling the DEX market share growth. He cited “the growth of meme…
Despite Ethereum not going through a particularly good moment in the crypto markets, experts’ forecasts on the price trend of ETH remain very positive. It should not be forgotten that in the current phase there are still large daily sales from the new Grayscale ETF, but this trend is destined to run out. The current situation The Grayscale case: the predictions on the price of Ethereum (ETH) The current price of Ethereum The forecasts on the price of Ethereum (ETH) The reliability of the forecasts The current situation At the time of the landing on the USA stock exchanges of…
Recent data reveals a significant drop in the supply of Fantom (FTM) coins held in cryptocurrency exchange wallets, reaching 639 million, the lowest since January 10, 2022. This reduction in available FTM on exchanges coincides with a Bitcoin-led rally, suggesting that investors are opting to hold onto their coins potentially signaling a bullish trend. Contents hide 1 Why Are Investors Holding FTM? 2 What Does Average Coin Age Indicate? 3 Key Inferences for Investors Why Are Investors Holding FTM? On April 4, the FTM supply on exchanges peaked at 674 million coins but has since dropped by 5%. This decrease…
Russia is reportedly set to swap two prisoners — a Wall Street Journal reporter and a former US marine — for a number of Russians held by the US and its allies, including the operator of the BTC-e crypto exchange, Alexander Vinnik. Bloomberg reported today that journalist Evan Gershkovich and Marine Paul Whelan are en route to locations outside of Russia. According to a report from Business Insider that cites state-run Russian outlet TASS, Vinnik, Vladislav Klyushin, Vadim Konoschenko, and Maxim Marchenko, will be sent in the other direction and their names have now been removed from the FBI electronic…
Free speech champions across the world celebrated earlier this week as Julian Assange – founder of WikiLeaks – was finally released from a UK prison after five years behind bars. During his more than decade-long legal battle to escape persecution from multiple national governments, Assange often leaned on crypto to drive global fundraising campaigns to secure his freedom. A newly resurfaced video from years before Assange’s arrest shows him praising cryptocurrencies as a powerful tool for freedom. What Julian Assange Thinks of Bitcoin In the September 2014 clip shared by MicroStrategy executive chairman Michael Saylor, Assange calls Bitcoin the “most…
Zilliqa has announced a collaboration with Brillion to improve real-world asset tokenization, bringing traditional banking closer to the world of decentralized finance (DeFi). The collaboration is expected to provide a secure and accessible solution for real-world assets, in line with Zilliqa’s goal of creating an easy-to-use blockchain, especially with the upcoming Zilliqa 2.0. Brillion, a multi-chain smart wallet, aims to bridge the gap between traditional banking and DeFi. It provides a B2C wallet for retail investors, as well as a B2B Wallet-as-a-Service (WaaS) platform with a full suite of tools for blockchain protocols and decentralized applications (dApps). Brillion’s B2B WaaS…