Author: NBTC
Pendle (PENDLE), a DeFi protocol focused on tokenized yield trading, drew attention recently due to a reported surge in large whale transactions associated with its token. According to data from on-chain analytics provider Lookonchain, five newly created wallets collectively withdrew 2.66 million PENDLE tokens from Binance. Whales are accumulating $PENDLE!5 newly created wallets withdrew 2.66M $PENDLE($7.9M) from #Binance in the past 5 days.Address:0x21fBA58b20f62397c015bc1f5a15f742ad430dFA0x2EB48c60F4ea75fa0a0Ff5BB017EBD9f5981b8F50x11DFEDf01B3FA824BbCB138159B2e6AFE43692a3… pic.twitter.com/hnnXVeUqUY — Lookonchain (@lookonchain) April 2, 2025 This amount was valued near $7.9 million over the past five days, as reported by Lookonchain. This significant off-exchange movement suggests growing confidence among large holders and sets up a…
Shiba Inu lead developer Shytoshi Kusama has more reasons to argue that the SHIB project has evolved beyond its meme origins. In a tweet on Tuesday, Kusama reminded the crypto community that Shiba Inu has grown into a utility-driven project to such an extent that it no longer fits the categorization of meme coins. With the most recent partnership announcement, Kusama emphasized that it is proof that SHIB is not a meme but a serious project in the crypto space. “We are actually a technology powerhouse,” he said. Proof Shiba Inu is Not a Meme, Per Kusama Notably, this bold…
A dormant Ethereum ICO wallet moved 1,700 ETH ($3.18M) after seven years of inactivity. The ETH was transferred to Binance, raising interest in the crypto community. The transfer marks a rare occurrence of a dormant wallet becoming active after a long period. An Ethereum ICO participant moved 1,700 ETH worth $3.18 million to Binance following an inactive seven-year span. The immense transaction drew widespread attention from the cryptocurrency community because the wallet lay dormant for seven years. Crypto Rover noted on X that a wallet that had been inactive for seven years made an unexpected move that signifies a very…
Around 1:30 PM today, many altcoins on cryptocurrency exchange Binance experienced sudden and sharp declines, with ACT/USDT down over 49% in 30 minutes, DEXE/USDT down over 23%, and DF/USDT down over 16% in the same period. The unexpected decline was triggered by large sell orders executed within a short time frame, leading to a significant increase in spot trading volume. Benson Sun, a former FTX community partner, analyzed the situation and attributed the price crash to Binance’s recent adjustments to ACT’s leverage position limits. The platform had introduced a rule that limited maximum open positions at 1x leverage to $4.5…
DeFi lending continues to be one of the most active type of apps on multiple chains. The sector is adapting to the market slowdown by lowering its interest rates. DeFi is lowering interest rates across the board, with all protocols shifting to the lower range of yield. DeFi lending protocols will usually adjust yield to reflect market conditions, pushing even Aave to go as low as 4.63%. Sky Protocol, formerly Maker, is down to 6.09%, from 12.5% near the peak of the market cycle. Yield and passive income is key at this stage of the crypto cycle, driven by a…
Popular cryptocurrency tracker Shibburn has spread the word about a large number of SHIB meme coins that have been pushed out of circulation over the past day. It happened as the price of the second-most popular meme cryptocurrency, SHIB, is striving to recover after a recent 34% crash. SHIB burns soar 577% A tweet published by the aforementioned data platform earlier in the day shows that during the past 24 hours, the joined efforts of the Shiba Inu global community have helped them to rid of 18,760,236 SHIB by transferring them to unspendable wallets to be locked there for good.…
Ethereum price made a strong bearish breakdown during the weekend, reaching a low of $1,835, its lowest level since March 13. It has plunged by over 55% from its highest level in 2024. Why Ethereum price has crashed Ethereum has crashed because of its ecosystem challenges and the ongoing macro factors. Internally, Ethereum has plunged because of the ongoing outflows in the spot Ethereum ETFs. Data by SoSoValue shows that ETH ETFs have had net outflows in all days this month other than March 2 and 28. These funds have had a cumulative net inflow of just $2.4 billion, bringing…
Deus X Pay, a regulated virtual asset service provider, is providing an end-to-end solution for how businesses transact globally with the introduction of Virtual International Bank Account Numbers (vIBANs) in US Dollars (USD) and Euros (EUR). Deus X Pay’s vIBANs solve the challenge faced with converting and settling between digital assets and fiat accounts by offering dedicated account details, allowing businesses to make payments more efficiently. Key Features of vIBANs: Enhanced End-to-End Transaction Flow – funds move more efficiently between crypto-related businesses and non-crypto banks, overcoming restrictive banking relationships and providing a strong end-to-end solution for crypto to fiat payments…
Avara, the parent company of decentralized finance (DeFi) platform Aave, has simplified its self-custody Family Wallet by replacing complicated seed phrases with emails and SMS, making wallet creation and recovery painless in a bid to onboard more users. Family allows users to manage assets across various Ethereum Virtual Machine (EVM) networks, using passkeys like fingerprint or face scans, tied to the users’ device, Avara said in an emailed statement. Avara has also launched a new web dashboard for the Family Wallet where users can manage their account, as well as send, receive, and manage assets, the firm said. Holders of…
It seems that a massive Shiba Inu (SHIB) purchase took place in the last 24 hours. As revealed thanks to on-chain data from Arkham Intelligence, an unknown massive investor withdrew 107,071 billion SHIB from one of the largest crypto exchanges, ByBit. Estimated at $2.16 million per Shiba Inu token at current prices, this colossal amount of meme coins became the first addition to this whale’s portfolio in over a year. As of now, the wallet under the address “0x8c73” holds only SHIB and nothing else, although it previously held about 150 ETH, which would now be worth about $420,000. The…