Author: NBTC

A smart Bitcoin whale deposited 400 BTC on Binance, securing $90 million in profits. Despite profit-taking, whale still holds 1,100 BTC valued around $129 million. Bitcoin trades near $118,750, with strong institutional inflows and bullish market sentiment continuing. A savvy Bitcoin whale has shown once again that big profits come to those who wait and plan well. Meanwhile, on-chain analytical platform Lookonchain shared that this whale made a profit of over $91 million with an ROI of 109%. What’s interesting is that this investor still holds over 1,100 BTC. Let’s dive in detail! Bitcoin Whale Made $91.5M In Profit According…

Ethereum (ETH) is finally having its breakout day, as BTC dominance stalled. ETH recovered the $3,300 level, setting expectations for an even more significant run. Ethereum (ETH) broke out to $3,359.11, reaching a three-month peak and recovering some of its losses from the slump in March and April. ETH is closely watched for its ability to break out even higher after months of weakness against BTC. ETH also gained to 0.029 BTC, as the leading coin is consolidating at $118,000. The recent ETH recovery also sparked hopes for a full altcoin market, or at least a spillover to the Ethereum…

LD Capital Founder Jack Yi believes UNI has the potential to reach new highs as it follows Bitcoin and Ethereum’s lead in the bullish rally. The asset is the third largest in the company’s balance sheet. In a recent post, the LD Capital founder highlights the characteristics that make Uniswap’s (UNI) native token a strong contender in the altcoins race. He expressed optimism in the asset that occupies the third-largest share in his company’s, crypto holdings. Seeing as the two other large assets, Bitcoin (BTC) and Ethereum (ETH) have seen strong gains in the past few days. BTC不断新高，ETH冲刺新高，UNI距离新高还有三倍，ETH趋势确立后，被誉为3倍以太杠杆的UNI，确定性和潜力空间巨大，一是ETH龙头，最大DEX，二是DeFi 政策利好，若费用开关提案通过，代币经济模型巨大升级。三是整个UNI共识和走势在主流币里非常良好。UNI是我们第三大投资品种，在6块的时候Trend… —…

World Liberty Fi expects its native voting token WLFI to become tradable in 6-8 weeks, following a community vote. The token, which is held by whales and retail, will enter price discovery, gauging the success of the Trump family crypto fund. World Liberty Fi announced its native WLFI token will start trading within 6-8 weeks. Following a community vote to make the asset transferable and tradable, WLFI will start exploring exchanges. The voting period was opened on July 4, finally reaching the decision to make WLFI transferable to wallets and exchanges. WLFI will prepare for trading after striking alliances with…

Continuing on the momentum of adopting stablecoins and crypto as a payment method in the UAE, the Abu Dhabi Judicial Department (ADJD) has partnered with Al Maryah Bank (MBANK) to introduce the use of digital currency for the payment of judicial and legal service fees. As per the press release, ADJD will be the first governmental entity in the Middle East to accept an AED stablecoin, AE Coin, for payment for court related transactions. AE Coin was the first AED stablecoin to be licensed in the UAE. ADJD sees this as part of UAE strategy towards establishing a digital economy…

Bitcoin may be entering a short-term correction phase, as on-chain and market sentiment indicators flash caution despite an overall bullish trend. According to a July 20 analysis by CryptoQuant contributor ShayanMarkets, Bitcoin (BTC) reserves on centralized exchanges have risen to their highest level since June 25. This uptick in exchange balances reflects ongoing profit-taking by investors, increasing the supply of BTC that could potentially be sold. Reserve increases of this kind have historically preceded market declines or times of price consolidation, particularly when they occur in tandem with waning buy-side momentum. Darkfost, a fellow CryptoQuant contributor, pointed out a significant…

Ethereum surged past the $3,300 mark on July 16, trading at levels not seen since early February, as inflows into spot Ethereum exchange-traded funds hit a new all-time high. As of this writing, Ethereum (ETH) is up 7% over the last day, trading at $3,336. The token peaked at $3,385 intraday, marking a significant breakout after weeks of range-bound movement. ETH has gained 20% in the last week and has now increased by about 30% in the last 30 days. It is only 31% below its peak of $4,878, which was reached in November 2021. The rally comes as demand…

There’s speculation about when the Fed will resume its interest rate cuts, which have been on hold since January. At this point, the majority of Fed members expect the first rate cut of the year to occur in July or September at the latest. Speaking recently, Fed member Christopher Waller stated that he wants to cut interest rates in July due to rising growth and labor market risks. Speaking at the New York University Money Marketers meeting, Waller said he believes the Fed should cut interest rates at the end of July because of the growing risks to the economy…

EtherFi, the largest Ethereum-based liquid restaking protocol with nearly $9 billion in total value locked (TVL), is branching out into the Hyperliquid ecosystem via a pre-deposit partnership with HyperBeat, the top yield aggregation protocol on the HyperEVM, Hyperliquid’s Layer 1 blockchain. EtherFi and HyperBeat are launching preHYPE, a secure multi-signature vault for early deposits ahead of the release of beHYPE, a liquid staking token (LST). The vault leverages EtherFi’s existing infrastructure and user network alongside HyperBeat’s yield optimization strategies. Within six weeks, preHYPE is set to transition to a fully smart contract-based system, according to a release viewed by The…

French Hill, Chair of the House Financial Services Committee, expressed confidence that the GENIUS Act, CLARITY Act, and Anti-CBDC bill have the votes needed to advance in the House. “I believe that we do have the votes to advance the Senate Genius Act, which will create the first federally regulated, with clear rules, dollar-backed payment stablecoin, which will unleash a new competitive round in how payments are done when they’re used in a blockchain application,” said Hill in a Wednesday interview with CNBC. Hill indicated that House Speaker Mike Johnson is currently coordinating how these measures will be presented for…