Author: NBTC
Memecoin transactions made by some lucky whales continue to come to the fore in the cryptocurrency market. According to onchain data provided by Lookonchain, a crypto whale made a huge profit from a trade by spending just 1 SOL token. According to the data, this crypto whale spent 1 SOL, or about $169 at the time, to buy a memecoin called Mundi. Following the rise in the Mundi token, this lucky whale’s assets increased by 2,580x to $435,000. However, it is important to note that most memecoin investors are losing money and this whale may also be an insider trader…
Sky Protocol, formerly Maker, keeps expanding the supply of USDS, reflecting the growing demand for passive yield. The protocol retains some of the legacy DAI supply, which is also actively used in decentralized trades and lending. The stablecoin of Sky protocol, USDS, reached a new supply peak above 1.8B, after accelerated swaps from DAI. Both the new and the legacy stablecoin have a total supply of over 5.8B and are used in active and passive DeFi activities. USDS is still in the process of minting, as the swap mechanism from DAI is still open. The chief driver of the growing…
Disclaimer: The analyst who wrote this piece owns shares of MicroStrategy (MSTR) The bitcoin (BTC) development company MicroStrategy (MSTR) is one of the most volatile and traded equities on the market. Volatility within an equity can be beneficial as it allows for high-volume trading. Even though MicroStrategy has a market cap of less than $100 billion, its trading volume rivals that of the magnificent seven technology companies. All the seven magnificent tech stocks have a market cap of at least $1 trillion, well over ten times the market capitalization of MicroStrategy, with Apple (APPL), NVIDIA (NVDA), and Microsoft (MSFT) having…
The crypto market keeps showing significant trademark volatility as many tokens witnessed substantial gains in the last 24 hours. As per data from Phoenix Group, $HYPE, $G3, and $QUBIC have dominated the daily crypto gainers with double-digit percentage increases. The analytics provider took to social media to share the list of the prominent crypto projects with significant gains. DAILY GAINERS$HYPE +82.1% #G3 +60.9% $QUBIC +52.7% $DGB +43.8% $RWA +42.2% $MODE +42.1% $CORE +41.0% $DOGE +40.1% $WAVES +36.8% $XCH +36.1%#dailygainers pic.twitter.com/RLZ0mB1xqx — PHOENIX – Crypto News & Analytics (@pnxgrp) November 30, 2024 $HYPE Dominates the Crypto Gainer with an 82.1% Increase…
Bitcoin reached a new ATH of $99,655, with November gains at 40.8%. US spot Bitcoin ETFs added over $30B in inflows, led by BlackRock’s $2.05B purchase. Bitcoin (BTC) reached a new all-time high of $99,655.50, edging closer to the $100,000 mark. Although the price slightly dipped to $98,515 today, Bitcoin has posted its largest monthly gain ever, surging over 40.8% in November. This growth reflects increasing optimism in the broader crypto market. Over the past 15 hours, 1.38B $USDT has flowed from Tether to exchanges. The total global crypto market cap has risen to $3.35 trillion, with Bitcoin dominating at…
Babylon Labs and Fiamma, a Lightspeed Faction-backed platform focused on unlocking real-world assets on Bitcoin, are teaming up to advance a BTC-secured decentralized world. Fiamma has secured a strategic investment from Babylon Labs to help bring this vision to market, according to a press release. As the two platforms look to boost a Bitcoin (BTC) -secured decentralized finance ecosystem, the key focus will be on bringing trust-minimized Bitcoin bridges to developers and blockchains. Babylon Labs and Fiamma plan to integrate zero-knowledge technology into Bitcoin through Fiamma’s BitVM2 protocol, unlocking new potential across Bitcoin’s 21 million supply. You might also like:…
Layer-2 blockchain platform, Mint has partnered with the OKX Wallet to release a unique Pioneer Explorer NFT drop. This NFT collection is dedicated to marking the partnership between these two pioneers of blockchain technology and is a testament to a new wave of decentralized systems and digital assets. We’re thrilled to unveil the Mint x OKX Pioneer Explorer NFT, a groundbreaking collaboration with OKX @wallet! This exclusive NFT is a commemorative digital collectible celebrating the Mint × OKX partnership.🎉 Limited to just 20,000 pieces (5,000 reserved for partners), the… pic.twitter.com/V5qmFV0bWj — Mint🍀 (@Mint_Blockchain) January 10, 2025 A Rare Collectible With…
Surpassing the eight million registered voters mark and recording significant growth in several areas, SoSoValue announced that it has raised $15 million in a Series A. This exciting news comes off the back of a $4.15 million seed round in July 2024, bringing the total investment to nearly $20 million. This recent Series A funding was co-led by HSG and SmallSpark, HSG being an existing shareholder who also led the previous seed round. Mirana Ventures and SafePal were the other participants in this round. The funds will serve primarily as a reserve fund for the SoSoValue Indices (SSI) Protocol. SoSoValue…
The crypto market has witnessed significant activity in the case of many tokens as they have reached exclusive all-time high prices. As per the data from Phoenix Group, top tokens in terms of recent peak prices include $HYPE, $L3, $BGB, and so on, reflecting resilient momentum across blockchain projects. The analytics provider shared the list of these tokens on its official social media account. TOP TOKENS THAT HAVE REACHED A NEW #ATH RECENTLY$HYPE #L3 $BGB #VIRTUAL $TAI $RWA $SPEC $THE $NRN $MEMEFI pic.twitter.com/ifKdCudtV1 — PHOENIX – Crypto News & Analytics (@pnxgrp) November 30, 2024 $HYPE Leads the Pack of Crypto…
Cardano’s Hoskinson highlighted perceived inconsistencies in the U.S. justice system, citing Hunter Biden’s recent pardon as an example of unequal treatment. Despite the controversy, Trump’s pro-crypto stance has garnered strong support within the crypto community. Cardano founder Charles Hoskinson has condemned the January 10 sentencing of former U.S. President Donald Trump in the Manhattan hush-money case. He denounced the decision as a divisive tactic threatening the peaceful power transition. Moreover, the ruling has generated heated discussions about what it means for governance and how it will shape the justice system’s fairness. Justice Juan Merchan decided to deliver his verdict ten…