Author: NBTC
Upbit, one of the global digital asset exchanges, has announced that it supports Solary (LAYER) trading on the KRW, BTC, and USDT markets. Upbit Lists Solarier (LAYER) for Trading on KRW, BTC and USDT Markets Deposit support for LAYER via the Solana network will begin on February 11 at 21:00, with the exact transaction start date to be announced later. Upbit has set basic trading restrictions for Solarier: Buy Order Restriction: Buy orders will be restricted for the first five minutes after trading begins. Minimum Sell Price Restriction: The reference price for minimum sell orders will be provided before trading…
LayerZero has announced a strategic partnership with Unchain. The alliance, which is an important development within the blockchain landscape, is primed to advance multi-chain scalability and interoperability. It aims to integrate LayerZero’s technology into Unchain’s network. 🦄 LayerZero is live on @unichain as a day-one interop provider!Starting today, developers from over 120 networks connected by LayerZero can send messages, deploy applications, and transfer tokens to Unichain. https://t.co/ewFopGBwDJ pic.twitter.com/mmeMAw6ydO — LayerZero (@LayerZero_Core) February 11, 2025 LayerZero is a technology that focuses on enabling different digital ledgers to seamlessly interact and communicate with each other. It is a smart contract that specializes…
Disclaimer: The analyst who wrote this piece owns shares of MicroStrategy (MSTR).MicroStrategy (MSTR) has increased its bitcoin (BTC) holdings for the ninth consecutive week.MicroStrategy holds more bitcoin than any other publicly traded company. In the week ending Jan. 5, MicroStrategy purchased a further 1,020 BTC for $101 million, bringing its total bitcoin holdings to 447,470 BTC.It wouldn’t be a Sunday without Executive Chairman Michael Saylor teasing the announcement in a post on X. The average purchase price of the bitcoin was $94,004, which raised the average price to $62,503.The latest bitcoin purchase was funded through share sales under the company’s…
Key Takeaways Ethereum short positions have increased by 500% since November 2024, reaching fresh highs. While Bitcoin and other major crypto assets have rebounded, Ethereum remains underperforming. Ethereum is facing a record level of short selling from hedge funds, with futures contracts on the CME reaching a new peak of 11,341, ZeroHedge’s new chart shows. Hedge funds’ record shorts weigh on Ethereum Bearish bets have surged over 40% in a week and 500% since last November, as analyzed by The Kobeissi Letter. The aggressive shorting raises red flags about Ethereum’s near-term prospects. The Kobeissi Letter’s analysis notes that Ethereum’s history…
In the last 24 hours, Ripple’s RLUSD stablecoin has seen significant movement across unknown wallets. According to on-chain data, 12 transactions involving RLUSD were recorded in this time frame, totaling 8,104,394 RLUSD. The most recent transaction involved 588,029 RLUSD, which was moved between two unknown wallets. 🚨🚨🚨🚨🚨🚨 588,029 #RLUSD transferred from unknown wallet to unknown wallet.https://t.co/NdIXa9vlE3 — Ripple Stablecoin Tracker (@RL_Tracker) January 10, 2025 Ripple Stablecoin Tracker, a community account on X tracking the minting, redemption and transfer of Ripple’s RLUSD, reports transactions involving the RLUSD stablecoin within the last 24 hours: 588,029 RLUSD went from one unknown wallet to…
The SEC has agreed to suspend its lawsuit against Binance, the world’s largest cryptocurrency exchange by volume, in a move that some legal experts say signals a momentous shift in regulatory policy towards crypto companies in the United States. Binance and the SEC jointly filed a motion earlier this week to grant a 60-day pause to the years-long lawsuit, which initially accused Binance of “blatant disregard” of federal securities laws and willful disregard of investor protections, anticipating fresh guidance from the newly created crypto task force within the SEC. Such a move would have been unthinkable even just months ago…
Robinhood, the American brokerage industry disruptor, continues its expansion in the United Kingdom by launching options trading. Announced today (Tuesday), the platform has already started rolling out options trading for traders in the country, with “broader availability [is] expected in the coming days.” Options Are the Revenue Generator The California-headquartered broker’s flagship offering in its primary US market is options trading, although it also offers trading in cash equities and cryptocurrencies. In the third quarter of 2024, it generated $637 million in revenue, of which $319 million came from transaction-based activities. Options trading alone brought in $202 million, followed by…
CZ says that the crypto sphere ‘needs more dApps’ rather than new chains in response to a post highlighting how new chains struggle. Former Binance CEO Changpeng “CZ” Zhao emphasized the need for crypto industry builders to focus more on developing decentralized applications or dApps, rather than creating new blockchain networks. “Need more dapps instead of chains,” wrote CZ in a recent post. CZ’s comment was made in response to a statistic shared by a Messari researcher @defi_monk which spotlights how new blockchains are experiencing a decline after their respective Token Generation Events. According to data from Messari, Starknet (STRK)’s…
Ethereum, the second-largest cryptocurrency by market cap, is under significant pressure as hedge funds ramp up their bearish bets. Despite the broader crypto market showing signs of recovery, Ethereum has been left trailing. Since November 2024, short positions against Ethereum have surged by 500%, reaching record highs, according to data from The Kobeissi Letter. This aggressive shorting signals growing concerns about Ethereum’s near-term stability. What is happening with Ethereum?Short positioning in Ethereum is now up +40% in ONE WEEK and +500% since November 2024.Never in history have Wall Street hedge funds been so short of Ethereum, and it’s not even…
XRP Ledger (XRPL) is reported to be on the verge of a massive technological upgrade, as multiple amendments have been listed for voting. The team has disclosed that XRPL is nearing 80% of its server upgrade, with older versions expected to be automatically disconnected after completion. The XRP Ledger is expected to commence a comprehensive upgrade as eight key amendments have been lined up for voting. According to the post shared on X, the adoption of the XRPL v2.3.0 would see the 2.2.x and older servers disconnected from the network. Fascinatingly, this comes after an update was implemented to slash…