Author: NBTC
Whale profits $7.3M with PEPE tokens, turning $237K into 31x returns. Spotonchain highlights the importance of market timing for massive crypto profits. PEPE price surges 150%, hitting $0.00002 with bullish trends in sight. A crypto whale has recently made headlines after securing a massive profit by transferring a huge amount of PEPE tokens to Kraken. The whale deposited a staggering 356.2 billion $PEPE, valued at $7.3 million, marking an incredible 310% return on their initial investment. Crypto Whale MAade $7.54 Mln In Profit According to Spotonchain, a well-known market intelligence platform, on September 20, 2023, a crypto whale withdrew 375.65…
Base L2 integration boosts THORChain’s liquidity and cross-chain swaps, enhancing user experience and ecosystem growth. Upcoming airdrop of 700M JUP tokens on Solana fuels user activity, with staking rewards mitigating potential sell-offs. Terra founder’s January 8 trial revisits fraud charges, with significant implications for crypto regulations and accountability. Explore the latest in crypto news, including THORChain’s L2 integration, Jupiter’s massive airdrop, and pivotal legal cases impacting the market. THORChain Integrates Base L2 In October, Nine Realms, which supports the THORChain ecosystem, revealed the network’s roadmap, indicating plans to start supporting Base L2 for cross-chain swaps. “Base may be the next…
A massive new Bitcoin whale has emerged with a single transfer of a staggering 3,073 BTC. Blockchain data reveals that the transfer occurred between two wallets with no prior major activity, suggesting the emergence of a new large holder, or whale. Whale Alert reports that “3,073 BTC worth $297,533,192 transferred from unknown wallet to unknown new wallet.” 🚨 🚨 🚨 🚨 🚨 🚨 🚨 🚨 🚨 🚨 3,073 #BTC (297,533,192 USD) transferred from unknown wallet to unknown new wallethttps://t.co/N8I0rX8beA — Whale Alert (@whale_alert) November 24, 2024 The transaction has raised questions about whether this is the result of whale accumulation,…
This is a segment from the 0xResearch newsletter. To read full editions, subscribe. In 2017, investor John Pfeffer published “An (Institutional) Investor’s Take on Cryptoassets,” a seminal paper on long-term investments of crypto tokens. In retrospect, Pfeffer’s original thesis was way ahead of its time. It laid the formative groundwork for investor thinking around magic internet money, and made many prescient predictions that still hold up today. Pfeffer argued that the equilibrium long-term outcome would be one dominant crypto asset as a monetary store of value, with bitcoin as the likely candidate. He projected BTC’s market cap within a range…
United States President Joe Biden rejected Japan’s Nippon Steel takeover deal with US steel, sparking animosity with the Japanese government. Biden justified the rejection, citing national security and supply chain concerns. Trade Minister Yoji Muto, however, has labeled his decision ‘incomprehensible.’ The situation looks even worse between the two as the U.S. president’s staff revealed they had accidentally copied and pasted sections of a previous executive order on a Chinese crypto mining company on Nippon Steel’s directive. Title errors are adding to the growing tensions between the US and Japan U.S. President Joe Biden blocked Nippon’s takeover deal, despite concerns…
Decentralized Physical Infrastructure Networks (DePin) are transforming the tech by enabling decentralized projects in real-world infrastructure. Here’s what happened in the DePin sector recently: OpenLedger partners with io.net for AI development, Harvard Business School approved a case on Helium, and Peaq released an Ecosystem Report for November activities. OpenLedger Partners with Io.net Io.net, a DePIN GPU compute network, partnered with OpenLedger this week. OpenLedger is a data blockchain for AI, and it will use Io.net’s GPU resources to refine and train its AI models. These resources will also run support and hosting services for OpenLedger’s AI models, helping ensure their…
Rango Exchange, a prominent cross-chain interoperability entity, has effectively deployed advanced smart contracts across twenty-four blockchains. The upgraded smart contracts’ deployment without any downtime marks a landmark achievement for Rango Exchange in the case of blockchain integration. The platform disclosed this development on its official social media account. We’ve successfully deployed the new version of our smart contracts and migrated ~300 contracts across 24 blockchains—without any downtime for users. 🎉 More routes and enhanced functionality for everyone!Rango now supports all 7 message-passing systems:🔗 GMP by @axelar🔗… pic.twitter.com/JvpBvk8WNq — Rango (💙, 🔄) (@RangoExchange) January 5, 2025 Rango Exchange Effectively Deploys Upgraded…
Yes, you read the title correctly, and it does appears contradictory. As bitcoin (BTC) nears the $100,000 milestone – a clear sign of strength – the reality is that its actually quite vulnerable to potential negative news. That’s according to the “order book skew ratio,” which shows that buyers have surprisingly pulled back their firepower as prices near six digits. The ratio measures the number of people wanting to sell, or the ask side, relative to those on the buy or the bid side. The three-day moving average of the 1% skew, which measures the ask-bid imbalance within 1% of…
Ethereum’s price has pushed higher since the low on December 20th, but so far, the rally looks more like a corrective move. Currently, the price action doesn’t seem impulsive enough to confirm a strong upward trend, but this could change as the market develops. There are two main scenarios to consider moving forward. Scenario 1: Corrective Rally (B-Wave Correction) The first scenario involves a broader B-wave correction. The downward movement from December 6th to December 20th is seen as an ABC structure (Wave A), and the current move upwards could be part of Wave B, forming either as an ABC…
Vendors of exchange-traded funds are crafting lucrative deals to appeal to investors and drive them closer to the cryptocurrency craze. With several ETFs lined up for launch in 2025, each firm is trying to put its best foot forward to appear on top of the chain. In submissions made to the US Securities and Exchange Commission towards the end of 2024, very lucrative offers would excite investors. One of the unique proposals was an ETF from ProShares that would denote the S&P 500’s return in Bitcoin. Besides, funds managed by Strive Asset Management and REX Shares will enable convertible bonds…