Author: NBTC
Chainlink prices have exploded by over 36% to an almost two-year high, topping $26 during late trading on Dec. 2. LINK has more than doubled in price over the past month, climbing from below $11 in early November to today’s peak, which is the highest it has been since January 2022. Most of those gains have come in the past few hours. The asset had cooled a little to trade at just over $24 during the Tuesday morning Asian session, according to Coingecko. Chainlink Partners With 21X The pair announced a partnership between Chainlink and 21X, a Frankfurt-based fintech, to…
According to data from X on-chain data analytics platform, Lookonchain, the total stablecoins inflows on Ethereum and Solana over the past seven days have increased significantly. Lookonchain revealed that Ethereum received about $1.1 billion in inflows, while Solana received about $202 million, mostly from USDC and USDT. Ethereum network’s stablecoin netflows this week increased from last week’s outflows of over $63 million to the current $1.1 billion inflows. However, Solana’s inflows over the past seven days are still over $200 million lower than what it experienced the week before. Lookonchain data revealed that Solana recorded over $424 million in USDC…
As of Nov. 25, 2024, the price of bitcoin (BTC) has traded between $97,076 and $97,547 within the past hour, displaying a strong bullish trajectory across multiple timeframes. Technical indicators suggest a mixture of neutral momentum and buy signals, highlighting the potential for further growth while signaling areas of caution. Bitcoin Bitcoin‘s 1-hour chart reflects a recovery from a local low near $95,796, followed by a steady climb. However, momentum appears to be waning as the price approaches $98,966, a key resistance level. Trading volume, which spiked during sharp moves, has diminished near the highs, hinting at either resistance or…
Ethereum price has risen for three consecutive weeks, helped by the ongoing recovery of cryptocurrencies. ETH, the second-biggest cryptocurrency, rose to $3,670 on Tuesday, as technicals and fundamentals pointed to more gains in the current quarter. So, how high can ETH get this year? Polymarket users are bullish on Ethereum price There are rising odds that the ETH price will continue doing well this year. A Polymarket poll with over $2 million shows that the odds of ETH reaching $4,500 on March 31 are at 55%. If that happens, it means that the ETH price will rise by over 23%…
Bitcoin (BTC), the leading cryptocurrency by market value, surged 121% last year to cross the six-figure mark, outshining traditional assets. However, this performance falls short in comparison to Pythagoras Investment Management’s Alpha Long Biased Strategy, which pushed the envelope even further. The fund, which combines a BTC base position with two uncorrelated strategies, achieved an impressive return of 204% in 2024, Pythagoras said in an email to CoinDesk. That equates to a 3x gain, significantly outpacing the 2x return a typical buy-and-hold bitcoin investor would have realized. The fund charges incentive fee only when it beats bitcoin’s performance. The fund’s…
The XRP Ledger (XRPL) account and object reserve fees drop by a whopping 90%, potentially paving the way for greater network participation. Prominent XRP community figure Vet called the public’s attention to the development today, noting that XRPL’s account reserve is now 1 XRP ($2.73). This represents a significant reduction of 90% from the previous fee of 10 XRP ($27.3). XRPL Labs Founder and XRP Proponents Advocate for Reserve Fee Reduction It is worth mentioning that the fee was previously set at 10 XRP to prevent the creation of spam and inactive accounts on XRPL. While the move protected the…
Hyperliquid, a layer 1 blockchain and decentralized exchange, has integrated Router Protocol’s Nitro bridge to enable direct deposits from more than 30 EVM and non-EVM chains, including Ethereum, Solana, Sui, Tron, and Base. The integration eliminates a previous two-step process that required traders to bridge funds through Arbitrum before accessing Hyperliquid. Users can now deposit assets directly through a single interface. The platform has seen substantial growth in the past six months, attracting over $1 billion in net stablecoin inflows and reaching $3 billion in total value locked. Its deposit bridge currently holds more than $2 billion in stablecoins, according…
Semler Scientific expanded its Bitcoin treasury with nearly a $30 million purchase, while reporting a 58.4% BTC yield since adopting its crypto strategy. Healthcare tech company Semler Scientific boosted its Bitcoin (BTC) holdings, acquiring 297 BTC for $29.1 million between Nov. 18 and Nov. 22 at an average price of $97,995 per BTC, according to a Nov. 25 press release. As a result of the company’s latest transactions, its total crypto holdings now stand at 1,570 BTC, acquired at an aggregate cost of $117.8 million and an average purchase price of $75,039 per BTC, the press release reads. The healthcare…
Leading altcoin Ethereum (ETH) has seen a remarkable spike in the past week. Its value has climbed nearly double digits and currently trades at $3,672. However, hopes of a sustained rally towards the $4,000 mark may face headwinds as a significant increase in sell orders has been observed in the coin’s futures market. Ethereum Sellers Dictate Price Trends CryptoQuant’s data shows a surge in sell orders in the ETH futures market, with its taker buy-sell ratio remaining below one since January 4. Currently, the ratio stands at 0.84. This metric tracks the proportion of buy orders to sell orders in…
Ripple says the UAE is spearheading global crypto adoption, with innovative regulations and stablecoin growth positioning the region as a hub for digital assets in 2025. Ripple Champions UAE’s Crypto Dominance – Digital Assets Set to Explode Ripple’s Middle East and Africa Managing Director, Reece Merrick, has highlighted the company’s ongoing commitment to fostering the digital asset ecosystem across the region, while also laying out Ripple’s vision for 2025. In a post on social media platform X last week, Merrick stated: Ripple remains committed to advancing the digital asset ecosystem across the Middle East and Africa. His message focused on…