Author: NBTC
Prominent USDT stablecoin issuer Tether has continued to mint staggering billion-dollar sums recently, sparking more bullish enthusiasm in the crypto space. On Saturday, Whale Alert disclosed that 1,000,000,000 USDT had been minted at Tether Treasury. Within three minutes of the update, Whale Alert proclaimed another $1 billion USDT minting from Tether. 💵 💵 💵 💵 💵 💵 💵 💵 💵 💵 1,000,000,000 #USDT (999,020,000 USD) minted at Tether Treasuryhttps://t.co/sGbgwYu7E4 — Whale Alert (@whale_alert) March 9, 2024 Cumulatively, $2 billion has been injected into the crypto market within 24 hours. The development has sparked significant interest from community members, as both…
Crypto.com is now fully operational in the UAE after receiving the final approval from Dubai’s virtual asset regulatory authority VARA. In its press release Crypto.com, announced that its Dubai entity, CRO DAX Middle East FZE, has received full operational approval from Dubai’s Virtual Assets Regulatory Authority (VARA) and is launching the Crypto.com Exchange for institutional investors as its first operational milestone. This comes after OKX also received its license from VARA making it the first global crypto exchange to receive a full active license. Crypto.com will be able to serve institutional clients and qualified retail investors. With this full operational…
BTC fell over 8% on Tuesday, its biggest single-day (UTC) percentage slide since November 2022. ETF outflows likely catalyzed the drop. Bitcoin’s (BTC) price correction gathered pace Tuesday as the U.S.-listed spot exchange-traded funds (ETFs) fell out of favor. The leading cryptocurrency by market value fell over 8% to under $62,000, data from charting platform TradingView show. That’s the biggest single-day percentage (UTC) decline since Nov. 9, 2022. That day, prices tanked over 14% as Sam Bankman Fried’s FTX exchange, formerly the third largest, went bankrupt. The daily performance mentioned here represents the percentage gain or loss in a day,…
Mode Network, the well-known L2 platform operating on the Ethereum blockchain, has announced the release of Mode Yield Accelerator. As per the latest announcement of the company, the design of the respective project focuses on the additional development of the local projects under the ecosystem. In this respect, the firm is giving considerable attention to the DeFi primitives. Introducing Mode Yield Accelerator 🟡Excited to unveil the Mode Yield Accelerator to fuel growth for Yield & DeFi projects in the Mode ecosystem.Plus, there’s a $10M early-stage fund through our angel network for standout innovations.Dive in 👇https://t.co/6XAVOF61dl pic.twitter.com/pYqjp3hACA — Mode 🟡 (@modenetwork)…
Coinbase launched Wrapped Staked ETH (cbETH), which aims to improve the management of Ethereum (ETH) assets and grant users unprecedented control over their holdings. cbETH’s use case means investors can buy, sell, or hold the token. Per Coinbase Help, users can wrap their staked ETH into cbETH without fees, offering a cost-efficient solution for asset management. However, standard fees apply to transactions or sales involving cbETH. According to its whitepaper, the conversion rate between ETH and cbETH determines the number of cbETH units obtained during the wrapping process. This rate isn’t fixed; it is driven by rewards earned on the…
After a week in which Bitcoin broke a new record in the cryptocurrency market and reached its all-time high above $70,000, interestingly, we are entering a week in which large amounts of lock openings will occur in many altcoins. It is also noteworthy that many of these altcoins are among the largest cryptocurrencies. Here is the token unlock calendar that we, as Bitcoinsistemi.com, have prepared specially for you. (All times are stated in UTC+3 Türkiye time) Internet Computer (ICP) Market Value: $6.50 billion Token Unlock Amount: $46.58 million (0.72% of market cap) Date: 11 March 2024, 03:00 Near (NEAR) Market…
Binance Futures is preparing to launch two new perpetual contracts to diversify trading options and enrich the user experience. Binance Futures Introduces USDC Collateralized LTC and NEAR Perpetual Contracts with Up to 75x Leverage These contracts will provide investors with greater flexibility and potential profit opportunities by offering leverages of up to 75x and 50x respectively. The LTCUSDC Perpetual Contract is scheduled to go live at 10:00 on April 11, 2024, and the NEARUSDC Perpetual Contract is scheduled to go live at 10:15 on the same day. With these additions, Binance Futures aims to meet the evolving needs of its…
The price of Bitcoin (BTC) collapsed to just $61,231 earlier today, according to CoinGecko data. The flagship cryptocurrency is down 17% from its all-time high. Yet, despite the severe price drop, the Bitcoin market sentiment remains in the greed territory. More than $505 million worth of long positions have been liquidated over the past 24 hours. Underwhelming ETF numbers The most recent drop coincided with Bitcoin exchange-traded funds (ETFs) posting their biggest outflows to date. On Tuesday, a whopping $326.2 million flowed out of these products. Grayscale’s GBTC appears to be the main bearish headwind with a staggering $443 million…
Pyth eyes cost savings in DeFi with new liquidation tool. In an interview with Crypto Briefing, Marc Tillement, Director at Pyth Data Association, shared insights into the role of Pyth Network within the decentralized finance (DeFi) space, its innovative approach to oracle services, and bold predictions for the crypto and DeFi sectors. Pyth’s journey and strategy Addressing VanEck’s report which speculated that Pyth could surpass Chainlink in total value secured, Tillement acknowledged Chainlink’s head start and its solid footing within DeFi. He pointed out that Chainlink’s success was bolstered by its integration with early DeFi protocols such as Aave and…
Ethereum’s value surged alongside Bitcoin’s rise past $70,000, reflecting positive market sentiment. Despite experiencing a correction after trading within a narrow range, Ethereum’s price hints at bullish momentum. If Ethereum maintains support above $3,472.75, it could test resistance levels at $3,666.11 and $3,881, while a trend reversal may lead to testing support at $3,274. Ethereum recently gained value as Bitcoin surged past the $70,000 level. This surge in Ethereum’s price comes as the highly anticipated Bitcoin Halving event draws closer, with the consolidated market sentiment suggesting a rise in the number of Hodlers, highlighting a positive outlook for the crypto…