Author: NBTC
According to analysts, the options market has trended upward in the largest tranche of Ethereum options open interest by expiration date, with contracts expiring at the end of April. According to data from Deribit, approximately $3.3 billion in nominal ETH options will expire, with roughly two-thirds of that amount put into calls, indicating a bullish bias for the price. Jake Ostrovskis, a trader at Wintermute OTC, noted that call options are clustered between $3,700 and $4,000, indicating an uptrend in the market and underlying bullish sentiment. He added that current open interest skewness meant calls were trading at a premium…
Binance, a well-known centralized crypto exchange, has recently witnessed a significant development in terms of outflows. PEPE, a famous meme coin named PEPE has reportedly experienced an enormous outflow of up to 1.19 trillion tokens (equaling nearly $1.88 million). The latest reports have brought to the front that a trader is behind the respective outflow. 1 Trillion PEPE Tokens Leave Binance after the Trader Makes $8.13 Profit Some market onlookers have attempted to highlight the things related to the respective event. In this respect, Lookonchain (a popular on-chain statistics provider) took to its official channel on the social media platform…
Space Nation Online, an Ethereum-based sci-fi MMORPG built on the Immutable zkEVM scaling network, has announced a 10-week airdrop rewards event while the game is in closed beta. On Monday, players who held certain NFTs became eligible to receive “OIK shards” (effectively airdrop points) for Space Nation Online. Each day at 9:05 UTC, a snapshot of NFT holders will be taken and those players will receive their OIK shards, which can be converted to OIK tokens at a 10:1 ratio. OIK is the primary token for the wider Space Nation franchise. Space Nation was founded in 2019 by gaming industry…
Bybit, the third-largest cryptocurrency exchange renowned for its trading volume, has just launched a new campaign called the EUR Zero Fees Fiesta. Introduced on April 8, 2024, the initiative invites users from aroBybit offers zero-fee deposits and trading with EUR Zero Fees Fiestaund the world to leverage the potential of the Euro (EUR) within the cryptocurrency market and enjoy zero fees and exclusive rewards. EUR in Crypto As the Euro gains substantial momentum within the cryptocurrency sphere, Bybit is offering a prime opportunity for global users to delve into its possibilities. Running from April 8, 2024, 12:00 AM UTC, to…
The thematic ETF company recently filed for a new ETF that seeks to double inverse MicroStrategy performance. Defiance ETFs, a US exchange-traded fund (ETF) sponsor and registered investment advisor, has filed an application with the US Securities and Exchange Commission (SEC) to launch a 2x leveraged Ethereum futures ETF. According to Bloomberg ETF analyst James Seyffart, if approved, the ETF could start trading as early as the end of June under the ticker “ETHL.” Defiance ETFs just filed for a 2x leveraged #ethereum futures ETF. Will potentially trade under the ticker $ETHL pic.twitter.com/9Z6M6tcQ3V — James Seyffart (@JSeyff) April 8, 2024…
Shiba Inu has secured a spot on Forbes’ top 10 digital assets for investment in this bull run. Shiba Inu Identified as Worthy Investment by Forbes Renowned billionaire magazine Forbes has recently released its list of the top 10 cryptocurrencies worthy of investment in March 2024. The list ranked the digital assets based on their crypto market valuation, with Bitcoin and Ethereum taking the lead. Interestingly, Shiba Inu made it to the list as Forbes’ advisors see the asset as investment-worthy despite its meme-inspired origin. Forbes’ advisors highlighted Shiba Inu wielded a market cap of $24.4 billion as of March…
Barcelona — Elixir Games, the dynamic Web3 gaming platform backed by industry giant Square Enix and boasting over 1 million users on the Elixir Launcher, has just unveiled its most ambitious event to date: the Season Pass Airdrop, featuring over $1 million in prizes. —Set to kick off from April 19th to June 3rd, with a pre-season launch on April 12th, this gaming extravaganza is poised to redefine the gaming landscape for enthusiasts globally.During the pre-season launch, players will have an exclusive chance to secure whitelisting for the Elixir Flask Freemint, a collection of coveted NFTs. The Season Pass promises…
Ethereum price is gaining pace above the $3,600 resistance zone. ETH could extend its upward move if it clears the $3,725 resistance zone. Ethereum is aiming for more gains above the $3,725 and $3,740 levels. The price is trading above $3,650 and the 100-hourly Simple Moving Average. There is a connecting bullish trend line forming with support at $3,480 on the hourly chart of ETH/USD (data feed via Kraken). The pair could extend its rally if there is a close above the $3,725 resistance zone. Ethereum Price Jumps Over 8% Ethereum price formed a base and started a decent increase…
Dogwifhat community members are raising $650,000 to put the meme on the Vegas Sphere. Such behavior may mark a local top, some say, but the donation address has met less than 50% of its goal more than 24 hours since going live. A recent run-up in meme coins is leading some communities to do things that usually signify frothy market behavior – depending on whom you ask. Followers and community members of the runaway Solana hit Dogwifhat (WIF) are publicly raising funds to display the meme picture of a dog wearing a pink beanie cap on the Las Vegas Sphere.…
An analyst who correctly called Bitcoin’s 2022 market bottom is warning that the BTC correction is likely not yet over. Pseudonymous analyst DonAlt tells his 529,900 followers on the social media platform X that he thinks BTC bears are in full control of the market as long as Bitcoin is trading below a key level. “Above red box ($71,000-$73,000) giga bull continues. Above red line ($68,500) is a bit of a toss-up. Below the red line assuming down. Now that the daily [candle] closed, there is technically a short setup on the monthly, weekly, and the daily timeframe. Bears got…