Author: NBTC
Justin Sun deposited 29,920 ETH worth $119.7M into HTX after Ethereum hit $4,000. His total ETH investment of 392,474 ETH has generated $366M in profits. Justin Sun, the founder of Tron, deposited 29,920 ETH worth $119.7 million into HTX just nine hours ago, coinciding with Ethereum’s price surpassing the $4,000 threshold. This substantial transaction is part of a broader investment strategy where Sun accumulated 392,474 ETH between February and August of this year. The average purchase price for this ETH was $3,027 per unit, totaling an investment of approximately $1.19 billion. Currently, Sun’s estimated profit from this massive Ethereum investment…
Edo Farina, CEO of Alpha Lions Academy, recently sparked conversation in the XRP community by asking enthusiasts how they would spend a gift of 1,000 XRP. Farina specifically sought opinions on what individuals would do with 1,000 units of XRP if he were to send it to them for free. The inquiry garnered significant attention, with many offering their suggestions. Kernow Maiden, an innovator in the XRP Ledger, mentioned that she would commit the 1,000 XRP to her children’s funds. Likewise, many commenters highlighted their intention to secure it in cold storage for long-term holding. However, commenters who are pessimistic…
Binance, the world’s largest cryptocurrency exchange, announced the proof-of-reserve system to regain the decreasing trust in Bitcoin exchanges after the sudden bankruptcy of FTX. In this context, Binance, which publishes reserve reports at regular intervals, has published the 25th Report (snapshot date December 1) of its reserves. Apart from Bitcoin (BTC), the report includes USDT, Ethereum (ETH), BNB, Solana (SOL), FDUSD, XRP, USDC, TUSD, Dogecoin (DOGE), Polygon (MATIC), Polkadot (DOT), Chainlink (LINK), SHIB, Arbitrum (ARB), Litecoin (LTC), Optimisim (OP), Chilliz (CHZ), UNI, Aptos (APT), GRT, SSV, CHR, ENJ, 1INCH, CRV, WRX, MASK, HFT, BUSD and CVP and BOME, Pepecoin (PEPE)…
Dimo, a platform for developers to build apps and enable car drivers to monetize their data, is migrating between Ethereum scaling networks, the developers exclusively told Decrypt—from Polygon to Coinbase’s Base. Co-founder Rob Solomon believes the move opens doors for valuable partnerships ahead. The project is a “global API layer for cars” that is aiming to make every car on earth smart and programmable. This could manifest, the company says, in a future full of AI car mechanics and smart parking garages, as well as users making money when their data is sold. Up until this point, Dimo has been…
Crypto analyst Rekt Capital maintains that Bitcoin will not close in the red in October, citing its historical performance. The month of October has shockingly come with surprises as regards price expectations from the largest cryptocurrency by market cap. Bitcoin is currently on a 3.78% price deficit from its closing price in September. Bitcoin proponents were further stunned when the premier crypto asset dropped to a 3-week price low on Thursday. For context, Bitcoin fell to $58,900 yesterday, a price it last saw in mid-September. Amid the swelling doubts among market participants regarding October’s outturn, crypto analyst Rekt Capital has…
Several Ethereum (ETH) on-chain metrics suggest a potential short-term price correction after the cryptocurrency’s 35% rally over the past 30 days. ETH recently touched the $4,000 mark, prompting concerns that it was overbought. As the price reaches this key resistance level, the metrics suggest that selling pressure may intensify, potentially leading to a pullback before any further upward movement. Ethereum Flashes Bearish Signs One of the top Ethereum on-chain metrics suggesting this decline is the price-Daily Active Addresses (DAA) divergence. Simply put, the price DAA divergence shows whether a cryptocurrency’s value is increasing alongside user engagement or not. When the…
Injective hit a new monthly ATH in 24-hour trading volume, reaching $82.3 million and 3.5 million transactions. NTT Digital joins Injective as a blockchain validator, expanding its influence in Web3 and blockchain adoption. The injective ecosystem has seen amazing expansion and activity in the last 24 hours, attesting to numerous important benchmarks. Setting a new monthly record with the all-time high (ATH) 24-hour trading volume of $82.3 million, one of the most significant successes is the amazing 3.5 million transactions handled during this period, which further confirms the increased interest and involvement inside the ecosystem, which reflects this increase in…
Upbit, one of the most trusted global cryptocurrency exchanges, has announced the listing of Magic Eden (ME) for trading on the KRW, BTC, and USDT markets. Upbit Will Support Magic Eden (ME) Trading in KRW, BTC, and USDT Markets Details of the Listing Magic Eden (ME) is a token associated with the Magic Eden platform, a well-known multi-chain NFT marketplace. The token will be used for governance, staking, and user rewards within the platform’s ecosystem. ME will initially be available only for deposits via the Solana network. Users must approve the network before initiating deposits or withdrawals. Liquidity Preparation: Trading…
The Solana ecosystem has disclosed a groundbreaking advancement of Sonic SVM, the first TikTok-integrated Web3 chain. Sonic SVM has over 2 million wallets and a staggering 3 billion on-chain transactions. This paves the way for the next generation of blockchain gaming and decentralized applications. 1/7 🚀 The Solana ecosystem is buzzing with innovation! Sonic SVM @SonicSVM, the first TikTok chain, is bringing Web3 gaming and applications to billions. With over 2M wallets and 3B+ on-chain transactions, Sonic is a game-changer. 📷 #Solana #Web3Gaming — Mask Network (mask.io) (@realMaskNetwork) December 9, 2024 HyperGrid, Sonic SVM’s modular multi-SVM framework is at the…
Michael Saylor, co-founder and executive chairman of MicroStrategy, has taken to his account of the X social media network to issue a regular Bitcoin-themed tweet with an image. This time, however, the topic of his tweet is not only BTC. The message and the image seem to be a reaction to the recent presentation of Tesla’s Robotaxi/Cybercab made by its CEO Elon Musk on October 10. This event was called “We, Robot…” referring to a movie starring Will Smith based on Isaac Asimov’s sci-fi stories. Future vehicles and Bitcoin Saylor published a tweet, which goes as follows: “The vehicles of…