Author: NBTC

Bitcoin and Ethereum options worth early $2.6 billion in notional value expired today amid a broader market pullback. According to Greeks.live, 25,000 BTC options expired, showcasing a Put Call Ratio of 0.56. The ratio indicates a higher interest in call options than puts, suggesting optimism among a segment of investors. The Max Pain point stood at $67,000 with a notional value of $1.7 billion. Similarly, 250,000 ETH options expired, with a Put Call Ratio of 0.51 and a Maxpain point of $3,500, amounting to a notional value of $890 million. The Max Pain point represents the strike price at which…

Decentralized exchange (DEX) MerlinSwap raised $480 million in its Initial DEX Offering (IDO) from over 52,000 participants, according to an April 5 announcement. This significant fundraising comes as MerlinSwap establishes itself as the top DEX in the Bitcoin ecosystem with more than $100 million in Total Value Locked (TVL) and $70 million in transaction volume. MerlinSwap utilizes a new automated market maker (AMM) model, backed by Merlin Chain and iZUMi Finance’s technical support, and the team behind the protocol says it offers more secure and efficient trading. Moreover, MerlinSwap introduces the DEX-as-a-Service function to Bitcoin decentralized finance (DeFi) ecosystem, in…

The smart contract blockchain Cardano ($ADA) has seen a significant rise in user activity over the last 30 days, with the number of active wallet addresses reaching a one-year peak of over 600,000 after surging nearly 40% over that same period. According to data from Cardano-based decentralized exchange Danogo, the number of active wallet addresses on the network hit a lot of 297,000 back in September 2023, when the price of ADA was trading at $0.24 before a wider cryptocurrency market rally kicked off earlier this year with the approval of spot Bitcoin exchange-traded fund (ETFs) in the United States.…

Bitcoin’s current behavior mirrors its path in a previous halving cycle. What can we expect from the next halving? Following the U.S. SEC’s approval of spot ETFs on Jan. 11, Bitcoin (BTC)began a bullish streak, soaring to impressive heights. Bitcoin hit a new all-time high of $73,750 on Mar. 14. However, this peak was short-lived as Bitcoin experienced a correction, dropping to levels around $60,000 to $61,000 on Mar. 20. Amid bullish sentiments, Bitcoin recovered from this dip. As of Mar. 22, it trades at around $63,000. According to a report by Coinbase, Bitcoin’s current path mirrors its behavior in…

Quick Take As the Bitcoin halving nears, now just under 4,300 blocks away and slated for April 20, the network has experienced a notable surge in hash rate, registering a 15% increase in 2024. The 14-day moving average hash rate is approaching record levels, currently peaking at approximately 598 eh/s. This upswing in hash rate suggests that miners are ramping up their operations to optimize earnings before the halving event, a sentiment echoed by Mike Alfred, a board member at IREN Energy. Alfred predicts a notable post-halving correction in the global hash rate, attributing this to the widespread use of…

Lloyds Bank, Nationwide Building Society, NatWest Group, and property portal Rightmove collectively invested £10m (about $12.6m) in Coadjute, a blockchain firm focused on property transactions, according to a press release Tuesday. Leveraging the R3 Corda enterprise blockchain platform, Coadjute facilitates a real-time network dedicated to the property market. This infrastructure connects various stakeholders, including buyers, sellers, and property professionals. It offers a comprehensive suite of functionalities, enabling the consolidation of property data, progress tracking, secure exchange of digital identities and documents, facilitated messaging, and electronic form signing. Coadjute’s implementation of blockchain ensures a secure environment for property transactions. By employing…

Dash announces a strategic partnership with ivendPay, a leader in cryptocurrency merchant services. This collaboration introduces an innovative solution for vending machines that accept cryptocurrency payments, highlighting Dash’s instant transaction capabilities. “Accept payments settled in a flash,” emphasizes the commitment to seamless, instant crypto transactions. Discover the future of vending machines with Dash and ivendPay’s partnership, enabling instant crypto transactions for merchants globally. Revolutionizing Retail with Crypto Payments The partnership between Dash and ivendPay marks a significant milestone in the adoption of cryptocurrencies in the retail sector. By integrating Dash’s instant payment feature, ivendPay’s vending solutions offer an unprecedented level…

Michael Saylor, Bitcoin bull and chairman of MicroStrategy, has once again captured the attention of the cryptocurrency community with his recent comment on X. Bitcoin, the largest cryptocurrency by market capitalization, has experienced significant volatility after reaching an all-time high of $73,797.68 last week. The lead crypto has since fallen nearly 13% from its all-time high as the appetite for fledgling spot Bitcoin exchange-traded funds cools off. JPMorgan Chase and Co. strategists have warned that the retreat has room to run. Against this backdrop, Saylor made a comment on X regarding volatility. “Volatility is vitality,” Saylor wrote on X in…

The latest updates from CoinGecko unveiled the significant growth of centralized exchange (CEX) tokens and Solana-based tokens. As per the data, the CEX tokens’ market cap currently stands at $118 billion, up by more than 12% in the past 24 hours. In addition, the Solana project tokens boast a total market cap of $217 billion, marking a modest 24-hour hike of 4.4%. Colin Wu, a Chinese reporter, shared insights on the astounding performance of CEX tokens and Solana tokens via his Wu Blockchain page. CEX platform tokens and Solana project tokens saw general gains. BNB once exceeded $630, with a…

Analysts have notably increased their price target for Bitcoin (BTC), citing a surge in technological innovations as a pivotal catalyst. As Bitcoin establishes new benchmarks, the financial ecosystem attentively observes the transformative impact of Layer 2 (L2) solutions on the cryptocurrency’s scalability, security, and decentralization. Tech Advancements Will Push Bitcoin Price Muneeb Ali, the CEO of Trust Machines, has played a crucial role in advocating for Bitcoin’s L2 technologies. He is confident that Bitcoin’s scalability challenges are on the cusp of a revolutionary breakthrough thanks to these L2 solutions. This development aims to enhance Bitcoin’s transactional efficiency. It also represents…