Author: NBTC
One trader made an amazing trade and earned $2.7 million in three days work trading a memecoin called $MAGA. This incredible altcoin profit equates to a return on investment (ROI) of 505%, according to Lookonchain data. In just 3 days, this trader made $2.7M by trading $MAGA, with an ROI of 505%!He spent $537.5K to buy 6B $MAGA on May 24 and May 25, then sold 1.5B $MAGA for 744K $USDT to take profits 10 minutes ago.He currently holds 4.5B $MAGA, worth $2.51M.https://t.co/KaRYLuELKN pic.twitter.com/Pgd5hKVpc5 — Lookonchain (@lookonchain) May 27, 2024 $MAGA Altcoin Trader Sells $744K, Retains 4.5B Tokens Worth $2.51M…
With key members of his own party reviving a push to keep President Joe Biden out of the 2024 election, attention has now shifted to the handful of prominent Democrats who might take his place atop the ticket. As the prospect of that major shift looms, many in crypto are asking: How might these replacements govern when it comes to crypto? Multiple prominent crypto policy makers recently told Decrypt that any Biden replacement would mark a welcome change, as the crypto regulatory landscape could hardly get any more hostile than it’s been under the Biden Administration. That said, there are…
According to breaking information, Binance has received court approval to invest customer fiat funds in US Treasury Bills. In a significant development, Binance, the world’s largest cryptocurrency exchange, has received court approval to invest customer funds in US Treasury Securities. SEC v. The order, approved by the Judge overseeing the Binance case, stipulates that investments can only be made in “certain” funds, specifically those currently stored on BitGo. This news comes on the heels of the Securities and Exchange Commission (SEC) ending its investigation into Paxos Trust regarding Binance USD (BUSD), a digital asset issued and listed by Paxos. The…
AltLayer, a decentralized protocol assisting blockchain developers to release and improve rollups, has announced an exclusive partnership. As per the platform, it is joining forces with LogX, a leading decentralized perpetual exchange that deploys AI-driven strategies, to offer it exclusive Rollup-as-a-Service solutions. The firm recently disclosed this collaboration on its official X account. AltLayer 🤝 @LogX_tradeAltLayer is thrilled to power the LogX Network with our RaaS solutions, making it the first Modular Derivatives Trading Layer built for Infinite Scalability ⚡️LogX is built on the @arbitrum Orbit stack, with DA support from @eigen_da 🔥 pic.twitter.com/NXhW6SFZLg — AltLayer (@alt_layer) July 19, 2024…
The leading cryptocurrency, Bitcoin, fell below $54,000 on Friday due to the selling pressure it experienced following the transfers made within the scope of the German government and Mt.Gox refunds. While BTC fell to levels last seen in February, it recovered today and rose above $57,000. Analysts say this recovery is due to investors’ Mt. Gox’s $8 billion BTC refund shows that the US and German governments are starting to overcome the pressure from BTC sales, he said. Additionally, analysts said that net inflows in spot Bitcoin ETFs also supported the recovery. Biggest Net Inflow in Spot Bitcoin ETFs in…
Chainlink, a leading decentralized oracle network, has achieved another milestone in its platform adoption. The network has recently secured 12 integrations across nine different platforms, underscoring its diverse use cases within the blockchain industry. ⬡ Chainlink Adoption Update ⬡There were 12 integrations of 6 #Chainlink services across 9 different chains: @arbitrum, @base, @ethereum, @LineaBuild, @MetisL2, @Optimism, @0xPolygon, @Scroll_ZKP, and @zksync.New integrations include @DistribGallery, @EnoToken,… pic.twitter.com/xXj0Y89txC — Chainlink (@chainlink) May 26, 2024 These integrations leverage six key Chainlink services, including Chainlink CCIP (Cross-Chain Interoperability Protocol), Mainnet Integration, and Price Feeds. Other offerings include Chainlink Low-Latency Data Streams, VRF (Verifiable Random Function),…
During a recent interview with Bloomberg, Ripple CEO Brad Garlinghouse said that he expected his company’s legal battle with the SEC to end “very soon.” However, Garlinghouse refused to speak about Ripple’s rumored settlement talks with the agency. He also stated that he could not predict when exactly the lawsuit would be over. Earlier this week, the Ripple-affiliated XRP token experienced a substantial price rally due to settlement rumors. However, it then retraced its gains after a private meeting between Ripple and the agency allegedly got called off. A little over a year ago, Judge Analisa Torres ruled that the…
No, contrary to conventional markets like stock or forex markets, the crypto market never closes. Cryptocurrencies are traded on various exchanges worldwide, and their decentralized nature means they are not tied to any specific country’s time zone or financial intermediaries. This global reach and lack of central authority set the crypto market apart from traditional financial markets. The cryptocurrency market is a decentralized digital marketplace where traders can buy, sell, and exchange cryptocurrencies like Bitcoin, Ethereum, and many others. Unlike traditional stock exchanges, which have set operating hours and close during weekends and holidays, the crypto market operates quite differently.…
Today, BounceBit announced a partnership with Doubler. This partnership is based on BounceBit’s vision to increase the use cases of restaking. BounceBit and Doubler took to their X accounts to announce this new collaboration. Doubler is partnering up with @bounce_bit to bring yield strategies to BTC asset and BTC ecosystems.BounceBit is a BTC restaking chain with an innovative CeDefi framework. Through a CeFi + DeFi framework, BounceBit empowers BTC holders to earn yield across multiple sources.… pic.twitter.com/sXKgFdNoYG — Doubler (@doubler_pro) July 19, 2024 Doubler is a new financial tool. It utilizes open smart contracts to maximize returns on crypto investments.…
A significant factor affecting the price of Bitcoin deals with the moves of the governments holding the majority of BTC tokens. In this respect, Arkham (a famous blockchain analysis forum that leverages AI technology to deanonymize the on-chain and blockchain data) has issued a dashboard that includes top Bitcoin-holding governments. The analytics platform took to the social media forum X to provide the details in this respect. Top Governments DashboardOur team created a dashboard showing the largest tagged Governments on Arkham – including the US, UK, Germany and El Salvador.For each country, you can see their current BTC holdings, graph…