Author: NBTC

Veteran trader Peter Brandt recently highlighted an intriguing pattern that is now building on the Bitcoin chart, prompting interest and discussion among traders and investors. Brandt tweeted a screenshot of the four-hour Bitcoin price chart, indicating an ascending trendline and what appears to be a head-and-shoulders pattern gradually emerging. Bitcoin $BTC pic.twitter.com/uUsqb8I5PR — Peter Brandt (@PeterLBrandt) March 22, 2024 Brandt’s post caught the attention of an X user, who inquired whether it was a “head and shoulders” formation, to which Brandt replied, “Starting to shape up that way.” The head and shoulders pattern is a well-known technical indicator that predicts…

With a number of technical novelties, Soil (SOIL) decentralized credit protocol is ready to introduce DeFi 2.0 tooling to the segment of real-world assets (RWAs). Decentralized credit platform Soil amassed $2 million in TVL Soil, a new-gen decentralized credit protocol with a focus on RWAs, shared the details of its latest accomplishment. Since its public launch on Jan. 11, 2024, it managed to reach $2 million in liquidity injected. $Soil is bridging the gap between traditional finance & #DeFi through #RWA 👀We bring corporate debt & fixed income markets to crypto to offer a safer and higher (up to 14%)…

The open-source, decentralized platform Celo Foundation has announced another collaboration. As per the company, it is partnering with Rarible (an aggregated NFT platform) to release the NFT marketplace named Celosphere that would focus on art. The platform shared an exclusive blog post to disclose the details of the latest project. Celo Foundation and Rarible’s Join NFT Marketplace Facilitates Creators Celo noted that RaribleX will assist it in powering the new marketplace. It added that the respective NFT platform follows the mission of the community to provide prosperity to all. Celosphere, a mobile-first Ethereum L2 blockchain network facilitates the creators. It…

While the SEC sought to qualify Ethereum as a security, JP Morgan analysts argued that Lido’s declining market share could protect Ethereum from being classified as a security. According to The Block, JP Morgan analysts also noted that in addition to the declining market share of the largest liquid staking protocol Lido, Ethereum’s latest Dencun update is another positive development for the ETH network and ecosystem. JP Morgan analysts led by Nikolaos Panigirtzoglou stated the following in the report: “Lido’s share of Ethereum has fallen from about a third a year ago to about a quarter now. “This should reduce…

Coinbase price target hiked to $276 from $200. Digital asset adoption continued after the approval of spot bitcoin ETFs, the report said. Risks include the exchange’s ongoing lawsuit with the SEC, Oppenheimer said. Coinbase (COIN) is well positioned to benefit from the long-term adoption of blockchain technology, broker Oppenheimer said in a research report on Wednesday raising its earning estimates for the crypto exchange. “We estimate that COIN’s 1Q24 trading volume would be up 95% quarter-on-quarter and 107% year-on-year to $300B,” analysts Owen Lau and Guru Sidaarth wrote, noting that the “adoption of digital assets continued after the approval of…

ONI, the utility token of Anonify, has experienced a dramatic decline, dropping over 90% in the past few weeks, contrasting sharply with the cryptocurrency markets, which have seen a notable increase in prices recently, with Bitcoin reaching new highs. The token, which saw a surge in demand following its launch on Feb. 20, achieved an all-time high of $1.18 on Feb. 28, only to fall to $0.01974 by March 13. This sharp decline has sparked discussions regarding the possibility of the project being a potential rug pull. Source: ONI Price-CoinMarketCap Anonify, a privacy-centric Telegram bot, claims to facilitate secure cross-chain…

Talos, a provider of institutional trading technology for digital assets, has partnered with Coinbase Derivatives, LLC, to expand the platforms available for institutional investors seeking to invest in digital assets within a regulated framework. The integration of Talos with Coinbase Derivatives enables investors to access a regulated futures exchange offering Bitcoin and ether futures contracts. According to the press release, these contracts, sized at 1 Bitcoin and 10 ether, cater specifically to the needs of institutional investors. They provide a capital-efficient tool for managing crypto market exposure without the complexities of direct asset custody. Daniel Packham, the VP and Head…

Xuirin Finance has introduced a revolutionary DeFi debit card striving to bridge the gap between decentralized finance (DeFi) and everyday spending. This unique project offers to render DeFi assets universally consumable for everyday operations worldwide, thus making a big step forward in incorporating DeFi into traditional financial practices. DeFi, a segment of finance that lies outside the traditional banking systems, has been considered the territory of those deeply involved in the world of cryptocurrencies mainly due to its complexity. Nevertheless, with the debut of the DeFi debit card by Xuirin Finance, this story is about to alter, providing a link…

A month after the Bitcoin Ordinals collection, Runestone, airdropped tokens to eligible wallets, a Dogecoin Ordinals project hosted its own airdrop this week in honor of the milestone. After the initial Doge Runestone airdrop, the collection of 30,272 Dogecoin NFTs began trading on the secondary market with a total trading volume of 80,142 DOGE, or nearly $15,000 worth. The current floor price for a Doge Runestone is 170 DOGE, around $32 on the Ordinals Wallet Dogecoin marketplace. https://twitter.com/RoboAI_DRC420/status/1775278443426697631?s=20 Robo AI, the group behind the Doge Runestone drop, told Decrypt that it’s building a DRC-420 protocol on Doginals to enable more…

Ethereum and Polygon continue to outpace newer Ethereum Virtual Machine (EVM) chains in attracting new users and trading volume, Flipside’s “New EVM Users: Q1 Snapshot” report shows. As of March 27, Ethereum has garnered 13.4 million new users, while Polygon has attracted 12.3 million, accounting for approximately 70% of the new user base across all EVM chains this year. In contrast, Arbitrum has seen 4.7 million new users since the start of 2024. While Ethereum’s mainnet maintains its historical dominance, Layer-2 protocols are cumulatively processing more volume. Decentralized finance (DeFi) remains the primary draw for new users, with Ethereum leading…