Author: NBTC
The Ethereum (ETH) supply on exchanges has reached its 34-month highs as the asset’s price surpasses the $3,500 mark. ETH is up by 2.3% in the past 24 hours and is trading at $3,490 at the time of writing. The second-largest cryptocurrency — with a $419 billion market cap — briefly touched an intraday high of $3,517 earlier today. ETH price, whale activity, RSI and supply on exchanges – July 17 | Source: Santiment Ethereum’s daily trading volume also surged by 7.6%, reaching $19.8 billion. You might also like: Bitcoin mining stock analyst discusses ‘Trump Bump’ According to data provided…
Cross-chain interoperability protocol Owlto Finance has raised new funds in a round backed by Matrixport, propelling its valuation to $150 million. Owlto Finance, a cross-chain bridging service developed as Ethereum‘s layer-2 roll-up solution, has attracted fresh capital in a funding round backed by Matrixport, boosting its valuation to $150 million. Launched in 2023, Owlto Finance boasts support for more than 45+ networks within the Bitcoin, Ethereum, and Solana ecosystems. Although the size of the funding wasn’t disclosed, it’s understood that the proceeds will help the startup expand its network support as well as advance a new interoperability protocol, which will…
Key Points: Ethena’s May custodian certificate reveals $2.677 billion in assets, bolstering investor confidence. Copper, Ceffu, and Cobo verified holdings contribute significantly to the custodial assets. With $15.4 million for redemptions and $42.3 million in reserves, Ethena ensures liquidity and stability. Ethena USDe has released its highly anticipated USDe asset custodian certificate for May. The certificate, unveiled as of 18:00 (UTC+8) on May 24, showcases a remarkable $2.677 billion in custodial assets, further solidifying Ethena’s position in the digital asset market. Among the key highlights of the custodian certificate is the revelation that the supply of USDe stands at 2.673…
In the past 24 hours, a staggering $171 million worth of short positions have been liquidated, signaling a dramatic shift in the crypto market. Earlier this week, the market experienced a significant downturn, with Bitcoin (BTC) hitting a low of $53,300, primarily driven by heavy selling from Mt. Gox and the German government. 🚨 BREAKING 🚨 $171,000,000 WORTH OF SHORTS HAS BEEN LIQUIDATED IN THE PAST 24 HOURS.BEARS ARE GETTING REKT pic.twitter.com/73eKl6ZeL0 — Ash Crypto (@Ashcryptoreal) July 7, 2024 Massive Liquidations Amid Market Volatility The price drop caused extensive damage, leading to the liquidation of $263 million worth of long…
Ethereum price topped out at $3,517 on Wednesday, July 17, 2024, marking a 25% rebound over the last 12 days of trading; on-chain data shows increased staking on the ETH 2.0 network could be a key bullish catalyst. Ethereum Price Spikes 25% Ahead of Expected ETF Launch on July 23 The anticipation surrounding the potential launch of an Ethereum ETF on July 23 has been a significant driver behind Ethereum’s recent price surge. Further buoyed by the dovish macroeconomic indices in the recent Non-Farm Payrolls and Consumer Price Index (CPI) data, market sentiment surrounding ETH has turned overwhelmingly positive as…
Major meme cryptocurrencies have experienced substantial gains over the past 24 hours, according to CoinGecko data. Mog Coin (MOG) and Floki Inu (FLOKI) have added 33.8% and 23%, respectively, becoming the best-performing meme coins with a market cap over Dogecoin (DOGE) and Shiba Inu (SHIB) are also in the green, adding 1.5% and 4.5% (respectively) over the past 24 hours. Last week, the two meme coins recorded notable price increases after Tesla CEO Elon Musk paid tribute to the late Shiba Inu Kabosu who inspired the Doge meme. Pepe (PEPE) has added almost 6%, with its market cap surpassing $7…
Ross Stevens sees Bitcoin as life insurance, offering financial freedom and dignity instead of traditional payouts. Stone Ridge invests in Bitcoin futures despite a bearish market, reflecting confidence in Bitcoin’s long-term potential. Recent Bitcoin sell-offs by Mt. Gox creditors and the German government add pressure, but signs of recovery persist. Ross Stevens, CEO of Stone Ridge Asset Management, describes Bitcoin as more than just a digital currency. In his view, Bitcoin acts as a form of life insurance, but not in the traditional sense. I nstead of a payout after death, it offers a form of financial freedom and dignity…
21Shares has filed an updated S-1 form with the Securities and Exchange Commission (SEC) for its spot Ethereum exchange-traded fund (ETF), setting a management fee at 0.21%. The ETF will operate under the ticker symbol “CETH.” The recent filing comes as the SEC has called on Ethereum ETF issuers to return their final S-1 forms on Wednesday, according to Bloomberg ETF analyst Eric Balchunas. He said spot Ethereum ETFs will launch on July 23. The ETF issuers filed their S-1 forms on July 8 but most of them left fees out of their forms. According to Balchunas, this is likely…
Key Points: According to TechCrunch, Anthropic, an AI company, raised over $750 million in an ongoing financing round, with investment from Menlo Ventures. Menlo Ventures and Anthropic announced the launch of the $100 million Anthology Fund, aimed at pre-seed and Series A AI companies. Anthropic AI funding update: Menlo Ventures invests in Anthropic, leading a $750M round and launching the $100M Anthology Fund for AI startups. Insider: Anthropic AI Funding Surpasses $750M With Menlo Ventures’ Investment According to TechCrunch, Anthropic, an AI company, was invested in by Menlo Ventures, a major venture capital company in Silicon Valley. In the ongoing,…
According to blockchain analytics firm Lookonchain, a trader has managed to turn $2,625 into $1.1 million with the help of the Shiba Inu (SHIB) cryptocurrency. The trader originally purchased roughly 48 billion SHIB tokens in February 2021. Back then, the meme coin was still an obscure project that very few cryptocurrency enthusiasts knew about. They have traded the SHIB tokens for 278.7 ETH, making a whopping 419x gain. The SHIB token managed to captivate the attention of the investment community back in October 2021 when it managed to briefly surpass rival Dogecoin by market capitalization. The Dogecoin rival is still…