Author: NBTC

In a notable event within the cryptocurrency domain, a famous trader called “Machi Big Brother” invested 125 ETH (worth $336,800) to purchase 3.28 million $3AC tokens. According to Lookonchain, which tracks data from blockchain explorers and trading platforms, the transaction was completed at an average price of $0.1028 for each $3AC token. Machi Big Brother(@machibigbrother) spent 125 $ETH($336.8K) to buy 3.28M $3AC(by @zhusu) at an average price of $0.1028. #3AChttps://t.co/rehOcePKqm pic.twitter.com/AcdvTkqxxU — Lookonchain (@lookonchain) September 28, 2024 Uniswap Transaction Insights All the transactions made by Machi Big Brother were made through the Uniswap platform, which is an automated decentralized marketplace…

According to data from the Central Bank of Brazil, purchases of cryptocurrency made abroad have soared this year, surpassing the numbers registered in 2023. These purchases, considered imports, have reached $12.37 billion year-to-date, exceeding the total crypto purchases of 2023. This indicates that exchanges and trading platforms are preparing to accommodate a large demand for digital assets. Brazil Registers Cryptocurrency Imports of $12.37 Billion by August 2024 The demand for cryptocurrency in Brazil has greatly increased, and platforms have also purchased more crypto to offer their users. The Central Bank of Brazil has recently released data that indicated that cryptocurrency…

Money from the political action committees backed by such crypto firms as Coinbase and Ripple Labs is helping lift the Republican challenger against Sen. Sherrod Brown, who chairs the Senate Banking Committee where crypto bills have languished. Blockchain businessman Bernie Moreno has experienced a rapid rise in polling, some of which now put the Republican candidate atop Brown in the battleground state of Ohio. The colossal campaign spending from the cryptocurrency industry is showing up in dominant fashion in Ohio’s U.S. Senate race, where its political action committees have devoted $40 million to support Republican Bernie Moreno’s opposition of Sen.…

Top US-based crypto exchange Coinbase is teasing its new wrapped version of Bitcoin (BTC) to Ethereum (ETH) layer-2 scaling solution Arbitrum (ARB). In a new announcement on the social media platform X, Coinbase Assets tells its audience that Coinbase Wrapped Bitcoin (cbBTC) is “coming soon” to the smart contract platform Arbitrum. Earlier this month, Coinbase announced the launch of cbBTC, a token that would allow holders of the crypto king to access decentralized finance (DeFi) protocols over the Ethereum and Base blockchains. At the time, Coinbase said cbBTC would be compatible with several prominent DeFi platforms, including Aave (AAVE), Curve…

In its report titled “Bitcoin as a Unique Diversifier,” investment giant BlackRock outlined Bitcoin’s distinct characteristics, highlighting its low correlation with U.S. equities and its potential role as a “risk-off” asset, particularly with the approval of physically settled options tied to the IBIT spot Bitcoin ETF. BlackRock Highlights Bitcoin’s Unique Role as IBIT Options Receive Approval The report highlighted four key points. First, Bitcoin’s fundamental characteristics differ significantly from traditional financial assets, as it lacks elements such as quarterly earnings or a central authority. Secondly, Bitcoin’s volatility raises questions about its classification as a “risky” asset. But BlackRock suggests that…

The latest rankings of decentralized finance (DeFi) projects based on social activity clarified their engagement levels. The insights reflect the increasing significance of community interactions in determining project relevance in the rapidly evolving crypto landscape. Phoenix, a crypto analytical platform, shared the report highlighting the details of top DeFi projects through its official X account. TOP #DEFI PROJECTS BY SOCIAL ACTIVITY$SOL $XRP $AVAX $LINK $HBAR $INJ $EGLD $FLOKI $RENDER $STX pic.twitter.com/amwHzDogXB — PHOENIX – Crypto News & Analytics (@pnxgrp) September 28, 2024 Solana Dominates the Rankings Recent data from Phoenix Group reveals Solana ($SOL) stands at the forefront, boasting 102,111…

On October 10, Christie’s London will host an auction for “Ascend”—a 1-of-1 piece of dynamic digital artwork inscribed on Bitcoin’s Ordinals protocol—during its Post-War and Contemporary Art Day Sale. It will be the only digital artwork in the sale. This event will mark the first-ever Bitcoin Ordinal to appear in a live auction at Christie’s, bridging the gap between the traditional and digital art worlds. “Ascend” is a part of “The Wild Within” project created by artists Ryan Koopmans and Alice Wexell. The series revitalizes architectural ruins through a digital medium, combining photography with advanced 3D techniques to breathe new…

For investors and analysts, Head of Macro Research Julien Bittel’s prediction that Ethereum could reach $20,000 is an intriguing one. The basis of Bittel’s analysis is Ethereum’s current market structure, which resembles previous movements observed in 2023 and may repeat bullish trends. According to the provided chart, Ethereum’s price action is exhibiting signs of consistent accumulation, which may be the start of a significant breakout. According to Bittel’s forecast, prices will rise parabolically and resume their historical pattern. As long as current support levels hold, the chart suggests that Ethereum might have an upward trajectory, particularly if the market continues…

In just 40 days, the U.S. Federal Open Market Committee (FOMC) will gather to decide whether the central bank will lower the benchmark interest rate. This pivotal moment occurs two days after the 2024 U.S. Election Day. As it stands, CME futures data suggests that a half-point reduction is currently viewed as more probable than a quarter-point adjustment. Prediction Markets and Fedwatch Tool Split on Rate Cut Forecasts As of Sept. 28, 2024, the CME Fedwatch tool reveals that the likelihood of a 50 basis point cut outweighs the odds of a 25 basis point reduction. The half-point trim currently…

According to data from cryptocurrency analysis platforms, there are some interesting developments in the list of blockchains with the highest number of daily active users. First on the list is, unsurprisingly, Tron (TRX). Tron is the preferred choice for users due to its low transaction fees and speed. Tether (USDT) transfers are extremely popular on the network, and almost all stablecoin transfers are made on Tron. Users who want to keep dollars, especially in third world countries, also keep their USDT on the Tron network. The Tron network has an average of 2.3 million daily active users. Interestingly, the second…