Author: NBTC

A new cryptocurrency whale has purchased $1.34 billion worth of Ether in the past eight days, outpacing record US spot Ether ETF inflows and fueling speculation over the token’s price trajectory ahead of key US inflation data. The whale acquired 312,052 Ether (ETH) across 10 newly created cryptocurrency wallets, according to crypto intelligence platform Lookonchain. The whale has acquired $300 million more than the record-breaking inflows to US spot Ether exchange-traded funds (ETFs), which amassed $1 billion worth of Ether on Monday, their largest daily net inflows since launch. Analysts say the billion-dollar accumulation could help push Ether closer to…

Metaplanet stock price has crashed and entered a bear market as demand for Bitcoin treasury companies waned and investors began booking profits. Summary Metaplanet share price has plunged by 55% from the year-to-date high. The stock has dropped as Bitcoin treasury companies dive. Technical analysis points to more downside in the near term. Metaplanet shares have plunged to ¥910 ($6.18), the lowest level seen since May 23 and 55% below this year’s peak. This decline has pushed the company’s market capitalization from ¥1.14 trillion to ¥638 billion. Why the Metaplanet stock price has crashed There are several reasons why Metaplanet’s…

The projects with the most active users on a weekly basis in the cryptocurrency market have been announced. On-chain data reveals activity in the user base of decentralized exchanges (DEXs), particularly layer-1 and layer-2 blockchains. BNB Chain took first place on the list. Here are the altcoin networks with the most weekly active users, their user numbers, and the change in active user numbers compared to last week: BNB Chain (BNB) – 16.9 million (+7.1%) Near Protocol (NEAR) – 16.1 million (+0.7%) Solana (SOL) – 13.7 million (-27.1%) Base – 7.0 million (-27.9%) Tron (TRX) – 6.5 million (+10.8%) opBNB…

zkLink and B2 Network are making waves in the crypto market with their strategic collaboration as both are poised to redefine the landscape of decentralized finance (DeFi). This collaboration marks a significant leap toward building a new era for financial markets. In this era, the intelligent agents scan, route, and execute the financial markets, not manually traded. 🤝 @zkLink_Official x @BSquaredNetworkThe next era of DeFi won’t be traded by humans.It’ll be scanned, routed, and executed by agents.We’re merging AI infra with cross-chain liquidity rails.Welcome to automated alpha. More details soon 🔥#AIxDeFi pic.twitter.com/KoanmsNY6R — zkLink | Aggregated Rollup 🐊 (@zkLink_Official) August…

In a significant development that underscores the growing intersection of traditional industries and digital assets, Nasdaq-listed biotech firm 180 Life Sciences has made headlines. Operating under the name ETHZilla for its crypto ventures, the company recently revealed substantial 180 Life Sciences ETH holdings, signaling a remarkable move into the cryptocurrency space. This bold step highlights a fascinating trend where established companies are exploring the potential of decentralized finance. What Are 180 Life Sciences’ Massive ETH Holdings? The core of this exciting news comes from a recent PR Newswire press release. It confirms that 180 Life Sciences, through its ETHZilla initiative,…

This is a segment from The Drop newsletter. To read full editions, subscribe. Arbitrum’s gaming investment group is offering Ronin up to 750,000 ARB spread across three consecutive years to join them as an “Orbit” chain. Currently, that’s worth about $367,500, which doesn’t seem like a whole lot. But in this down-and-out gaming market, maybe that’s enough. Ronin’s cofounders shared screenshots on social media of the offer from Arbitrum Gaming Ventures (AGV), noting that it would also include Gaming Content Creator Program access (social content support funded by Arbitrum DAO). They’d also get financial assistance with audit costs via an…

MetaMask officially unveiled its native stablecoin Wednesday, the first of its kind launched by a self-custodial wallet.  The token, dubbed mUSD, will be fully integrated with the MetaMask DeFi ecosystem, and will allow users of the dominant Ethereum wallet to easily on- and off-ramp self-custodied cryptocurrencies into dollar-pegged tokens.  The stablecoin will be issued by Bridge, a Stripe company, and one-to-one backed by dollar equivalent assets in compliance with the recently passed GENIUS Act.  At launch, expected later this year, mUSD will be available in-wallet both on Ethereum and Linea, the layer-2 blockchain developed by MetaMask’s parent company, Consensys. (Disclosure:…

Three wallets, probably owned by the same large-scale holder, unstaked 14,942 ETH, or roughly $64.38 million, before depositing the full amount into Binance within the last hour, according to on-chain data tracker Arkham. When combined with the current technical conditions, the massive surge in inflows to Binance might change the current shape of the asset on the market. Market performance Ethereum broke through a significant downward trendline, opening a path without any immediate historical resistances above it, according to price action analysis. As long as general market conditions stay favorable, there is potential for upside continuation given this bullish breakout…

Kraken is plugging its tokenized equities directly into one of the world’s busiest payment rails. By deploying xStocks on Tron, it’s aiming its Nasdaq-in-a-token product at a massive, global user base already moving billions in USDT daily. Summary Kraken and Backed are launching xStocks on the Tron blockchain. Tron processes $22 billion in daily settlements and hosts over $26 billion in total value locked. The integration expands tokenized equity access to a global user base In a blog post published on August 20, crypto exchange Kraken announced a strategic collaboration with tokenization specialist Backed and the TRON DAO to expand…

Exciting news for the cryptocurrency world! Starknet, a leading Ethereum Layer 2 scaling solution, has officially announced a groundbreaking development: the imminent launch of Starknet Bitcoin staking. This highly anticipated move follows the successful passage of proposal SNIP-31, clearing the way for Bitcoin (BTC) holders to participate in securing the Starknet network and potentially earn rewards in the coming weeks. What Does Starknet Bitcoin Staking Mean for Your Portfolio? The recent approval of SNIP-31 is a significant milestone for Starknet and the broader decentralized finance (DeFi) ecosystem. This proposal officially clears the path for Starknet to integrate Bitcoin directly into…