Author: NBTC

VanEck’s latest Bitcoin (BTC) report reaffirmed its cycle price target of $180,000, citing strong bullish indicators that align with the current market rally. The asset manager highlighted key metrics, including funding rates, Relative Unrealized Profit (RUP), and retail interest trends, as signals that the bull market is still in its early stages. Bitcoin has soared into uncharted territory, trading near $100,000 following a post-election rally. According to VanEck, this mirrors the market’s behavior in late 2020, when Bitcoin doubled after the US presidential election and continued its upward trajectory in the subsequent year. With a pro-Bitcoin regulatory environment and growing…

Sonic Labs has unveiled Blaze, its upgraded testnet 2.0, showcasing groundbreaking advancements in the blockchain’s speed and efficiency. Sonic Labs’ Blaze Testnet Pushes Blockchain Boundaries The Sonic blockchain is an up and coming layer one (L1) Ethereum Virtual Machine-compatible network designed for high-speed transaction processing. Known for its rapid transaction finality, the blockchain achieved a finality speed of 720 milliseconds during earlier testing phases. Sonic Labs aims to revolutionize blockchain scalability and usability by offering sub-second finality and high throughput, addressing key limitations in the blockchain space. “In preparation for the Sonic mainnet, we’re excited to release our upgraded, default…

Bitcoin spot ETFs reportedly saw huge net flows on the 21st of November. As per the data from SoSoValue, Bitcoin ($BTC) exchange-traded funds recorded $1.005B in cumulative inflows while Ethereum ($ETH) ETFs witnessed -$9.05M in outflows. Bitcoin’s substantial inflows indicate growing appeal among institutional investors. $BTC ETFs Record $1.00B in 1-Day Net Inflows with $IBIT Accounting for $608.41M In line with the data, the single-day ETF inflows of Bitcoin reached $1.00B on November 21. The list of the top $BTC spot gainers includes $IBIT, $FBTC, and $BITB. Hence, $IBIT cumulatively added $608.41M to lead the ETF market. Following that, $FBTC’s…

Tether’s USDT has reinforced its position as the leading stablecoin in the crypto market, now accounting for 72% of the $133 billion stablecoin market capitalization. This marks a significant leap from its 50% share in 2022, showcasing the token’s growing prominence amidst market fluctuations. .@Tether_to’s $USDT strengthens dominance, now 72% of the $133B stablecoin market, up from 50% in 2022. Weekly mints exceed $3B, matching 2021 bull market levels, with $13B minted since November, according to @intotheblock pic.twitter.com/iwz79OjeGP — Satoshi Club (@esatoshiclub) November 30, 2024 Data from IntoTheBlock reveals that Tether has seen extraordinary growth, cementing its place as the…

IntoTheBlock’s data revealed a $4.5B exodus from exchanges in the last seven days. The data confirmed that whales were actively accumulating Bitcoin, as over 12% of the net outflow was attributed to large holders. The substantial outflow of Bitcoin from exchanges, as shown by the data, signaled a tailwind for Bitcoin’s price as it edged toward the 100K mark. The rising momentum for large BTC withdrawals from exchanges (+2.19%) indicated that large holders intended to reduce selling pressure and create a bullish environment for future price increases. Massive Bitcoin withdrawals from exchanges fuel BTC price surge Bitcoin recorded a whopping…

Flare partners with ChainPatrol to enhance Web3 security, tackling phishing, social engineering, and impersonation threats for its ecosystem. ChainPatrol provides real-time threat monitoring, protecting Flare users across platforms like Discord, Slack, and Telegram bots. Flare Network officially announced a cooperation with ChainPatrol, a leading Web3 AI-powered threat intelligence tool, to improve the security of its rapidly expanding ecosystem. Flare’s infrastructure now includes ChainPatrol’s real-time Web3 security knowledge to guard its users against advanced online threats. We are teaming up with @ChainPatrol, a leading AI-powered threat intelligence platform, to address the complex challenges of Web3 security and protect our community and…

In a significant development within the SIDUS HEROES ecosystem, over 2.4 billion $SIDUS tokens have been burned. This action represents 11.4% of the total $SIDUS supply, a move that aims to enhance the value of the remaining tokens and promote long-term sustainability within the community. SIDUS HEROES is a prominent name in Web3 gaming. 🔥 2.4B + $SIDUS tokens burned (11.4% of total $SIDUS supply). Burn HASH: https://t.co/S4DdpVkA2I⚠️ Reminder! Unclaimed $SIDUS or $SENATE from Seed, Private, Pre-Public, and Public sales? Use the 3-month window to claim them. Otherwise, they will be burned as well.Claim here:… pic.twitter.com/a6EnslT8Cy — SIDUS HEROES (@galaxy_sidus)…

As the price of the flagship cryptocurrency Bitcoin ($BTC) hovers around the $99,000 mark the Coinbase Premium Index, which measures the price difference between BTC on Coinbase and other exchanges, has “disappeared.” According to a post from CryptoQuant analyst “maartunn,” the index disappeared “as soon as Bitcoin tagged $98,000,” which means that spot exchange-traded funds (ETFs) will have to “step up” to “keep the price elevated.” Source: CryptoQuant The Coinbase premium index is an indicator showing the price gap between Coinbase’s BTC/USD trading pair and Binance’s BTC/USDT pair. When the premium is positive, it shows buying pressure on the exchange…

Grayscale’s cryptocurrency holdings have significantly increased during November, as altcoins like Stellar and XRP registered triple-digit gains, reinforcing analyst predictions of an incoming altcoin season. Notably, its cryptocurrency holdings have increased by over 85% in market capitalization during the past month. Its portfolio increase was mainly driven by Stellar’s XLM token which registered a massive 469% increase on the monthly chart and XRP, which has gained a noteworthy 262% in the last month. The third biggest gainer was the Decentraland metaverse token MANA which is up over 105% during the past month. Grayscale Reopens Private Placements In a recent development,…

A crypto whale has demonstrated his dedication to virtual currency investment by accumulating 3,577 Bitcoin (worth $330 million) in the past four days. According to data shared by Lookonchain, the whale currently holds 25,298 Bitcoin (worth $2.5 billion). It appears the whale got enticed by the surging prices of the cryptocurrency, potentially after seeing his holdings appreciate multiple times. Whale behavior boosts market confidence Whales, big investors with wallets holding between 1000 and 10,000 BTC, have been on a determined accumulation spree. Despite Bitcoin’s value reaching an all-time high of $99,261.30, big investors seem to be in no rush to…