Author: NBTC
Today, enjoy the Lightspeed newsletter on Blockworks.co. Tomorrow, get the news delivered directly to your inbox. Subscribe to the Lightspeed newsletter. A block north of the Charles River and on the sixth floor of MIT’s media lab, Solana investors, founders, and community members were handed Red Sox-themed t-shirts and sipped Dunkin’ coffee during “Solana Boston,” the latest in crypto’s never-ending conference cycle. This particular conference was much less ambitious than its predecessor in Solana Breakpoint. The venue consisted of two rooms for talks connected by a networking space. The most talked-about speaker seemed to be John Deaton, the crypto-friendly lawyer…
The cryptocurrency market is witnessing a surge in activity, particularly in Bitcoin futures. Data from Coinglass, dated October 13, reveals that the total open interest in Bitcoin futures has reached 55,213 BTC, equating to around $34.63 billion. This trend is closely observed by analysts as major exchanges like CME and Binance contribute significantly to the market’s dynamics, underscoring sustained investor interest in Bitcoin. Which Exchange Dominates Bitcoin Futures? CME is at the forefront of the Bitcoin futures market, boasting an open interest of 15,663 BTC, or approximately $9.81 billion. This prominent position indicates strong participation from institutional investors, reflecting their…
The cryptocurrency market is known for its price fluctuations, and ApeCoin ($APE) has recently been trending due to a dramatic price surge. Despite the given price rise of $APE over 100% within the last two days, one $APE whale investor lost millions, showing volatility and risk associated with crypto investments. Despite $APE’s price surge of over 100% in the last 2 days, and even factoring in staking rewards, this whale still lost $1.06M (-47%) on $APE!He bought 582K $APE($2.24M) at $3.85 in 2023 and staked it.After the price of $APE rose yesterday, he sold all 790K $APE($1.18M) at a… pic.twitter.com/lOuyH89v76…
Software developer Peter Todd has dismissed the HBO documentary identifying him as Satoshi Nakamoto, the creator of Bitcoin. Todd expressed concern that the documentary could endanger his life due to the significant amount of wealth associated with Satoshi Nakamoto. Two experts argue that newer crypto users are less interested in the creator’s identity and are more focused on the technology’s utility. ‘Marketing Ploy’ Software developer Peter Todd has dismissed the HBO documentary identifying him as Satoshi Nakamoto as a “marketing ploy” to promote filmmaker Cullen Hoback’s latest works. Todd suggested that if Hoback had conducted thorough research, he would have…
The Jupiter aggregator is launching another campaign for active staking rewards. Jupiter’s goal is to engage the community in voting issues while distributing JUP and other tokens. Jupiter DEX aggregator has prepared 50M JUP and 7.5M CLOUD for its next round of voting and active staking. The current claims window runs until December 31 and covers previous community votes. At the same time, Jupiter invites both organic and incentivized activity. The DEX aggregator offers multiple trading tools, which can turn into airdrop tasks. For now, it is uncertain if the project would create another Jupuary, or focus more on active…
James Howells is suing Newport City Council after a decade-long fight to recover a hard drive containing 7,500 bitcoins, now worth nearly $500 million, mistakenly dumped in 2013. The council has repeatedly denied excavation requests, citing environmental concerns. Howells claims the data is recoverable. Council Sued Over Lost $500M Bitcoin Hard Drive James Howells, an IT engineer from Newport, Wales, has reportedly filed a lawsuit against Newport City Council after more than a decade of efforts to recover a hard drive containing 7,500 bitcoins, now valued at over $470 million. The hard drive was mistakenly dumped at a recycling center…
XRP was created to improve fast and low-cost repayments for banks and institutions worldwide. XLM focuses on providing financial services to people and businesses who need decentralized solutions. Both digital assets use efficient systems that process thousands of transactions in just seconds. XRP and XLM are driving heated discussions in the cryptocurrency market. Investors are focusing on the rising tensions as these two digital currencies evolve. A recent analysis from Black Swan Capitalist has further fueled the debate. XRP and XLM have shared origins but differ in their focus, leading to growing interest from the market. I was right five…
Bitcoin climbed above $64,000, with other major cryptocurrencies like ether and Solana’s SOL also gaining, although XRP and BNB remained unchanged. Over $100 million in short positions were liquidated due to the price jump. Memecoins like Mog and SPX6900 saw significant gains amidst discussions of a crypto “supercycle.” Broader market sentiment leaned towards buying due to positive economic indicators from both China and the U.S., with U.S. equities reaching new highs. Bitcoin (BTC) jumped above $64,000 in Asian hours Monday on the back of renewed hopes of a China stimulus and increased demand in certain bitcoin-based assets, leading a crypto…
The price of $SPX has escalated by an astonishing 1,823% over the past month. This rapid increase has caught the attention of investors and market analysts and marked a significant shift in the digital asset landscape. The $SPX (@spx6900) price has skyrocketed by 1,823% in just one month!Note that the top 10 #SPX6900-holding entities currently hold 171.55M $SPX ($144M), or 18.4% of the circulating supply, across 32 wallets. Together, they have a massive unrealized profit of $140.9M, most of… pic.twitter.com/ekgovoNXGz — Spot On Chain (@spotonchain) October 21, 2024 Recent data highlights that the top 10 entities holding $SPX control a…
Launched back in April 2023, Pepe took only a short time to become one of the most popular meme coins in the world of crypto and one of the top ones alongside the likes of Doge, Shib, and others. At the time of writing, Pepe sits at the 30th rank among thousands of cryptocurrencies in terms of market capitalization. However, additional info is needed for any investor to make an informed buying or selling decision. Meme coins have different supply dynamics that include token burns, which can impact price trends and also the future of the meme coin. In this…