Author: NBTC
Su Zhu, co-founder of the now-defunct Three Arrows Capital (3AC), is drawing attention for his strategic approach to cryptocurrency trading. His most recent trading included both long and short positions across tokens, including Ethereum (ETH), POPCAT, TAO, and SUI, demonstrating a mix of bullish and bearish views. sold 50% of tao, sui, popcat for more eth https://t.co/HrLEkUmzIO pic.twitter.com/QAH45Jod75 — 朱溯 🐂 (@zhusu) September 25, 2024 Recent trades show Zhū taking a long position on Ethereum at an average price of $2,624.1, suggesting optimism on its price. However, he shorted POPCAT, TAO, and SUI at average prices of $1.0098, $566.52, and…
Circle Ventures, the venture capital arm of stablecoin issuer Circle, is reaping the rewards of its investments in major digital asset projects. As per sources, the Circle Ventures Portfolio’s market capitalization currently stands at a remarkable $13.3 billion, a 9% increase in the past 24 hours. Data reveals that the portfolio includes prominent cryptocurrencies such as Near Protocol (NEAR), Aptos (APT), Sui (SUI), KuCoin (KCS), Sei (SEI), Mina Protocol (MINA), LayerZero (ZRO), Centrifuge (CFG), Maple (MPL), Big Time (BIGTIME), and Maverick Protocol (MAV). The 24-hour trading volume for these tokens reached $1.6 billion, with SUI, APT, SEI, and MAV leading…
Atua AI has disclosed its intention to work with Orbler, a Web3 marketing platform. The cooperation aims to improve community involvement and creativity within the Web3 space. This collaboration is focused on changing inactive Web3 users into active ones who can help grow decentralized communities worldwide. Atua AI shared this update with the community through a social media X post. Excited to partner with @atuaai! 🚀 Their AI tools enable creation in over 53 languages. Together, we’re driving secure and scalable innovation in Web3. #Orbler #AI #Web3 pic.twitter.com/lzb9b3C1XE — Orbler (@Orbler1) September 24, 2024 Innovative Approach to Web3 Community Building…
Bitcoin price could be trading at double its current value in the next three to five months, according to Plan B, crypto analyst and creator of the stock-to-flow (S2F) model. Plan B’s Bitcoin (BTC) price projection comes as the digital asset breaks the $70,000 price level. According to the analyst, one metric stands out and is what suggests BTC could be hovering around $140,000 by November. Plan B on Bitcoin price in 2024 On July 29, commenting on the price of bitcoin after the surge observed over the weekend, Plan B wrote on X that Bitcoin’s miner revenue had bottomed…
Token unlocks are changing the DeFi space by releasing tokens into circulation, often causing significant price changes. With over $568 million worth of assets ready to unlock before October 6, the market could become more volatile. The impact of these unlocks depends on current market conditions and investor sentiment, making this a key period for traders and long-term investors as DeFi projects adapt to their new circulating supplies. A recent report from Token Unlocks highlighted the different ways token unlocks affect token prices. PENDLE saw a 4.2% unlock of its total supply but managed a 234% price surge, showing strong…
Justin Sun’s SunPump introduced a launchpad for digital collectibles in collaboration with non-fungible token marketplace APENFT. The new platform expands the range of offerings for the viral token launchpad and follows up on commitments the Tron executive made recently. SunPump Teams Up For NFT Launchpad Justin Sun announced the launchpad in a post on X (formerly Twitter). He cited the first-ever fair launch platform for NFT collections on the TRON network. Dubbed NFT Pump, the platform is live and available for users, including NFT enthusiasts, amateurs, and professionals alike. “For the first time in the world, NFT + MemePump has…
Ethereum price is holding gains above the $2,650 resistance. ETH is now consolidating gains and might aim for more gains above $2,700. Ethereum is aiming for more upsides above the $2,700 resistance. The price is trading above $2,620 and the 100-hourly Simple Moving Average. There is a short-term contracting triangle forming with support at $2,620 on the hourly chart of ETH/USD (data feed via Kraken). The pair must stay above the $2,600 support to continue higher in the near term. Ethereum Price Eyes More Upsides Ethereum price extended its increase and climbed toward the $2,700 level before the bears appeared.…
Hodler Investments, a Dubai-based firm with a portfolio in energy, AI, and digital asset mining, has signed a strategic partnership with Abu Dhabi’s EHC Investment. Together, they will launch NEXGEN, a project aimed at monetizing wasted energy, like flared gas, to power datacenters in the UAE, KSA, and Egypt. NEXGEN will help establish a compliant digital energy market to supply vital infrastructure by monetizing wasted energy, such as flared gas, in the UAE, KSA, and Egypt. Its goals include hosting global data center operators, reducing carbon emissions, and contributing to the Digital Energy Infrastructure (DEI) Fund, a local decarbonization innovation…
Elon MUSK has caused a stir in the tech and cryptocurrency communities with the introduction of the upcoming AI Grok 2 and the popular Solana-based meme coin Dogwifhat (WIF). This has left many people wondering about the potential role of AI in the rapidly changing world of cryptocurrency. In addition to announcing that he will be releasing an expanded version of his AI language model called Grok 2 in August, Elon Musk also shared some other interesting details about what users can expect from the system. According to Musk, Grok 2 has some great new features, including the ability to…
Former Alameda Research CEO Caroline Ellison has been sentenced to two years in prison for defrauding investors of crypto exchange FTX and its sister firm. Judge Lewis Kaplan of the U.S. District Court of the Southern District of New York handed down the light sentence, citing Ellison’s strong cooperation as a witness against former FTX fraud ringleader Sam Bankman-Fried last fall. “I’ve seen a lot of cooperators in 30 years,” said Kaplan, per Bloomberg. I’ve never seen one quite like Ms. Ellison.” Bankman-Fried received a 25-year sentence last fall, although he has appealed the decision. Ellison, 29, pled guilty in…