Author: NBTC
In a dramatic week of trading, Notcoin has seen an astonishing 34% rise in value over the last 24 hours, capped by a 78% increase over the past seven days. These fluctuations follow the cryptocurrency’s recent inclusion on significant exchange platforms like Binance. The listing of Notcoin on Binance on May 16 sparked a significant increase in transaction volumes and active user addresses, showcasing the immediate market impact. This surge in activity highlights the cryptocurrency community’s quick reaction to new listings. The major exchange listing of #NOTCOIN led to an initial surge in transaction volumes and active addresses, but prices…
Decentralized exchanges (DEXs) saw a 15.7% quarter-on-quarter increase in spot trading volume, reaching $370.7 billion in Q2 2024. This growth contrasts with centralized exchanges (CEXs), which experienced a 12.2% decline, recording $3.4 trillion in volume. Uniswap maintained its dominance with a 48% market share among DEXs. Newcomers Thruster and Aerodrome made significant gains, with Thruster’s volume rising 464.4% to $6 billion and Aerodrome growing 297.4% to $5.9 billion. Image: CoinGecko “This shift can be attributed to the inherent advantages of DEXs, including privacy, complete transparency, and self-custody. In contrast, CEXs face challenges such as KYC requirements, high fees, and collapse…
On July 8, Justin Bons, the Founder and Chief Investment Officer of Cyber Capital, posted a detailed 38-part thread on the social media platform X (formerly known as Twitter), critiquing Bitcoin’s long-term security model. Bons argues that Bitcoin’s security model is fundamentally flawed and that it faces significant challenges in maintaining its security over the long term. Cyber Capital is an investment firm that specializes in cryptocurrencies and blockchain technology. Founded in 2016 and based in Amsterdam, Cyber Capital focuses on managing investment funds in the digital asset space. The firm aims to utilize its understanding of blockchain technology and…
Ethereum (ETH) is currently showing signs of recovery after a recent sell-off phase. This has led to a notable rebound, suggesting the potential for a continued uptrend. Over the past two months, Ethereum has outperformed Bitcoin (BTC), with analysts predicting a significant price increase in the coming days due to the anticipated launch of an Ethereum ETF. This event is expected to strengthen ETH against BTC, particularly given the bearish divergence on the BTC weekly chart. Despite the optimism, there is no clear timeline for the launch of the much-anticipated spot Ethereum ETF, causing confusion among issuers about the delay.…
In a significant move within the crypto landscape, a notable whale investor has sold a large portion of Dogwifhat (WIF) meme tokens. The transaction involved the sale of 539,558 WIF tokens at a rate of $3.7 each, culminating in a substantial financial gain. The sale fetched approximately 11,708 Solana (SOL), equating to roughly $2 million. This major transaction not only highlights the investor’s skillful navigation of the crypto market but also underscores the profound impact such moves can have on token valuation and investor sentiment. The timing of this sale is particularly noteworthy, following a 10% rise in the Open…
Upbit, South Korea’s largest cryptocurrency exchange, observed unusual trading volumes in several altcoins. Altcoins showing significant changes include Avalanche (AVAX), Astar (ASTR), Polkadot (DOT), 1inch (1INCH), and Kyber Network Crystal (KNC). On the 4-hour chart, Avalanche (AVAX) showed a 71.91% increase in trading volume on Upbit, with the 50 4-hour average volume rising from $48,000 to $82,000. On Binance, trading volume increased by 42.44%, from an average of $328,000 to $467,000. Astar (ASTR) showed a significant increase on the 1-hour chart on Upbit, with the 1-hour average of 50 1-hour volumes rising 170.67% from $2 million to nearly $5 million.…
B Riley raised Core Scientific to buy from neutral, and lifted its price target to $13 from $0.50. Core is a future leader in high-performance computing hosting, the report said. The bitcoin miner has started on the path to achieving economies of scope with its CoreWeave deal, the broker said. Core Scientific (CORZ) is a future leader in hosting high-performance computing (HPC) due to the lucrative deals it has inked with CoreWeave and management’s solid experience in operating enterprise data centers, broker B Riley said in a research report on Tuesday. The broker upgraded the Dover, Delaware-based company to buy…
According to data, liquid staking protocols accumulated an additional 290,000 ether in the past 46 days. This increase raised the proportion of ETH in liquid staking protocols by 0.24%, bringing the total to 11.18% of Ethereum’s 120.2 million circulating supply. Shift in Liquid Staking: Swell Drops, Frax Ether Moves Up At the time of writing, 13.44 million ether is locked into liquid staking protocols, with Lido holding 72.3% of that amount. On May 29, Lido had 9.51 million ETH, which has increased to 9.71 million today. This indicates that over the past 46 days, Lido absorbed 200,000 of the 290,000…
Meme stock king GameStop (NYSE: GME) hit its highest price in over a month Monday, continuing its latest uptick despite its pumper-in-chief and top trader Roaring Kitty keeping a low profile of late. New York Stock Exchange data shows the original meme stock traded above $27.00 earlier Monday, but even at its current price of $26.48, it remains up 5% over the past month and about 2% on the day. The stock has continued to shoot up as investors continue to show interest in meme stocks following the May reappearance of the trader who started the original meme stock bull…
Shiba Inu (SHIB) has intrigued the broader market today after surpassing Cardano (ADA) in market capitalization amid a 12.7% surge in the past 24 hours to $0.00002799. While this might seem like a major feat considering the earlier plan was just to displace Avalanche, SHIB metrics have proven it has more stunts to pull. At the time of writing, the SHIB trading volume has jumped by more than 139% to $2,384,774,823 overnight. At this volume, a total of 8.3 trillion SHIB had been traded in the past 24 hours, setting the meme coin up for more growth ahead. Shiba Inu…