Author: NBTC
Popular cryptocurrency-related analytics service CoinGecko has published data about AI-themed meme cryptocurrencies as they have shown amazing growth today, Jan. 2, skyrocketing in market capitalization. According to this popular data platform, today, the overall market value of AI meme coins has surpassed the $10 billion market, showing amazing 26.4% growth within the last 24 hours. Ai16z leads AI meme coin rally before New Year Eve As for the trading volume over the past day, it has reached an impressive $2.46 billion. The largest AI meme coin among them is ai16z with a market capitalization value of 2.659 billion. As reported…
Two years ago, the Solana-based derivatives decentralized exchange, 01 went on an indefinite hiatus until today when it announced that it will relaunch as N1. According to a post from its co-founder Dima Romanov, the exchange will have the support of Arthur Hayes and some other VCs. Further into the post, Dima also revealed a walk down memory lane as he reminded readers of what happened to them in the first place. Dima is optimistic about N1 relaunch Dima’s long-form post on X began with him revealing how he, David Cao, and Sheheryar Parvaz set out to build the best…
Crypto mining firm BitFuFu has acquired a data center in Oklahoma for $20 million. According to reports, the NASDAQ-listed firm revealed that it has signed a definitive agreement, making it one of the majority owners of the operational Bitcoin mining data center. According to the report, BitFuFu priced the deal at $400,000 per megawatt, putting the total value of the 51 MW mining center at $20.4 million. The company noted that the transaction was funded from the cash in its balance sheet and common stock. The Oklahoma mining data center has been in operation since 2022, operating through an air-cooled…
As the year draws to a close, the attention of all crypto market participants is focused on where, and at what point, the price of the leading cryptocurrency, Bitcoin (BTC), will step into 2025. Despite hitting a new all-time high this month, Bitcoin is currently trading below this coveted mark, which is seen as more of a sign of weakness, even though it is still up 128% since the beginning of 2024. With the crypto market attracting many more institutions this year such as BlackRock, Fidelity, pension funds and the like, thanks to the launch of spot Ethereum and Bitcoin…
Ethereum is nearing a $2,800 breakout to test the $3,000 neckline. With increasing bullish triggers, is ETH ready to surpass $3,000? Bitcoin bouncing back to the $98,000 mark has boosted the trend momentum in Ethereum. The biggest altcoin in the market has risen to $2,755 with an intraday recovery of 0.61%. This marks its third consecutive positive day in an attempt to challenge and close above the $2,800 mark. With the short-term recovery gradually gaining momentum and the short-term technicals hinting at a trend continuation, will Ethereum reclaim the $3,000 mark? Let’s find out. Ethereum Price Nears $2,800 Breakout In…
After detailing the growing number of crypto ETF proposals/developments in recent weeks, I wanted to point out the latest. For one thing, US crypto index ETFs — in their earliest forms — are now live. Franklin Templeton’s EZPZ ETF (named for the convenience of getting exposure to two crypto assets at once) holds both BTC and ETH. That joined the Hashdex Nasdaq Crypto Index US ETF, which hit the US market on Valentine’s Day. The dual BTC-ETH exposure is just the first iteration of these products — or so we all expect. A Tuesday 19b-4 filing signals the Hashdex fund…
As Bitcoin’s resurgence has fueled the crypto market cap to exceed $3 trillion, Hyena (HYENA) is grabbing users’ attention. The overall market’s growth has lured millions of investors to build luck on the burgeoning industry. Increasing numbers of investors continue to pour funds to grow their wealth in the alternative financial landscape. However, the road is not smooth for everyone. Some end up with hit with hard lessons to learn later. Lookonchain has spotted a trader who has just lost $80.8k within a day. Trader nursed $89.6k loss in FOMO trading With goodies in the markets, investors and traders are…
Secondary token markets SecondSwap on Thursday launched its mainnet on Ethereum with the aim of providing a more efficient market for illiquid assets by eliminating intermediaries and establishing fair token value in the open market. SecondSwap uses a liquidity routing algorithm that optimizes trade execution and minimizes price slippage to ensure secure and scalable trading experiences for buyers and sellers. “By introducing a decentralized order book-style exchange, we are bringing transparency to token secondary markets,” said Kanny Lee, founder of SecondSwap, in an email to CoinDesk. “Our platform provides visibility into buy and sell orders, leveraging price discovery mechanisms such…
Bitcoin spot ETFs shed almost $388 million in weekly outflows between December 23 and 27. On the other hand, Ethereum realized a $349M net inflow over the same period. Although Bitcoin spot ETFs saw a significant shed, Fidelity’s FBTC stood out with a noteworthy weekly flow of $183 million. The mixed performance within the Bitcoin ETFs makes it difficult to assess investor mood during Christmas. Following the shed, Bitcoin spot ETFs net asset value is $106.683 billion. The latest outflows show that investors could be replanning their holdings due to market uncertainties compared to the past inflow periods. Only a…
Ethereum is facing a crucial resistance region, including the 200-day moving average and the descending wedge’s lower boundary. The price action at this level is critical, as a potential rejection could lead to a decline toward the $2.5K threshold. Technical Analysis By Shayan The Daily Chart After rebounding from the $2.5K support region, Ethereum has experienced increased buying activity, leading to a minor surge. However, the price now confronts a significant resistance zone, which includes the 200-day moving average and the key $2.9K level. This area is expected to be filled with supply, making it a challenging barrier for buyers…