Author: NBTC

Analytics account Lookonchain on the X social media network spreads the word about a crypto whale who has succeeded in profiting on several top cryptocurrencies as he has been holding long positions in them over the past month. One of those coins is Ripple-affiliated XRP, of which he holds 1,500,000. XRP, BTC, ETH long whale earns $9 million in unrealized profit Lookonchain shared that this anonymous whale has been holding long positions on the following coins over the past month: BTC, ETH, SOL, XRP, LINK and other 16 coins. In particular, he holds 1,500,000 XRP worth $3,297,900, 70.8197 BTC valued…

Hey crypto enthusiasts! Ever heard of the Kimchi Premium? It’s a fascinating quirk of the crypto world, particularly relevant to the South Korea crypto market. Essentially, it measures the difference in cryptocurrency prices, most notably Bitcoin, between exchanges in South Korea and those elsewhere in the world. For a long time, this premium was a hot topic, often indicating strong local demand or regulatory hurdles. But right now, the buzz is about its current state: neutral. That’s right. According to recent checks comparing the Bitcoin price Korea offers on a leading local exchange like Upbit with global platforms such as…

A crypto whale has recently made a notable profit on crypto long positions. As per the data from Lookonchain, the crypto whale went long on Bitcoin ($BTC), Solana ($SOL), Ethereum ($ETH), Chainlink ($LINK), Ripple ($XRP), Litecoin ($LTC), and sixteen other crypto tokens, getting $9M in profits. The on-chain analytics platform revealed this development in a recent X post. A whale has been long $BTC, $ETH, $SOL, $LTC, $XRP, $LINK and other 16 tokens in the past month, with a total profit of more than $9M.Additionally, this whale bought 309 $BTC ($24.68M) at an average price of $79,792, currently sitting on…

Bitcoin’s (BTC) rally is gaining momentum, with institutions stepping up their exposure to the leading cryptocurrency through Deribit’s BTC options market. “Panning out over just the last week shows a much bigger sign of institutional positioning on BTC,” Deribit said on X Friday, noting the bullish flows in the BTC options. The exchange has seen robust buying of call options at the $110,000 strike expiring in June and July and calendar spreads involving a long position in the $140,000 strike call expiring at the end of September and a short position in the $170,000 strike call expiring at the end…

With cash use shrinking and digital payments on the rise, the European Central Bank thinks a digital euro might be needed to keep public money in play. As Europe swipes, taps, and clicks its way through daily life, the European Central Bank says old-school cash can’t keep up, and a digital euro might be the answer. In a speech at the France Payments Forum event, ECB executive board member Piero Cipollone publicly acknowledged that “in the digital age, cash alone cannot do the job.” Cipollone explained that while cash will remain available, its use has fallen as consumers increasingly turn…

⚈ Bitcoin’s climb above $110,000 could cost short sellers around $1.19 billion.⚈ BTC’s open interest is at a 3-month high, signaling strong speculative activity.⚈ Short sellers have already lost $2.17 billion as Bitcoin surpassed the $100,000 milestone. Bitcoin’s (BTC) rally above the psychologically crucial $100,000 mark has put a large amount of short positions at risk — particularly if the leading digital currency goes on to surpass $110,000. To be more exact, short sellers stand to lose roughly $1.19 billion should the price of Bitcoin reach levels above $110,000, per data retrieved by Finbold on May 9 from cryptocurrency market…

Asset manager Franklin Templeton has secured approval from the Monetary Authority of Singapore to launch its tokenized Franklin OnChain US Dollar Short-Term Money Market Fund. With the move, it became the first tokenized fund open to all investors in Singapore. According to reports, the fund is similar to the Luxembourg-registered Franklin Templeton money market fund, which exposes investors to short-term securities and government money market instruments. That fund currently has $1.76 billion in total net assets, with the net asset value (NAV) being $9.81. A breakdown of its portfolio also shows that most of its investments (52%) are allocated to…

Fartcoin ($FART) has recorded a remarkable price rise over the past couple of months. However, as per the well-known crypto analyst Ali, amid Fartcoin’s staggering 550% surge over 2 months, TD Sequential Indicator signifies an impending profit-taking. The crypto analyst took to social media to share insights into the current overview of Fartcoin (FART) in the crypto market. The TD Sequential (Tom DeMark Sequential) is a technical analysis indicator designed to identify potential trend reversals and time market entries and exits. It was developed by Tom DeMark, a well-known technical analyst. #Fartcoin is up 550% over the past two months,…

Recent Bitcoin price movements have revived long-term forecasts, as Muneeb Ali, the founder of Bitcoin Layer 2 platform Starks, says another 10x rise is inevitable. While short-term volatility has remained, Ali’s projection has drawn attention due to Bitcoin’s historical trajectory and its continued expansion in market value. His statement arrives during a period of renewed optimism, following a notable climb in Bitcoin’s price earlier in the week. Bitcoin Climbs Above $104K Before Daily Pullback Beginning May 6, Bitcoin registered a sharp upward trend. It advanced from around $93,000 to exceed $104,000 by May 8, showcasing solid momentum over a short…

The shares of cryptocurrency exchange Coinbase have plunged by more than 6% after the company disclosed a hack earlier today in an 8-K filing. As reported by U.Today, Coinbase has revealed that its internal documents and customer account data had been stolen by threat actors. They demanded that the exchange shell out $20 million in order to sweep the damning security incident under the rug. However, Coinbase refused to pay the extortionists, choosing to disclose the security incident. The data was stolen with the help of rogue overseas employees who had access to the exchange’s data. Coinbase CSO Philip Martin…