Author: NBTC
Ethereum (ETH) is currently in a period of price consolidation, which hints at a possible breakout. According to an analysis by the analytic firm CryptoBusy, on-chain data shows that World Liberty Financial (WLFI), backed by Donald Trump, has increased its ETH holdings. The entity added 3,191 ETH, valued at approximately $10 million, increasing its total holdings to 62,789 ETH. This accumulation happened during a decline in ETH’s price, which suggests potential strategic positioning. $ETH’s move is a calm before the storm!@realDonaldTrump backed World Liberty Financial $WLFI added another 3,191 $ETH 💰 worth around $10M to its holdings.It currently holds 62,789…
Cryptocurrency analyst and trader Ali Martinez has taken to his account on the X social media giant to share with the community that a huge lump of 100 million XRP coins has changed hands over the past two days. 100 million XRP on the move The analyst shared a chart produced by the popular on-chain data aggregator Santiment which revealed that cryptocurrency whales have begun a massive buying spree on the market. During the past two days, they have accumulated an astounding 100,000,000 XRP. Those were large wallets, holding between 1,000,000 and 10,000,000 XRP each. At the current exchange rate,…
Earlier today, Coinbase executives Jesse Pollak and Paul Grewal took to X (formerly Twitter) to address one of the subjects that have brought major backlash on the exchange — the perceived arbitrariness of its token listing criteria. According to their X posts, both executives are aware of the frustrations builders feel with being unable to list on the exchange. They also implied that they are working on a plan to make things better, which they promised to share in a meeting that is expected to hold on Thursday over X. Coinbase is North America’s leading crypto exchange, but it has…
Elon Musk is reportedly considering Movement Blockchain as a potential platform for his DOGE initiative, which aims to leverage blockchain technology for enhanced transparency and cost reduction in government operations. A Bloomberg report released on Sunday revealed that Musk has discussed using blockchain to track federal spending, secure data, streamline payments, and manage government-owned infrastructure. A post on X released earlier today by db, tier10k, highlighted that Movement Blockchain is among the firms currently in discussions with Musk’s DOGE team to explore blockchain solutions. Movement Blockchain is a Layer 2 solution on Ethereum, utilizing zero-knowledge (ZK) rollup technology to enhance…
Bitcoin’s price (BTC) is making significant gains on Tuesday, January 14, 2025, adding over $2,000 to its value. However, Monday saw the market shaken, with the price briefly dropping to a two-month low below the critical $90,000 psychological level. In this article, I review what triggered the sudden drop, why the Bitcoin price is going up today, and how to interpret the bullish pin bar above the 50-day exponential moving average—a potentially strong buy signal. On Tuesday, Bitcoin is trading above $97,000 on Binance, marking its highest value in a week. The cryptocurrency is currently up 2.7%, with altcoins following…
While Ethereum’s upgrades are progressing toward long-term blockchain adoption, they lack the immediate impact needed to drive bullish sentiment in the market, analysts note. Ethereum (ETH) has been struggling to keep up with Bitcoin (BTC) since the Merge in 2022, failing to spark the bullish moves many had hoped for, analysts say. In a recent research note, Singapore-based blockchain firm Matrixport pointed out that most Ethereum upgrades have had little effect on ETH price. Instead of creating instant market changes, these upgrades seem to be part of a long-term strategy for wider blockchain adoption. “These upgrades appear to serve as…
Binance has announced that it is supporting the upcoming network upgrade and hard fork of Cardano, which is set to take place tomorrow, on Jan. 29, 2025, at around 21:45 UTC. In order to do this smoothly, Binance will halt deposits and withdrawals of Cardano (ADA) tokens on the same day beginning from 20:45 UTC. Binance announced that trading for ADA tokens will not be suspended during the upgrade process. All technical requirements of the upgrade will be completed by Binance so that users can upgrade seamlessly. This upgrade is intended to improve the functionality of the Cardano network, and Binance’s support demonstrates its…
Securitize, an asset tokenization platform, has launched a blockchain interoperability solution with Wormhole to enable cross-network transfers for institutional tokenized funds. Tokenization Platform Securitize Deploys Wormhole for Multichain Fund Management The integration allows funds tokenized on Securitize’s platform to move seamlessly across Arbitrum, Avalanche, Ethereum, Optimism’s OP Mainnet, and Polygon. Securitize states that Wormhole, which has facilitated over $55 billion in cross-chain transactions since 2020, will serve as the exclusive interoperability layer for Securitize’s clients, including Blackrock, KKR, and Hamilton Lane. Blackrock’s USD Institutional Digital Liquidity Fund (BUIDL), launched in March 2024, reported $642 million in assets under management (AUM)…
Syria’s economy is in a bad state, to put it very mildly. Not only has the Middle Eastern nation been battered by over a decade of war, the Assad regime, which has been in power since 1971, has now been overthrown by a jihadist group. The conflict, which began in 2011, has devastated infrastructure, displaced millions, and led to economic sanctions from Western nations. These factors have crippled the local economy and trade, leading to severe inflation. The Syrian pound (SYP), which was once relatively stable, has lost over 99% of its value since the war began whilst hyperinflation has…
Ethereum’s circulating supply has surged over the past week, reaching levels not seen since February 2023. On-chain data reveals that 12,353 ETH valued above $39 million have been added to circulation over the past seven days. This comes amid a drop in the network’s demand, which has impacted ETH’s performance. Ethereum Faces Inflationary Pressure as Circulating Supply Spikes Ethereum’s circulating supply, which measures the number of coins or tokens currently available to the public, has rocketed by an additional 12,353 ETH in the past seven days. This brings the coin’s total circulating supply to 120.51 million ETH, a high last…