Author: NBTC

Governments worldwide hold 2.6% of Bitcoin’s (BTC) circulating supply, totaling 471,380.6 BTC worth $32.7 billion as of July 29, 2024. As reported by CoinGecko, the United States leads with 213,297 BTC ($14.82 billion), mostly seized from criminal activities like the Silk Road shutdown. China follows with 190,000 BTC ($13.20 billion), primarily from the PlusToken Ponzi scheme. The UK ranks third, holding 61,000 BTC ($4.24 billion) from a money laundering operation. El Salvador, the first country to adopt Bitcoin as legal tender, actively purchases 1 BTC daily, accumulating 5,800 BTC ($0.40 billion). Ukraine has received 1,336.4 BTC in donations for war…

Solana meme coin Gigachad (GIGA) is up 21.2% on the day after the model behind the meme endorsed the project on his Instagram. Shortly after, famous bodybuilder Mike ‘Titan’ O’Hearn also pushed the project. Ernest Khalimov (known as Berlin 1969 on Instagram) is the model behind the famous gigachad meme. He is one of many models photographed by Russian artist Krista Sudmalis for her “Sleek n Tears” project. When Khalimov had his hyper-muscular figure and chiseled face photographed, the internet went crazy, touting him as the ‘gigachad’—in reference to the internet term “chad,” which describes an alpha male figure. Start…

OKX to Support EOS Mainnet Upgrade on September 25, 2024 OKX has announced its support for the upcoming EOS (EOS) mainnet upgrade. As part of this process, the exchange will temporarily suspend deposits and withdrawals of EOS tokens and all tokens on the EOS network starting at 16:00 on September 25, 2024. Services will resume without further notice once the upgraded network is confirmed to be stable. Key Details: Deposits and Withdrawals: Suspended as of 16:00 on September 25, 2024. Trading Services: EOS token trading, including spot, margin, and derivatives, will continue uninterrupted throughout the upgrade. User Actions: Users who…

In a recent episode of “The Wolf of All Streets” podcast, host Scott Melker had an in-depth conversation with macro strategist Lyn Alden, touching on a variety of economic issues, the role of Bitcoin, and the future of the financial system. A significant portion of the conversation revolved around the Federal Reserve’s interest rate policy. Alden explained that while the Fed’s mandate is to balance maximum employment with price stability, recent economic data suggests that some minor cuts in interest rates might be warranted later this year or next year. She noted that the current economic environment, with rising unemployment…

Toncoin (TON) has soared more than 13% in the past 24 hours as another major exchange announced the listing of the TON token. Significant upside pressure surfaced after news that the world’s largest crypto exchange Binance would list TON. The announcement has now been followed by another major listing announcement by BtcTurk, the largest crypto exchange in Turkey. According to data from CoinMarketCap, Toncoin currently leads the top 100 coins by market cap in terms of 24-hour gains. The 13% upside is more than the double-digit gains for ThorChain (RUNE), Helium (HNT), Notcoin (NOT) and Fantom (FTM). Other notable gainers…

Arthur Hayes has recently made waves in the cryptocurrency market with significant withdrawals from exchanges. Just a few hours ago, he transferred 30.89 million $ATH from Bybit to his wallet (0xa86). The worth of these tokens is approximately $1.92 million, according to Spot On Chain. This marks his largest single accumulation of $ATH to date, raising eyebrows in the crypto community. Earlier, he sold his $PENDLE and now his recent transactions mean that he is replacing $PENDLE with $ATH. Another 30.89M $ATH ($1.92M) was withdrawn from Bybit to Arthur Hayes’ wallet 0xa86 ~25 minutes ago.Notably, this is his largest single…

Long-term Bitcoin holders selling in March and April caused a significant supply dip. Bitcoin’s descending broadening wedge pattern signals a potential dramatic price rise. Analyst Jelle predicts a major Bitcoin breakout due to strong ETF accumulation. Bitcoin has recently experienced a significant drop, with its current trading price at $66,568. This decline is partly due to many investors selling their Bitcoin to capitalize on rising values, resulting in a noticeable dip. However, skepticism in the market is growing, and many investors doubt Bitcoin’s potential for a bull run, with some even lowering their expectations. Long Term Holders Selling BTC According…

A market participant might need much fewer Shiba Inu tokens to become a millionaire in USD if SHIB eventually reaches the 1 cent dream. The Shiba Inu success story remains one of the best representations of the cryptocurrency market’s ability to transform pennies into fortunes. According to a CoinGecko report, SHIB’s meteoric surge from 2020 to 2021 turned a $12 investment into $1 million in less than two years. Shiba Inu Investors Continue to Hold This impressive success has played a role in sustaining the optimism around Shiba Inu. Of the total 1.35 million addresses holding SHIB, data from IntoTheBlock…

INX and Backed are adding tokenized Tesla, Microsoft, Google, and GameStop stocks to their platform. INX will launch its first tokenized ETF, the S&P 500 ETF, along with tokenized Apple stock in two weeks. INX and Backed are expanding their tokenized stock offerings on the INX platform for eligible non-US users. Following the launch of tokenized Nvidia shares, the companies are adding tokenized Tesla (bTSLA), Microsoft (bMSFT), Google (bGOOGL), and GameStop (bGME) stocks. Moreover, INX will launch its first tokenized ETF, the S&P 500 ETF (bCSPX), along with tokenized Apple (bAAPL) and BlackRock’s iShares Treasury (bIB01) ETF in two weeks.…

Bitcoin (BTC) briefly crossed the $70,000 mark on Monday morning before dumping to $66,000, but analysts at the crypto exchange Bitfinex say the leading digital asset may pull back even more in the coming days. According to the latest Bitfinex Alpha report, bitcoin’s possible decline may be caused by significant downward pressure on implied volatility in the options market. The State of Bitcoin’s Options Market After United States President Joe Biden dropped out of the 2024 presidential race a week ago, volatility returned to the crypto market, with implied volatility in BTC options contracts surging to a four-month high of…