Author: NBTC
The market for Bitcoin recently indicated that a reversal is imminent, which has sparked speculation that the one-year cycle may soon end. In the past, Bitcoin has generally followed a predictable pattern; however, the way the market is acting right now points to a possible break from this pattern. The price of Bitcoin has been testing significant resistance in the last few days, and the accompanying chart indicates that this level is almost at the top of the cryptocurrency’s long-term declining channel at $66,000. This level has frequently served as a ceiling for Bitcoin, as it has never been able…
The crypto and decentralized finance sectors have been growing at an impressive rate over the past month. According to data provided by Defi Llama, the DeFi total value locked increased by roughly $47 billion over the last 30 days, reaching a 31-month high of $134.7 billion — this level was last seen in May 2022. DeFi TVL | Source: Defi Llama Moreover, the DeFi daily trading volume is currently sitting at $16 billion. The leading DeFi and liquid staking protocol, Lido, saw its TVL surpass the $36 billion mark after a 50% surge in 30 days. AAVE, the top lending…
President-elect Donald Trump’s transition team is weighing in on a number of SEC Chair candidates and may reveal their choice “as soon as tomorrow,” according to FOX Business journalist Eleanor Terrett, citing sources with knowledge of the matter. Who will be Trump’s SEC chair, according to Kalshi? Traders on Kalshi are favoring Paul Atkins, a former SEC commissioner, as the top candidate for the SEC Chair role in Donald Trump’s second term. Support for Atkins has grown following his interview with Trump’s transition team. Leading the poll with a 70% probability of appointment, Paul Atkins is ahead of Brian Brooks,…
When we think of altcoins like XRP and their sudden price bursts, the first thing that comes to mind is South Korea, which has a reputation for heavily engaging with alternative coins. While Korean investors have contributed to XRP’s impressive 30-day price surge of over 400% to $2.60, they’re not the only game in town. The stateside investors have been hyperactive through the Nasdaq-listed Coinbase exchange. The XRP/USD pair on Coinbase has been consistently pricier than Binance’s XRP/USDT pair in the past 30 days, with minute-level premiums ranging from 3% to 13%, according to data from analytics firm CryptoQuant. It’s…
The primary cryptocurrency is on the run again, having surged by another two and a half grand in the past hour or so to a multi-month peak of almost $68,000. This has fueled the speculation that the asset has finally materialized on the previous assumptions that October will be a highly bullish month. CryptoPotato reported earlier today that the largest digital asset had charted some impressive gains by soaring to $66,500, which was a three-week peak at the time. After a minor stagnation and a brief correction, the bulls seem back in charge as the asset broke out of the…
In a recent announcement on X (formerly Twitter), zkLink, a pioneering multi-chain asset trading project leveraging zero-knowledge proof technology, has declared a six-month delay in the token unlock schedule for its private round investors, team members, and advisors. The new unlock date is set for April 22, 2025, moving from the originally planned October 22, 2024. Notably, this delay does not impact CoinList sale participants, ecosystem tokens, or the community treasury. Introduction to zkLink and the Token Unlock What is zkLink? zkLink is an innovative multi-chain asset trading protocol that utilizes zero-knowledge proof (zk-proof) technology to ensure secure, private, and…
A judge has rejected Elon Musk’s $56 billion compensation package for a second time. This is despite Tesla shareholders voting to reinstate it in June. Judge Kathaleen McCormick blocked the plan, saying Tesla’s board of directors was pressured to accept the massive payment because of Musk’s influence. This package is now worth $101 billion, based on Tesla’s closing share price Monday. This is a record-breaking pay package for Musk as Tesla’s CEO. Musk is also known for being a Dogecoin (DOGE) advocate. Through a December 3rd, X post (formerly Twitter), Tesla said the court went against what most shareholders wanted.…
Alameda Research just transferred 72.6 million BitDAO (BIT) tokens—around $64.4 million—to Mirana Ventures. Alameda also got 10.335 million USDC and 28.4 million USDT from Mirana around 20 hours back. On-chain analysis platform PeckShield said the FTX liquidator also transferred 378,000 Raydium (RAY) tokens—around $1.99 million—to Binance. This could mean the liquidator is going to sell the tokens. BIT and RAY could both become volatile in the short term. #PeckShieldAlert #FTX Liquidator Main Wallet has transferred 378K $RAY (worth ~$1.99M) to #Binance pic.twitter.com/vmDFfiBpcr — PeckShieldAlert (@PeckShieldAlert) December 4, 2024 No one knows why these transfers happened, but BIT went up 5.31%…
As Bitcoin’s price continues to shoot upwards, traders betting on the asset to go down are feeling the pain. But so are those betting on the price going up. The biggest digital asset by market cap was fast closing in on $68,000 per coin earlier Tuesday amid a sudden spike, according to CoinGecko. However, the rise was short-lived, with the gains being completely erased. Bitcoin is now trading hands for just above $65,200, after hitting a daily high of $67,803 per data from CoinGecko. And on America’s biggest crypto exchange, Coinbase, Bitcoin landed less than $70 away from $68,000 per…
For the Crypto Art section, the announcement of the new NFT collection by Hackatao of stamps inspired by Sissi and Franz Joseph I of Austria cannot be missed. The project will be released on December 12 and has been developed in collaboration with Austrian Post for Crypto Stamp Art. Crypto Art and the NFT stamps by Hackatao inspired by Sissi and Franz Joseph I of Austria Crypto Art: the concept and the revelations of the new NFT stamps signed by Hackatao NFT sales on the rise in novembre Crypto Art and the NFT stamps by Hackatao inspired by Sissi and…