Author: NBTC
Pudgy Penguins launched three years ago as a set of 8,888 NFTs featuring the colorful and funny birds. Now, the team behind the project has announced that they will issue a token called PENGU on the Solana blockchain this year. 23.5% of the 88 billion PENGU tokens will be reserved for owners of the project’s NFT collections, such as Pudgy Penguins, Lil Pudgys, Pudgy Rods, and more. Another 22.02% will be available to the Solana and Ethereum communities, and 12.32% will be reserved to provide liquidity on decentralized exchanges. Pudgy is among the rare collections that have managed to retain…
Ethereum Realized Cap, which faced a notable downturn between August and November, has hit a new all-time high of $243.45 billion, according to Glassnode data. This development comes amid ETH’s price rally to $3,800. Based on historical data, the rise in Realized Cap is a sign of a bullish trend. Hence, this milestone could spell trouble for traders who are bearish about Ethereum’s price action. Ethereum Remains Undervalued Amid Latest Milestone Ethereum’s Realized Cap — a key on-chain indicator — has shown a notable increase, hinting at a potential for significant price appreciation. The metric, which considers the price at…
Woori Technology, a long-time shareholder in Dunamu, parent company of crypto exchange Upbit, plans to exit after nine years, following a failed coup in South Korea. Woori Technology Investment, a South Korean venture capital firm, is reportedly planning to sell its nine-year stake in Dunamu, the parent company of crypto exchange Upbit, local media outlet Bloter has learned. While the exact sale price has not been disclosed, discussions suggest it could exceed the current market value of shares traded on the over-the-counter market, with an expected return of around 100 times or more. The sale is expected to be conducted…
Chris Larsen, co-founder of Ripple Labs, has donated $10 million in XRP to support Vice President Kamala Harris’s 2024 election campaign through the Future Forward super PAC. This move has drawn mixed reactions from the crypto community. On Monday, Larsen announced his latest donation via a post on X, emphasizing the need for Democrats to adopt a “new approach to tech innovation, including crypto.” He expressed confidence that Harris would ensure American technology remains a global leader. This latest donation builds on Larsen’s previous support for Harris; he donated $1 million in XRP back in August. It’s time for the…
Stuart Alderoty, Ripple’s chief legal officer (CLO), has taken to X to share his thoughts about a recent appointment by the incoming U.S. government. The appointment refers to David Sacks as the new “White House A.I. and Crypto Czar.” Pro-business shift in U.S. crypto leadership Alderoty expressed enthusiasm for the appointment of David Sacks, noting he would bring fresh perspectives to the sector as a pro-business and pro-innovation individual. Sacks, a prominent venture capitalist and entrepreneur, has been a vocal advocate of a balanced regulatory climate for tech and crypto industries. His appointment is thus seen as a shift toward…
SnapX has announced a strategic partnership with Ave.ai, a leading Web3 trading app. This collaboration was shared on SnapX’s official X account. Ave.ai is known for its innovative approach to trading, designed to help users trade faster and smarter. The goal of partnership is to make SnapX better for the users by making the platform offer more tools and features. 🤝 SnapX x https://t.co/tORBwfnrVI Join Forces 💪We’re excited to partner with @aveaiofficial, the ultimate Web3 trading app designed for degens to trade faster and smarter!🔥 Why https://t.co/tORBwfnrVI? 🔥✔️ Real-Time DEX Data✔️ Advanced Analytics✔️ AI Trading Signals✔️… pic.twitter.com/7pEJc1yrRq — SnapX (@snapx_co)…
According to blockchain analytics platform Arkham Intelligence, an ancient Bitcoin whale dating back all the way to 2009 has just sent $630,000 to the Kraken exchange. The whale in question mined their BTC just a month after the very first Bitcoin block was created on Jan. 13, 2009. Notably, the address has now moved nearly $5.5 million worth of Bitcoin within just two months. After these hefty transfers, the address continues to hold $75.23 million worth of Bitcoin. The previous transfer made by the whale took place on Oct. 7. Notably, it was roughly the same in size. The recent…
Ethereum (ETH), the second largest cryptocurrency by market capitalization, has completed its first golden cross of 2024. A golden cross happens when a cryptocurrency’s short-term moving average, usually the 50-day simple moving average (SMA), rises above its long-term moving average, usually the 200-day SMA. Ethereum’s 50-day moving average crossed above its 200-day moving average, confirming the golden cross pattern. This pattern is typically considered a bullish indicator, suggesting that the asset’s price could experience significant upward momentum. Historically, Ethereum’s previous golden crosses have often led to notable rallies. The last time Ethereum saw a golden cross was in November 2023,…
Bank of Korea Governor Rhee Chang-yong believes the central bank is unlikely to lower interest rates because of the country’s recent political turmoil. He said the chaos caused by President Yoon Suk Yeol’s move to impose martial law on the country had little implications for South Korea’s economy. In an interview on Bloomberg TV, Rhee Chang-yong stated that the political event was “short-lived ” and that he didn’t see it as reason enough to change South Korea’s economic stance. “I think we can focus on the economy’s strengths and the weaknesses of the economy rather than political side effects,” Chang-yong…
The “Uptober” is coming to an end while bringing some indicators that suggest a bull market could be starting. In this scenario, Ripple sold over $100 million of 200 million XRP amid a shy recovery of the token’s price while disclosing a $10 million donation to Kamala Harris. On October 21, Ripple spent all the 200 million XRP reserved in its treasury account for this month’s sales. The amount was sent to the unknown address ‘rP4X2hTa7A7udDbE6wczXvPz7XZ63sKxv3,’ which is Ripple’s usual destination for its monthly transactions. While Ripple has not disclosed this sale, in particular, the company has already disclosed its…