Author: NBTC
A massive new Bitcoin whale has emerged with a single transfer of a staggering 3,073 BTC. Blockchain data reveals that the transfer occurred between two wallets with no prior major activity, suggesting the emergence of a new large holder, or whale. Whale Alert reports that “3,073 BTC worth $297,533,192 transferred from unknown wallet to unknown new wallet.” 🚨 🚨 🚨 🚨 🚨 🚨 🚨 🚨 🚨 🚨 3,073 #BTC (297,533,192 USD) transferred from unknown wallet to unknown new wallethttps://t.co/N8I0rX8beA — Whale Alert (@whale_alert) November 24, 2024 The transaction has raised questions about whether this is the result of whale accumulation,…
This is a segment from the 0xResearch newsletter. To read full editions, subscribe. In 2017, investor John Pfeffer published “An (Institutional) Investor’s Take on Cryptoassets,” a seminal paper on long-term investments of crypto tokens. In retrospect, Pfeffer’s original thesis was way ahead of its time. It laid the formative groundwork for investor thinking around magic internet money, and made many prescient predictions that still hold up today. Pfeffer argued that the equilibrium long-term outcome would be one dominant crypto asset as a monetary store of value, with bitcoin as the likely candidate. He projected BTC’s market cap within a range…
United States President Joe Biden rejected Japan’s Nippon Steel takeover deal with US steel, sparking animosity with the Japanese government. Biden justified the rejection, citing national security and supply chain concerns. Trade Minister Yoji Muto, however, has labeled his decision ‘incomprehensible.’ The situation looks even worse between the two as the U.S. president’s staff revealed they had accidentally copied and pasted sections of a previous executive order on a Chinese crypto mining company on Nippon Steel’s directive. Title errors are adding to the growing tensions between the US and Japan U.S. President Joe Biden blocked Nippon’s takeover deal, despite concerns…
Decentralized Physical Infrastructure Networks (DePin) are transforming the tech by enabling decentralized projects in real-world infrastructure. Here’s what happened in the DePin sector recently: OpenLedger partners with io.net for AI development, Harvard Business School approved a case on Helium, and Peaq released an Ecosystem Report for November activities. OpenLedger Partners with Io.net Io.net, a DePIN GPU compute network, partnered with OpenLedger this week. OpenLedger is a data blockchain for AI, and it will use Io.net’s GPU resources to refine and train its AI models. These resources will also run support and hosting services for OpenLedger’s AI models, helping ensure their…
Rango Exchange, a prominent cross-chain interoperability entity, has effectively deployed advanced smart contracts across twenty-four blockchains. The upgraded smart contracts’ deployment without any downtime marks a landmark achievement for Rango Exchange in the case of blockchain integration. The platform disclosed this development on its official social media account. We’ve successfully deployed the new version of our smart contracts and migrated ~300 contracts across 24 blockchains—without any downtime for users. 🎉 More routes and enhanced functionality for everyone!Rango now supports all 7 message-passing systems:🔗 GMP by @axelar🔗… pic.twitter.com/JvpBvk8WNq — Rango (💙, 🔄) (@RangoExchange) January 5, 2025 Rango Exchange Effectively Deploys Upgraded…
Yes, you read the title correctly, and it does appears contradictory. As bitcoin (BTC) nears the $100,000 milestone – a clear sign of strength – the reality is that its actually quite vulnerable to potential negative news. That’s according to the “order book skew ratio,” which shows that buyers have surprisingly pulled back their firepower as prices near six digits. The ratio measures the number of people wanting to sell, or the ask side, relative to those on the buy or the bid side. The three-day moving average of the 1% skew, which measures the ask-bid imbalance within 1% of…
Ethereum’s price has pushed higher since the low on December 20th, but so far, the rally looks more like a corrective move. Currently, the price action doesn’t seem impulsive enough to confirm a strong upward trend, but this could change as the market develops. There are two main scenarios to consider moving forward. Scenario 1: Corrective Rally (B-Wave Correction) The first scenario involves a broader B-wave correction. The downward movement from December 6th to December 20th is seen as an ABC structure (Wave A), and the current move upwards could be part of Wave B, forming either as an ABC…
Vendors of exchange-traded funds are crafting lucrative deals to appeal to investors and drive them closer to the cryptocurrency craze. With several ETFs lined up for launch in 2025, each firm is trying to put its best foot forward to appear on top of the chain. In submissions made to the US Securities and Exchange Commission towards the end of 2024, very lucrative offers would excite investors. One of the unique proposals was an ETF from ProShares that would denote the S&P 500’s return in Bitcoin. Besides, funds managed by Strive Asset Management and REX Shares will enable convertible bonds…
Chainlink prices have exploded by over 36% to an almost two-year high, topping $26 during late trading on Dec. 2. LINK has more than doubled in price over the past month, climbing from below $11 in early November to today’s peak, which is the highest it has been since January 2022. Most of those gains have come in the past few hours. The asset had cooled a little to trade at just over $24 during the Tuesday morning Asian session, according to Coingecko. Chainlink Partners With 21X The pair announced a partnership between Chainlink and 21X, a Frankfurt-based fintech, to…
According to data from X on-chain data analytics platform, Lookonchain, the total stablecoins inflows on Ethereum and Solana over the past seven days have increased significantly. Lookonchain revealed that Ethereum received about $1.1 billion in inflows, while Solana received about $202 million, mostly from USDC and USDT. Ethereum network’s stablecoin netflows this week increased from last week’s outflows of over $63 million to the current $1.1 billion inflows. However, Solana’s inflows over the past seven days are still over $200 million lower than what it experienced the week before. Lookonchain data revealed that Solana recorded over $424 million in USDC…