Author: NBTC
Bitcoin whales are leveraging the recent stagnation in the crypto market to accumulate tokens from minor traders. As per the data from the on-chain analytics platform CryptoQuant, wallets possessed by institutional investors are pushing cumulative holdings above 3.9M $BTC. Whales continue to accumulate coins from impatient investors“Last week, institutional wallets that exclude miners and exchanges accumulated more than 67,000 coins in the 30-day window, surpassing more than 3.9 million $BTC.” – By @caueconomy Link 👇https://t.co/8ljlA5ViLP pic.twitter.com/56OhcO10Mp — CryptoQuant.com (@cryptoquant_com) October 15, 2024 $BTC Whales Continue Accumulation Despite the Current Market Volatility A CryptoQuant analyst “caueconomy” discussed the endeavors of the…
Yuga Labs has acquired web3 tokenization provider tokenproof. Through the integration, the blockchain hopes to drive crypto and NFT adoption. In a recent X post on Dec. 3, tokenproof founder and CEO, Fonz O, announced the web3 tokenization service’s integration into Yuga Labs. He stated that part of the tokenproof team will join Yuga Labs’ research and development division, The Workshop. “Thanks to our years of partnership, this transition will be seamless. I’m confident this is a fantastic outcome for everyone, and I’m excited to see our team succeed at Yuga Labs,” said Fonz O in his post. The tokenproof…
Sora Ventures has launched a $150 million fund aimed at advancing Bitcoin-focused treasury strategies among listed companies across Asia. The fund seeks to replicate the MicroStrategy model, leveraging Bitcoin as a primary reserve asset to optimize financial strategies and enhance stakeholder value. The fund will target companies listed on major stock exchanges in Japan, Hong Kong, Thailand, Taiwan, and South Korea, per the announcement. The first success of this strategy is evident in Metaplanet, a Tokyo Stock Exchange-listed firm, which partnered with Sora Ventures to implement the MicroStrategy model. The results were pronounced as Metaplanet’s stock surged over 1,000% in…
Market pundit Mickle cited comments from developer Matt Hamilton as arguments for why XRP could outshine Bitcoin in the future. In an interview on the Mr. M Podcast, Matt Hamilton, Senior Developer Advocate at Arbitrum and former Ripple developer, discussed why XRP may have a competitive edge over Bitcoin. Mickle recently shared a clip from this interview on X. Why XRP Could Outshine Bitcoin in the Future! pic.twitter.com/C6bhELDaok — mickle (@xrpmickle) October 20, 2024 Bitcoin Limited Despite Being a Pioneer Hamilton discussed XRP’s superior features in comparison to Bitcoin, focusing on its scalability, energy efficiency, and practical application in financial…
Key highlights: Chromia’s Asgard upgrade introduces Extensions to enhance blockchain capabilities, starting with real-time Oracle services. The Oracle Extension supports DeFi applications, including lending platforms and decentralized exchanges. Chromia plans to launch an AI Inference Extension in Q1 2025, enabling on-chain execution of AI models. Chromia unveils Oracle Extension and future AI capabilities Chromia, a Layer-1 relational blockchain platform, has announced the successful implementation of its Asgard mainnet upgrade. This milestone introduces Chromia Extensions, a modular framework that enhances the network’s ability to support decentralized finance (DeFi) and artificial intelligence (AI) applications. The first extension, a fully on-chain Oracle service,…
Bitcoin futures open interest on the CME exchange has hit an all-time high of 172,430 BTC ($11.6 billion). Over the past five trading days, CME bitcoin futures have seen an increase of 25,125 BTC, marking one of the highest recorded changes in recent years. Bitcoin (BTC) futures open interest (OI) on the Chicago Mercantile Exchange (CME) has hit a new all-time high of 172,430 BTC ($11.6 billion). On Tuesday, CoinDesk reported that cash-margin open interest reached a new all-time high, with CME accounting for 40% of the total. Open interest refers to the number of open or active futures contracts…
BRASILIA, Dec 2 (Reuters) – Brazil’s popular instant payment system Pix saw a 120.7% jump in the value of transactions recorded on Black Friday compared to the previous year, central bank data showed on Monday. The figures underscore the widespread adoption of the payment method and its growing use for payments between people and businesses (P2B), as well as the strength of the promotional period in Latin America’s largest economy. On Nov. 29, the central bank said, 130 billion reais ($21.60 billion) were transacted using Pix, up from 58.9 billion reais on Black Friday last year. Black Friday, the Friday…
Mantle Network, an Ethereum layer 2 solution, has adopted Chainlink’s Cross-Chain Interoperability Protocol (CCIP) to bolster its cross-chain capabilities, aiming to provide developers with a secure and reliable infrastructure to build dApps across multiple blockchains. CCIP promotes seamless and trustless transfer of data and value across various blockchain networks, allowing Mantle to connect with multiple blockchains efficiently. Interoperability is crucial for expanding the reach of dApps and enhancing user access to a broader range of services and liquidity. The integration allows builders to “create cutting-edge cross-chain applications and better advance the blockchain industry,” said Johann Eid, Chief Business Officer at…
The expected rise of Bitcoin toward the $70,000 price mark has slowed, influenced by a surge in social media chatter. According to data from Santiment, Bitcoin was on a promising trajectory but hit a roadblock after a spike in bullish sentiment from the crowd earlier this week. The sentiment-driven rally encountered resistance as market dynamics responded to the increased chatter about Bitcoin potentially reaching $70,000. The data from Santiment indicates that social media mentions of Bitcoin in the $50K to $59K range have frequently correlated with market bottoms. Conversely, mentions in the $70K to $79K range have often coincided with…
The long-awaited idea of a major economic stimulus from China has been refuted, according to Shehzad Qazi, Chief Operating Officer of China Beige Book. Speaking on CNBC’s Squawk Box, Qazi shared his views on China’s economic trajectory, the effects of former US President Donald Trump’s tariff threats and Beijing’s cautious fiscal approach, as outlined in the firm’s November report. The China Beige Book report shows year-over-year growth in revenue and profits for factories, particularly those that benefited from a preemptive surge in export orders ahead of potential U.S. tariffs. “Export orders have risen to levels not seen since COVID as…