Author: NBTC

Orderly Network has introduced its perps omnichain orderbook on Solana. By doing this, the network aims to bring a groundbreaking solution to decentralized finance (DeFi) trading. With this integration, Solana users can now seamlessly trade across more than 30 decentralized exchanges (DEXs). The users can also access 73 trading perpetuals without limitations. It marks a significant step in unifying EVM and non-EVM ecosystems. The Solana launch is a pioneering milestone in DeFi. It combines EVM and non-EVM orders into one unified perps orderbook. Orderly Network’s innovation allows users to trade directly across chains without requiring traditional bridging or wrapping. This…

Will a supply surge within a rising channel push Ethereum’s price below $3,600 as the crypto market experiences a momentum drop? With a sudden shift in intraday sentiment, Ethereum is edging closer to the $3,600 support level. After a 2.41% decline in the past 24 hours, Ethereum’s market cap has fallen to $435 billion. As Bitcoin tests the $95,000 support, will the sudden loss of momentum in the crypto market drag Ethereum below $3,600? Let’s find out. Ethereum Warns Channel Breakdown On the 4-hour chart, Ethereum’s price action shows a rising channel pattern. Currently, the price trend reveals a bullish…

The Tron blockchain network has experienced a significant increase in energy availability over the last three months. This increase allows more smart contract transactions without congestion cost spikes. Energy on the Tron network is essential for executing these transactions. IntoTheBlock reports that the amount of energy has recently doubled. This rise suggests the network can handle more smart contract activities. More energy helps maintain transaction costs even during periods of high demand. Tron users need energy to perform actions like executing smart contracts and interacting with decentralized apps. The amount of Energy on the @trondao network has doubled in the…

DMM Bitcoin, a Japanese crypto exchange is shutting down its operations according to a recent report by Nikkei Asia. The exchange was unable to recover from a massive fraud incident that occurred earlier in May, 2024, resulting in the loss of 48.2 billion yen. The overall losses of this exchange are equivalent to $321 million. DMM Bitcoin has now confirmed its liquidation and transfer of customer assets to SBI VC Trade by March, 2025. SBI VC Trade is a subsidiary of the SBI group. With this acquisition, SBI is anticipating a trouble-free transition for the existing users of DMM Bitcoin.…

Bitcoin dominance reaches a new cycle high of 58.91%, a level last seen in April 2021. A major factor in rising bitcoin dominance is ether’s relative underperformance. The cryptocurrency market as a whole continued moving higher on Wednesday, led by bitcoin (BTC), which extended its week-over-week gain to more than 12%, rising above $68,000 for the first time since late July. The broad market gauge CoinDesk 20 Index was higher by just 9% over the same time frame. Bitcoin’s “dominance,” i.e. its share of the total cryptocurrency market capitalization, has now jumped to 58.91% from 57.13% at the start of…

Libeara, a tokenization platform developed by SC Ventures, Standard Chartered Bank’s fintech innovation and investment arm., plans to launch a US dollar tokenized money market fund in Singapore. The head of business development at Libeara, Alexandre Deschatres, reportedly disclosed this in an interview with Hong Kong newspaper Xin Bao. According to the reports, the tokenization platform will launch the fund on Ethereum in partnership with FundBridge Capital, a licensed fund manager in Singapore, and Wellington Asset Management in the US. Deschartres stated that the fund will launch on the Ethereum mainnet, and they will first evaluate the liquidity of US…

Shiba Inu (SHIB) has many battles to fight to keep up its promising outlook. Shiba Inu whales have stepped up in the ongoing fight against sell-offs from some HODLers. The large transaction count on the network has skyrocketed, a show of renewed interest among the heavy lifters. Shiba Inu whales onto something big Per data from crypto data analytics platform IntoTheBlock, Shiba Inu’s large transactions skyrocketed by more than 41% in 24 hours, with a total of $29.74 million shuffled. This whale transaction metric is pivotal to measuring the meme coin’s health. Zooming into the trend, 91 related transactions were…

Binance has announced its support for the Wise Monkey (MONKY) airdrop, which will reward FLOKI (FLOKI) and ApeCoin (APE) holders with MONKY tokens. Binance to Support Wise Monkey (MONKY) Airdrop for FLOKI and APE Holders Airdrop Details and Eligibility Snapshot Dates: APE: November 29, 2024, 03:00 FLOKI: December 15, 2024, 03:00 Airdrop Rates: FLOKI Owners: 1 FLOKI = 0.35 MONKY APE Owners: 1 APE = 804,828 MONKY Eligibility Criteria: FLOKI and APE balances below 1 (including trade orders) will not be eligible for airdrop. Tokens that are waiting to be deposited or withdrawn at the time of the snapshot will…

Crypto investors are over the moon as Bitcoin’s price is seemingly going toward a new record high after months of consolidation. Yet, there’s still one last resistance level that should be broken. Technical Analysis By Edris Derakhshi (TradingRage) The Daily Chart On the daily chart, the asset has been rallying aggressively after breaking above the 200-day moving, located around the $64K level. Currently, the market is testing the key $69K resistance level, the sellers’ last resort, as a breakout would lead to a new all-time high and a potentially long-term rally for Bitcoin. Yet, investors should be cautious, as the…

The latest data from Phoenix Group highlights the leading decentralized finance (DeFi) projects contributing to Ethereum’s token burn over the past 30 days. The findings underscore the consistent activity of top-tier platforms in driving network utility and value. TOP #ETHEREUM BURNER #DEFI PROJECTS IN THE LAST MONTH#Uniswap $UNI #Metamask #1Inch #0xProtocol $ZRX #GnosisChain #Paraswap #Aave $AAVE #KyberSwap #Pendle #Chainlink $LINK pic.twitter.com/s4xdEDziUc — PHOENIX – Crypto News & Analytics (@pnxgrp) December 1, 2024 Uniswap continues to dominate Ethereum burn metrics, recording a burn of 6,591.3 $ETH over the month. This activity corresponds to a substantial $24.3 million value, reflecting its strong…