Author: NBTC

Automated Market Makers (AMMs) have experienced an “extreme” increase in volume. On Oct. 27, XRPL recorded a total of $3.9 million in AMM volume, which is a new record high. The massive spike in volume was caused by a flood of meme cryptocurrencies. A slew of micro-cap coins recently came out on XRPL following the launch of First Ledger, which is a “meme coin factory” that is similar to Solana’s extremely successful Pump.fun platform. The vast majority of them are basically worthless. As of now, the DROP meme coin is the lead with a market cap of just $6.92 million.…

Unibase AI is thrilled to announce its partnership with aelf blockchain. This strategic collaboration aims to bring scalable AI solutions to the forefront. It is done by leveraging the sophisticated, multi-layered architecture of aelf blockchain and its efficient use of the C programming language. Unibase is an AI-powered blockchain solutions provider while the aelf blockchain is a cutting-edge AI-enhanced Layer 1 blockchain network. @Unibase_AI is excited to partner with @aelfblockchain.@aelfblockchain : an AI-enhanced Layer 1 blockchain network, leverages the robust C# programming language for efficiency and scalability across its sophisticated multi-layered architecture.Get ready for more innovations… pic.twitter.com/sj6LwCHdUr — Unibase (@Unibase_AI)…

Bitcoin price holding gains above the $67,000 resistance zone. BTC is now consolidating and aiming for more gains above the $68,350 resistance. Bitcoin remained stable and extended gains above the $67,500 zone. The price is trading above $67,400 and the 100 hourly Simple moving average. There is a key bullish trend line forming with support at $67,400 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could rally further if there is a close above the $68,200 resistance zone. Bitcoin Price Eyes More Upsides Bitcoin price remained supported above the $67,000 pivot zone. BTC remained…

As Trump’s crypto-positive cabinet takes shape, the U.S. might be on track for a potential revolution in the decentralized finance space, analysts at Matrixport anticipate. Donald Trump‘s prospective nominees for the U.S. Treasury, Commerce, and potentially the Securities and Exchange Commission are viewed as crypto-friendly leaders who, if appointed, could transform financial policy and align the country more closely with the rapidly evolving crypto sector, according to analysts at Matrixport. In a recent analytical report, the analysts expressed a belief that the narrative of 2024 — Bitcoin (BTC) as digital gold — could evolve “into a defi renaissance,” with traditional…

One of the most recognizable indices tracking public companies in the US, the Nasdaq-100, will perform its eligibility snapshot today. Nasdaq’s committee will use trading data through 4pm today in New York to evaluate companies looking to enter the index during its annual rebalancing event, including Michael Saylor’s bitcoin acquisition company, MicroStrategy (MSTR). Today is a significant event for MicroStrategy’s ravenous community of leveraged bitcoin investors who have encouraged the company to gobble up nearly 3% of bitcoin’s supply. At press time, they seem to be doing everything they can to help; MSTR is trading over 6% higher today with…

The daily gainers are showing impressive numbers. Leading the pack is $PROM, up by 42.6%, reflecting strong market interest and positive sentiment around the project on various centralized exchanges, according to Phoenix, a crypto media outlet. DAILY GAINERS$PROM +42.6% $OLAS +26.2% $WELL +19.0% $WING +16.1% $DNT +11.3% $IRL +10.6% $RAD +10.1% $GNO +9.9% $CVP +8.3% $NOS +7.8%#dailygainers pic.twitter.com/MAzEKbTrP9 — PHOENIX – Crypto News & Analytics (@pnxgrp) October 26, 2024 $OLAS Jumps 26.2% on Bullish Investor Sentiment, 2nd to $PROM Next in line is $OLAS that has risen by 26.2%. Currently, investors are bullish on the latest advancements and seeing it…

Nichome, an upcoming platform designed to foster participation in the Neo X ecosystem, has announced a new partnership with Supernova Shards, a multiplayer space simulator. This collaboration is planned to integrate Supernova Shards’ gaming experience into Nichome’s gamified rewards platform, expanding the opportunities for users to earn X Credits. Nichome’s gamified rewards model The Nichome platform is designed to incentivize user engagement by rewarding ecosystem participation with X Credits, which can be used to unlock Treasure Chests. Users stake GAS to obtain these Chests and must collect enough X Credits to acquire a KEY to unlock them. This approach combines…

Wall Street titan Morgan Stanley has significantly ramped up its exposure to Bitcoin, with its Bitcoin ETF holdings now exceeding $272.1 million. This marks just over two months since the investment powerhouse began providing its clients with indirect exposure to Bitcoin via ETFs. Currently, these holdings represent 0.02% of the firm’s overall $1.2 trillion in assets under management. Morgan Stanley urges CIOs to invest in Bitcoin mining stocks Just recently, Morgan Stanley empowered thousands of its financial advisers to offer eligible clients the opportunity to invest in spot Bitcoin ETFs. This followed the SEC’s approval of spot Bitcoin ETFs earlier…

Orbs, through its collaboration with THENA, is riding a wave of success after achieving a remarkable milestone. The partnership has propelled THENA into the spotlight and resulted in its recent listing on Binance. This marks a pivotal achievement in THENA’s journey. It also showcases the Orbs’ strategic investment and technological integration. Orbs is a leading Layer-3 blockchain infrastructure provider while THENA is a DeFi protocol built on the BNB chain. Orbs Drives Innovation in DeFi Infrastructure Orbs has played a central role in elevating THENA’s ecosystem by integrating its advanced suite of Layer-3 solutions. Tools such as dTWAP, dLIMIT, Liquidity…

Bitwise’s rebranding of GXRP shows its plans to grow in Europe and compete in the rising global market for crypto ETPs. Ripple backs GXRP as XRP’s role in cross-border transfers and DeFi grows, fueling more interest in crypto investment products. With new crypto offerings like the Aptos Staking ETP and a U.S. XRP ETF filing, Bitwise is positioning itself as a market leader. Bitwise announced on X that it is introducing Bitwise’s updated XRP exchange-traded product, now called GXRP. GXRP was introduced in 2022, adheres to German regulatory standards, and is entirely supported by actual assets. Bitwise’s rebranding shows its…