Author: NBTC
In a notable transaction, an XRP whale moved a whopping 100 million XRP tokens. This movement sparked speculations on the transaction’s potential impact on Ripple’s native token price. Meanwhile, analysts continued to be optimistic on XRP price’s upcoming trajectory. XRP Whale Makes Big Move According to Whale Alert data, an XRP whale transferred 100 million tokens, valued at approximately $51.6 million, was transferred between unknown wallets. Since the movement was made between two wallets, the impact on the market is unknown. If the whale sold his holdings off the market, it wouldn’t have any impact. However, if the transaction was…
OKX has announced that it has expanded its USDC trading zone to support the growth of the USDC ecosystem and meet the diverse trading needs of its users. OKX to Add New USDC Trading Pairs on November 28 On November 28, 2024, between 20:00 and 21:00, the following USDC trading pairs will be launched on the platform: ARTY/USDC SPURS/USDC BIGTIME/USDC RSR/USDC ZEUS/USDC SCR/USDC KAIA/USDC MORPHO/USDC USD Coin (USDC) is a stable cryptocurrency pegged to the US dollar and operates on Ethereum, Stellar, Algorand, Solana, Tron and Hedera Hashgarph systems. USD Coin is managed by a consortium called Centre, which was…
Bitcoin could reach six figures sooner than expected, driven by surging institutional flows into exchange-traded funds (ETFs), economic instability, and the U.S. presidential election, according to the chief investment officer of asset management firm Bitwise. The executive highlights factors like growing GOP support for cryptocurrencies and inflation concerns pushing investors toward BTC. With regulatory clarity and supply constraints from the bitcoin halving, he predicts a rapid surge is imminent. Bitwise CIO Predicts Bitcoin’s Ascent Amid Market Shifts Matt Hougan, chief investment officer of asset management firm Bitwise, shared an updated outlook on bitcoin Friday on social media platform X, highlighting…
Magic Eden may want users to claim a token called TestME Tuesday using its digital wallet—but the NFT marketplace is encouraging degens to sit this one out. That’s because the TestME token, as the name implies, is intended to be a trial run and precursor to the Magic Eden Foundation’s governance token. That token, rebranded as ME earlier this year, has yet to be assigned a specific release date. The Magic Eden Foundation will release the bare-bones token on Tuesday as a way for its associated NFT marketplace to flex its technical muscles. Though the company is encouraging users to…
Binance, a leading cryptocurrency exchange, has announced the launch of several new spot trading pairs and trading bot services to enhance the trading experience of its users. Binance Expands Trading Options with New Spot Pairs and Trading Bots New Spot Trading Pairs November 28, 2024 at 11:00 APE/USDC BOME/EUR EIGEN/USDC HBAR/FDUSD BREAST/USDC TROY/USDC WLD/EUR November 29, 2024 at 11:00 1MBABYDOGE/USDC CETUS/USDC COW/USDC DYDX/USDC HMSTR/USDC TURBO/USDC Trading Bots Integration Binance will also enable Trading Bots for selected pairs, including Spot Algo Orders, Spot Grid, and Rebalancing Bots to assist users with automated and efficient trading strategies. November 28, 2024 at 11:00…
The European Investment Bank (EIB) has issued its fifth digital bond: a €100 million ($105.6 million) fixed-rate three-year bond that settles in a wholesale central bank digital currency (CBDC) as part of the ongoing CBDC trials across the European Union. EIB first issued a digital bond in 2021, tapping a public blockchain to register and settle the digital bond in a pilot that involved Banco Santander (NASDAQ: SAN), Societe Generale (NASDAQ: SCGLY), and Goldman Sachs (NASDAQ: GS). It has explored diverse features with each new issuance; the third bond, for instance, was deployed on a private blockchain network. The second…
OKX has announced a partnership with Forteus, a digital asset management firm, and Komainu, a regulated digital asset custody provider. This agreement enables Forteus to trade continuously on the OKX platform while its assets remain securely held in segregated custody with Komainu. Under the terms of the arrangement, Komainu will provide qualified custody services and cold storage for Forteus’s digital assets. The system allows for off-exchange settlement and mirrored balances, ensuring institutional traders can access OKX’s trading solutions without transferring assets between platforms. These services include the Liquid Marketplace, a network for spot OTC, futures spreads, and options liquidity. We’re…
As noted by Blockstream CEO Adam Back, Bitcoin’s 200-week moving average (MA) has surpassed the $40,000 level for the first time. #bitcoin 200wma crossed $40k today. pic.twitter.com/yXcXo1mGmW — Adam Back (@adam3us) October 19, 2024 The leading cryptocurrency is currently changing hands at $68,352. “Up only” The 200MA level has always been treated as the price floor for the largest cryptocurrency if one takes out volatility. In face, Bitcoin has never had a monthly close below the aforementioned level even during its most severe price corrections. It is worth noting that the flagship cryptocurrency did plunge below the 200 moving average…
The US dollar index (DXY) wavered ahead of the important Federal Reserve minutes, consumer confidence, GDP, and personal consumption expenditure (PCE) data. It was trading at $107.25 on Tuesday morning, a few points below the year-to-date high of $108.08. Federal Reserve minutes ahead The DXY index will react to the upcoming Fed minutes, which will provide more details about the last monetary policy meeting by the Fed. In it, the officials decided to cut interest rates by 0.25% as they continued their focus on the labour market. Since that meeting, the US has released mixed economic data that will have…
A closely followed crypto analyst is warning that Bitcoin (BTC) is not cleared for takeoff despite rallying above $68,000. Crypto strategist Justin Bennett tells his 133,400 followers on the social media platform X that Bitcoin is flashing mixed signals as BTC threatens to surge to new all-time highs. While BTC’s price is rising, Bennett warns that the rally may not be sustainable as it is being fueled by speculators amid weak spot market volume. “People are celebrating a Bitcoin breakout from a seven-month range on a Friday (low volume) before the day or week has even closed, within a rally…