Author: NBTC
The tokenization of real-world assets is growing at a rapid pace with assets exceeding a combined value of $13 billion. Interest in Tokenized U.S. Treasury Market Heating Up The tokenized U.S. Treasury market has reached $2.5 billion in value, reflecting a rapid embrace of blockchain technologies for digitizing traditionally illiquid real-world assets (RWAs). This is according to data from rwa.xyz, a central repository for tracking every tokenized real-world asset. Concurrently, the broader RWA sector has seen tokenized assets exceed $13 billion in value across various categories, including private credit, stocks, global bonds, and stablecoins, highlighting a broader trend of financial…
Max Avery, a notable voice in the crypto community, recently highlighted the transformative potential of XRP and Ripple’s solutions in the $27 trillion cross-border payment market. Avery pointed out that Ripple’s technology addresses some of the most entrenched inefficiencies in traditional banking infrastructure. He noted that this positions XRP as a key asset in reshaping global cross-border payments. Among all the DeFi developments happening on the #XRPL – It’s important to revisit the cross-border payment market. The current cross-border space is around $27 trillion, and old systems are slow and expensive. @Ripple’s solutions, settling in #XRP, could change how money…
A widely-tracked momentum indicator has flipped bullish for the first time since April. A similar bullish flip happened at the onset of the late 2023 rally and in late 2022, marking the end of a brutal downtrend. A bitcoin indicator that warned of seller exhaustion in early September has flipped bullish, bolstering the case for a move above $70,000. The moving average convergence divergence (MACD) histogram, a technical analysis indicator used to gauge trend strength and changes, has flipped positive on the weekly chart for the first time since April, according to charting platform TradingView. It signifies a renewed upward…
After Donald Trump won the US elections, the Bitcoin and cryptocurrency markets became active. Although BTC has fallen in recent days, the price has held up to the $100,000 limit. With the rise in BTC, altcoins have also made significant gains and have faced great interest from South Korean investors. According to a report by Matrixport, South Korean investors have recently shown more interest in altcoins rather than Bitcoin and Ethereum. At this point, some altcoins are leaving BTC and ETH behind in South Korea’s cryptocurrency market. Matrixport revealed in its latest report that in South Korea, one of the…
The XRP Ledger (XRPL) community has witnessed the burn of a significant amount of DROP tokens on the network, sparking speculation. XRPScan, an XRPL explorer, indexed the transaction yesterday, indicating that 10,000 DROP tokens were incinerated on the leading blockchain. According to the X post, the XRPL explorer urged the community to hold a “moment of silence” for the transaction. A moment of silence for https://t.co/jyprxCMJcU @DropCoinXRPL pic.twitter.com/DmbzrDyzNs — XRPScan (@xrpscan) October 28, 2024 Per the transaction details, the 10,000 DROP tokens were burned on October 18 at 06:56 UTC, incurring a fee of 0.000012 XRP. Despite the transaction occurring…
The Crypto Fear & Greed Index stays in the “greed” zone. Key Takeaways Bitcoin’s ascent over $69,000 marks a new high, influencing a broad market rally. The rally is driven by heightened institutional interest and positive regulatory developments. Bitcoin is back in the spotlight after breaking past $69,000 on Sunday. The latest rally has ignited a broad-based rally across the crypto market with altcoins moving higher over the last 24 hours. The flagship crypto has risen almost 2% in a day, now trading at around $69,400, CoinGecko data shows. It seems poised to hit $70,000 amid ongoing market optimism as…
Market analyst CryptoYoddha believes Ethereum price is heading for a bullish trajectory, capable of reaching $10,000 in the coming cycles. Looking at historical patterns, Ethereum’s price structure indicates a phase of accumulation and breakout. Furthermore, these insights are in line with Ethereum’s previous market cycles and thereby build more confidence to surge upwards in the long term. ETH/USDT|source Tradingview Ethereum’s price movement is starting to resemble the “W-X-Y” accumulations and breakouts of its earlier cycles (2018-2020 and 2021-2023). In terms of these cycles, Ethereum initially declined (marked “X”), consolidated (as marked as “Y”), and then rallied very high. – Advertisement…
The crypto derivatives market is showing signs of caution as traders prepare for key U.S. economic data. With the Federal Open Market Committee (FOMC) minutes and October Core Personal Consumption Expenditures (PCE) inflation data on the horizon, Bitcoin and Ethereum are experiencing sentiment shifts reflected in changes in option implied volatility. PCE data will be released tomorrow, while FOMC minutes will be released today at 22:00 Turkish time (UTC+3). QCP Capital analysts noted a significant move in Ethereum’s implied volatility, shifting sharply from buying to selling, indicating growing concern over potential downside risks. “A similar sentiment can be observed in…
Recently, data being posted on social platforms indicated that Litecoin has the highest number of transactions among the top cryptos including BTC and ETH, among others. This achievement proves that more and more users and companies are starting to trust it. #Litecoin is unquestionably the #⃣1⃣ #crypto of choice for payments!! pic.twitter.com/b1xLshCIYh — Litecoin (@litecoin) October 28, 2024 Litecoin (LTC) was released in 2011, and it is one of the oldest members of the cryptocurrency market, often called “silver to Bitcoin’s gold.” As a currency with faster transaction speeds and lower fees compared to Bitcoin, it is slowly solidifying its…
Farcaster has unveiled a significant update to its innovative Frames feature, aiming to enhance the user experience on the decentralized social media platform Warpcast. This update, known as Frames v2, is anticipated to expand the operational capabilities of the platform by allowing users to engage with full-screen applications directly within the Warpcast ecosystem. Dan Romero emphasized that this new frame standard would enable not only interactive applications but also facilitate on-chain transactions and user notifications, transforming how users interact on the platform. This article delves into the transformative updates of Farcaster’s Frames v2, exploring its potential impact on user engagement…