Author: NBTC
Bitcoin’s recent price crash has been notably influenced by futures contract liquidations, according to the “Bitfinex Alpha” report. Over the past month, Bitcoin (BTC) has oscillated between $71,300 and $63,500, with a significant crash on April 12 leading to over $1.8 billion in liquidations amid geopolitical tensions. According to Bitfinex’s analysts, these market movements are not isolated incidents, as similar patterns have been observed previously, where dips below the range low were met with a swift recovery. Yet, this time, the market’s response may be more subdued, as indicated by current spot flows into Bitcoin. Sapphire The concept of “time…
As the price of ether increases, the cost of running a full solo staking node — with 32 ETH now worth $115,000 — moves further out of reach for all but the most hard core hobbyists. One of the social goals that Oisin Kyne and Collin Myers, founders of Obol Network, care about most is enabling people that don’t have that kind of capital to participate in Ethereum consensus. The pair looks forward to the day when the number of entities and locations validating the network will rise tenfold from its current crop of single-digit thousands of operators. That includes…
Shiba Inu community administrator Ragnar has called the attention of SHIB enthusiasts to how ecosystem tokens will work together amid the imminent launch of a new privacy layer-3 (L3) blockchain. In a recent post on X, Ragnar alerted community members to a post that explains the collaborative utility of ecosystem tokens, including the upcoming TREAT. The post was prepared by “Buzz,” the founder of K9 Finance DAO, a partner of Shibarium. I recommend everyone who has questions about how SHIB ecosystem tokens will work together with K9Finance. Here you have a nice explanation, even one about how Treat will work…
Founder and former CEO of MicroStrategy giant, who now heads its BTC investment strategy, Michael Saylor, has taken to his account on Twitter/X to make the crypto community face his new Bitcoin-dedicated post. Bitcoin community reacts to Saylor’s post Michael Saylor’s tweet once again contained one short line and an image generated by an AI-powered app. “What has been seen cannot be unseen. #Bitcoin,” he tweeted. The image shows an eye on the face of an android drawn in cyberpunk style with a BTC sign on that eye. What has been seen cannot be unseen. #Bitcoin pic.twitter.com/M4cdPUIW9A — Michael Saylor⚡️…
Ethereum’s (ETH) dramatic rally to the $3,700 price zone has put a substantial portion of the cryptocurrency’s holders in profit, boosting their investment returns significantly. According to a tweet by IntoTheBlock, 90% of market participants holding ETH are currently in profit, while the remaining 10% are at the money. No ETH holder is at a loss, at the time of writing. 90% of ETH Holders in Profit Monday was an eventful trading day for ETH as the asset rallied 10% in 25 minutes, surging past $3,150 to $3,450. At press time, the crypto asset had risen to $3,790, indicating a…
In a recent transaction reported by SpotOnChain, HashKey has withdrawn an impressive amount of 178,126 $PENDLE tokens from the Binance exchange for almost $771,000, given that the withdrawal was carried out just 30 minutes ago and for a token price of $4.33. The decision to withdraw was made following a rapid decline in the value of $PENDLE, reaching 17% within 24 hours due to the publication of news about the airdrop of the EigenLayer. HashKey (@HashKeyGroup) withdrew 178,126 $PENDLE ($771K) from #Binance at $4.33 30 mins ago, after the price dropped ~17% as affected by #EigenLayer airdrop news.Now, the VC…
Angel investor and entrepreneur Anthony Pompliano, who is also a renowned Bitcoin supporter, has published a tweet about his take on the impact that an approval of the Ethereum ETF is likely to have. In the meantime, according to a recent report, the odds of the regulator approving spot Ethereum ETFs have increased to 75%. Still, not all cryptocurrency influencers expect these ETFs to get the green light. “The last dam to be broken” for crypto Prominent Bitcoin advocate Pompliano, who holds BTC and has launched several business projects in the crypto space, tweeted that if the SEC decides to…
Solana leads stablecoin exchanges, outperforming Ethereum and Binance Smart Chain. Visa’s report highlights Solana’s fast development, with a 42.3% share in March 2024. Concerns persist over Solana’s transaction authenticity amidst dominance in stablecoin volume. In spite of confronting different challenges and showcasing variances, Solana proceeds to fortify its position within the competitive blockchain scene. Solana (SOL) has as of late been within the highlight of Visa, a worldwide payments technology company, due to its fast development within the stablecoin advertise. Agreeing to the Visa Stablecoin Dashboard, Solana has seen a surge in stablecoin exchanges, especially USDC (USD Coin), a stablecoin…
With the Bitcoin halving rapidly approaching, the excitement surrounding this event extends beyond mere market speculation. Marcos Nunes, the CEO of Gnosis Pay, offers insightful commentary on the profound implications of this milestone and the transformative role of digital assets in the global financial landscape.—Marcos begins by highlighting the significance of Bitcoin and digital assets, emphasizing their broader impact beyond conventional payment methods. In countries grappling with economic instability and hyperinflation like Argentina, Bitcoin serves as a lifeline for millions, offering stability amidst financial turmoil. Beyond facilitating transactions, digital assets represent a refuge for individuals navigating volatile economic environments, with…
Prominent crypto trader James Fickel engaged in a recent transaction that suggests a bullish outlook on Ethereum compared to Bitcoin. The move has fueled speculation about Fickel’s optimism regarding the potential approval of Ethereum ETFs by the SEC. As the #SEC requires exchanges to expedite the update of 19B-4 documents on $ETH #ETFs, the probability of approval of $ETH #ETFs has greatly increased.James Fickel(@jamesfickel) continued to borrow 350 $WBTC($25M) from #Aave and exchanged it for 6,905 $ETH to go long the… pic.twitter.com/IYFmQyHVIP — Lookonchain (@lookonchain) May 21, 2024 According to data sourced from Etherscan and shared by crypto analytics handle…