Author: NBTC
Analyst Crypto Banter, in his latest analysis, discussed the recent market trend. He said that usually, after a period of decline, there’s a pre-halving dump, sometimes occurring shortly after the halving event within approximately two months or eight weeks. Choppy price movements and shakeouts characterize this phase. Analyzing the Pre-Halving Dump As for whether the dip has ended or is nearing its conclusion, he said that recent data regarding Tether minting another billion dollars worth of tokens suggests a potential turnaround. Historical data shows that such injections into the market often coincide with significant market bottoms. This pattern is especially…
The SEC has asked spot Ethereum ETF applicants to update their 19-b4 filings, leading to greater optimism around potential approvals, according to sources. Bloomberg ETF analyst Eric Balchunas said on May 20 that the SEC could reverse its expected stance and choose not to deny the pending applications. He cited ETF Store President Nate Geraci, who claimed the SEC could approve 19-b4 exchange listing rules while postponing its decision on S-1 registration statements. James Seyffart added that he and Balchunas had heard from multiple sources and that several new filings should emerge in the coming days. FOX Business reporter Eleanor…
Bryan Pellegrino, CEO of LayerZero, attracted attention with his diverse investment portfolio, which includes many promising projects in the cryptocurrency and blockchain space. LayerZero CEO Bryan Pellegrino’s Investment Portfolio Attracts Interest Its investments cover a range of innovative projects including Monad, SkyArk Chronicles, Pudgy Penguins, Shogun, Superform, Blockus, Crypto Rogue Games, Integral and Fantasy Top. The revelation of Pellegrino’s investment interests created curiosity and controversy within the crypto community, particularly regarding LayerZero’s anti-Sybil plans. Sybil attacks, where a single entity creates multiple identities to manipulate a network or gain unfair influence, are a significant concern in decentralized ecosystems. LayerZero’s attempt…
As Sui celebrates its first anniversary, the blockchain network reflects on a year of unprecedented growth and technological innovation. The network’s achievements have positioned it at the forefront of the Web3 revolution. Sui’s novel programming language, Move, has introduced a new architecture centered around objects, enabling performance and functionality that was simply not available on existing blockchains. In its first year, Sui has not experienced a single minute of downtime or instance of degraded performance. The network has achieved lightning-fast transaction speeds, massive scale, record-setting Mainnet performance, and extremely low fees. Sui’s first year of operation has seen it rise…
Bitget announces the listing of VeChain (VET) with $37,750 in promotions, available for trading on May 21, 2024. Bitget has confirmed the listing of VeChain (VET) on its platform, generating excitement among the community, particularly on social media platform X. This development presents new opportunities for traders and investors, accompanied by promotional activities amounting to $37,750 worth of VET. The new listing will be available for trading on May 21, 2024, at 11:00 AM (UTC), with deposits already open. New Listing – $VET @vechainofficial#Bitget will list VET/USDT with $37,750 worth of VET up for grabs! #VETlistBitget 🔹Deposit: opened🔹Trading starts: May…
Bitcoin’s price has been dropping rapidly due to the increasing geopolitical conflict in the Middle East. At the same time, the U.S. economy has proven to be resilient, and this has caused an increase in bets on higher interest rates. This has reduced the market’s risk appetite, further hurting Bitcoin. The Bitcoin Halving 2024 is just two days away, and there is much speculation about whether the BTC price will crash once again or make a sharp rebound. Here are the top factors contributing to the current market sentiment Assessing the Reasons Behind the Dip The ongoing geopolitical tension is…
Ethereum remains above $3,100, with potential for a breakout towards $4,000. The SEC’s imminent decision on spot Ethereum ETFs could significantly impact the market outlook. The approval of the ETFs could drive Ethereum to new highs, while rejection may lead to a drop below $3,000. Ethereum remains above $3,100, with bulls solidifying their stance. Following a brief rally last week, buoyed by improving macroeconomic factors, Bitcoin and Ethereum saw modest gains, with Bitcoin exceeding $67,000 and Ethereum surpassing $3,100. Analysts are closely watching Ethereum’s potential breakout towards $4,000. The SEC’s decision on spot Ethereum ETFs is imminent, starting with VanEck’s…
The crypto market has recently witnessed a trend of tokens launching with high fully diluted valuations (FDVs) but low initial circulating supplies. This structure, often driven by venture capital (VC) funding and upbeat market sentiment, can lead to unsustainable price appreciation post-token generation event (TGE) and significant selling pressure once tokens unlock. According to a recently released report from Binance Research, aggregated data from Token Unlocks and CoinMarketCap indicate that approximately $155 billion worth of tokens will unlock between 2024 and 2030. Binance Research suggests that without increased buy-side demand, these unlocks could exert substantial downward pressure on token prices.…
Two wallets transferred 211 billion SHIB tokens to Coinbase, worth $5.16 million, sparking mixed reactions. SHIB’s price surged by 7.65%, with market capitalization and trading volume also rising. Recent Bor and Heimdall hard forks on Shibarium aim to enhance utility, potentially influencing SHIB’s prospects. In a significant trading activity, two wallets identified as ‘0x6a43..’ and ‘0xef01..’ transferred 211 billion Shiba Inu (SHIB) tokens to Coinbase, a major cryptocurrency exchange. The transactions, valued at approximately $5.16 million, occurred over the past 24 hours, according to on-chain tracker The Data Nerd. Within 10 hours, 2 Wallets (have the same amount of $SHIB)…
The Bitcoin price has recently experienced heightened volatility, causing the largest cryptocurrency in the market to briefly drop below the significant threshold of $60,000 for the first time since March 5. This price decrease comes just days before the highly anticipated Halving event scheduled for Friday. This event has traditionally been viewed as a positive catalyst for Bitcoin’s value due to its impact on token supply. However, market participants are questioning whether the Halving’s effects are already factored into the current market conditions, leading to extended bearish sentiment. Long-Term Bullish Outlook Prevails Bitcoin’s decline saw it plummet by 5% to…