Author: NBTC
Bitcoin’s open interest just exploded by $1.94 billion today, with its price rallying toward the $70,000 mark. Coinbase has been dumping Bitcoin on the spot market since US markets opened. BTC OI Chart. Source: ByzGeneral on X. It’s a stark difference from last week’s Tether chaos, where new FUD (fear, uncertainty, doubt) rumors of an investigation by the US government spooked traders, dragging Bitcoin briefly below $67,000. Paolo Ardoino, Tether’s CEO, brushed off the latest investigation as more FUD, but markets reacted nonetheless. But even a whiff of uncertainty surrounding Tether always sends prices tumbling. Oil and Middle East tensions…
Crypto asset manager Bitwise has acquired an Ethereum staking service to expand its portfolio offerings beyond its core business. Cryptocurrency index fund manager Bitwise has expanded its portfolio with the acquisition of Attestant, a non-custodial Ethereum (ETH) staking service, Bloomberg has learned. While the financial details of the deal remain undisclosed, the London-based staking firm handles about $3.7 billion in assets for institutional investors, the report reads. The 11-member Attestant team will join Bitwise following the acquisition, sources close to the matter told Bloomberg. With this addition, Bitwise will manage over $10 billion in client assets. You might also like:…
According to an announcement Thursday, Avalanche Foundation has completed the purchase of AVAX tokens from the Luna Foundation Guard, an organization created by Terraform Labs creator Do KWON to prevent exactly the type of death spiral that ultimately occurred with the failed algorithmic stablecoin TerraUSD (UST). In 2022, Kwon launched LFG as a broker that would buy more than $10 billion worth of bitcoin and other crypto assets, including AVAX, to act as a strategic reserve for his then-popular stablecoin. Part of that strategy involved two deals that placed $100 million worth of AVAX tokens on LFG’s balance sheet and…
One of the busiest blockchain-based decentralized oracle networks, Chainlink has entered into a collaboration with Dubai’s Propchain to promote the tokenization of real estate. Thus, by incorporating Chainlink’s CCIP on Ethereum, Propchain intends to execute secure cross-chain transfer and superior transparency with the help of Chainlink’s Proof of Reserve system. Empowering Tokenized Real Estate through Blockchain The platform’s ecosystem announcement on social media shows it has partnered with Chainlink to offer tokenized real estate. Propchain is involved in real estate by offering users an application to invest in real estate assets through tokenization. Through incorporating Chainlink, the firm prepares to…
Microsoft’s potential move into Bitcoin (BTC) investments has sparked both excitement and debate leading up to the company’s annual shareholder meeting on December 10. The tech giant’s board opposes BTC investments, but shareholders hold the final say. They will vote on whether to adopt an “Assessment of Investing in Bitcoin” proposal. The board plans to vote against the proposal, but the influence of key stakeholders like Vanguard and former CEO Steve Ballmer adds intrigue. With significant shares held by both BTC proponents and opponents, the outcome is anyone’s guess. Shareholder Showdown: Who Owns Microsoft? The institutional and individual shareholders owning…
Phoenix, a leading Crypto analytical platform, has shared its weekly update on the top NFT performers through its social media platform, X. This list highlights the latest trends in the NFT market, showcasing the collections, sales, and marketing. It is driving a significant activity. CryptoPunks are holding significant positions in sales and collections. https://twitter.com/pnxgrp/status/1856634378895421653 Doodle Leading NFT Collections Phoenix has shared the performance of Doodles, a popular NFT collection, which has emerged as a top performer of the week. Its volume has gone impressively to $2.63 million in the last 24 hours. Doodles, known for their playful and colorful artwork,…
A well-known “Smart Money” investor recently bought 10,364 ETH, valued at approximately $34.19 million, after Ethereum’s price dropped to $3,299. This large-scale purchase highlights the investor’s strategy of capitalizing on Ethereum’s market dips, reflecting their deep understanding of cryptocurrency. This purchase is part of a broader trend in which savvy investors buy assets at lower prices, anticipating a market rebound. After the $ETH price dropped, the Smart Money bought 10,364 $ETH($34.19M) at $3,299.This smart money has traded $ETH 15 times since August 12, 14 of which were profitable, with a win rate of 93% and a total profit of $4.95M.…
As became known thanks to on-chain data from IntoTheBlock, the amount of Dogecoin (DOGE) inflows into the wallets of large investors – those who hold no less than 0.1% of the circulating supply, – totaled 2.96 billion DOGE in the last 24 hours. For comparison, in the previous 24 hours, this amount was only 563.83 million DOGE. The increase in just one day was 425.65%, or 2.396 billion DOGE. But what a 24 hours it was, as the price of the major meme cryptocurrency increased by 29.69% at its peak yesterday. Interestingly, the amount of outflows from the same wallets…
Ripple CEO Brad Garlinghouse and Cardano founder Charles Hoskinson confirm they are in talks to build an alliance within the crypto space. The industry stalwarts confirmed the development yesterday during an exchange on X. In an X post, Hoskinson disclosed that he had a discussion with Garlinghouse, complimenting him as a great and highly collaborative CEO. Notably, he expressed excitement about the future, hinting at a potential partnership between the two ecosystems. Ripple CEO Reacts Reacting, Garlinghouse thanked Hoskinson for his ‘kind words’ and used the opportunity to advocate for collective action within the crypto sector. Specifically, Garlinghouse emphasized the…
Oasys, a Layer-1 (L1) Ethereum (ETH) blockchain, is emerging as a blockchain gaming leader, as indicated by a HashHub report shared with Finbold on Tuesday, November 12. According to the report, Oasys has seen the most growth in Japan, where it has attracted major game developers like Bandai Namco, Sega, and Square Enix. Web3 gaming vs. conventional gaming Conventional video games face challenges such as declining sales and loss of in-game assets when the servers are down. Platforms like Oasys, by contrast, enable digital assets to retain long-term value. Consequently, blockchain gaming is gaining more and more traction within the…