Author: NBTC
The magic meme stock craze revival appeaers to be fading hard for GameStop and AMC. GameStock (GME) was trading 15% lower than its Wednesday afternoon closing price just before markets opened on Thursday. After the bell, the stock sank as low as $31.91—down 18%—before rebounding. At the time of writing, GameStop shares are trading for $33.38—down 16% from its previous close. Meanwhile, AMC isn’t faring much better. Shares for the movie theater chain started the day trading 8% lower than their Wednesday closing price as markets opened in the U.S. The meme stock moniker comes from the fact that the…
Shytoshi Kusama, the Shiba Inu lead developer, has hinted at a potential move towards breathing new life into the SHIB ecosystem. Kusama emerged from the shadows to issue a cryptic message that got community members pondering its intent. Just three hours ago, Kusama took to X to post a GIF bearing the inscription “EVITA.” Notably, the Shiba Inu lead developer left no hashtag or hint about the mysterious message. pic.twitter.com/Lk9fRq9ivb — Shytoshi Kusama™ (@ShytoshiKusama) May 7, 2024 The absence of explicit context has ignited various speculations within the community. Members speculate whether this cryptic communication holds potential significance for Shiba…
The rise of blockchain technology has highlighted the constraints of the traditional Internet infrastructure by offering secure and transparent data exchange. Although the physical network of routers and cables enables simple communication, these underlay networks are not equipped to handle the high data volumes and complex features needed for blockchain applications. Enter overlay networks: a game-changer in the world of digital communication. These virtual routing layers operate on top of the existing internet infrastructure, creating logical pathways for data packets. This allows for optimised data flow, bypassing bottlenecks inherent in the physical network and making them ideally suited for the…
OKX Ventures, the investment arm of the global crypto exchange and Web3 technology company OKX, has established itself as a leader in the crypto venture capital space. Announcing its latest achievements, OKX Ventures confirmed it ranked as the number one crypto venture capital investor for the first quarter of 2024. The firm successfully closed an impressive 31 deals during this period, showcasing its active engagement and bullish stance on the future of blockchain and Web3 technologies. The firm’s investment strategy in Q1 2024 was notably diversified, with significant emphasis on sectors like infrastructure, Artificial Intelligence (AI), and Decentralized Finance (DeFi).…
Recently, a new niche has emerged among memecoin traders: coins named after countries. In anticipation of the Olympic Games in Paris in July, investors are betting that the event will boost the prices of various country tokens. A dashboard created by the X user identified as The Nouner is tracking 47 different country coins, which registered a trading volume of almost $18 million in the last 24 hours, and have a shared total market cap of nearly $110 million. American Coin (USA) has a valuation close to $83 million, which is the largest market capitalization of all. According to DEX…
Founder Institute has announced its partnership with the Polkadot ecosystem. The strategic collaboration between the two companies will launch the first Web 3.0 Cohort in the Founder Institute’s Core Program. The partnership aims to improve Web 3.0 technology education and provide Web 3.0 startup founders with startup acceleration programs. 🚀Announcing a Strategic Collaboration between Founder Institute and @Polkadot!🚀 We are thrilled to announce a groundbreaking collaboration between the Founder Institute (FI) and the @Polkadot ecosystem. This collaboration marks the beginning of an exciting chapter as we launch… pic.twitter.com/BYJBgNtOn0 — Founder Institute (@founding) May 14, 2024 The partnership between the two…
As the Bitcoin (BTC) community anticipates the upcoming halving event, cryptocurrency whale behavior – investors holding large amounts of Bitcoin – has been intensely scrutinized. Analysts and market observers are keen to understand how these major players are positioning themselves ahead of a milestone that historically impacts Bitcoin’s price and market dynamics. Despite Bearish Conditions, Whales are Buying Recent data from blockchain analytics platforms like CryptoQuant and Santiment reveals a notable shift in whale activity. According to a tweet from CryptoQuant, there has been an increase in Bitcoin accumulation by whales, suggesting a bullish outlook from those anticipating the supply…
Shares of Coinbase fell nearly 8% on Thursday to a price of $202.49. The drop came after a report from the Financial Times that futures exchange CME was considering offering spot bitcoin trading to its clients. Shares of Coinbase dropped nearly 8% to $202.49 during U.S. morning hours on Thursday after a Financial Times report that the Chicago Mercantile Exchange (CME) might soon offer spot bitcoin trading amid strong interest from clients. Cryptocurrencies were up on the day. The CoinDesk 20 Index, which tracks 20 of the largest digital tokens by market capitalization, is 0.91% higher over the past 24…
Whale Alert, an X account known for tracking large transactions on the blockchain, has reported a significant movement of Chainlink (LINK) tokens. According to its tweet, a staggering 3.7 million LINK tokens, equivalent to over $53 million at current market prices, were transferred from an unknown wallet to another unknown wallet. While such large-scale transfers are not uncommon in the world of cryptocurrencies, they often spark curiosity and speculation among traders and enthusiasts alike. In this instance, the reasons behind this massive transfer remain shrouded in mystery, leaving analysts to speculate on potential implications for the LINK ecosystem. One potential…
The XR Foundation, in collaboration with Saltwater Games, unveils its latest milestone: the launch of XR One, a gaming-dedicated blockchain platform poised to revolutionize the gaming industry. Powered by its native $XR token and fueled by the innovative Layer 3 Orbit chain co-developed by the Saltwater.Labs team, XR One represents a monumental leap forward in gaming technology.—The genesis of XR One is marked by collaboration and innovation. With grant funding from the Arbitrum Foundation, Saltwater Games has spearheaded the development of the Layer 3 Orbit chain, harnessing the scalability and flexibility of emerging Web3 technologies. This strategic partnership has culminated…