Author: NBTC
Leading exchanges Binance and Coinbase see combined 50 million XRP sell walls above the $3 mark, capping XRP’s growth. Recall that XRP rallied to a high of $2.9 yesterday, brushing against the $3 psychological resistance. However, it failed to maintain momentum, closing the day with a 7.91% loss. Currently, XRP has recovered to $2.6, consolidating in a narrow range between $2.4 and $2.6. This period of consolidation has led to analyses of XRP’s order books, particularly on Binance and Coinbase. Market analyst and trader Dom recently provided an update on these order books, highlighting sell and buy walls that could…
Fidelity Investments’ Director of Global Macro, Jurrien Timmer, continues to provide insightful frameworks for understanding Bitcoin’s valuation and growth. In a recent update, Timmer shared his take on Bitcoin’s adoption and value trajectories, illustrated by detailed charts that reflect both historical trends and hypothetical scenarios. Timmer’s models aim to simplify Bitcoin’s complex growth dynamics, bridging the gap between network adoption and valuation. “While the supply is known, the demand is not,” he stated, emphasizing the critical role of adoption curves and macroeconomic variables such as real rates and monetary policy. Adoption Curves: Slowing But Consistent Growth Despite a slowdown in…
Airdrop farmers remain nostalgic following the successful launch of Hyperliquid, which allocated 31% of its HYPE tokens to the community on day one. Its powering token, HYPE, surged 125% post-launch, with a $1.5 billion market cap, and does not show signs of stopping. With its valuation up over 514% since launch and a current market cap exceeding $4.2 billion, Hyperliquid has sparked speculation about which projects might replicate its success. Considering tokenomics and community engagement strategies, here’s a look at potential contenders poised to follow Hyperliquid’s trajectory. Grass Grass gained attention with its first airdrop on Solana, distributing 10% of…
Indian cryptocurrency exchange CoinDCX is facing criticism on social media due to restrictions on crypto withdrawals. Many users have reported issues such as failed INR withdrawals and delays in resolving their support tickets, with some claiming their withdrawal requests have been pending for weeks. This has led to growing frustration among users. The confusion surrounding CoinDCX’s withdrawal policies has raised questions about the platform’s Know Your Customer (KYC) procedures. Users are concerned about inconsistent rules, with some speculating that the sudden changes to withdrawal processes could indicate potential issues with the exchange’s regulatory compliance. As the complaints continue to mount,…
This is a segment from the Empire newsletter. To read full editions, subscribe. Bitcoin’s wild price swings have beaten us all into submission. We naturally expect enormous corrections to crush hopes, dreams and wallet balances, even in the midst of monster bull runs. So, you’d be forgiven for expecting a sudden 50% collapse in the price of bitcoin on its way to six figures and beyond. Is it warranted? First, to be clear: bitcoin does have a habit of tanking by about 80% from bull run peak to bear market trough. It has happened every cycle going right back to…
South Korea’s leading crypto exchange, Bithumb has announced the listing of Filecoin (FIL) and its transaction support is officially launched on the Won Market. Bithumb Allows Filecoin (FIL) Trading Bithumb Listing: [마켓 추가] 파일코인(FIL) 원화 마켓 추가Bithumb上新: [新增市场] 新增 Filecoin (FIL) KRW 市场https://t.co/VHQaTUgjgH$FIL — 方程式新闻 BWEnews ⚡️🚀 (@bwenews) January 6, 2025 According to the official announcement, the trading is supported on the Filecoin network and deposits via other networks are not supported. The deposit/withdrawal will begin within three hours from the time of the notice posting. The trading start time is scheduled for 4:00 PM on Monday, January 6, 2025.…
Cardano scaling protocol Hydra has recorded a major milestone after surpassing the 1 million transactions per second (TPS) threshold. Hydra’s proficiency has scaled impressively while being tested in the latest Doom gaming competition. Earlier today, the protocol broke the 1 million transactions per second (TPS) mark, becoming one of the fastest in the crypto ecosystem. Hydra Hits Major Transaction Milestone On its own, Cardano is one of the fastest layer-1 networks out there, with an impressive TPS capability. Meanwhile, Cardano introduced the Hydra Head to improve the network’s scalability further, testing the protocol with the latest Hydra Doom tournament. Notably,…
Charles Edwards, cryptocurrency analyst and founder of the Capriole Investments fund, has taken to his account on the X social media platform (widely famous as Twitter until 2023) to share his take on the much-anticipated $100,000 level, which Bitcoin has failed to reach so far. Edwards has shared a reason which, he believes, prevented the world’s flagship cryptocurrency from breaking above $100,000. “We will be back” at $100,000: Charles Edwards Edwards commented on the sharp 20% fall of MicroStrategy stock a week ago — within a single day after Citron Research announced shorting MSTR. The analyst commented that this was…
Dominik Schiener has pledged to focus on pushing for institutional adoption of IOTA, including ETFs and custody solutions, buoyed by the spike in interest from South Korea. Dom shared that since Rebased launched, investors in the US have had a 180-degree turn in interest and believe that IOTA can now aptly compete with SUI and Aptos. Since IOTA launched Rebased, there has been a spike in interest in the blockchain network, both from an investors’ and developers’ perspective. Founder Dominik Schiener has now pledged to ride on this interest to push the network’s adoption by institutional players, encouraged by surging…
Bitcoin mining has become a major industry in the United States, with American miners currently contributing around 40% of the global Bitcoin mining hashrate. But could Donald Trump’s return to the White House make the US the sole hub for all future Bitcoin mining? Experts say that’s unlikely. During his campaign, Trump made numerous pro-crypto promises, including one bold statement: He wanted all remaining Bitcoin to be mined in the U.S. But achieving that would require shutting down mining operations worldwide and transferring that capacity to America, a move seen as impractical by industry professionals. “I think it’s impossible,” said…