Author: NBTC
Bitcoin trades above $60K, with a market cap of $1.18 trillion and signs of potential bullish reversal. Key RSI and MACD indicators suggest Bitcoin may stabilize, with slight bullish momentum on the horizon. Analyst highlights $64.7K as the next target, with Bitcoin recovering from recent lows above crucial Fibonacci levels. Bitcoin is showing signs of stabilization, with a possible uptrend on the horizon. At press time, Bitcoin was trading at $60,081.23, Bitcoin has experienced a minor increase of 1.46% in the past 24 hours. Crypto analysts are closely watching key levels as Bitcoin’s market cap hovers around $1.18 trillion, marking…
The crypto market thrives on volatility, and the Daddy Tate (DADDY) meme coin’s recent downturn has drawn community attention. This instability has been compounded by high-profile promoter Andrew Tate, who is facing serious legal troubles. Due to the legal challenges, there are uncertainties surrounding the future of the DADDY meme coin. DADDY Meme Coin Declines 34% From Its Local Peak Over the weekend, Andrew Tate promised to purchase $1 million worth of DADDY meme coins upon reaching 10 million followers on X (Twitter). However, he has yet to fulfill this promise. When Tate’s follower count exceeded 10 million, expectations surged.…
Following Binance and KuCoin, two more offshore cryptocurrency exchanges could receive the green light from India’s financial watchdog by March 2025. Sources familiar with the matter told a local media outlet that India’s Financial Intelligence Unit is reviewing registration requests from four off-shore exchanges. While the names of the platforms were not disclosed, the source said two of these entities could be allowed to begin operations by the end of the Financial Year 2025. Last year, the FIU sent show cause notices to nine foreign cryptocurrency exchanges, namely Binance, KuCoin, Huobi, Kraken, Gate.io, Bittrex, Bitstamp, MEXC Global, and Bitfinex. According…
The United States Securities and Exchange Commission (SEC) has delayed its approval decision regarding the Hashdex Nasdaq Crypto Index US ETF, a proposed exchange-traded fund (ETF) that aims to hold both Bitcoin and Ethereum. The SEC on Friday released a filing stating it would extend the initial 45-day review period for the Hashdex ETF proposal. The Commission has set a new deadline of September 30 to either approve, disapprove, or initiate proceedings to determine whether to disapprove the proposed rule change. Nasdaq submitted a proposal to the SEC for the planned ETF on June 17, asking for permission to list…
After months of delay, Bitcoin layer-2 network Stacks is finally activating its anticipated Nakamoto upgrade—a change expected to boost transaction speeds by orders of magnitude. The upgrade, which began its activation sequence on Wednesday, will decouple the Stacks network’s block production from Bitcoin itself. This will boost block production by 120 times, speeding up confirmation times from Bitcoin’s 10-minute average to mere seconds. Stacks operators have the entirety of Stacking cycle 92 to implement the upgrade, after which core developers will select the final hard fork block and the full implementation of Nakamoto consensus rules will be in effect. One…
Gemini, a prominent U.S.-based exchange, recently sparked a lively conversation about XRP on social media platform X (formerly Twitter). It started when the exchange released a cryptic post that simply read “Locking in,” providing no specific context about what was meant. This triggered reactions as crypto enthusiasts continuously inquired what the platform was “locking in.” However, given Gemini’s history of pro-XRP posts, members of the XRP community quickly helped complete the cryptic message by suggesting “XRP.” Specifically, an XRP community figure, Alex Cobb, was one of the proponents championing this narrative. Other crypto enthusiasts also made similar speculations, but the…
August has seen a market downturn, leading to price dips for many assets. Whales, aiming to capitalize on the current conditions, have started accumulating certain altcoins in anticipation of potential gains in the coming month. The assets seeing increased interest from whales include Toncoin (TON), Uniswap (UNI), and Lido (LDO). Toncoin (TON) The value of Toncoin (TON) has dropped by 21% since August 24, following the arrest of Telegram CEO Pavel Durov. TON whales have taken advantage of this price decline to boost their holdings, as reflected by a 307% surge in its large holders’ netflow, according to data from…
Bybit has launched bbSOL, a Liquid Staking Token (LST) on the Solana blockchain. According to the announcement, this initiative, developed in collaboration with Sanctum, Kamino Finance, Orca, and Solayer, aims to bridge Bybit’s centralized exchange (CEX) and Web3 platforms. Users can stake Solana on Bybit Web3 to receive bbSOL tokens, unlocking earning opportunities across Bybit’s CEX and Web3 products. The LST is already available on Sanctum and Solayer, allowing decentralized finance (DeFi) users to stake their SOL tokens with Bybit, acquire bbSOL, and restake their LST on Solayer. Moreover, the bbSOL initiative involves collaborations with Orca for swaps and liquidity…
Analyst Benjamin Cowen is saying that the altcoin market could stop bleeding against Bitcoin (BTC) when one key event occurs. In a new video, Cowen tells the 806,000 subscribers of his YouTube channel that a reliable gauge of the altcoin market is the performance of Ethereum against Bitcoin (ETH/BTC). Cowen suggests that once the ETH/BTC trading pair reaches the range between 0.04 BTC and 0.03 BTC on the weekly chart, which it just touched, Bitcoin dominance (BTC.D) could soon start to decline. The BTC.D index tracks how much of the total crypto market cap belongs to Bitcoin. A declining BTC.D…
The U.S. Securities and Exchange Commission has levied another set of charges against Galois Capital – a crypto-focused advisory firm that custodied client assets at FTX. For its actions, Galois agreed to pay a civil penalty of $225,000, which will be distributed to harmed investors of the fund. Charged For Losing Money In FTX Per the SEC’s Tuesday press release, the agency found that Galois failed to ensure that the crypto held by the private fund it was advising was held with a qualified custodian, instead holding them with unqualified crypto trading platforms – such as FTX. “Approximately half of…