Author: NBTC
A trader known for several accurate crypto market calls says that Bitcoin (BTC) may be gearing up for a massive breakout. Pseudonymous analyst Dave the Wave tells his 146,500 followers on the social media platform X that Bitcoin may be following a bullish pattern of trading in a range before putting up an approximate 50% gain. “The BTC megaphone.” Source: Dave the Wave/X Looking at his daily chart, the trader suggests that Bitcoin is printing a bullish megaphone pattern, with two higher high prices and two lower low prices, and could soar to around $109,500. The analyst also says that…
The crypto market has recently experienced a great development in the case of funds inflow. The data points out that the CBETH token has received 1st place in the list of crypto tokens with the maximum funds inflow. FLUX, BTC, OCEAN, SKL, and WOO tokens are following CBETH with substantial inflows. OK, let’s see where the so called smart money is going.Interesting:1. Significant amount going through staked $ETH through Coinbase.2. Great to see $FLUX here. One of best #DePin players out there and significantly undervalued.$btc $ocean $skl $storj $pepe $woo pic.twitter.com/SReUpDSyjt — Crypto Academic (@cryptoacademic) June 23, 2024 CBETH Rules…
An Ethereum layer-2 network named Taiko is dominating the market for so-called blobs, or dedicated data storage for Ethereum scalers—but those endeavors are resulting in tens of thousands of dollars worth of costs for the little-known scaling solution each and every day, even topping the $100,000 mark multiple times this week. The Taiko protocol, which went live in late May, seeks to offer users cheaper and faster transactions than on Ethereum’s mainnet, while borrowing elements of the network’s security. Since going live, Taiko has spent a whopping $900,000 on blobs in less than two weeks to funnel users’ transactions over…
Dione Protocol’s mainnet, Odyssey, will soon launch, featuring off-grid validator solution Orion, powered by over 3,500 Starlink satellites. The Dione token has a 96% circulating supply, with a team including the former lead developer from Fantom, ensuring stability and expertise. Dione’s blockchain is fully powered by renewable energy and can process up to 6,500 TPS, with potential scaling to millions through subnets. Dione Protocol, a Layer 1 blockchain, is preparing to launch Odyssey, its mainnet, which will include several ground-breaking features. The blockchain landscape is expected to undergo substantial changes as a result of this launch. $DIONE – 10 Reasons…
Over half of Japanese institutional investors plan to invest in digital assets within the next three years, according to a new survey by Nomura Holdings and its digital asset subsidiary Laser Digital. The study, which polled more than 500 investment managers from institutions, family offices, and public-service corporations in Japan, reveals a growing appetite for crypto assets among traditional financial players. Of those surveyed, 54% indicated they intend to invest in crypto assets over the next three years. Additionally, 25% of respondents reported a “positive” impression of crypto assets, while 62% view them as a diversification opportunity. The survey found…
Polyhedra Network has announced the launch of its new Staking Program. The Polyhedra Staking Program will officially begin on June 10, 2024. This new feature is a revolutionary concept which lets the users stake their Polyhedra Network tokens and make them work for Staking Power. Rewards will be calculated and distributed every Thursday at 00:00:00 UTC over a four-week period. We’re thrilled to announce the launch of the Polyhedra Network Staking Program on June 10th, 2024! 🎉Check out the program details: https://t.co/N8FfUCwqTIJoin our community AMA about staking on Discord at 14:00 UTC, June 8th. Ask any questions regarding staking and…
Indian crypto exchange CoinDCX has announced its integration with Okto Chain, an orchestration layer designed to simplify web3 for users and developers. Orchestration layers are designed to provide a simplified user interface for users and developers when interacting with web3 environments. Similarly, Okto Chain offers a suite of easy-to-use software development kits (SDKs), allowing developers to integrate Web3 functionalities into their applications. Meanwhile, users benefit from a smoother user experience similar to web2 applications. With the recent integration, CoinDCX users will able to access 50,000 tokens within the exchange’s mobile application’s web3 mode. This includes major ecosystems like Polygon, Binance…
Financial technology consultancy Broadridge says it handles $50 billion a day of repurchase agreements involving big banks on its permission-only DLR platform. Europe-focused securities finance private blockchain firm HQLAx says its platform can save banks as much as 100 million euros ($107 million) a year. The multitrillion-dollar repo market is the lifeblood of funding in capital markets. Tokenization enthusiasts in both crypto and traditional finance might be surprised to hear that well over $1.5 trillion worth of repurchase agreements and other forms of securities financing are executed monthly using private blockchains. While this is a sliver of a highly fragmented,…
Former director of Ripple Sean McBride has published a post on the X social media network to suggest a move that Ripple Labs should make using the large funds it has in its possession. Ripple should “invest, build, repeat” McBride believes that it is now important for Ripple to “acquire another company” and spend on it some of the money it is sitting on. “Reinvest, build, repeat,” he tweeted an encouragement, addressing his former blockchain giant employer. Ripple needs to acquire another company. Spend some of that money instead of sitting on it for no apparent reason. Reinvest, build, repeat.…
Ronin, the blockchain for gamers, has announced that its zkEVM Testnet is now live. The official unveiling of the zkEVM testnet comes a few days after Ronin introduced its zkEVM. The team called it the first step towards bringing Layer-2 blockchains to the mainnet. When it launches, Ronin zkEVM will see builders leverage the Polygon Chain Development Kit (CDK) to create zero-knowledge (ZK) powered layer 2 chains on Ronin. Builders will also leverage the technology to permissionlessly deploy games, the Ronin team noted. “Earlier this month, the journey towards Layer 2s on Ronin began. Polygon’s Chain Development Kit (CDK) became…