Author: NBTC
Ethereum ETFs break outflow streak with first inflows after nine days of negative flows. Ethereum is no longer “ultra” sound money, says analyst. Ethereum needs to overcome key resistance around $2,817 to validate double bottom move. Ethereum (ETH) is up 0.5% on Thursday following a recent analysis showing that the top altcoin lost its “ultra” sound money narrative. Meanwhile, ETH ETFs recorded net inflows for the first time after nine days of consecutive outflows. Daily digest market movers: Ethereum ETF outflow streak, ETH “ultra” sound money narrative Ethereum ETFs posted inflows of $5.9 million on Wednesday, ending their nine-day streak…
Bitcoin started September with a decline, falling to $57,000. While the downward trend in BTC is expected to continue, Coinshares has published its weekly cryptocurrency report. Coinshares, which stated that cryptocurrency investment products experienced an outflow of $305 million last week, wrote that negative sentiment about the market prevailed among investors. “Last week, cryptocurrency investment products saw a total outflow of $305 million, while there was widespread negative sentiment among investors and various regions.” Bitcoin (BTC) Was the Focus of the Exits! When looking at individual crypto funds, it was seen that the majority of fund outflows were in Bitcoin.…
The cryptocurrency landscape is advancing at a very fast pace, with remarkable projects coming up. There is no doubt that tokens like XRP, with its promising ledger and Polygon’s revolutionary scaling solution, are attracting much investor interest. With new entrants such as Avalanche and community-based projects like DOGS capturing the headlines, it is important to understand what they offer and what to expect going forward. XRP: Drawing the Line of Vade Mecum Current price:$0.5669 Market cap:$31.9B XRP (XRP Ledger), introduced in 2021, is unique because it is open-source and decentralized. It’s popular for its extremely low transaction charges of only…
Avaland Network shares the thrilling news about partnering with Orbler1, the renowned Web3 marketing expert. This strategic collaboration is aimed to foster an inclusive, vibrant, and engaged Web3 community. Avaland took this news to its X official account to share with the community about embracing the mantra. 🥳 We are thrilled to share the news of our strategic partnership: @avaland_network x @Orbler1!💎 Embracing the mantra “From Community to Community,” @Orbler1 is a leader in Web3 marketing, effectively connecting Web2 audiences through missions, staking, and innovative growth… pic.twitter.com/8UzU0LvTQj — AVA Land 🔺 | TESTNET IS NOW LIVE 🔥 (@avaland_network) August 30,…
With Bitcoin (BTC) still struggling to surpass and stay above the critical psychological price level of $60,000, experts foresee a possible breakout in the near future. Notably, crypto analyst TradingShot suggested in a TradingView post on August 12 that Bitcoin is likely to reach $170,000 by early 2025. According to his analysis, Bitcoin (BTCUSD) has seen a significant decline over the past two weeks, leading to a critical test of the 50-week moving average (1W MA50), a key indicator that has only been tested once during a bull cycle. Despite the recent sharp drop, which triggered panic and widespread liquidations,…
Ethereum price started a recovery wave from the $2,400 zone. ETH is now struggling to gain pace for a move above the $2,600 resistance zone. Ethereum started a recovery wave above $2,500 and $2,550. The price is trading below $2,550 and the 100-hourly Simple Moving Average. There was a break above a key bearish trend line with resistance at $2,550 on the hourly chart of ETH/USD (data feed via Kraken). The pair must stay above $2,485 to start another increase in the near term. Ethereum Price Attempts Recovery Ethereum price remained stable above $2,400 and attempted a recovery wave like…
Hong Kong-based firm IDA has secured $6 million in seed funding to accelerate the launch of its first fiat-referenced stablecoin. IDA, a Hong Kong-based digital asset company, has raised $6 million in seed funding led by CMCC Global’s Titan Fund and Hashed to develop its first fiat-referenced and regulated stablecoin HKDA. In a press release on Sept. 2, the stablecoin issuer announced that the funding round also saw participation from several other investors, including Hack VC, Anagram, GSR, and Protagonist, in addition to angel investors, such as Solana co-founder Raj Gokal. Additionally, IDA has partnered with blockchain foundations like Solana,…
Ripple is working with more than 50 Japanese banks to develop a completely new payment infrastructure powered by distributed ledger technology. Japan is one of the world’s most cash-loving nations, making digitization of payments a national agenda, and Ripple is positioning itself as a prime partner for this initiative. Digital payments have become dominant globally, fuelled by the 2020 COVID pandemic where physical contact was highly discouraged. In the developed world, the share of digital payments can be as high as 95% in countries like China and Norway. However, Japan remains an outlier, with cash dominating payments in the Asian…
Posemesh announces a groundbreaking partnership with NuNet, a decentralized compute and orchestration platform. This partnership aims to develop the industry by combining advanced spatial computing technologies and decentralized infrastructures. NuNet shared this thrilling news on its official X account, sharing both firms’ common goals and dedication to driving innovation and building the future together. Big Announcement 📣We’re thrilled to announce a groundbreaking partnership between The @Posemesh and #NuNet! This collaboration sets new industry standards in spatial computing by combining decentralized infrastructure with cutting-edge technology.🧠 Discover how we’re… pic.twitter.com/SxFVTs88zH — NuNet (@nunet_global) August 30, 2024 New technologies emerge in the industry…
According to data from Bitcoin Magazine Pro, there are 1,012,650 Bitcoin addresses that contain 1 BTC or more. This represents more than 1 million BTC potentially taken off the market and held by strong hands, a significant portion of the 21 million BTC that will ever exist. Demand continues to rise as U.S. spot Bitcoin ETFs collectively hold over 901,000 BTC, while MicroStrategy, a major corporate Bitcoin holder, owns 226,500 BTC. Additionally, MicroStrategy plans to raise $2 billion to buy more Bitcoin, further emphasizing the trend of institutions buying and holding substantial amounts of BTC, tightening the available supply as…