Author: NBTC
A widely followed crypto analyst is issuing an alert about Bitcoin (BTC), saying that the top digital asset could collapse if one key level breaks down. In a new strategy session, crypto trader Justin Bennett tells his 113,900 followers on the social media platform X that Bitcoin could plunge more than 8% from its current value. Bennett uses the whale versus retail delta indicator (WRD), which gauges whether whales or retail traders are more bullish. A higher value means more whales are longer Bitcoin than retail traders. The declining WRD value is bearish Bitcoin since whales tend to be a…
Ethereum has found it difficult to keep up with Bitcoin, which has surged to record highs in recent weeks. Ethereum has maintained a descending price channel, indicating a more muted performance, while Bitcoin has garnered attention with its spectacular rally. The market appears to be generally bullish, but ETH does not appear to have the momentum necessary for a big breakout. Ethereum appears to be stuck in a downward trend, with no immediate indications of an upside breakout, according to the daily chart’s current descending channel. Selling pressure has reacted to recent attempts to break above resistance, highlighting the upper…
The UAE is well on its way to transform their financial sector by tokenizing the U.S. Treasury bills (T-Bills) on the blockchain through the Realize T-BILLS fund. This groundbreaking initiative aligns with the global demand for secure, accessible, and decentralized financial products. Traditionally, these U.S. government-backed T-Bills are low-risk investments. However, their use has been mostly limited to traditional financial markets, making them less accessible to tech-savvy investors in the blockchain space. And by tokenizing T-Bills through the Realize T-BILLS Fund, UAE wants to fix this. This combines the security and stability of T-Bills with the accessibility and transparency of…
According to data shared by the Shibburn tracking platform, over the last 24 hours, the SHIB burn rate has gone deep down into the red zone, with just a tiny amount of meme coins extracted from the circulating supply. In the meantime, the pace of activity on Shibarium continues to remain slow, which does not provide any good contributions to regular SHIB burns. SHIB burns plunge, so does Shibarium activity The above-mentioned burn transaction tracker shows that over the last 24 hours, the burn rate is almost -20%, with a total of 2,516,677 SHIB coins transferred to unspendable blockchain addresses…
Attorney Fred Rispoli suggests that the potential overhaul of the SEC leadership under U.S. President-elect Donald Trump could lead to a faster resolution of the Ripple lawsuit. The pro-XRP lawyer made the projection yesterday, noting that Trump’s emergence as U.S. president-elect is good news for crypto. Notably, he expects this victory to affect the appeal timeline of the Ripple lawsuit. As reported earlier, Rispoli predicted that the U.S. Court of Appeals for the Second Circuit would issue its verdict for the case by 2026. Now, he believes a resolution would happen sooner following Trump’s victory. How Trump’s Victory Changes Ripple…
In a surprising move, a major Ethereum (ETH) whale recently sold 14,240 ETH worth nearly $37 million at a significant loss of $12.8 million. This transaction occurred as Bitcoin (BTC) reached a new all-time high (ATH), but Ethereum remains nearly 47% below its own ATH. This sudden sell-off has caught the attention of the market, as it contrasts with the general bullish sentiment following Bitcoin’s recent gains. While Bitcoin’s surge to its ATH has brought renewed optimism to the crypto market, Ethereum’s price has not mirrored this upward trend to the same extent. According to Lookonchain which highlighted the development,…
Crypto custodian, Zodia Custody, aims to raise $50 million from investors to fuel its plans to branch out into new regions and expand its product range. According to a Bloomberg report on Nov. 4, Standard Chartered’s crypto custodian subsidiary Zodia Custody is looking to raise $50 million in a round of funding, said Zodia Custody Chief Executive Officer, Julian Sawyer. Sawyer stated the crypto custodian wants to use those funds to expand its operations to include previously untapped regions and add to its growing list of products. Moreover, he explained that even though Zodia Custody is backed by a number…
Grayscale will launch the first US XRP trust, Fox Business reported. The move paves the way for a potential spot XRP ETF. Crypto asset manager Grayscale is taking the first step toward launching an XRP exchange-traded fund, FOX Business has learned. The report stated that Grayscale will announce the launch of the first US XRP trust, which will offer accredited investors direct exposure to XRP. Two of Grayscale’s investment trusts, the Bitcoin (BTC) and Ethereum (ETH) Trusts, have both converted to ETFs this year. Given Grayscale’s success, it’s possible the company’s XRP trust could also become an ETF. At this…
Kaiko, a reputed cryptocurrency market data provider, revealed that Bitcoin (BTC) was at a 1% discount in the South Korean market last week. This recent decline has come to be referred to as the ‘Kimchi Discount,’ in contrast to the more common ‘Kimchi Premium’ in the Bitcoin market, in which the cryptocurrency trades at a higher price in South Korean exchanges than the rest of the world. .@KaikoData’s latest report reveals that #Bitcoin briefly traded at a 1% discount in South Korea last week, marking the second discount since September. This March, the premium hit 10% before settling at 1-2%…
Vlayer, a pioneering crypto startup, has successfully secured $10 million in a pre-seed funding round, focusing on the groundbreaking development of “Solidity 2.0.” This substantial funding will accelerate the launch of new features aimed at integrating real-world data into Ethereum’s smart contracts, addressing a crucial gap in blockchain technology. According to co-founder and CEO Hubert Rachwalski von Rejchwald, “We offer access to additional verifiable data sources directly from Solidity code,” highlighting the innovative capabilities of their platform. Vlayer raises $10 million to develop “Solidity 2.0,” integrating real-world data into Ethereum smart contracts, marking a significant advancement in blockchain technology. Vlayer’s…