Author: NBTC

Pump.Fun continued its selling spree on Wednesday, sending $1.33 million in Solana to Kraken for sales. The fee account of popular Solana-based memecoin launchpad Pump.Fun has sold some of its fee revenue. Data from Lookonchain shows that the protocol sent 9,940 SOL ($1.33 million) to American crypto exchange Kraken by 14.55 (UTC) on Wednesday. The transaction saw Pump.Fun’s sales tally hit 274,311 SOL ($42.93 million), about 38% of the total revenue the platform has realized. According to Dune’s data, Pump.Fun has raised 712,797 SOL ($95.87 million) in fees since its inception in January. Notably, the auction came a few days…

Big news is coming on Bitcoin. One of the biggest institutional investors in the cryptos, BlackRock, has significantly boosted the company’s exposure to Bitcoin. On October 30, 2024, BlackRock bought 12,127 BTC for approximately 877 million USD. It currently holds 429,185 BTC of them worth approximately $31.04 billion due to this purchase. This is the newest addition and the largest in terms of its size, as it is an addition to the company’s Bitcoin possession. BlackRock bought another 12,127 $BTC($877.17M)! #BlackRock currently holds 429,185 $BTC($31.04B).https://t.co/vRN1pM3q4t pic.twitter.com/mwTKzb0tGw — Lookonchain (@lookonchain) October 31, 2024 Steady Accumulation: BlackRock’s Recent Buying Spree In the…

Taiko’s TVL on L2 surged over 1,000%, reaching a record $81 million. Taiko’s daily transactions hit 5 million, marking new highs in Layer 2 Ethereum adoption. Taiko, a Layer 2 Ethereum network, has seen considerable growth over the last month. According to DeFiLlama, the Total Value Locked (TVL) on Taiko increased by more than 1,000%, reaching an all-time high of $81 million. Taiko’s native decentralized exchange (DEX), Panko Finance, and the lending platform Avalon Finance—all with TVL numbers above $30 million apiece—key players in this increase. TaikoScan’s data also showed that on November 4, daily transaction volume on the network…

Following former president Trump’s 2024 election victory, the cryptocurrency market has experienced a surge in optimism and buying interest. Ethereum was no exception, with its price spiking by 10% at one point, reaching the critical resistance level of $2.5K. A sustained break above this threshold could further fuel bullish momentum. Technical Analysis By Shayan The Daily Chart On the daily chart, Ethereum saw heightened buying activity near the $2.3K support, which coincides with the middle boundary of the multi-month descending channel. This buying pressure drove the asset back toward the 100-day moving average, aligning with the $2.5K resistance zone. This…

For any cryptocurrency startup, deciding when to approach venture capitalists (VCs) is a crucial problem. The best time to look for outside funding varies greatly, depending on the particular requirements of the project and the interests of the venture capitalists (VCs) involved. The investment thresholds of various VCs vary. While some investors are satisfied with the founding team’s strength and the idea alone, others look for concrete results like a Minimum Viable Product (MVP) or obvious market traction. All agree that raising money should never be seen as the final goal. Instead, it’s a strategic tool that must align with…

Grayscale Investments has announced the latest product in its portfolio of over 20 crypto investment products and it will track the performance of Ripple’s native token – XRP. Eligible individual and institutional accredited investors have the option for daily subscriptions from today. The announcement from Grayscale described XRP’s token as the asset “powering the XRP Ledger (XRPL), a distributed peer-to-peer network created to facilitate cross-border financial transactions.” “We believe Grayscale XRP Trust gives investors exposure to a protocol with an important real-world use case. By facilitating cross-border payments that take just seconds to complete, XRP has the potential to transform…

Gold is rising, and so is Bitcoin. And both are poised to continue seeing gains in the weeks to come thanks to geopolitical uncertainty, worries over the strength of the dollar, and the upcoming U.S. election, according to JP Morgan analysts. In a Thursday report, analysts at the bank said that a “debasement trade” is coming—which could further drive demand for both gold and Bitcoin and help push up prices. A Donald Trump victory next week in the U.S. presidential election increases the likelihood of such a trade, JP Morgan analysts said. A “debasement trade” is when traders try to…

As discussions around potential U.S. regulatory changes gain momentum, Rune Christensen, co-founder of MakerDAO and Sky Protocol, suggested that the victorious Donald Trump could revolutionize decentralized finance (DeFi). MakerDAO联创：特朗普的胜选或将推动DeFi领域的复兴据MakerDAO联合创始人Rune Christensen表示，特朗普的胜选或将推动DeFi领域的复兴，使用户数量增长十倍的可能性大大增加。Rune指出，与加密领域的其他部分相比，DeFi从美国减少监管不确定性中受益最多，因此更有机会在放松监管的环境中快速发展。 https://t.co/bHytdXKFud — PANews (@PANewsCN) November 7, 2024 According to Christensen, clearer regulations could drive significant DeFi user growth. He predicts that reduced regulatory uncertainty may lead to a 10x increase in users, potentially sparking a sustained DeFi boom. DeFi Growth and Regulatory Impact Christensen noted that DeFi is uniquely positioned to benefit from reduced regulatory barriers, more so than other crypto sectors. He stated that DeFi thrives in environments where…

Ethereum’s ecosystem is undergoing notable changes, according to an update by Leon Waidmann from Onchain Insights. In his latest post, Waidmann highlighted Ethereum staking reaching an all-time high while exchange reserves hit record lows. At the time of writing, Ethereum was valued at $2,680.40 showing a 9.26% growth over the past 24 hours. #Ethereum Staking at ATH levels, while ETH on exchanges is hitting record lows. 📈📉A supply squeeze incoming!Bullish #ETH 🟢🚀 pic.twitter.com/Vwd1RT2lwP — Leon Waidmann | Onchain Insights🔍 (@LeonWaidmann) November 6, 2024 These developments suggest a potential supply squeeze, which could boost ETH’s price. Also, on-chain data points to…

MicroStrategy (MSTR) might be on the verge of achieving a significant milestone. According to BitMEX Research, MSTR is just two trading days away from maintaining a 20-day streak of closing above $186.23 within a 30-day window. In a recent tweet, BitMEX Research highlights that MicroStrategy’s stock has held steady, maintaining a closing price above $186.23 for 18 out of the last 28 trading days. If this trend continues for the next two days, MSTR will have closed above this critical threshold for 20 trading days within 30 days. Looks like 2 more days to go, until $MSTR closes over $186.23…