Author: NBTC
PancakeSwap, one of the leading decentralized crypto exchanges, is gearing up for its fourth anniversary on September 22. In a recent announcement, the exchange revealed that it’s extending the deadlines for two of its celebratory campaigns, giving fans more time to participate and win big. 🎂 PancakeSwap’s 4th Birthday: #Pancake4ever Campaigns Update 🥞 To celebrate more of PancakeSwap’s 4th birthday with you, we’ve extended the deadlines for the Tee Design & Bake-Off to Sep 16—making sure everyone gets a chance to join the fun! 🎉 Engage now and compete for over… pic.twitter.com/Ae81HSMLko — PancakeSwap is turning 4 #Pancake4ever (@PancakeSwap) August…
Bitcoin has surged nearly 28% from its recent low of $49,000, climbing back near the $60,000 level. This rebound follows a notable drop in August, where Bitcoin’s price tumbled by 33.32% from its cycle high of $73,666. This decline was the largest of the current cycle. At press time, Bitcoin price is $59,676.84 with a 24-hour trading volume of $35,050,958,497. Bitcoin is down 1.24% in the last 24 hours with a market cap of $1,177,959,350,244. Over the last 7 days, Bitcoin has risen by 8.88%. Key metrics, such as the Mayer Multiple, show the severity of this downturn. The Mayer…
While Bitcoin (BTC) and altcoins experienced serious declines in August, the largest altcoin, Ethereum, drew attention with its 23% decline in a month. What Are the Four Major Events That Influenced the Ethereum Drop? Behind Ethereum’s decline are the sales of the Ethereum Foundation, market makers, and whales, while blockchain analytics platform Spot On Chain has detected four major sales in ETH, which has experienced two sharp declines in the past month. Accordingly, the first event was the Ethereum Foundation’s sale of 35,400 ETH worth $94 million. On August 23, the Ethereum Foundation deposited 35,000 ETH (worth $93.8 million) to…
Robot Ventures, an early-stage investor in notable crypto startups such as EigenLayer, Lido Finance, and Flashbots, has announced a new $75 million venture capital fund, according to a report by Muyao Shen for Bloomberg. The crypto venture investing landscape has witnessed a revival this year, fueled by a significant upswing in token prices since their previous lows. This positive momentum has attracted renewed interest from investors, as evidenced by other recent fund launches like Hack VC’s $150 million fund in February and Paradigm’s $850 million fund in June, Bloomberg reports. Robert Leshner, a general partner at Robot Ventures, highlighted the…
Baby Dogecoin, the memecoin built by Dogecoin Community members, has taken the X-verse by storm. Its inception came with a noble vision to support animal welfare and animal adoption, leading to a massive 2.4 million followers on X. On August 30th, 2024, the token went under maintenance for two hours and came back with a bang. The token announced an update for the BabyDoge PAWS Players, where it is introducing a promotional weekly theme. 📢 Attention BabyDoge PAWS Players! 📢 🐾 We had some exciting news, but first, we needed a little downtime! A scheduled maintenance began at 14:30 UTC…
If Bitcoin and Ethereum break above $70,000 and $4,000, respectively, it could set off a “sexy shitcoin soiree” in alts, writes Bitcoin billionaire Arthur Hayes in his new essay. But first, markets will have to navigate the contentious U.S. election. The BitMEX co-founder called Vice President Kamala Harris, the presumptive Democratic nominee, a “first-class political muppet.” But he added that she has an advantage over Donald Trump simply because she “is not an octogenarian vegetable.” According to Hayes, this seemingly low bar might be all Harris needs to secure a victory against Trump—particularly given the volatile state of American politics…
Welcome to the On the Margin Newsletter, brought to you by Ben Strack and Casey Wagner. Here’s what you’ll find in today’s edition: How markets are reacting to the latest inflation print that was just in line with expectations. Ben unpacks what’s happening — or not happening — with bitcoin ETF (and other crypto) options. It was another volatile week for markets, even as data points showed few surprises. We break down what happened. Markets react to final PCE before anticipated FOMC We are 19 days out from the next policy-setting Fed meeting and the latest inflation numbers are in.…
Telegram tap-to-earn game players got exciting news this week, as the developers of viral crypto game Hamster Kombat announced that the HMSTR token launch is now set for September 26 on The Open Network (TON), following a delay from the original target of July. But that announcement was couched by plenty of less appealing news around the network. Last weekend, Telegram co-founder and CEO Pavel Durov was arrested in France, prompting a price plunge for TON plus uncertainty around the Telegram-linked network. And then on Tuesday, ahead of the Hamster Kombat announcement, TON stopped processing blocks for hours due to…
While the decline in Bitcoin and altcoins has caused some investors to panic and fear, for some investors it is simply seen as a good buying opportunity. At this point, whales saw the sharp decline in BTC as an opportunity and started to accumulate. According to a post by on-chain data analytics platform Spot on Chain, two new whales bought 2,435 Bitcoins worth a total of $145 million from Bitfinex and Binance. Accordingly, one address starting with “bc1qr” purchased 1,500 BTC (worth $89.1 million) from Bitfinex at an average price of $59,393, while the other address starting with “0xbe6” purchased…
Ethereum (ETH) price is exhibiting both positive and negative signals, with the latter coming from investors. The positive sentiment, however, comes from the market, which hints at the right conditions for accumulation. Ethereum Investors Have an Opportunity Following Ethereum’s price drop, along with the rest of the market, a wave of panic set in. The 8.3% drop in the last 24 hours significantly impacted investors as they moved to sell. According to the Realized Loss Indicator, over $144 million worth of ETH was sold within a day. The indicator measures the total losses arising from the ETH sold in the…