Author: NBTC

TRX, the native currency of decentralized blockchain platform TRON, has seen a major bullish development today. While its price has remained steady recently, a trend not seen across the market, TRX is hinting toward another upward trend in the near future. Bulls are also jumping on the TRX bandwagon amid this positive sentiment. IntoTheBlock, a leading market intelligence platform, recently tweeted about a strong bullish signal for the TRON-based coin. They tweeted that TRX has surged 237% over the last year in its long-term holder addresses. As of press time, the TRX coin has almost 90 million long-term holder addresses.…

Jack Dorsey’s payment firm Block (SQ) plans a renewed focus on building equipment for bitcoin (BTC) miners and its self-custody crypto wallet, funded partly by giving up on creating a new decentralized internet dubbed “Web5” and investing less in music streaming app Tidal. The decision was revealed the same week that Donald Trump won the U.S. presidential election, promising a far-friendlier environment in the world’s largest economy for crypto. Bitcoin mining was an industry he pledged while campaigning to foster — likely welcomed news to a business suffering from dramatically lower profitability following the so-called halving earlier this year, which…

An OG Bitcoin advocate made a bold forecast that demand for Bitcoin will increase rapidly in the near future, bolstering the estimates of some crypto experts that BTC is on a trajectory to hit the six-figure level. OG, short for “original gangster” or “original gangsta,” is a slang expression for someone who is exceptional, unique, or “old-school.” The BTC supporter also suggested that the coin is moving in the direction that will allow the crypto to outshine gold, the US dollar, and other major assets soon. Rising Over Gold, Greenback ShapeShift CEO Erik Voorhees, an early investor of Bitcoin, sees…

The DeFi analytics platform IntoTheBlock confirmed on November 7 that high-risk DeFi loans had surged due to market sentiment increasing their demand among investors. The DeFi analytics firm still expressed growing concern about volatility within DeFi due to the U.S. presidential elections. According to IntoTheBlock, possible volatility could put pressure on leveraged positions. Investments in high-risk loans involve using borrowed funds to increase the potential of returns. In the past, investors with leveraged positions could either benefit from volatility or fall into higher risks. The current rise in decentralized finance loans has been visible since the beginning of the year,…

Ethereum is recording impressive interest from large holders as its price surpasses the three-month high of $2,800. Ethereum (ETH) gained 8% in the past 24 hours and is trading around the $2,800 mark. The leading altcoin saw its market cap surpass $336 billion. Its daily trading volume increased by 27%, reaching $38 billion. ETH price | Source: crypto.news Earlier today, ETH rose to a local high of $2,870, but witnessed a quick correction due to short-term profit-taking. The ETH price hike was accompanied by a strong wave of whale transactions. According to data provided by IntoTheBlock, Ethereum recorded a 60%…

Something strange has been happening with Dogecoin (DOGE) over the past 24 hours. According to IntoTheBlock, the number of large transactions in the meme coin jumped from 571 to 717. These transactions, valued at over $100,000 each, saw an increase of 146 units, representing an additional $14.6 million in transaction activity. Normally, as the number of large transactions increases, so does the volume. But here’s the anomaly. Even though there were more transactions, the total value of large transactions actually decreased over the past 24 hours. It went from 7.82 billion DOGE to 7.51 billion DOGE, which in dollar terms…

Peter Schiff warns that Microstrategy’s $42 billion plan to boost bitcoin holdings, funded by debt and equity, risks a dangerous liquidity trap. He called Michael Saylor “the Egg Man.” Liquidity Trap Looms? Schiff’s Ominous Message for Microstrategy’s Bold Plan Economist and gold advocate Peter Schiff has called out Microstrategy executive chairman Michael Saylor’s latest bitcoin acquisition strategy, likening it to an old investment joke about market overreach. In a post on social media platform X Thursday, Schiff wrote: Michael Saylor is the Egg Man. His latest announcement is that MSTR will spend another $42 billion to buy bitcoin, funded by…

The total value locked in derivatives has recently hit the $4 billion mark. This shows the significant growth in DeFi. Over time, the DeFi sector has seen an increasing trend of immense popularity. Historically, Decentralized Finance (DeFi) has experienced phases of significant growth and consolidation.According to data from @Intotheblock, the Total Value Locked (TVL) in DeFi derivatives has surged from a modest beginning in mid-2020 to exceed $4 billion by November… pic.twitter.com/xVbhpFq9a8 — C_THUMBS || ₿ || (@C__thumbs) November 7, 2024 Expanding significantly since mid-2020, the DeFi derivatives market shows a clear increasing trend. This rise points to more investor…

Ethereum’s dominance in blockchain continues to spark discussions among industry experts. Recently, Adam Cochran, a professor of information science, explained the reasons behind Ethereum’s leadership, highlighting regulatory factors, capital advantage, and adaptability compared to other smart contract platforms. Ethereum’s Rising Importance in the Future of Finance Steven, the research director at The Block, recently asked on X why Ethereum has suddenly become an “extremely useful blockchain with the future of finance being built on it.” His observation underscores Ethereum’s growing role in shaping decentralized finance (DeFi), though the reasons for its success were not immediately clear to him. In response…

Polymarket took a massive hit as Trump’s betting odds sank after a whale investor offloaded $3 million in Trump shares. This dump came right after GCR, a high-profile crypto advisor, tweeted about taking profits on his Trump bets, sparking a frenzy among traders. Within minutes of his tweet, the account ‘larpas’ started unloading Trump shares, dragging down Trump’s odds by 4% before they rebounded slightly to 58.1%. GCR’s comments struck at the heart of the speculation machine that’s been driving Trump’s odds on Polymarket, especially as Election Day looms closer. The tweet triggered a wave of reactions on Crypto Twitter…