Author: NBTC
Bitcoin price fell to as low as US$65,000 after trading around its all-time high throughout the week but sales volume of the network’s non-fungible tokens (NFT) stole the spotlight on Friday. Bitcoin emerged as the top blockchain for NFTs over the past 24 hours, recording over US$22.2 million, as of 1:40 p.m. ET. This represents an increase of 76.04% from the previous day’s sales of US$12.6 million. The number of NFT transactions also rose by 19%, from 5,744 to 6,835, indicating a surge in activity on the Bitcoin blockchain. Following closely behind Bitcoin are Ethereum and Solana, which ranked second…
The 120,000 ether deposited was acquired in February, when ETH was worth around $2,800. Ether.Fi is nearing $3 billion in TVL ahead of its governance token release later this month. A wallet tagged as belonging to Tron founder Justin Sun deposited 120,000 ether (ETH) worth $480 million to liquid restaking protocol Ether.Fi, according to blockchain data. The protocol, which raised $23 million last month ahead of announcing the release of its native token, is now nearing $3 billion in total value locked, DefiLlama data show. Ether.Fi also recently announced a $600 million deal with the Omni Network to help secure…
The financial markets have witnessed an influx into both cryptocurrency funds and US equity funds. Strategists at Bank of America, utilizing data from EPFR Global, have reported that for the week ending March 13, there was a notable surge in investments, marking a historic period for asset allocations. ❖ US stocks, crypto funds attract record weekly inflows: BofA Strategists at Bank of America led by Michael Hartnett have observed a significant movement of funds across various asset classes for the week ending March 13. The spotlight this week was on U.S. stock funds, which… — *Walter Bloomberg (@DeItaone) March 15,…
The XRP Ledger (XRPL) witnessed a massive spike in the XRP burn rate amid a price surge that saw XRP breach the much-coveted $0.65 price territory. The broader crypto market saw a resurgence of bullish momentum, and XRP was not left out in the rally. XRP began March below the pivotal $0.60 level, changing hands at $0.5868. Nonetheless, the token quickly broke through major resistance levels to close on March 1 at $0.6013. This slow but gradual price uptick spilled into March 2, resulting in a surge to a high of $0.6501, as XRP recorded one of its most bullish…
Coinbase introduces VeChain (VET) to the German market, expanding crypto accessibility. VeChain’s sustainability focus, VeBetterDAO, attracts attention, driving community engagement. Testnet launch of VeBetterDAO offers airdrop campaigns, fostering user participation. Coinbase, one of the world’s leading cryptocurrency exchanges, has expanded its offerings to Germany by adding VeChain (VET) and several other digital assets to its platform. The move comes amidst growing anticipation within the VeChain community for a significant surge in VET’s value, fueled by the project’s sustainability-driven initiatives. VOXEL, BIGTIME, TIA, HONEY, ONDO, ZETA, AERO, VELO, STRK, MOBILE, and VET are now available to Germany residents. — Coinbase Assets…
Open interest (OI) in Bitcoin futures and perpetual pairs on centralized exchanges (CEXs) have surged to a historic high following BTC unwavering rally to levels not seen since November 2021. According to Bitfinex’s latest weekly report, OI for Bitcoin futures and perpetual pairs reached $26 billion, surpassing the previous record of $24 billion set in Q4 2021. This rise signals growing investor confidence in a pre-halving rally pushing BTC price to and beyond its 2021 ATH of $69,000. Bitcoin Open Interest Surges Open interest for Bitcoin futures and perpetual pairs represents the cumulative value of all unsettled Bitcoin futures contracts.…
Known for adorable memes, its own cutesy language, and massive monuments to beloved pets, the multi-billion dollar ecosystem of Shiba Inu-themed meme coins is generally a place of cuddly cohabitation. But recent tensions between users in the Solana ecosystem—home to the exploding Dogwifhat (WIF) meme coin—and owners of the real-life South Korean dog who inspired the token may have created some trouble in pet paradise. On Thursday, a South Korean Instagram user announced that the Shiba Inu featured in the “Dogwifhat” meme, named Achi, was in fact their pet—and that to celebrate the dog, they planned to auction an NFT…
Ethereum price in the past month has generated billions of dollars in profits for its investors, following a 56% rally. However, this will most likely be paused as the bull market has reached its saturation point, and ETH will begin a decline while the market cools down. Ethereum Market Top Confirmed Ethereum price could be seen trading at $3,921 at the time of writing. The second biggest cryptocurrency in the world has grown by 56% in the past month, rising from $2,500 to trading price. In doing so, the ETH in circulation also became profitable, and with the digital asset…
VeChain starts another journey towards sustainability with the introduction of VeBetterDAO into the ecosystem. According to VeChain, it plans to onboard a million active users while addressing all the sustainability concerns. Sustainability has become an important subject in our environment with countries working tirelessly to achieve the 17 Sustainable Development Goals by the UN. Interestingly, this cut across several areas including economic, environmental, social, etc. Private enterprises have also turned to sustainable practices such as moving away from processes that jeopardize ways of carrying out business operations to methods that leave tremendous blueprints more sustainably by ethical consumers. Over the…
The Terra Luna Classic community’s token burn campaign to reduce the LUNC circulating supply finds support of another crypto exchange. Singapore-based crypto futures trading platform WEEX announced commitment to burn 30% of LUNC trading fees, similar to Binance burning 50% of trading fees for LUNC burn mechanism. WEEX and Binance to Contribute to LUNC Burn Crypto exchange WEEX in a post on the X platform revealed its motive to stand firmly with the Terra Luna Classic community and the LUNC revival efforts. WEEX plans to allocate 15% of trading fees from its Futures Pro and Spot platforms to contribute to…