Author: NBTC
Large Bitcoin (BTC) holders have acquired more than 43,100 BTC over the past two weeks, valued at approximately $4 billion, according to a recent reveal by Ali Martinez. CryptoQuant’s data cited by a prominent analyst shows that the total amount of Bitcoin held by whales – excluding exchanges and mining pools – went up from 3.4982 million BTC on April 13 to 3.5413 million BTC by April 27. The chart shows a steady climb, with a major increase between April 24 and 27. This is one of the most notable two-week growth periods in recent months. The most contributions to…
Data published by the analytics account Lookonchain on the social media X platform (formerly widely known as Twitter) shows that institutional whales have started to accumulate Ethereum again. This happened as the Ethereum price began to increase, adding 4.36% today and reaching $1,827 by now. $50.24 million ETH withdrawn from Binance and Coinbase The tweet shared that over the past few hours, a wallet connected to a major institutional crypto liquidity provider Cumberland has laid its hands on a substantial amount of crypto — 27,632 Ethereum worth roughly $50.24 million have been withdrawn from Binance, Coinbase and Copper. The screenshots…
⚈ Ripple will unlock 1 billion XRP on May 1, worth over $2.2 billion.⚈ The added supply may briefly pressure XRP, already down 2.78% today.⚈ Most unlocked XRP is usually relocked, limiting long-term price impact. While XRP has been on a mild uptrend since mid-April, reaching two temporary highs near $2.30, the last 24 hours saw a substantial downtrend as the token plunged 2.78% to its press time price of $2.23. The timing of the downward correction has been particularly unfortunate as Ripple Labs is scheduled to unlock 1 billion XRP, worth just over $2.2 billion, tomorrow, on May 1.…
South Korea’s leading digital asset exchange Upbit has announced the addition of Sign (SIGN) to its KRW, BTC, and USDT trading markets, expanding the number of assets it supports and giving users greater access to Web3 infrastructure projects. Upbit Starts Sign Trading in KRW, BTC and USDT Markets According to the official statement, SIGN deposits are currently open, but users are strongly advised to confirm the appropriate network before transferring funds, as deposits made via unsupported networks may be subject to lengthy refund processes. Upbit also announced trading restrictions to ensure market stability during the launch: Buy orders will be…
Bitget, a leading global crypto exchange, and Avalanche, the high-performance smart contracts platform, have announced a strategic collaboration focused on accelerating Web3 development across India. The partnership shows a commitment by both firms to invest in India’s fast-growing blockchain ecosystem—home to more than 1,000 Web3 startups and some of the world’s most active crypto users. The goal is to reach more cities, engage more youth, and fund more ideas. Together, Bitget and Avalanche aim to enable local builders, students, and developers with the tools, exposure, and financial backing they need to build for the future of the internet. A Shared…
Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. For millions of adopters, Bitcoin (BTC) represents freedom from capital controls, centralized intermediaries, and central bank debasement. But for institutions, holding Bitcoin isn’t free. In fact, it comes with persistent, measurable costs that accumulate quietly and erode value over time. This is Bitcoin’s “silent tax”—the negative carry that stems from fees, insurance costs, accounting friction, and opportunity cost. You might also like: US Bitcoin reserves a win-win for inflation and solidifying Bitcoin’s value | Opinion For an…
The Ethereum ecosystem has recorded its highest-ever number of active addresses, hitting 15.4 million in a single week. The surge is largely driven by activity on Layer 2 chains like Base and Unichain. Layer 2 Networks Account for Majority of Ethereum Activity According to on-chain data shared by analyst Leon Waidmann, Ethereum-compatible chains saw a 62.7% week-over-week jump in active addresses. Layer 2 networks now handle 6.65 times more transactions than the Ethereum Mainnet. Related: Why ZKsync’s founder believes Ethereum’s real strength lies in staying neutral Ethereum’s modular design pushes most user activity onto Layer 2 chains while using the…
Robinhood’s (HOOD) record crypto trading revenue from the last quarter of 2024 may prove hard to repeat, according to JPMorgan analyst Kenneth Worthington, who forecast a drop in digital asset volumes for the first quarter of this year. The online trading platform reports first quarter results after the U.S. market close on Wednesday. The fourth quarter’s staggering 700% surge in cryptocurrency trading revenue was behind a sizable jump in HOOD’s overall transaction-based revenue. Worthington, however, sees that momentum stalling in the first quarter, citing a decline in both equity and crypto markets, especially in the latter half of the quarter.…
Alpaca Finance (ALPACA), one of the most talked about altcoins of recent days with the rise it experienced after Binance’s delisting announcement, experienced a big jump in the last 24 hours. Alpaca Finance, which claims to be “the largest lending protocol that allows leveraged yield farming on BNB Chain and Fantom,” jumped from $0.181 to $0.950, up 422% in less than eight hours. While the huge leap experienced by ALPACA surprised everyone, the price suddenly dropped by 92% yesterday. Many cryptocurrency experts and investors believe that the 422% rally was mainly due to Binance’s upcoming delist event on May 2.…
Hyperliquid will adopt a new system to calculate fees on the platform, which includes different tiers for staking as well as separate fee schedules for perpetual contracts and spot trading. In a recent post, the decentralized exchange announced that it will start implementing the new fee system and staking tiers starting from May 5 at 03:00 UTC. The new fee system includes lower trading fees when users stake HYPE (HYPE), the platform’s utility token. Based on the staking tiers, users will be eligible for trading fee discounts ranging from 5% to 40%. Divided into six staking tiers, the discounts will…