Author: NBTC
Deep-pocketed crypto investors are abruptly shifting hundreds of millions of dollars worth of digital assets to and from unknown wallets. New data from whale-surveying platform Whale Alert reveals that over $350 million worth of Bitcoin (BTC), the top crypto asset by market cap, was moved in two separate transactions. The first transaction saw a crypto whale move 3,599 BTC ($252,067,077) from one unknown wallet to another while the second transaction saw 1,500 BTC ($105,528,550) shifted from an unknown wallet to another. Bitcoin is trading for $69,671 at time of writing, a 1.9% decrease during the last 24 hours but a…
The price of Bitcoin plunged to nearly $60,000 per coin on Tuesday afternoon, prompting liquidations for the positions of those betting on the price of the asset to go up. CoinGlass data shows that in the past 24 hours, over $261 million in long positions for all cryptocurrencies have been liquidated. Including short positions, total liquidations stand at over $324 million. In the past four hours alone, the figure stands at nearly $70 million—$24.4 million of which were positions in Bitcoin. Currently, the price of Bitcoin sits at $60,309 per data from CoinGecko, though crypto exchange Coinbase shows that it…
The Solana blockchain is home to hundreds of decentralized applications (dApp) that leverage the blockchain’s high throughput, scalability, and composability. There’s a reason it’s one of the largest DeFi ecosystems, with billions in total value locked. Decentralized exchanges (DEXs) underpin this bustling community and account for the lion’s share of the TVL on Solana. They provide users with the necessary tools to trade on-chain, swap between different tokens, offer liquidity, and much more. In the following, we attempt to provide comprehensive information on the best Solana DEXs, including important information about their protocols, but also: Key features Trading fees: critical…
The Ethereum network has reached a significant milestone, hitting 1 million validators. Terence Tsao, an Ethereum developer who goes by the name “Terence.eth” on X, took to social media to celebrate the milestone. “We reached 1 million validators,” Terence wrote on X, attaching a screenshot. According to the screenshot, Ethereum active validators have reached 1,000,012, while pending validators total 14,379. We reached 1m validators pic.twitter.com/DFtva43B2X — terence.eth (@terencechain) April 29, 2024 This milestone is accompanied by an impressive figure of approximately 32 million Ethereum staked (32,000,026 ETH). This figure represents around 26% of Ethereum’s total supply, demonstrating a substantial degree…
Agora, a cross-chain platform offering a new standard of governance tools for decentralized protocols, has raised $5 million in a seed funding round led by Haun Ventures. The round also saw participation from Coinbase Ventures, Seed Club Ventures, and Consensys Ventures, among others. Agora aims to help protocols organize their voting systems and tackle the often chaotic nature of token-holding voter governance. Co-founder Yitong Zhang, a former designer at Coinbase said in an interview that current systems for governance voting were “chaotic.” With Agora, however, Zhang believes that users can “have all the benefits of having your equity directly on…
As Solana meme coins continue dominating the bull market, traders are shifting to a new niche of cat-themed tokens. The meme coin market cap has increased by 9% today, reaching nearly $70 billion. Within this sector, the market cap of Solana meme coins has increased by over 20% today, exceeding $8 billion. However, the top gainers in the meme coin market today are not the most popular tokens like DOGE, SHIB, BONK, or even WIF, which reached a new all-time high. Instead, it’s a new category of cat-themed tokens. You might also like: Bitcoin futures open interest hits record $36b…
Ethereum (ETH) price surged as high as $3,350 on April 28, marking a 17% bounce in the last 10-day, as on-chain indicators reveal the key catalyst behind the recent uptick. Ethereum Holders Cut Market Supply by $17 million in 3-Days When Ethereum price tumbled to a 2024 low of $2,868 on April 19, it sparked fears of an incoming post-Bitcoin Halving crash driving ETH to new lows. However, rather than entering a large scale sell-off, ETH whale holders and Liquidity Staking Derivatives (LSD) users turned to the yield staking contracts to tide over the market downturn with passive income. As…
FED officials are meeting today to discuss interest rates and determine policy. They are expected to keep interest rates constant at the sixth meeting. When will FED cut interest rates? But analysts hope the coming months will provide much needed clarity on what to expect from the central bank. This clarity will be key for market watchers, who clearly have different views on interest rates. The predictions of Wall Street’s leading banks for the first interest rate cut are different from each other: While JPMorgan and Goldman Sachs expect the first interest rate cut to be made in July, Wells…
Ethena, the protocol for the synthetic crypto native dollar, has announced an airdrop of its governance token, ENA, for participants in its shard campaign. The platform has stated that after a 6-week shard operation, 750 million ENA (which is 5% of the total supply) will be airdropped, with the number of shards held by each user serving as the basis for the distribution. Ethena Announces 750 Million ENA Airdrop Ethena is joining the ranks of decentralized finance protocols that organize airdrops for their users. The protocol, which seeks to build a decentralized finance bond system outside the banking system and…
On-chain analyst Willy Woo believes that a critical time is arriving for Bitcoin (BTC) as he says bearish momentum subsides. Woo tells his 1.1 million followers on the social media platform X that key indicators suggest Bitcoin could soon see a bullish reversal. “Summary: it’s crunch time. BTC needs to make a decision. Technical indicators point bearish. The majority of my fundamentals signals point bullish. Macro liquidity will probably decide this.” The analyst says that Bitcoin’s cumulative volume delta (CVD), an indicator that aims to spot divergences by comparing buying and selling volume over a given time period, is starting…