Author: NBTC

In a positive development for Ethereum (ETH) investors, CryptoQuant analyst Baykuş reported on X that a substantial 79.92% of Ethereum addresses are currently in profit. This high percentage indicates a strong bullish sentiment among Ethereum holders. Additionally, Baykuş provided a technical analysis outlining key support and resistance levels, offering valuable insights into Ethereum’s potential price movements in the near term. Introduction to Ethereum’s Profitability Overview of the Profitability Metric The statistic that 79.92% of Ethereum addresses are in profit is a significant indicator of overall market sentiment and investor confidence. This metric suggests that the majority of Ethereum holders have…

Tel Aviv, Israel – COTI, the Layer 2 privacy blockchain, made waves today as the Bank of Israel concluded its Digital Shekel Challenge, hosting final presentations and awards at the Tel Aviv Stock Exchange. Competing alongside industry giants like PayPal and Fireblocks, COTI presented a decentralized marketplace concept for Real-World Assets (RWAs), powered by CBDCs.—As the only blockchain-based project to reach the challenge’s final stages, COTI’s submission introduced a CBDC-driven platform where users could buy and sell RWAs directly, leveraging the Digital Shekel to simplify and secure transactions. Drawing inspiration from the BIS’s Icebreaker Project, COTI designed this marketplace around…

The DeFi sector has recently witnessed a significant development in the case of top infrastructure coins in terms of weekly trading volume. As per the data from Phoenix (a crypto analytics provider), the prominent infrastructure tokens based on weekly trading volume take into account Fetch AI ($FET), Chainlink ($LINK), Fantom ($FTM), Filecoin ($FIL), Aethir ($ATH), Layer Zero ($ZRO). Moreover, Stacks ($STX), Rune ($RUNE), Celestia ($TIA), Livepeer ($LPT), Lido ($LDO), IO Net ($IO), Arweave ($AR), Alchemy Pay ($ACH), and Tailo ($TAIKO) are also among significant performers. TOP #INFRASTRUCTURE TOKENS BY WEEKLY TRADING VOLUME$FET $LINK $FTM $FIL $ATH $ZRO $STX $RUNE $TIA…

Major Bitcoin whales bought 1,050 BTC, reflecting investor confidence even amid recent price dips and market volatility. Bitcoin’s price cycles align with the U.S. election showing repeated pre-election consolidation and post-election rallies. Ahead of the 2024 U.S. election, whale purchasing suggests a positive mood as Bitcoin consolidates close to its all-time high. Bitcoin’s price dropped, and whales resumed the accumulation of BTC in large quantities. Lookonchain reported that one whale bought 500 BTC worth $34.9 million at $69,799. This whale had previously acquired 501 BTC at $30,233 in June 2023, resulting in an unrealized profit of $19.8 million. Another whale,…

Ethereum (ETH) is currently hovering around critical support and resistance levels, with recent trading activity suggesting that a breakout or breakdown might be on the horizon. Ethereum Looking at the daily chart, ethereum (ETH) has trended downward since hitting a high of $2,769.4 in Oct. A consistent lineup of red candles underscores the selling pressure, with support clustering around the $2,410 mark, acting as a firm buffer against further declines. Resistance is evident between $2,550 and $2,600, matching past price highs. Trading volume has eased recently, which could hint at dwindling bearish enthusiasm—unless sellers reassert themselves to continue the trend.…

Crypto services provider Matrixport’s RWA platform has announced the launch of XAUm. This is an on-chain gold token that will support Ethereum and BNB Chain. XAUm launched on September 16, 2024. Matrixdock is expanding its RWA market with XAUm, an on-chain gold token backed fully by physical gold bars at the London Bullion Market Association. The LBMA physical gold bars backing the on-chain gold token have 99.99% purity, Matrixdock noted in an announcement. XAUm will be available as an ERC-20 token on Ethereum and as a BEP-20 token on the BNB Chain. Its issuance is pegged 1:1 to a troy…

Deribit’s bitcoin volatility index jumps to its highest since late July. Implied volatility in EUR/USD and U.S. Treasury notes surges to at least one-year highs. Markets price a significant risk premium around the impending U.S. elections. An options-based measure of expected price swings in bitcoin (BTC) has hit a three-month high amid indications from betting markets of a tightly contested U.S. presidential race in crucial swing states. Leading crypto options exchange Deribit’s bitcoin implied volatility index (DVOL), a closely watched gauge of expected price swings over 30 days, rose to an annualized 63.24%, the highest since late July, according to…

In October 2024, the NFT market recorded remarkable activity, with several high-value sales reflecting sustained interest in digital collectibles. Leading the month’s sales was the “Chatbot and Chill?” NFT sold its products for 800 ETH, equivalent to about $1,920,142. TOP #NFT SALES IN OCTOBERAmong the largest sales in the October are:#CryptoPunks#SuperRare#AzukiLargest Sale: Chatbot and Chill? – $1.92M pic.twitter.com/uf536cc5mp — PHOENIX – Crypto News & Analytics (@pnxgrp) November 3, 2024 This sale is evidence of collectors’ and investors’ ongoing desire to acquire novel digital artwork. Phoenix, a crypto analytical and news platform revealed the stats of top non-fungible token (NFT) sales…

This is a segment from yesterday’s Forward Guidance newsletter. To read full editions, subscribe. Dominic Rizzo, who manages T. Rowe Price’s new technology-focused ETF, is “a big believer” in crypto, DeFi and stablecoins. “Over the long run, I think there are going to be plenty of applications that utilize the technologies,” he said. “Unfortunately, right now — as a public market equity investor — there are actually not a lot of ways to get exposure to those trends (that fit my investment frameworks), outside of Coinbase.” 0.89% of the fund’s total holdings are in COIN, as of Tuesday. A drop…

The crypto community witnessed another exchange between Cardano founder Charles Hoskinson and the Solana community amid their ongoing rivalry. This time, the interaction occurred in the context of a humorous, fake news article shared by Nansen CEO Alex Svanevik on X. Svanevik posted a screenshot of a fabricated article, which claimed that Singaporean customs officers arrested the founder of Solana-based protocol Solend (now Save Protocol) for attempting to smuggle 20,000 condoms into the city-state. The report suggested the condoms were for an upcoming crypto conference, specifically Solana’s Breakpoint event, set to take place in Singapore. The timing and content of…