Author: NBTC
One ETH trader has caught the market’s attention in a world of high-risk and high-gain cryptocurrency trading. With an impressive track record of swing trading $ETH, this trader recently bought 7,483 Ethereum tokens, equivalent to about $18.8M. This move further strengthens his position as a top performer, bringing his total profits to $2.14 million since August. Consistent Wins in the Market As per the data on Lookonchain, the trader in question has achieved 100% accuracy in swing trading. From 12 August to 28 September, he made ten trades, each bringing him a profit. These well-timed buys and sells generated a…
EMURGO partners with Zilliqa to enhance blockchain interoperability, liquidity, and governance, leveraging Cardano’s Web3 technologies. EMURGO, a blockchain technology company known for its role in driving the adoption of Cardano, has announced a significant partnership with Zilliqa Group. Zilliqa, a Web3 and metaverse venture builder, specializes in supporting luxury and entertainment sectors using advanced Web3 technologies, including its own Zilliqa blockchain. Focus on Interoperability and Liquidity This collaboration between EMURGO and Zilliqa Group goes beyond improving network interoperability. Both companies have emphasized enhancing the security of their networks by developing more robust, compatible liquidity channels. The aim is to enable…
Bullish sentiment has intensified in Ethereum futures, with positive funding rates pointing to optimism in ETH’s price potential. The funding rate metric in futures markets reflects buyer aggression, where positive values indicate bullish sentiment and negative values suggest bearishness. Recently, ETH funding rates turned positive, showing a shift toward optimism. Although the rates have yet to reach levels seen during previous strong rallies, the trend suggests increasing confidence in Ethereum’s potential for a rally. Source: CryptoQuant For Ethereum to overcome significant resistance levels, funding rates need to climb higher. Rising rates would indicate stronger buying interest from futures traders, adding…
The popular meme-inspired cryptocurrency Shiba Inu (SHIB) has been popping behind the scenes lately, with the volume of large transactions nearly tripling over the past 24 hours, according to data from IntoTheBlock. As such, the key metric that reflects whale activity skyrocketed by 287%, with SHIB hitting a major milestone of 1.1 trillion tokens moved over the past day. In dollar terms, this surge represented an increase from $5.3 million to $14.55 million. In total, there were 49 large transactions of at least $100,000 each. Calculating the average, it turns out that a single whale moved about 22.45 billion SHIB,…
Decentralized startup Instruxi has launched a new Mesh ID solution. The protocol has linked up with Chainlink to boost the Mesh ID connection. Instruxi, an innovative decentralized data management platform, has unveiled the Mesh ID as its latest Web3 solution. This pioneering solution streamlines access to tokenized Real-World Assets (RWAs) for over 22 million US residents, ushering in a new era of efficiency and privacy. Instruxi Partners with Chainlink, CLEAR, and Space and Time As revealed in a press release, Instruxi launched the new solution in partnership with top industry leaders, including Chainlink, CLEAR, and Space and Time. The Instruxi…
The illiquid bitcoin has risen to a record high of 74% of the circulating supply. The level reflects the increasing scarcity of BTC in the market and a potential bullish impact on its price. Almost three-quarters of bitcoin produced is considered illiquid, a record level that suggests increasing scarcity of the cryptocurrency in the market and a potential bullish impact on its price. Data tracked by ETC Group and Glassnode shows that illiquid entities now own 14.61 million BTC, worth over $826 million at current prices, equating to 74% of the cryptocurrency’s total circulating supply of 19.75 million. “Bitcoin’s illiquid…
Donald Trump-themed cryptocurrencies surged as World Liberty Financial announced a new governance token. Fight to MAGA (FIGHT) led the charge with a massive surge of over 150%, pushing its valuation to $10.3 million. TrumpCoin (DJT) also saw a strong rally, climbing 28% to reach $0.00032, its highest since Aug. 7, with daily trading volumes near $1 million. Meanwhile, MAGA (MAGA) rose by 18% over the past day, with a daily trading volume of $11.48 million. All these gains helped push the total market cap of political-themed tokens past $481 million. Meanwhile, the community sentiment around the tokens had also turned…
In a major step towards advancing Africa’s financial infrastructure, the Nairobi Securities Exchange (NSE) has teamed up with Hedera, aiming to drive tokenization efforts within Kenya and across the continent. Leveraging Hedera’s distributed ledger technology (DLT), this partnership seeks to streamline trading and remittances through a secure, efficient digital asset platform. As NSE celebrates its 70th anniversary, this collaboration positions it to lead tokenized asset trading in Africa, enhancing liquidity and offering investors exposure to innovative financial products. The NSE joins Hedera’s governing council, becoming one of the global organisations guiding this decentralised network. How Hedera’s DLT enhances NSE’s infrastructure…
Bitcoin (BTC) has dropped again, revisiting the $56,000 price level as predicted and reported by Finbold on September 1. What the cryptocurrency market primarily sees as a bearish signal, millionaire investors see as an opportunity, increasing their BTC stacks. The above is true for at least three Bitcoin whale addresses spotted accumulating millions of dollars in BTC these days. In particular, Finbold collected three posts from Lookonchain on X, reporting some of these millionaire investors who are bullish on Bitcoin. Notably, the recent purchases happened as September started in the red despite what the stock market calls the “September Effect.”…
The problem of low liquidity and high fees on Bitcoin Layer 2 platforms has been a major hindrance for traders and projects looking to use these platforms for asset swapping, trading, and launching. This can result in missed opportunities, slow transaction times, and increased costs. Velar is looking to solve this issue by facilitating seamless asset swapping, trading, and launches on the leading Bitcoin Layer 2 platforms, offering unmatched liquidity and flexibility. —Introducing DeFi Into The Bitcoin EcosystemGiving custody of Bitcoin to centralized exchanges has led to disastrous outcomes as we’ve seen in the past. Before the birth of Velar,…