Author: NBTC
In a large $ENA trade, a whale known as “0x687” sold 4.96M $ENA tokens on Binance, making $2.38M in profit. The tokens were sold at an average of $1.23 per token, making the total sale $6.01 million, as per the information gathered from Spot On Chain. Another whale is offloading #DeFi tokens, and this time it’s $ENA!Whale “0x687” unstaked and deposited 4.96M $ENA ($6.01M) to #Binance at ~$1.23, 40 minutes ago.The whale withdrew 5.97M $ENA from Binance at ~$0.75 ($4.46M) between May 10 and Dec 2, 2024, for staking.If… pic.twitter.com/jxy0tWo3rQ — Spot On Chain (@spotonchain) January 6, 2025 Therefore, this…
The demand for XRP exceeds that of other crypto on US-based exchanges, with trading volumes surging significantly since November, according to a recent Kaiko report. The report highlighted XRP growth in trading activity using Coinbase’s latest earnings report. For the first time in recent history, XRP contributed more to the exchange’s trading-based revenue than Ethereum (ETH). XRP accounted for 14% of Coinbase’s total trading revenue in the fourth quarter, reflecting a broader trend across US-based exchanges. The surge in XRP’s trading volume comes after its re-listing on major US exchanges last year after Ripple Labs secured a partial court victory…
KYC (Know Your Customer) is increasingly becoming an essential legal requirement for mining pool providers. Although this concept is relatively new to the mining industry and raises questions within a community that values the Crypto Punk ethos, some misconceptions exist about what KYC involves and why it is necessary. To understand the rising demand for KYC in our industry, it’s essential to examine how mining has evolved and where it stands today. The Evolution of Mining For years, mining allowed individuals to contribute to the Bitcoin (and other blockchain) networks while earning rewards. However, with the advent of ASIC machines,…
Bitcoin’s price surged past $97,000 on Thursday, climbing 2% to hit $97,011. This modest bump capped a 3% gain since the start of 2025, as the crypto markets began shaking off the losses that weighed them down at the end of last year. Investors appear to be waking up with new optimism, ready to see where this unpredictable market takes them. XRP led the rally with a 10% gain. Meanwhile, Coinbase and MicroStrategy, two major crypto-linked stocks, saw their shares jump 4% each. Optimism around regulation and IPOs fuels momentum This year could be a game-changer for crypto, largely thanks…
Despite a volatile past two weeks, driven by Donald Trump’s proposed trade tariffs and higher-than-expected January 2025 inflation data in the US, Ethereum (ETH) has successfully defended the $2,380–$2,460 demand zone. Now, analysts are eyeing a potential move toward $3,000 for the digital asset. Ethereum Defends Key Demand Zone Amidst Volatility According to an X post by crypto analyst Ali Martinez, ETH has managed to hold above the critical $2,380 – $2,460 demand zone. With no major supply barriers ahead, the cryptocurrency could be on track to reach the $3,000 price target. For the uninitiated, a demand zone in trading…
VeChain (VET) is undergoing significant changes in 2025, building on the success of the VeBetterDAO launched in 2024. The blockchain project is prioritizing development and partnerships while capitalizing on the current market bull run. VeChain’s co-founder and CEO, Sunny Lu, shared his vision for the future during an interview on the Thinking Crypto podcast. Lu described the VeBetterDAO as a “super hub” for innovation, highlighting its fair token launch, where 100% of the supply was distributed to those contributing to the ecosystem. The DAO supports “X to Earn” applications, which incentivize positive behaviors and actions in users’ daily lives. According…
Major corporations and sovereign nations are poised to add Bitcoin to their balance sheets in 2025, with five Nasdaq 100 companies and five nation states expected to make such announcements, from Galaxy Research’s report “Crypto Predictions for 2025. These allocations will be driven by strategic considerations, portfolio diversification needs, and trade settlement requirements. Galaxy Research analyst Jianing Wu notes that competition among nation states, particularly those unaligned with major powers or those holding large sovereign wealth funds, will fuel strategies to mine or acquire Bitcoin. The US spot Bitcoin exchange-traded products (ETPs) are projected to reach $250 billion in assets…
Ethereum’s (ETH) mega-upgrade Prague-Electra, or Pectra, will debut on Holesky testnet Feb. 24, while Sepolia activation is set to happen in early March. Stress-tests on both testnets will help developers decide on the exact timing for mainnet activation of Pectra. Ethereum Pectra date confirmed by Tim Beiko: Activation starts in 10 days Ethereum Foundation’s Tim Beiko shared the timeline of testnet activation of Pectra, a mega-upgrade to Ethereum’s tech design. According to his thread on X, Pectra will go live on Holesky Feb. 24, 2025, while its Sepolia debut is set to happen March 5. Pectra is coming to Ethereum…
Cryptocurrency analysis company Santiment, in its latest published data, touched upon the interest rates of developers in tokens on Solana, one of the most popular cryptocurrency networks at the moment. The Solana ecosystem is particularly preferred due to its high speed and low transaction costs. Both of these features are being tried to be provided by layer 2 solutions on the Ethereum side. In addition, the Solana ecosystem has recently become an area where the memecoin theme has particularly intensified. However, interestingly, we see that the focus of developers is not on memecoins but on more robust projects. Here are…
The biggest cryptocurrency, Bitcoin (BTC) has once again been rejected at the 1.6x Golden Ratio Multiplier resistance, a level that coincides with its previous all-time high. Cryptocurrency is testing its resilience against this formidable barrier as the current all-time high revolves around the $108,000 mark. (Source: Bitcoin Magazine Pro) According to Bitcoin Magazine Pro, If BTC breaks through this crucial resistance, it could trigger a possible rally toward the 2x multiplier resistance at $135,000. With the bullish sentiment growing in 2025, the upcoming days could determine if BTC’s next leg of its historic run begins or if further consolidation is…