Author: NBTC

he Ethereum Foundation created a multisig wallet to transfer 50,000 ETH to increase DeFi participation. The organization plans to back the wallet with around $150 million worth of ETH, but noted that the setup could take several days. Hsiao-Wei Wang, who was recently appointed to a leadership role at the foundation, said in a statement: “The Ethereum Foundation (EF) has set up a new Safe 3-of-5 multisig wallet… An operation has been initiated to send 50,000 ETH to it, but be patient; due to signature delays, this will take a few days to process.” There have been long-standing concerns about…

Investment Highlights Shared Commitment to Innovation, Free Speech, and Future Growth December 20, 2024 – Tether, the largest company in the digital asset industry with more than 350 million users, announced today that it has entered into a definitive agreement to make a strategic investment of $775 million in Rumble (NASDAQ: RUM), a leading video-sharing platform and cloud services provider. The investment includes a primary commitment of $250 million in cash, with Tether also supporting Rumble’s tender offer for up to 70 million shares at $7.50 per share, reinforcing the platform’s future growth initiatives. The total anticipated investment from Tether…

A whale transferred 308 billion BONK to Coinbase sparking more interest in the token. The BURNmas event will remove 1 trillion BONK tokens by Christmas. BONK’s value has surged sharply this month due to the growing excitement around the burn. A cryptocurrency whale moved 308.166 billion BONK tokens worth $14.43 million into Coinbase as part of a significant transaction. This activity was reported by Wu Blockchain using data from Arkham Analytics, and the whale began acquiring BONK tokens in December 2023, gradually increasing holdings until April 2024. BURNmas Token Burn Aims to Reduce Supply Significantly The BONK community is focused…

The crypto world is watching closely, eager to see what executive actions the incoming Trump Administration will take to shape the future of digital assets. At the top of their wish list is an executive order encouraging regulatory agencies to collaborate. This includes the Commodity Futures Trading Commission and the Securities and Exchange Commission, intending to create a comprehensive framework for digital asset policy. While Congress will ultimately decide how to classify crypto assets, such an executive order could motivate these agencies to produce research that propels the issue forward. Major U.S. firms in the sector, such as Coinbase Global…

The cryptocurrency market, and in particular the price of digital assets, continues to be a wild goose chase. For instance, after massive price swings in the last 24 hours, total liquidations in the perpetual futures segment reached $1.24 billion, one of the largest this year. Of course, the main focus was on Bitcoin (BTC) as the leading cryptocurrency. The price action in BTC, which took a roller coaster ride from as high as $106,500 to as low as $99,651, caused the most pain for traders, with $261 million worth of margin positions, according to CoinGlass. The majority of this, of…

Ethereum is consolidating near the critical $3,900-$4,000 resistance, with repeated tests weakening seller control. A breakout above this resistance, backed by the ascending triangle pattern, could see Ethereum targeting $10,000. The $4K level is pivotal, with the broader crypto market and bullish sentiment supporting potential upward movement. The prices for Ether have attracted a great deal of discussion especially since this cryptocurrency currently presents an ascending triangle pattern on higher time frames. This particular pattern, which suggested a bullish outlook, put Ethereum slightly below a key resistance level of between $3,900 and $4,000. At press,Ethereum is trading at $3,280.23, down…

The crypto market is seeing significant activity as many tokens have touched exclusive all-time highs. As per data from Phoenix, the top names in the case of recent all-time high price spots include $BGB, $SOL, and $BTC, showing resilient market confidence and growth. The on-chain analytics platform provided the details of these projects on social media. TOP TOKENS THAT HAVE REACHED A NEW #ATH RECENTLY$BGB $BTC $LEO $SOL $KAIA $STRDY $WOJAK $KOMA $MOG $BONK pic.twitter.com/mnHhWX3hnR — PHOENIX – Crypto News & Analytics (@pnxgrp) November 24, 2024 $BGB Leads the Crypto Projects with Recent All-Time Highs $BGB dominates the crypto projects…

Bitcoin resolved a WXY corrective pattern, signaling a transition toward bullish momentum and potential new all-time highs. The ongoing fifth Elliott Wave phase suggests significant price surges and heightened volatility in the bull market. Fibonacci levels and proper wave cycles underline BTC’s structural progression, supporting favorable upward movement. Bitcoin’s recent price movement has drawn attention as the bearish correction observed earlier resolved into a WXY pattern. This structural development, analyzed over the past month, marks a pivotal point in Bitcoin’s trajectory. WXY Pattern Completion and Current Outlook A detailed examination of Bitcoin’s price structure by XForceGlobal revealed a bearish correction…

Ethereum (ETH) continues to lose ground to Bitcoin (BTC) as the latter’s dominance rises, with US President-elect Donald Trump set to take office later today. At the time of writing, the ETH/BTC trading pair stands at 0.031, marking a four-year low for the ratio. ETH/BTC Continues To Decline As Trump Focuses On Bitcoin Over the past year, Bitcoin has appreciated by an impressive 158%, surging from approximately $41,000 on January 21, 2024, to $107,608 at the time of writing. The cryptocurrency has consistently reached new all-time highs (ATH) throughout the year. In contrast, Ethereum has delivered a modest return of…

The meme coin frenzy has taken over the cryptocurrency space. As Bitcoin hits a new all-time high (ATH) and the total crypto market cap surpasses the $3 trillion mark, the spotlight is back on the sector, but it is the meme coins like BRETT that are leading the race this cycle.Already, meme coins have been leading as the most popular and profitable narrative in previous quarters, and now, as the market rejoices over Donald Trump winning the US Presidential elections, they are once again drawing all the attention and capital away from all the other crypto trends.There is no longer…