Author: NBTC
The Financial Services Agency has released its 2024 monitoring report, urging better internal audits and closer scrutiny of crypto exchanges. Japan’s financial regulator has called for stronger internal audits across the entire financial sector, highlighting the need for better oversight, especially for crypto exchanges. In a Dec. 26 press release, the Financial Services Agency said it plans to update its “Current Situation and Issues” guidelines, bringing new auditing measures to comply with international trends. As part of its efforts to enhance audit standards, the FSA will also hold a “Roundtable on the Improvement of Internal Audits at Financial Institutions” in…
Bitcoin’s price rose 37.3% in November 2024, following the U.S. presidential election, according to SpotOnChain. Historically, Bitcoin has performed well in December after an election month, with price increases ranging from 30% to 46%. The #Bitcoin price soared by 37.3% in November 2024, the US election month.Historically, every December following an election month has shown remarkable growth (30%–46%).This aligns with our April prediction that $BTC is likely to hit $100K. Now, with new FOMO factors in… https://t.co/lie8sHEtS4 pic.twitter.com/tpr9hQZl96 — Spot On Chain (@spotonchain) December 2, 2024 Based on this trend, analysts believe Bitcoin could hit a new all-time high this…
Ethereum’s price has failed to break above the key $4,000 level and has been experiencing bearish price action since then. Investors are now worried that ETH might be reversing its overall price trajectory. Technical Analysis By Edris Derakhshi (TradingRage) The Daily Chart The daily chart shows that Ethereum’s price has formed a clear double-top pattern at the $4,000 resistance level while getting rejected twice. The $3,500 level has also been broken to the downside, and the market has failed to reclaim it following multiple unsuccessful attempts. At the current stage, a drop lower toward the $3,000 support zone and the…
The Sui blockchain (SUI) has become one of the standout performers of the past year, driven largely by the growing popularity of memecoins within its ecosystem. The platform’s market capitalization has soared to $12 billion over a relatively short period, propelling it into the top 20 cryptocurrencies by valuation. The growth of the SUI ecosystem is mirrored in the performance of its native token, which experienced a remarkable 1,178% surge, reaching an all-time high of $4.49 over the past 14 months, making it one of the most profitable cryptocurrencies in the current dispensation.. According to CoinGecko, memecoins within the Sui…
Coinbase International reported a dramatic increase in trading volume driven by the popularity of perpetual contract offerings. The exchange has announced the top five perpetual contract pairs by average daily trading volume (ADV) for 2024 (as of December 13, 2024): SUI-PERP, NEAR-PERP, 1000PEPE-PERP, 1000SATS-PERP, and WIF-PERP. Coinbase International’s total trading volume reached $119 billion last week, averaging nearly $20 billion per day. This represents a significant 124% increase in total weekly volume and 164% increase in average daily volume compared to the previous week. The growth is even more striking when compared to the $2.5 billion daily average in November,…
The so-called $100,000 sell wall for bitcoin (BTC} is becoming a hard nut to crack, with $384 million available for sale between the current price and that six-figure milestone. A look at the supply data, though, suggests building pressure for an upward move. “Illiquid supply” refers to the amount of bitcoin that is owned by long-term holders (LTHs) that is not actively traded. According to Glassnode data, illiquid supply has risen by more than 185,000 tokens over the past 30 days and hit an all-time high of 14.8 million BTC, or 75% of the total circulating supply of just under…
Ethereum recently rebounded from the $3,300 support level, setting the stage for another attempt at a breakout above $3,500 before 2025. While Bitcoin fluctuates below $100K, Ethereum has shown resilience in overcoming the recent pullback. With a fresh bullish candle and increasing institutional investment, ETH is aiming to challenge $3,500 for a breakout run. Will the price of ETH finally see a breakthrough after several failed attempts at the $3,500 supply zone? Ethereum Price Analysis Amid broader market volatility, Ethereum’s price experienced a 4.67% pullback last night, forming a bearish engulfing candle and completing an evening star pattern. The pullback…
The community group governing decisions on Solana-based decentralized exchange Jupiter on Sunday passed a long-awaited vote to allow two incentives of $860 million (worth of tokens at current prices) each over two years, shifting the related JUP token’s fundamentals. The proposal was part of the “Jupuary” vote #2, which was changed and refloated after the initial vote failed to gain community favor. Jupuary is the protocol’s name for an annual JUP token airdrop in January to users based on how they interacted with it in the preceding year. Say what you will about @weremeow and @JupiterExchange, but rallying the community…
OKX will launch USDT-margined perpetual futures for AI projects GRIFFAIN and ZEREBRO on Dec. 27, 2024, with 50x leverage and reduced fees. Crypto exchange OKX will launch USDT-margined perpetual futures for two new digital assets, GRIFFAIN and ZEREBRO – projects focused on artificial intelligence applications. The listings will launch today at 07:00 am UTC for GRIFFAIN and at 07:15 am UTC for ZEREBRO. Support for the launch will come via OKX’s web platform, mobile application and API. GRIFFAIN is an AI-powered platform that enables users to transform their intentions into tasks through its smart, personalized AI agents. The platform is…
Bitcoin started the week on a downward note, dropping nearly 2% to around $95,000 before recovering. BTC has been hovering between $90,000 and $98,000 for the past two weeks, struggling with persistent resistance at the psychological $100,000 level. Valentin Fournier, an analyst at BRN, noted the significant hurdles preventing Bitcoin from surpassing this milestone. “Despite strong market catalysts and rising investor confidence, Bitcoin continues to struggle with the psychological barrier of $100,000,” Fournier wrote in an email. “Profit taking is evident and a significant sell wall of over 4,000 Bitcoins worth approximately $384 million needs to be cleared for further…