Author: NBTC
Around 1:30 PM today, many altcoins on cryptocurrency exchange Binance experienced sudden and sharp declines, with ACT/USDT down over 49% in 30 minutes, DEXE/USDT down over 23%, and DF/USDT down over 16% in the same period. The unexpected decline was triggered by large sell orders executed within a short time frame, leading to a significant increase in spot trading volume. Benson Sun, a former FTX community partner, analyzed the situation and attributed the price crash to Binance’s recent adjustments to ACT’s leverage position limits. The platform had introduced a rule that limited maximum open positions at 1x leverage to $4.5…
DeFi lending continues to be one of the most active type of apps on multiple chains. The sector is adapting to the market slowdown by lowering its interest rates. DeFi is lowering interest rates across the board, with all protocols shifting to the lower range of yield. DeFi lending protocols will usually adjust yield to reflect market conditions, pushing even Aave to go as low as 4.63%. Sky Protocol, formerly Maker, is down to 6.09%, from 12.5% near the peak of the market cycle. Yield and passive income is key at this stage of the crypto cycle, driven by a…
Popular cryptocurrency tracker Shibburn has spread the word about a large number of SHIB meme coins that have been pushed out of circulation over the past day. It happened as the price of the second-most popular meme cryptocurrency, SHIB, is striving to recover after a recent 34% crash. SHIB burns soar 577% A tweet published by the aforementioned data platform earlier in the day shows that during the past 24 hours, the joined efforts of the Shiba Inu global community have helped them to rid of 18,760,236 SHIB by transferring them to unspendable wallets to be locked there for good.…
Ethereum price made a strong bearish breakdown during the weekend, reaching a low of $1,835, its lowest level since March 13. It has plunged by over 55% from its highest level in 2024. Why Ethereum price has crashed Ethereum has crashed because of its ecosystem challenges and the ongoing macro factors. Internally, Ethereum has plunged because of the ongoing outflows in the spot Ethereum ETFs. Data by SoSoValue shows that ETH ETFs have had net outflows in all days this month other than March 2 and 28. These funds have had a cumulative net inflow of just $2.4 billion, bringing…
Deus X Pay, a regulated virtual asset service provider, is providing an end-to-end solution for how businesses transact globally with the introduction of Virtual International Bank Account Numbers (vIBANs) in US Dollars (USD) and Euros (EUR). Deus X Pay’s vIBANs solve the challenge faced with converting and settling between digital assets and fiat accounts by offering dedicated account details, allowing businesses to make payments more efficiently. Key Features of vIBANs: Enhanced End-to-End Transaction Flow – funds move more efficiently between crypto-related businesses and non-crypto banks, overcoming restrictive banking relationships and providing a strong end-to-end solution for crypto to fiat payments…
Avara, the parent company of decentralized finance (DeFi) platform Aave, has simplified its self-custody Family Wallet by replacing complicated seed phrases with emails and SMS, making wallet creation and recovery painless in a bid to onboard more users. Family allows users to manage assets across various Ethereum Virtual Machine (EVM) networks, using passkeys like fingerprint or face scans, tied to the users’ device, Avara said in an emailed statement. Avara has also launched a new web dashboard for the Family Wallet where users can manage their account, as well as send, receive, and manage assets, the firm said. Holders of…
It seems that a massive Shiba Inu (SHIB) purchase took place in the last 24 hours. As revealed thanks to on-chain data from Arkham Intelligence, an unknown massive investor withdrew 107,071 billion SHIB from one of the largest crypto exchanges, ByBit. Estimated at $2.16 million per Shiba Inu token at current prices, this colossal amount of meme coins became the first addition to this whale’s portfolio in over a year. As of now, the wallet under the address “0x8c73” holds only SHIB and nothing else, although it previously held about 150 ETH, which would now be worth about $420,000. The…
Ethereum (ETH) is under pressure once again, dropping around 3% in the last 24 hours and falling below the $1,800 level. This decline is putting several large leveraged positions at risk, including two massive whale vaults on Maker that collectively hold over $235 million worth of ETH. With on-chain indicators flashing warning signs and technical levels being tested, the stakes are rising for both bulls and bears. As ETH hovers near critical support, the coming days could prove pivotal for its short-term price trajectory. Ethereum Whales Could Get Liquidated Ethereum has dropped around 3% in the past 24 hours, slipping…
DWF Labs managing partner says the firm is ready to step in to help crypto projects that suffered a ‘weird dump’ on Binance. Andrei Grachev, managing partner at leading digital assets market maker DWF Labs, has said the firm is ready to help crypto projects impacted by the sudden market dump on Binance. Multiple altcoins experienced a major price upheaval on April 1, 2025 on the crypto exchange Binance. These included a dump for Solana-based memecoin Act 1: The AI Prophecy, DeXe (DEXE) and Kava. dForce, HIPPO, BANANAS31, LUMIA, and TST also dipped sharply, with these tokens recording losses of…
According to blockchain analytics firm Glassnode, Bitcoin’s latest market cycle is exhibiting “atypical” characteristics. The firm highlights that Bitcoin (BTC) has matured into a global asset with deep liquidity, allowing investors to trade at all hours, even when traditional markets are closed. This accessibility has positioned Bitcoin uniquely in the financial arena, especially during macroeconomic uncertainty. Bitcoin’s Increasing Global Influence According to Glassnode, Bitcoin has become a store of value and a medium of exchange. It cites a net capital inflow exceeding $850 billion and a daily economic volume of nearly $9 billion. Further, nation-states such as Bhutan and El…