Author: NBTC
A known crypto millionaire, active investor, trader, and Ethereum (ETH) supporter continues to capitulate from a losing Ethereum-Bitcoin (BTC) trade. James Fickel is among the richest cryptocurrency investors and a recognized entrepreneur in longevity research as the Amaranth Foundation’s founder. In its most recent activity, Fickel swapped another 6,500 ETH for 235.6 wBTC in the Ethereum blockchain. This swap, currently worth around $22 million, is a partial close of the millionaire’s ETH long position against BTC. According to SpotOnChain’s post, Amaranth’s founder has already lost approximately 22,000 ETH with this trade, worth over $70 million. His wBTC activity dates back…
Bitcoin’s solidifies its status as a secure, long-term store of value with tenfold price growth since inception. Ethereum fuels decentralized applications and smart contracts, shaping the future of digital innovation and blockchain ecosystems. Avalanche leads blockchain innovation with lightning-fast transactions, scalability, and versatile subnet applications for DeFi and gaming. With crypto markets on a dip, now’s the time to seize opportunities in blockchain pioneers like Bitcoin and rising stars like Solana and Avalanche. These top altcoins promise innovation, speed, and future-proof decentralized ecosystems Bitcoin(BTC): The Pioneer of Digital Currency and Blockchain Innovation Current price: $101,046.07 Market cap:$2.00T Bitcoin is a…
Donald Trump has picked Steve Miran, a former senior economic adviser at his 2016 Treasury Department, to lead his Council of Economic Advisers. Miran, known for his sharp opinions on Bitcoin and monetary policy, now steps into a position that will shape Trump’s ambitious second-term economic strategy. Trump announced the nomination on Truth Social, saying, “Steve will work with the rest of my economic team to deliver a great economic boom that lifts up all Americans.” Miran, responding on X, said: “I am beyond honored that President Trump has chosen me to lead his Council of Economic Advisers. I look…
In a recent analysis, Binance Alpha, the innovative feature within Binance’s Web3 Wallet, completed the listing of 29 new tokens over the past week. More than 40% of the tokens have plummeted in value, and investors are now “raising eyebrows” on whether Binance Alpha projects are worth looking towards. According to an insight shared on X by @sankin_eth on X, 17 of the 29 tokens that debuted on Binance Alpha have yielded returns for investors, while 12, representing 41% of the total have shown a decrease in their Fully Diluted Valuation (FDV) from their initial listing values. The market capitalization…
SFT Protocol, a well-known platform that offers Web3 infrastructure, has announced an exclusive collaboration with Multiple Network. The collaboration intends to combine the Web3 and DePIN worlds with cutting-edge upgrades. Both SFT Protocol and Multiple Network disclosed this mutual endeavor on their official social media accounts. 🌐 Thrilled to announce SFT’s partnership with Multiple Network, a Web3 Privacy Acceleration solution for AI! 🚀Stay tuned for updates on our collaboration and the synergies it will bring to Web3 and DePIN! 🌊 https://t.co/q0Og2q3sj0 — SFT Protocol (@SFTProtocol) December 23, 2024 SFT Protocol Partners with Multiple Network to Advance DePIN, Web3, and AI…
Bitcoin (BTC) and the broader crypto market are witnessing strong demand for bullish leveraged plays, a sign the market is overheated. While market makers’ hedging is likely to keep BTC supported at around $100,000, the heightened activity raises the risk of pullbacks for other cryptocurrencies. Bitcoin, the leading cryptocurrency by market value, tapped a record high above $103,000 early Thursday, following President-elect Donald Trump’s decision to appoint pro-crypto Paul Atkins as chairman for the Securities and Exchange Commission (SEC). The breakout sent traders chasing the price rally, pushing funding rates for perpetual futures skywards, a sign of growing demand for…
Crypto influencer Ash Crypto (@Ashcryptoreal) recently revealed on his X platform that investment giants BlackRock and Fidelity have purchased 37,900 ETH, worth $130.8 million, in a single day. The announcement has sparked speculation within the community, with the influencer claiming “Big institutions are now buying ETH aggressively. $5,000 ETH is coming soon.” Ash Crypto Claims that investment giants have made $130.8M worth ETH purchase Institutional Confidence in Ethereum Such huge Ethereum purchases indicate growing institutional interest and increased confidence in Ethereumblockchain. BlackRock and Fidelity have been investing the cryptocurrency but such aggressive purchases indicate that the institutions believe in blockchain’s…
This is a segment from the Lightspeed newsletter. To read full editions, subscribe. It seems like conversations about sandwich attacks on Solana — where advanced traders front-run and back-run trades to extract value at the expense of unsophisticated traders — come and go every few weeks with little resolution. Most people agree sandwiching is bad, but there’s not yet consensus on how the problem can be solved. The discourse flared up again this week after the Solana researcher Ben Coverston posted on social media that the network’s top sandwich bot, dubbed arsc, was pocketing millions of dollars-worth of tokens per…
The discussion surrounding Operation Choke Point 2.0 has heated up again as Trump prepares for a second term in office. Crypto businesses that have long been overshadowed by this controversial program, as well as observers aware of its unfair targeting of the industry, are hopeful that Trump will take decisive action to dismantle it. But what exactly is Operation Choke Point 2.0 and why many in the crypto sector want Trump to end it? What is Operation Choke Point 2.0? Operation Choke Point 2.0 is an alleged program initiated by the Biden administration and a group of US regulators to…
Gate Group expands in Japan with Coin Master acquisition, renaming it Gate Japan Co., Ltd., for localized services. Gate.io halts new Japanese accounts, shifting focus to regulatory-compliant crypto trading via Gate Japan Co., Ltd. Japan sees crypto growth with Slash Card launch in 2025, blending digital payments and “Pay-to-Earn” features. Gate Group has completed the acquisition of Coin Master Co., Ltd., a Japanese crypto asset trading platform. The Singapore-based entity, Gate Information PTE. LTD., finalized the deal under CEO Lin Han. Coin Master has been renamed Gate Japan Co., Ltd., marking the beginning of its operations under Gate Group’s management.…