Author: NBTC
Ethereum has made a slow but steady attempt at recovering from the significant 33% price loss observed toward the end of February. The recent recovery is being largely driven by investor confidence, with many accumulating ETH at current low levels. These investors are anticipating an eventual price uptick, hoping to capitalize on Ethereum’s potential growth. Ethereum Finds Investor Support Ethereum’s supply on exchanges has decreased by 635,000 ETH in the last six days, representing a value of over $1.28 billion. This drop in supply reflects a strong accumulation phase by investors who are purchasing ETH at the low price levels…
Bitcoin is showing signs of weakness, as it is fluctuating between $95,850 and $97,729 in the past hour. It holds a market value of $1.917 trillion with a global trading volume of $47.52 billion. Its daily price range has been between $95,850 and $99,131, currently sitting 11% below its all-time high. While many are expecting a recovery soon, there are hurdles on the way as predicted by 10X reserve let’s dive into the insight. Who Is Selling #Bitcoin?What will happen when the #Altcoin selling stops?👇1-14) Our Bitcoin trend model turned bearish on February 2, while the Diamond Top pattern shows…
Market-making on-chain trades is mysterious and important — and lucrative, too. The problem, according to pseudonymous trader Grug, is that crypto protocols with valuable order flow are leaving money on the table. Grug’s company Warlock Labs just raised $8 million in venture funding for what he believes is the solution: a proprietary trading firm that uses on-chain data to prove it is processing order flow responsibly. The two-year old company is set to enter the complex blockchain pipes that facilitate trading on Ethereum. Here, an army of savvy operators offer kickbacks to protocols in exchange for the chance to process…
The U.S. Federal Reserve is making progress in exploring how to add Ripple’s XRP technology into its FedNow payment system, with a focus on Ripple USD (RLUSD). It’s important to note that RLUSD is a proposed stablecoin from Ripple, pegged 1:1 to the U.S. dollar. It’s not the same as XRP, the cryptocurrency. This move is meant to use blockchain technology to boost transaction speed, reduce costs, and increase efficiency within the Federal Reserve’s real-time payment network. 🚨 BREAKING: The Federal Reserve is set to integrate #XRP into the FedNow payment system! pic.twitter.com/xpT44USQxh — Levi | Crypto Crusaders (@LeviRietveld) February…
The U.S. Securities and Exchange Commission (SEC) has decided to drop its appeal in the ongoing legal case involving Ripple. The SEC’s decision not to challenge the 2023 ruling by U.S. District Judge Analisa Torres brings much-needed clarity to the question of whether XRP should be classified as a security. Judge’s Ruling on XRP Sales Judge Torres had previously ruled that Ripple’s “programmatic sales” of XRP on secondary exchanges did not violate securities laws. However, the direct sale of XRP to institutional investors was found to be in violation of securities regulations. With the SEC choosing not to appeal, this…
Ethereum, hovering near the $2,000 mark, presents a buying opportunity for whales. Analysts predict a potential surge to $3,000 amid rising bullish sentiment. As Bitcoin holds above the $87,000 mark, Ethereum witnesses stagnancy near the $2,000 psychological level. ETH trades at a market price of $2,028, recording a 1.12% drop in the past 24 hours. The short-term pullback reveals a minor weakness in the bullish momentum of the short-term recovery run. Amid such conditions, will Ethereum bounce back from the $2,000 mark for a new upswing? Whales Load Up Ethereum Near $2,000 Despite the recent consolidation and prevailing downward pressure,…
OpenLedger, a blockchain network focused on AI applications, has integrated Kernel’s restaking infrastructure on the BNB Smart Chain. This strategic collaboration between OpenLedger and Kernel uses decentralized validation networks (DVNs) to elevate the security and reliability of the decentralized AI ecosystem of OpenLedger. As a part of this strategic collaboration, OpenLedger will now have improved capabilities for obtaining specialized AI models for managing deployment processes through an integrated system that ensures data integrity. 1/ Our partnership with @OpenledgerHQ is gearing up to accelerate the growth of AI-powered dApps, fueling innovation and scaling in the evolving Crypto x AI landscape. pic.twitter.com/xdinPaBNT0…
Bitcoin’s market dynamics is experiencing notable fluctuations as over 20,000 BTC have moved out of long-term holder wallets within the past 96 hours. Historically, such transactions signal potential shifts in investor sentiment, as long-term holders are typically viewed as stabilizing forces in the crypto market. The withdrawal of a substantial amount of Bitcoin raises questions about whether it marks the beginning of a broader trend or isolated selling pressure. Bitcoin Price: Stuck in a Range Bitcoin (BTC) is trading at $97,314.78, showing a 0.78% daily gain. It has moved within a narrow range, hitting a 24-hour high of $97,879.28 and…
Tether, issuer of $144 billion dollar stablecoin USDT, has boosted its stake in Latin American agricultural firm Adecoagro (AGRO). The $12.41 per share offer, which is subject to certain closing conditions, would take Tether’s stake in Adecoagro from 51% to 70%, according to an announcement on Thursday. AGRO shares jumped over 7% to $11.95 in pre-market trading following the announcement. Adecoagro’s business is focused on sugar, ethanol, dairy and crop production Argentina, Brazil, and Uruguay. It owns 210,400 hectares of farmland and several industrial facilities across these countries. The company has a market cap of just under $1.12 billion. Tether…
According to Santiment’s latest on-chain report, the concentration of top wallet holdings for major cryptocurrencies like Shiba Inu (SHIB), Ethereum, Chainlink and Toncoin shows potential market risks and opportunities driven by a small group of key players. Shiba Inu, for example, has a significant concentration of its total supply held by the top 10 largest wallets — 61.3%, to be exact. This indicates that the price of SHIB can be influenced by the decisions of just a few holders, according to Santiment. If any of these major holders decide to sell, it could lead to some serious price drops that…