Author: NBTC
Crypto markets have fallen over the past 24 hours following the SEC’s X account hack and the fake news announcement about spot Bitcoin ETF approvals. However, there is one crypto asset that is bucking the trend and has benefited from the fiasco — Ethereum. Ethereum prices closed in on yearly highs just as Bitcoin and the wider crypto market retreated in the wake of the SEC social media account hack. Ethereum Price Shows Resilience Amid Market Volatility On January 10, crypto derivatives provider Greeks Live reported that the SEC’s fake news farce caused significant volatility in Bitcoin markets. “The drama…
Bitcoin, which rose to $48,000 last week, fell to $41,000 due to the sales pressure it experienced. While BTC is currently trading at $42,000, CoinShares published its weekly cryptocurrency report and said there was an inflow of $1.18 billion last week. “Cryptocurrency investment products saw inflows of $1.18 billion after the spot Bitcoin ETF approval launch last week, but this did not break the record set at the launch of futures-based Bitcoin ETFs.” When looking at crypto funds individually, it was seen that the majority of fund inflows were in Bitcoin. While BTC experienced an inflow of $1.14 billion last…
Pandora’s the first of a framework that tries to make tokens and NFTs work simultaneously. ERC-404 isn’t an “official” token standard, but that hasn’t stopped other developers from emulating Pandora’s success a week after its launch. The first token based on a new, unofficial, and experimental type of Ethereum standard has given rise to a new multi-million sub-asset class in the crypto market. Pandora {{PANDORA}}, the first of the so-called “ERC-404” tokens, traded as high as $32,000 on Friday morning from a low of $250 just under a week ago. It has a supply of only 8,000 tokens and traded…
EigenLayer’s total value locked (TVL) has surged to $10 billion, marking a significant uptick from its $1.1 billion valuation at the start of the year. This growth, equating to 2.93 million Ethereum (ETH), underscores the protocol’s expanding influence within the decentralized finance (DeFi) sector. EigenLayer allows users to deposit and restake ETH through various liquid staking tokens. This process aims to enhance the security of third-party networks. How DeFi Protocol EigenLayer’s TVL Surged 5X Since February Recent weeks have witnessed remarkable growth in EigenLayer’s TVL, particularly over the last 30 days. On February 2, 2024, the TVL stood at around…
The crypto market witnessed decline after false news about a Bitcoin (BTC) exchange-traded funds (ETF), but despite bearish sentiment in the market, Ethereum (ETH) posted gains. ETH gained 3% in the past 24 hours and is trading at $2,380 at the time of writing. The second-largest cryptocurrency even got close to the $2,400 mark as the hacked X account of the U.S. Securities and Exchange Commission announced the approval of a spot BTC ETF. ETH price, whale activity, open interest and RSI – Jan. 10 | Source: Santiment Ethereum’s market cap is holding strong above $286 billion with a daily…
Under-fire Digital Currency Group founder Barry Silbert has apparently deleted a raft of his old tweets. According to his X (formerly Twitter) account, Silbert signed up in October 2011, however, at the time of writing, his timeline shows no tweets or replies older than January 5 this year. Luckily for die-hard Silbert fans, X user Pledditor has screenshotted some of his “greatest hits.” Looks like @BarrySilbert has deleted all his old tweetsThe good news? I have screenshotted some of his greatest hits 📷📸 pic.twitter.com/GLWPbCf5mN — Pledditor #FixTheFilters (@Pledditor) January 15, 2024 Read more: Former DCG advisor Larry Summers on list…
The Shibarium network has continued on its remarkable growth trajectory, doubling its number of users in less than three months. Since launching in August 2023, the Shibarium network, a layer-2 blockchain built for the Shiba Inu ecosystem, has gained significant traction. Transactions have soared to hundreds of millions, while the number of projects building on the network has also been on the rise. Earlier this week, the Shibarium network recorded over 63,000 cumulative accounts. This metric means that the network has now doubled its user accounts since the start of December, when the figure stood at around 30,000. Shibarium Accounts…
Bitcoin (BTC) makes up 53% of user portfolios in Latin America, reveals crypto exchange platform Bitso’s latest Crypto Landscape report. “By the end of 2023, Bitcoin represented 53% of clients’ portfolios in Latin America,” the platform noted. Source: Bitso In the face of economic turbulence in the LatAm region, countries are increasingly shifting to cryptos as a deemed lifeline. As a result, Brazil showed 58% of total holding in Bitcoin, though the most diverse crypto portfolios were altcoins. Mexican crypto users have placed Bitcoin as the preferred cryptocurrency with 40% of purchases, the report added. “[Mexico] is the only country…
The $600 million will be used to secure the Omni network and enhance security of the EigenLayer ecosystem as a whole. Ether.Fi has more than $1.8 billion in total value locked (TVL). Ether.Fi will roll out a “final countdown” campaign on Monday, which may be related to a potential token airdrop. Liquid restaking protocol Ether.Fi said it will commit $600 million worth of ether (ETH) in a delegation deal to secure the Omni Network. Omni Network is a blockchain designed to allow all Ethereum rollups, or scaling products, to communicate with each other with low latency and security. Both Omni…
Ether (ETH) and native tokens of applications built on Ethereum surged in the past 24 hours as traders bet on the likelihood of the possible proposal of an ether exchange-traded fund (ETF) following the expected approval of a bitcoin ETF in the U.S. Ether exchanged hands over $2,400 in early European hours Wednesday, up 5% in 24 hours. Bitcoin was down 2.2% in the same period as a series of fake tweets from the temporarily hacked U.S. Securities and Exchange Commission’s X account, which created significant volatility in bitcoin trading. BlackRock had previously filed an S-1 form with the U.S.…