Author: NBTC

Lookonchain has again spotted DWF Labs depositing 2 million ALGO tokens (worth $1.14 million) to exchanges today. The analytics platform disclosed that since November 21, DWF Labs has been depositing millions of Algorand coins to exchanges. Currently, the crypto venture capital firm has so far transferred 16 million $ALGO tokens ($9 million) to various exchanges. Lookonchain said that during that period, the price of ALGO soared by 185%. Huge Algorand transfer raises eyebrow The move by DWF Labs to deposit millions of dollars in Algorand tokens to exchanges has raised curiosity among market observers. The concerns ensued because of the…

In an interview with CNBC on Monday, Fred Thiel, CEO of Marathon Digital Holdings (NASDAQ: MARA), shared his bullish outlook on Bitcoin. He emphasized the growing institutional interest and a favorable regulatory environment that could propel the BTC price to new highs. Thiel dismissed the impact of the recent Bitcoin halving, stating, “I think the halving had zero effect.” Instead, he attributed the Bitcoin price surge to the introduction of spot exchange-traded funds (ETFs) earlier this year. “In January, you had the ETFs that launched that drove all of a sudden the beginnings of some institutional interest,” he noted. Institutions…

Non-fungible tokens are performing well, with Axie Infinity leading the way as the top collection in the market. According to the latest data, the annual transaction volume for Axie reached an incredible milestone of $4.2 billion. This indicates a remarkable interest in the digital collectibles. Apart from Axie Infinity, other top collections with impressive records include Bored Ape Yacht and CryptoPunks. The two digital collectibles have displayed some serious figures, proving that the NFT landscape is still a lucrative place. Prominent NFT collections by trading volume As per data from the Guinness World Records, Axie is the most successful virtual…

This is a segment from the Empire newsletter. To read full editions, subscribe. Disrupting money and finance is big business. And business is good. Look no further than SEC filings to find out just how much cash is made on the frontlines of the crypto revolution. I spent the morning compiling 2024 insider stock sales for the top 60 or so companies in the S&P 500 (as well as a few other notables) and compared them to Coinbase and MicroStrategy. From those firms — ranging from Apple and Nvidia to Costco and Walmart, to Palantir and Morgan Stanley — about…

Crypto exchange tokens Binance coin (BNB), Bitget (BGB), and GateToken (GT) have all reached all-time highs today. The rise in the value of digital assets echoes the broad altcoin market’s bullish sentiment, and analysts expect they will all surge even further in the long term. According to Coingecko data, Binance’s native token, BNB, has surged by approximately 20% in the past 24 hours. The rally pushed its market cap past Solana’s SOL, moving its previous position to become the fifth-largest crypto by market cap. Exchange tokens GT and BGB have also experienced price surges that have led to all-time high…

Binance, the world’s largest cryptocurrency exchange, has kicked off the new year with a significant achievement. Binance has reached a remarkable milestone of 250 million users, highlighting its growing influence and adoption in the crypto space. In a recent tweet, Binance CEO Richard Teng celebrated this achievement, stating, “What a year. We’ve hit an incredible milestone of a quarter billion users. A huge thank you to our amazing community for making this possible. Together, we’re one step closer to our vision of onboarding 1 billion users. Here’s to an even bigger 2025.” What a year! We’ve hit an incredible milestone…

As a major development within the blockchain environment and Web3 industry, AscendEX has entered into a strategic cooperation with Renta Network. This partnership aims to redefine the global property rental industries by deploying technology solutions such as blockchain to support a commission-free environment. About the Partnership Renta Network is preparing to expand its cooperation with AscendEX, a leading global cryptocurrency exchange that has provided comprehensive trading services. Renta is an exciting project offering blockchain and Web3 solutions while focusing on creating an international rental market without commissions. This collaboration will help both players create new standards in the future development…

Bitcoin (BTC) corporate adoption continues to gain momentum as video-sharing and cloud services platform Rumble recently unveiled a BTC treasury strategy. This move aligns with a growing trend of corporations worldwide embracing Bitcoin as a strategic asset. Rumble Announces Bitcoin Treasury Strategy, Stock Rises The YouTube competitor is the latest company to join the Bitcoin bandwagon, as its Board of Directors approved a corporate treasury diversification strategy that allocates a portion of its excess cash reserves to BTC. As part of this strategy, Rumble plans to purchase up to $20 million worth of BTC. The company described Bitcoin as a…

Anthony Scaramucci, the founder of SkyBridge Capital and former White House Communications Director, continues to be a prominent advocate for cryptocurrencies. With over 50% of his net worth allocated to Bitcoin (BTC), Scaramucci remains steadfast in his bullish outlook on the leading cryptocurrency. Early last year, he predicted that Bitcoin was on track to surpass $100,000 in 2024, fueled by strong demand for Bitcoin exchange-traded funds (ETFs). Scaramucci further forecasted that pro-crypto policies under the incoming Trump administration could propel Bitcoin to double its value again by 2025. As reported by the Wall Street Journal, these bold predictionsfurther cement his…

Coinbase further signaled its acceptance of meme coins on Wednesday, announcing its intentions to support trading for Gigachad (GIGA) and Turbo (TURBO) by adding the tokens to its listing roadmap. GIGA and TURBO tokens both saw swift upward price movements, jumping 37% and 15% respectively in the hour after the announcement from the Coinbase Assets account on X (formerly known as Twitter). Though announced together, the tokens come with distinct backstories and communities from two separate blockchains. Assets added to the roadmap today: Gigachad (GIGA) and Turbo (TURBO)https://t.co/rRB9d3hSr2 — Coinbase Assets 🛡️ (@CoinbaseAssets) December 4, 2024 Gigachad, based on the…