Author: NBTC
Framework Ventures, a prominent thesis-driven crypto venture firm, has made a significant move in the Synthetix (SNX) market. Known as the largest holder and investor in Synthetix, the firm deposited 6.5 million SNX tokens (valued at $19.6 million) into Coinbase Prime. This transaction signals a potential profit-taking decision. Framework Ventures Locks in 152% Profit For context, the new deposit to Coinbase follows a key decision made four months ago when Framework Ventures withdrew 6 million SNX tokens from the exchange. At the time, the withdrawn tokens were worth $7.2 million. This suggests that Framework Ventures likely purchased the tokens during…
Spanish banking giant Banco Bilbao Vizcaya Argentaria (BBVA) is deepening its foray into the crypto ecosystem. Garanti BBVA Kripto, a crypto custody platform operated by Garanti BBVA — Turkey’s fifth largest bank, which as of December 2023 was almost 86% owned by BBVA — will soon be providing crypto trading services to the general public. Bit2Me, a crypto exchange founded in Spain in 2014, will be used as the bank’s trading execution center. And now that the Markets in Crypto-Assets (MiCA) regulation is in full effect across the European Union, the partnership between BBVA and the crypto exchange is a…
Michael Kong led Fantom’s transformation into Sonic Labs, focusing on speed, scalability, and secure blockchain technology. Sonic Labs’ upcoming mainnet launch reflects Michael Kong’s vision for real-world blockchain applications and innovative solutions. Michael Kong’s journey into the realm of blockchain and cryptocurrencies is one of determination, inventiveness, and a strong fascination with technology. Having a solid academic background, Kong excelled in his studies and graduated from the University of Sydney with first-class honors for a Bachelor of Information Technology and Commerce. Early in his career, especially during his undergraduate years when he wrote articles on smart contract security, his interest…
Bitcoin is currently trading above the crucial $95k level and is up by more than three percent in the last 24 hours. The largest cryptocurrency is showing signs of a short-term bullish divergence, as it tries to regain a key Fibonacci level. This is happening alongside a new bullish cross on the Bitcoin indicator. According to Santiment, Bitcoin’s Mean Dollar Invested Age (MDIA), which tracks the average age of coins in wallets, has dropped significantly since mid-October 2023, signaling a bullish trend. This decline shows that coins previously sitting idle in wallets are now being circulated. The average age of…
VeChain’s collaboration with BCG introduces Blockchain Biospheres, aiming to revolutionize sustainability by integrating blockchain with ESG principles, tokenization, and AI markets. With tokenized assets projected to hit $16 trillion by 2030, VeChain’s RWA solutions promise massive market impact, reshaping Web3 sustainability. VeChain’s strategic collaboration with Boston Consulting Group (BCG), a renowned “Big Three” consultancy, signals a groundbreaking advancement in blockchain-driven sustainability. Leveraging decentralized technology, VeChain aims to revolutionize GreenTech, tokenization, and AI markets, addressing global environmental challenges through cutting-edge solutions. Sunny Lu, VeChain’s CEO, amplified this development by referencing BCG’s LinkedIn post on December 5, 2024, which showcased blockchain’s transformative…
Binance will launch the CATI token lock-up product at 8:00 Beijing time on January 2, 2025. During the launch event, users can receive a 20% APR reward, with a prize pool of up to 2.3 million CATI. Binance Introduces CATI Token Lock-up Product Users can get CATI tokens to participate in the lock-up through spot trading, credit card payment (Visa, Mastercard supported) or digital payment (Apple Pay, Google Pay supported). As per the announcement, the exclusive APR is only applicable during the period between 2025-01-02 00:00 (UTC) and 2025-01-31 23:59 (UTC). The subscription format for the product is first-come, first-served…
Liberland is holding its congressional elections on January 4. This small, self-proclaimed libertarian state, wedged between Croatia and Serbia, is about to choose its next set of leaders. The elections will fill the seats of the Congress, Liberland’s governing body, which makes the laws, policies, and fiscal decisions for the nation. What’s different here is that the entire voting process is on the blockchain. No physical ballots, no middlemen. Just decentralized, tamper-proof voting. The candidates running for Congress The candidates are as unconventional as the election itself. Justin Sun, Liberland’s Prime Minister and the co-founder of TRON blockchain, is on…
U.S. spot Bitcoin exchange-traded funds saw renewed inflows on Nov. 27 as investor sentiment toward the flagship cryptocurrency improved, driven by Bitcoin’s rally toward the $100K milestone. According to data from SoSoValue, the 12 spot Bitcoin ETFs recorded $103.09 million in inflows on Nov. 27, ending two consecutive days of outflows during which over $561 million exited the funds. Bitwise’s BITB led the inflows with $48.05 million, followed closely by Fidelity’s FBTC, which reported $40.24 million in inflows. Grayscale Bitcoin Mini Trust and Franklin Templeton’s EZBC contributed $11.99 million and $2.81 million, respectively. The remaining eight Bitcoin ETFs recorded no…
A major XRP whale transaction has caught market attention as they accumulated nearly $52 million worth of the Ripple token. This move suggests at a bullish sentiment among traders as they focus on buying the dip in XRP price. XRP Whale Makes Big Move According to Whale Alert, the XRP whale scooped up 21.77 million tokens, worth approximately $51.94 million, from Binance and transferred it to an unidentified wallet. The transaction has sparked discussions about strategic buying amid the recent XRP price decline. 🚨 🚨 🚨 21,767,042 #XRP (51,937,457 USD) transferred from #Binance to unknown wallethttps://t.co/j8xb9fDL8m — Whale Alert (@whale_alert)…
Pancakeswap, a platform that enables users to transact digital assets on the BSC, has announced that it has experienced a tremendous rise in transaction volume this week. The platform said its transaction activity reached a record high of $22 million this week. 🏆A warm New Year welcome from PancakeSwap SpringBoard! https://t.co/AJlECh7Wi7👀Trading volume is very active across our top projects, with the #1 hitting 22M this week!! pic.twitter.com/NjR9qJpaaB — PancakeSwap (@PancakeSwap) January 1, 2025 Pancakeswap’s trading volume and TVL rise Pancakeswap has boasted an incredible increase in trading volume and recorded a significant surge in its Total Value Locked (TVL), currently…