Author: NBTC
Dog-themed cryptocurrency Shiba Inu has triggered an on-chain surge as whales make intriguing moves. According to IntoTheBlock data, Shiba Inu is seeing a positive spike in netflows, seeing a +1708.21% increase in large holders’ net flows. Large Holders Netflow from IntoTheBlock data provides an idea of the change in the positions of whales. Spikes in netflow can be seen as accumulation from large players, while drops indicate reduced positions or selling. In this scenario, accumulation seems more likely, as SHIB saw price growth in the last 24 hours, trading at $0.0000096 at press time. Shiba Inu is up 9% weekly…
Quick Take A data analysis snapshot from Bitcoin Munger presents an interesting nuance in the financial landscape. Historically considered a safe haven asset, Gold has experienced significant outflows from its ETFs. Bloomberg’s chart shows a downward trend, with roughly $3 billion outflows from various gold ETFs YTD and approximately $9 billion over the past year. Specifically, SPDR Gold shares and iShares Gold Trust witnessed about $2.5 billion and $500 million outflows YTD, respectively, with gold prices dropping 3% YTD. On the other end of the spectrum, Bitcoin’s performance stands out. Recording an upswing of 16% YTD, the digital asset has…
Interest in decentralized finance (DeFi) on Solana is surging—and the total value locked on the blockchain just passed the $2 billion mark again. Figures from DeFi Llama show that the amount of money being used on DeFi apps running on Solana is now $2.062 billion. The last time it was that high was back in June 2022. At the start of December, that figure stood below $1 billion. Still, the Solana DeFi space has a long way to go until it reaches the highs of the 2021 bull run, when total value locked stood at more than $10 billion. At…
Starbucks Odyssey, the Non-Fungible Token (NFT) loyalty reward launched by American coffeehouses, Starbucks has announced an all-expense paid trip to Costa Rica for 20 of its top NFT holders. Biggest NFT Incentive from Starbucks Odyssey Securing a holding of an NFT used to be a lucrative venture a few years back as the frenzy surrounding this unique asset class was accompanied by massive valuation jumps. Though many promise massive incentives, the speculative valuation growth remained the major reason many typically embrace them. The narrative is now changing with Starbucks Odyssey as it is set to give the most attractive incentive…
The Ethereum blockchain is on its way to a massive rebranding as its long-awaited Dencun upgrade is now live on the Sepolia testnet. The Ethereum Foundation projected that the Dencun upgrade would launch on Sepolia by Jan. 30, and the successful integration was revealed by core developer Terrence.eth, for which he received many accolades from the community. Sepolia has finalized! 🎉Sorry for an uneventful upgrade😄 https://t.co/86HXWRGO7a — terence.eth (@terencechain) January 30, 2024 The Dencun upgrade going live on Sepolia is one of the two remaining steps required to launch the update on the Ethereum mainnet. Ethereum has long been plagued…
FED President Jerome Powell made statements after the US Federal Reserve (FED) left the policy rate constant at 5.25%-5.5% yesterday. At this point, Powell pointed out that it was premature for the FED to start interest rate cuts in March, causing a decline in BTC and altcoins. At this point, Powell’s statements divided economists into two regarding interest rate cuts, while some continue to expect a cut in March, while some economists postponed the possibility of a cut to May. Speaking to CNBC at this point, famous investor Jeffrey Gundlach said that the US economic outlook still looks bad and…
Terra Luna Classic core developer group L1TF developer has successfully forked the Osmosis test-tube to work with the Terra Classic. It will help developers test fixes to the Cosmos liquidity protocol Astroport applied last month. Moreover, it will help developers further test 800 million USTC burn with contract migration and other upgrades. L1TF Developer Fork Osmosis Test Tube for Terra Classic Joint L1 Task Force (L1TF) developer Vinh Nguyen forked the Osmosis test-tube, reported Terra developer Fragwuerdig. The test tube was forked in response to testing Astroport fixes, but it also holds other significant uses for the community such as…
Starbucks Korea is making strides in environmental initiatives and customer service. The most recent one follows the brand’s announcement in Korea that patrons who bring their own reusable containers for their orders will be rewarded. Consumers are encouraged to bring their own cups in exchange for a reward. On X, formerly Twitter, Polygon Labs, and Sandeep Nailwal have both confirmed the development. Starbucks Korea has confirmed that patrons can earn eco-stamps with each use of a personal cup. The accumulated eco-stamps will be deposited into the user’s Starbucks application wallet, which will be accessible for redemption when purchasing a Non-Fungible…
On Wednesday, the second-largest cryptocurrency Ethereum is trading in red amidst a generally volatile and uncertain market sentiment ahead of the FOMC Meeting. With an intraday loss of 1.5% the ETH price plunged to $2300 trying to sustain above the 50-day EMA slope. Despite the uncertain technical outlook for recovery, Ethereum’s fundamental developments continue to progress, notably with its eagerly awaited 2024 hard fork, Dencun. The latest milestone for Ethereum is the successful launch of the Dencun upgrade on the Sepolia test network, marking a significant step forward. This leaves only one more testnet deployment before the introduction of the…
Blockchain-based asset-management firm Superstate debuted its first tokenized U.S. Treasury fund offering on the Ethereum (ETH) blockchain, the company said Thursday in a press release. Superstate created its own private fund to directly hold short duration Treasury bills, and is targeting returns in line with the federal funds rate. Investors may make deposits in U.S. dollars or Circle’s USDC stablecoin, and receive USTB tokens that represent their investment in the fund. Users may self-custody the tokens or opt for the custody services of Superstate partners Anchorage Digital and BitGo. The USTB token aims to offer an alternative to stablecoins for…