Author: NBTC
Changpeng Zhao, founder and former CEO of cryptocurrency exchange Binance, said in a statement that he burned a significant portion of the altcoins in his public cryptocurrency wallet, as he signaled some time ago. Zhao burned $1.95 million worth of TUT, $1.1 million worth of BROCCOLI, and $546,000 worth of another altcoin with the same name, BROCCOLI. It was also confirmed from onchain data that the tokens were sent to the burn wallet. The former CEO had asked his followers in a statement he made a while ago if there was an easy way to burn a large number of…
Binance has officially introduced Initia (INIT) as the 68th project on the Launchpool platform. Initia is a layer-1 blockchain designed to unify application chains by offering interconnected infrastructure and compatible token economics. Binance Launches Initia (INIT) as Its 68th Launchpool Project, Operation Begins on April 24 The Launchpool webpage is expected to go live in the next 12 hours ahead of the farm launch. Users can start staking BNB, FDUSD, or USDC to collect INIT rewards starting at 03:00 on April 18 and undergo a six-day farming period until the token’s spot listing. INIT Listing Details Binance will list INIT…
Bitcoin held relatively steady Monday near key support levels, even as President Donald Trump brought on a fiery rhetoric on social media regarding trade tariffs and Federal Reserve policy, fueling fresh debate about BTC’s role during macroeconomic uncertainty. While Trump accused China of unfair tariff retaliation (citing a 34% hike) and insisted there’s “NO INFLATION” despite recent market turmoil, Bitcoin found its footing. After dipping below $75,000 earlier Monday (hitting lows near $74,434), BTC climbed back to trade around $76,561 at press time. The crypto market overall had shed over $100 billion since April 1st due to tariff fears. Trump’s…
Ethereum ($ETH) has just witnessed a crucial development in the derivatives sector. As per the data from the popular CryptoQuant, a staggering 77,000 $ETH have entered the derivatives exchanges, signifying considerable concerns about a sheer price dip afterward. Ethereum Derivatives See +77,000 ETH Inflow“This spike follows similar inflow events on March 26 and April 3, both of which preceded notable price declines.” – By Amr TahaRead more ⤵️https://t.co/Nb3kk0netL pic.twitter.com/PXZMw59Ivm — CryptoQuant.com (@cryptoquant_com) April 16, 2025 Stunning Single-Day Inflow of 77,000 $ETH in Derivatives Exchanges Expresses High Downturn Risk The massive Ethereum inflows of 77,000 $ETH into derivatives exchanges on April…
In a recent tweet, Vet, an XRPL dUNL validator, highlighted Ripple USD stablecoin RLUSD’s lead over other stablecoins. In a tweet, Vet stated that “RLUSD is the most capital-efficient stablecoin in the entire crypto market currently. It has the highest volume-to-TVL ratio at 37%. Leaving the other top stablecoins far behind.” $RLUSD is the most capital efficient stablecoin in whole crypto currently.It has the highest volume to TVL ratio with 37%.Leaving other top stable coins far behind:Paypal USD – 6.5%Circle USDC – 14.26% DAI – 2.27%Ethena USD – 2.1 %Tether USDT closely behind with 34%. pic.twitter.com/WzoypucCcs — Vet (@Vet_X0) March…
Alchemy Pay has integrated with WalletConnect, a fiat on-ramp for buying $WCT through WalletConnect. This enables individuals to purchase the tokens using basic traditional payment options. Buyers in over 173 countries can purchase $WCT using Visa, Mastercard, mobile money, and bank transfers. The integration is intended to make the entrance into the world of cryptocurrencies easy for users of fiat money transactions. 🤝Alchemy Pay and @WalletConnect have teamed up to simplify access to $WCT!Buy $WCT directly with fiat using Visa, Mastercard, and more—available in 173+ countries.Step into the WalletConnect ecosystem with seamless crypto on-ramps powered by #AlchemyPay!… pic.twitter.com/wGsBtUXAPJ — Alchemy…
Pierre Rochard announced on April 7 a new firm focused on Bitcoin (BTC)-backed structured finance, called The Bitcoin Bond Company, with the goal of acquiring $1 trillion in BTC by 2046 on behalf of its clients. Rochard is the former vice president of research at Riot Platforms and will serve as CEO of the new BTC-focused venture. The company plans to bridge institutional capital with Bitcoin through a regulated framework of structured products with third-party custody. Bitcoin products for institutional demand According to Rochard, the firm will target credit allocators seeking volatility protection and equity risk-takers pursuing Bitcoin outperformance. Its…
Ethereum has slipped below the $1,600 mark, but on-chain and technical signals hint that the market may be entering a key accumulation phase. According to an Apr.17 analysis by CryptoQuant contributor abramchart, Ethereum (ETH) is trading near its realized price level, historically a zone that has preceded significant rebounds. The realized price, currently around $1,585, has served as a reliable signal of deep-value accumulation. Every major bull run in ETH’s history has started when the price fell to or below this level. Ethereum is approaching the lower band of the realized price model, indicating market cooling and potentially priming long-term…
Since the sentencing of former FTX CEO Sam Bankman-Fried (SBF), the assets linked to his portfolio have shown mixed performance, with Bitcoin (BTC) emerging as the only one to post positive returns. For context, SBF was sentenced to 25 years in prison on March 28, 2024, for orchestrating one of the largest financial frauds in history. In the aftermath, the cryptocurrency market has seen notable shifts in price movement and adoption trends. The portfolio associated with SBF’s companies, including crypto exchange FTX and Alameda Research, mainly comprised assets such as Bitcoin, Ethereum (ETH), Solana (SOL), and FTX’s native token, FTT.…
Data shared by the prominent blockchain sleuth Whale Alert, which monitors large cryptocurrency movements, has spotted a massive transaction, carrying almost $90 million worth of the Ripple-affiliated XRP token. The transfer was spotted almost three hours ago. The transaction was connected with the second biggest cryptocurrency exchange in South Korea – Bithumb. Meanwhile, the Ripple giant, which works with the XRP coin, is bringing XRP-powered payments to Africa through its new partnership. Almost $90 million XRP on the move The aforementioned data provider revealed that a withdrawal, carrying 40,000,000 XRP. These funds, the equivalent to $83,570,812, left the Bithumb crypto…