Author: NBTC
TIA’s social dominance rose to 1.45% of all crypto posts recently. Total staked TIA tokens have reached 727.37 million as of June 29, 2024. In recent days, the native token of Celestia, TIA, has seen a huge increase in price, attracting traders and investors attention. Recent research indicates that an increased fascination with and acceptance of modular blockchains is what is driving the growth of interest in this project. These blockchains let users focus on certain functions, making them extremely efficient and appealing. According to CoinMarketCap, the TIA price is currently around $6.06, up 16.47% over the last 24 hours.…
Centralized cryptocurrency exchanges (CEXs) continue to play a dominant role in the crypto trading landscape, recording a total weekly trading volume of $185.99 billion across 58 active platforms. This significant figure underscores the sustained relevance of CEXs in the ever-evolving digital asset market. TOP CENTRALIZED EXCHANGES BY WEEKLY TRADING VOLUME #Binance #Bybit #Cryptocom #Coinbase #OKX #HTX #LBank #Upbit #MEXC pic.twitter.com/uBjgnYRZOS — PHOENIX – Crypto News & Analytics (@pnxgrp) August 15, 2024 Binance remains the undisputed leader among centralized exchanges, reporting a staggering 7-day trading volume of $59.5 billion. The platform also recorded a 24-hour trading volume of $13.77 billion, further…
Decentralized oracle network Chainlink has launched its Data Streams and Verifiable Random Function (VRF) on Base, a layer 2 blockchain developed by Coinbase, said the firm in a Thursday press release. With the latest integrations, the entire Chainlink product suite is now accessible to Base developers. “Base’s builder-friendly environment is a natural fit for Chainlink products,” said Thodoris Karakostas, Head of Blockchain Partnerships at Chainlink Labs. Chainlink’s Data Streams and VRF on Base aim to provide Base developers with essential tools for building high-performance and secure decentralized applications (dApps). “We’re excited to see all of Chainlink’s infrastructure solutions are now…
Bitcoin’s (BTC) recent price movements reflect a newfound stability in the crypto market, with a notable decrease in volatility, highlighted by a report by on-chain analysis firm Kaiko. Last week, amid US macroeconomic updates, Bitcoin experienced a brief surge from $66,000 to nearly $70,000 before settling back above $66,600, as per the Kaiko BTC Benchmark Reference Rate. Despite the week’s 4% dip and predominant selling on exchanges, Bitcoin’s 60-day historical volatility has consistently stayed below 50% since early 2023. This marks a significant change from the behavior seen in 2022, where volatility often exceeded 100%. In contrast, 2024 saw Bitcoin’s…
Market making is a fundamental concept in financial markets, encompassing the provision of liquidity by entities known as market makers. These market makers are crucial participants in various asset markets, including stocks, bonds, commodities, and cryptocurrencies. Their role is to ensure that there is continuous buying and selling of assets, thereby providing liquidity to the market. This liquidity is essential for the smooth functioning of markets, as it allows traders and investors to buy and sell assets with ease, without causing significant fluctuations in the asset’s price. Market makers achieve this by placing both buy and sell orders on a…
Tether (USDT) is recording dizzying daily trading volumes, surpassing the combined total of Bitcoin, Ethereum, and other crypto. In 24 hours, traders exchanged USDT for over 55 billion dollars, almost double BTC and more than three times ETH. Tether: daily trading volumes exceed those of Bitcoin and Ethereum combined Tether and daily trading volumes beyond those combined of Bitcoin and Ethereum and other assets Closing cycles to open new ones Tether: daily trading volumes exceed those of Bitcoin and Ethereum combined According to reports, it seems that Tether is dominating the daily trading volume scene across the entire crypto market.…
Parcl, the innovative on-chain real estate synthetics platform, and Truflation, the leading source for real-world assets (RWA) indices and inflation data, are teaming up to enhance transparency and accessibility in housing data. This exciting partnership aims to deliver valuable insights into global real estate markets, making housing data more accessible than ever before.—Parcl’s platform provides a groundbreaking approach to real estate markets by offering index markets for speculation and hedging. This system features scalable liquidity and flexible governance, introducing new risk management tools and speculative opportunities within the real estate sector. Through Parcl Labs, the platform addresses the critical need…
With the recent price crash, Bitcoin (BTC) long-term investors have been on an accumulation rampage, registering a record inflow average. According to two sources, the so-called “Accumulation Addresses” have acquired over 12,700 BTC and 20,000 BTC. First, Ali Martinez reported the labeled “accumulation addresses” receiving 12,700 BTC in the last 24 hours, worth $840 million. In the meantime, long-position traders have lost nearly $400 million as over $136 billion left the cryptocurrency market. Later on, Luke Mikic shared the same metric, showing an all-time high of 20,000 BTC inflow to “accumulation addresses.” In this second chart, we can see the…
The recent sharp price drop in Ethereum has sparked a flurry of speculation among investors, raising questions about whether the bearish trend will persist. However, emerging data from the futures market indicates a possible reversal driven by significant changes in long liquidations across exchanges. Recent data from CryptoQuant highlights a major liquidation event in Ethereum’s futures market, reaching levels unseen since November 2022. These liquidations measure the forced closure of long perpetual positions due to price declines, which have recently triggered a cascade of liquidations across all exchanges. This development may indicate a cooling period in the futures market, as…
The Reserve Bank of New Zealand (RBNZ) has published a consultation paper on its proposed central bank digital currency (CBDC). Titled “Digital Cash,” the paper is the second part of New Zealand’s CBDC process as it works towards the possible creation and deployment of a national digital asset. New Zealand is one of many countries involved with the cryptocurrency sector by floating CBDCs. The central bank’s plan for a CBDC could make the country’s crypto landscape more appealing to businesses, encouraging them to support digital assets. Already, some of the best online casinos in New Zealand support cryptocurrencies, allowing users…