Author: NBTC
Ethereum staking reaches a major milestone as 25% of the total ETH supply, around 30 million ETH, is now staked. On Feb. 8, Lido, a leading liquid staking platform, announced that over 30 million ETH, representing a quarter of Ethereum’s circulating supply, has been staked. 25% of the ETH supply is now staked pic.twitter.com/YcZrE1ZOhV — Lido (@LidoFinance) February 7, 2024 According to Dune Analytics, this milestone has been reached, positioning Lido with a 31.5% market share in staked Ethereum. The total value of staked ETH stands at approximately $73 billion, with nearly a million validators contributing to the network’s security.…
Bitcoin-adjacent stocks surged on Thursday as the leading digital currency reclaimed $45,000—erasing its losses following several Bitcoin spot ETF approvals last month. MicroStrategy (MSTR), the public software firm that holds 190,000 BTC, is up 12% on the day to $569 per share. Meanwhile, crypto exchange Coinbase (COIN) is up 7.7% at $131, more than recovering from its dip earlier this week. Michael @saylor ($MSTR) is making the most strategic move in the history of public markets and hardly anybody (outside BT) is paying attention. – Borrowing Cheap to buy #Bitcoin (speculative attack on fiat)- Issuing Stock to buy Bitcoin (speculative…
In a whirlwind of twists witnessed recently, XRP, a cryptocurrency backed by Ripple Labs, curated quite the buzz following the noting down of a significant whale transaction recently. As per on-chain insights offered by Whale Alert, a blockchain tracking platform, a whopping 203.10 million XRP, worth $112.20 million, on the move caught the eyes of crypto market enthusiasts. Meanwhile, the XRP price today noted a substantial pump, nearing the $0.58 mark, sparking curiosity among crypto market traders and investors. The derivatives data for the Ripple-backed token further propelled bullish sentiments across the crypto market, coinciding with the surge in price…
GiveCrypto, an initiative founded by Coinbase CEO Brian Armstrong “to make direct donations to people in need”, has made a significant donation of $3.6 million to Brink, a non-profit organization dedicated to funding Bitcoin developers. Brink is excited to announce a $3.6m donation to our #Bitcoin development funding efforts from GiveCrypto!Thank you to @brian_armstrong and the @coinbase team as well as @johnhering and @FEhrsam for your support in making this happen! — Brink (@bitcoinbrink) February 16, 2024 Brink, founded by renowned Bitcoin developers John Newbery and Mike Schmidt, aims to provide financial support and mentorship to promising developers working on…
A CryptoPunk collectible recently sold for 205 Ethereum (ETH) worth a whopping $507,617, amid an observable uptick in global non-fungible token (NFT) sales, with sales volume surging by 17.72% in the past 24 hours. Following the surge in NFT sales volume, the market has recorded $38.28 million in sales over the last 24 hours. Interestingly, the CryptoPunk collectible represents the largest single NFT sale in the past 24 hours and the last month. NFT sales – Jan. 22 | Source: CryptoSlam The sale, involving CryptoPunk #6940, occurred yesterday at 14:11 (UTC), per data from Etherscan. Historical transaction data confirms that…
Rick Santelli is a well-known figure in the financial news world, serving as an editor for the CNBC Business News network. Born on July 6, 1956, Santelli has been with CNBC since June 14, 1999, where he has made a name for himself by reporting primarily from the floor of the Chicago Board of Trade. Before joining CNBC, he held the position of vice president for an institutional trading and hedge fund account, focusing on futures-related products. He remains a prominent voice on CNBC, providing live reports from the Chicago Mercantile Exchange on topics such as interest rates, foreign exchange,…
In the latest edition of Shib Magazine, lead developer Shytoshi Kusama reveals some significant upgrades that will be implemented across various Shiba Inu projects. The team behind the Shiba Inu ecosystem has made significant upgrades, positioning SHIB among the leading cryptocurrencies. In less than four years, the Shiba Inu ecosystem now has a metaverse project (Shib: The Metaverse), a play-to-earn game (Shiba Eternity), NFT (Shiboshis), decentralized exchange (ShibaSwap), and an L2 blockchain (Shibarium). Shiba Inu Progress in 2024 To strengthen the ecosystem further, the team, through its lead developer, Shytoshi Kusama, outlined strategic advancements that will be introduced to Shiba…
Bitcoin ETFs experienced a total net inflow of $477 million on Feb. 15th, continuing a trend of positive net inflows for the 15th consecutive trading day. According to data from SoSoValue, the Grayscale ETF, GBTC, diverged from this trend with a net outflow of $174 million for the day. In contrast, BlackRock’s Bitcoin spot ETF, IBIT, led the market with a daily net inflow of $330 million, bringing its total historical net inflow to $5.17 billion. The surge in investor confidence was particularly evident on Feb. 13th, which recorded the highest single-day net inflow at $631.2 million. The net inflow…
Decentralized exchange dYdX, which recently migrated from Ethereum to Cosmos, has topped one of Uniswap’s markets to become the largest DEX by daily trading volume, according to data from CoinMarketCap. The Cosmos-based v4 version of dYdX just saw $757 million of volume over a 24-hour period, topping Uniswap v3, which had $608 million, the data shows. dYdX’s v3 market, which still operates, had $567 million, enough for third place. According to dYdX, the total trade volume so far for its v4 market since launch is $17.8 billion. In 2023, dYdX’s v3 saw a total of over $1 trillion in trading…
“Genesis Cat,” a digital art image minted atop the Bitcoin blockchain’s Ordinals protocol by the Taproot Wizards team, has sold for $254,000 in a Sotheby’s auction. The image was a special edition 1-of-1 piece by the Taproot Wizards artist Francisco “FAR” Alarcon, featured as part of a broader sale of Ordinals inscriptions by Sotheby’s. The auction started on Jan. 12 and concluded on Monday. The sale price for Genesis Cat was more than 12 times the estimated $15,000 to $20,000 for the lot, and comes after Sotheby’s last month sold three pixelated images from the “BitcoinShrooms” collection for a combined…