Author: NBTC
A new move has come from Tron founder Justin Sun, who has made a name for himself with his purchases and moves in the cryptocurrency market. According to Spot on Chain’s post, the “0x9F…19Fe address” belonging to Justin Sun withdrew all of the WSTETH in Lido Finance about 10 hours ago and converted it into 109,327 stETH worth approximately 258 million dollars. Sun sent his 109,327 stETH to two new addresses “0xdC…0ff0 and 0x79…b163” and then sent it to EigenLayer via these two new addresses. EigenLayer allows ETHs already staked in Ethereum to be re-stakeed in different applications. Users can…
As Russia marches toward a central bank digital currency (CBDC) launch date, the country’s banking regulator is keen to roll out customer support for end users. The Bank of Russia is preparing for a direct support line for retail users rather than limiting its interactions with commercial banks, a local news outlet reports. Plans for customer support features were contained in the central bank’s request for proposals from local technology firms. Information for the proposed support feature is thin, underscored by the signing of a non-disclosure agreement (NDA) by interested parties. However, analysts submit that the offering will be in…
The enigmatic surge in activity within the Shiba Inu ecosystem persists for the second consecutive day, raising eyebrows and stirring speculation among SHIB enthusiasts. Shibarium, a blockchain within the Shiba Inu network, has witnessed an unprecedented spike of 8,139% in new transfers of the BONE token. Yesterday’s revelation, as reported by U.Today, saw the number of new BONE transfers within the Shibarium network soar from a mere 415 to a staggering 33,775. Today, this anomalous surge has further escalated by another 41%, bringing the total count to 47,714, according to data from Shibariumscan. The implications of this peculiar surge remain…
Even though the launch of the ten spot bitcoin (BTC) exchange-traded funds (ETFs) contributed to Coinbase’s better-than-expected fourth-quarter earnings, analyst at J.P. Morgan is skeptical if the benefits are as strong as the exchange makes them seem. “Management touted its involvement in the U.S. spot Bitcoin ETF as a net positive, but we’re still uncertain of its true earning impact as we see both positives and negatives,” J.P. Morgan analyst Kenneth Worthington wrote in a note on Friday. He specifically criticized the company’s lack of clarity around the business, which consists of providing custodial services for eight of the ten…
Blockchain security firm CertiK listed three common ‘honeypot’ schemes created by exploiters to steal users’ crypto in decentralized finance (DeFi) in a report titled ‘Honeypot Scams’ published on January 11. Honeypots are deceptive schemes targeting crypto investors and often lure victims with the promise of lucrative returns, only to trap their funds through different mechanisms. The alluring price charts with continuous green candles influence investors’ fear of missing out (FOMO), leading to impulsive buying. Once bought, these tokens become illiquid due to specific mechanisms preventing their sale. The first mechanism is labeled by CertiK as ‘The Blacklist’, and its execution…
Sparking the latest mystery surrounding Bitcoin Ordinals, someone airdropped 21,000 digital inscriptions as a part of an apparent game promotion on Sunday. “A technological arms race has begun—21,000 cutting-edge RSICs, manufactured in our factory, are being sent from our distribution centers to the Ordinals community,” a message inscribed in inscription 56,754,110 reads. “The RSICs are designed for the sole purpose of securing a bag of runes. These runes will be etched in our foundry after the runes protocol launches on Bitcoin.” BREAKING: Someone just inscribed a 21,000 piece generative art collection onto Bitcoin as an airdrop to the Ordinals community!…
Yesterday, Metis announced the launch of the Liquid Staking Blitz (LSB). Hop out of the sidelines and join the Metis Liquid Staking Blitz💥#MetisLSB is focused on catalyzing growth for LSDs and LSD-focused products on Metis, leveraging the #MetisEDF.Ethereum L2s are entering a new paradigm, and #Metis will lead the way.https://t.co/pbuLmIeTUD — Metis🌿 (@MetisL2) February 7, 2024 The Metis Liquid Staking Blitz focuses on catalyzing the growth of LSD and LSD-focused products on Metis, leveraging the Metis EDF. What is Metis Liquid Staking Blitz (LSB)? METIS: the native token of the Metis layer-2 Liquid Staking What is Metis Liquid Staking Blitz…
Crypto custody market hits $448 billion, with major banks joining in 2023. A recent study by Bitget has shown a 250% increase in assets under custodial management, signaling a growing opportunity in the cryptocurrency sector. Custodial accounts, essential for secure digital asset storage, have seen significant growth, particularly in the wake of the Bitcoin ETF’s final approval. The study also found that the number of custodial accounts has nearly doubled since November 2023. Moreover, short-term custodial accounts, which typically hold funds for less than three months, make up about 77% of the total, with 43% of these account holders redepositing…
In an astonishing display of cryptocurrency market dynamics, Sam Altman-backed Worldcoin (WLD) has seen a dramatic surge in its value, exceeding 20% in a brief period. This significant price movement came to light amid a revelation by Spot On Chain, a crypto analytics firm, which highlighted a noteworthy transaction by a cryptocurrency whale. Spot On Chain highlighted that a particular wallet had earned $2.15 million from WLD within a mere two-day span. They mentioned that their system had detected the wallet, identified as 0x0007, withdrawing 2.09 million WLD, valued at $5.82 million, from Binance at a price of $2.78. Following…
Bitcoin’s looking to close out the week at nearly $52,000. After a week of earnings — including beats from Robinhood and Coinbase — and more inflows for the bitcoin ETFs, the price of bitcoin is up 12% in the last seven days. Data from BitMEX shared early Friday show that the ETFs had net flows of $477 million on Thursday. Inflows for the spot, bitcoin ETFs hit a fresh high at the end of last week, with the funds receiving roughly $1.2 billion in assets. “After a post-ETF-lull, active CME traders have re-entered the market in force over the past…