Author: NBTC
Solana’s meme token boom continues to shift the balance, with DEX activity catching up with Ethereum. It has reached around 57% of the activity levels on the Ethereum blockchain. However, Ethereum maintains an advantage in terms of higher liquidity and wider adoption through Uniswap. Solana’s DEX activity has seen gradual growth throughout 2024, catching up with Ethereum’s levels. The last quarter saw a new meme token boom with corresponding inflows into Raydium, with DEX volumes now at 57% of the levels on Ethereum. The biggest story on Solana is the capacity of Raydium, which now competes with Uniswap and its…
Michael Saylor, cofounder and executive chairman of MicroStrategy, has once again stirred the crypto community with his latest statement. In a recent tweet, Saylor declared, “working for Bitcoin.” Saylor’s tweet underscores his commitment to Bitcoin, a stance he has maintained since MicroStrategy began accumulating the cryptocurrency in 2020. MicroStrategy’s market worth has increased from $1.5 billion to more than $40 billion in the four years since. Saylor owes the company’s success to its Bitcoin strategy. Working for #Bitcoin pic.twitter.com/Wj1VoJmJlV — Michael Saylor⚡️ (@saylor) October 23, 2024 Saylor’s declaration that he is “working for Bitcoin” might suggest deeper involvement in the…
MARA has upsized its zero-coupon convertible notes, offering to $850 million from $700 million. MARA plans to buy more bitcoin with the estimated net proceeds of $833 million. Disclaimer: The analyst who wrote this piece owns shares of MicroStrategy (MSTR) and Semler Scientific (SMLR). MARA Holdings (MARA) has increased its previously announced convertible note offering from $700 million to $850 million. It has also raised the option for initial purchasers to acquire extra notes to $150 million from $105 million. The offering is expected to close on Nov. 20, and is a private offering directed at qualified institutional buyers. The…
In an interview with CoinDesk, Justin Sun explained why memecoins are more fair than VC-backed tokens, how traders are having better memecoin returns on HTX rather than Binance, and the importance of bringing Chainlink to Tron’s DeFi ecosystem. He also said that he has a slight preference for dog memecoins rather than cat memecoins. Research from CoinGecko shows there’s a market preference for cats over dogs. HONG KONG – Getting a sit-down interview with Justin Sun is a difficult process. Logistics are coordinated at the same scale as if he were a head of state, and Sun’s schedule at a…
Polymarket, the world’s largest prediction market, recently hosted a betting event on which memecoin will be listed next on Binance, the world’s largest digital asset trading platform. The options included Popcat (POPCAT), Mog Coin (MOG), Goatseus Maximus (GOAT), and Moo Deng (MOODENG). POPCAT emerged as the most likely candidate, with a 21% chance of being listed on Binance and a betting volume of $6,602. MOODENG followed with a 15% chance and a volume of $5,538, while GOAT had a 17% chance and a volume of $6,284. MOG and NEIRO had the lowest chances at 2% and 3%, respectively. Read also:…
On Tuesday, Bitcoin (BTC) exchange-traded funds (ETFs) experienced their first net negative flow in seven days. This comes amid the steady decline in market activity, which has caused the leading coin’s price to plummet to a weekly low. As of this writing, Bitcoin trades at $66,776, noting a 2% price drop over the past week. With bearish sentiment steadily increasing around the coin, holders may need to prepare for potential further losses. Bitcoin ETFs Record Outflows Data from SosoValue shows that BTC spot ETFs experienced a net outflow of $79.09 million on Tuesday, breaking a streak of seven consecutive days…
Vitalik Buterin, a cofounder of Ethereum, recently revealed important details about the dynamics of Ethereum’s layer 1 (L1) and layer 2 (L2) going forward. He underscored in a Twitter discussion that L1s should be built to withstand hard times, guaranteeing a strong and dependable base for the blockchain ecosystem. L2 solutions can concentrate on developing more adaptable high-performing systems designed for good times in the interim. Buterin emphasized the significance of L1-level security and decentralization. He made the case against depending too much on overly idealized solutions like satellite-based communication networks since they present possible risks, such as censorship and…
In order to support the growing USDC ecosystem and meet diverse user demands, OKX announced the addition of two new USDC spot trading pairs: MEMEFI/USDC and MAJOR/USDC. OKX Expands USDC Ecosystem with New Spot Trading Pairs Trade Program MEMEFI/USDC Auction Call: November 22, 2024, 15:30 – 16:30 Spot Trading: Opening November 22, 2024, 04:30 MAJOR/USDC Auction Call: November 28, 2024, 16:30 – 15:30 Spot Trading: Open November 28, 2024, 15:30 What is MEMEFI? Memefi is a unique cryptocurrency game that combines meme culture with innovative game mechanics. In this universe, memes fight for resources and influence, and players receive rewards…
Bitcoin has surpassed $99,000 in a historic milestone, with the network hash rate reaching an all-time high. Bitcoin’s hashrate has achieved new highs, marking a significant milestone for the cryptocurrency’s network security and mining efficiency. Hashrate refers to the total computing power of all Bitcoin miners, and the current peak indicates that there have never been more miners online, actively securing the network. According to a new CryptoQuant report, this increase in hashrate comes after a drop following the latest Bitcoin halving event. Bitcoin Hashrate Hits All-Time High“After the halving, there was a noticeable decrease in hashrate, but with the…
While Ethereum continues to face challenges in regaining momentum, analysts point to several factors, including MVRV momentum and whale activity, to suggest a potential rally toward $10,000. Ethereum has been facing a challenging market environment, with its price struggling to stay at par with the broader bullish trend. Despite significant movements in other cryptocurrencies, Ethereum has yet to show signs of a robust recovery, sparking investor concerns. However, analysts are closely watching whether ETH can break through key price levels, including the $4,000 mark. In a post on X, analyst Ali Martinez pointed out that Ethereum could soon outperform Bitcoin…