Author: NBTC
In a recent analysis by cryptocurrency analysis company CryptoQuant, the relationship between Bitcoin price and funding rates was investigated. The study examined the intricacies of funding rates and their potential impact on market dynamics. Funding rates essentially represent the fees paid between long and short positions in perpetual futures contracts. They serve to ensure that the price of perpetual contracts remains close to the spot price of Bitcoin. When more traders hold long positions (betting on price increases), the longs pay the shorts a fee to maintain their positions. This scenario, characterized by positive funding rates, indicates bullish sentiment and…
In the realm of crypto staking, the choice of platform is crucial for optimizing rewards. Armed with years of crypto expertise, we’ve sifted through the market to pinpoint the top platforms for staking your crypto to earn passive income. This guide hones in on simplicity, security, and accessibility — the core elements of the best place to stake crypto. Let’s skip the formalities and focus on platforms that offer maximum returns without unnecessary complications. Best Apps To Earn Crypto: Your Gateway To Financial Growth In this section, we delve into a comprehensive analysis of the best places to earn interest…
Non-fungible tokens (NFTs) gained popularity in 2021, generating over $23 billion in trading volume that year. In addition to impressive market growth, a number of celebrities, major brands and sports teams launched their own NFTs in 2021. Unfortunately, the NFT industry saw a major decline following the collapse of crypto exchange FTX and other similar events. According to a 2023 industry report from DappRadar, NFTs became much less valuable throughout 2023, resulting in a trading volume of $12.6 billion. Interestingly, the report also points out that an impressive 60 million NFTs sold last year, resulting in a 445% increase from…
A crypto whale known for its shrewd trading strategies offloaded a staggering $8.78 million worth of Ethereum (ETH), according to data from the on-chain analytics platform LookOnChain. The trader sold 3,360 ETH at an average price of $2,615, earning about $1.3 million in profit. This move follows a similar strategy where the same entity sold 367 Wrapped Bitcoin (WBTC) valued at $17.35 million at $47,288 each two days prior, securing a profit of around $1.35 million. Ethereum Whales’ On-Chain Behavior The transactions were executed through a trio of wallets, identified by their addresses as 0xAc4c, 0x36c2, and 0x8B20. This strategy…
In a recent discussion on CNBC, Fred Thiel, the CEO of Marathon Digital, a leading Bitcoin mining company, shared his insights on the cryptocurrency market, particularly focusing on the role of US-listed spot Bitcoin Exchange-Traded Funds (ETFs) and their significance for the sector. Navigating Bitcoin’s Volatility: A Miner’s Strategy Thiel acknowledges the inherent volatility of Bitcoin, emphasizing that miners, much like their counterparts in traditional commodity markets, face the dilemma of managing the potential for downturns. Despite the availability of hedging strategies, such as selling covered calls or purchasing puts, Thiel points out the limitations and imperfections of these approaches.…
UwU Lend, the decentralized and innovative lending platform, is proud to announce the return of the Curve ecosystem, along with its new stablecoin crvUSD! Moreover, with this exciting step forward as one of the first lending platforms to add crvUSD. UwU Lend aims to support the stabilization and growth of the Curve ecosystem while offering users more diversified markets. The Thrilling Curve Market Will Captivate Investors CRV is the governance token of the Curve ecosystem that allows voting for liquidity pools on Curve in exchange for emissions and bribes. As such, users can now deposit their tokens on UwU Lend…
TL;DR dUAW Record: Start 2024 with 5.3M Daily Active Portfolios, an increase of 18%. DeFi on the Rise: DeFi reaches $110B in TVL, Ethereum leads with 68%. NFT and Gaming Boom: NFT Operations at $1.5B, highlighting Azuki; Gaming with 1.5M dUAW, 28% of the industry. The decentralized application (Dapp) industry has kicked off 2024 with an impressive milestone: 5.3 million Daily Active Unique Wallets (dUAW), marking an 18% increase from the previous month. This number, the highest since 2022, indicates continued momentum and optimism on the horizon with the approaching Bitcoin halving. Within the industry, the blockchain gaming sector maintains…
Ethereum, the second-largest cryptocurrency by market capitalization, has seen a surge in demand and price since February’s start, touching a one-month high of $2,687 in early trading today. According to Lookonchain, an Ethereum whale has made a brave move in accumulating ETH since the start of February, when its price started rising from lows of $2,239. The whale’s strategy was going long on ETH using revolving loans on the Spark platform, which allows the borrower to withdraw, refund and redraw funds as needed within a specific limit and period. A whale is accumulating $ETH and going long $ETH by revolving…
Peter Thiel’s Founders Fund has made a $200 million investment in bitcoin and ether. Thiel’s fund sold crypto holdings for $1.8 billion before 2022’s crypto winter. Peter Thiel’s Founders Fund made a $200 million investment in bitcoin and ether before the bull run, per report by Reuters. According to CoinDesk Indicies data, bitcoin (BTC) has increased nearly 124% in the last 12 months, while ether (ETH) has risen 75%. The CoinDesk 20 Index (CD20) has rallied approximately 86% in the same period. Founders Fund started to purchase bitcoin when it was below $30,000 and acquired more BTC and ETH in…
Terra Luna Classic community votes on the key Tax2Gas proposal, which major step in the revival of LUNC and repeg USTC to $1. The proposal seeks implementation of the Tax2Gas approach on Terra Classic in collaboration with popular developer StrathCole and developer group Genuine Labs. Tax2Gas will incorporate the tax into the gas and remove the need for separate handling and calculation. The proposal aims to increase the on-chain tax rate to 1.5%, which brings back to the original 1.2% burn tax, with 0.3% to fund the chain by the current on-chain 80/20% tax split. Terra Luna Classic Tax2Gas Proposal…