Author: NBTC
A sharp decline in Ethereum (ETH) prices triggered a wave of liquidations among leveraged ETH whales, according to a recent report from on-chain analyst EmberCN. Several whale addresses were forced to sell off their ETH holdings to cover their loans, including: Address starting with “0x1111” liquidated 6,559 ETH to repay a 277.9 WBTC loan. Address starting with “0x4196” liquidated 2,965 ETH to repay a 7.2 million USDT loan. Address starting with “0x790c” liquidated 2,771 ETH to repay a 6.06 million USDC loan. Address starting with “0x5de6” liquidated 2,358 ETH to repay a 5.17 million USDC loan. These liquidations came amid…
Synthetix secures the top gainer spot on CoinMarketCap, drawing investor attention. Synthetix’s recent updates, including the Andromeda release, strengthen its DeFi protocol. Synthetix (SNX) has recently received a lot of attention from investors, taking the top rank among notable cryptocurrency gainers on CoinMarketCap. At the time of writing, the token has risen more than 13% to $1.93, extending its bullish trend with a 24.40% increase in the previous seven days. This outstanding performance is related to the protocol’s capacity to create synthetic assets on the Ethereum blockchain, demonstrating its better performance across many major exchanges. With Bitcoin’s recovery over its…
Today, enjoy the On the Margin newsletter on Blockworks.co. Tomorrow, get the news delivered directly to your inbox. Subscribe to the On the Margin newsletter. Welcome to the On the Margin Newsletter, brought to you by Ben Strack and Casey Wagner. Here’s what we are digging into on this (glorious?) Monday: BTC’s price plummeted to $60,000. How much further down could it go? The economic data to watch for ahead of the July 4 week. We’re in the US spot ETH ETF homestretch, fund firm filings show. How low can you go? No, we didn’t just pull out the limbo…
A widely followed crypto analyst believes that one digital asset sector is going to have a massive revival this market cycle. Pseudonymous crypto trader Kaleo tells his 643,400 followers on the social media platform X that a bullish resurgence is likely for non-fungible tokens (NFTs). “I’m one of the crazy people that still believe NFTs will have another major run this cycle. Think back to late summer/early fall of 2020 at the beginning of the last bull market. NFTs were irrelevant. Punks hadn’t done anything significant yet. Finding the next DeFi (decentralized finance) play was the only thing anyone cared…
Ethereum’s gas fees surged to 710 gwei amid a 22% price drop, causing investor panic and widespread market instability. At $1,950, $92.2 million in DeFi assets face liquidation, escalating to $271 million if Ethereum’s price hits $1,790. Total crypto market capitalization plummeted by $300 billion in three days, with $732 million liquidated in the last 12 hours. Ethereum’s value dropped to nearly $2,100, a 22% decline, a low not seen since January 1, 2024. This sudden drop has sparked investor panic, evident as Ethereum gas fees surged dramatically. The Max Ethereum gas fee reached an alarming 710 gwei, with the…
In our latest podcast episode, we had the pleasure of interviewing one of the founders of Waldos Legend, a company revolutionizing the cannabis industry by tokenizing weed.—The Waldos Legend has introduced the Waldos Genesis NFT, which is more than just a PFP; it’s backed by real-world assets in the cannabis industry. This NFT offers holders benefits, including a 30%-50% discount on purchases from Waldos Cannabis website and physical shop, depending on the rarity of the NFT.Waldos Legend NFTs stands out in the burgeoning field of real-world asset (RWA) projects. Meme Coins, RWA, and Artificial Intelligence (AI) were the most popular…
During early Monday in Asian trading hours, Ethereum (ETH) plummeted to its lowest since January 2024, hitting a low of around $2,100. This sharp drop occurred in just a 15-minute window around 01:00 UTC, with Ethereum’s value nosediving from $2,540 to $2,100—a 15% fall. This swift descent shocked traders, struggling to believe the rapid decline. Jump Trading and Other Institutions Trigger Ethereum Sell-Offs Alongside Ethereum, major assets like Bitcoin (BTC) and Solana (SOL) each shed 10% of their value over the same period. Among the top ten cryptocurrencies by market capitalization, Ethereum was the worst affected. Over the last 24…
Three years after the implosion of the Terra ecosystem, the algorithmic stablecoin TerraUSDClassic (USTC) remains far from its intended $1 peg, raising questions about the viability of algorithmic stablecoins and the future of the beleaguered project. The project secured funding from prominent crypto exchanges like Binance and Coinbase. However, in May 2022, UST lost its peg, triggering a catastrophic crash that wiped out $45 billion from the crypto market in a single week. This is Do Kwon.Net worth over $3 billion.Founder of Luna and UST, whose collapse wiped out $45 billion in one week.Here’s the untold story behind it 🧵👇…
The famous cryptocurrency exchange Mt., which declared bankruptcy in 2014. Gox will begin repaying creditors in July. In the refund process, which has been worked on for years, $9.2 billion worth of Bitcoin held since the stock market crash will be returned. The Improvement Trustee, responsible for overseeing the refund process, is preparing to issue refunds in Bitcoin and Bitcoin Cash. The Trustees stated that they have devoted significant time to ensuring a safe and reliable refund process, which includes technical solutions for secure refunds, compliance with financial regulations in each country, and discussing refund arrangements with cryptocurrency exchanges. Mt.…
Ethereum price nosedived after it settled below $3,000. ETH is down over 20% and it is now attempting to recover from the $2,000 zone. Ethereum started a major decline below the $2,800 and $2,650 levels. The price is trading below $2,500 and the 100-hourly Simple Moving Average. There is a key bearish trend line forming with resistance at $2,500 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a recovery wave if it clears the $2,500 resistance zone. Ethereum Price Takes Major Hit Ethereum price started a major decline after it broke the $3,000 support.…