Author: NBTC

New data reveals that the largest Bitcoin (BTC) whales are snapping up billions of dollars worth of the top crypto asset by market cap in 2024. According to market intelligence platform Santiment, while digital wallets holding between 100 and 1,000 BTC have been selling the crypto king this year, wallets holding 1,000 to 10,000 BTC have been gobbling up Bitcoin at a rapid pace. “Independent from the impressive volume happening with Bitcoin ETFs (exchange-traded funds), there has been a distinct flip in the level of BTC’s supply being held by different sized wallets: 1,000-10,000 BTC wallets: $12.95 billion added in…

Hayden Adams’ token swap service Uniswap claims to be a decentralized finance (DeFi) protocol, where holders of its UNI governance token can cast controlling votes on upgrades and changes. However, as with most self-described DeFi protocols, Uniswap utilizes quite a few decentralization theatrics. For years, Uniswap boasted its open-sourcing efforts. The Ethereum Foundation even provided initial funding to Uniswap for its free and open source software (FOSS) initiatives. Nowadays, Uniswap enlists a team of brand protection workers to send cease and desist letters, threatening to sue users of its technologies. For example, one observer claims that its team mails legal…

Magic Eden has announced its partnership with Azuki. Not a lot of details have been shared, but it has been made public that Azuki will assist Magic Aden with the development of its ETH marketplace. One benefit of the partnership with Magic Eden is that it will become the preferred marketplace for Chiru Labs NFT collections. Magic Eden has further asked its community members to be careful while interacting with impersonators. Their ETH marketplace is not yet live. Links circulating on the Internet could be an attempt to drain the funds or resources of users. An announcement about the ETH…

Asset management executives anticipate a pivotal decision on the introduction of spot Ethereum Exchange-Traded Funds (ETFs) in the United States, with a consensus view that there’s a 50% likelihood of regulatory approval by May 2023. During a panel discussion on Feb. 13, leaders from Bitwise Asset Management, Galaxy Asset Management, and Grayscale shared insights into the prospects of Ethereum ETFs, marking a significant moment for cryptocurrency investment products. On the odds of an $ETH ETF this year: @Matt_Hougan: “I think it’s probable we will get an ETH ETF reasonably soon. I think there’s a 50/50 chance by May, but the…

The world’s largest crypto asset manager is not done selling shares of its Grayscale Bitcoin Trust (GBTC) and the underlying asset. This follows weeks of outflows in the wake of the launch of competing spot Bitcoin exchange-traded funds. Grayscale’s GBTC selling has slowed down, much to the joy of industry observers and Bitcoin advocates, but there are more outflows on the horizon. Grayscale GBTC Exodus On February 13, Swan senior analyst Sam Callahan reminded industry observers that another bankruptcy estate is planning to sell billions of dollars worth of GBTC soon. FTX has sold almost $1 billion in GBTC shares…

Cardano (ADA) has caught the attention of the cryptocurrency market with a notable 6.5% rise in its price over the past 24 hours, according to CoinGecko data. This surge stands out in a market that has seen mixed performance among its top players, positioning ADA as a topic of interest for both investors and analysts. The price spike in ADA comes amid a period of heightened anticipation within the Cardano community for the upcoming network upgrades. Leading pack While ADA experiences a price uptick, the broader crypto market exhibits varied movements. Bitcoin (BTC), the leading cryptocurrency, has remained stable over…

Amidst the dynamic world of cryptocurrencies, Ethereum, the second-largest digital currency, has ignited investor enthusiasm, driven by a bold prediction from Michaël van de Poppe, CEO of MN Trading. Van de Poppe’s forecast projects a remarkable climb for Ethereum, anticipating a potential surge to the range of $3,800 to $4,500. This optimistic outlook gains momentum as Ethereum’s current valuation hovers around $2,980, showcasing a robust performance while its counterpart, Bitcoin, grapples with market challenges. Ethereum: Fueling Bullish Momentum Several factors contribute to Ethereum’s bullish momentum, a sentiment emphasized by Van de Poppe. Ethereum’s recent outperformance relative to Bitcoin, coupled with…

Elon Musk has leapt to the defense of a bitcoin-loving 66-year-old dad after he responded to a viral TikTok video in which his daughter claimed he abandoned her at the age of five to become a breakdancer. Social media influencer Madi Hart shared a video last week in which she described how her father, Ben Hart, became a D-list celebrity after he abandoned her family to “pursue amateur breakdancing” — and “got really good.” According to Hart, despite finding time to appear on numerous talk shows, and dance with Paula Abdul, her father often forgot her birthday and “wouldn’t pay…

Liquid restaking protocol EigenLayer has temporarily removed its 200,000 ether (ETH) staking cap, spurring a $750 million rise in total value locked (TVL) in a matter of hours. Data from DefiLlama shows that inflows of $750 million flooded Eigenlayer within two hours after it lifted its cap, leading to a cumulative TVL of more than $3 billion. EigenLayer placed its official TVL at $3.2 billion at press time, representing a $1 billion increase over its tally from a day before. Restaking is a strategy that investors can use to earn additional rewards on ETH that they’ve already “staked” on the…

The NFT crypto-hybrid, ERC404, dubbed Ethereum’s experiment, has reportedly generated $87 million in total volume on DEXs, that is, decentralized exchanges. The same figure for NFT marketplaces stands at just below $1 million. The novel token brings together the attributes of fungible tokens and NFTs—non-fungible tokens. The end goal is to enhance liquidity and trading flexibility. ERC404 has been implemented via Replicants, an NFT collection. Its pieces can be sold on NFT marketplaces like OpenSea or Blur, or on DEX like UniSwap. Interest in Replicant has peaked to the extent that the price has risen from 0.38 ETH to 4.26…