Author: NBTC

Crypto markets are preparing to brace for the impact of a possible global recession. On Thursday, the United Kingdom and Japan fell into an unexpected recession hinting that a global downturn was just around the corner. Amid investors now gauging carefully before making investment decisions, the future of crypto markets resides in the doldrums. UK and Japan slip into unexpected recession According to official reports, the United Kingdom has entered a recession. According to the Office for National Statistics, the gross domestic product for the country shrank by 0.3% in the last three months of 2023, after contracting by 0.1%…

Pixels has unveiled plans to distribute a whopping 20 million PIXEL tokens. This airdrop targets Ronin network users who have staked RON tokens. The blockchain gaming platform intends to reward its loyal community through airdrop. Pixel to Reward Ronin Community Through Airdrop Scheduled ahead of the PIXEL token’s launch on Monday, the announcement was made this past Sunday. The gaming platform took a snapshot of eligible users on February 8, categorizing them into four tiers based on their RON stakes for the airdrop. This strategic move will see the airdrop executed in two phases. Consequently, a total of 20 million…

Positive news for Puffer Finance, which has surpassed 850 million dollars in total locked value (TVL) in its smart contracts, since its launch on February 1st. Currently, it ranks as the second most important liquid restaking protocol on Ethereum. Let’s see all the details below. Puffer Finance establishes itself as a leader in liquid restaking: TVL news Puffer Finance also stands out in adoption The partnership with BlockSec Phalcon for advanced security of blockchain resources Puffer Finance establishes itself as a leader in liquid restaking: TVL news As anticipated, the total locked value (TVL) in Ethereum’s liquid restaking protocol, Puffer…

Ascendant Ethereum NFT project Pudgy Penguins now boasts a floor price within striking distance of once-dominant collection Bored Ape Yacht Club—setting the stage for a potential flip that would upend long standing power hierarchies in the NFT industry. At one point on Sunday afternoon, the lowest price one could pay for a Pudgy Penguins NFT rose to 21.5 ETH, or just over $54,850 at writing, according to data from NFT Price Floor. At that same moment, Bored Ape NFTs sold for a minimum price of 22.8 ETH—a sum worth just north of $58,000 at current prices. The gap in floor…

Ethereum’s (ETH) price reached a new yearly high of $2,825 today, breaking out from a horizontal area in the process. There is a noticeable lack of overhead resistance above the current level. Can ETH accelerate its rate of increase further? Ethereum Moves Above the Middle of Its Range The weekly time frame technical analysis shows the ETH price has increased since June 2022. After several failed attempts, ETH reclaimed the bottom of the range in March 2023 (green icon) and has not looked back since. In January 2024, ETH reached a high of $2,717 but was rejected by the middle…

Quick Take The Bitcoin market, currently priced above $52,000, is treading the thin line between market greed and euphoria, according to Glassnode. The sentiment of greed has predominantly been the narrative since October 2023, with a brief period of neutrality during a 20% dip below the $40,000 mark. However, multiple indicators suggest the peak euphoria of the cycle still lies ahead. Currently, at 22, Google Trends’ search of “Bitcoin” signals a vast distance from the 2021 bull run’s relative peak value of 100. Furthermore, according to analyst Vetle Lunde from K33 Research, the quarterly retail trading volume of Coinbase in…

Dog-themed cryptocurrency Shiba Inu (SHIB) has witnessed a spike in whale activity as billions of SHIB tokens were shifted in a single day. According to data from IntoTheBlock, the volume of large transactions involving SHIB, which are defined as those exceeding $100,000 in value, soared 102.03% in the past 24 hours. Large transaction volumes are often indicative of whale activity.These transactions amounted to 1.02 trillion SHIB, worth about $9.97 million. Large transaction volumes provide an idea of the total amount transacted by whales and institutional players on a given day. Large transaction volumes saw a significant increase from 513.97 billion…

Global asset management firm, Bernstein has expressed confidence, foreseeing a fairly strong chance of the United States Securities and Exchange Commission (SEC) approving an Ethereum Spot ETF.   SEC Ethereum Spot ETF Approval Imminent In a February 19 research report, Bernstein analysts Gautam Chhugani and Mahika Sapra disclosed that Ethereum, the world’s second-largest cryptocurrency, may be the only digital asset after Bitcoin, to win an ETF approval from the US SEC.  Following the approval of Spot Bitcoin ETF, many crypto enthusiasts anticipated Ethereum as the next in line for an ETF. However, given the SEC’s current stance on cryptocurrencies and its…

OKX, a popular Web3 tech company, released its latest features on February 13, 2024. One of the biggest changes is that OKX Wallet now supports Finceptor, a multi-chain liquidity and community growth protocol. This integration simplifies OKX Wallet access to Finceptor’s liquidity vaults and DeFi bonds. These give pre-launched and publicly traded tokens on different blockchains new liquidity and growth opportunities. OKX and Finceptor Collaboration Expands DeFi Opportunities Finceptor offers liquidity farming, risk-protected lending, and automated payback schedules on token projects its analysts have reviewed. OKX Wallet users can join Finceptor programs with popular layer 1 and layer 2 cryptocurrencies.…

Berachain airdrop hunters have minted over 1.7 million NFTs as the yet-to-launch project engaged speculators in tasks that may yield free tokens. Berachain is a layer-1 network powered by proof-of-liquidity and built on the Cosmos SDK, a framework for creating decentralized applications or dapps written in the Go programming language. The protocol also considers itself an Ethereum Virtual Machine-equivalent L1. The blockchain claims to fully implement the EVM code enshrined in Ethereum’s yellow paper, a technical document explaining Ethereum blockchain design and architecture. An EVM-equivalent protocol is also completely compliant with Ethereum, enabling support for any dapp running atop Ethereum’s…