Author: NBTC

TON (The Open Network) is on track to overtake Ether in holder numbers by the end of the year. According to Maarten, a Community Analyst at CryptoQuant, TON has attracted around 500,000 new holders daily over the past month, pushing its total count to 112 million. With Ethereum at 137 million holders, TON’s rapid rise could close the gap by December 20 if current trend holds steady. But this isn’t set in stone. Maarten points out two important assumptions. First, TON’s growth could slow. If the daily increase drops by just one standard deviation, TON won’t cross Ethereum’s count until…

Cryptocurrency research firm QCP Capital reported in a recent analysis that there has been a significant increase in the price of Bitcoin (BTC) due to strong spot demand. Last night, BTC briefly reclaimed the $68,000 level before rallying 2.20% and settling in the $67,000 range. QCP Capital noted that there was significant movement in the options market during US trading hours, with intense buying interest in long-term options. In particular, 600 contracts were traded at $120,000 for the March 28 expiration. According to QCP, this indicates a revival of optimistic and long-term buyers and increased confidence that prices will rise…

Ethereum (ETH) could be poised for a new record high as the second-ranked cryptocurrency by market cap mimics Bitcoin’s (BTC) past bull run. Ethereum has yet to hit a record high in the current market cycle, while Bitcoin has reached an all-time high shy of the $100,000 milestone. Now, Ethereum’s current technical setup is mimicking Bitcoin’s 2014-2017 trajectory, where both assets experienced a similar bear market phase, followed by the early stages of a bull cycle, according to trading expert TradingShot’s analysis shared in a TradingView post on November 29. Therefore, Ethereum might follow a well-established path to new highs…

In the last 24 hours, dog-themed cryptocurrency Shiba Inu has registered 2.23 trillion SHIB in large transaction volume, which provides an idea of the total amount transacted by whales in a given day. According to IntoTheBlock data, Shiba Inu’s large transaction volume came in at $36.81 million or 2.23 trillion SHIB in the past day, representing a 60.73% increase. Despite this significant activity, the price of Shiba Inu remains in the red, reflecting the broader market’s volatility. At the time of writing, SHIB was down 4.83% in the last 24 hours to $0.00001689 and down 12.83% weekly. Cryptocurrencies fell broadly…

Bitcoin mining companies channeled a significant portion of their fund raises into machine and infrastructure upgrades. Miners Raise Big and Invest Big in Bitcoin Mining 16 publicly traded bitcoin mining companies have raised more than $5 billion in 2024, according to theminermag.com. The report also revealed that Q3 had the biggest property, plant, and equipment (PP&E) expenditure since Q1 2022 with over $3.6 billion spent on mining upgrades. The bulk of the PP&E spending was on modifications to mining hardware, including the acquisition of new mining sites and technology. This ongoing investment in hardware and infrastructure is in line with…

BANGKOK – Coinbase’s Base blockchain launched in August 2023, and grew with the power of memecoins like BALD, a reference to CEO Brian Armstrong’s bare scalp. But the protocol’s creator says there’s more to the story than silliness. “BALD caught us all by surprise. You know, this was before the public launch of Base. It was when it was just open for developers,” Jesse Pollak said during an interview on the sidelines of Devcon in Bangkok. “I remember waking up on Saturday morning and being like, what is going on? It was not in our plan, and it happened.” BALD…

Tesla’s latest Bitcoin transfer sparked speculation within the cryptocurrency community after Arkham data revealed unusual wallet activity on Wednesday. The funds were moved to a new wallet rather than a trading platform, easing initial concerns about large-scale Bitcoin sales. Neither Tesla nor CEO Elon Musk has commented on the transfer, but more details are expected when Tesla releases its third-quarter earnings report early next week. CryptoQuant community analyst Maartunn offered several potential explanations for Tesla’s Bitcoin transfer, highlighting compliance, wallet management, and restructuring as the most likely reasons: Compliance or Internal Audit: Tesla may be transferring Bitcoin to meet legal…

As investor interest in the largest altcoin Ethereum increases, there are also positive movements in the price. At this point, analysts predicted that the ETH price could rise above $4,000 amid increased investor interest and more favorable crypto regulations expected in 2025. Ethereum Price Will Hit $4,000 by January 20! According to a report by analysts Block Scholes and Bybit Analytics, the Ethereum price is expected to surpass $4,000 by January 20, 2025. This is happening thanks to increased investor interest and optimism about regulatory changes. Analysts also said that open interest in Ethereum has increased significantly and has overtaken…

Volatility Shares, a financial firm known for its novel exchange-traded funds, is launching a new line of ETFs. The financial instrument, using a one-plus-one model, will give investors 100% leveraged exposure to two distinct assets simultaneously. This novel product structure combines major asset classes like cryptocurrencies, equity indices, and volatility measures. It offers portfolios such as BTC+ETH, Nasdaq+ETH, S&P+BTC, S&P+ETH, S&P+Nasdaq, and S&P+VIX. Volatility Shares Introduces Diversified Exposure to ETFs According to Eric Balchunas, an ETF specialist at Bloomberg Intelligence, the one-plus-one ETFs are reminiscent of “Return-Stacked ETFs.” They use leverage to maximize exposure without requiring additional capital from investors.…

At the time of this writing, Shiba Inu (SHIB) was trading at $0.00001691, corresponding to a 4.75% plunge within the past 24 hours. While this price action signals an incoming bearish twist, a few positive sentiments in the Shiba Inu ecosystem indicate a possible recovery. SHIB burn rate and Shibarium daily transactions on rise Data from Shiba Inu’s dedicated burn tracker, Shibburn, shows this metric increased by 114.36% in the last 24 hours. This led to the incineration of 9,071,593 SHIB. As a result of this burn rate, 410,731,258,074,742 is now destroyed from Shiba Inu’s initial supply. Similarly, Shibarium Scan…