Author: NBTC

A new study by crypto market maker Keyrock reveals that 88% of tokens released via airdrops in 2024 saw their prices drop, with most of the drops occurring within the first 15 days. Keyrock’s report details that most price movements occur immediately after an airdrop, with very few tokens recovering three months later. “After three months, very few tokens manage to post a positive result, with only a handful bucking the trend,” the report reads. Airdrops are the distribution of free tokens to early or frequent users of decentralized finance (DeFi) protocols. Originally, airdrops were designed to reward loyal users…

A popular crypto analyst thinks three indicators suggest Bitcoin (BTC) is far from its top. The pseudonymous crypto trader known as TechDev shares a graphic with his 468,700 followers on the social media platform X that charts the liquidity cycle, Bitcoin’s Relative Strength Index (RSI) and BTC’s Fisher Transform Indicator. Source: TechDev/X TechDev’s first chart displays a line for Bitcoin’s price and a line that pits the Chinese 10-year bonds (CN10Y) against M2SL, the seasonally adjusted measure of money supply in the United States. Based on the trader’s chart, he appears to suggest that an expansion in the CN10Y against…

Maverick Protocol integrates with Coinbase Wallet, offering users easier access to swaps and Boosted Positions with extra rewards. Maverick Protocol strengthens community engagement through voting and yield strategy discussions across multiple liquidity platforms. Maverick Protocol has made a big step by connecting with Coinbase Wallet Smart Wallet, therefore streamlining the user experience for its expanding community. Announced via an official statement from Maverick Protocol, this integration lets customers access Maverick v2 with simplicity, therefore optimizing the gas experience and the onboarding process. Smart Wallet users may fully utilize Maverick’s features—including the opportunity to swap tokens at better rates and enjoy…

PayPal’s stablecoin PYUSD lost nearly 30% of its market cap over the last 30 days, sliding from over $1 billion to $712 million as of Sept. 25, according to on-chain data. The decline was primarily caused by a significant reduction of its market cap on Solana, which accounted for roughly 65% of the total market cap on Aug. 26. The PYUSD in circulation or locked within the Solana ecosystem has fallen from $662 million to $364 million as of Sept. 25. Comparatively, its market cap on Ethereum has remained stable over the period at $340 million. Nevertheless, the daily average…

Bitcoin eyes $380K peak as US M2 Money Supply and Chinese Bonds signal upcoming surge. Imminent MACD crossover predicts Bitcoin’s bull run; historical trends suggest major gains. Past patterns show Bitcoin rallies post-MACD crossover with US M2 and Chinese Bonds aligning. Bitcoin seems poised for a robust upward movement. The comparison of primary economic data and market signals shows that Bitcoin could undergo a significant increase in value soon. This anticipation can be attributed to a comprehensive analysis of the MACD (Moving Average Convergence Divergence) on the US Money Supply (M2SL) in connection with Chinese 10-year Treasury Bonds. #BITCOIN IS…

According to the report on DeFi published by Exponential.fi, DeFi protocols have handled over 300 million dollars in liquidations without accumulating significant debt, ensuring the stability of the system while simultaneously generating consistent revenue. In August 2023, the global cryptocurrency market underwent a drastic correction, losing 7% of its overall value, with a reduction of 162 billion dollars from the total market cap. However, despite this turbulent scenario, the decentralized finance (DeFi) sector demonstrated surprising resilience. The management of liquidations in DeFi protocols: the report by Exponential.fi A growing appetite for risk and high returns Security and accessibility: the priorities…

BlackRock, the $9 trillion largest asset manager on the planet, says Bitcoin is the answer to growing global financial disorder. According to them, Bitcoin can act as a hedge against the increasing uncertainty and geopolitical turmoil that’s weakening trust in governments, banks, and fiat currencies. They also called Bitcoin a “global monetary alternative.” BlackRock’s Bitcoin ETF has been one of the top performers since January 2024. After the fund’s launch, Bitcoin’s price soared to an all-time high of over $73,000. The explosive growth of the IBIT ETF and other crypto-based ETFs has been driving much of the conversation in the…

Yescoin has integrated OKX Connect, enhancing users’ experience with seamless transaction signing and decentralized application (dApp) interactions. This new collaboration enables Yescoin users to manage digital assets and execute transactions effortlessly through OKX’s secure infrastructure, significantly improving user engagement across decentralized finance (DeFi). We’re happy to share that @Yescoin_Fam has integrated OKX Connect! You can now enjoy seamless transaction signing and dApp interactions thanks to OKX Connect. pic.twitter.com/zOdSGSRKdI — OKX Wallet (@okxweb3) October 20, 2024 OKX Connect Boost in Usability for Yescoin Users By adopting OKX Connect, Yescoin aims to enhance user engagement within its platform. The integration streamlines how…

Worldcoin launched its World ID verification service in Guatemala to combat fraud in digital interactions. The orb technology allows Guatemalan users to verify their identity and protect against potential online fraud. Worldcoin has introduced its World ID verification service in Guatemala to address fraud in digital interactions. The orb technology enables Guatemalan users to confirm their identity and guard against online fraud. This launch marks Worldcoin’s expansion into Latin America. As of September 25, 2024, individuals in Guatemala can verify their identity using the orb, a device designed to ensure the authenticity of online users. This initiative responds to rising…

After six months of sideways chop, multiple on-chain indicators say Bitcoin may finally be prepared for an epic price breakout, analysts say. These predictions would line up with separate forecasts of an upcoming bull market based on seasonal factors, with Bitcoin soon to transition from one of its worst-to-best months on record. Bitcoin’s Bottom Signals As noted by CryptoQuant author Amr Taha, Bitcoin’s Puell multiple has reached a low of 0.4 for the first time since the end of 2022 – the absolute bottom of Bitcoin’s last bear market following the collapse of FTX. The Puell multiple is a ratio…