Author: NBTC
Amid Bitcoin breaking a new $97K peak, technical analysis points to a potential target of $137,000, fueled by historical breakouts and whale activity. On Wednesday evening, Bitcoin experienced a remarkable rally, surpassing $95,000 for the first time. By press time, the leading cryptocurrency had gained over 4.4%, reaching a high of $97,903. Technical indicators and whale activity have been pivotal in driving this bullish momentum, signaling the potential for further gains. Key Historical Breakouts and Target for Bitcoin Chart analysis by Aksel Kibar highlights historical breakout points and subsequent Bitcoin peaks for previous cycles, reinforcing Bitcoin’s cyclical pattern of bull…
Fed officials Thomas Barkin and John Williams recently shared their views on the U.S. economy, inflation, and the impact of the new Trump administration’s policies. In their statements, they express optimism about economic fundamentals but note that the government’s next steps need to be clarified. Speaking about the broader economic outlook, Thomas Barkin noted that pricing behavior among companies is returning to pre-COVID-19 patterns. Encouragingly, the labor market appears to have stabilized, with the December unemployment rate providing further positive momentum. “There’s not much evidence to support the claim that the economy is weakening. Demand is strong, but it’s not…
An anonymous whale withdraws a hefty amount of Shiba Inu (SHIB) and Pepe (PEPE) tokens from Binance to a newly created wallet. Popular crypto tracking platform Lookonchain called the public’s attention to the transactions today. A newly created wallet withdrew 60B $SHIB($1.52M) and 150B $PEPE($2.94M) from #Binance 1 hour ago.https://t.co/bsWy1WtPUh pic.twitter.com/nzm6WARUNk — Lookonchain (@lookonchain) November 28, 2024 Transaction Details Data from Etherscan show that the first transfer occurred today around 07:58 a.m. (UTC). At the time, the whale withdrew a total of 149,999,653,570 (approximately 150 billion) PEPE, worth $2.94 million, from Binance in a single transaction. Binance deposited the funds…
Quantum AI has announced a new partnership with Bazaars, a blockchain-powered peer-to-peer (P2P) marketplace. The partnership has been shared via Quantum AI official X account. Bazaars is a blockchain focused on revolutionizing how global trade is conducted. This partnership is meant to ensure privacy, security and transparency. 🌓 Partnership Announcement: Quantum AI x Bazaars!We’re excited to introduce our collaboration with @BazaarsBzr !🌎 Bazaars is a next-generation peer-to-peer marketplace revolutionizing global commerce through the privacy, security, and transparency of blockchain technology.… https://t.co/9Ea6NAtXJa pic.twitter.com/qHQJmiGTSv — Quantum AI (@QuantumTon) January 13, 2025 New Crypto Marketplace Bazaars Aims to Improve Global Trade Bazaars is…
Since the beginning of November, the wider cryptocurrency market has entered a renewed bull run. The continued and rapid rise of institutional adoption, geopolitical and inflationary tensions, and the election of Donald Trump, who is widely seen as the first pro-crypto President are providing strong tailwinds for digital assets. It comes as no surprise that the biggest beneficiary has been Bitcoin (BTC). Over the course of the last thirty days, BTC prices have risen by 45.53% — bringing year-to-date (YTD) gains up to 123.86%. At press time, one Bitcoin was worth $98,010 — analysts are generally euphoric, setting ever-higher price…
VanEck, a prominent fund manager overseeing more than $118 billion in assets, is seeking SEC approval to launch a new ETF called “Onchain Economy ETF” that would invest heavily in digital asset transformation companies and digital asset instruments like crypto ETPs. The proposed fund, which would trade under the ticker NODE, targets allocating at least 80% of its net assets to “Digital Transformation Companies” and “Digital Asset Instruments,” according to prospectus materials submitted on Jan. 15. “Digital Transformation Companies” include firms involved in various aspects of the digital asset ecosystem, such as crypto exchanges, firms providing payment gateways, mining operations,…
Ronin, a blockchain project designed for Web3 games, has teamed up with Virtuals Protocol to introduce an AI agent to its platform. Virtuals Protocol, a platform that combines artificial intelligence (AI) with decentralized frameworks, claims to simplify the creation and deployment of AI agents. These agents, which operate on-chain or in a digital environment, are said to take on the roles of social media characters, on-chain traders, or in-game non-player characters (NPCs). The flagship product of the collaboration is Jaihoz, an AI agent modeled after Jeffrey Zirlin, the co-founder of Sky Mavis, the studio behind Axie Infinity. Virtuals reportedly designed…
The non-fungible token (NFT) market faced its worst performance in four years in 2024, with trading volumes and sales dropping by 19% and 18%, respectively. 2024 NFT Trading Volumes Fell to a Quarter of 2022 Levels The non-fungible token (NFT) market experienced its worst performance in four years in 2024, with trading volumes and sales down 19% and 18%, respectively. Dappradar data shows that while the 2024 NFT trading volume of $13.7 billion dwarfs the $74 million recorded in 2020, it’s four times less than the $57.2 billion registered in 2022. Interest in NFTs has gradually declined since peaking in…
Deribit, Europe’s largest crypto options exchange, has revealed details of sophisticated prime brokers that facilitate trades against customers on its platform, its affinity for tax-haven jurisdictions like Dubai and Panama, odd disclosures about where it holds assets, and its historical relationship with the pro-Tether leader of Cantor Fitzgerald, Howard Lutnick. Yesterday, Bloomberg reported that Deribit has received preliminary acquisition interest from entities like Kraken and has hired Financial Technology Partners LLC to assess bids. That headline renewed interest in Deribit’s finances generally. Researchers soon unveiled a labyrinth of entities that profit from Deribit customers. After alleging ties to liquidation proceedings…
0G, the pioneer decentralized AI operating system (dAIOS), has announced a new partnership with Alibaba Cloud. The partnership aims to boost infrastructure and innovation in Web3 and decentralized AI realms within the Asia-Pacific zone. The advanced cloud storage and computing capabilities of Alibaba Cloud will complement 0G’s expertise in decentralized AI. This inclusive blend of the strengths of both platforms will focus on offering>0G.ai And Alibaba Cloud Bridging Web3 and Web2 Sectors in APAC 0G.ai disclosed that the partnership with Alibaba Cloud denotes a mutual vision to fill the gap between Web3 and Web2 technologies. Additionally, both entities are promoting…