Author: NBTC
As announced a few days ago, tomorrow will be the day of the listing of SAGA on Binance. Today, however, the exchange has notified that the launch will take place a few hours earlier, at 08:00 UTC instead of 14:00 UTC. UTC is Coordinated Universal Time, and coincides with Greenwich Mean Time (GMT). When tomorrow, Tuesday, April 9, 2024, it will be 8:00 UTC, in London it will be 9:00, due to daylight saving time, while in central Europe (Rome, Berlin, Paris) it will be 10:00. At that time, SAGA trading will be enabled on Binance. SAGA: tomorrow the listing…
As reported by Fortune Magazine, the cryptocurrency market has been experiencing significant volatility as Bitcoin (BTC) has experienced a sharp decline that has had a domino impact on other cryptocurrencies. The recent drop in the price of Bitcoin, coupled with outflows from Grayscale’s GBTC, has raised concerns among investors. Bitcoin Sees 14% Correction From ATH Bitcoin suffered a 14% drop since reaching its all-time high (ATH) of $73,700 last week, briefly touching $62,483 on Tuesday morning. However, it recovered and stabilized around $64,900, just below the $65,000 mark. The decline was attributed to record outflows of over $640 million from…
A recent report shared by the @spotonchain analytics account shows that several Ethereum whales have begun stocking up on ETH despite the fact that the coin’s price has printed a massive 6% rise over the past three hours. The sudden Ethereum price growth is likely due to the Bitcoin price surge, which has finally regained the $72,000 level. At the time of this writing, the second largest cryptocurrency, Ethereum, is changing hands at $3,620, after printing three consecutive green candles on an hourly chart. The biggest of them pushed ETH up 3.64%. Ethereum buying spree unleashed, pushing ETH price up…
Silicon Valley venture giant Andreessen Horowitz (a16z) made news last year when it announced that it was wading into deep tech research – switching off its investor cap to become a part-time computer science researcher and builder. On Tuesday, the firm unveiled some of the first fruits of that foray with the release of an open-source code implementation for “Jolt,” its zero-knowledge virtual machine (zkVM). In addition to positioning a16z as a bona fide research and development firm, the new code could help blockchains – and some of a16z’s own portfolio companies – scale their operations. Virtual machines, colloquially known…
Shiba Inu (SHIB) has seen a skyrocketing increase in weekly burn rate, rising by 6,478%. This dramatic growth occurs as the burn rate of SHIB tokens explodes, igniting a frenzy of investor interest and catapulting the dog-themed token into the spotlight of the cryptocurrency market. According to the Shibburn X account, the past seven days have seen a total of 14,238,113,469 SHIB tokens burned, marking a 6,478.69% increase in the weekly burn rate. HOURLY SHIB UPDATE$SHIB Price: $0.00003507 (1hr 0.61% ▲ | 24hr -1.59% ▼ )Market Cap: $20,633,157,555 (-1.62% ▼)Total Supply: 589,276,901,278,213TOKENS BURNTPast 24Hrs: 68,589,040 (-99.5% ▼)Past 7 Days: 14,238,113,469…
In a recent blog post, PancakeSwap, a leading decentralized exchange, announced its collaboration with Stryke, formerly known as Dopex, to launch CLAMM Options Trading. This move not only enhances the trading market within the DeFi space but also marks a robust step in integrating robust options trading protocols with PancakeSwap’s trading platform, enhancing its v3 pools. PancakeSwap Boosts Its Option Trading Sector PancakeSwap has partnered with Stryke (formerly known as Dopex) to launch CLAMM Options Trading, marking a notable advancement in the decentralized finance (DeFi) sector. This new offering enhances the creation of on-chain options liquidity, permitting users to effortlessly…
Along with a post-peak Bitcoin price drop, the red-hot market for spot Bitcoin ETFs is apparently cooling as well. Bitcoin now is trading well below its 2021 all-time high of $69,044 despite flipping the market cap of silver and skyrocketing to new levels above $73,000 per coin last week. One reason? The massive amounts of capital still flowing out of Grayscale’s Bitcoin Trust (GBTC). The new exchange-traded fund (ETF) evolved from an essentially closed-end fund that had been available for years. As an ETF, it is easier for investors to redeem their shares and take home their gains, and they…
In 2024’s largest crypto raise so far, Monad Labs, the firm behind the upstart layer-1 network Monad, secured a whopping $225 million in funding on Monday from a round led by crypto venture juggernaut Paradigm. The raise, which was also supported by crypto VC Electric Capital and the tech investment firm Greenoaks, constitutes a significant show of faith by crypto mainstays that Monad—which has yet to launch—will become a speedy, affordable, and dependable decentralized finance (DeFi) alternative to both the Ethereum ecosystem and layer-1 networks like Solana. Founded in 2022 by Jump Crypto alum Keone Hon, Monad is an Ethereum…
Due to the ongoing meme coin frenzy, DEXs on the Solana network have taken up the majority of trading volume over the past 24 hours. According to CoinGecko, Solana-based decentralized exchanges (DEXs) accounted for most trading volume over the past 24 hours. The top three were Raydium, Jupiter, and Orca. Raydium’s volume in the last 24 hours was $2.2 billion, almost double that of Uniswap V3 on Ethereum. Weekly DEX volume on Solana has been increasing relative to Ethereum for nearly four months. Currently, the weekly DEX volume on Solana divided by the weekly DEX volume on Ethereum is 29.4%,…
The CEO of Coinbase is revealing what he thinks the most important use cases for cryptocurrencies are. In a new Coinbase blog post, Coinbase CEO Brian Armstrong attempts to answer the question “what is crypto even useful for?” First, Armstrong says that out-of-control money printing has caused an increasing level of economic inequality via inflation and stagnation, creating a need for a new financial system. “For over 50 years, a familiar pattern that we’ve seen throughout history has played out in the US: the government spends more than it earns because it can print money for ‘free’, and years or…