Author: NBTC

Long-term Bitcoin holders (LTHs) are starting to take profits after BTC surpassed the $100,000 milestone, according to data from on-chain analytics firm CryptoQuant. This trend is manifesting itself as an increase in the “long-term owner spent output profit ratio” (LTH-SOPR), which measures the profitability of coins sold by long-term investors by comparing their selling price to the original purchase price. “Long-term investors have started to take profits as the Bitcoin price has climbed above $100,000,” said Julio Moreno, CryptoQuant’s Director of Research. “LTH-SOPR has risen to four on our charts, indicating that coins sold by long-term holders are making profits…

The Nirvana project token, VANA, forms a candlestick, surging as high as 2700% after Binance Launchpool announced it will list a native EVM-compatible L1 blockchain token of the same name. The VANA token linked to a metaverse-centered initiative called the Nirvana project skyrocketed to great heights after Binance Launchpool released an announcement saying it will list a native token from the Vana explorer, native EVM-compatible L1 blockchain for user-owned data. Although the Nirvana token bears no connection to the VANA token Binance plans to list on Dec. 16 at 10:00 UTC, it seems crypto traders mistook the VANA token linked…

Hong Kong presents a stablecoin bill to solidify its digital asset regulatory framework. At a legislative council meeting on Dec. 18, Christopher Hui, Hong Kong’s Secretary for Financial Services and the Treasury, presented a stablecoin bill in its second reading. In light of fiat stablecoin issuers’ increasing significance in the financial sector, the law aims to provide a legal framework for them. The suggested regulation requires stablecoin issuers to have reserves equivalent to the value of circulating stablecoins, made out of liquid, high-quality assets. The right to redeem stablecoins at face value without exorbitant fees or delays would also be…

Crypto firm Gate.io has revealed plans to discontinue perpetual contracts for five well-known privacy coins. Gate.io to Delist Privacy Coin Perpetuals Starting Dec. 25, 2024, trading for monero (XMR), dash (DASH), zcash (ZEC), horizen (ZEN), and verge (XVG) will switch to “reduce-only” mode, allowing traders to close existing positions but not open new ones. By 08:00 UTC on Dec. 26, all trading for these contracts will come to a complete stop. As part of the phase-out, all open orders linked to these contracts will be canceled, and remaining positions will be settled automatically. The exchange noted that settlement prices will…

Collably Network, the premier Web3 collaboration platform, announces its partnership with COPX, a new player in decentralized finance (DeFi). With this alliance, the Web3 financial infrastructure will be ready to transform and introduce revolutionary blockchain solutions while emphasizing security, easy access, and user experience. 🌐 Exciting Partnership Announcement 🤝We’re excited to announce our partnership with @Copx_AI!COPX is an innovative project delivering secure, user-friendly decentralized financial solutions. With advanced blockchain technology, diversified services, and a commitment to… pic.twitter.com/9G3pe34CjR — Collably Network (@CollablyNetwork) December 19, 2024 COPX: Revolutionizing Financial Solutions COPX has been among the few that offer reliable and customer-oriented solutions…

A closely followed crypto analyst believes altcoins may be gearing up for another series of rallies after Bitcoin’s (BTC) historic run past $100,000. In a new strategy session, crypto trader Michaël van de Poppe tells his 747,900 followers on the social media platform X that altcoins may break out once Ethereum (ETH) starts to surge again in its Bitcoin pair (ETH/BTC). “ETH has hit 0.04 BTC and came back down as Bitcoin started to rally. I expect that we’ll consolidate some more and then we have another strong run on the altcoins.” Source: Michaël van de Poppe/X ETH/BTC is trading…

Cardano’s innovative upgrades and real-world projects position it for significant growth in the 2025 bull run. A strong community and DeFi expansion make Cardano a top contender for blockchain leadership in 2025. Cardano (ADA) has established itself as one of the most innovative cryptocurrency projects, owing to its research-driven methodology. Cardano has the potential to hit new all-time highs (ATHs) during the expected bull run in 2025, given the always-changing technology and a robust community. Five main reasons here could help Cardano reach the summit. 5 Reasons Cardano Will Set New ATH 1. Scientific Approach: The Backbone of Cardano’s Innovation…

Senator Elizabeth Warren wants clarity on the ethical standards applied to billionaire Elon Musk in his role as a top adviser to President-elect Donald Trump’s transition team. In a letter to Trump, Warren emphasized the need for Musk to address potential conflicts of interest if he is to continue advising the incoming administration. The letter from Warren highlights existing rules published by the General Services Administration. These rules mandate that transition team members avoid both real and perceived conflicts of interest. The democratic party Senator from Massachusetts pointed out that members are prohibited from engaging in matters that could affect…

Binance Alpha, the pre-selected pool for potential Binance listings, has announced its fourth batch of tokens featuring the following projects: KOGE, BOB, MGP, PSTAKE, GNON, Shoggoth, LUCE, and ODOS. Binance Alpha Announces Fourth Party Tokens in Pre-Listing Program Binance Alpha serves as a dedicated initiative to identify and highlight promising blockchain projects for listing on the Binance platform. It aims to provide early exposure to innovative tokens by offering insights into projects that could shape the crypto landscape. The latest batch of tokens includes a wide range of projects spanning a variety of sectors, from decentralized finance (DeFi) to gaming…

BBQ sauce, pickles, onions, and pork: A day after McDonald’s fan-favorite McRib sandwich returned to U.S. restaurants, Bitcoin’s price topped $100,000 for the first time ever. Were these ingredients (plus a dash of dextrose sugar) necessary to cement Bitcoin’s record-setting climb? Maybe, probably not, but the unusual correlation between the sandwich’s availability and financial market strength hit the spot Wednesday. The irony wasn’t lost on McDonald’s Senior Marketing Director Guillaume Huin, who wrote on X (formerly known as Twitter) that Bitcoin’s jump past $100,000 “the exact day McRib is back is fucking hilarious.” (According to McDonald’s official website, “McRib SZN”…