Author: NBTC
Binance, the biggest crypto exchange, has reaffirmed its importance in forming market movements. As per Mignolet, a CryptoQuant analyst, irrespective of going through huge regulatory challenges over the last 2 years, Binance has maintained its dominant role behind Bitcoin price movements. The analyst discussed this in an exclusive report. Binance market has become increasingly significant“Market prices remain predominantly driven by the liquidity of the futures market, and Binance continues to be a cornerstone of this dynamic.” – By @mignoletkr Read more 👇https://t.co/HNPLxouLNp pic.twitter.com/6J3qWqmKK9 — CryptoQuant.com (@cryptoquant_com) November 18, 2024 Binance Still Contributes to Bitcoin’s Price Dynamics with Dominance in Futures…
Cryptocurrency-focused economist Timothy Peterson has shared an optimistic outlook on Bitcoin’s price trend in the coming months, suggesting that the largest cryptocurrency could reach the $100,000 level as early as February 2025. In a recent statement, Peterson presented a trend analysis that challenges the widely accepted idea of diminishing returns for Bitcoin. No Evidence of Declining Returns: According to Peterson, Bitcoin’s current price trend is consistent with previous trends, contradicting the claim that Bitcoin’s earning potential has diminished as the market matures. $100K in 90 Days? Peterson suggested that a move slightly above the established trendline could take Bitcoin to…
Securitize has rolled out its S-Token Vault, utilizing ERC4626 technology to elevate liquidity and streamline portfolio management for institutions holding tokenized real-world assets (RWAs). Bridging Finance and Defi: Securitize Launches Next-Gen S-Token Vault The project, revealed in a statement shared with Bitcoin.com News, was developed by Securitize Credit, a subsidiary of Securitize. It links up with Elixir’s DEUSD RWA Institutional Program, paving the way for fresh opportunities in decentralized finance (defi). This S-Token Vault offers institutional investors a way to tap into liquidity through DEUSD while maintaining the benefits of their original investments. Securitize noted in its announcement that this…
The US Securities and Exchange Commission (SEC) has approved spot Ethereum ETFs after Bitcoin, thus deciding that ETH is not a security. However, Prometheum Capital continues to provide ETH custody services, claiming that Ethereum is a security. This situation has also caught the attention of Republican members of the US House of Representatives, who have questioned the SEC and the Financial Industry Regulatory Authority (FINRA) regarding Prometheum Capital’s ETH custody services. Accordingly, four Republican members of the U.S. House Financial Services Committee, John Rose, French Hill, Dusty Johnson, and William R. Timmons IV, expressed their concerns about Prometheum Capital’s continued…
According to the latest data, the stablecoin economy now holds a value of $172.892 billion, with October adding $555 million to the fiat-pegged token market. Stablecoin Market Continues to Climb Last month saw stablecoins grow modestly, with the market inching up 0.32% from $172.337 billion to $172.892 billion. Leading the pack, tether (USDT) now boasts a sizable market cap of $120.522 billion, which translates to 69.71% of the stablecoin sector’s total value. October’s numbers indicate a 0.7% rise in USDT’s supply. In second place, usd coin (USDC) holds a $34.629 billion market cap, marking a 1.9% dip from the previous…
Allegations of a $78 million crypto fraud and a police raid are rocking Assembly elections in India’s Maharashtra state, which are underway at press time. Maharashtra is India’s wealthiest state and home to the country’s financial capital, Mumbai. The ruling Mahayuti alliance, which includes prime minister Narendra Modi’s BJP party, faces main opposition from the MVA, a coalition that includes the NCP (SP). Just days before polling opened, a former police officer accused MP Supriya Sule of the NCP (SP) of misappropriating seized bitcoin to fund its election campaign. They claim that Sule and state Congress chief Nana Patole took…
Binance’s digital wallet has seen a meteoric rise in Venezuela, climbing to the 33rd spot on the list of the country’s most downloaded apps. This achievement places it just above Snapchat and just below WhatsApp, two of the most widely used messaging platforms in the nation. The surge in downloads highlights the growing interest in cryptocurrencies as more Venezuelans turn to digital solutions for financial stability amid an ongoing economic crisis. With inflation soaring and the local currency, the bolívar, rapidly losing value, the Binance wallet has become an essential tool for protecting assets and conducting transactions in Bitcoin and…
Bitcoin (BTC) price has gained 6% over the last 30 days. However, the current trend strength, as indicated by the ADX, shows signs of weakening. Additionally, recent netflows of BTC into exchanges suggest a shift towards caution among holders. BTC must break above the $68,506 resistance to push for a new all-time high, but failure to hold key supports could lead to a pullback. BTC Current Trend Is Not Strong As It Was Days Ago The ADX for Bitcoin (BTC) is currently at 33.55, indicating moderate trend strength. The Average Directional Index (ADX) measures the strength of a price trend,…
LunarCrash releases the report, highlighting the top trending decentralized finance (DeFi) projects by social media activity over the past week. Solana ($SOL) is reportedly leading the pack of DeFi projects. It has emerged as the most socially active project in the DeFi space. $SOL leads the social media discussion which reflects its growing influence and robust community engagement. ⚡️ TOP DeFi Projects by Social Activity$SOL $XRP $HBAR $AVAX $LINK $INJ $VET $EGLD $RAY $FTM pic.twitter.com/KGEewyMZ2Y — 🇺🇦 CryptoDep #StandWithUkraine 🇺🇦 (@Crypto_Dep) November 19, 2024 Solana recorded an astounding 135K social posts which makes it a clear leader in terms of…
In the last 30 days, developer activity across various ecosystems has been tracked, highlighting the most active projects. Ecosystem developer activity refers to the total sum of developer contributions within each ecosystem. According to Santiment, Chainlink on Ethereum leads the pack with a remarkable 22.2K contributions. Starknet Follows ChainLink with 8.8K Developer Activities After Chainlink, Starknet is the second project in terms of developer activity with 8.8K. Even Ethereum, one of the key players in the blockchain industry, demonstrates high activity with 9.8K contributions. At the same time, Status, a messaging app and a crypto wallet, has 8.1K activities, which…