Author: NBTC
WOO X, a prominent cryptocurrency trading platform, has announced its integration with tetherMax, a leading cashback platform for cryptocurrency traders. This significant partnership aims to provide unique benefits to tetherMax referral users, allowing them to earn rewards while trading on WOO X. Keep building! WOO X partners with tetherMax, a leading cashback platform for cryptocurrency traders 👇🏼👏🏽🤝https://t.co/SWfLIMl51j — WOO X (@_WOO_X) August 5, 2024 According to the firm’s report, through this integration, tetherMax will connect seamlessly with WOO X by utilizing the trading platform’s APIs. This integration will track commissions from referred users, ensuring a smooth and efficient process for…
Recently, huge Ethereum transfers have taken place, signifying the nonstop sell-offs by prominent institutions and holders. Lookonchain, a well-known on-chain analytics provider, disclosed that these investors have made a couple of big deposits to the famous crypto exchange Binance in recent hours. The platform disclosed the respective development on its official X account. Whales/Institutions Still Seem to Be Selling $ETH!Whale”0x6229″ deposited 19,557 $ETH($48.14M) to #Binance 1 hour ago.https://t.co/2fXUNea19CMetalpha deposited 10,000 $ETH($24.5M) to #Binance 2 hours ago.https://t.co/3hqVXQvHlu pic.twitter.com/CpXjNfLtZr — Lookonchain (@lookonchain) August 5, 2024 Ethereum Institutions and Whales Transact $ETH to Binance, Furthering Sell-Offs In its new X post, Lookonchain pointed…
PancakeSwap, a leading decentralized finance (DeFi) network, made a bullish move to boost the project’s growth. The platform has confirmed a massive token burn, destroying 8,820,499 CAKE coins (worth about $17 million) to reduce the asset’s supply. 🔥 8,820,499 $CAKE just burned – that’s $17M!💰 Trading fees (AMM V2): 76k CAKE ($151k) -14%💰 Trading fees (AMM V3): 115k CAKE ($228k) +62%💰 Trading fees (Non-AMM like Perpetual, Position manager etc): 5.9k CAKE ($12k) +2187%🔮 Prediction: 71k CAKE ($141k) -13%🎟️ Lottery:… pic.twitter.com/dC4eoPGNMi — PancakeSwap v4 (@PancakeSwap) July 15, 2024 PancakeSwap’s recent developments Token burns reduce the asset’s overall supply, triggering scarcity and…
It has been a full year since Protos covered the anticlimactic July 2023 launch of FedNow, the US Federal Reserve’s once-heralded 24/7 instant payments platform and ‘crypto killer.’ Needless to say — and despite a 12% overnight loss after a crisis in Japan — FedNow hasn’t killed crypto. Since the service launched, the total market capitalization of crypto has now rallied 59%. Although the Fed never specifically claimed the service would disrupt anything in the crypto industry, its value propositions overlapped point-by-point with value propositions of blockchains. Specifically, marketing materials promoted FedNow’s 24/7/365 uptime, payment irreversibility, high throughput, zero chargebacks,…
According to one expert, bitcoin currently needs to trade above $55,000 for miners to break even and $94,000 for them to return to profitability levels seen before the halving. To compensate for the revenue loss caused by the halving of Bitcoin’s block reward, miners are resorting to mergers or hostile takeover of rivals. Others have discovered they can generate extra revenue by staking bitcoins or plugging into decentralized physical infrastructure networks. Bitcoin Miners Incur Huge Losses As many commentators predicted, the Bitcoin halving, which slashed the block reward from 6.25 BTC to 3.125 BTC, has negatively impacted the financial performance…
Solana has jumped 4% over the past 24 hours as the market sees an upturn following the failed assassination attempt on former president Donald Trump. Alongside the news, which many are saying bolsters his bid for the presidency, the Solana meme coins have skyrocketed and are outperforming the network’s native token by a wide margin. Popular meme coin Billy (BILLY) has soared 44% over the past day, extending its lead as the largest Pump.fun created token by market capitalization. At the time of writing, it sits at a market cap of $168 million, while Michi (MICHI) in second place trails…
Representative Ro Khanna to lead an online meeting on digital asset policy with White House officials and crypto executives. Key participants include National Economic Council Director Lael Brainard and White House Deputy Chief of Staff Bruce Reed. The event follows a July meeting with industry leaders like Mark Cuban and Senator Kirsten Gillibrand, marking engagement on crypto. Top White House officials and leaders in the cryptocurrency are expected to be in a virtual meeting aimed at digital asset policy. The event, organized by Representative Ro Khanna, a known Democrat from California, is ready for Monday and aims to bring together…
In a wild ride of high-stakes gambling and cryptocurrency, rap icon Drake has found himself on the wrong side of a seven-figure Bitcoin betting spree. The Canadian superstar, known for his love of sports betting, has now lost over $1 million in Bitcoin (BTC) after two ill-fated wagers on the NBA Finals and Stanley Cup Finals. Earlier this month, Decrypt reported that Drake had lost a cool half a million in Bitcoin on the Dallas Mavericks to take the NBA title. The Mavs were ultimately defeated by the Boston Celtics in a five-game series that left Drake’s digital wallet a…
On Monday, investors poured millions of dollars into U.S. spot Ethereum exchange-traded funds, even as a volatile global market wobbled on widespread sell-offs and recession fears. The Dow Jones Industrial Average tumbled by 2.6%, the S&P 500 by 3%, and the Nasdaq Composite by 3.43, marking the indices’ worst day since September 2022. Those declines were driven primarily by disappointing U.S. jobs data and shrinking manufacturing activity, which heightened recession fears. Japan’s Nikkei 225 index also plummeted by over 12%, its largest single-day drop since 1987 following the Bank of Japan’s unexpected decision to raise interest rates last month. Despite…
The price of $PENDLE saw a rebound of about 15% today. After this price rebound, a notable withdrawal of token occurred involving a large investor. A few hours ago, this whale withdrew 851,298 $PENDLE tokens from Binance. The worth of these tokens is approximately $3.73 million. Pendle belongs to the real-world assets (RWA) category. The $PENDLE price rebounded by ~15% today!30 minutes ago, a whale withdrew 851,298 $PENDLE ($3.73M) from #Binance again after 6 months of inactivity with the token.Currently, this whale holds 1.703M $PENDLE ($7.51M) and has an unrealized profit of $2.76M (+58.2%)!Follow… pic.twitter.com/0M0uxyC9Zw — Spot On Chain (@spotonchain)…