Author: NBTC
In a remarkable surge, the trading volume of the well-known cryptocurrency XRP has soared by an astounding 298% within the last 24 hours, as revealed by data from CoinGlass. This surge in trading activity has brought the turnover of derivatives related to XRP on the crypto market to an impressive $8.75 billion, accompanied by a noteworthy 25.71% increase in open interest, now standing at $1 billion. Remarkably, this surge in trading volume is not confined solely to futures and derivatives; in the spot segment of the crypto market, XRP has recorded a trading volume of $7.66 billion. This achievement propels…
* Broker raised its year-end bitcoin target to $90K from $80K.* Bernstein now expects a 7% reduction in hashrate post halving from shutdowns.* Says bitcoin miners compelling buys for equity investors looking for exposure to crypto. Bernstein raised its year-end bitcoin (BTC) price forecast to $90K from $80K and updated estimates for mining stocks in its coverage, the broker said in a research report on Thursday. “With a new bitcoin bull cycle, strong ETF inflows, aggressive miner capacity expansion, and all-time high miner dollar revenues, we continue to find bitcoin miners compelling buys for equity investors seeking exposure to the…
Following similar moves by other DeFi protocols, Aave (AAVE) could be next to explore the distribution of DAO profits to token holders. In a recent post on X, Marc Zeller, founder of the Aave Chan Initiative, said that Aave may hold a vote on activating a ‘fee switch’ to benefit AAVE token holders next week. “Temp check to activate ‘fee switch’ next week,” said Zeller after highlighting the platform’s financial health. According to Zeller, Ave’s Treasury currently holds $50 million worth of cash equivalents for 2.5 years of operational costs, with net DAO profits at approximately $60 million per year.…
Solana (SOL) jumped almost 13% in the last seven days, and Tristan Frizza, CEO and Founder of Zeta Markets, believes that SOL’s rally “has just begun.” The approval of spot Bitcoin exchange-traded funds in the US, the halving, and Ethereum’s Dencun upgrade are boosting increased institutional interest, renewed optimism, and broader adoption, heralding the dawn of a new cycle, and that’s when SOL might shine. “With Bitcoin reaching new all-time highs several times, similar movements for Ethereum and Solana are anticipated, driven by capital rotations in the markets. Currently priced at under $150, Solana remains significantly below its last ATH…
The current recovery in the price of Bitcoin (BTC) has triggered another bout of liquidations in the industry. Current data from CoinGlass shows a shift in short traders, with market liquidations coming in at $311.83 million and more than 90,000 traders liquidated overall. The price of Bitcoin at the time of writing is pegged at $66,969.92, up by more than 6% over the past 24 hours. For a digital currency that traded as low as $62,082.55 within the time frame, recording this uptick is a major boost, one that has not favored short sellers. Exactly $98.99 million worth of Bitcoin…
Key highlights: EOS RAM acts less like cryptocurrency and more like computing “infrastructure” – it’s the essential system memory powering apps on the blockchain. To keep RAM availability and prices just right, EOS relies on the Bancor algorithm, the blockchain’s invisible co-pilot keeping supply and demand in harmonic sync. Projects like Defibox proved RAM’s versatility, while cultural NFT habitats and virtual worlds consume ever more of this valuable digital real estate. While many focus on the flashier areas of decentralized finance like NFTs, metaverses, and new blockchain projects, one resource continues to quietly underpin the rapid growth of the EOS…
Many directional traders are carefully considering how Bitcoin’s halving will affect market trends and rethinking their strategies in light of its historical bullish catalyst. The current market may create new issues from that perspective. One could say this Bitcoin cycle is unique. The largest digital asset rose dramatically this quarter and reached an all-time high before halving, which was unprecedented. ETFs Overshadow Bitcoin Halving’s Supply Impact, Suggesting Stable Market Market watchers see Bitcoin’s “halving” as a sign of future bull markets because it slows creation. The halving halves miners’ rewards for verifying transactions and creating blocks. Since miners must sell…
DWF Labs, the global digital asset market maker, and multi-stage Web3 investment firm, has listed FLOKI meme coin on its platform. In a recent post on X, the market maker highlighted it listed FLOKI along with other crypto projects, including Joe (Joe), Milady Meme Coin (LADYS), and IoTeX (IOTX). Good news OTC traders! Joe (Joe), Milady Meme Coin (LADYS), $FLOKI (FLOKI), IoTeX (IOTX) are officially listed on Liquid Markets.The trading pairs available are:-JOE/USDT (@TraderJoe_xyz)-LADYS/USDT (@miladymemecoin)-FLOKI/USDT (@RealFlokiInu)-IOTX/USDT (@iotex_io)Full… pic.twitter.com/HWM4QnUbFT — DWF Labs (@DWFLabs) March 12, 2024 According to the announcement, the listed cryptos will be available for trading, each paid against…
Seedify, a famous Web3 launchpad and incubator, has started an exclusive partnership. As per its official announcement on X, the company is collaborating with Polygon (a PoS blockchain) to expand the development in the Web3 sector. In its post on the social media platform, the firm noted that the collaboration will offer several beneficial things. The cooking never stops here… and we got a feeling you’ll like this dish 😉@0xPolygon and Seedify are joining efforts to power up web3 development ❤️🔥Here’s what this synergy brings to the table:🔷 Seedify can connect with Polygon Ecosystem for possible launches and… pic.twitter.com/Daue8BBbtU —…
Old school commodity trader Peter Brandt has made a point of responding to those traders and crypto holders who believe that, at the moment, flagship cryptocurrency Bitcoin is undergoing a big correction after surging to an all-time high of $73,750 last week. Between March 14, when the historic peak was reached, and March 20, the decline constituted 16.64% as Bitcoin landed at $61,520. Still, Brandt tweeted that he does not believe this to be a big correction. “I don’t see a correction,” Peter Brandt says Brandt stated that he has zoomed out to take a more general look at the…