Author: NBTC
BNB, formerly known as Binance Coin and the native token of the BNB Chain, surged to a fresh all-time record early Monday, hitting $860. While it pared some of the gains during the U.S. session to trade around $840, it still has been the best-performing cryptocurrency over the past week in the top 10 by market capitalization (except stablecoins) with a 9% gain. It was also up nearly 3% through the past 24 hours, while most other large-cap altcoins ike ether (ETH), XRP and Solana’s SOL (SOL) gave up all their overnight advances. BNB’s outperformance was bolstered by several companies…
On its Binance Alpha platform, Binance has formally launched Verasity (VRA), providing qualified users with the chance to receive a restricted airdrop of VRA tokens. However, a brief delay affected the airdrop rollout despite the initial excitement. Binance has confirmed that the event, which was initially planned to start earlier, started later. This airdrop is a component of Binance’s continuous Alpha user engagement campaign. A total of 32,238 VRA tokens are available to users who have at least 200 Binance Alpha Points, first come first served. Eligible participants may redeem the reward straight from the Alpha Events page once the…
After peaking at a new all-time high of over $122,800 earlier this week, Bitcoin (BTC) has undergone a correction, driven by macroeconomic pressures and profit-taking. In fact, an old Bitcoin whale from the Satoshi era has also started moving its holdings, exacerbating sell-off fears. Still, experts argue that Bitcoin’s ability to weather such transfers without significant price disruption highlights its maturation as a highly liquid asset. Can Bitcoin Withstand Satoshi-Era Whale Transfers? In a recent post on X, blockchain analytics firm Lookonchain revealed that the whale who held 80,009 Bitcoins valued at approximately $9.46 billion, transferred 40,009 BTC, worth about…
DeepBook AI, a secure and rapid DeFi browser, has announced its latest collaboration with ZENi.io, an AI-powered, meme-led ecosystem to strengthen Web3 users with advanced earning and learning models. The key purpose of this partnership is to streamline consumer access to complicated crypto instruments. The platform revealed in its social media announcement that the joint effort promotes educational interaction. Hence, the consumers can anticipate a relatively rewarding and intuitive Web3 experience. DeepBook AI and ZENi Blend Web3 Utility and Entertainment The partnership between DeepBook AI and ZENi.io attempts to let users leverage efficient Web3 tools in a consumer-focused and rewarding…
With an uptick in both price action and investor confidence, Ethereum is currently spearheading the market charge. ETH soared toward $3,800 after surpassing the psychological $3,200 barrier, but this correction is not an indication of weakness. Indeed, it is evidence of how robust Ethereum’s trend has grown. The technical analysis of ETH’s chart reveals a classic bullish pattern. The mid-July breakout that followed weeks of consolidation and low volatility from April to early June set off an explosive rally. The present decline seems to be a healthy retest following a protracted rally rather than a reversal. With the 200 EMA…
Interactive Brokers, an online brokerage firm, is considering the possibility of issuing a new stablecoin for its clients. The move is seen as part of a shift by major financial institutions towards digital assets as the US begins to loosen regulations on the cryptocurrency sector. Speaking to Reuters, the company’s billionaire founder, Thomas Peterffy, said plans to issue stablecoins are being developed, but a final decision on how to offer the service to customers hasn’t yet been made. “If we see people adopting these assets and appreciating them, that’s fine,” Peterffy said, taking a cautious approach to the sector, saying,…
Uniswap v4 surpassed $1B in TVL, with most activity centered on Unichain and Ethereum networks. Over 2,500 Hooks have launched liquidity pools, driving growth and innovation in Uniswap v4’s ecosystem. Uniswap v4 has achieved a major milestone, officially surpassing $1 billion in Total Value Locked (TVL). Furthermore, according to Dune, its cumulative trading volume has surpassed $110 billion. But what’s drawing attention isn’t just these figures; it’s how networks like Unichain are now the center of activity, displacing Ethereum, once considered the king of the sector. Source: Dune Currently, the majority of daily activity and TVL in v4 are concentrated…
Chaitanya Jain, Strategy’s Bitcoin strategy manager, has addressed the recent concerns spread on social media about the potential dependence of Strategy’s success on the Bitcoin price. Some in the community believe that if the world’s largest cryptocurrency, BTC, were to collapse, Strategy’s stock price would follow suit, and the company may face substantial financial difficulties. Strategy will survive even if BTC crashes 98%: executive In his tweet, Jain assured the community and those who are in doubt that should Bitcoin crash even as low as $20,000, the BTC treasury company Strategy “would still have sufficient collateral to cover all liabilities.”…
Recent years have seen Ethereum soar, and not just in terms of price. New wallets have amassed 40,591 ETH, or roughly 148 million dollars, in the last day alone. Over 466,253 ETH, or about $1.07 billion, have been taken by seven newly active wallets in the last two weeks alone. This enormous inflow is part of a larger trend. Even more intriguing is the origin of this ETH. Transfers from institutional platforms such as FalconX Galaxy Digital and Kraken are revealed by on-chain data, which suggests sophisticated accumulation by insiders or high-net-worth individuals or funds. FalconX has sent 138,345 ETH…
Bitcoin treasury firm Strategy started the trend but now companies are diving into other cryptocurrencies to put on their balance sheets—with the latest being SUI. Nasdaq-listed Mill City Ventures III on Monday announced a $450 million private placement to buy the 15th biggest digital asset by market cap. The company, which makes loans to small businesses, said it would buy SUI on the open market in a press release Monday. Its stock (MCVT) was trading 11% higher on Monday but over a five-day period, it has soared nearly 270%. “We believe that Sui is well positioned for mass adoption with…