Author: NBTC
The cryptocurrency market for Real World Assets (RWA) has seen remarkable growth and instability in recent months. This sector, which involves tokenizing physical assets through Blockchain technology, had a market value that approached $9 billion earlier this year but recently dropped to around $6 billion due to a widespread market correction. Several cryptocurrencies have distinguished themselves with strong performances and promising growth prospects. What Makes Ondo Finance Stand Out? Ondo Finance (ONDO) currently holds the largest market share in the RWA sector, with a market value near $1.4 billion and a trading price around $1. Launched in January 2024, Ondo…
VanEck, an asset management firm, predicts that Bitcoin miners could unlock up to $38 billion in revenue by shifting 20% of their operations to artificial intelligence (AI) and high-performance computing (HPC). The firm believes miners can leverage their advanced hardware and cooling systems to address the growing demand for AI data centers. How AI Pivot Will Benefit Bitcoin Miners With their expansive data centers and significant power resources across the US, Bitcoin mining companies are well-positioned for compute-intensive AI tasks. This infrastructure is critical for AI operations, making their facilities highly sought after by companies in the AI industry. VanEck…
So, unsurprisingly, the actions and strategies of the biggest Bitcoin holders in the space, often referred to as “whales,” remain a major draw. Recent analysis by blockchain data provider, Santiment, has revealed that wallets containing between 10 and 100 Bitcoin have been increasing since March 2019, following more than variation 12 months of accumulation. And this resurgence could be significant not just because of its timing but also because of what it may mean for the market. In the report by Santiment, the platform emphasized that these whales have been largely consistent with their investment strategy carried out in 2020.…
DojoSwap DEX AAM has officially announced the launch of the DojoSwap Ecosystem Recovery Fund (DERF). It is a proactive measure designed to strengthen the ecosystem amid market fluctuations. The fund aims to provide a safety net during volatile times, including launchpad activities, sudden downturns, and unexpected market events. The platform announced this initiative via official X and Medium accounts. Announcing the DojoSwap Ecosystem Recovery Fund (DERF), a proactive initiative designed to fortify the ecosystem against market volatility.https://t.co/JUT8Q28eEX — DojoSwap | 1st AMM Dex on #INJ (@Dojo_Swap) July 7, 2024 DojoSwap Ensures Resilience During Volatile Times with DERF The primary objective…
The big news from the Crypto4Harris town hall Wednesday night is that Senate Majority Leader Chuck Schumer is going to try to pass a crypto bill through the upper chamber by the end of the year. “Congress has a responsibility to provide common sense and sound regulation on crypto, and we need your support to make sure that any proposal is bipartisan,” he told the online group, which was assembled to prove that Democrats are “engaged” on crypto issues this election year. Of course, the background here is that Democrats… haven’t exactly been engaged on crypto for a long time.…
Analyst Josh of Crypto World said that Bitcoin is presently retesting a critical support area and showing a short-term bullish divergence. This suggests more liquidations might occur soon, according to him. The analyst discussed the current state of Bitcoin, bringing to attention several key technical indicators and potential market movements. After a meteoric rise, Bitcoin is currently struggling to rise above the $70k levels. Focusing on the 4-day Bitcoin chart, he said that the Bollinger Bands are tightening, indicating a move is likely in the coming weeks. This move could be substantial, potentially between 20% and 30%. The Bollinger Band…
Rob Cunningham, host of the Kuwl Show, asserts that XRP’s utility remains resilient against financial pressures, comparing its value proposition to immutable principles like truth and mathematics. He highlights XRP’s potential to revolutionize global finance through reduced friction in payments and elimination of inefficiencies, despite recent market fluctuations. Rob Cunningham, a researcher and host of the Kuwl Show, asserts that XRP’s inherent utility remains impervious to even the most significant financial attempts to undermine it. In a recent post on X, Cunningham confidently stated that even an expenditure of $1 trillion could not diminish or invalidate XRP’s value proposition. He…
Bitcache founder Kim Dotcom, who faces a slew of charges over his controversial file-sharing website Megaupload, will be extradited to the United States after a more than decade-long tussle with American authorities. However, Dotcom claims he has a “plan” to avoid the maneuver. New Zealand Justice Minister Paul Goldsmith signed an extradition order for Dotcom, ending a 12-year legal battle to bring him to the U.S., Reuters reported Thursday, citing a representative for the Minister of Justice. “I considered all of the information carefully, and have decided that Mr. Dotcom should be surrendered to the U.S. to face trial,” Goldsmith…
Bitcoin price declined 6% in the past 7 days, trading at $65,516. RSI and EMA of BTC are signaling selling pressure. Bitcoin (BTC), the largest cryptocurrency by market cap, has observed a decline in its active address count, as per the data from Glassnode. Usually, a decline in the active addresses is found during a surge in the Bitcoin transaction fees. Moreover, the network activity of Bitcoin has reached its lowest in five years, dropping significantly. The entire market sentiment has been wary as Bitcoin’s price fluctuates between $69K-$65K. The regulatory issues and the shift in investor focus might be…
The latest data shows that the institutions and whales are collecting more than more $LINK tokens. As per Lookonchain, a prominent on-chain analytics provider, the respective whales and institutions have redeemed up to 6.72M $LINK coins from the well-known crypto exchange Binance. The on-chain analytics firm took to social media to offer insights into this development. Whales/institutions continue to accumulate $LINK!A total of 90 fresh wallets withdrew ~6.72 $LINK(86.7M) from #Binance recently!https://t.co/W6JaoFM1zShttps://t.co/6Scx8SLtNl pic.twitter.com/m2eqwKvnYE — Lookonchain (@lookonchain) July 7, 2024 Institutions and Whales Keep on Amassing $LINK Tokens In its latest X post, the analytics company noted that 90 wallets withdrew…