Author: NBTC
The recent interest rate cuts by the Federal Reserve have triggered a surge in whale activity for key altcoins like Fantom (FTM), Immutable X (IMX), and Basic Attention Token (BAT), according to Santiment, a leading market intelligence platform. Over the past day and a half, these altcoins have seen a significant rise in transactions made by large holders, which indicates growing confidence in their potential. Whale Activity Indicates Optimism Santiment’s report highlights that the uptick in whale transactions could indicate strong confidence in these altcoins’ future performance. This suggests that large investors believe these altcoins could perform well, especially following…
Oct 28 (Reuters) – Robinhood (HOOD.O, opens new tab announced the launch of U.S. presidential election event contracts on Monday, enabling customers to trade based on their prediction for the tightly contested race between Vice President Kamala Harris and former President Donald Trump. Markets will be watching the Nov. 5 contest closely and analysts expect volatility across asset classes in the run-up to the results. The trading platform, popular among retail traders, said the presidential election event contracts will start rolling out to a limited number of users on Monday and that customers trading in them must be citizens of…
Old-school commodities trader who has been in the business since as early as the 1970s, Peter Brandt, has addressed his followers with quite a gloomy comment on the situation Bitcoin has found itself in by now. It happened after the world’s biggest digital currency demonstrated a nearly 6% decline during the last 24 hours. Peter Brandt’s Bitcoin correction comment As Bitcoin plunged from the $56,500 zone to $53,200, Peter Brandt took to his profile on the X social media network (formerly known as Twitter) to grudgingly point out that the last time BTC had closed at that low a level…
On Thursday, Ark Invest, led by Kathy Wood, made some interesting trades, the most significant of which was the sale of Tesla Inc (TSLA) shares. Ark Invest sold 85,456 shares of Tesla from its ARK Innovation ETF (ARKK) and ARK Autonomous Technology & Robotics ETF (ARKQ), which totaled $22.22 million based on Tesla’s closing price of $260.48 per share. The sale took place on a day when Tesla’s stock rose 21.9%. The decision to sell followed Tesla’s impressive third-quarter earnings report, which beat expectations and highlighted improving profit margins. Additionally, the company presented a positive outlook for vehicle deliveries through…
The meme coin market is rallying with tokens like WIF, BRETT, BONK, PEPE, and FLOKI showing significant price surges. Factors contributing to these gains over the past few days include positive market sentiment following the U.S. Federal Reserve’s rate cut, whale accumulation, and speculative buying. Whale Accumulation Fuels WIF Surge WIF grabbed investor attention after a whale accumulated 2.5 million tokens. This whale borrowed $4.5 million in stablecoins from a DeFi protocol to buy 2.55 million WIF tokens. Now with a total holding of 31.2 million tokens, the whale currently has a profit of over $74 million. This recent acquisition…
In a move to broaden trading choices for its users, Binance has officially unveiled the SANTOSUSDT perpetual futures contract, associated with the Santos FC Fan Token (SANTOS). This significant launch allows traders to utilize leverage ratios of up to 75 times, enhancing their trading capabilities. Contents hide 1 What Are the Key Features of the New Contract? 2 How Does the Funding Rate Function? What Are the Key Features of the New Contract? The SANTOSUSDT futures contract is designed to capture the interest of crypto traders with a focus on sports. Users can trade SANTOS using USDT as collateral, which…
Jefferies initiated coverage of bitcoin miner Core Scientific with a buy rating and a $19 price target. The company is uniquely positioned to capture the recent trend of surging demand from AI companies, the report said. The company’s mining operations are profitable and becoming more efficient, the report said. Core Scientific (CORZ) is uniquely well positioned to capture surging artificial intelligence (AI) demand given the company’s large available power supply and strong data center development team, Jefferies said in a Monday research report initiating coverage of the bitcoin miner. The bank assumed coverage of the stock with a buy rating…
A widely followed crypto analyst is predicting Bitcoin (BTC) is nearing a massive breakout. Crypto trader Michaël van de Poppe tells his 724,100 followers on the social media platform X that BTC could soon soar if the Fed starts its rate-cutting process later this month. The analyst suggests that the rate cutting would inject more liquidity into the market, which could give risk assets like Bitcoin a boost. He also believes investors will pour into the flagship digital asset as a safe haven against US economic uncertainty and currency debasement. “Bitcoin is going to surge significantly from the rate cut…
Circle Internet Financial Ltd is still holding on to its ambitions of going public despite facing headwinds that weighed on the plans. Chief executive officer Jeremy Allaire told Bloomberg that the second largest stablecoin issuer’s plans to go public were still alive, although he refuted any interest in tapping into private markets for capital. “We are very committed to the path (of going public)” said Allaire in an interview with Bloomberg in Washington. “We think we can be a really interesting company in public markets,” added Allaire. Circle Internet Financial is financially stable, according to CEO The company has made…
After weeks of mostly flat trading, Shibarium, the Ethereum-based layer-2 scaling solution, has seen an uptick in daily transactions. Per data from Shibariumscam, transactions rose by 267% from 3,090 on Sept. 16 to 11,360 as of Sept. 19. This uptick is not uncommon for Shibarium. However, a less conservative figure has characterized the protocol in recent times. Shibarium trend and SHIB response Shibarium transaction metrics underscore the level of adoption of the layer-2 network. It helps to measure the health of the meme coin project with an underlying correlation with the price of Shiba Inu (SHIB). If the Shibarium transaction…