Author: NBTC
Given his generally bearish attitude and ability to see movements few others can, most dramatically demonstrated with ‘The Big Short’ in the context of the 2008 crash, new 13-F filings by Michael Burry and Scion Asset Management are always exciting to see. The previous record, for example, revealed a $4.3 million bet on the Chinese technology giant Alibaba (NYSE: BABA), a wager against the semiconductor industry in the middle of the artificial intelligence (AI) boom, but also a highly lucrative investment in a car-producing multinational corporation. The latest filing similarly provides insight into several interesting developments and a string of…
After Starknet saw a surging number of active wallet addresses around last week’s airdrop announcement, the number has fallen substantially in recent days as the actual drop approaches. The Starknet airdrop dominated the headlines last week, both for the ample size of the drop but also the frustration some community members felt once the finer details were revealed. Starknet is set to proceed with the airdrop tomorrow, February 20, and will distribute STRK tokens to almost 1.3 million eligible wallets. Last week’s news caused a huge spike in active addresses on Starknet, with the tally jumping from less than 20,000…
With spot bitcoin ETFs having attracted over 192,000 BTC since their approval on January 11, Bitcoin is once more the talk of the crypto world. While the expected interest from institutional investors has had a predictable effect on the asset’s price, it’s also led to an uptick in the fortunes of native Bitcoin-based applications. Bitcoin’s Layer-2 ecosystem has long played second fiddle to Ethereum’s. In fact, as Ethereum’s L2 kingdom was growing in strength, there was no equivalent on Bitcoin to speak of. That has all changed with the emergence of a slew of auxiliary networks and decentralized applications (dApps)…
Decentralized finance (DeFi) is on a rally, surpassing $65 billion in total value locked (TVL). With this accomplishment, DeFi is among the top five largest U.S. hedge funds in assets under management (AUM). On February 9, the total value locked in all DeFi protocols reached a multi-year high of $65.612 billion. Notably, the last time decentralized finance saw these numbers in TVL was in June 2022. This metric has currently surpassed the $64.658 billion of August 13, 2022, according to data from DefiLlama. Interestingly, this TVL accounts for 48% of stablecoins’ market cap of $136.408 billion at the time of…
Dapper Labs, one of the renowned blockchain companies in the NFT ecosystem, has reignited the NFT phenomenon ahead of Sunday’s Super Bowl. According to reports, the NFT creator is taking advantage of the event to advertise promotional drops that coincide with the mega sporting event. Dapper Labs reportedly issued promotional packs of its “NFL All Day” digital collectibles during the playoffs in January. Following the promotion, the NFTs have recorded impressive sales, including a Tom Brady NFT that sold for $40,000. According to the company, another digital piece featuring quarterback Aaron Rodgers also fetched $34,000 in sales. Reports show that…
Ethereum (ETH) has seen a significant uptick in its price, driven by large-scale accumulations by cryptocurrency whales. According to recent insights shared by Lookonchain, a notable blockchain analytics platform, Ethereum’s price has surged by 24% since the beginning of February. This increase is notably attributed to a whale who has aggressively purchased approximately 69.5K ETH, worth around $179 million, from leading exchanges such as Binance, Bybit, Bitfinex, and OKX in the same timeframe. This move underscores a growing confidence in Ethereum over other cryptocurrencies, signaling a potential shift in market dynamics. The price of $ETH has increased by ~24% since…
Shares upgraded to neutral from underweight to reflect rising crypto prices. Coinbase stock rose as much as 8% in premarket trading. The crypto exchange reports earnings after the close. JPMorgan (JPM) upgraded the shares of crypto exchange Coinbase (COIN) to neutral to reflect the recent surge in cryptocurrency prices following the approval of spot bitcoin (BTC) exchange-traded funds (ETFs) in the U.S., it said in a research report Thursday. Higher crypto prices are expected to improve activity levels and Coinbase’s earnings power in the first quarter, the report said. The Wall Street giant raised the stock to neutral from underweight…
Bitcoin price prediction continues to show strength, shrinking the chances of a correction before the pre-halving rally. If anything, BTC may have already confirmed the early stages of the pre-halving rally. Most bullish intraday traders are closely watching the $52,000 level, established as solid support. On the upside, $53,000 is an area of concern due to the liquidity anticipated. This range may extend to $53,400. A successful retest of the hurdle could act as a price magnet, paving the way to $58,000. Read Also: Bitcoin Ordinals Dev Leonidas “Largest Ordinals Airdrop Ever” Runestone Almost Here Bitcoin Price Prediction: Has The…
This week, the Radix Network has unveiled Project Ignition, a $10M liquidity initiative aimed at fortifying liquidity for USDC, USDT, wBTC, and ETH. This pioneering program matches liquidity providers’ contributions with XRD tokens, effectively doubling the liquidity provided while offering upfront rewards and protection against impermanent loss.—Scheduled to launch on March 14th, 2024, Project Ignition will seamlessly integrate with leading Radix DEXs, including Ociswap, CaviarNine, and DefiPlaza, providing users access to Ignition incentives through specific liquidity pools.Upon providing liquidity through supported DEX front-ends, users immediately receive an unlocked payment in XRD, with rewards of up to 20% of the token…
The social media protocol Farcaster generated a lot of buzz this week, driven by the success of its X-like client, Warpcaster. The standard version of the story goes something like this: In late January, Farcaster released Frames, a feature that lets external sources be natively displayed within the Warpcast feed. This bit of technology allows developers to build cool things, such as in-app Girl Scout cookies order flows. As a result, users have flocked to what might become crypto’s new public square. This is all true, but the app also comes out of crypto, where the potential for profit is…