Author: NBTC

Another Monday brings a new weekly digital asset fund flows report from CoinShares, which tracks the movement of capital between cryptocurrency-focused exchange-traded products and funds. This week was particularly interesting, as it was revealed that the XRP-focused financial vehicles saw a staggering 800% increase in inflows over a week. This means that $800,000 was added to XRP ETPs in the last seven days, and brings the total since the beginning of September to almost $2 million and since the beginning of the year to $24 million. This is one of the best results for crypto-focused investment products, on par with…

Bitcoin topped $61,000 in the run-up to the U.S. market open on Tuesday, with trading volume on Binance increasing. Jumps in Binance trading levels often signal a local market top, with bitcoin dropping shortly afterward. Bitcoin (BTC)’s surge above $61,000 in the run-up to the U.S. open on Tuesday could signal a short-term peak in the price of the largest cryptocurrency by market value, if trading volume patterns on Binance are any guide. The 6% jump during the earlier part of the day was notable because BTC has recently tended to decline immediately after the start of equity trading in…

Uniswap (UNI), once the largest EVM ecosystem decentralized exchange, announced the upcoming release of its own network, Unichain. This step will heavily affect the tokenomic processes for ETH and put its value in danger since Uniswap will use a different fee mechanism once it migrates to the native protocol. ETH might be in danger as Uniswap launches its own chain: Expert Uniswap’s (UNI) decision to introduce native blockchain network Unichain is yet another reason to be bearish on Ether (ETH) in 2024, DeFi researcher and educator Wajahat Mughal writes on X. As Uniswap (UNI) will be able to yield some…

Popular on-chain data aggregator IntoTheBlock has reported that The Open Network blockchain (TON) associated with the Telegram messaging app has witnessed a massive surge in transactions. In merely a single day, this metric skyrocketed to 15.49 million transfers, soaring by more than two times. This mammoth jump took place on Friday. IntoTheBlock explains this spike by a sharp increase in the hype around the much-awaited release of HMSTR – the native token of the Hamster Kombat game – on exchanges and also its airdrop. The @ton_blockchain witnessed an explosive rise in transactions on Friday, reaching as high as 15.49 million…

MicroStrategy has raised its convertible note offering to $875 million, with plans to use the proceeds for redeeming existing debt and acquiring more Bitcoin. Business intelligence firm MicroStrategy, one of the largest corporate holders of Bitcoin (BTC), said in a press release on Wednesday, Sept. 18, that it increased its offering to $875 million in convertible senior notes due 2028, up 25% from a previously announced $700 million. According to the press release, the company, known for its aggressive Bitcoin acquisition strategy, plans to use the net proceeds to redeem all $500 million of its outstanding 6.125% senior secured notes…

Looking at the week’s capitalization of the Ethereum Network, decentralized finance protocols have been widely staking and have burnt 12,403 ETH or $30.6M. The fee burn mechanism included within the Ethereum upgrade under EIP-1559 eliminates transaction fees from circulating supply, reducing ETH supply and its deflationary properties. TOP #ETHEREUM BURNER #DEFI PROJECTS#Uniswap $UNI #1Inch #Metamask #0xProtocol $ZRX #GnosisChain #KyberSwap #Pendle #Paraswap #Aave $AAVE #Tokenlon $LON pic.twitter.com/lgm4PeA99m — PHOENIX – Crypto News & Analytics (@pnxgrp) October 13, 2024 Although many projects have participated in this burn, Uniswap has been the biggest contributor, with 2,270.7 ETH burned, amounting to $5.6M. 1inch and…

While the crypto market undergoes a relief rally after the recent downturn, Ethereum (ETH) is at a pivotal moment. On-chain indicators suggest a consequential price movement is imminent for Ethereum. Renowned crypto analyst Ali Martinez recently highlighted key trends in Ethereum’s price history, using the TD Sequential setup to forecast potential outcomes for the second-largest crypto asset. According to Martinez, Ethereum has followed a distinct pattern over the last two market cycles. Each time its price breaks above the TD setup resistance trendline, marked in red in the chart below, ETH enters a strong bull run. Past breakouts have seen…

In an exciting development for the cryptocurrency community, the Cardano network is rapidly approaching a historic milestone of 100 million transactions. According to a recent tweet by Input Output Global, the developer behind Cardano, Cardano is closing fast on 100 million transactions as it marks seven years of uninterrupted activity. The tweet highlighted that Cardano is not just surviving but thriving, with millions of native tokens and nearly 2,000 projects funded through its Catalyst program. “Now in its seventh year of uninterrupted activity, Cardano is closing fast on 100 million transactions. With millions of native tokens, almost 2,000 Catalyst-funded projects…

Haven’t we heard this one before? After previously announcing the end to its original mining phase, then delaying the airdrop and launching a new “Chill Phase” mini-season to fill the gap, the developers of Telegram crypto game X Empire have once more announced the impending end of gameplay ahead of the planned airdrop. On Friday, X Empire said that the X token on The Open Network (TON) will launch on October 24, with the airdrop to players set to take place on the same date. Now we know that the current “Chill Phase” season will finish up on Thursday, October…

CPI increase triggered fears of rate hikes, and Ethereum fell by 3%. Market uncertainty led to ETF outflows as investors looked for alternatives. ETH price has the potential of pumping by 12 per cent after hitting key support. Ethereum Slides 3% Amid CPI Data Release After news of Consumer Price Index data release which clocked Inflation of 2.4% a 0.1% rise Year on Year (YoY) led to a 3% drop of Ethereum. A small spike in inflation rattled investors worried about increasing interest rates to cool an already bearish crypto market. Consumer Price Index data Ethereum soon reacted and started…