Author: NBTC

The most significant Season 1 EIGEN claimant, boby1337.eth executed a substantial transaction by withdrawing 1 million $EIGEN, valued at $3.61 million As per the report shared by SpotOnChain, an on-chain crypto analytical firm, this massive amount of $EIGEN was withdrawn from Binance early today. This move comes after boby1337.eth previously sold a portion of the 2.255 million tokens acquired during the airdrop on the day of listing. The largest Season 1 EIGEN claimant, boby1337.eth, withdrew 1M $EIGEN ($3.61M) from Binance ~ 5 hours ago.After selling part of the 2.255M tokens claimed from the airdrop on listing day, @0xBoby1337 has been…

Bitcoin has been trying to push past its 200-day moving average (MA), currently sitting at roughly $64,000, for the past five consecutive days. Historically, rising above the 200-day MA signals further upward momentum, serving as a key indicator of long-term market sentiment. BTC/USD 1-Day Chart (200-Day Moving Average Included). Source: TradingView Bitcoin has surged over 5% since the Federal Reserve rate cut announcement, reaching $63.5k and approaching the critical $64k level of the 200-day moving average. As Bitcoin hovers near the 200-day MA, CoinGlass reports $7 million in long liquidations and $5 million in short liquidations. The low liquidation levels…

The biggest gainers within top traded cryptocurrencies were recorded within the cryptocurrency market. $DIA pioneered the increase with a staggering 45.3% implementation and garners interest from investors and market analysts. The stock of $DIA is currently at $0.87, with a volume of $96.6 million in market capitalization. Phoenix, a crypto analytical platform, shared the list of today’s top crypto gainers through its official social media platform, X. DAILY GAINERS$DIA +45.3% $CELL +38.0% $SUIP +30.9% $XCAD +28.5% $TADA +20.0% $SYN +18.7% $ARK +18.0% $SIS +17.8% $STRDY +17.4% $CELO +15.8%#dailygainers pic.twitter.com/yLWZuNF5nl — PHOENIX – Crypto News & Analytics (@pnxgrp) October 5, 2024…

KPMG’s recent report emphasizes the critical role of crypto custodians in safeguarding Bitcoin holdings, highlighting the need for strong security frameworks. As institutional adoption of Bitcoin increases, KPMG stressed that custodians should adopt proof-of-reserve practices and address key security challenges. KPMG, the global consulting giant, has recently stated that the crypto industry needs strong custodial practices in place to boost the institutional adoption of Bitcoin. In its recent report, “The Importance of Custodians in Bitcoin Adoption and Ownership,” KPMG mentions the importance of custodians in safeguarding investors’ Bitcoin holdings. Thus, it also said that crypto custodians should ensure that they…

The U.S. Securities and Exchange Commission (SEC) is facing a crucial situation as it considers whether to appeal a landmark decision in the Ripple case by October 7, Fox Business reported. SEC Appeal Expected in XRP-SEC Case The ruling, issued in July 2023 by U.S. District Judge Analisa Torres, concluded that only a portion of Ripple’s XRP token sales violated federal securities laws, sparking controversy in the legal community. The ruling was a significant victory for Ripple and the broader cryptocurrency industry, which has long argued that digital assets should not be classified as securities. The outcome is seen as…

Today, enjoy the On the Margin newsletter on Blockworks.co. Tomorrow, get the news delivered directly to your inbox. Subscribe to the On the Margin newsletter. Welcome to the On the Margin Newsletter, brought to you by Ben Strack and Casey Wagner. Here’s what you’ll find in today’s edition: Ben breaks down the significance of the SEC’s latest bitcoin ETF options approval. What to expect when all five SEC commissioners head to Capitol Hill tomorrow. There may not be a splashy FOMC meeting this week. But economic data will be flowing in regardless. A regulated BTC leverage tool for the financial…

One of crypto’s most prominent advocates in Congress, House Majority Whip Tom Emmer (R-MN), has big plans for the industry should Republicans gain control of all branches of federal government in November. However, he also appears convinced that cryptocurrency regulation is coming to the United States regardless of how the election shakes out. “Regardless of the outcome, I expect you to see digital asset legislation start to move in both bodies,” Emmer told Decrypt at the Messar Mainnet conference in New York this week. “I think it is ‘when,’ not ‘if,’ regardless of who’s in charge.” The third-highest-ranking House Republican…

According to recent analysis, Bitcoin (BTC) may be poised for a significant rally as financial conditions in the US ease. The Chicago Fed’s National Financial Conditions Index (NFCI), a key indicator that tracks conditions in money, debt and equity markets, provides weekly information on liquidity, credit availability and market risk. A negative NFCI value indicates looser-than-average financial conditions, creating an environment where liquidity is plentiful and capital flows more freely. Fejau, host of the Forward Guidance Podcast, recently highlighted the negative correlation between NFCI and bitcoin in a series of posts on X (formerly Twitter). He argued that looser financial…

Ethereum ETF sees $48.6 million in outflows amid growing Middle East war. Ethereum exchange net outflow suggests investors may be buying the dip. Ethereum could bounce off the $2,395 support level as funding rates have remained largely positive. Ethereum (ETH) trades around the $2,400 psychological level on Wednesday, down over 4% following $48.6 million outflows from ETF investors as the war between Israel, Hamas, Hezbollah and Iran is hurting market sentiment. However, buying pressure from spot traders on crypto exchanges could see the top altcoin bounce off the $2,395 support level. Ethereum spot traders and ETF investors display mixed sentiment…

Decentralized AI project Bittensor TAO gains 41% in the past day recovering from the losses experienced yesterday when the global crypto market saw over $1 billion in liquidations. At the time of writing, Bittensor’s (TAO) price has climbed 49% to $254, marking a 15% gain compared to this time last month, according to CoinGecko data. TAO 24-hour price chart | Source: CoinGecko The crypto asset has a daily trading volume of $203 million, while its market cap stood at $1.8 trillion. The latest feat makes TAO the best-performing asset in the top 100 on CoinGecko, surpassing decentralized, open-source cloud computing…