Author: NBTC

After a significant drop yesterday, Bitcoin and the broader crypto market finally recovered remarkably. The recovery extends to the real-world asset (RWA) tokenization segment, with ONDO and PENDLE leading the charge. PENDLE’s 36.5% Surge and Upbit Listing Drive Market Interest According to CoinGecko data, the cumulative market capitalization for the RWA-related cryptocurrencies is $5.76 billion at the time of writing. This figure represents a 0.8% increase in the last 24 hours. ONDO, the native token of Ondo Finance, has surged by 25.04% in the last 24 hours and is now trading at $0.71. However, ONDO’s price has seen a longer-term…

Russia has launched a criminal case against the founders of the anonymous payment system UAPS and Cryptex just days after OFAC imposed sanctions. Russian authorities have opened a criminal probe into the founders of the anonymous payment system UAPS and the cryptocurrency exchange Cryptex, alleging that the group generated over 3.7 billion rubles (around $40 million) in illicit income. According to an Oct. 2 report from Russia’s state-run TASS news agency, the probe, led by Moscow’s Investigative Committee, centers on claims of illegal banking activities, unauthorized access to protected information, and operating an unlicensed payment infrastructure. UAPS, founded in 2013,…

Recent data from CryptoQuant has revealed that Bitcoin may be on the cusp of a significant recovery, supported by key on-chain metrics. Particularly, according to a CryptoQuant analyst under the pseudonym Darkfost, several indicators are reaching crucial support levels, signaling a “potential long-term bullish shift.” These metrics suggest that Bitcoin’s price could experience substantial growth as market sentiment turns more optimistic. Key On-Chain Metrics Pointing To Recovery One of the primary indicators the analyst highlights is the 7-day Simple Moving Average (SMA) of the Fund Flow Ratio. Currently at 0.05, this metric has historically acted as a major support line.…

“7 Siblings” invested $66M in Ethereum during recent market dip. Previous purchases include $129.3M for 56,093 ETH at $2,305 average price. In a remarkable show of confidence amid market volatility, the enigmatic group known as the “7 Siblings” has re-entered the spotlight, amassing significant Ethereum (ETH) holdings worth over $66 million. This latest acquisition of 28,120 ETH comes as part of a strategic buying spree during a recent dip in the cryptocurrency market, reinforcing the group’s reputation as a shrewd investor. The “7 Siblings,” whose identity remains undisclosed, made headlines previously when they capitalized on the sharp market downturn on…

Amid the massive market drawdown, popular social intelligence platform LunarCrush highlights Shiba Inu’s impressive performance in social and market activities in the past six months. According to LunarCrush data, Shiba Inu has witnessed a massive boost in its social and trading metrics in the past six months. 📸SNAPSHOT: $SHIB 6M Social + Market ActivitySocial interactions +2,760%Active creators posting +2,805%Price +53.7%Trading volume +452%https://t.co/tSY3x4AD1a @Shibtoken pic.twitter.com/wQeWwm65iZ — LunarCrush Social Intelligence (@LunarCrush) August 5, 2024 Shiba Inu’s Social Activity Particularly, SHIB performed well in terms of social interactions, the number of social media posts created, active creators’ postings, and posts with interaction. The…

Recently, a research by NFT Evening was published that reveals the costs of Bitcoin mining country by country. The research examines almost all the countries in the world and estimates for each of them the average cost of mining 1 Bitcoin. Given that 1 BTC has a market value of about $60,000, all the countries where the average cost of mining a Bitcoin is lower are places where one can mine profitably, while in others it is not worthwhile. The costs of Bitcoin mining by Country The division of costs for Bitcoin mining activities in America The average extraction cost…

Bitcoin’s price has been recovering over the past few weeks, climbing from $52,500 and reclaiming key levels at $57K and $60K. However, the market faces strong resistance at the $64K level, with the 200-day moving average acting as a barrier. A bullish breakout above this could lead to a new all-time high, supported by RSI values above 50%. While the short-term trend is upward, there’s potential for a pullback if $64K rejects the price. On-chain data shows that miners have reduced their selling pressure, signaling the potential for a rally as supply tightens. In a series of X posts, VirtualBacon…

Ethereum has become the top blockchain for Decentralized Physical Infrastructure Networks (DePIN) projects. More than half (57.5%) of all DePIN projects launch on Ethereum, highlighting its dominance in this growing sector. Ethereum’s established infrastructure and widespread use of smart contracts makes it the go-to option for DePIN projects. This also gives developers a reliable and familiar platform for building decentralized physical infrastructure networks. 🛠️ Ethereum leads the DePIN charge. 57.5% of DePIN projects are launching on Ethereum, with other chains like Solana, Binance, and Cosmos also making waves.EVM chains are dominating the landscape.💡 Which blockchain do you think is best…

Demand for Ripple’s XRP in the United States has surged to its highest level in four years, reaching figures last seen before the Securities and Exchange Commission (SEC) alleged the token was a security in 2020. Data from Kaiko shows that XRP’s trading volume on US centralized exchanges has jumped to 14% of global XRP volume, up from less than 2% a year ago. This marks a return to pre-SEC lawsuit levels when the digital asset ranked among the top three digital assets by market capitalization. Amid the protracted legal battle with the SEC, XRP saw a drastic decline in…

Gurbir Grewal, the U.S. Securities and Exchange Commission’s (SEC) director of enforcement, is stepping down and departing the agency, according to a Wednesday press release. Grewal’s last day will be Oct. 11. Sanjay Wadhwa, Grewal’s deputy director of enforcement, will step in as acting director of the SEC’s enforcement division after Grewal’s departure. Sam Waldon, who is currently the chief counsel for the enforcement division, will be named acting deputy director. “We have been incredibly fortunate that such an accomplished public servant, Gurbir Grewal, came to the SEC to lead the Division of Enforcement for the last three years,” SEC…