Author: NBTC

Sui Name Service in its recent X (formerly twitter) post informed the community that they are going to become a decentralized protocol. Sui Name Service or SuiNS launched on the main net in 2023 has gone through major updates a few months ago. This time, it brought more interesting news for its community. Let’s learn about it. A step towards decentralization Mysten Labs, the company behind Sui, in their blog post shares their vision to make sui name services a decentralized protocol. Announcing one giant step for openness and accessibility…Sui Name Service (SuiNS) will become a decentralized protocol! pic.twitter.com/yjF9Yvb0oL —…

Bitcoin prices rallied today, rising to their highest since July as a combination of global macroeconomic developments fueled gains in risk-on assets. The world’s most valuable digital currency by total market capitalization approached $66,000 this afternoon, according to Coinbase data provided by TradingView. After experiencing these gains, the cryptocurrency was trading at its loftiest value since late July. Major U.S. stock indices also increased, with the S&P 500 setting a fresh, all-time high, Google Finance data indicates. The Dow Jones Industrial Average and the Nasdaq Composite rose during the day. “With the S&P 500 putting in its ATH, and the…

Pepe (PEPE) whale deposited a notable 395.92 billion tokens worth $3.4 million on Binance. With this dump, Whale has made a total profit of over $5.06 million. The last time, when Whale dumped tokens, PEPE experienced a price drop of over 16%. Today on August 9, 2024, the on-chain analytic firm Lookonchain made a post on X (previously Twitter) that has gathered widespread attention from the crypto community. In the post, Lookonchain shared that a Pepe (PEPE) whale recently deposited a significant 395.92 billion tokens worth $3.4 million on Binance. PEPE Whale dumped 396 billion tokens However, whale dumped this…

US investors poured around $365 million into the group of spot Bitcoin ETFs on Thursday, bringing the total net buying to over $600 million so far this week, according to Farside Investors data. The strong inflows came amid Bitcoin’s surge to $65,000, hitting a monthly high. Source: Farside Investors After losing on Wednesday, ARK Invest’s ARKB was back strongly yesterday, leading the pack with approximately $114 million in new capital. BlackRock’s IBIT extended its winning streak, logging around $93 million on Thursday while Fidelity’s FBTC and Bitwise’s BITB collectively drew in about $124 million. Other gains were also seen in…

Every week, irrespective of the market condition, crypto whales tend to load more on most of their position. The first week of August 2024 has been no different despite the significant dip in the market on Monday. That said, these are token whales bought. Ripple (XRP) Crypto whales scooped up a lot of XRP, helping the market cap jump by 23% in one day on August 7. Before the recent fall, wallets holding between 1 million and 10 million XRP owned $4.42 billion worth of the token. This value accounted for 7.06 billion coins. However, this is not the only…

Bitcoin (BTC) breached the $65,000 barrier, instilling confidence in investors that a rally may be imminent. This move has sparked optimism that BTC could soon push beyond $70,000, a price last seen nearly three months ago. However, long-term holders (LTHs) are posing a potential threat, as they may look to sell and book profits, which could hinder further upward momentum. Bitcoin Needs This to Reach $70,000 Bitcoin’s price is known to perform well in the fourth quarter. However, BTC’s rally is still dependent on more than just sentiment and investor behavior. In an interview with BeInCrypto, Matt Mena, Crypto Research…

Market participants might require very little XRP to make profits of $10,000, $100,000, and $1 million if XRP ever secured a 1,000x price increase. The crypto market has reached a state of flux following the impressive price run recorded on Aug. 8. Notably, Bitcoin (BTC), the leading crypto asset, spiked to a high of $62,729 before facing resistance. Despite a mild correction that followed, BTC maintained an 11.9% intraday gain. XRP Accumulation Amid Correction However, XRP was already on the verge of its own unique retracement at the time the broader market picked up pace, only seeing a mild 2.83%…

This week, major cryptocurrencies like Aptos (APT), The Sandbox (SAND), and Arbitrum (ARB), are scheduled to undergo token unlocks, potentially influencing their market dynamics. These unlocks, slated for August 12th through 18th, 2024, are expected to release millions of dollars worth of tokens into the market. 🔓 Weekly Cliff Unlocks : 12-18 August 24 🔓🔥 $ 228.7m 🔥🌟 Unlock Highlights 🌟$APT (2.40%) – $65.14m$SAND (9.00%) – $54.24m$ARB (2.77%) – $50.38m$STRK (3.95%) – $24.52m$ROSE (2.24%) – $9.60m$APE (2.31%) – $9.46m..( % of cir. supply) pic.twitter.com/WVZWA68hFi — Token Unlocks (@Token_Unlocks) August 9, 2024 Aptos (APT) Unlock and Price Analysis Aptos is set…

Analyst and trader Kevin Svenson says Bitcoin (BTC) could print fresh all-time highs (ATHs) before the end of 2024. In a new strategy session, Svenson tells his 79,700 YouTube subscribers that Bitcoin remains in a macro uptrend and could soon soar past its current ATH level of about $74,000. “I’m very bullish on this market, bullish on Bitcoin. I think we’re going to hit new all-time highs this year before the end of the year most likely going into Q4.” However, he warns that Bitcoin may first retest lower levels. “But there is some downside risk in the short term,…

Centralized exchanges have presented clear problems for the cryptocurrency industry, from security breaches to high fees and slow transaction times. Decentralized exchanges (DEX) have emerged as an alternative, but they too have faced challenges such as low liquidity and complex user interfaces. This disorderly situation is what inspired Ran Yi and his team to create Orderly, a next-generation exchange that combines the best features of both centralized and decentralized platforms.—Background on OrderlyWith a background in TradFi, Ran Yi was known for being proficient on the derivatives trading desk during the financial crisis of 2008. This first hand experience of witnessing…