Author: NBTC
Celsius is going through a crisis amid bankruptcy. Increasing liquidity is one approach to meeting creditors’ demands. As a result, the company has devised a strategy to sell a significant chunk of its ETH and raise funds to pay off the debt. The plan implies unstaking Ethereum tokens valued at around $470 million. While it is unclear if unstaking would be done in a phased manner, it is evident that ETH is only one of the assets the crypto venture is looking to liquidate. The decision to do the same came after Celsius faced bankruptcy. The downfall is said to…
It all started with Ethereum and Cosmos having their own unique ambitions, but the challenges provided by elements like MEV, liquidity dispersion, and widespread decentralization prompted the two parties to explore formalizing their relationship. EigenLayer is introduced into the picture. The startup seeks to connect Ethereum with Cosmos in order to introduce a variety of innovations. This will enable the Cosmos community to establish connections within the Ethereum core source code that pertain to decentralized liquidity and security. In contrast, Ethereum benefits from the numerous experiments conducted within the Cosmos framework. Ethereum aspires to become a global settlement hub, whereas…
An interesting trend looks to be developing among institutional players as their interest in the flagship cryptocurrency, Bitcoin, continues to rise. This interest has in no small way been thanks to the frenzy around the Spot Bitcoin ETFs, which could be approved sooner than later. Other ETFs Considering Bitcoin As An Investment Option Crypto commentator and music producer Marty Party recently drew the crypto community’s attention to an emerging trend among fund managers and their ETFs. He noted how these asset managers are amending the prospectus of funds they manage so they can gain exposure to Bitcoin. These institutions are…
All attention of crypto investors has turned toward January 10 when the first Spot Bitcoin ETF is expected to be approved. As usual, the excitement triggered by this has seen prices recover across the space, with no doubt about the bull sentiment leading up to the event. However, arguments have arisen about whether this bullish sentiment would continue if a Spot ETF is eventually approved or if it will end up being a “sell the news” event. What Is A Sell The News Event? The phrase “sell the news” is popular in investing circles and is usually associated with a…
An analyst has explained that $3,830 and $5,100 could be the next major targets for Ethereum based on an on-chain pricing model. Ethereum MVRV Pricing Bands Have Next Targets At $3,830 And $5,100 In a new post on X, analyst Ali talked about the next key targets for Ethereum based on the “MVRV Pricing Bands.” The “Market Value to Realized Value” (MVRV) is a popular ratio in on-chain analysis calculated by dividing the Bitcoin market cap by its realized cap. The “realized cap” here refers to a capitalization model for BTC that assumes that the true value of any coin…
Bitcoin is currently exchanging hands at $45,724.72. This is an increase of 7.16% in the last 24 hours. A surge in the trading value of BTC has sparked interest in the minds of crypto enthusiasts all over the world. The reason is that BTC is now estimated to reach the milestone of $50k by the end of this week. What has caused the price to soar is the anticipation of the SEC approving applications for the Spot Bitcoin ETF. If approved, 14 asset managers are expected to launch their respective products and enable traders and inventors to participate in the…
The XRP Ledger (XRPL) is poised to implement transparency enhancements with the release of XRPScan, its most recent feature. XRPFScan has disclosed that Explorer users will now have the capability to observe the transaction fee with the lowest value on the blockchain. Dr. J. Scott Branson, an advisor to the XRPLF, stated that this quality was an urgent necessity. Branson drew attention to the fact that the minimal transaction fee associated with the XRP Ledger is negligible and contingent on the overhead volume required to process transactions. Additionally, it emphasizes the cost requirements for storing XRP transactions on the blockchain.…
BRC20 has just unleashed its Layer2 platform, BL2, which intends to connect ZK-Rollup with Bitcoin and execute multi-node authentication on the Layer2 network. In turn, this will help improve the safety aspects of zero-knowledge proofs. BL2 is akin to the Bitcoin security consensus. A few BTC main developers and early associates created the manageable BTC Layer2 platform known as BL2. It has been created on the VM universal protocol and BTC safety base. The intention is to set up an exclusive BTC Layer 2 ecosystem by building a dApp and smart contract platform. VM, Layer2’s center, is a Layer 2…
Andrew Kang, an investor with 20 years of finance experience, recently went to X/Twitter to talk about BTC’s price movement. Kang is firmly convinced that Bitcoin, at $45,000, is still mispriced. According to the veteran, BTC should be priced higher, given the halving excitement and incoming ETF inflows. The consensus in the market is that a Bitcoin ETF will result in a long-term bullish run for Bitcoin. This is indeed correct, but the incoming ETF flows surrounding BTC are still underappreciated, added Kang. Bitcoin is currently priced at $45,310, with a 6.80% growth in the past 24 hours. According to…
The Bitcoin price has risen to over $45,900 in the last few hours, an increase of 7.5% in the last 24 hours. These are the three main reasons: #1 Massive Bid From CME The recent surge in Bitcoin’s price was predominantly led by activities on the Chicago Mercantile Exchange (CME). At a point, the Bitcoin price on CME was approximately $1,400 higher than on Coinbase, indicating significant buying pressure on this platform. The CME Group, a renowned exchange for cash settled Bitcoin futures contracts, attracts a substantial institutional investor base, making its price movements particularly noteworthy. Analyst Will Clemente highlighted…