Author: NBTC
Cardano founder and former Ethereum co-founder, mathematician Charles HOSKINSON boosted the overall bullish sentiment on Cardano (ADA) with a recent tweet. Hoskinson responded to a tweet from a Cardano enthusiast about the expected increase in the Cardano treasury. X user and Cardano enthusiast @StakeWithPride posted a post stating that he expects Cardano’s treasury to increase to $4.5 bln in fiat the next time ADA hits the $3 high. The last time ADA reached this all-time high was in late August 2021, and back then the Treasury held approximately $1.7 bln in ADA. Cardano is a “decentralized network state that funds…
As the entire cryptocurrency market is currently experiencing a notable upward trajectory, several market analysts are anticipating more gains for Bitcoin, the leading cryptocurrency asset, as they predict the token’s price to go even higher. Historical Trend That Will Send Bitcoin To $60,000 Crypto Jelle, a cryptocurrency analyst and investor, has expressed his optimism toward Bitcoin’s price action. Jelle recently shared a positive prediction for BTC in the near future on the social media platform X (formerly Twitter). The expert’s projections delve into the present price movement of Bitcoin and its potential to increase even further. He highlighted a trend…
Arcade, the Ethereum-based DeFi protocol for NFT lending, will launch the next airdrop of its native ARCD token next week, the company has announced. On February 21, bundles of 750 ARCD tokens will be airdropped to 4,000 lucky holders of select NFT and Bitcoin Ordinals collections frequently used as loan collateral on Arcade. Some 2,000 wallets holding Ethereum-based NFTs Pudgy Penguins, Lil Pudgys, and Sappy Seals will be randomly selected for the airdrop’s allowlist. Another 2,000 wallets holding either Solana-based Mad Lads and Tensorians NFTs, or Bitcoin-inscribed Ordinal collections Bitcoin Puppets, NodeMonkes, and RSIC, will also be selected at random…
The world’s second-largest cryptocurrency Ethereum (ETH) has given a strong run-up above $2,900 gaining 4% in the last 24 hours. Since the beginning of 2024, the Ethereum price is up by 24% so far, as the altcoin gears up for a further rally to $4,000. Ethereum Whale Accumulation The major reason behind today’s Ethereum price rally is the strong whale accumulation. According to Lookonchain, an Ethereum whale initiated a series of transactions, beginning with the withdrawal of 100 million USDT from the popular exchange Binance. Subsequently, the investor allocated 60 million USDT to purchase 21,353 ETH at an average price…
Decentralized finance is a game that anyone can play. Hosted on a level playing field, it’s a sport that doesn’t discriminate. Rich or poor, professional or amateur, consumer or institution: It makes no difference. Given the rich opportunities available within DeFi — attractive yields, liquidity, global accessibility and round-the-clock availability — it’s worth pondering what’s preventing bigger fish from entering. Particularly those with the technical means and the money to extract the most value out of decentralized finance — institutions. What’s keeping TradFi away? In the wake of the first bitcoin ETF, institutional interest in crypto is riding high. Major…
Asian family offices are gearing up for higher investments in cryptocurrencies, as Bitcoin extends an uptrend streak. DealStreetAsia reported on Monday that wealth managers found offices that are already invested in crypto intend to dive even deeper. Revo Digital Family Office’s Zane Kwan told the outlet about growing curiosity among previously hesitant investors. These people are now exploring how crypto allocations could mitigate portfolio risk or boost returns. Family office crypto exposures wouldn’t be limited to direct investments. They would extend to diverse channels like crypto funds, structured products, and even private equity ventures. Seeking Alpha with Crypto Hedge Fund…
Crypto industry innovator Edward Snowden has reiterated how Bitcoin (BTC) is the most significant monetary advancement the world has ever seen. Taking to his official X account, Edward Snowden echoed what many in the crypto industry have always drawn inspiration from. According to Snowden, this opinion is an unpopular one but true, considering the decentralized nature of the digital currency. To add some elements of humor and twists to his claims, Edward Snowden likened Bitcoin’s advancement to that of Coinage. With many Coinage references around, Snowden’s attribution best fits the decentralized crypto media platform. Unpopular but true: Bitcoin is the…
With Bitcoin (BTC) soaring to $52,000, the crypto market is once more pervaded by a sense of optimism fueling a bullish sentiment across various altcoins and exchange tokens, including Bitget’s native token BGB. BGB reached a notable high of $0.9 in recent trading, reflecting growing confidence in the market and hinting at sustained growth potential. BGB’s momentum and price movement In the past four months, BGB has shown remarkable growth, climbing from $0.4 to a peak of $0.9. This lack of fluctuations in the momentum indicates consistent investor confidence and strong support from Bitget’s operational successes. It’s thus not surprising…
The Bitcoin open interest has been on the rise over the last few weeks as the price has climbed continuously. This sustained rise in the open interest is a reflection of the heightened interest in the cryptocurrency since the United States Securities and Exchange Commission (SEC) approved Spot Bitcoin ETFs for trading. The BTC open interest has now climbed to historical levels, reaching 2021 all-time high levels. Bitcoin Open Interest At 2021 Levels According to data from Coinglass, the Bitcoin open interest has risen to more than $24 billion. This growth represents around a 50% jump in the open interest…
In the last week, the market for non-fungible tokens (NFTs) has seen a decline, with sales falling 12.67% compared to the previous week, totaling $255.22 million. Ethereum took the lead in NFT sales, raking in $133 million, while Solana followed with sales over $46 million, relegating Bitcoin to third place with $40.9 million in sales. 7-Day NFT Sales Drop Follows Last Week’s Uptick Over the past week, NFT sales have witnessed a 12.67% decrease compared to the preceding week, with the volume of NFT transactions also declining by over 11%. Among the top five blockchains by NFT sales volume, four…