Author: NBTC
According to recent data from Lookonchain, a wallet associated with Ethereum (ETH) cofounder Vitalik Buterin, has once again made a large Ethereum transfer. And once again, this transfer looks like a cashout by the visionary behind the major altcoin. The wallet identified as “0xD04d” transferred 1,300 ETH, valued at approximately $3.17 million, to wallet “0x5567” just an hour ago. Following the transfer, the recipient wallet deposited 74.17 ETH, worth $181,000, into Paxos. This movement is reminiscent of a previous transaction, where 1,000 ETH, worth approximately $2.45 million, were transferred from wallet “0xD04d” to wallet “0x5567” 348 days ago. On that…
As the FED’s new interest rate decision approaches, many leading financial institutions, including Ebury, TD Securities and Bank of America, shared their forecasts. Ebury, a global financial services firm, expects the Fed to cut interest rates by 25 basis points and suggests further cuts will follow gradually. That cautious approach should provide near-term support for the U.S. dollar, said Matthew Ryan, market strategist at Ebury. “A 50 basis point rate cut is not on the horizon,” Ryan said, adding that the market pricing in a 115 basis point rate cut this year appears overly optimistic. Ebury sees the Fed making…
It’s been about 10 months since Sam Bankman-Fried was convicted on seven counts of fraud and conspiracy related to the collapse of FTX. It’s been about six months since he was sentenced (in March) to 25 years in federal prison. In that time, the crypto industry has moved on: markets are up, VC dollars are back, and politicians are once again supporting the industry. Meanwhile, the mainstream media has almost forgotten about the fallen crypto king, SBF himself. So might a judge and jury see SBF’s case differently should it hear evidence from the FTX founder again? That certainly seems…
Ethereum Whale made a big bet by purchasing 2,117.7 ETH worth $5.17 million as the price surged. ETH could soar to the $2,800 level if it closes its daily candle above the $2,485 level. ETH’s long/short ratio currently stands at 1.027, indicating bullish market sentiment among traders. It appears that Ethereum (ETH) is ready to take off, as investors’ and traders’ interest has skyrocketed in the past few days. On September 19, 2024, the on-chain analytic firm Lookonchain posted on X (Previously Twitter) that Ethereum Whale made a big bet by purchasing 2,117.7 ETH worth $5.17 million as the price…
According to the last minute information announced, the FED lowered interest rates by 50 basis points. Before the rate decision, Polymarkets data gave almost equal probabilities for 25 basis point and 50 basis point cuts. CME Fedwatch data priced a 50 basis point cut at 54% and a 25 basis point cut at 46%. Bitcoin price reacted to the interest rate decision as follows: Now, FED Chairman Jerome Powell’s press conference, which will start at 21:30, will be followed carefully. As Bitcoinsistemi.com, we will also convey to you live what Powell conveyed. While it’s been a steady (but grueling) journey…
Avalanche (AVAX) is leading the pack among Real World Asset (RWA) coins in the race to hit a $10 billion market cap. With a current price of $20.35, AVAX has a market cap of $8.04 billion, placing it closest to this milestone. Despite a 3.21% drop in the last 24 hours, Avalanche’s strong ecosystem and the recent launch of applications for its Codebase Season 2 incubator position it for continued growth. This initiative invites builders to apply for a $50,000 non-dilutive stipend and compete for a share of the $1 million prize pool, which is likely to drive further interest…
In a breaking development, Terraform Labs has been approved for bankruptcy liquidation following a US SEC settlement. Terraform Labs received court approval today to wind down its operations as part of bankruptcy proceedings following a settlement with the U.S. Securities and Exchange Commission (SEC). The SEC accused the company of defrauding cryptocurrency investors who lost an estimated $40 billion when Terraform’s TerraUSD and LUAN tokens crashed in 2022. U.S. Bankruptcy Judge Brendan Shannon approved Terraform’s bankruptcy plan during a hearing in Wilmington, Delaware, calling it a “welcome alternative” to protracted litigation over investor losses. Terraform filed for bankruptcy in January…
A new Bitcoin (BTC) price review from Peter Brandt has sparked a whole wave of reactions from the crypto community. Thus, the legendary trader, who has been operating on the financial markets since the 1970s, noticed that for more than half a year, the price of the main cryptocurrency has been consistently printing lower highs. The recent is third in line. Having reached a new price high of around $74,000 in March, Bitcoin failed to break that mark over the following months. Consecutive lower highs can be interpreted as a downtrend. Based solely on this, we can expect that Bitcoin’s…
Ethereum developers have agreed to split Pectra upgrade into two phases. Phase one of the Pectra upgrade will go live in early 2025 and feature a proposal to improve the wallet experience. Ethereum could continue to rally if open interest stays on an uptrend and ETH overcomes the $2,595 resistance. Ethereum is up 6% on Thursday following the recent decision by core developers of the Main chain to split the upcoming Pectra upgrade into two phases. Ethereum core developers agree to split Pectra upgrade into two phases In its Consensus Layer Call on Thursday, Ethereum developers decided to split the…
Tron founder Justin Sun had earlier introduced the new SunPump platform designed to facilitate the creation of meme tokens within the Tron blockchain. And in an August 17th update, he announced the addition of 1 billion energy to address energy exhaustion concerns. .@sunpumpmeme The main reason for the failed launch after maxing the bonding curve was the energy running out. We’ve added another 1 billion energy! The sorting and filtering feature will go live within two hours, by 2 PM SGT today! No lagging issues will occur! — H.E. Justin Sun 孙宇晨(hiring) (@justinsuntron) August 17, 2024 On August 16, Sun…