Author: NBTC
Kathleen Breitman, the co-founder of the Tezos blockchain, says Bitcoin’s narrative as a store of value is “being decimated” amid the latest crypto crash. The Tezos (XTZ) co-founder shared the viewpoint in an interview with CNBC’s ‘Squawk Box’ on Aug. 5, commenting on the crypto market reaction as Bitcoin (BTC) plunged to under $50,000. According to Breitman, Bitcoin’s price plunged as investors and traders reacted to broader market jitters. Catalysts to this flip in sentiment include fears of a potential global recession, with the crash in Japan’s stocks exacerbating the situation across the market on Monday. Tezos co-founder comments on…
In the last 45 days only, Ethereum (ETH), the largest smart contract platform, processed almost $1.5 trillion in stablecoin transfers. Amid a choppy Q3, 2024, market, this looks like an indicator of increased interest in the DeFi segment as a whole, analyst Leon Waidmann of Onchain Foundation says. Ethereum (ETH) stablecoin transfer volume exceeded 2022 highs Ethereum (ETH) stablecoin volume almost reached $1.5 trillion in recent weeks. As such, the metric has already left its 2020 record in the dust, as demonstrated by crypto researcher Leon Waidmann on X. #Ethereum stablecoin volume has soared to an incredible $1.46 trillion as…
Two whales have recently made $7.97M moves with Solana ($SOL), according to Lookonchain. Both large investors have staked their withdrawn funds. 2 whales bought $SOL and staked!9tuA8L withdrew 30,000 $SOL($4.25M) from #Binance and staked 7 hours ago.https://t.co/1YCSgze4nv7CsCGy withdrew 26,245 $SOL($3.72M) from #Binance and staked 6 hours ago.https://t.co/WYUZhKdoRb pic.twitter.com/VtbSTAA3pk — Lookonchain (@lookonchain) August 22, 2024 Two Whales Withdraw $4.25M and $3.72M in $SOL The first whale, identified as 9tuA8L, withdrew 30,000 SOL, worth approximately $4.25 million, from Binance earlier today. After pulling out these tokens, the investor decided to stake them. Few hours ago, another whale with the address 7CsCGy made…
South Korean cryptocurrency exchange Upbit has added Nervos Network’s CKB token to its trading platform, leading to a dramatic 18% rise in the token’s value in just 24 hours. This boost has significantly impacted the token’s market capitalization and trading volume, reflecting increased investor interest and market activity. Contents hide 1 CKB Trading Begins 2 Market Controls Initiated 3 Key Observations and Implications CKB Trading Begins Trading of the CKB token on Upbit commenced on September 13. The platform has specified that deposits and withdrawals can only be conducted through personal wallet addresses that have completed a stringent “ownership verification”…
The ongoing Bitcoin post-halving decline closely reflects the patterns observed during the 2015-2017 halving bull market cycle, suggesting a similar trajectory. Today, Bitcoin retraced to the $49,000 price channel for the first time in over seven months. This price range reappeared after Bitcoin’s value plunged from a high of $61,000 to $49,000, marking a significant correction of nearly 20% in just one day. Significantly, the crypto market has been anticipating a new all-time high for Bitcoin since its latest halving. However, the asset has consistently experienced low values. Bitcoin traded at $65,442 on April 20, the day of the halving,…
Butter Network and GMX V2 partnered through OpenOcean, the leading DeFi and Cross-Chain Aggregator, to enhance liquidity on the Arbitrum network. This partnership has contributed over 400 million in liquidity, allowing Arbitrum users to do better trading with lower fees and efficiency. Butter Network shares this exciting update with the community through its official X account, assuring them the best price and 99% of liquidity coverage. 🚀 Exciting news! @ButterNetworkio has integrated with @GMX_IO V2 via @OpenOceanGlobal, bringing 400M+ liquidity and lower fees to our users on @arbitrum! 💧With @OpenOceanGlobal’s intelligent algorithm and over 99% liquidity coverage on #Arbitrum 🌊…
Even though Ethereum (ETH) is facing challenges, its price still has the potential to climb. Currently, ETH is trading at $2,411. Recently, concerns have surfaced that ETH could enter a bear cycle. While this is possible, an on-chain analysis suggests how the cryptocurrency might avoid capitulation. Ethereum Has Strong Support Based on the In/out of Money Around Price (IOMAP), a metric that classifies addresses into those in profits, in loss, and at breakeven point, market participants accumulated 52 million coins at an average price of $2,345, This volume is higher than the volume purchased between $2,349 and $2,703. Typically, larger…
Meme coins on the Tron network are igniting excitement, injecting fresh energy amid the recent lackluster performance of Bitcoin and other major cryptocurrencies. In a recent update, market analyst Zhusu revealed that SunPump, the pioneering meme coin platform on the Tron blockchain, has witnessed the launch of an astounding 7,351 tokens within the last 24 hours alone. This massive launch has generated an estimated revenue of $585,000 for the platform. The analysis compares these figures with Pump.fun, a well-known platform for launching Solana meme coins. It reveals that, in comparison, the Solana platform saw the creation of 6,701 tokens in…
Binance has announced that it has added Polygon (POL) to a number of its products and services, expanding the token’s availability across the platform. Binance to Offer Full-Service Suite for Polygon (POL) on Multiple Platforms Starting this week, users will be able to interact with POL via Binance Simple Earn, Buy Crypto, Convert, Margin, Futures, and Auto-Invest according to the following schedule. Simple Earn: POL has been listed on Binance Simple Earn for Flexible and Locked Products, available for subscription from 13 September 2024, 13:00. Auto-Invest: Users will be able to purchase POL via Binance Auto-Invest using any supported payment…
Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. DeFi has too much infrastructure and not enough apps—or at least, that’s what the consensus seems to be in crypto’s town square. Just this year, venture capitalists and private equity investors have poured hundreds of millions of dollars into crypto projects that make infrastructure a priority, if not an exclusive focus. You might also like: From niche to necessity: Why defi literacy matters | Opinion The highlight reel speaks for itself. In the first quarter alone, VC…