Author: NBTC

A recent report from Arkham Intelligence sheds light on an impressive trading feat involving the SUNDOG memecoin on the Tron blockchain. A trader turned a modest investment of $1,690 into a staggering $20 million in just six days. The trader’s moves over several days allowed them to capitalize on the significant rise in the value of SUNDOG, further sparking discussions about memecoin gains on the Tron network. The trader holds 17.049 million SUNDOG tokens, priced at $0.27 per token, which translates to their total portfolio value. This trader turned $1.69K of SUNDOG into $20 MILLION in 6 days TT4S5 was…

Ripple’s Chief Legal Officer Stuart Alderoty makes an important declaration, emphasizing that the company’s multi-year lawsuit against the U.S. SEC is over. Alderoty declared in an X post yesterday that “Ripple’s case is over.” The Ripple CLO commentary suggests that the lawsuit has finally reached its conclusion in the United States District Court for the Southern District of New York (SDNY). Court Issues Final Verdict Recall that the ruling judge of the lawsuit, Judge Analisa Torres, issued the highly anticipated final judgment on August 7. This verdict marked the end of the legal tussle in the federal court, thereby ending…

Security-focused wearable company HyperRing announced that it has partnered with fintech platform KOYPAY to expand on HyperRing’s functionalities. As a result of the new partnership, HyperRing Pay payment system is kicking off for public usage. HyperRing scores partnership with KOYPAY, introduces HyperRing Pay solution HyperRing, a producer of eponymous wearable rings with data storage functions, and KOYPAY, fintech processor for Web3, shared the details of a long-term strategic partnership. The joint venture between the two companies will see the creation of HyperRing Pay, enhancing the smart device’s functionality to support contactless payments. 🔍 Dive Deeper into HyperRing 🔍 We invite…

Bitcoin (BTC) saw a sharp decline from a high of $67,500 to a current value of approximately $60,750 within the past seven days. This drop has raised concerns and speculations among investors and analysts alike. With the $60,000 mark acting as a strong support level, will Bitcoin hold steady or plunge further? Why did Bitcoin Crash? Bitcoin’s recent price drop can be attributed to a mix of market sentiment and broader economic factors. Bitcoin crashed from $67.5K to around $60,750, reflecting a significant 10% loss. This sharp decline has led many to scrutinize the potential triggers and implications for the…

Decentralized finance lending platform Euler Finance has introduced a new hybrid token called Maxi. Euler Labs, the team behind the decentralized finance lending protocol on Ethereum (ETH), announced the development on Sept. 16. Maxi, as the platform explained in a post on X, is a bespoke lending product designed to offer its users greater capital efficiency. A stablecoin backed with range of assets Maxi is a stablecoin whose key features include a blend of assets and cross-collateralization for both capital efficiency and risk mitigation, Euler Finance posted. In terms of the assets backing the new stablecoin, Euler revealed it includes…

Market intelligence platform IntoTheBlock has revealed that a huge number of Ethereum (ETH) holders are currently in profit. Despite the bearish pressure on the market, about 61% of holders are profitable. This is a rare feat for Ethereum, as holder profitability is typically not this high during bear markets. The percentage of holder profitability crumbled to only 46% during the previous bear market, according to IntoTheBlock. Moreover, it went to a record low of 3% after the 2017 market cycle. These figures are alarming, but their comparison with the current numbers shows a shifting scenario for Ethereum and its millions…

Data publicly shared by popular blockchain sleuth Whale Alert shows that two large XRP chunks have been transferred to leading exchanges Binance and Bitstamp. 58.2 million XRP lands on top exchanges According to the aforementioned data source, over the last 13 hours, the two top cryptocurrency exchanges were stunned with large XRP deposits. Binance received 33,000,000 XRP, while Bitstamp saw 25,270,000 XRP move into one of its wallets. 🚨 33,000,000 #XRP (19,734,848 USD) transferred from unknown wallet to #Binancehttps://t.co/FYFeDRTOuq — Whale Alert (@whale_alert) August 21, 2024 These are the equivalents of $19,734,848 and $15,191,832 in fiat, and both were initiated…

On September 1, a law allowing the use of cryptocurrency for foreign trade settlements came into effect in Russia. However, this activity is still awaiting full regulation. Anatoly Aksakov, Chairman of the State Duma Financial Market Committee, announced that the Central Bank and the Ministry of Finance of the Russian Federation are working on bylaws to establish rules for cross-border payments in cryptocurrency. The government aims to finalize these regulations by the end of November. Russia Recognizes Crypto for Cross-Border Payments Russian government will initially test the cryptocurrency payment mechanism under an experimental legal regime (EPR). It means that only…

PowerTrade, a prominent name in the crypto derivatives market, has announced the launch of Floki Inu token options on its platform. PowerTrade, known for catering to institutional firms and professional traders, the introduction of $FLOKI options provides an opportunity for the crypto community to engage with the popular memecoin. PowerTrade has just launched $FLOKI options on its platform!@PowerTradeHQ, an altcoin options exchange, is known for serving institutional firms and professional traders, and is a leading name in the crypto derivatives market. This integration will provide traders with access… pic.twitter.com/Sub2FP4oPd — FLOKI (@RealFlokiInu) September 16, 2024 The move to offer $FLOKI…

Over the past seven days, Bitcoin’s (BTC) value has dropped by 10%. It has trended downward since it exchanged hands at a weekly peak of $69,801 on July 29. As of this writing, the leading digital asset trades at $60,551, offering a buying opportunity for those looking to trade against the market. However, an assessment of the coin’s social activity reveals that traders are not keen on “buying this dip.” Bitcoin Traders Shy Away From “Buying the Dip” Bitcoin’s market value to realized value (MVRV) ratio suggests the leading cryptocurrency may be undervalued. The negative readings of this ratio, when…