Author: NBTC
The total crypto market cap slipped below $2 trillion for the first time since the bullish breakout in February. Bitcoin’s (BTC) price dropped more than 10 percent in the last 24 hours to trade at about $54,425 on Monday during the early Asian session. The altcoin industry – led by Ethereum (ETH), Solana (SOL), BNB, and XRP – registered a double-digit percentage loss. As a result, more than $808 million was liquidated from the crypto industry in the past 24 hours, mostly involving long traders. Ethereum led in crypto liquidations, with nearly $300 million rekt in the past 24 hours,…
Tron meme coins have become the latest craze in the crypto market, fueled by a recent trend introduced by the controversial industry figure Justin Sun. The Tron blockchain only recently joined the meme coin frenzy with the launch of SunPump, a platform created to challenge Solana’s dominance. Tron Meme Coins Go Parabolic WUKONG surged nearly 1,300% in last 24 hours, joining the list of Tron meme coins going parabolic following Sundog’s rise. Unlike other meme coins driven by the Justin Sun frenzy, WUKONG gained momentum from Black Myth: Wukong. The game is touted as China’s most ambitious attempt at creating…
Binance founder and former CEO Changpeng “CZ” Zhao is set to be released from Long Beach Residential Reentry Management (RRM) on Sept. 29, according to the US Federal Bureau of Prisons (BOP). Although the date was already expected, confirmation from BOP only came this morning. CZ started his 4-month sentence in the Federal Correctional Institution Lompoc, a low-security institution located in California. On Aug. 22, his location on BOP’s website was updated to the Long Beach RRM in central California. According to the BOP, RRMs “serve as the Federal Bureau of Prisons local liaison with the federal courts, the U.S.…
The price of bitcoin (BTC) fell below the $59,000 threshold on Sunday, hitting a low of $58,080 per unit. Over the past 24 hours, bitcoin’s value has decreased by 3.5% against the U.S. dollar, and it has dropped 13% over the week. Bitcoin Slides Below $59K At 1:24 p.m. EDT on Sunday, bitcoin dropped to a low of $58,080 per coin. As of now, the top cryptocurrency is hovering just around the $58,200 to $58,500 range. It has been a challenging week for bitcoin, as its value has declined from the $70,000 zone seen six days ago on July 29…
USDD, the algorithmic stablecoin on Tron supposedly governed by the TRON DAO Reserve, has removed approximately 12,000 bitcoins from its collateral, despite the DAO not approving the change. The coin was originally planned to be a Terra rip-off promoted by Justin Sun, however, ambitions to integrate it into the core of TRON were abandoned following the ignominious failure of Terra-Luna. Previously, the USDD transparency page included approximately 12,000 BTC in 1KVpuCfhftkzJ67ZUegaMuaYey7qni7pPj; however, that address is no longer included. Despite Sun and USDD’s frequent claims that it is governed by a decentralized autonomous organization (DAO), there are no governance votes that…
Bitcoin futures trade at par or meagre premium to spot prices. The decline in premium dents the appeal of cash and carry arbitrage strategies. Bitcoin’s (BTC) latest price crash has narrowed the gap between futures and spot prices, denting the appeal of carry trades that seek to profit from discrepancies between the two markets. The leading cryptocurrency by market value has crashed over 18% to $50,000 in 24 hours, reaching its lowest level since February 2024. The sell-off, which is part of broad-based risk aversion in global markets, is likely caused by the sharp rise in the anti-risk Japanese yen…
A pro-Cardano content creator on YouTube revealed a new feature on the blockchain that could let ADA stakers earn up to 30% more staking rewards through the protocol’s Staking Baskets. Speaking with Cardano founder Charles Hoskinson and Tim Harrison, EVP of Community and Ecosystem at Input Output, the content creator mentioned that Cardano devs have found a way to achieve this extra reward by using the Staking Basket smart contracts. The three Cardano figures met at the Rare Evo 2024 event in Las Vegas. During their discussion, the YouTuber explained to Hoskinson and Harrison that his dev group has built…
Bitcoin is currently navigating a crucial support area that could determine whether the asset holds its ground or slides into lower price levels. The market has seen Bitcoin enter oversold territory on several time frames, signaling potential price exhaustion. Analysts are closely monitoring this final support zone as Bitcoin approaches a pivotal point. According to analyst Josh of Crypto World, if Bitcoin fails to maintain its position above the $56,000 level, particularly with a decisive four-day candle close below this threshold, it could confirm a bearish trend reversal on larger time frames. This would mark the end of the bull…
Despite the recent fluctuations in the cryptocurrency market, some digital assets continue to show robust potential for growth. With the global cryptocurrency market cap currently standing at $2.19 trillion, reflecting a modest 0.2% change in the last 24 hours, certain cryptocurrencies present promising investment opportunities. Finbold has identified two digital assets that are poised to potentially reach a $50 billion market cap by September, driven by strategic advancements and growing investor confidence. XRP (XRP) XRP is on track to make significant strides toward a $50 billion market cap, supported by several key developments. The recent favorable outcome of the Ripple…
American businessman Robert Kiyosaki, who is known as the author of the “Rich Dad Poor Dad” series of personal finance books, has downplayed the severity of Bitcoin’s most recent crash. Kiyosaki claims that he is ready to buy more Bitcoin and precious metals following the most recent price crash. “Crashes are times When the brave get richer and the cowards get poorer…. Because they sell or do nothing. The world is filled with poor cowards. Be smart.,” he wrote in a follow-up social media post. Earlier today, the largest cryptocurrency dropped to an intraday low of $51,331, reaching its lowest…