Author: NBTC

Sui wallets are no longer simple tools; they include dApps and connect CeFi with DeFi. The suite is aimed at ecosystem integration while Ethos is about linking finance systems, Sui Wallet emphasizes reliability, Surf is centered on Web3 creativity, and Nightly is advanced security. The availability of so many types of wallets serves a variety of users which indicates the development of the Sui ecosystem. As the Sui blockchain is gradually integrated into the decentralized finance (DeFi) space, the need for wallets has grown stronger and more urgent. This article discusses five splendid Sui wallets that are changing the way…

Bitcoin experienced a significant downturn on Monday, sending shockwaves through the digital asset space and prompting analysts to reassess trading strategies. This bloodbath resulted from a complex interplay of factors, including the unwinding of the Japanese Yen carry trade, macroeconomic concerns, and substantial selling pressure from key market players. Despite the downturn, there are signs that Bitcoin is stabilizing and potentially recovering. At the time of writing, Bitcoin is changing hands for $54,803.07 after having bounced back 10% compared to this time yesterday, according to CoinGecko. But analysts still advise caution. According to research firm 10x Research, financial markets are…

Sky, the decentralized finance lender formerly known as MakerDAO, will vote on fully ditching wrapped bitcoin (wBTC) from its ecosystem, according to a Thursday governance post, potentially a major development in DeFi since the platform has $200 million of loans collateralized by the token. WBTC is a token that allows investors to use bitcoin (BTC) on other blockchains, and plays a key role in lending DeFi as collateral, with a $9 billion market capitalization. DeFi risk management firm BA Labs, an influential voice in the Sky protocol’s governance, previously had proposed to reduce exposure to wBTC, due to perceived risks…

BlackRock stands alone in ETH acquisition, holding 336,058 Ethereum valued at $763.95M. While other ETFs see $480M outflows, BlackRock bucks trend with substantial ETH buy. BlackRock’s unique strategy: Only major ETF to increase Ethereum holdings amidst market withdrawals. BlackRock has shown a notable increase in Ethereum holdings despite declining interest in Ethereum-based exchange-traded funds (ETFs). According to the latest data from Arkham Intelligence, the global financial giant currently owns an impressive total of 336,058 Ethereum (ETH), worth around $763.95 million. This strategic accumulation occurs as other major ETFs witness substantial outflows, with nearly $480 million departing from Ethereum ETFs within…

A new wallet has been identified by Arkham Intelligence, pointing to a mining operation linked to Celsius Network. Ionic Digital was created to contain and operate the mining business of now-bankrupt Celsius. Arkham Intelligence is now tracking a mining entity, holding and running the former mining business of Celsius Network. Celsius shut down its last mobile access in early 2024, after filing for Chapter 11 bankruptcy for its failed crypto lending business. From January onward, Celsius also started redistributing funds to its creditors. Celsius Network itself still carries known wallets, now containing more than $11.8M in various tokens. Celsius was…

Here’s how weird the world of meme coins on Solana has become. Meet Trevv, a young man from California, just 19 years of age, with no prior experience in crypto. (He asked us to withhold his full name.) Trevv’s a drug addict—mostly fentanyl, but also dabbles in coke, heroin, and other substances. He’s got a small following of 2,000 people on Instagram, where he mostly posts goofy videos of himself for attention. He’s now the latest livestreaming “meme coin dev” to have gone viral—his brief moment in the crypto spotlight beginning with him feeling scammed, he says. Trevv claims he…

Despite declining crypto prices last month, centralized exchange volumes saw an uptick in activity. Data from centralized crypto exchanges showed a 30% month-on-month increase in August, even as Bitcoin (BTC) and other digital assets experienced a historical downtrend. August and September are typically bearish months for crypto, but lower prices do not necessarily mean reduced trading activity, as the data confirms. Binance and Bybit led the major centralized exchange (CEX) pack, with increases of 35% and 41%, respectively. However, KuCoin, Crypto.com, and MEXC outperformed the larger platforms. Crypto spot trading volumes on these three platforms increased by 171%, 79%, and…

As Bitcoin and the rest of the crypto market observe a recovery campaign from the recent drop, some analysts warn there might be further downturn. Ali Martinez, an expert analyst on X, recently highlighted a bearish pattern in Bitcoin’s short-term price action. According to him, on the daily chart, Bitcoin is forming a rising wedge, a pattern often linked to downtrends. Although Bitcoin might climb to $57,000 at the wedge’s upper boundary, there is a potential breakdown that could pull it back to around $51,000. This observation raises important considerations for Bitcoin’s immediate future. Bitcoin Rising Wedge Pattern A rising…

A crypto strategist is issuing a dire warning for Ethereum, believing that ETH is on the cusp of witnessing massive downward price action. Analyst Justin Bennett tells his 111,100 followers on the social media platform X that Ethereum is once again testing the diagonal support of an ascending channel pattern. An ascending channel suggests that an asset is printing higher highs and higher lows but could break down if price falls through the lower support. Says Bennett, “To say this is an important moment for ETH is a massive understatement. Probably a bounce here, but I still think we eventually…

Russian President Vladimir Putin met with top BRICS security officials today at the Konstantinovsky Palace in Saint Petersburg. This meeting is part of a two-day security summit, with Russia holding the presidency for the year. Putin mentioned that 34 countries have shown interest in joining BRICS. “We cannot ignore the increasing interest in BRICS from many countries,” he said. The group, which started with Brazil, Russia, India, China, and South Africa, has now added Iran, Egypt, Ethiopia, and the UAE. It now represents nearly 46% of the world’s population, accounts for 36% of global GDP, and handles 25% of global…