Author: NBTC

The political-themed meme coins known as “PolitiFi tokens” have surged 782.4% on average in 2024, as reported by CoinGecko. The category surpassed the broader meme coin category’s 90.2% average year-to-date growth. The largest PolitiFi token is ConstitutionDAO (PEOPLE), leading with a $385.6 million market cap and showing a 494.3% price increase since the start of the year. Yet, despite having less than half PEOPLE’s market cap at $178.9 million, MAGA (TRUMP) soared 1,350.9% in 2024 Another Trump-related token with a significant performance is the MAGA Hat (MAGA), which has grown 1,292.1% since its inception in May. At a market cap…

Bitcoin (BTC) holders faced a rough period last Monday as the price crashed from $61,000 to $54,000 within a few hours. This decline, tagged as one of the worst days for BTC this year, caused massive losses and liquidations. While the coin has reclaimed the previously lost peak, data shows that the BTC price may still be in danger of another decrease. Bitcoin HODLer Behavior Lacks Confidence A crucial metric fueling this bias is Bitcoin’s Holder Net Position Change. The Holder Net Position Change tracks if long-term holders are accumulating more coins or decreasing their exposure to a cryptocurrency. When…

On-chain data tracking service Lookonchain has revealed a mysterious move from the Ethereum Foundation, a non-profit organization backing the Ethereum (ETH) network. Lookonchain tweeted that the foundation sold 100 ETH a few hours ago. These coins are estimated to be sold for 241,000 DAI, a popular stablecoin token on the Ethereum blockchain. As expected, this move from the foundation has shocked the ETH community. It has injected negative sentiment among holders, as uncertainty is prevailing on the market. Notably, this is not the first sell-off triggered by the Ethereum Foundation. According to Lookonchain, the foundation has sold 2,616 ETH since…

The first trading day of September was awash in red, with the technology sector hard hit. Once high-flying Nvidia (NVDA) led the losses, although Apple, Microsoft, and Google were also down for the day. Nvidia (NVDA) suffered the most during the Tuesday bloodbath, with its stock plunging 9.53% to $108 from its open at $116.02. The drop brought a massive contraction in the company’s total market cap. The $270 billion fall from $2.92 trillion to $2.65 trillion was “the biggest one-day market cap decline on record for any U.S. company,” according to the Wall Street Journal. The news got worse…

Blockchain network Polkadot will now feature its logo on the football icon Lionel Messi’s training kit as part of a partnership with United States-based football club Inter Miami. According to a press release shared with crypto.news, Inter Miami players, including football stars such as FC Barcelona legends Lionel Messi and Luis Suárez, will wear training kits featuring the Polkadot logo as part of the club’s new partnership with the blockchain platform, now its global training partner. The logo will be featured on the front and back of the training tops for players and technical staff, which will be worn during…

Bitcoin whales made a substantial purchase of 84,000 Bitcoins in July, marking the largest monthly increase since 2014. Market trends indicate a potential bullish shift, with significant trading volumes observed during price dips. BlackRock’s Bitcoin ETF has exhibited remarkable stability, reflecting solid institutional investment confidence. Discover why Bitcoin’s recent surge in purchases by large investors could signal a major market shift and what it means for future price trends. Bitcoin Whales’ Massive Buys: What’s Next? In July, Bitcoin experienced a significant accumulation by large investors, colloquially known as ‘whales.’ These entities acquired 84,000 Bitcoins, marking the highest level of monthly…

Decentralized crypto platform Aave (AAVE) has emerged as the leader among the top five lending and borrowing protocols, recording over $24 million in fees over the past 30 days. Aave enables users to create liquidity markets, allowing them to earn interest by supplying or borrowing assets. Aave Protocol Leads in 30-day Fees According to Token Terminal, Aave leads the lending and borrowing sector, followed by Morpho Labs, Venus, Compound Finance, and Moonwell. Michael Nadeau, founder of The DeFi Report, notes that Aave commands a 64% market share in the lending and borrowing markets. Aave boasts 4.6 times more active loans…

The surge of popularity of centralized second-layer scaling solutions threatens original Ethereum (ETH) values as they are too centralized, explains Justin Bons, founder and CIO of the oldest European crypto fund, Cyber Capital. Ethereum (ETH) captured by centralized L2s, Cyber Capital CIO says L2s should not be treated as “extensions” of Ethereum (ETH), as they do not inherit its qualities, and they are able to both steal and censor users’ funds. This statement was shared by renowned cryptocurrency expert Justin Bons in his recent X thread. Furthermore, none of Ethereum’s L2 has an incentive to get decentralized over time, as…

The European Central Bank is gearing up to challenge international payment giants by introducing its digital currency to strengthen Europe’s economic sovereignty. The European Central Bank is preparing to challenge dominant American and Chinese payment systems with the introduction of a digital euro, according to Piero Cipollone, a member of the ECB’s executive board. Speaking in an interview with Le Monde, Cipollone highlighted the need for Europe to bridge the gap with the United States, particularly in the realm of technology and productivity. Cipollone pointed out that while employment in the euro area has significantly improved, productivity growth remains a…

First gamified perpetual futures decentralized exchange (DEX), Merkle Trade is unveiling its Token Generation Event (TGE) Sequence, which has a Liquidity Bootstrapping Auction (LBA) and Genesis Staking, a unique combination that is built on Aptos, the scalable, secure, and feature-rich Layer-1 blockchain. With the backing of well-known investors such as Hashed and Arrington Capital, Merkle Trade is expanding on the July 25th-started success of Genesis Staking by launching an LBA that runs from August 29 to September 5th. For a prolonged period of time, the LBA will reward early users with unique USDC rewards. Merkle Trade sets itself apart from…