Author: NBTC
Dog-themed cryptocurrency Shiba Inu (SHIB) has experienced a 1,115% surge in large holder netflows, an indicator that provides an idea of the change in positions of whales in a given time period. According to IntoTheBlock data, Shiba Inu (SHIB) is reflecting a 1,115% surge in large holder netflows over the last seven days. However, the spike carries a notable twist: the increase in netflows is a negative one, signaling that instead of accumulating more SHIB, whales might be reducing their positions or selling. This tendency comes as Shiba Inu faces profit-taking alongside the broader crypto market. Shiba Inu dipped after…
On Thursday, bitcoin (BTC) leaped to a high of $62,729, representing a more than 26% jump from its Aug. 5 low of $49,577, recorded just three days earlier. The broader cryptocurrency market, which encompasses over 10,000 digital currencies, saw an 11.29% rise over the past 24 hours, with many assets enjoying double-digit gains. Bitcoin Hits $62,729 Intraday High as Dozens of Crypto Assets See Double-Digit Gains The crypto economy is making a robust recovery following a steep decline over the weekend and a rough start to the week on Monday. On that day, BTC dipped to a level not seen…
StartkGuardians, the first-ever NFT collection on StarkNet, has officially launched the testnet of a new NFT lending and borrowing protocol on StarkNet. It is currently hosted on Sepolia. 🛡 As StarkGuardians, we are excited to introduce the very first NFT lending and borrowing protocol on Starknet! Our testnet has officially launched, and you can now explore it 👇Whether you’re looking to lend or borrow NFTs, we invite you to join us at:… pic.twitter.com/iAnKRLh9N2 — StarkGuardians (@StarkGuardians) September 7, 2024 Starknet is a Validity-Rollup (aka ZK-Rollup) Layer 2 network that operates on top of Ethereum. It enables dApps to scale massively…
The Donald Trump family reportedly stands to earn about $540 million from a decentralized finance (DeFi) project named World Liberty Financial (WLFI). As the US election approaches, this blend of financial innovation and political involvement draws critical attention. While the Trump family has revealed very few details about the project, speculations are rife. Will the Trump Family Dump 30% of WLFI Supply? Reported by Dumpster DAO, an X account monitoring on-chain activities, WLFI is said to operate similarly to Aave but on Ethereum or Polygon mainnets. Information from the test contracts reveals that the team plans to sell 30% of…
IOTA’s EVM, RWAs, and Dubai’s thriving crypto nature are poised to revolutionize decentralized finance. Additionally, Dubai’s friendly regulatory framework and forward-thinking approach could transform Dubai into a key player in the crypto economy. The growth of the blockchain ecosystem is fueling the development of cutting-edge technologies that have the potential to revolutionize decentralized finance. In particular, IOTA’s Ethereum Virtual Machine (EVM), Real World Assets, and the thriving crypto environment in Dubai. By converging these three elements, the future of Decentralized Finance is poised to flourish. The launch of IOTA’s EVM, which happened mid-May this year, was a significant milestone in…
Bitcoin surged over $62,000 briefly before retreating, following a broad market rally that reversed steep losses from earlier in the week. Some analysts predicted a $100,000 target for the cryptocurrency later this year. The rally was influenced by favorable stock market sentiment and expectations of bitcoin mirroring its past market cycles, with liquidated short positions contributing to the surge. Bitcoin (BTC) briefly spiked over $62,000 before retreating during the Asian morning hours on Friday as the broader market rallied to reverse a steep rout from earlier in the week. The recovery has some bitcoin bulls revisiting their $100,000 year-end target.…
Magic Eden’s trading volume spiked from $1M to $60M due to interest in the ME token. The ME coin set up is operating more Investors to the Magic Eden NFT platform. Magic Eden now holds 80% of the Bitcoin Ordinals and Runes trade sales. Magic Eden, a multi-chain NFT marketplace, has seen a big jump in every day transaction heaps. The platform’s volume climbed from $1M to an average of $30 million a day, and recently hit a peak of $60 M. This growth happened as the marketplace prepared to launch its new utility token called ME, which has caught…
Libre, a joint venture between WebN Group and Nomura’s Laser Digital, launched an initiative bringing three high-profile funds to the Aptos platform, according to a press release shared with BSCN. The three funds now accessible on Aptos include: Brevan Howard Master Fund – A leading hedge fund with extensive global reach. Hamilton Lane’s Senior Credit Opportunities Fund (SCOPE) – A private credit fund focused on providing institutional-grade credit opportunities. BlackRock ICS Money Market Fund – One of the world’s largest money market funds, offering stable liquidity options. Combined, these funds manage over $91 billion in assets, making this launch a…
Shiba Inu’s ShibTorch auto-burn on Shibarium has triggered a surge in large transactions, reflecting growing network activity and user confidence. Solana’s rising TVL in its DeFi ecosystem signals bullish momentum, with the price poised to climb as investor interest intensifies. Polygon (MATIC) and Aave (AAVE) are both on the brink of significant price movements, with potential gains driven by strong infrastructure and investor confidence. Shiba Inu, Solana, Polygon, and Aave are all set for significant moves in the crypto market, driven by new developments and strong market activity. As these projects continue to evolve, investors are closely watching their potential…
BlackRock’s iShares Bitcoin Trust (IBIT) solidified its market leadership on August 8, attracting over $157 million in net capital, according to data from Farside Investors. But the day’s standout performer was WisdomTree’s Bitcoin fund (BTCW), which experienced its largest single-day inflow since launch at over $118 million. US Spot Bitcoin ETF Flows on August 8 – Source: Farside Investors Since its January debut, BTCW has struggled to compete with other Bitcoin ETFs, with net capital never surpassing $20 million until Thursday’s surge. The fund’s total inflows now stand at $201 million, though this remains relatively small compared to its competitors.…