Author: NBTC

Solana meme coin Billy (BILLY) has broken past a $100 million market cap as the “cute asf” dog becomes the second-largest token launched through Pump.fun. Billy was born on Pump.fun in early June. Soon after launch, the dev sold all of his tokens and the community took over the project. Now, the project’s social media accounts, Telegram, etc. all appear to be run by community members who stepped in when the original dev disappeared. According to SolScan, the dev sold all of his tokens within 20 minutes of launch. They sold the large majority of their tokens in one transaction…

Financial data and news service Bloomberg is incorporating election odds data from crypto betting platform Polymarket into its Terminal service, signaling growing institutional interest in blockchain-based prediction markets. Michael McDonough, Bloomberg’s chief economist for financial products, announced the integration on August 29. The move allows Bloomberg Terminal users to view Polymarket’s real-time US presidential election odds alongside data from other prediction markets and polling services. As the world’s leading financial data platform with approximately 350,000 subscribers globally, Bloomberg’s inclusion of Polymarket data represents a significant milestone for crypto prediction markets. The Terminal controls roughly one-third of the market share for…

Bitcoin (BTC) is still aiming to break past the $60,000 resistance during a period of price consolidation, with investors awaiting signs of a bullish breakout. Amid current market sentiment, Cycles Fan’s analysis in an X post on August 18 pointed out that Bitcoin might be primed for a new high by the end of the year. However, the cryptocurrency must overcome several hurdles to validate this bullish outlook. The expert emphasized the importance of Bitcoin’s interaction with the 50-week moving average (MA). Last week’s bottom around this critical technical level closely resembles the price action seen in June and July…

The available quantities of Ethereum tokens on exchanges have hit a new level, sparking predictions of a possible price increase. Notably, according to data presented by Leon Waidmann, Head of Research at OnchainHQ, Ethereum’s balance on exchanges has dropped below 10% for the first time. This marks a shift in Ethereum’s availability on trading platforms, leaving fewer tokens available for immediate trading. Declining Supply on Exchanges As seen from Waidmann’s post, the Ethereum exchange balance has undergone notable fluctuations since 2016. Initially, over 28% of Ethereum’s total supply was held on exchanges. However, a sharp decline followed, with the balance…

Earlier in 2024, there was a significant backlash to President Biden’s proposed tax plan, which would see capital gains taxes rise to their highest levels in 100 years, unrealized gains become taxable for some individuals, and corporate taxes see a substantial uptick. Despite the passage of nearly five months and the changing of the Democratic Party candidate from Biden to Vice President Kamala Harris, the debate has not subsided and has, in several ways, only grown more intense. Indeed, Harris historically endorsing measures deemed even more radical than the current President’s and her recent comments on price controls seeing her…

Pump.fun became the largest revenue generator of any blockchain or protocol over the past 24 hours, data shows. 11,528 tokens were deployed on Monday, bringing the cumulative total up to 1.2 million. The number of tokens created can be attributed to the ongoing celebrity-themed token narrative. Celebrity-inspired meme coins spurred a surge in revenue for token launchpad Pump.fun over the past 24 hours, lifting the protocol’s revenue above the Ethereum blockchain’s for the first time. Pump.fun racked up $2 million in daily revenue in the time period, pipping Ethereum’s $1.91 million and making it the largest revenue generator of any…

Web3 payments provider Transak is teaming up with Soneium to bring more mainstream users to the recently launched blockchain network. According to a press release shared with crypto.news, Transak will assist Soneium in onboarding mainstream users who want to leverage the Ethereum (ETH) layer 2 platform’s web3 infrastructure and services. Transak, a U.S.-based payments provider, has a tech hub in Bengaluru, India, and also operates offices in the United Kingdom, Italy, the United Arab Emirates, and Hong Kong. Sony’s dive into web3 Sony Group, through its Sony Block Solutions Labs, is making a significant entry into the blockchain and web3…

Bitcoin (BTC) is again trading around the $60,000 psychological level, encouraging both bullish and bearish analyses in the market. While the leading cryptocurrency decides its direction, traders and investors look for the next buying before a bull rally starts. In particular, Bitcoin’s trading expert CrypNuevo posted his “Sunday Update” on August 18, highlighting potential movements for BTC price. First, the analyst expects Bitcoin to briefly break out from a descending broadening wedge chart pattern spotted by different traders. Finbold has already reported two analyses that mention this pattern, one eyeing the $100,000 mark and the other warning of downside potential.…

There’ve been some rumblings about a potential bear case for ethereum. Now hold your horses; there may be a few reasons to think that the bear hasn’t reared its head just yet. At least for now. Jeff Sekinger, founder of Nurp, argued that the chart is actually bullish for ETH because it was able to find support after it bounced above $2,300. Meanwhile, Volmex founder Cole Kennelly told Blockworks that ETH’s fundamentals remain “strong.” Read more: Where are we on the bull market chart? “Notably, ETH is the second crypto asset to have spot ETFs, the blockchain of choice for…

Taking a somewhat unconventional approach to investing, Robert Kiyosaki, author of the finance book “Rich Dad, Poor Dad,” prefers investing in cryptocurrencies and commodities such as gold and silver to traditional stock market investing. Even there, his approach differs from the traditional “buy the asset for a profit,” instead, Kiyosaki prefers to view his investments as a hedge against inflation and the losing value of the U.S. dollar. MONEY is an interesting subject. Everyone in the modern world uses money…regardless if they earn the money or not. If you are born into a rich family…you may be lucky….yet history shows…