Author: NBTC
On Monday, the price of Ethereum surged to $3,900, buoyed by a wave of bullish sentiment among investors. Ethereum (ETH) is on track to surpass the $4,000 mark even before the launch of spot Ethereum exchange-traded funds (ETFs) as the market appears to be highly “underallocated,” according to DeFiance Capital founder Arthur Cheong. 4.5k before spot ETF go live for trading imo. — Arthur (@Arthur_0x) May 26, 2024 In a post on social media platform X on May 26, Cheong projected that Ethereum, the second-largest cryptocurrency by market value, could climb to $4,500 ahead of the ETF trading launch. To…
The Ripple-affiliated XRP cryptocurrency is currently on track to record its ninth consecutive month in the red against Bitcoin, the flagship cryptocurrency. XRP is now down 72% against the crypto king since Ripple managed to score a partial legal victory against the U.S. Securities and Exchange Commission last July. The token reached its current all-time high of 0.00025 BTC all the way back in May 2017. Currently, it is down a shocking 97% from that peak. As reported by U.Today, U.S. District Court Judge Analisa Torres partially sided with the San Francisco-based company, ruling that the secondary sales of the…
The blockchain tracks each and every time you tickle the digital cat. Aptos, a layer-1 blockchain network, logged two consecutive days of huge daily transaction tally gains—and it was all thanks to a “tickle-to-earn” cat game. On Friday, Aptos recorded over 90 million transactions, followed by over 115 million transactions on Saturday, according to data from Aptoscan. Here’s some perspective: On Wednesday, Aptos processed 875,000 transactions, while Ethereum, according to Etherscan, processed just over 1 million transactions. Why has this all happened? Because a Notcoin-esque cat clicker game launched on the network that records every click on-chain. What is Tapos?…
Key Points: Binance France replaced Changpeng Zhao with Yulong Yan and Lihua He as shareholders to comply with local regulations. The move follows Zhao’s guilty plea for violating US banking laws and aligns with the EU’s upcoming crypto regulations. In a strategic move to retain its operational rights in France and the wider European Union, Binance France has replaced co-founder Changpeng Zhao with two new shareholders, DL News reported. Binance France Replaces Changpeng Zhao Amid Compliance Efforts This comes as a response to Zhao’s guilty plea last November for violating US banking laws, which put into jeopardy his status as…
The Graph, renowned for its decentralized data indexing for blockchains, is charting a new course towards integrating artificial intelligence with its ecosystem. A recent white paper from Semiotic Labs titled The Graph as AI Infrastructure unveils two groundbreaking AI services: Inference and Agent. This development represents a significant leap forward, expanding The Graph’s data services by integrating AI capabilities that could transform how developers interact with blockchain data. In a practical demonstration of these capabilities, Semiotic Labs has launched Agentc, a ChatGPT-like tool that utilizes The Graph’s Uniswap data. Available publicly for a two-week trial, Agentc allows users to engage…
The total value locked (TVL) of Ethereum Layer 2s have reached a historical record of $47 billion. According to the data posted by L2BEAT, the current TVL of all canonically bridged, externally bridged, and natively minted tokens on Ethereum Layer 2 networks is $47.45 billion, setting a new all-time high. Breaking down by networks, Arbitrum One leads the ranking and has a TVL of $19.3 billion. OP Mainnet comes the second with $7.88 billion. Base is ranked the third with $6.94 billion TVL. Other blockchains with a TVL exceeding $1 billion include Blast, Mantle, Linea, and Starknet. L2BEAT indicated that…
According to analyst The DeFi Investor, as the cryptocurrency market enters the new week, there will be important developments in some altcoins and these should be followed closely. Here are the altcoin trends to watch in the new week: Ethereum Theme: OP, LDO, ETHFI Ethereum is starting to strengthen, which could bode well for related tokens such as OP, LDO, and ETHFI. Theta Network: THETA Theta Network is preparing to launch EdgeCloud on May 1. EdgeCloud is a hybrid cloud computing platform that could potentially impact the market and increase interest in THETA. Bitcoin: BTC The FED will announce its…
Using its Hbit subsidiary, Hong Kong investment holdings business Sinohope, founded by Huobi (HTX) exchange co-founder Leon Li, would reclaim more than 100% of its trapped funds on the failing cryptocurrency exchange FTX. Sinohope’s Debt Investment Deal Secures Recovery A May 24 notice starting to circulate on May 28 says that Hbit has sold debt investment company Ceratosaurus Investors LLC $19.5 million worth of creditor claims. Sinohope has $18.1 million worth of deposits locked on FTX at the November 2022 crash date. The agreement suggests a 108% recovery percentage based on the assets of the company. The unreturned money greatly…
BTC continued its downtrend all the way to the green zone, making the move predicted in the “Will it start falling until halving?” analysis. Yesterday’s analysis gave readers a gain of more than 15%. The current BTC chart shows that the price has encountered buying from the green support range. BTC’s downtrend continued into the green zone as the move predicted in the “Will it start falling until the halving?” analysis materialized, with yesterday’s analysis showing a gain of more than 15%; currently, the price is trying to rally with buying from the green support range of $66,666 – $65,800.…
Legendary trader Peter Brandt opens a long position in Ethereum with a target of $4,032, leveraging a descending wedge pattern to predict a bullish breakout from $2,741. Peter Brandt, a seasoned trader and classical chartist, recently shared his current trades on social media, highlighting a notable bullish signal for Ethereum. Brandt, known for his adherence to classical charting techniques from Schabacker’s 1934 methods, focuses on swing trading by identifying and trading breakout patterns. According to an X post, his trading approach has a 55% hit rate, implying his method’s reliability. As a trader I’m a classical chartist (Schabacker, 1934)I’m a…