Author: NBTC
Pichi and Mantle, the L2 Ethereum network, have recently teamed up for a strategic partnership. This partnership will aim to enhance price discovery before and after the Token Generation Event of coins. The Mantle Ecosystem comprises an Ethereum layer 2 (L2) Network, a decentralized autonomous organization (DAO), Mantle Governance, one of the largest on-chain treasuries, Mantle Treasury, and an Ether (ETH) liquid staking protocol, Mantle LSP—all built on Ethereum. We’re excited to introduce our chain integration with @0xMantle and accelerate our vision of allowing for price discovery of tokens pre & post-TGE, to all!Mantle users can now deposit mETH, USDe,…
Amid Bitcoin’s (BTC) ongoing struggle to convincingly sustain levels above $60,000, technical analysis, combined with historical price patterns, suggests a potential path towards a new all-time high (ATH) of around $250,000 by late 2025. In a recent analysis shared by crypto analyst CryptoCon on August 19, Bitcoin’s price movements were evaluated using the November 28th Cycles Theory. This theory divides Bitcoin’s price history into four distinct phases. Notably, ‘New All-Time High (Red Year)’, ‘Bear Market (Orange Year)’, Accumulation (Green Year)’, and ‘Preparation (Blue Year)’. As of August 2024, Bitcoin is in the ‘Preparation Phase’, which typically precedes significant upward price…
Stake DAO has recently disclosed a huge landmark for the $CRV Liquid Locker thereof which has witnessed a remarkable spike in activity. As per Stake DAO, the Liquid Locker currently holds up to 113M $CRV coins locked in the form of $sdCRV, denoting a substantial 75% growth during the recent couple of months. The company took to its official social media account on X to provide the details about this achievement. The $CRV Liquid Locker surges to 113M $CRV locked as $sdCRV! Remarkable +75% growth in 2 months, now representing 14% of total @CurveFinance $veCRV supply. pic.twitter.com/mFqeOCcXbJ — Stake DAO…
CryptoPunks make it three straight by topping CryptoSlam’s daily non-fungible token (NFT) sales chart with US$1.29 million on Wednesday. CryptoPunk’s streak comes as community members speculate that the iconic NFTs are declining in value. This week, investor Deepak Thapliyal announced the sale of Punk #5822, which was once valued at US$24 million. Thapliyal unloaded the CryptoPunk for an undisclosed amount, but community members speculate that it was sold at a loss for around 5,000 Ether (US$12.8 million). CryptoPunks witnessed a total of 15 transactions Wednesday, involving 11 unique buyers and 13 sellers, with an average sale price of US$86,582. CryptoPunks’…
Bharat Ramamurti, a former deputy director of the White House National Economic Council, called on the Fed to make a significant rate cut in September and criticized the central bank’s decision to keep rates steady in July. Ramamurti said the Fed “made a mistake” by not cutting rates earlier and that he believes a 50 basis point cut is necessary to address rising risks to price stability and inflation. He cited current labor market data, such as hiring trends, quit rates and jobless claims, as evidence of pressure building in the labor market. However, Ramamurti does not foresee a sudden…
The most popular and biggest meme cryptocurrency, Dogecoin (DOGE), has had a homecoming of sorts with a new listing on the world’s largest crypto exchange, Binance. It is all about pegging DOGE to the Japanese yen, and more importantly, on a global platform rather than the Japanese wing of the black-and-yellow crypto giant. The listing of Dogecoin to JPY on Binance was announced yesterday, but trading only went live today. From the start of trading, the price of DOGE in yen jumped more than 13%, as the chart shows. However, it quickly stabilized to prices that are in line with…
Canaccord raised its Cipher Mining price target to $7 from $6 while maintaining its buy rating on the shares. The company’s bitcoin mining business remains a standout in the sector, the report said. The miner has real artificial intelligence optionality with its recently acquired Reveille data center site, the broker said. Cipher Mining’s (CIFR) bitcoin (BTC) mining business remains a standout in the sector in terms of exahash growth, operating performance and low power costs, broker Canaccord said in a research report on Wednesday. The broker raised its price target for the bitcoin miner to $7 from $6 while maintaining…
The crypto market is experiencing significant price movements, with Bitcoin soaring 126% and Ethereum climbing 53% year-over-year. Despite these gains, retail investors are facing uncertainty as many trending tokens and projects struggle to show substantial returns. Experts emphasize the importance of investing in blockchain ecosystems that provide sustainable business opportunities, rather than chasing speculative token trends. Explore the current state of the crypto market, where retail investors are seeking viable opportunities beyond speculative trends, amidst significant year-over-year gains in Bitcoin and Ethereum. Market Dynamics: The Shift in Retail Investor Sentiment In the evolving crypto landscape, retail investors find themselves caught…
Crypto investors are pouring hundreds of millions of dollars into Bitcoin (BTC) options tied to the upcoming US election, with open interest of around $350 million reflecting strong bullish sentiment. Bitcoin Options Tied to US Elections See $350 Million in Short Selling, Reflecting Bullish Trend These election expiration options began trading on Deribit just over a month ago, four days after the Nov. 4 election. Notional open interest, or the total dollar value of active contracts, currently stands at $345.83 million, according to Amberdata. Most of the interest is concentrated in call options, representing 67% of the total, while the…
The DeFi sector has seen a significant shift this week. As per the data from DappRadar the top DeFi projects based on the total value locked take into account LIDO, Aave V3, EigenLayer, Maker DAO, and Rocket Pool. The data reveals that a substantial jump has taken place in the TVL of these projects. LIDO Leads the DeFi Sector with the Highest TVL This Week LIDO dominates the DeFi market with a total value locked of $27.1 billion. The respective figure reportedly accounts for a 5.86% growth in the TVL of LIDO over this week. Last week, ICPSwap topped the…