Author: NBTC
MANTRA, a real-world asset (RWA) layer-1 blockchain, is an outlier in the crypto market today, outperforming all major cryptocurrencies with a notable 11% gain. With gains coming on the back of a major platform milestone, the native OM token reached $0.89 on Thursday. These are gains that helped MANTRA recoup most of the losses suffered when the altcoin dropped to $0.68 on Wednesday. MANTRA surges after major RWA partnership MANTRA launched its native token in October 2020, and has recently witnessed a major shift in sentiment as the RWA narrative strengthened. This tokenization drive saw a major bullish flip on…
In the aftermath of the United States Consumer Price Index release, Bitcoin (BTC) experienced a sharp correction, but analysts are maintaining a long-term bullish outlook. Particularly, crypto trading expert Trading Shot, in an August 14 TradingView post, suggested that technical indicators and historical price movements point to Bitcoin possibly reaching a record high of $300,000. In arriving at this potential price target, the expert noted that in July 2024, Bitcoin closed in the green zone. Despite a sharp drop at the start of August, the market quickly rebounded, demonstrating strong buying power. This recovery aligns with the 0.786 Fibonacci retracement…
The Fed is expected to cut interest rates by three quarter points before the end of the year, according to the latest Reuters poll of economists. This represents a more aggressive approach than previously expected, with most participants now predicting a 25 basis point cut at each of the Fed’s remaining meetings in 2024. The shift in sentiment came after a weaker-than-expected July employment report, which initially led rate futures traders to expect a cut of as much as 120 basis points through 2024. That estimate has since been trimmed to around 100 basis points. Market dynamics also affected these…
IntoTheBlock data revealed that a significant percentage of Dogecoin (DOGE), Pepe Coin (PEPE) and MOG (MOG) holders are still in profit. Amidst Bitcoin and an overall cryptocurrency market decline, many memecoin investors continue to profit, although memecoin prices have also fallen. Accordingly, 85.5% of MOG investors are still making a profit and leading the sector. PEPE with MOG of 78.53%; It was followed by Floki Inu (FLOKI) with 78.41% and Dogecoin with 75%. Popular dog-themed memecoin Shiba Inu (SHIB) ranked 6th on the list with a profitable investor rate of 51.83%, while US presidential candidate Donald Trump-themed Trump (MAGA) ranked…
The third largest Bitcoin mining firm on Wall Street is still quietly tightening its grip on Bitfarms (BITF), a smaller Canadian competitor, through a hostile takeover bid. As of August 13, Riot Platforms (RIOT) increased its stake in Bitfarms to 19%, disclosing its purchase of 1 million more BITF shares last week. That same day, Bitfarms announced the departure of its co-founder and chair Nicolas Bonta, who Riot publicly targeted for replacement in late June. At the time, Riot called for a special shareholder meeting—now slated for October 29—to let shareholders vote on removing Bonta and two other board members…
Warren Buffet’s Berkshire Hathaway investment fund recently made headlines with changes to its portfolio. According to a recent regulatory filing, the firm reduced its position in tech giant Apple by nearly 50%, Capital One Finance by 21.27% and Floor & Decor by 16.78%. These were the largest declines in Berkshire Hathaway’s portfolio, while Sirius XM and Chubb Limited were the largest additions at 262.24% and 4.28%, respectively. The company added new companies in the forms of Ulta Beauty and HEICO Corp to the list. The total portfolio value of Warren Buffett’s company stands at a staggering $279,969,065,000. Would love to…
CryptoPunks returned to CryptoSlam’s daily NFT throne on Monday with US$825,446 in sales. CryptoPunks has the third-highest all-time sales volume in the industry with US$2.87 billion. The Ethereum-based collection snatches the top position from DMarket which ranked second on Monday’s sales chart with US$746,474. DMarket is less than $10 million away from becoming the 14th NFT collection in history to join the half-billion dollar club, while Mythos Chain — where the collection resides — is about US$2 million from the US$500 million mark. Mythos Chain is on pace to breach the mark this week, which would make it the 11th…
Research firm Kaiko believes that tokenized Treasuries will continue to attract investors, even in the face of anticipated US Federal Reserve rate cuts, which can often diminish the appeal of fixed-income assets. According to the firm’s second-quarter market report, interest in these tokenized funds continues to grow due to their attractiveness to investors seeking liquidity and security. Kaiko explained that even with potential rate reductions, the real Fed funds rate — adjusted for inflation — may remain stable or even increase. This scenario could keep Treasuries attractive compared to riskier assets, as investors prioritize liquidity and safety. Growing activity According…
Today, enjoy the Lightspeed newsletter on Blockworks.co. Tomorrow, get the news delivered directly to your inbox. Subscribe to the Lightspeed newsletter. Howdy! To all of our US readers: Happy 4th of July, ‘Murica, may freedom ring, etc. And since today is dedicated to celebrating government, it seems apropos to talk a bit about governance: Who governs Solana? Every blockchain has a means of governance — that is, a way for humans to decide how its software should be upgraded. Bitcoin has its core developers and Bitcoin Improvement Proposals, and Ethereum has something similar. The means of upgrading Solana are perhaps…
MetaLine X, a fully on-chain game platform, has teamed up with the Oneness Labs. The aim of this partnership is to enhance the gaming experience in the high anticipated SparkFest gaming event. Happy to announce our partnership with @Oneness_Labs#Oneness Sparkfest 2 is here!️🌞🌊 This season, we will join @Oneness_Labs in the most exciting gaming event of the year!🎁Rewards Giveaway event info & how to participate :🌟 Follow @Oneness_Labs and @Metaline001 🌟… pic.twitter.com/OVcHwsj03R — MetaLine X (@Metaline001) August 20, 2024 MetaLine X is a modular computing platform powered by DePIN. It is a comprehensive platform built upon MetaLine’s core products. It…