Author: NBTC
A cryptocurrency short-seller has made nearly $300,000 in profit with a trade that lasted less than one month. The crypto trader opened this short position using an advanced decentralized finance (DeFi) strategy of borrowing, selling, buying, and repaying. The address ‘0x1772dbc5529151c8190404b4d2c25f9f5d5eb3ef’ used Aave (AAVE) to carry on a trade against MakerDAO (MKR) from July 19 to August 13. According to a post by Lookonchain on X, the short-selling operation rendered $292,400 profit in Circle’s USD stablecoin (USDC). As reported, the trader borrowed 500 MKR and sold it for $1.37 million USDC at $2,740 per token. Then, closing the short by…
Following the conclusion of the IVS Crypto event in Kyoto, Shiba Inu’s lead developer, Shytoshi Kusama, flags off a global tour, revealing the cryptocurrency’s forward marching orders. According to Kusama, the Shiba Inu ecosystem team will embark on a global tour to physically engage SHIB enthusiasts and other ‘crypto curious.’ @Shibtoken @treatsforShib @kaaldhairya A quick recap and forward marching orders. #India #Kyoto #IVS pic.twitter.com/Ba6bpOzKMi — Shytoshi Kusama™ (@ShytoshiKusama) July 9, 2024 Shiba Inu Global Tour Dubbed the “Treat Yourself” tour, the exercise will see Kusama and other Shiba Inu ecosystem members travel to different countries to speak with members of…
Band Protocol is now live on the Cronos zkEVM mainnet, marking a major advancement for both projects. This launch follows a successful testnet phase that showcased Band Protocol’s capabilities and readiness for mainnet deployment. Band Protocol announced this news today via announcements on its official blog and X account. 🎉 Huge congrats to @cronos_chain on the zkEVM mainnet launch! 🚀🤝 We’re thrilled to announce that Band Protocol is live on the mainnet after a stellar testnet run.🎉 Together, we’re not just connecting the blockchain universe—we’re making it more efficient. 🤝✨.… pic.twitter.com/i4lOgdpPbA — Band Protocol (@BandProtocol) August 15, 2024 Band Protocol…
Ethereum price started a steady increase above the $2,550 resistance. ETH is beating Bitcoin and might even clear the $2,750 resistance zone. Ethereum started a fresh increase above the $2,550 and $2,650 levels. The price is trading above $2,650 and the 100-hourly Simple Moving Average. There is a connecting bullish trend line forming with support at $2,695 on the hourly chart of ETH/USD (data feed via Kraken). The pair could extend gains if it clears the $2,750 resistance zone. Ethereum Price Jumps Over 8% Ethereum price remained stable near the $2,520 support zone. ETH formed a base and started a…
Goldman Sachs is expanding its exposure to digital assets, managing $419 million in a Bitcoin ETF, according to a recent SEC filing. The investment demonstrates the company’s strategy to provide clients with exposure to the growing cryptocurrency market through various ETF holdings. The bank’s SEC filing highlights its strong portfolio in several Bitcoin ETFs. The company’s largest Bitcoin ETF holding is the iShares BTC Trust, which has $238.6 million invested in 6,991,248 shares. This large investment shows the bank’s confidence in the fund. Along with this, Sachs also invested $79.5 million in the Fidelity Bitcoin ETF, purchasing 1,516,302 shares. The…
Ripple attracted attention in the crypto scene early today, dispatching massive XRP tokens to an anonymous destination amid the approaching SEC settlement. Community surveillance service Whale Alert first drew public attention to Ripple’s transaction. The post revealed that Ripple transferred 150 million XRP, valued at approximately $64.29 million, to wallet “rP4X2hTa7A.” 🚨 🚨 🚨 150,000,000 #XRP (64,287,206 USD) transferred from #Ripple to unknown wallethttps://t.co/nt65t65klk — Whale Alert (@whale_alert) July 9, 2024 Blockchain record shows that the recipient’s wallet unloaded 50 million XRP tokens within three minutes of the inflow to another nameless address. Is the 150M XRP Linked to the…
21Shares US LLC today announced Federico Brokate as the new VP, Head of US Business. According to Bloomberg ETF analyst Eric Balchunas, Brokate was instrumental in bringing BlackRock’s crypto ETFs IBIT and ETHA to market. “Big-time hire by 21Shares, byproduct of their recent growth,” added Balchunas. According to the announcement, Brokate’s appointment aligns with 21Shares’ US growth, now boasting six crypto-asset ETFs, $3.2 billion in assets, and nearly 50 employees. Ophelia Snyder, Co-Founder and President of 21Shares, expressed excitement about the company’s US trajectory and Brokate’s anticipated contribution. “Federico brings to 21Shares years of ETF industry experience across strategy, distribution,…
The Bored Ape Yacht Club (BAYC) non-fungible token (NFT) collection surged to the forefront of the market with a total of US$919,152 in daily sales on Wednesday. BAYC ended DMarket’s near week-long streak of leading daily NFT sales, CryptoSlam data shows. BAYC is the world’s second-leading collection in all-time NFT sales with around US$3.18 billion. It’s second only to Axie Infinity’s US$4.27 billion. DMarket from the Mythos blockchain was pushed down to the second spot on Wednesday despite a small sales bump to US$698,815 from US$685,764. Solana’s DeGods claimed the third spot in the daily rankings with sales of US$651,574.…
Ethereum ETFs boosted the crypto ETF landscape after recording a net inflow of $155 million last week. ICO-era Ethereum wallet transfers an additional 5K ETH to OKX, extending his potential sale to $154 million. Ethereum could rally by 20% but faces key trendline hurdle amid retest of crucial resistance level. Ethereum (ETH) is up 1% on Monday and is looking set for a 20% rally following buying momentum from traditional investors across ETH ETFs. However, it faces potential bearish pressure from a likely dump by an old whale and resistance around a key trendline. Daily digest market movers: Ethereum ETFs,…
Pump.Fun, a Solana-based token generator, set a lifetime record by generating $5.3 million in fees over the past 24 hours, surpassing all other platforms, including blockchains like Ethereum, Tron, and Solana itself. Pump.Fun recently eliminated the $2 fee for token creation, shifting this cost to the first buyer of the token which led to an explosion in token creation and complaints. Token generator Pump.Fun raked $5.3 million in daily fees, a lifetime record, to become the highest-grossing platform in the crypto market, ahead of more prominent protocols and entire blockchains. The silver went to Ethereum’s staking application Lido which was…