Author: NBTC

Donald Trump announced J.D. Vance as his running mate for the 2024 presidential election, who recently updated his finance portfolio. Vance is a Republican Senator and one of the richest members of the United States Congress, with an estimated net worth between $3.75 million and $10.495 million, as monitored by Finbold. Notably, Quiver Quantitative reported a new JD Vance’s portfolio update on August 14 in a post on X. According to the platform, the Vice-President candidate invested $100,000 in the S&P 500 (NYSE: SPY) in October 2023. Before that, in February 2023, Vance sold approximately $100,000 of his position in…

Popular blockchain tracker Whale Alert, which monitors large crypto transfers, has detected a mind-blowing cryptocurrency transaction that moved $83,250,000 worth of meme coin PEPE. The meme coins were transferred from the Bybit exchange – the fourth largest cryptocurrency trading platform by volume. This huge transaction has coincided with an impressive PEPE price increase that has taken place in the last 24 hours. Trillions of PEPE leave Bybit, while PEPE price soars The aforementioned cryptocurrency tracker shared that Bybit saw 9,000,000,000,000 PEPE almost two hours ago, worth almost $90 million. 🚨 🚨 🚨 🚨 9,000,000,000,000 #PEPE (83,250,000 USD) transferred from #Bybit…

Bitcoin’s market stands at a critical juncture, with potential implications for both bullish and bearish traders. As highlighted by Eljaboom, a Bitcoin investor and Forbes 30 Under 30 recipient, a major liquidation event looms. If Bitcoin reaches a new all-time high (ATH), $9.26 billion in shorts could be liquidated. A few key indicators underscore this potential for a dramatic price surge. The funding rate has decreased, indicating an increase in short positions. Additionally, the Coinbase Premium has turned positive, suggesting heightened spot demand. Liquidation 🚨🚨 $9.26 billion worth of shorts will get liquidated when BTC hits a new ATH.The funding…

A bullish cryptocurrency trader has borrowed nearly $12 million in three stablecoins to buy over 4,459 Ethereum (ETH) since August 11. These decentralized finance (DeFi) trading operations signal optimism at these prices, forecasting a surge for the leading Web3 infrastructure. DeFi traders can leverage their holdings as collateral to borrow cryptocurrencies like stablecoins and open long positions buying an asset. Essentially, this allows investors to buy Ethereum without decapitalizing, sell at higher prices, and amass profits after repaying the loan. Finbold recently reported a similar operation from the world’s fifth-richest crypto investor. In particular, Lookonchain reported one of these operations…

Investment giant Millennium Management has recently announced adjustments to its Bitcoin Exchange-Traded Funds (ETFs). Notably, as per a post shared by Trader T, a prominent voice on X, the hedge fund has lowered its position on Spot Bitcoin ETFs in the second quarter. Millennium Management lowers its position on Spot Bitcoin ETFs in Q2 (reported value)$FBTC, -14%, owns $589 m$IBIT, -48%, owns $371 m$GBTC, -52% owns $82 mbut, adds more$BITB, +71%, owns $65 m$MSTR, +8837%, owns $121 m pic.twitter.com/Z91ff3A8eL — Trader T (@pivfund2100) August 15, 2024 To elaborate, Millennium Management lowered its positions in Bitcoin ETFs, including Fidelity’s Fidelity Wise…

Appchain infrastructure platform Tanssi has entered into a long-term strategic cooperation with Agrotoken, a pioneering global tokenization platform for agricultural commodities. The collab will fuel novel solutions for agriculture businesses in South America. Agrotoken, Tanssi score partnership to leverage Polkadot (DOT) for agriculture finances in South America Agrotoken, a cutting-edge tokenization platform for agriculture businesses, scored a partnership with Tanssi, a multi-purpose appchain protocol for Web3 venues. The two teams will work together on Polkadot-based agro-finance solutions for the South American market. Inaugural iterations of joint products will be focused on Brazil and Argentina, with more regional agriculture heavyweights to…

Veteran trader Peter Brandt recently posed a thought-provoking question to his 729,500 followers on X (formerly Twitter), asking whether the current Bitcoin chart will develop into a daily chart fractal resembling Gold’s performance during either the 2008-2009 or the 2020-2024 periods. This inquiry comes as Bitcoin’s price chart depicts an inverse head and shoulders pattern formation, a technical pattern often seen as a bullish indicator, and which preceded Gold’s breakout in the aforementioned periods. The inverse head and shoulders pattern is a well-known technical analysis formation that typically signals a reversal from a downtrend to an uptrend. This pattern consists…

BitMEX co-founder Arthur Hayes is launching a Bitcoin Ordinals collection dubbed Airhead, entering the market for Bitcoin-based collectibles by releasing a clutch of ballooned characters. Comprising 10,000 NFT-like assets, the batch of inflated profile pictures (PFP) stem from a collaboration with Oyl Wallet. The digital wallet for Bitcoin launched earlier this month, and on Thursday began allowlisting would-be buyers for the Airhead drop. The startup counts Hayes’ family office Maelstrom as an investor. “It’s not like you’re just offering them an NFT but on Bitcoin,” Hayes said in an interview with Decrypt. “It’s a completely different thing that speaks to…

Ethereum has lagged behind both Bitcoin and Solana in price in recent months, but experts suggest that this trend could soon change. Despite Ethereum’s significant technological advances and growing institutional interest, its price growth has not matched the impressive increases seen by its peers. According to an investment simulator from 21Shares, Bitcoin and Solana have both increased by 38% since the beginning of the year, while ETH has only gained 15%. This discrepancy raises questions about ETH’s current market position and future prospects. Yves Longchamp, managing director and head of research at AMINA, a crypto bank, said Ethereum’s distinct role…

Chinese regional banks, which were once used as bridges to process payments from Russia to China, have begun rejecting these payments for fear of secondary sanctions. To facilitate these transactions, cryptocurrency and even barter schemes have emerged as options to continue trading outside the dollar-dominated financial system. Crypto Considered for Settling Trade Transactions Between China and Russia as Payment Options Wither Russian-Chinese bilateral trade is facing increasing difficulties due to the difficult task of settling transactions. According to Izvestiya, local companies have reported that 98% of Chinese regional banks do not process yuan-based transactions from Russia. This scheme had been…