Author: NBTC

Token unlocks could add to selling pressure if demand does not keep up. Data shows that some $95 million of SAND is set to be unlocked on Wednesday. Tokens of key gaming and NFT projects Sandbox and ApeCoin could see short-term selling pressure as planned unlocks release a cumulative $125 million worth of the tokens in the coming days. Token unlocks refer to the release of previously locked or restricted tokens into the market. These tokens become available for trading, buying, and selling after the end of their vesting period – and are typically vested for early investors, treasury, and…

CryptoQuant, a leading cryptocurrency analysis company, provided information about the recent rise in Bitcoin’s price. According to analysts, Bitcoin suddenly caused a mass liquidation of $ 27 million with its recent rally. Analysts said that for a subsequent short squeeze to be successful, it must be accompanied by upward volatility along with spot purchases. In the recent short squeeze cases on December 6, 2023 and January 9, 2024, large short positions worth over $30 million were liquidated. This pushed the price higher but failed to spark a strong uptrend and the price soon pulled back and corrected. CryptoQuant warns that…

Uniswap Labs has announced three additional new products designed to make swapping on the decentralized exchange more simple. These new releases include a Uniswap extension tool, a function for limit orders on its web app and a new data and insights web page. Uniswap is currently the largest decentralized exchange (DEX) by total value locked (TVL), according to DeFiLlama. Uniswap v3, for example, boasts a TVL of $3.044 billion. In an interview with Blockworks, Callil Capuozzo, the VP of design at Uniswap Labs, said that the extension tool has been in the works for a while and will help the…

Connected fashion brand 9dcc, which already launched premium t-shirts and baseball caps paired with Ethereum NFTs that enable on-chain benefits, has unveiled its first full luxury fashion line. The 9dcc Collection 01 is set to debut this week in France. Previewing at NFT Paris and then Paris Fashion Week in the coming days, 9dcc Collection 01 spans more than 60 items, including coats, pants, hooded sweatshirts, blazers, tank tops, boxer shorts, and beyond. The fall 2024 collection uses materials sourced from Italy, Japan, and the United States. Each item has a sewn-in near-field communication (NFC) chip corresponding with an Ethereum…

Ethereum now stands at the center of volatility risks as the defunct crypto lender Celsius prepares over $1 billion worth of Ether tokens for liquidation. On-chain analytics resource Spot On Chain and numerous crypto pundits have highlighted Celsius’ Ethereum transactions. The bankrupt lender’s most recent withdrawal frenzy saw it transfer 459,561 ETH to three exchanges. Specifically, these transactions occurred within the last 24 hours, wielding a market value of $1,030,501,203, considering an average price of $2,242 for Ethereum. Breakdown of Celsius ETH Transfers On-chain data indicates that the largest chunk of the transferred ETH went to Coinbase’s institutional platform, Coinbase…

BlackRock’s executive Rick Rieder shares insights on the Federal Reserve’s interest rate plans. Rieder suggests a cautious Fed approach, possibly delaying rate cuts beyond March. Amidst swirling economic forecasts, BlackRock’s Global Chief Investment Officer of Fixed Income offers a nuanced perspective on the Federal Reserve’s upcoming decisions. BlackRock CIO Suggests Fed Will Keep Interest Rates Unchanged in March Rieder believes a March rate cut is premature despite a shift towards a neutral monetary policy. “I still think March is early,” Rieder stated, pointing to the current condition of the US economy. The economy shows significant strength, with a 3.3% growth…

The latest data from Ripple and its API service indicates that the firm’s XRP holdings now stand at 45.55 billion, reflecting a decrease of over a billion from the figures reported in the previous quarter. Prominent American payment firm Ripple has published its Q4 2023 report capturing the XRP market. The report reveals Ripple’s XRP holdings at the end of both the third and fourth quarters of 2023. Our latest XRP Markets Report is live — detailing Q4 events in crypto that brought important topics such as compliance and anti-money laundering to the forefront, key regulatory and licensing wins, and…

In a recent post, Blocksteam CEO Adam Back, a prominent figure in the cryptocurrency world, has predicted that Bitcoin could potentially surpass the $700,000 mark if it manages to capture the market capitalization of gold, which currently stands at approximately $13.5 trillion. Back’s comment was in response to observations that Bitcoin is not only attracting significant investment flows but is also leading to a decline in gold investments. If Bitcoin continues to draw funds away from gold, causing both assets to meet in the middle in terms of value, such a scenario could significantly elevate Bitcoin’s price. This comes amid…

Aerodrome Finance’s native token AERO surged 152% Tuesday after Base Ecosystem Fund acquired a position in it. Aerodrome Finance is recognized as the predominant liquidity protocol on the Base blockchain, commanding a market share exceeding 30%. With $134 million in total value locked (TVL), as reported by DefiLlama, Aerodrome’s prominence in the blockchain ecosystem is undeniable. The Base blockchain, a layer-2 network established by Coinbase, has garnered significant attention and growth, amassing $420 million in TVL since its inception in June. The involvement of the Base Ecosystem Fund in Aerodrome Finance was publicly announced via a tweet from Aerodrome, expressing…

E-commerce giant eBay is said to have cut 30% of staff at NFT marketplace KnownOrigin. As the NFT frenzy has cooled off, those who jumped on the bandwagon are now dealing with the consequences. Ebay has reportedly fired staff at KnownOrigin, an NFT marketplace it acquired in 2022, NFTGators has learned, citing people close to the matter. According to the sources, eBay has fired its business and strategy officer Stefanie (Stef) Jay, who was appointed for the role in May 2021. KnownOrigin co-founder David Moore has reportedly also “been made redundant. With the latest move, eBay has halted all plans…