Author: NBTC
Bored Ape Yacht Club (BAYC) non-fungible token (NFT) collection surpassed Pudgy Penguins’ floor price this Thursday, according to data from price platform NFT Price Floor. The trading volume of BAYC collection also grew by 27% in the last 24 hours, data from on-chain research firm Nansen shows, surpassing 2,394 ETH. Pudgy Penguins’ volume fell 58% in the same period. The reason behind the 6.5% leap in BAYC’s NFTs floor price is the announcement that Greg Solano will be returning to his role as CEO at Yuga Labs. Solano is one of the four creators of Yuga Labs, the company behind…
On Jan. 29, 2024, ethereum’s price dynamics display a nuanced interplay of market elements. The current price of ether stands at $2,247, with a 24-hour range fluctuating between $2,246 and $2,284. Despite its substantial market capitalization of $270 billion, ether trading volume remains modest, hinting at possible investor wariness. Ethereum The hourly chart of ethereum (ETH) paints a picture of a volatile ether market. Prices swing from $2,246 to $2,284, signaling opportunities for short-term trading or day traders. This fluctuation is pivotal for traders who capitalize on brief price movements, offering potential points for entry at support levels and exit…
Celsius will be shipping out more than $3 billion to its creditors as its the firm’s bankruptcy is officially closed. Apart from the cash, creditors will get a stake in the newly formed Ionic Digital Inc. mining operation, the company said in a statement on Wednesday. About 98% of Celsius Network’s creditors signed off on the plan after 18 months in bankruptcy court. Ionic is expected to become a publicly traded company once it clears approvals. “When we were appointed in June 2022, everyone assumed Celsius would disappear completely like the other crypto lenders that were filing bankruptcy around the…
Recent partnerships drive VET and VTHO, with VET up 13%. VeChain’s 2M daily transactions showcase blockchain’s transformative potential. PwC and Walmart China propel VeChain as a blockchain trailblazer. VeChain, a leading blockchain platform, is witnessing a significant uptick fueled by recent partnerships, translating into notable gains for its native assets, VET and VTHO. In fact, VET has surged by nearly 13% since its recent breakout, prompting analysts to eye a breakout target of $0.038, indicating a potential 36% increase. $VET is already up almost 13% since breaking out!If the break out target of $0,038 is getting reached, it will be…
In a not-so unexpected turn of events, Bitcoin (BTC) has surged to new heights, breaking the $57,000 barrier during the early hours of Tuesday in the Asian market. This price level, not seen since November 2021, marks a significant resurgence for the leading cryptocurrency. Bitcoin ETFs Experience Unprecedented Activity Remarkably, the surge in Bitcoin’s price has triggered substantial activity in US-based spot Bitcoin ETFs, excluding Grayscale’s GBTC. According to Bloomberg, these ETFs recorded a record-high $2.4 billion in trading volume on Monday. This surge in trading activity underscores the increasing interest and involvement of institutional investors in the cryptocurrency market.…
The newly launched spot Bitcoin ETFs have attracted billions of dollars with fresh inflows making new highs on a daily basis. Earlier this week on Tuesday, BlackRock’s iShares Bitcoin ETF (IBIT) alone attracted ~$500 million in a single day. The recent survey from QCP Capital suggests that global liquidity has been rotating back into Bitcoin ETFs. Thus, it expects the BTC price to touch at least $70,000 by March end. Bitcoin ETF Inflows Will Push BTC At New All-Time Highs Bitcoin (BTC) has once again breached the $52,000 mark for the first time in over two years, fueled by remarkable…
Shiba Inu achieved another record-breaking milestone, as its latest NFT collection, SHEboshis, sold out in less than three hours. Shiba Inu has continued to showcase the benefits of having one of the most active communities in the crypto industry. SHEboshis Sell Out in 3 Hours In an exciting development, Shiba Inu achieved another milestone as its latest NFT collection, SHEboshis, was successfully sold out in hours. Notably, the SHEboshi NFT sold out in less than three hours after the Shiba Inu ecosystem team commenced the second phase of the minting process. For context, SHEboshi minting was divided into three phases.…
Ethereum’s price has been dropping over the last couple of weeks following a decisive rejection from a significant resistance level. Yet, there are several support levels nearby. Technical Analysis By TradingRage The Daily Chart On the daily chart, the price has been forming a large ascending channel over the last year. It has recently tested the higher boundary of the channel, which coincided with the $2,750 resistance level and failed to break above. The resulting rejection has been gruesome, and the market has even fallen below the $2,400 support zone. With the Relative Strength Index showing values below 50%, the…
Coinbase and Ripple are among the largest donors to a super PAC that aims to support pro-crypto politicians, Bloomberg reported on Jan. 31. Coinbase has contributed $24.5 million to Fairshake, PAC spokesperson Josh Vlasto told Bloomberg. Coinbase CEO Brian Armstrong has also personally given $1 million to the PAC. Those donations make up about one-third of the $85 million that Fairshake has raised to date, according to the report. Vlasto additionally told Bloomberg today that Ripple has donated $20 million to Fairshake. Two VC firms — Andreessen Horowitz (a16z) and Electric Capital — have donated $20 million and $500,000 respectively.…
DWF Labs, one of the important market makers in the cryptocurrency market and attracting attention with its investments, attracts attention with its altcoin purchases. But this time the situation is different. This time, the investment was not made by DWF Labs, but by its founder Andrei Grachev. At this point, Lookonchain announced that the founder of DWF Labs purchased PROM. Quoting DWF Labs founder Andrei Grachev’s post, Lookonchain announced that Grachev received 49,965 PROM. “DWFLabs founder spent 500k USDT to buy 49,965 $PROM at $10 30 minutes ago” Grachev said, “I made my first investment in a crypto project on…