Author: NBTC

Bitcoin on Tuesday pushed as high as $73,500, only about $300 below its all-time high set more than seven months ago. The world’s largest crypto is now up nearly 75% year-to-date and has more than doubled from year-ago levels. The roaring success of the spot ETFs, new monetary easing cycles across major economies, and rising victory odds for crypto-friendly presidential candidate Donald Trump are among the positive catalysts. Bitcoin (BTC) surged to within a few dollars of a fresh all-time high price during U.S. trading hours Tuesday, rising to as much as $73,500 before pulling back a bit. The record…

A new study shows a slump in the non-fungible token market, with low trading activity and steep price drops hinting at potential market oversaturation. Demand and Supply Mismatch A study finds that 98% of non-fungible token (NFT) drops in 2024 have seen no trading activity since September, with 64% having fewer than 10 mints. This limited trading, according to the State of 2024 NFT Drops report, suggests a lack of excitement or investor confidence in these projects. The findings may also indicate a mismatch between supply and demand for new NFTs. This apparent market saturation coincides with waning user interest…

A new study shows a slump in the non-fungible token market, with low trading activity and steep price drops hinting at potential market oversaturation. Demand and Supply Mismatch A study finds that 98% of non-fungible token (NFT) drops in 2024 have seen no trading activity since September, with 64% having fewer than 10 mints. This limited trading, according to the State of 2024 NFT Drops report, suggests a lack of excitement or investor confidence in these projects. The findings may also indicate a mismatch between supply and demand for new NFTs. This apparent market saturation coincides with waning user interest…

Ethereum looks to be back and its worth noting when to take profits which can be predicted using the Net Unrealized Profit/Loss (NUPL). That alongside various realized price metrics can be used for insightful clues. As price of ETH moved, the NUPL value shifted across a color spectrum from deep red to blue. This indicated phases of loss to potential greed control zones. As at press time, ETH NUPL was above the neutral line, demonstrating substantial profit but not yet to a peak. – Advertisement – Previously, the shift from darker green to blue indicated moments where market sentiment might…

Donald Trump’s World Liberty Financial crypto project is struggling despite his victory in the U.S. presidential election. Data on the project’s website indicates that World Liberty Financial (WLFI) is struggling to meet its reduced goal of selling 2 billion tokens worth $30 million. Initially, the project aimed to sell 18.92 billion tokens worth nearly $300 million. So far, World Liberty Financial has sold 1.08 billion tokens, raising $16.2 million, meaning it still has a long way to go to reach its target. This is notable, as lower-profile tokens like Poodlana and Bitcoin Dogs have raised more funds in shorter periods.…

This is a segment from the Lightspeed newsletter. To read full editions, subscribe. Two months ago, I reported on some of the woes facing Solana’s smaller validators, which are computer nodes that verify Solana’s ledger is accurate. Solana’s fees and tips were in decline amid apparent fatigue from memecoin traders. In response, the Solana Foundation — the non-profit charged with supporting Solana — set a cap on the commissions that validators could charge while receiving a staking delegation from the foundation, which is a necessity for some small validators. Most crucially, the price of SOL was languishing, limiting upside for…

Lawyer and XRP enthusiast Jeremy Hogan, in a recent lengthy tweet, predicts what might come next for Ripple, Coinbase and other similar lawsuits in the year 2025. Although Hogan hinted at a bit of uncertainty about the specifics of what might happen, he was able to draw a few deductions after listening to former SEC official John Reed Stark. Hogan went ahead to outline a few likely scenarios: his first prediction concerns SEC Chair Gary Gensler, whom Hogan says might step down before Jan. 20, 2025. Following this move, Hogan predicts that the incoming SEC head or interim leader would…

11 November 2024 — Tether, the largest company in the digital asset industry, today announced the launch of WDK Wallet Development Kit by Tether, an open-source, modular software development kit designed to empower businesses and developers to seamlessly integrate non-custodial wallets and user experiences for USD₮ and Bitcoin in any app, website, and device. The announcement is a homage to the foundational vision of decentralized and permissionless financial systems that prioritize user sovereignty for both humans and machines alike. By honoring the recent anniversary of the 2008 publication of the Bitcoin Whitepaper, Tether reinforces and strengthens its commitment to advancing…

As the day starts with a bullish trend ahead of several major events coming, such as the Fed rate cuts and the US Elections, most crypto currencies prices are soaring impressively. Many tokens even grabbed attention to the levels they have reached. But none could outperform Bitcoin, the leading cryptocurrency by a $1.44T in market cap, achieving a new milestone by breaking past its ATH. So, did Bitcoin price breach its ATH Today? 1- Bitcoin Price Analysis In the last 24 hours, Bitcoin has seen a trading volume of $57.06B. This figure not only demonstrates the active trading environment but…

Arbitrum, a leading Layer 2 solution on Ethereum, is steadily establishing itself as a hub in the emerging decentralized finance (DeFi) domain with $2.73 billion TVL. As faster and less expensive than Ethereum’s leading network, Arbitrum draws various DeFi projects, ranging from lending protocols to DEXs and yield platforms. TOP 10 #TVL ON #ARBITRUM $AAVE $GMX $UNI $COMP $PENDLE $GRAIL $VRTX $REZ $BAL $BIFI pic.twitter.com/42ZaJIbV5j — PHOENIX – Crypto News & Analytics (@pnxgrp) November 11, 2024 Top Lending and Yield Platforms on Arbitrum The most valuable project in the ecosystem is AAVE, a lending platform with $821.91 million, which is…