Author: NBTC

While Bitcoin (BTC) has surged past $73,000 this week, Google searches for the leading asset remain low, unlike past peaks. Bitcoin experienced a strong upward surge as the week began, reaching $69,000 by Monday and continuing its climb. By Tuesday, BTC broke significant price thresholds, surpassing $70,000 and then $71,000. The bullish momentum extended into Wednesday morning when Bitcoin hit $73,600, marking its highest value since its record peak in March. Market attention focused on this rally, but recent observations highlighted an unusual trend in search interest. Bitcoin Near ATH, but Mentions Remain Low Recent data suggests that while Bitcoin’s…

According to the CME GROUP’s data, there was a high chance that the next Federal Open Market Committee (FOMC) meeting on November 6-7 would recommend a 0.25% interest rate cut by the Federal Reserve. The policy rate is expected to come down to 4.50% from 4.75%. Economists predicted that the upcoming FOMC meeting would continue voting for the rate cuts initiated in the Fed’s easing cycle that kicked off in September. More than 90% of economists polled by Reuters were confident that the Fed fund rates would be down to the 4.25%-4.50% range by the end of 2024. Nearly 80%…

Zodia Custody has partnered with non-custodial liquid staking protocol Marinade to enable Solana staking through Zodia Gateway. Standard Chartered-backed crypto custodian Zodia Custody has integrated with Marinade, a stake automation platform on the Solana blockchain, to offer its institutional clients expanded access to Solana staking, the company said in a press release. The collaboration allows investors to directly stake Solana (SOL) from Zodia’s cold wallets through the Zodia Gateway platform, which curates third-party services for institutional clients. This is Zodia’s fifth blockchain addition, complementing its existing staking support for Ethereum (ETH), Polkadot (DOT), Cardano (ADA), and BNB Chain (BNB). Zodia…

Ripple CEO Brad Garlinghouse reiterated his optimism toward the future of XRP and the entire crypto space after former President Donald Trump’s re-election. As the market anticipates the imminent restructuring of the Securities and Exchange Commission (SEC), Garlinghouse sees better days ahead. Since the election, Garlinghouse has been sharing posts, reflecting on the potential changes the market is poised to witness under the new administration. Adding to the content, his latest X thread hinted at the possible progress XRP will see despite its previous struggles. source: x The Ripple CEO reflected on the platform’s challenging journey over the past few…

N3TWORK Studios, a US company engaged in the gaming sector, has just unveiled the launch of its flagship game “Legendary Heroes Unchained” on the Base blockchain. The migration from the main Ethereum network to the more scalable layer-2 had already been announced in September, but now the big moment has arrived. Thus begins Epoch 1 of this virtual property and hero enhancement game, which will make room for exciting new features. The holders of loyalty passes have already been able to test the Base network since yesterday, now access is open to the general public. All the details below, Crypto…

Binance, one of the world’s largest crypto exchanges, has achieved a new milestone as its open interest (OI) surged to an all-time high (ATH) of $8.3 billion, according to a report by CryptoQuant analyst Burak Kesmeci. This increase, representing a 10.24% growth over the past 24 hours, emphasizes Binance’s substantial share of global crypto futures positions. The surge in OI also highlights Binance’s influence on market trends, given that it now accounts for roughly 35% of all open futures positions across all exchanges globally. The total OI across exchanges, including Binance, reached $23.3 billion, setting a record in the sector,…

The key idea regarding cryptocurrencies is that waiting might pay off sometimes, but sometimes it is not. Recently, a trader came into the limelight of the crypto community as he gained millions of gains on BTC, but in ETH, he lost an almost similar amount. This trader showed that long-position investment in cryptos has gains and losses depending on the adopted strategies. What a patient trader!He bought 568.5 $BTC($23.55M) at $41,420 on April 11, 2022, and then $BTC plummeted into a bear market.This trader was very patient and waited for $BTC to rise, and the current profit is $14.2M!However, the…

Citi and Fidelity have developed a proof-of-concept for a digital foreign exchange swap in an onchain money-market fund. The two firms have developed the proof-of-concept under the MAS’ Project Guardian. Traditional financial (TradFi) powerhouses Citi (C) and Fidelity have developed a proof-of-concept for a digital foreign exchange (FX) swap in an onchain money-market fund (MMF). The proof-of-concept, which will be exhibited at the Singapore Fintech Festival from Nov. 6-8, demonstrates how investors could settle multi-asset positions in real-time. It could also allow them to access higher yields on foreign cash funds through. For example, allowing them to diversify their portfolios…

The introduction of T-Fund to support and invest in projects within the Toncoin ecosystem has stirred TON holders and traders. The new fund will accelerate blockchain developments by supporting visionary founders. Could this development rescue TON from the bearishness that has engulfed it since the downside that emerged after Telegram’s latest legal battle? The TON network has seen substantial growth in the previous few months, fueled by the launch of user-engaging projects. Meanwhile, recent additions such as Dogs and Notcoin overwhelmed the blockchain with massive users, calling for enhanced scalability. T-Fund will address that by supporting new projects in the…

Former SEC official John Reed Stark believes that the U.S. Securities and Exchange Commission is “done.” “FYI, stick a fork in the SEC, it’s done,” he said. According to Stark, the SEC is not going to bring virtually any cases against the cryptocurrency industry in the coming years. Meanwhile, Stuart Alderoty, Ripple’s chief legal officer, has urged Gensler to step down voluntarily: “Gensler and his anti-crypto minions should voluntarily stand down, or as John explains, the SEC’s new Chair (when appointed) will use the agency’s internal mechanisms to remove them,” he said. Gensler, who has been vilified by the cryptocurrency…