Author: NBTC

Bitcoin and Ethereum have been struggling as October came to an end, triggering fear, doubt and uncertainty among large holders. Bitcoin (BTC) dropped 1.75% in the past 24 hours and is trading at $68,500 at the time of writing. Its market cap is currently sitting at the $1.35 trillion mark with a daily trading volume of $23 billion. According to data provided by IntoTheBlock, the daily amount of whale transactions, consisting of at least $100,000 worth of BTC, have started to decline with the asset’s price fall—plunging from $67.8 billion on Oct. 29 to $21.1 billion on Nov. 2. Large…

In a rapidly growing DeFi market, monthly TVL growth has turned into a crucial metric for understanding the assessment of a project’s success. As per Phoenix Group, the top DeFi projects in line with per-month TVL growth include $SOLV, $CFG, DEAI, and so on. The on-chain analytics platform provided the list of these projects on its official X account. TOP PROJECTS BY MONTHLY #TVL GROWTH$SOLV $BB $CFG $FOX $DEAI $GNS $MPL $PSTAKE $EUL $IDLE $FLIP $EQB $LISTA $RAY $ORDER pic.twitter.com/ja4OT6aMLp — PHOENIX – Crypto News & Analytics (@pnxgrp) November 3, 2024 $SOLV Dominates the Prominent DeFi Projects in Terms of…

Marius Van Der Wijden suggests innovative L2 designs to boost Ethereum’s speed and efficiency without compromising security. He advocates for streamlined state management, where key nodes handle the full state, reducing data overhead significantly. By simplifying receipts and enhancing transaction access lists, Van Der Wijden envisions a more efficient transaction process on Ethereum L2. Marius Van Der Wijden recently outlined his design ideas for a high throughput Layer 2 (L2) solution on Ethereum. He explained how these choices contrast with mainnet operations. He emphasized the need for efficiency and speed while addressing the challenges of current Ethereum scalability. The conversation…

Crypto lender Nexo has rebranded itself as a “digital assets wealth platform” as it attempts to pivot from headwinds faced in prior years, aiming to boost its clientele amid heightened investor interest in the industry. Nexo told Decrypt it has refreshed its website and logo and has updated its user interface with an emphasis on flexibility and compliance. Disclaimer: Nexo is one of 22 investors in an editorially independent Decrypt The company says it has served more than 7 million users worldwide who’ve used Nexo’s products to buy and exchange digital assets. The company also offers an Earn Product, enabling…

Unusual trading volumes for several altcoins have been detected on South Korea’s largest cryptocurrency exchange Upbit. Solar (SXP), Jupiter (JUP), Beam (BEAM), Loom Network (LOOM), and Mina (MINA) tokens saw significant increases in trading volume, especially when compared to the 50-period moving average. Here is a breakdown of the unusual activity: Solar (SXP) On Upbit, Solar (SXP) saw a 150.84% increase in 1-hour trading volume, with recent trading levels rising to $101,000, compared to its 50-period average of $40,000. In contrast, Binance saw a 19.55% decrease in trading volume, falling from an average of $99,000 to $80,000 in the same…

Bitcoin’s current price correction could drop it to $52,000 before a potential rally past its all-time high above $80,000. Indicators show Bitcoin’s bullish trend remains intact, with room for correction as it eyes a new high beyond $73,739. RSI points to neutral momentum, suggesting Bitcoin has space for growth without hitting overbought levels, fueling optimism for a rally. Bitcoin recently experienced a price rejection near its previous all-time high (ATH) of $73,739, sparking speculation of an impending correction. Currently priced around $69,408 on the 1-day chart, Bitcoin failed to sustain momentum at this resistance level, hinting at a possible corrective…

In a positive development for Ethereum (ETH) investors, CryptoQuant analyst Baykuş reported on X that a substantial 79.92% of Ethereum addresses are currently in profit. This high percentage indicates a strong bullish sentiment among Ethereum holders. Additionally, Baykuş provided a technical analysis outlining key support and resistance levels, offering valuable insights into Ethereum’s potential price movements in the near term. Introduction to Ethereum’s Profitability Overview of the Profitability Metric The statistic that 79.92% of Ethereum addresses are in profit is a significant indicator of overall market sentiment and investor confidence. This metric suggests that the majority of Ethereum holders have…

Tel Aviv, Israel – COTI, the Layer 2 privacy blockchain, made waves today as the Bank of Israel concluded its Digital Shekel Challenge, hosting final presentations and awards at the Tel Aviv Stock Exchange. Competing alongside industry giants like PayPal and Fireblocks, COTI presented a decentralized marketplace concept for Real-World Assets (RWAs), powered by CBDCs.—As the only blockchain-based project to reach the challenge’s final stages, COTI’s submission introduced a CBDC-driven platform where users could buy and sell RWAs directly, leveraging the Digital Shekel to simplify and secure transactions. Drawing inspiration from the BIS’s Icebreaker Project, COTI designed this marketplace around…

The DeFi sector has recently witnessed a significant development in the case of top infrastructure coins in terms of weekly trading volume. As per the data from Phoenix (a crypto analytics provider), the prominent infrastructure tokens based on weekly trading volume take into account Fetch AI ($FET), Chainlink ($LINK), Fantom ($FTM), Filecoin ($FIL), Aethir ($ATH), Layer Zero ($ZRO). Moreover, Stacks ($STX), Rune ($RUNE), Celestia ($TIA), Livepeer ($LPT), Lido ($LDO), IO Net ($IO), Arweave ($AR), Alchemy Pay ($ACH), and Tailo ($TAIKO) are also among significant performers. TOP #INFRASTRUCTURE TOKENS BY WEEKLY TRADING VOLUME$FET $LINK $FTM $FIL $ATH $ZRO $STX $RUNE $TIA…

Major Bitcoin whales bought 1,050 BTC, reflecting investor confidence even amid recent price dips and market volatility. Bitcoin’s price cycles align with the U.S. election showing repeated pre-election consolidation and post-election rallies. Ahead of the 2024 U.S. election, whale purchasing suggests a positive mood as Bitcoin consolidates close to its all-time high. Bitcoin’s price dropped, and whales resumed the accumulation of BTC in large quantities. Lookonchain reported that one whale bought 500 BTC worth $34.9 million at $69,799. This whale had previously acquired 501 BTC at $30,233 in June 2023, resulting in an unrealized profit of $19.8 million. Another whale,…