Author: NBTC
On-chain analyst Data Nerd reports a crypto whale deposited over 101 billion Shiba Inu (SHIB) into Coinbase, facing a $560K loss amid a substantial market downturn. A recent post on X from on-chain analyst Data Nerd reveals significant activity by a crypto whale involving the token Shiba Inu (SHIB). The whale, identified by the wallet address 0x9f5, has been notably active, engaging in substantial trades that could test market liquidity. Citing data sourced by Arkham Intelligence, Data Nerd noted that this individual deposited 101.068 billion SHIB, approximately $2.15 million, into a Coinbase account. 3 hours ago, a whale 0x9f5 just…
Coinbase took a loss in its latest Supreme Court argument on a very narrow point about arbitration. Bad news for Coinbase doesn’t translate directly to anything in the digital assets sector. The U.S. Supreme Court ruled against Coinbase Inc. (COIN) in its dispute over which legal agreement should hold sway when parties are under two distinct contracts and the first of them calls for arbitration, finding the company’s case was “unpersuasive” and that the courts need to work those questions out when they arise. The matter was far removed from the company’s cryptocurrency business, but arbitration issues have been increasingly…
While the altcoins listed by Binance, the world’s largest cryptocurrency exchange, are closely followed by investors, there has been a new development regarding the altcoin listing. Chinese cryptocurrency journalist Wu Blockchain said in his post that some monitoring robots detected that Binance added a new Toncoin (TON) port on May 23. Stating that this situation seems to be a signal for Binance to list TON, but it is just a prediction, Wu said: “Some monitoring robots detected that Binance added a new Toncoin (TON) port on May 23. This interface tracking is only a preliminary estimate and is not definitive…
StarkWare, the main developer firm behind the layer-2 blockchain Starknet, shared Wednesday plans for its own zero-knowledge rollup compatible with the existing Ethereum infrastructure, a setup commonly known as a zkEVM. The zkEVM, called Kakarot, already in testing, will be available via the Starknet Stack, a set of software tools that make it easier for developers to spin up their own customized application-specific chains. Starknet already has its own zero-knowledge virtual machine (zkVM), but using a programming language called Cairo. With the zkEVM, developers will instead be able to code with Solidity, the most common programming language for Ethereum smart…
It appears ever more likely that fund issuers will launch crypto ETFs in Hong Kong very soon. This move could catalyze acceptance of such funds elsewhere, with some speculating that other regulators in Asia could be next to follow suit. In the US, the Securities and Exchange Commission had held out on approving spot bitcoin ETFs for years, restricting investors from engaging with cryptocurrencies through regulated financial avenues. This barrier prevented the broader financial adoption and accessibility of blockchain assets. That all changed in January when the SEC approved 10 spot bitcoin ETFs for trading on US exchanges. This approval…
Learn what is Ethereum and explore its components, including smart contracts, decentralized applications (dapps), and its native token Ether (ETH). Ethereum is not only the #1 blockchain by total value locked, but it is also the name of the second-largest cryptocurrency by market capitalization after Bitcoin (BTC). In this guide, we will shed more light on the often-asked question, “What is Ethereum?” Our exploration will look into the key components that make Ethereum tick, from the blockchain and cryptocurrency to the concept of smart contracts and dapps. Read on and have Ethereum explain it to you. Table of Contents What…
Notcoin is a Telegram-based game that has captured the attention of millions of players over the past few months. The game has racked up 35 million total players, and hit a peak of six million daily active users. That’s vastly larger than most crypto games. The game, created by Open Builders, is based within the Telegram messaging app, and will launch a token on The Open Network (TON) soon. Its founder previously told Decrypt that the team sees it as a unique way to distribute tokens to community members in a fair manner. What could motivate 35 million players to…
The U.S. House of Representatives voted largely along party lines to prevent the Federal Reserve from issuing a central bank digital currency. The CBDC Anti-Surveillance State Act, introduced by Majority Whip Tom Emmer (R-Minn.), seeks to block the U.S. central bank from continuing efforts toward the development of a digital dollar. Republicans expressed concerns that a U.S. CBDC could be used to control Americans. Democrats said during debate before Thursday’s vote that the concerns were overblown and a ban would block public sector innovation and research. Overall, 213 Republicans and three Democrats voted for the bill, while 192 Democrats voted…
Popular crypto exchange BitMart announces a limited-time flash sale for Shiba Inu’s artificial intelligence partner token Bad Idea AI (BAD). According to an announcement yesterday, the move is part of an effort to celebrate the listing of Bad Idea on the BitMart Fixed Savings product. “To celebrate @badideaai $BAD listed [listing] on BitMart, BitMart Earn is offering a limited-time flash sale for Fixed Savings product on BAD,” an excerpt from the announcement read. 🔥To celebrate @badideaai $BAD listed on BitMart, BitMart Earn is offering a limited-time flash sale for Fixed Savings product on BAD & enjoy 75% APY! ！🤑🤑🤑 💎30-Day💎75%…
Witness Chain has announced plans to develop the DePIN Coordination Layer (DCL) with the help of the Polygon CDK (Chain Development Kit). There are multiple functions that the DCL is intended to fulfill. To start with, it opens the door for the development of composite DePIN DApps, which combine DeFi and DePIN to provide fresh software. Furthermore, it grants DePIN nodes the capability to be programmed, which facilitates the trading of futures market resources including computation, electricity, bandwidth, and storage. Thirdly, it applies rollups and dual staking to DePIN. Over and above that, the DCL encourages on-chain asset listing, as…