Author: NBTC

According to the latest data from Coinglass, Bitcoin’s price action could trigger significant liquidation events on mainstream centralized exchanges (CEXs). If Bitcoin’s value drops below $61,000, the cumulative liquidation intensity of long orders could reach a staggering $653 million. On the other hand, if Bitcoin breaks the $64,000 threshold, short orders could face an even larger liquidation concentration of $848 million. Chart showing total liquidation data for Bitcoin across exchanges. The liquidation chart provided by Coinglass highlights the relative importance of these clusters, but does not specify the exact number or value of contracts that will be liquidated. Instead, the…

The Open Network blockchain has recorded a significant decline in daily active users, according to on-chain data from IntoTheBlock. According to a chart shared on X by the on-chain metrics and analytics provider, the TON network has seen its daily active users drop sharply in recent weeks. Meanwhile, Toncoin, the native token of the Telegram-supported decentralized layer-1 blockchain, has struggled for upward momentum during this period. You might also like: Robinhood unveils Solana crypto transfers for EU users TON’s daily active users drops A report DappRadar showed that TON’s active daily users surged in early September as the crypto gaming…

Bitcoin is expected to consolidate between $57K and $62K before potentially breaking out above $64K. A 1-2 day consolidation period is anticipated as traders evaluate market trends and strength. The $64K level is seen as a critical resistance point that could determine Bitcoin’s next major price movement. Market experts believe that BTC is likely to range between $57K and $62K after reaching the $62K level. As this continues to gather pace, traders are looking forward to a breakout above $64,000 as its price in Bitcoin. Many people expect such a higher level of resistance will force many market participants to…

Cardano has forged alliances with several leading blockchain networks, including Polkadot, Algorand, and Avalanche, to boost interoperability and drive innovation in the blockchain space. The project has also formed strategic alliances with Hedera and Ripple. These collaborations are a major step for Cardano in its efforts to improve blockchain technology. The teams’ plan to share resources and expertise, with the goal of fostering innovation across the networks. This should help streamline transactions and improve efficiency. 🚨BREAKING: #Cardano has been working with #Polkadot, #Algorand, #Avalanche and have an alliance with #Hedera and #Ripple 🤯@avax $AVAX @AlgoFoundation @Polkadot $DOT $ALGO @hedera #HBAR…

Ki Young Ju, the CEO of CryptoQuant, has recently highlighted that Bitcoin is nearing what could be its most extended consolidation phase, particularly as the halving event approaches. This halving occurs approximately every four years, effectively cutting mining rewards in half, a historical precursor to substantial price surges. Understanding Bitcoin’s Consolidation In his remarks shared via platform X, Ju warned that without an upward movement in the next fortnight, Bitcoin risks entering this prolonged horizontal phase. As the year approaches the 285th day, the market still harbors optimistic sentiments. What Factors Influence Bitcoin’s Current Dynamics? Ju pointed out the importance…

Today, enjoy the Lightspeed newsletter on Blockworks.co. Tomorrow, get the news delivered directly to your inbox. Subscribe to the Lightspeed newsletter. A block north of the Charles River and on the sixth floor of MIT’s media lab, Solana investors, founders, and community members were handed Red Sox-themed t-shirts and sipped Dunkin’ coffee during “Solana Boston,” the latest in crypto’s never-ending conference cycle. This particular conference was much less ambitious than its predecessor in Solana Breakpoint. The venue consisted of two rooms for talks connected by a networking space. The most talked-about speaker seemed to be John Deaton, the crypto-friendly lawyer…

The cryptocurrency market is witnessing a surge in activity, particularly in Bitcoin futures. Data from Coinglass, dated October 13, reveals that the total open interest in Bitcoin futures has reached 55,213 BTC, equating to around $34.63 billion. This trend is closely observed by analysts as major exchanges like CME and Binance contribute significantly to the market’s dynamics, underscoring sustained investor interest in Bitcoin. Which Exchange Dominates Bitcoin Futures? CME is at the forefront of the Bitcoin futures market, boasting an open interest of 15,663 BTC, or approximately $9.81 billion. This prominent position indicates strong participation from institutional investors, reflecting their…

The cryptocurrency market is known for its price fluctuations, and ApeCoin ($APE) has recently been trending due to a dramatic price surge. Despite the given price rise of $APE over 100% within the last two days, one $APE whale investor lost millions, showing volatility and risk associated with crypto investments. Despite $APE’s price surge of over 100% in the last 2 days, and even factoring in staking rewards, this whale still lost $1.06M (-47%) on $APE!He bought 582K $APE($2.24M) at $3.85 in 2023 and staked it.After the price of $APE rose yesterday, he sold all 790K $APE($1.18M) at a… pic.twitter.com/lOuyH89v76…

Software developer Peter Todd has dismissed the HBO documentary identifying him as Satoshi Nakamoto, the creator of Bitcoin. Todd expressed concern that the documentary could endanger his life due to the significant amount of wealth associated with Satoshi Nakamoto. Two experts argue that newer crypto users are less interested in the creator’s identity and are more focused on the technology’s utility. ‘Marketing Ploy’ Software developer Peter Todd has dismissed the HBO documentary identifying him as Satoshi Nakamoto as a “marketing ploy” to promote filmmaker Cullen Hoback’s latest works. Todd suggested that if Hoback had conducted thorough research, he would have…

The Jupiter aggregator is launching another campaign for active staking rewards. Jupiter’s goal is to engage the community in voting issues while distributing JUP and other tokens. Jupiter DEX aggregator has prepared 50M JUP and 7.5M CLOUD for its next round of voting and active staking. The current claims window runs until December 31 and covers previous community votes. At the same time, Jupiter invites both organic and incentivized activity. The DEX aggregator offers multiple trading tools, which can turn into airdrop tasks. For now, it is uncertain if the project would create another Jupuary, or focus more on active…