Author: NBTC

Bitcoin Futures open interest is nearing all-time highs, currently valued at approximately 478k BTC ($31.8 billion). Open interest in cash-margined futures has reached an all-time high of 384k BTC ($25.5 billion), driven primarily by institutional activity on the CME. Crypto-margin as a percentage of total open interest is approaching an all-time low, currently around 18.5%. Cash-margined bitcoin (BTC) futures contracts are more popular than ever. Open interest in cash-margined futures hit an all-time high of 384,000 BTC ($25.5 billion) on Monday, surpassing the November 2022 peak of 376,000 BTC, when bitcoin traded near $16,000, according to data source Glassnode. The…

Ethereum (ETH), the second-largest cryptocurrency by market capitalization, continues its movement toward $4,000 amid broader market volatility. Bitcoin (BTC), the leading digital asset, declined to a low of $93,720 the day before, climbing to its current price of $96,350. Optimism on Ethereum market Meanwhile, Ethereum consistently moved in an uptrend during the day. At press time, ETH’s price traded at $3,743, up 5.74% in the last 24 hours and 6.73% in the past week. The daily trading volume further reinforces the bullish momentum, increasing by 4% to over $42 billion. The surge shows increased investor activity on the Ethereum market.…

Goatseus Maximus, a new Pump.fun meme coin surged by over 50% after being listed by several exchanges and as its volume jumped. The Goatseus Maximus (GOAT) rose to a record high of $0.6794, much higher than last week’s low of $0.045. Its market cap has jumped from about $48 million in this period to $668 million to $668 million. This surge was driven by three main factors. First, its futures contract was added by Bybit, one of the biggest crypto exchanges in the industry. The listing gives users the ability to trade with up to 12.5x leverage. GOAT will also…

Investment opinion leaders, including Tesla CEO Elon Musk and market analyst Mario Nawfal, have cited interests from top investors as the reason Sam Bankman-Fried’s fraudulent scheme lasted as long as it did. Musk highlighted the oddity of the scenario, considering Marc Andreessen’s recent submission that the government debanked 30 tech founders. That does seem odd, given that, unlike the founders Andreessen referred to who were debanked, SBF committed massive fraud https://t.co/pr8iL8exPu — Elon Musk (@elonmusk) November 30, 2024 Andreessen accused the U.S. Democratic Party of attacking the crypto industry using the system. He cited activities by the past and present…

Osmosis, a decentralized exchange (DEX) built for the Cosmos blockchain ecosystem, has opened a bridge to the Bitcoin network, as part of a pivot toward the world’s largest cryptocurrency. The decentralized autonomous organization (DAO) that governs Osmosis voted in favor of adopting Bitcoin bridge Nomic in June. The integration went live on Tuesday. Nomic’s bridge now enables users to deposit their BTC on the Bitcoin network in return for a token called alloyed BTC (allBTC) on Osmosis. “In leveraging Nomic’s decentralized custody engine and offering zero-fee transactions, Osmosis is becoming a decentralized Bitcoin exchange,” a spokesperson told CoinDesk in a…

A hidden cryptocurrency mining operation was discovered in the basement of the University of Wrocław, according to police spokesman Wojciech Jabłoński, as reported by tvpworld.com. Covert Mining Operation Sparks Investigation at the University of Wrocław The operation was reportedly uncovered after smoke emerged from ventilation ducts at the university’s law department. Jabłoński explained that the smoke resulted from a short circuit in the mining devices, which were wirelessly connected to external systems via routers. Police responding to the scene found multiple devices consuming substantial amounts of electricity, all covertly installed and linked to the university’s electrical system. “The smoke resulted…

Samson Mow, Bitcoin maximalist and the boss of JAN3 company that helps nation-states to adopt BTC, has published an ultra-bullish BTC message on the X social media platform. Mow also accompanied his tweet with a picture to illustrate his thought as best as possible. Mow revisits his ultra-bullish Bitcoin prediction Samson Mow tweeted “Omega is inevitable,” adding a photo of a big lit green candle with capital letters on it saying “OMEGA.” Omega is inevitable. ♎️ pic.twitter.com/yVvYHvdXqp — Samson Mow (@Excellion) October 14, 2024 In one of the tweets published earlier, the JAN3 CEO explained that an Omega candle would…

Ethereum (ETH) is the second largest cryptocurrency by market capitalization in the world — although the distance between it and Bitcoin (BTC) is vast in absolute terms. Similarly, the performance of the two leading digital assets has differed substantially throughout 2024. At press time, Bitcoin was trading at $96,044,00 — with year-to-date (YTD) gains standing at 127.15%. In contrast, Ethereum’s returns thus far have been twice as small, at 62.01% on a YTD basis. However, on December 4, ETH surpassed a critical threshold — reclaiming and shooting past its monthly open, with prices reaching levels slightly above the $3,800 mark…

Cardano and Bitcoin integration may announce updates at the Cardano Summit. Rumours of what the updates could be leads to major excitement in the crypto space. ADA and BTC price could pump significantly with ADA at $10 ATH. The crypto space is a buzz with what could be one of the biggest network collaborations in the crypto space. Cardano has long since been working on a mainnet integration with the pioneer blockchain technology in the crypto space, the Bitcoin network. The testnet launched a few months ago bringing ample opportunity for both networks. Could we see Hold $BTC Earn $ADA?👀POW…

Over the weekend, a lively discussion swept through social media as cryptocurrency enthusiasts dissected a Wall Street Journal article declaring that the U.S. “war against crypto is over” with Donald Trump’s return. Trump’s Return and the End of the Crypto Crackdown? WSJ Article Stirs Debate An article in the Wall Street Journal (WSJ) suggests that the U.S. Securities and Exchange Commission (SEC) may ease up on its legal battles against crypto exchanges once Donald Trump returns to the White House. Although President-elect Trump has yet to reveal his choice for the next SEC Chair, the buzz is that multiple contenders…