Author: NBTC

In the past month, the stablecoin market has kept its upward momentum, with four out of the top five U.S. dollar-pegged tokens increasing in supply. Since Sept. 15, the stablecoin economy has expanded by $1.04 billion, all within just six days. Tether, USDC See Supply Boosts as Stablecoin Market Grows by $1B in Less Than a Week In less than a week, another billion dollars flowed into the stablecoin economy. Six days ago, the market stood at $172.19 billion, and today, it’s nudged up to $173.23 billion. Tether (USDT), the top stablecoin by market cap, experienced a 1.5% increase in…

On Friday, Oct. 25, 2024, Bitcoin’s network hashrate climbed to a new all-time high, reaching 736.81 exahash per second (EH/s)—a milestone unmatched in the network’s history. Bitcoin’s Hashrate Hits Historic High — How Close Are We to the Zettahash Era? Bitcoin’s computing power has hit new heights, with over 67 EH/s added to the network in just nine days. The record-breaking 736.81 EH/s, achieved on Friday evening, brings Bitcoin a great deal closer to the anticipated zettahash era. In simple terms, one zettahash per second (ZH/s) is a colossal 1,000 EH/s, meaning this 736.81 EH/s peak is now 0.73681 ZH/s.…

Bitcoin traded up 1.8% at $54,440 on Monday morning during European trading hours, rebounding from a weekend slide. The dip appeared to have been set off by Friday’s disappointing U.S. jobs report, however, analysts are wary of significant outflows from spot ETFs and upcoming economic data releases that could impact market direction. The world’s leading cryptocurrency showed a modest recovery following a weekend dip to $53,636, according to CoinGecko data. However, this uptick comes against a backdrop of substantial outflows from Bitcoin ETFs. Last week, Bitcoin spot ETFs experienced a net outflow of $706 million, with none of the 12…

The ongoing Worldcoin (WLD) token sell-off by bankrupt institutions Three Arrows Capital (3AC) and Alameda Research is worrying investors. These institutions have been steadily selling their unlocked tokens since July, leading to downward pressure on WLD’s price. Three Arrows Capital, a now-bankrupt hedge fund, holds 75 million WLD tokens and has been unloading its holdings since the end of July. To date, the liquidator, Teneo, has sold a total of 2.538 million WLD, worth $4.06 million. Transaction data from Etherscan shows ongoing transfers from 3AC’s liquidation wallets, with around 72.46 million WLD still held, valued at roughly $115.2 million. These…

A crypto community member on X has questioned the authenticity of publicly available information concerning the defunct FTX cryptocurrency exchange and its native token, FTT. The crypto user highlighted FTX’s valuation compared to publicly traded companies, despite its bankruptcy. According to market participants, FTX is still worth as much as these publically traded companies… pic.twitter.com/VHxbKnOWMa — 𝕁𝕠𝕤𝕙 𝕁𝕒𝕣𝕣𝕖𝕥𝕥 (@nohardforks) October 23, 2024 Citing a poll about the ratio between American men and women involved in gambling, the crypto community member questioned the methodology used to conduct the exercise. According to the poll result, the ratio between American men and women…

On October 26, Bitcoin’s hashrate soared to a new peak of 741 EH/s. Just a week earlier, on October 19, it hovered around 676 EH/s, reflecting a gain of over 65 EH/s in that time. Additionally, this latest peak represents a surge of more than 16% over the past month, climbing from 638 EH/s on September 26. Bitcoin hashrate peaks, growing by over 9.6% in just one week According to Hashrate Index data, BTC’s computing power hit a new high of 741EH/s on October 26. This new high represents a 9.6% spike in a week and a 16.6% surge in…

An aggressive Fed rate cut may signal economic worry, not reassurance, weighing over risk assets, including bitcoin, according to 10x Research. Traders currently see a less than 30% chance of a 50 basis point rate cut next week. Friday’s U.S. jobs report has seemingly set the stage for the Federal Reserve (Fed) to start cutting interest rates, with the first move likely to happen next week. The supposedly bullish liquidity easing cycle may klick off on a sour note for risk assets, including cryptocurrencies, if the Fed cuts rates by 50 basis points (bps) on Sept. 18, according to 10x…

After a successful CATI token launch on major exchanges Friday, with airdrop rewards going out to recipients, Catizen has now officially introduced two new ecosystem applications: Air War and Merge Restaurant. These innovative products aim to further amplify entertainment interactivity within the Catizen ecosystem. Catizen’s Entry into Crypto Trading Market Catizen offers users a simple and engaging way to earn CATI tokens through its Telegram-based game. Its native token commenced trading on centralized exchanges yesterday, September 20. The CATI token has a total supply of 1 billion tokens, with an initial airdrop of 150 million CATI tokens distributed as part…

Kraken announced today that the GIGA meme coin will be available for full trading on October 29. 📅 A sneak peek at next week’s listings: Oct 28th – 14:00 UTCNetwork expansions$PUFFER$PYUSD Oct 29th – 14:00 UTCFull trading$GIGA 👀 Roadmap updates every Thursday ⤵️https://t.co/hv1TlhIJJf *Geographic restrictions may apply pic.twitter.com/uDeLAU08lv — Kraken Pro (@krakenpro) October 24, 2024 GIGA, priced at $0.062 with a market cap of $600 million, has seen an 8.5% increase over the last 24 hours, and its listing on Kraken is expected to draw even more attention. Meme coins have surged over the past eight months, largely due to…

Monochrome Asset Management announced its Monochrome Bitcoin ETF (IBTC) will implement proof-of-reserves verification through a new partnership with Hoseki. This makes IBTC the first Australian spot Bitcoin ETF to adopt such transparency measures. Launched earlier this year, the Monochrome Bitcoin ETF has seen steady inflows totalling 134 Bitcoin worth over AUD 11 million. The fund is now collaborating with Hoseki to provide daily proof-of-reserves for its Bitcoin holdings. Hoseki’s advanced verification process, Hoseki Verified, will enable Monochrome to deliver independently verified evidence that investor assets are fully accounted for. This ongoing auditing sets a higher standard for transparency in Australian…