Author: NBTC

The cryptocurrency market experienced a sudden rally after the FED cut interest rates by 50 basis points. While Bitcoin rose by over 5%, some altcoins saw double-digit gains. However, there will be a large number of token unlocks in many altcoins in the new week. Here is the token unlock calendar we have prepared for you as Bitcoinsistemi.com. (All times are stated as UTC+3 Türkiye time) Worldcoin (WLD) Market Value: $1.54 billion Amount of Tokens Unlocked: $716.23 million (0.74% of market cap) Date: September 23, 2024, 03:00 FIDA (Solana Name Service) Market Value: $40.51 million Amount of Tokens Unlocked: $5.33…

In a surprising development, the Bitcoin (BTC) spot ETF gained over 1,000 institutional shareholders in just two 13F reporting periods, according to Bloomberg senior ETF analyst Eric Balchunas. Balchunas described this level of institutional adoption as “unprecedented,” demonstrating Bitcoin’s rapid integration into traditional financial markets. One of the standouts in this trend is the IBIT ETF, which alone has 661 institutional owners. Currently, 20% of IBIT shares are held by institutions and large advisors, and Balchunas predicts that number could double to 40% in the next 12 months. “It’s pretty crazy,” Balchunas said, emphasizing that the pace at which institutions…

Today, enjoy the Forward Guidance newsletter on Blockworks.co. Tomorrow, get the news delivered directly to your inbox. Subscribe to the Forward Guidance newsletter. Taking stock As we noted yesterday, we have a relatively quiet week for economic data ahead. Let’s take the breather as an opportunity to review where we currently stand. The data we’ve gotten since the Fed’s 50-basis point cut last month shows, generally, economic strength. September’s jobs report showed employers added 254,000 jobs, blowing expectations (140,000) out of the water. Unemployment is steady at 4.2% and annual inflation is hovering around 2.2% — not far off from…

Social activity offers a resilient indicator of the extent of attention a project is getting, often leading to major developments concerning a price action. As per Phoenix, a well-known crypto analytics company, $GRT, $PAAL, $AKT, $ZIG, $ROSE, $VRA, $RENDER, $TAO, $FET, and $INJ stand at the top of the AI narrative projects in terms of social activity in the crypto sector. TOP #AI PROJECTS BY SOCIAL ACTIVITY$INJ $FET $TAO $RENDER $VRA $ROSE $ZIG $AKT $PAAL $GRT pic.twitter.com/d2FTqviZkR — PHOENIX – Crypto News & Analytics (@pnxgrp) September 22, 2024 $INJ Tops the List of Prominent AI Narrative Crypto Projects Based on…

Bitcoin price holds above the $54,000 support level tested on Friday. US spot Bitcoin ETFs registered outflows last week, while CryptoQuant’s Bitcoin Coinbase Premium Index saw a mild rise. On-chain data paints a bearish picture, with falling daily active addresses and a negative Open Interest-weighted funding Rate. Bitcoin (BTC) recovered slightly on Monday, extending the weekend’s recovery after prices bounced from key support at $54,000 on Friday. This slight recovery amid the mild increase in the Coinbase Premium Index during the weekend. However, the recovery could be short-lived as on-chain data continues to lean to the downside, as shown by…

GameStop’s short squeeze in 2021 taught the Securities and Exchange Commission (SEC) several key lessons. Among those highlighted in a Monday speech by SEC Chair Gary Gensler was the need to modernize equity markets, in part by embracing shorter settlement times. A retail-led movement to bet big against Wall Street short sellers caused GameStop’s stock price to spike nearly four years ago amid the “meme stock” craze. Forced to hold or sell shares skyrocketing in price, restrictions imposed by several brokerage firms blunted the rally that was later enshrined in stock market history and recounted in books and films. Gensler,…

Carrot Swap has launched its stablecoin, xUSD, on Neo X, which is collateralized by prominent stablecoins on other blockchain networks. xUSD is backed by USDC and USDT that persist on Base, BNB Chain, and Arbitrum. To date, Carrot Swap purports that the cross-chain bridge has successfully processed more than 50,000 transactions on TestNet and MainNet, most of which have not included the xUSD stablecoin. The cross-chain bridge is a fork of ZetaChain’s mechanism that leverages relayers that independently validate transactions and then require other relayers to confirm the validity before transmitting messages between chains. Each token minted on Neo X…

Kroma Network disclosed a major partnership with GameFi.org, one of the leading platforms that connects blockchain game creators, game development companies, investors, and gamers. This collaboration aims to improve the Web3 gaming experience and bring new features in terms of rewards and resources for gamers and developers alike, as the experience both networks provide is immensely vast. We’re thrilled to partner with @GameFi_Official, the ultimate hub for game finance that brings together game studios, developers, players, and investors!🤝Through this partnership, we are advancing Web3 gaming by connecting Kroma’s ecosystem with https://t.co/3iPTEdfrGR’s… pic.twitter.com/fKpJUvfFck — Kroma (✳️_✳️) (@kroma_network) October 25, 2024 $spETH…

DeFi protocol Synthetix has officially debuted on the Arbitrum blockchain, introducing the Kwenta perpetual trading platform. Thus, Synthetix expands its presence in multi-chains, adding a new crypto network to the existing Ethereum, Base, Optimism. The application, which acts as a basis for derivatives trading in DeFi, brought the V3 version to Arbitrum, providing new opportunities for its community. The collaboration between the parties aims to create an efficient and high-performance DeFi experience using the deployed technologies. On one hand, Synthetix is ​​ready to provide high-performance perpetual swaps to Arbitrum users. On the other hand, the blockchain serves as an operational…

An executive from hedge fund Brevan Howard says that the United Arab Emirates’ (UAE) sensible approach to crypto regulations is making the country a top region for digital asset trading. According to a new report from Reuters, $35 billion hedge fund Brevan Howard group head of compliance Ryan Taylor told the AIM Conference in Dubai on Monday that regulators in the UAE want crypto to “fly.” “The regulators in the UAE are hard, but they want the industry to fly and so they write sensible regulations and they are prepared to talk to the industry in order to evolve those…