Author: NBTC

Xandeum, Solana (SOL) based storage scaling project, has confirmed the upcoming XAND token launch and liquid staking program (LST), as reported to Finbold on Tuesday, October 29. Launching on October 29 at 16:00 UTC, the XAND token will empower members to earn rewards while engaging with the Xandeum’s ecosystem. Both centralized and decentralized exchanges (DEXs), such as Raydium and MEXC, have already expressed support for the token. XAND token airdrop This launch entails a 60 million XAND token airdrop for eligible users. Through DAO governance, the XAND token offers substantial utility as one of Solana’s most versatile assets. Early SOL…

As of October 20, 2024, the cryptocurrency market continues to show mixed movements across various coins, with Bitcoin (BTC) maintaining a solid dominance and certain altcoins experiencing notable volatility. Here’s a breakdown of key statistics and events from the day, along with insights into market sentiment and liquidations. Daily Summary on October 20, 2024$APE $JUP $IMX $BEAM $GALA $APE $BTC $DOGE $SOL $DIA#dailysummary #DeFi #Crypto pic.twitter.com/jHBez6KPwC — PHOENIX – Crypto News & Analytics (@pnxgrp) October 20, 2024 The total cryptocurrency market cap is $2.35 trillion, with over 30,646 currencies actively traded. Over the last 24 hours, the market saw a…

Donald Trump wants to impose tariffs of 25% on all trade products coming from Canada and Mexico as well as an additional 10% on Chinese goods. How will Trump’s tariffs affect the crypto market? In a Nov. 26 post on his social media site Truth Social, U.S President-elect Trump announced the international tariffs would remain in place “until such time as Drugs, in particular Fentanyl, and all Illegal Aliens stop this Invasion of our Country.” Throughout his presidential campaign, Trump placed trade tariffs high on the list of priorities, specifically aiming the spotlight on Mexico. He told Mexico’s President Claudia…

Market expert Murad has fueled an argument in the crypto community after mentioning tokens that are allegedly better than heavyweights Shiba Inu, XRP, and Dogecoin. Utility tokens like XRP and Chainlink offer considerable use cases for the crypto industry. For context, XRP boasts fast, cross-border transactional capabilities, while Chainlink provides off-chain data for smart contracts. Notably, XRP is the seventh-largest cryptocurrency by market cap, trading at $0.5236 and with a valuation of $29.7 billion. On the other hand, Chainlink occupies the 15th slot, exchanging hands at $11.48 with a valuation of $7 billion. Meanwhile, Dogecoin and Shiba Inu are the…

Bitcoin’s dominance spiked 14% in 18 days during 2020, drawing liquidity from altcoins. Historical patterns suggest a potential decrease in Bitcoin dominance could trigger another altcoin rally. Investors are cautiously watching for signs of Bitcoin liquidity shifting, which could signal the start of a new altcoin season. Season of many new alt coins could be around the corner as the Bitcoin dominance index dramatically changes again. Real-world data from 2020 indicates that a steep ascent of Bitcoin dominance could be quickly corrected but this will spur new action and possibly even the altcoins market. In 2020, when bitcoin made the…

The tokenization of real-world assets is growing at a rapid pace with assets exceeding a combined value of $13 billion. Interest in Tokenized U.S. Treasury Market Heating Up The tokenized U.S. Treasury market has reached $2.5 billion in value, reflecting a rapid embrace of blockchain technologies for digitizing traditionally illiquid real-world assets (RWAs). This is according to data from rwa.xyz, a central repository for tracking every tokenized real-world asset. Concurrently, the broader RWA sector has seen tokenized assets exceed $13 billion in value across various categories, including private credit, stocks, global bonds, and stablecoins, highlighting a broader trend of financial…

Max Avery, a notable voice in the crypto community, recently highlighted the transformative potential of XRP and Ripple’s solutions in the $27 trillion cross-border payment market. Avery pointed out that Ripple’s technology addresses some of the most entrenched inefficiencies in traditional banking infrastructure. He noted that this positions XRP as a key asset in reshaping global cross-border payments. Among all the DeFi developments happening on the #XRPL – It’s important to revisit the cross-border payment market. The current cross-border space is around $27 trillion, and old systems are slow and expensive. @Ripple’s solutions, settling in #XRP, could change how money…

A widely-tracked momentum indicator has flipped bullish for the first time since April. A similar bullish flip happened at the onset of the late 2023 rally and in late 2022, marking the end of a brutal downtrend. A bitcoin indicator that warned of seller exhaustion in early September has flipped bullish, bolstering the case for a move above $70,000. The moving average convergence divergence (MACD) histogram, a technical analysis indicator used to gauge trend strength and changes, has flipped positive on the weekly chart for the first time since April, according to charting platform TradingView. It signifies a renewed upward…

After Donald Trump won the US elections, the Bitcoin and cryptocurrency markets became active. Although BTC has fallen in recent days, the price has held up to the $100,000 limit. With the rise in BTC, altcoins have also made significant gains and have faced great interest from South Korean investors. According to a report by Matrixport, South Korean investors have recently shown more interest in altcoins rather than Bitcoin and Ethereum. At this point, some altcoins are leaving BTC and ETH behind in South Korea’s cryptocurrency market. Matrixport revealed in its latest report that in South Korea, one of the…

The XRP Ledger (XRPL) community has witnessed the burn of a significant amount of DROP tokens on the network, sparking speculation. XRPScan, an XRPL explorer, indexed the transaction yesterday, indicating that 10,000 DROP tokens were incinerated on the leading blockchain. According to the X post, the XRPL explorer urged the community to hold a “moment of silence” for the transaction. A moment of silence for https://t.co/jyprxCMJcU @DropCoinXRPL pic.twitter.com/DmbzrDyzNs — XRPScan (@xrpscan) October 28, 2024 Per the transaction details, the 10,000 DROP tokens were burned on October 18 at 06:56 UTC, incurring a fee of 0.000012 XRP. Despite the transaction occurring…