Author: NBTC

The Ethereum address myparagon.eth has made a significant profit by selling a large amount of Ethereum ($ETH). A recent report from Lookonchain reveals that the address sold its remaining 4,802 ETH, worth around $12.56 million, just a few hours ago. The sale generated an approximate profit of $2.8 million in 38 days of sale. myparagon.eth sold all the remaining 4,802 $ETH($12.56M) 40 mins ago, making a profit of ~$2.8M in 38 days!He bought 9,050 $ETH($20.75M) at ~$2,293 on Sept 7 and Sept 9.Then he sold all $ETH at ~$2,598 on Sept 30, Oct 2, and Oct 15, making ~$2.8M.https://t.co/XFRkut6fb4 pic.twitter.com/jfBt8h8d0Q…

Bitcoin staking platform Solv Protocol has raised $11 million from Nomura subsidiary Laser Digital, Blockchain Capital and OKX Ventures. Various Bitcoin staking platforms and protocols have emerged in recent years aiming to tap the potential of the hundreds of billions of dollars worth of capital held in BTC by putting it to work on other networks. Bitcoin (BTC) staking platform Solv Protocol has raised $11 million at a $200 million valuation from Nomura subsidiary Laser Digital, Blockchain Capital and OKX Ventures, among others. Solv Protocol’s SolvBTC product has more than 20,000 BTC staked ($1.3 billion) deployed across 10 major blockchain…

Chiliz Group, the group behind the crypto platform of Socios.com and Chiliz Chain (CHZ), is now launching a new project: “Chiliz Sports”. It is an independent division that promotes synergies and business opportunities for brands in the sports and technology sector. Chiliz Sports: the new independent crypto division after Socios.com and CHZ Chiliz Sports: the evolution of SportFi and crypto of Socios.com and CHZ The project of inclusivity Chiliz Sports: the new independent crypto division after Socios.com and CHZ Chiliz Group, the group behind the Socios.com platform and Chiliz Chain (CHZ), has launched a new project: “Chiliz Sports”. In practice,…

Blockchain gaming is getting a significant boost as Faraway, a prominent game development studio, announces the creation of its custom Layer 1 (L1) blockchain on the Avalanche network, named FCHAIN. The initiative is aimed at building a thriving gaming ecosystem that caters to both independent publishers and original games from Faraway’s growing library. This strategic move signals Faraway’s ambition to make blockchain-based gaming more accessible for both developers and players. More Avalanche games inbound 🎮@farawaygg is building their own custom Avalanche L1, FCHAIN, to support a burgeoning gaming ecosystem of both original games and new games from independent publishers.Amongst Faraway’s…

Cryptocurrency analytics firm QCP Capital has released its latest market report, covering important topics such as the US presidential race, inflation data, and key developments in the crypto market. QCP Capital highlighted the debate between former President Donald Trump and Vice President Kamala Harris as a major event of the week, despite the lack of any discussion on cryptocurrency. Harris, who showcased her extensive legal experience during the debate, received notable support from pop star Taylor Swift, a figure of significant influence. Harris currently has a slight lead in the race, with a slightly above 50% chance of becoming the…

Ethereum’s value is stuck below a serious $2,660 obstacle zone. Traders expect a possible drop if ETH cannot push above this hurdle. Those located at $2,450 and $2,300 could prevent further losses if the selling rate falls. ETH is fluctuating around $2,640 and facing formidable resistance at $2,660. This level is creating a decreasing Order Block, which increases the chance of rejection. If it fails to climb above $2,660, it could retrace to $2,450 or $2,300. Shareholders are paying close consideration since a 4-hour candle close above $2,660 could invalidate the reduction situation and change the financial direction. Rejection at…

TIA has outperformed the CoinDesk 20 Index this month by a large margin. There has been an increase in TIA hedging demand ahead of a Oct. 31 token unlock, Wintermute said. Bearish short positions, likely representing hedging, have been crowded out, funding rates suggest. TIA, the token of data-availability blockchain network Celestia, posted its best monthly gain this year, outperforming the broader market by a significant margin and confounding traders who’d positioned for a drop in the price as the result of a $1.13 billion token unlock due next month. The market-beating 40% surge, the biggest since December 2023, contrasts…

ZKsync, a well-known entity in the zero-knowledge rollup sector, has announced an exclusive update for the Solidity compiler. As per ZKsync, v1.5.6 of the Solidity compiler brings significant performance improvements to ZKsync Era along with supporting solc v0.8.28. The platform took to its official social media account to provide the details of this endeavor. 🏆 New release alert! 🏆v1.5.6 of the Solidity compiler for ZKsync Era! This release focuses on solc v0.8.28 support and performance improvements. If you’re on v1.5.5 or earlier, now’s the time to update! Check out the complete release notes and download the binaries for your… —…

A closely followed crypto strategist believes Bitcoin (BTC) is finally carving a bottom after a six-month correction. Analyst Jason Pizzino tells his 112,300 followers on the social media platform X that he’s keeping an eye on the Fear and Greed Index, which tracks crypto market sentiment over time. Pizzino says that the index has been oscillating between extreme fear and neutral as of late, wiping out market exuberance and trader belief in the crypto bull cycle. “This is how bottoms are formed over many weeks within a bull market. Bitcoin.” Source: Jason Pizzino/X In a video update, Pizzino believes it…

Crypto exchange Kraken announced its successful integration with EigenLayer, enabling its users to restake Ethereum (ETH) directly from the platform, according to an Oct. 15 press release. The partnership aims to simplify restaking, making it more accessible to a broader range of users. Access to the service is currently limited to verified Kraken Pro users at the Intermediate level or above. Additionally, US residents are not permitted to participate due to regulatory reasons. Restaking accessibility Mark Greenberg, Kraken’s Global Head of Asset Growth & Management, noted that restaking has been one of the most significant developments in the crypto space…