Author: NBTC

Twelve cryptocurrencies will unlock nearly $300 million in previously non-circulating supply this week, raising concerns as sales could intensify. Among these unlocks, three projects alone will release over $220 million, to which traders and investors should give special attention. The cryptocurrency investing game has changed in the past few years, highly weighted toward venture capitalists (VCs) and vesting contracts. With that, scheduled token unlocks gained increased importance in this market’s dynamics as they can directly pressure prices downwards. In the next seven days, twelve cryptocurrencies will unlock $291.59 million, of which 75% will come from three projects. Finbold retrieved this…

Earlier, many experts predicted that the fourth quarter of 2024 would be a highly favorable period for the cryptocurrency sector, especially for the top two cryptos, Bitcoin and Ethereum. A recent post on X by an expert, identified as Ether Nasyonal, gives more clarity to the Q4 crypto bullish prediction. Let’s hear what he has to say! Bitcoin’s Historical Bull Cycles In his X post, Nasyonal clearly explains when exactly can the Bitcoin market expect a mega bull run. As per his analysis, nearly 670 days post the major bottom of a market cycle we can expect a mega bull…

Renzo (REZ) introduces an innovative liquid restaking protocol that aims to streamline the staking process for users. By partnering with EigenLayer node operators and Approved Validators (AVS), Renzo provides a user-friendly platform, allowing participants to stake without facing intricate technical challenges. The recent launch of ezETH enhances liquidity, enabling users to engage in staking while retaining access to their assets. Contents hide 1 What Benefits Does Renzo Offer? 2 How Does ezETH Enhance Staking? What Benefits Does Renzo Offer? Renzo’s primary objective is to make staking more approachable for everyone. By simplifying the complexities that typically accompany staking, it invites…

Ethereum enters the $2.6K range, over the past 24 hours. The Monochrome Ethereum ETF (IETH) began trading on the Cboe Australia exchange. The largest altcoin, Ethereum (ETH), has briefly recovered from the significant downside pressure. The asset’s price remains caught between crucial resistance levels; it recently surged to the $2.6K range. Notably, over the past 24 hours, ETH witnessed a moderate spike of 3.13%. At the press time, ETH traded at $2,617 with a market cap of $314 billion. Over the day, ETH recorded the lowest price at $2,529 and the highest at $2,652, as per CMC data. The market…

According to data provided by XRPL validator Vet, a whopping 99% of the entire supply of the RLUSD stablecoin has been generated in a single day. A total of 800,000 RLUSD tokens have been minted over the last 24 hours. The data from the X social media account that tracks RLUSD transfers shows that the latest mint of roughly 100,000 took place about eight months ago. The uptick in the minting process likely indicates that the project is closer to launch. Ripple’s stablecoin was originally announced back in April. The company started beta testing the new product in August. The…

The dYdX Foundation has announced the official launch of the Trump Prediction Market Perpetuals on its decentralized platform. This new market offers traders an innovative opportunity to apply advanced order types and leverage on the chances of Donald Trump winning the 2024 U.S. Presidential Election. The feature has quickly attracted attention due to its blend of politics, financial speculation, and cutting-edge decentralized finance (DeFi) technology. The Trump Prediction Market Perpetuals were introduced following a governance proposal by the dYdX community, which was approved on October 9th. This market enables users to take trading positions on the outcome of the 2024…

In a crucial market movement, pump.fun has sold a huge amount of $SOL. As per Lookonchain, a prominent on-chain analytics provider, the fee account of pump.fun has reportedly sold $SOL with a value of $18M in the recent 5 days. The analytics company provided the details of this event on its official social media account. The https://t.co/DrKlYnPPqY Fee Account sold 122,250 $SOL($18.9M) again in the past 5 days!https://t.co/DrKlYnPPqY has generated total revenue of 773,617 $SOL($120.68M) and has sold 398,313 $SOL($62.13M) at an average price of $156 so far.https://t.co/8Jozj9QYlc pic.twitter.com/OUm808bBIG — Lookonchain (@lookonchain) September 29, 2024 The Fee Account of pump.fun…

ChainGPT Labs has recently announced a thrilling partnership with DEXTools. The collaboration between ChainGPT Labs and DEXTools focuses on releasing DEXT Pad, an advanced forum for top-tier Initial DEX Offerings, providing transparency and more accessibility for investors to interact with prominent DeFi projects. The platform took to its official X account to reveal this development. 👀 Big collaboration news!We’re joining forces with @DEXToolsApp to launch @DEXTPad, the ultimate launchpad for tier 1 IDOs! 👀With DEXTools’ massive community and reach to millions of users from their ecosystem, combined with our advanced tech, we’re creating the best… pic.twitter.com/SAr3EBuJzB — ChainGPT Labs (@ChainGPT_Labs)…

In a recent discussion regarding the future of programmability on XRP Ledger (XRPL), Evernode co-founder Scott Chamberlain proposed a new approach involving Hooks and a new token, Codii, to enhance transaction functionality. The aim is to allow smart contract execution on XRPL while maintaining manageable costs for users. Chamberlain’s proposal introduces two key elements. First, Hooks — a flexible, low-cost system proven to support decentralized applications, such as Evernode. The system automates tasks like registration, reputation scoring and governance for network hosts, offering a seamless solution for transaction execution. Second, Codii — a native token minted from locked XRP and…

As the saga and long shadow of FTX continues to dominate crypto discourse, the recent news that the long-awaited bankruptcy distribution had been approved was – justifiably so – a headline generating event. Nearly 2 years after the implosion of the exchange and 1 year after the conviction of Samuel Bankman-Fried on criminal charges, the unlocking of between $14 and $16 billion from the bankruptcy estate has market analysts revising price targets upwards. With reports that 98% of FTX creditors will receive approximately 119% of allowed bankruptcy claims there is understandable optimism for what these distributions will mean for the…