Author: NBTC
While Shiba Inu has registered an explosive 69% gain in under 24 hours, on-chain data has shown how whales perfectly timed their entry into the SHIB market just before the rally. Over the past day, Shiba Inu surged beyond the $0.00002 mark in a remarkable rally unseen for many months. Specifically, SHIB climbed from a low of $0.00001266 to a peak of $0.00002142. These figures represent a 69% increase, driven by crypto enthusiasts conducting trades totaling over $4.6 billion SHIB in the last 24 hours. The trading volume spike is noteworthy as it marked a 205% surge compared to the…
The recent surge in the price of Bitcoin (BTC) has injected fresh life into Indian cryptocurrency exchanges, as trading volumes on the top platforms reached a ten-month high in February. CoinDCX, WazirX, and BitBNS, the leading Indian exchanges, recorded trading volumes of $2.6 million, $3.4 million, and $7.8 million last month, respectively, BusinessLine reported, citing data provided by crypto research firm Crebaco. Per the report, these figures represent their highest monthly volumes since June 2023, although they still fall short of the historic peak witnessed in 2021. Increased Demand for Crypto Behind Surge in Trading Volumes The improved sentiment and…
K9 Finance explains how its liquid staking platform can bolster Shibarium’s Total Value Locked (TVL). Shiba Inu lead developer Shytoshi Kusama has called attention to an analysis from Shibarium latest partner K9 Finance regarding how it plans to bolster the network’s TVL. Notably, the analysis was provided by Buzz.Shib, K9 Finance DAO founder, in a recent X post. According to Buzz, the Shiba Inu community has been curious about how the K9 Finance project could impact Shibarium and its official gas token, Bone ShibaSwap (BONE). 👇👇👇👀🧐🫡 https://t.co/tSqU45VnSv — Shytoshi Kusama™ (@ShytoshiKusama) March 1, 2024 BONE Stakers to Earn More APY…
The crypto and NFT gaming space is busier than ever lately, what with prominent games starting to release, token airdrops piling up, and a seemingly constant array of other things happening at all times. It’s a lot to take in! Luckily, Decrypt’s GG is all over it. And if you need a quick way to get caught up on the latest moves around crypto video games, we’re debuting This Week in Crypto Games. Our weekend roundup serves up the biggest news from the past week, along with a few other tidbits you might have missed. We also showcase a few…
El Salvador President Nayib Bukele has continued to taunt international mainstream media in hopes of getting acknowledgment for the country’s Bitcoin (BTC) gains. Under Nayib Bukele, El Salvador became the first country in the world to officially recognize Bitcoin as a legal tender on September 7, 2021. The move at the time was followed by Bitcoin purchases that triggered backlash from various international organizations, including the World Bank. Besides bodies like the World Bank and International Monetary Fund, international mainstream media has always been critical of El Salvador’s move, a trend that has slowed following the visible profitability. Long Wait…
Louisiana has emerged as the 11th state to officially introduce a bill aimed at safeguarding fundamental Bitcoin (BTC) rights. Sponsored by Louisiana State Rep Mark Wright, the bill highlights various protections for Bitcoin users, reinforcing their right to engage with the digital currency ecosystem. The update comes amid the phenomenal Bitcoin price rally beyond $68,000. Louisiana Presents Bill To Safeguard Bitcoin Rights According to a post on X by the CEO and founder of Satoshi Act Fund, Dennis Porter, Louisiana State Rep. Mark Wright recently introduced a bill to preserve Bitcoin rights. Porter stated, “This landmark bill, championed by Mark…
The ongoing recovery trend in the Ethereum coin witnessed a major road at the $4080 level, resulting in an immediate price reversal in the daily chart. Within three days, the ETH price plunged 10% to its current trade at $3666. However, this pullback falling under the safety net of the Fibonacci retracement level indicates the top altcoin is poised for further growth. Also Read: Crypto Market Selloff: Top Reasons Why Bitcoin, ETH, XRP, ADA, SHIB Crash Today Why Ethereum’s Long-term Growth Unhindered by Market Pullback Ethereum Price| Tradingview Since late January, the second-largest cryptocurrency Ethereum has been under aggressive recovery…
Ripple has around 40.1 billion XRP, locked in escrows and not part of the token’s circulating supply. The company unlocks 1 billion tokens monthly and retains a fraction of them for its treasury reserves and sell-offs. Finbold has tracked these unlocks, identifying patterns that affect the asset’s long-term value. On March 1, Ripple unlocked another 1 billion XRP, valued at $630 million, keeping 200 million, consistent with prior months. This amount is now worth roughly $126 million, with each token priced at $0.63 by press time. In particular, the company prepared this month’s selling activity by sending the 200 million…
Tom Lee, head of research at Fundstrat, known as “Wall Street’s Big Bull”, made a new bullish prediction for Bitcoin. Participating in CNBC’s “Last Call” program, Tom Lee said that the Bitcoin price will reach $ 82,000 in the near term. Stating that the long-term target of $ 150,000 for BTC, that is, for the end of 2024, the famous analyst said: “As Bitcoin approaches its all-time high, I think BTC is likely to make a turn towards the long-term trend line at $82,000 in the short term and continue to move towards that level. Afterwards, in the long term,…
Grayscale amended a regulatory filing through which it intends to convert its Ethereum Trust to a spot exchange-traded fund (ETF). The company’s March 15 amendment strengthens its earlier filing in multiple ways. The update supports the argument that surveillance sharing within the CME ETH market is sufficient to protect against fraud and manipulation in the spot ETH market. Grayscale’s latest amendment includes a correlation analysis conducted by Coinbase as evidence of sufficient market correlation. Coinbase found that the CME ETH futures market has been “consistently and highly correlated” with the spot Ethereum market for roughly the past three years. The…