Author: NBTC
Decentralized Finance (DeFi) has grown significantly in the past few years according to total value locked (TVL) and exchanged volume. As of recently, the volume in DeFi has consistently surged to above $10 billion daily, similar to 2021’s bull market. In particular, volume is a solid metric for identifying trends and investors’ interest in the cryptocurrency market or specific sectors. However, volume can spike in atypical days without consistency, which creates false technical indicators. Looking at consistent behavior is crucial when evaluating trends and the market’s momentum. On that note, Finbold retrieved data from DefiLlama on March 17, which shows…
Interestingly, Ethereum founder Vitalik Buterin liked a Tweet he made about “PepeCoin” in 2017 minutes ago today. Vitalik Buterin’in bugün beğendiği PepeCoin Tweet’i. The Tweet in question consists of Avalanche (AVAX) founder Emin Gün Sirer’s humorous approach to Ethereum Classic at that time, and Buterin citing PepeCoin as an example. However, today’s PEPE had not yet been released to the market in those years. PEPE was launched as memecoin about a year ago and has gone through turbulent times. It is not known why Buterin liked this tweet after all these years, but nowadays, memecoins, especially in the Ethereum ecosystem,…
Bored Ape Yacht Club creators, Yuga Labs, are accusing artist Ryder Ripps of contempt of court. In a recent filing, they allege Ripps deliberately destroyed access to his wallets containing RR/BAYC NFTs to avoid complying with a court order. Yuga Labs claims Ripps’ actions were made in “bad faith” and that he misled the court. They are requesting the court punish Ripps for these actions. Request for Sanctions Against Artist Ryder Ripps in Ongoing Legal Battle In a filing last week in a California District Court, Yuga Labs requested sanctions against Ripps for his alleged actions. The company stated that…
Prominent crypto exchange Gate.io has launched a price prediction competition for XRP, calling expert chartists to forecast the asset’s price movement. In a recent post on X, Gate.io called on experts in crypto technical analysis, urging them to answer the compelling question of where XRP’s price is headed. The exchange noted that participants in the XRP value prediction competition can win up to 1 Ethereum token valued at over $3,709. 📣 Calling all TA Experts! Where is #XRP heading? 🤔 Share your Technical Analysis now and win up to 1 #ETH Reward! 👉 https://t.co/QvVZdCcneb #Gateio #TATuesday #TechnicalAnalysis #Giveaway pic.twitter.com/s2MuS0YDtn —…
Bitcoin officially tapped a new all-time high in US dollars on Tuesday, reclaiming its previous record of $69,000 logged on November 10, 2021. The new milestone takes Bitcoin’s market cap to over $1.35 trillion, now equal to that of the entire global supply of silver. Bitcoin’s price has skyrocketed since the launch of several U.S. Bitcoin spot ETFs in January, which made spot BTC a possible investment option for a swath of institutional buyers that couldn’t hold the cryptocurrency directly. The asset’s Tuesday rally began when the U.S. stock market opened at 9:30 am ET– a growing trend as ETFs…
In a thrilling plot twist witnessed recently, XRP, a cryptocurrency backed by Ripple Labs, birthed a torrent of speculative buzz among crypto market enthusiasts across the globe as Ripple locked massive amounts of coins in escrow. Data unveiled by the blockchain tracker Whale Alert suggested a staggering 800 million XRP locked in escrow today over a series of three transactions. Meanwhile, as these transactions surfaced within the broader crypto market, pro-XRP lawyer Bill Morgan added valuable insights, orbiting the change in sentiment for Ripple’s escrow locks. The Ripple-backed cryptocurrency traded in the green as of press time, falling in line…
Hong Kong’s markets regulator warned the public about the crypto exchange ByBit and several of the products it offers to investors. The SFC said investors risk losing their entire investment and that it will not hesitate to take enforcement action. Hong Kong’s markets regulator added Bybit to its list of suspicious cryptocurrency exchanges on Thursday, and placed several of the crypto exchange’s products on its suspicious investment products list. The Securities and Futures Commission (SFC) also warned the public that Bybit is unlicensed. “Investors may risk losing their entire investment,” the regulator said in an email to CoinDesk. “Seeking recourse…
Unsurprisingly, following today’s futures listing, cryptocurrency exchange Binance also listed memecoin BOOK OF MEME (BOME) on the spot market. A few hours ago, Bybit listed BOME on the spot market, but Binance was content with listing it in futures. Considering the increasing popularity of the altcoin, Binance’s spot listing was not delayed. However, it is noteworthy that BOME, a Solana-based memecoin that emerged only two days ago, exceeded the market value of $ 1 billion in such a short time and was so successful as a memecoin despite being SOL-based. Until now, Memecoins have generally been issued on the Ethereum…
Large Bitcoin holders continue to build their position even as BTC nears an all-time high. The price of Bitcoin is now whiskers away from the previous $68,790 high reached in 2021. Yet, according to on-chain data, many of the cryptocurrency’s biggest holders are still accumulating more tokens. In the past seven days, large Bitcoin holders or whale addresses have added 4,177 BTC (approximately $279 million) to their positions. These purchases have come amid Bitcoin’s jump from around $62,000 to $68,000, indicating that investors still favor higher prices in the coming months. Large Bitcoin holders increased their holdings by 4177 $BTC…
Charles Hoskinson, the founder of Cardano, the eighth largest cryptocurrency by market capitalization, has publicly expressed his support for John Deaton, a lawyer and XRP advocate running for the U.S. Senate seat in Massachusetts. Hoskinson’s backing is unusual, as he is well known for his focus on Cardano and cryptocurrency in general, as seen by his tweets. card Also, given the frothy relationship between the Cardano founder and the XRP community, the support for the XRP holders’ attorney might come as a surprise. I’m supporting @DeatonforSenate against Senator Warren. We need people who value and support our industry representing us…