Author: NBTC

Bitcoin ($BTC) rose strongly to a remarkable $67,036, making up 58.2% of the total cryptocurrency market share. Thus, a market capitalization of $2.283T and 24-hour trade volume of $44.883B reflect stable investor interest in Bitcoin. This dominance solidifies Bitcoin’s role as a market driver while other assets show mixed performance. Daily Summary on October 27, 2024$AERO $GOAT $KAS $RUNE $JUP $ETH $BTC $SOL $NEIRO $GOAT#dailysummary #DeFi #Crypto pic.twitter.com/T7CL1zViQP — PHOENIX – Crypto News & Analytics (@pnxgrp) October 27, 2024 Ethereum and Bitcoin Steady Amid Mixed Crypto Market Movements Ethereum ($ETH), meanwhile, remained stable at $2,465, holding a 13% market dominance.…

The dYdX Foundation has announced that the community has approved a key proposal to implement a revenue-sharing mechanism. The proposal, passed on Nov. 15, allocates 50% of protocol revenue to the MegaVault and 10% to the Treasury SubDAO. According to the dYdX Foundation, the expedited vote saw a turnout of 76.99%, with over 155 million DYDX representing 89% of the vote in favor. dYdX’s holders voted on the proposal a few weeks after research and software engineering solutions provider nethermind published it in the community forum on Oct. 22. Targeted ecosystem aspects include DYDX tokenomics, and protocol competitiveness. It’s omplementation…

Ethereum’s recent price movement has shown a decline following a rally, even after ETH Whales made a comeback and Bitcoin reached a new all-time high. While ETH had gained momentum alongside the broader market surge, this recent drop could hinder a significant shift in Ethereum’s price trajectory, raising questions about its short-term outlook. Ethereum Whales Aren’t Strong Enough Ethereum whale activity has spiked, with transaction volume reaching over $13.8 billion, a three-month high. This uptick signals renewed interest from large wallet holders, a group that significantly influences ETH’s price trends. Such whale participation often leads to short-term surges in Ethereum’s…

It’s been a busy week for crypto M&A — a signal the post-election sentiment shift could be a catalyst for even more such deals. Architect Partners founder Eric Risley noted that crypto regulatory uncertainty in the US has put a damper on M&A activity, given the country’s “outsized influence” on that front. But Donald Trump’s election victory has spurred crypto price momentum, in part due to industry expectations around greater regulatory clarity and a less antagonistic approach to the segment. “It’s frankly too early to have a clear vision as to exactly what those regulations will look like or timing,”…

Thousands of election-themed memecoins have been created on Ethereum and Solana over the past 24 hours. Memecoins issued in line with real-world events have historically been associated with scams and rug pulls. The Donald Trump-themed MAGA token topped a $150 million market cap following a surge in volume. While the U.S. election has directed investor focus to bitcoin (BTC) and the Polymarket betting platform, the murky memecoin market is also heating up, with thousands of election-themed tokens being created over the past 24 hours. According to Dextools, more than 40 tokens referencing presidential candidate Donald Trump were issued on the…

Earthlings, a Web3 gaming platform, has officially launched ‘STEAM RUNNER’, a Play-to-Earn (P2E) mobile game. The new game rewards players with the $STEAM token for their achievements on iOS and Android. Designed to maintain community engagement and attract early players, this game is an engaging add-on while the full Earthlings game continues developing. We’re excited to announce the launch of STEAM RUNNER from @earthlingsland, a Play-to-Earn (P2E) mobile add-on game that enables gamers to earn the STEAM token on the @Hedera network 🌎 pic.twitter.com/5XdkOjHtw6 — HBAR Foundation (@HBAR_foundation) November 15, 2024 The $STEAM token, powered by the Hedera network, is…

Bitcoin price held steady at around $68,000 on Monday morning as global tensions eased following the mild Israeli retaliation against Iran and as odds of Donald Trump winning next week’s general election rose. The coin has soared by almost 30% from its lowest level in September. October and November are Bitcoin’s strongest months Bitcoin’s recovery could continue because October and November are its strongest months in the market. Data by CoinGlass shows that Bitcoin’s average return in October since 2013 was 21%. Its November returns have averaged about 465. The other top months for the coin are in February, March,…

Bybit is expanding yield opportunities for holders of its liquid staking token, bbSOL, by integrating several decentralized finance ecosystem. The crypto exchange, the second-largest globally by trading volume, announced the initiative on Nov. 15, highlighting new DeFi yield opportunities made possible through strategic partnerships According to the press release, Bybit is collaborating with platforms such as RateX, marginfi, and Save to bolster bbSOL, which recently reached an all-time high of $230 less than three months after its launch. You might also like: Bybit expands compliance with VASP license in Georgia Bybit has partnered with leveraged yield exchange RateX to introduce…

Ethereum faces struggles but continues to show promise due to growing adoption. Institutional interest in Ethereum remains strong despite its current challenges. Ethereum’s technical indicators suggest a positive future as its network use increases. Ethereum has faced difficulties in 2024, showing a 17% decline against Bitcoin . Despite these setbacks, the token’s role in the blockchain economy remains strong, supported by its growing community and continued development. So the question is, is Ethereum undervalued, or are the challenges it faces keeping its value down? Ethereum’s Struggles and Network Performance Ethereum deals with several issues that affect its performance in the…

Bitwise Asset Management announced that NYSE Arca has filed to list the Bitwise 10 Crypto Index Fund (BITW) as an exchange-traded product. The $1.3 billion publicly traded trust currently trades on the OTCQX Best Market. “Bitwise believes that ETPs are among the most efficient, convenient, and useful vehicles for providing crypto exposure,” said Bitwise CEO Hunter Horsley. “We remain committed to converting BITW to an ETP.” The conversion to an ETP structure offers significant benefits for shareholders, including improved efficiency, regulatory protections, and an arbitrage mechanism. This will allow the fund to trade more closely to its Net Asset Value…