Author: NBTC

Polymarket surpassed records for trading volume and active users in September despite a drop early in the month. US election bets have dominated this success, but Polymarket may be launching a new token for long-term gains. Polymarket is reportedly seeking $50 million in investment capital to fund this token. Polymarket’s Winning September Polymarket, the prominent blockchain betting platform, broke several records this September. Although Polymarket saw a significant drop in the middle of the month, it recovered with impressive milestones. Trading volume increased to $533.31 million, and active users grew 41% from August to over 90 thousand. Several factors are…

Base’s TVL grew steadily, with bullish network activity increasing transaction volumes. DEGEN memecoin surged in price and holders on Base network. The Base ecosystem, Coinbase’s Layer 2 network, had a standout month, with several tokens recording triple-digit gains over the past 30 days. Among these, AERO gained attention with its impressive 184,000 holders, more than double that of its main competitor, ALB. Memecoin DEGEN, however, stole the spotlight, boasting the highest number of holders with a staggering 760,000 addresses, reports prominent data aggregator, intotheblock. The Base ecosystem had a strong month, with several tokens posting triple-digit gains in the past…

A well-known gold advocate and Bitcoin critic Peter Schiff recently pointed out that gold has reached yet another record high. However, Schiff claims that because of their attention on Bitcoin the majority of investors are still mainly ignorant of this important factor. He contends that investors are being blind to the way gold has performed and the important signal it is providing—that monetary policy is too loose and inflation is about to spike higher. However a large portion of the market is now interested in Bitcoin. The price of the cryptocurrency has been falling within a channel despite attempts to…

Venture capitalist Ben Horowitz, who previously backed former President Donald Trump’s re-election bid, is now planning to make a “significant” donation to Vice President Kamala Harris’ presidential campaign. Axios got the scoop on the about-face, which comes just months after Horowitz and his business partner, Marc Andreessen, made the case in a YouTube video that Trump was the best bet for the tech industry, including cryptocurrency. At that time, President Joe Biden was still running for re-election. “It’s been tough,” Andreessen said in July. “This has been a brutal assault in a nascent industry that I’ve just… I’ve never experienced…

Popular cryptocurrency tracker Whale Alert has traced several large XRP transactions over the last day, noticing massive XRP withdrawals from the world’s top crypto exchanges. All-in-all, slightly more than a quarter of a billion XRP has been shoveled mysteriously from these crypto trading platforms by anonymous crypto whales. Big XRP outflows hit top exchanges The aforesaid data source spotted seven large XRP transactions that have taken place over last 24 hours on the XRP Ledger. Since the majority of them featured a large cryptocurrency exchange, this is indicative of XRP whales increasing their activity as they seem to be buying…

As Bitcoin surged past the $64,000 level early Monday, marking a 10% increase over the past week, analysts have pointed to an array of catalysts fuelling the momentum. They range from last week’s Fed interest rate cuts and increased demand for Bitcoin ETFs to bipartisan political support. Even if the reasons differ, analysts seem to agree they’ll drive a rally and set the stage for even higher prices in the months ahead. Bitcoin (BTC) is trading at $63,520, up 1.2% in early European trading hours and about 10% over the past one week. Ethereum (ETH) is trading up 2.4% at…

The upcoming data is essential in understanding the inflationary pressure in the economy. On October 10, traders will be eagerly watching the publication of the US CPI statistics. The cryptocurrency market is holding its breath until later this week when the US Consumer Price Index (CPI) data is revealed. After the dismal US job statistics dampened market confidence, investors would be watching the data attentively since it is essential to understanding the inflationary pressure in the economy. The US Federal Reserve may not drop interest rates by 50 basis points (bps) at their next meeting, as expected, because of stronger-than-expected…

According to recent on-chain data, whale activity has been declining for Shiba Inu. Whales have transacted $26.6 trillion worth of SHIB tokens in the last day, indicating a gradual decline in the market power of these significant holders. IntoTheBlock data shows a sharp decline in the number of large transactions, with just 129 transactions recorded as a seven-day low. When compared to the seven-day peak of 383, large transactions that occurred on Oct. 1, this decline is noteworthy. A discernible decline in whale activity was evident in the volume of SHIB’s large transactions, which fell from 8.27 trillion on Oct.…

The crypto market Fear and Greed Index now sits at a neutral value of 51, signaling that the market could swing either way in the near future. Investors may need to prepare for increased volatility, which could be either bearish or bullish. This Index, a key tool developed by Alternative.me, helps analysts gauge overall market sentiment. When the sentiment turns neutral, the chances of an uptrend or a downtrend are roughly equal, suggesting that buying and selling pressures are balanced. The Index ranges from 0 to 100, with 0 representing extreme fear and 100 indicating extreme greed in the digital…

An unknown on-chain anomaly has hit Shibarium, a layer-2 blockchain rollup designed for the ecosystem around the popular meme-inspired Shiba Inu (SHIB) cryptocurrency. According to data from Shibariumscan, the average price of gas on Shibarium skyrocketed over 2,777% in the last 24 hours. The metric, which tracks the average price (gwei) per unit of gas spent on a transaction on the Shibarium network, shows that this number has skyrocketed to 275.5 gwei, even though it was only worth 9.94 gwei the day before. The spike in transaction numbers may be related to an increase in network activity. However, this is…