Author: NBTC
Netherlands-based crypto derivatives exchange D2X has secured $10 million in a funding round led by Point72 Ventures to double down on its presence in Europe. Crypto derivatives exchange D2X has announced the successful closure of a $10 million Series A funding round led by Point72 Ventures in addition to other investors like GSR Markets. Although the company’s valuation following the funding was not disclosed, a spokesperson for D2X informed crypto.news that the funding will facilitate the exchange in “attracting liquidity, developing new features, and business development primarily in the EU.” “Point72 being a U.S. investor and leading the funding round…
Quick Take The Bitcoin derivatives market is witnessing explosive growth. Data from CoinGlass reveals that the Bitcoin open interest, measured by the total amount of funds committed to open futures contracts, has soared to 484,000 BTC, a peak not seen since August 2023. This marks a roughly 20% increase since the onset of February 2024. The CME Group claims a significant share of this action, with 143k Bitcoin held in futures open interest contracts, an all-time high representing 30% of the overall futures open interest market. This surge implies an elevated activity within the futures market. The perpetual funding rate…
Bitcoin price fell to as low as US$65,000 after trading around its all-time high throughout the week but sales volume of the network’s non-fungible tokens (NFT) stole the spotlight on Friday. Bitcoin emerged as the top blockchain for NFTs over the past 24 hours, recording over US$22.2 million, as of 1:40 p.m. ET. This represents an increase of 76.04% from the previous day’s sales of US$12.6 million. The number of NFT transactions also rose by 19%, from 5,744 to 6,835, indicating a surge in activity on the Bitcoin blockchain. Following closely behind Bitcoin are Ethereum and Solana, which ranked second…
The 120,000 ether deposited was acquired in February, when ETH was worth around $2,800. Ether.Fi is nearing $3 billion in TVL ahead of its governance token release later this month. A wallet tagged as belonging to Tron founder Justin Sun deposited 120,000 ether (ETH) worth $480 million to liquid restaking protocol Ether.Fi, according to blockchain data. The protocol, which raised $23 million last month ahead of announcing the release of its native token, is now nearing $3 billion in total value locked, DefiLlama data show. Ether.Fi also recently announced a $600 million deal with the Omni Network to help secure…
The financial markets have witnessed an influx into both cryptocurrency funds and US equity funds. Strategists at Bank of America, utilizing data from EPFR Global, have reported that for the week ending March 13, there was a notable surge in investments, marking a historic period for asset allocations. ❖ US stocks, crypto funds attract record weekly inflows: BofA Strategists at Bank of America led by Michael Hartnett have observed a significant movement of funds across various asset classes for the week ending March 13. The spotlight this week was on U.S. stock funds, which… — *Walter Bloomberg (@DeItaone) March 15,…
The XRP Ledger (XRPL) witnessed a massive spike in the XRP burn rate amid a price surge that saw XRP breach the much-coveted $0.65 price territory. The broader crypto market saw a resurgence of bullish momentum, and XRP was not left out in the rally. XRP began March below the pivotal $0.60 level, changing hands at $0.5868. Nonetheless, the token quickly broke through major resistance levels to close on March 1 at $0.6013. This slow but gradual price uptick spilled into March 2, resulting in a surge to a high of $0.6501, as XRP recorded one of its most bullish…
Coinbase introduces VeChain (VET) to the German market, expanding crypto accessibility. VeChain’s sustainability focus, VeBetterDAO, attracts attention, driving community engagement. Testnet launch of VeBetterDAO offers airdrop campaigns, fostering user participation. Coinbase, one of the world’s leading cryptocurrency exchanges, has expanded its offerings to Germany by adding VeChain (VET) and several other digital assets to its platform. The move comes amidst growing anticipation within the VeChain community for a significant surge in VET’s value, fueled by the project’s sustainability-driven initiatives. VOXEL, BIGTIME, TIA, HONEY, ONDO, ZETA, AERO, VELO, STRK, MOBILE, and VET are now available to Germany residents. — Coinbase Assets…
Open interest (OI) in Bitcoin futures and perpetual pairs on centralized exchanges (CEXs) have surged to a historic high following BTC unwavering rally to levels not seen since November 2021. According to Bitfinex’s latest weekly report, OI for Bitcoin futures and perpetual pairs reached $26 billion, surpassing the previous record of $24 billion set in Q4 2021. This rise signals growing investor confidence in a pre-halving rally pushing BTC price to and beyond its 2021 ATH of $69,000. Bitcoin Open Interest Surges Open interest for Bitcoin futures and perpetual pairs represents the cumulative value of all unsettled Bitcoin futures contracts.…
Known for adorable memes, its own cutesy language, and massive monuments to beloved pets, the multi-billion dollar ecosystem of Shiba Inu-themed meme coins is generally a place of cuddly cohabitation. But recent tensions between users in the Solana ecosystem—home to the exploding Dogwifhat (WIF) meme coin—and owners of the real-life South Korean dog who inspired the token may have created some trouble in pet paradise. On Thursday, a South Korean Instagram user announced that the Shiba Inu featured in the “Dogwifhat” meme, named Achi, was in fact their pet—and that to celebrate the dog, they planned to auction an NFT…
Ethereum price in the past month has generated billions of dollars in profits for its investors, following a 56% rally. However, this will most likely be paused as the bull market has reached its saturation point, and ETH will begin a decline while the market cools down. Ethereum Market Top Confirmed Ethereum price could be seen trading at $3,921 at the time of writing. The second biggest cryptocurrency in the world has grown by 56% in the past month, rising from $2,500 to trading price. In doing so, the ETH in circulation also became profitable, and with the digital asset…