Author: NBTC

Bitcoin’s overnight pullback from record highs has normalized funding rates in the crypto perpetual futures market. The market could continue to cool in the coming weeks, one observer said. Bitcoin’s (BTC) overnight pullback from new record highs has cleared out excess leverage from the market, normalizing funding rates in the crypto perpetual futures market. The leading cryptocurrency by market value fell 10% to $59,700 after reaching a new lifetime high above $69,000. The correction led to the forced closure of $1 billion worth of leveraged perpetual futures bets across digital asset markets. The CoinDesk 20 Index (CD20), a broader market…

Radix, a pioneering full-stack layer-1 smart contract platform, has launched Project Ignition this week, an initiative aimed at injecting liquidity into its DeFi ecosystem. The project, which boasts $10 million in liquidity incentives, is set to redefine the DeFi landscape by offering lucrative opportunities for participants and amplifying the scalability of strategies within the ecosystem.—Through strategic partnerships with prominent liquidity pools like CaviarNine, DeFiPlaza, and Ociswap, Project Ignition incentivizes liquidity providers by offering an equal amount of XRD tokens for every $1 in wrapped assets (xUSDC, xUSDT, xwBTC, or xETH) added to the participating pools. With the potential to double…

With the deadline for a decision on the approval of a spot ether ETF by the U.S. Securities and Exchange Commission (SEC) approaching, industry experts are weighing the potential uptake of such a fund. Some say investing in an ether ETF wouldn’t make sense as such funds won’t likely allow staking reward distribution. Investors, they argue, would thus be better off buying and staking their own ether (ETH). But VanEck, the global investment firm whose Bitcoin Trust (HODL) is among the 10 spot bitcoin ETFs that became available earlier this year, thinks an ether ETF could attract huge demand. “From…

The cryptocurrency market has witnessed a significant surge, with Bitcoin breaking through the $65,000 resistance barrier. Amid this bullish momentum, three emerging digital currencies are catching the eyes of investors, aiming to surpass Bitcoin’s growth in March. These cryptocurrencies are Jupiter (JUP), Jito (JTO), and SEI, all showing promising market trends. Jupiter (JUP) Jupiter (JUP), the leading liquidity aggregator on the Solana network, is renowned for its extensive token offerings and superior route discovery for any token pair. With a commitment to delivering an unparalleled user experience and innovative dollar-cost averaging (DCA) tools, Jupiter has introduced the Jupiter Work Groups…

A program allowing USDC holders to receive incentives of up to 10% has been launched. The news caused the HOOD stock price to rise over $19. More than 25 cryptocurrencies are now available on Robinhood’s platform, thanks to the recent addition of Circle issued USD Coin (USDC) by Robinhood’s European division. Plus, a program allowing USDC holders to receive incentives of up to 10% has been launched by the crypto exchange. In addition, today’s pre-market session saw a roughly 12% rally in Robinhood stock. The listing of USDC stablecoin was revealed by the Robinhood EU branch in a post on…

While Bitcoin, the leading cryptocurrency, crowned its rise in recent weeks by reaching its previous ATH of $69,000, it could not exceed this level. Later, BTC continued its decline yesterday evening and reached the $ 59,000 level. While Bitcoin continued its fluctuating movements in the range of $60,000-$69,000, its investors were excited. Now, while investors are wondering whether the decline in BTC will continue, an assessment has come from QCP Capital analysts. At this point, analysts stated that BTC reached its all-time high of $ 69,300 on some exchanges yesterday evening, but from this level, BTC fell sharply to $…

In a move that promises to reshape the landscape of decentralized finance (DeFi), Waves has announced a groundbreaking partnership with Lumia. This collaboration heralds a new era of liquidity within the Waves ecosystem. Moreover, it offers developers and users unprecedented access to real-time liquidity from centralized exchanges. 💪Waves & @TradeOnOrion team up to streamline DeFi development within the upcoming Layer 0 EVM chain!By integrating Lumia’s liquidity layer into dApps, users gain access to real-time prices & the deepest liquidity without common barriers to LP sourcing🚀https://t.co/hGVSc4q7vV pic.twitter.com/dkqKYLfCCQ — Waves 🌊 (@wavesprotocol) March 15, 2024 Lumia’s Liquidity Solutions Transform Waves DEX Experience…

Ethereum price is declining from the $4,080 zone. ETH is now approaching a major support at $3,500 where the bulls might take a stand. Ethereum started a downside correction from the $3,080 zone. The price is trading below $3,800 and the 100-hourly Simple Moving Average. There is a key bearish trend line forming with resistance at $3,850 on the hourly chart of ETH/USD (data feed via Kraken). The pair could resume its increase if it clears the $3,850 resistance zone. Ethereum Price Dips Ethereum price failed to stay above the $4,000 resistance zone and started a downside correction, like Bitcoin.…

Popular blockchain sleuth Whale Alert, which tracks down large cryptocurrency transfers, has detected almost a dozen massive Dogecoin transactions on the largest U.S.-based cryptocurrency exchange, Coinbase. These transfers were worth tens of millions of U.S. dollars, indicating an increase in DOGE whales’ activity around this platform. However, even more DOGE was sent to and from Binance – seven times that amount. Nearly half a billion DOGE was deposited to Robinhood. All this whale activity increased drastic ally, while the Dogecoin price has staged a 31.61% increase over the past 24 hours. Earlier today, the original meme cryptocurrency soared to the…

Binance said Nigeria is not one of its top markets amid recent issues with authorities in the African country. In a March 13 statement, the exchange revealed its extensive cooperation with local law enforcement agencies to promote the responsible growth of crypto in Nigeria. Over the past weeks, Binance and the Nigerian authorities have been engaged in an acrimonious dispute over its operations in the region. The conflict reached a boiling point when authorities accused Binance of manipulating the local fiat currency, leading to the detention of two senior executives from the exchange. Nigeria matters, but it is not a…