Author: NBTC
Leading crypto intelligence platform IntoTheBlock provides an insight into the widespread accumulation of Shiba Inu (SHIB) over the past month. According to data shared by IntoTheBlock’s pseudonymous content creator “Slim Daddy,” short-term investors boosted their Shiba Inu holdings by adding 64 trillion SHIB tokens in the past 30 days. In the past 30 days, short-term Shiba Inu owners have increased their holdings by a staggering 64 trillion $SHIB. According to insights from @intotheblock utilizing the Balance by Time Held metric, Shiba Inu traders with holdings spanning less than a month have seen a… pic.twitter.com/LGtwHkRo6T — Slim Daddy◻️𓃵 ₿ (@felixreads) March…
Alexander Leishman, the co-founder and CEO of River Financial, is a prominent figure in the cryptocurrency landscape, particularly known for his contributions to making Bitcoin more accessible and understandable to investors. River Financial, under Leishman’s leadership, operates as a Bitcoin-centric financial institution, offering brokerage services that enable users to buy, sell, and securely hold Bitcoin. The firm distinguishes itself by focusing solely on Bitcoin, emphasizing security, regulatory compliance, and a seamless user experience aimed at long-term investors. On March 2, Leishman explained on social media platform X, why over half of River Financial’s treasury is held in Bitcoin. This strategic…
This week’s non-fungible token (NFT) sales have taken another nosedive, intensifying the downtrend that began with a 16.55% decline from March 9 to March 16, 2024. The last seven days have witnessed an even steeper drop, with NFT sales plummeting by 18.57%. Cryptopunk #7,804 Shines in a Week of Falling NFT Sales In line with the broader cryptocurrency landscape, NFT transactions have experienced a dip, plunging 18.57% to a total of $290.51 million. The leading five blockchains, gauged by the week’s total sales, all reported declines. Ethereum was at the forefront with NFT sales amounting to $107.21 million, albeit a…
The ETHBTC chart is often overlooked, but this “hidden” chart might be your best bet for finding volatility growth cycles. What makes this chart special is its ability to signal incoming volatility swings on the market. When ETHBT goes up, it is often a sign that money is flowing into Ethereum’s network. This influx is not just idle cash; it is active, it is chasing after returns and it is often poured into Ethereum’s DeFi, leveraged trading platforms and meme coins. These sectors are notorious for their high-stakes, high-reward nature, which naturally brings in more volatility. Looking at the chart,…
Shiba Inu addresses holding at least $1 million worth of the asset have increased in number to 1,319 despite the drop to $0.00002740. The broader cryptocurrency market has witnessed a pause in the ongoing bull run, with prices facing consolidation following a widespread collapse. Shiba Inu’s price movements have aligned with market dynamics, as the asset continues to trade between $0.000023 and $0.000028. SHIB’s consolidation follows the massive slump from the $0.000045 high on March 5. However, despite the asset trading at a current price of $0.00002740, marking a 39% from the recent peak, Shiba Inu addresses worth at least…
Bitcoin has seen record high demand. According to CryptoQuant’s Julio Moreno, there was a net inflow of 54,600 BTC on March 1 into Bitcoin hoarding addresses, which are addresses that only receive Bitcoin and do not spend any money. Thanks to this amount, the record for the highest entry in a single day was broken. However, according to the analyst, the rapid increase in prices has caused some indicators to point to an overheating phase. The Bitcoin bull-bear market cycle indicator pointed to an overheated bull phase when prices reached $60,000. This phase, often referred to as the ‘red area’,…
While there is consensus that US spot ether ETFs are coming, most industry executives agree regulatory deliberation is set to stall approvals in the near term. The Securities and Exchange Commission is expected to rule on such product proposals by May 23 after delaying their decision on several of the applications. “I’m 100% sure that it gets approved; I’m not 100% sure when,” CoinFund president Christopher Perkins told Blockworks. “It’s a travesty that we don’t have more regulatory certainty beyond that.” When the SEC approved spot bitcoin ETF products in January, Chairman Gary Gensler said in a statement the action…
The much anticipated automated market maker (AMM) feature is live on XRP Ledger (XRPL), and accompanying it are liquidity pools that show fast-growing embrace of the new feature. According to an update from XRPScan, these liquidity pools have surpassed the 1,000 milestone with a wide-ranging list of assets hosted in private pools. Per the data, one of the biggest liquidity pools features the XRP/XCASH pair with the AMM account identified as “rUCLr….ABx6D” and a balance of 273,184,692.307334 LPToken. The innovations ongoing in XRP Ledger with the launch of the AMM feature underscores the long-term yearning for this product. AMM is…
After Bitcoin (BTC) reached its last all-time high of nearly $69,000, a significant portion of the market has increasingly viewed the $100,000 level as the next potential milestone for the maiden cryptocurrency. With Bitcoin presently trading above the $60,000 support zone, discussions surrounding the $100,000 target have resurfaced, with some market participants projecting that this milestone could be achieved in 2024. In this context, crypto trading analyst Gareth Soloway has identified a crucial catalyst that could propel Bitcoin to the targeted mark. During an interview with David Lin published on March 2, Soloway stressed the importance of monitoring market liquidity,…
It came to light yesterday that the U.S. Securities and Exchange Commission (SEC) is likely looking to reclassify Ethereum’s native token, ether (ETH), as a security. Not everyone believes this to be the case, and so far the SEC has deferred answering definitively on whether there is an ongoing probe — just like how the agency has punted the can on saying definitively that ETH is or isn’t a security. This is an excerpt from The Node newsletter, a daily roundup of the most pivotal crypto news on CoinDesk and beyond. You can subscribe to get the full newsletter here.…