Author: NBTC

Solana’s on-chain trading ecosystem is generating surprisingly high revenues. That’s because of the network’s unique architecture and the possibilities it affords traders. As a sector in its own right, Solana trading-linked activity is the third most profitable financial category in crypto, behind stablecoins and layer 1s. There’s a lot of money to be made in providing infrastructure for Solana on-chain markets. That’s according to David Duong and David Han, head of institutional research and institutional research analyst at crypto exchange Coinbase, who made the case in a Friday report that, if one looks at Solana’s on-chain trading ecosystem as a…

On November 8, the administrator overseeing FTX’s bankruptcy filed more than 20 new lawsuits, ramping up legal actions against several entities. These lawsuits indicate a concerted effort by FTX to recover assets from multiple companies and individuals. Since November 2022, the FTX Debtors have filed 51 adversary actions, with 30 of them occurring in recent weeks. FTX Targets $1 Billion in Losses With New Lawsuits According to documents from the FTX bankruptcy docket, most of the latest filings address various claims, including political contributions, the defunct exchange philanthropic efforts, investments, and allegations of market fraud and manipulation. “FTX is going…

Bitcoin bull run is now underway, with prices soaring to a new all-time high of over $81,800. However, WazirX users are left out of this rally due to the exchange’s restructuring. Many users have criticized WazirX for not compensating creditors fully despite resuming trading. The platform plans to share fees from new trades with creditors and has recently introduced a Rebalancing Calculator. WazirX users not part of the Bitcoin upside Bitcoin’s bull run seems to have started with BTC hitting an all-time high on Monday, surpassing $81,800 in price. However, WazirX users are not part of the upside after the…

Bitcoin has formed two golden cross patterns amid the recovery push, with analysts projecting further uptrend from recent highs. Two prominent market analysts, Crypto Rand and Ali Martinez, recently discussed Bitcoin’s potential to surge to greater heights through two separate yet converging analyses. Bitcoin Forms Traditional Golden Cross Crypto Rand’s analysis focuses on a traditional golden cross involving the 50-day and 200-day moving averages (MAs) on Bitcoin’s daily chart. In his chart, the 50-day MA recently crossed above the 200-day MA—a pattern that usually precedes bullish momentum. Bitcoin Traditional Golden Cross | Crypto Rand The analyst confirmed that the previous…

Shiba Inu lead Shytoshi Kusama has taken a series of swipes at Cardano founder Charles Hoskinson after he announced he would work with the US government to facilitate the crypto policy. The Cardano founder made headlines over the weekend following his return from his “off the grid” period. This time, it was not another X spat or his notorious Cardano defense speech but a development that has been bullish for Cardano. Cardano Founder to Work With Trump on Crypto Hoskinson announced in a November 9 podcast that he would spend most of next year working with the Trump administration to…

This is a segment from the 0xResearch newsletter. To read full editions, subscribe. Today marks two years since the eventful day FTX filed for bankruptcy. Sam Bankman-Fried is in jail for 25 years, Ryan Salame likewise for 7.5 years, Caroline Ellison just commenced a two-year jail term and the FTX bankruptcy estate is making progress. Though the story was widely publicized across mainstream media as a colossal failure of crypto writ large, that was never actually true. The specific areas of failure in the FTX debacle were in fact the kinds of centralized institutions that cryptocurrency was designed to upend.…

Bitcoin breaks out, aiming for $88,000 – $90,000 after months of consolidation. Key resistance points lie at $71,500 and $72,000 Immediate support levels include $68,200 and $67,500 for potential corrections. Bitcoin has finally broken free after eight months of consolidation, sending a strong signal to traders. The recent move above $66,500 reveals a bullish breakout, aiming toward a midterm target of $88,000 – $90,000. Here’s a closer look at this action-packed rally and the key levels investors are tracking in this breakout. $BTC is finally Breaking out of Broadening Wedge after 8-months of Consolidation..🔥📈Midterm Target : 88-90k#Crypto #Bitcoin #BTC #BTCUSDT…

Winslow Strong sells entire EIGEN holdings, sparking speculation about his motivations and potential impact on the project. Zircuit’s fairdrop rewards EIGEN holders, boosting community engagement and strengthening the ecosystem. According to Spot On Chain data, Winslow Strong, Director of the Qualia Research Institute, has sold all of his 704,902 EIGEN tokens, worth $2.23 million, via AmberGroup and CowSwap. This big action has generated rumors about Strong’s intentions and potential influence on EIGEN’s pricing. He also sold less of two other restaking coins, SWELL and ETHFI, which fuels more questions about his choice to leave these positions. Winslow Strong (@winslow_strong), director…

For the first time, American pro-crypto voters managed to make the sector’s concerns one of the polls’ agenda. Through the PAC Fairshake initiative, they canvassed for the election of crypto-friendly candidates, a gamble that has paid handsomely, looking at the results. But the community’s efforts haven’t been without a snag. According to a popular cryptocurrency influencer, Eleanor Terrett, the caucus has faced some setbacks in certain constituencies where it had sought the election of crypto-leaning candidates. PAC helped 52 candidates win seats in the 2024 elections but faced setbacks By press time, the organization had helped 52 candidates it supported…

Litecoin Core v0.21.4 has launched with critical security updates to strengthen network stability. Canary Capital’s Litecoin ETF application with the SEC could bring more institutional access to Litecoin. The Litecoin development team has announced the release of Litecoin Core version 0.21.4, which introduces vital security updates alongside functional improvements. This release fixes several issues that may lead to the instability of the network which consequently enhance the security of Litecoin network. Among the vulnerabilities fixed is CVE-2024-35202, which permits remote attackers to perform a DoS attack. This could happen by putting uncommitted transactions into the blocktxn message, which leads to…