Author: NBTC

Bitcoin’s journey from a highly volatile digital asset to a more stable and mature financial instrument is being shaped by the introduction of Bitcoin Spot ETFs, according to new analysis from CryptoQuant. In a recent post by Kripto Mevsimi, the analyst highlights how Spot ETFs are influencing Bitcoin’s price dynamics and investor behavior, contributing to a more stable market environment. How Spot ETFs are Shaping Bitcoin’s Maturation Process“What’s different now is the impact of Spot ETFs and the integration of traditional financial instruments, which seems to be smoothing Bitcoin’s volatility.” – By @KriptoMevsimi Full post 👇https://t.co/7BcAe1JQiE pic.twitter.com/ip6iSqBdkO — CryptoQuant.com (@cryptoquant_com)…

Ethereum, the second-largest cryptocurrency by market capitalization, has recently experienced a significant surge in transaction fees. According to data from IntoTheBlock, Ethereum’s weekly fees have soared to $45 million, the highest level since June 10, 2024. The spike in fees highlights Ethereum’s growing network activity, even as Bitcoin continues to capture headlines as “digital gold” in traditional finance circles. IntoTheBlock wrote: “ETH hit $45 million in weekly fees, the highest since June 10, 2024. While Bitcoin’s ‘digital gold’ narrative captures more attention in traditional finance, Ether’s growing network activity and price performance continue to impress.” ETH hit $45M in weekly…

With a 5% upswing in the crypto economy over the past day, following a broad market recovery, the stablecoin economy has ballooned by $1.53 billion in just three days. A notable $750 million of that growth occurred within the last 24 hours alone. Tether’s $1.26B Growth Fuels Stablecoin Expansion Not long ago, the crypto market experienced sharp declines in leading assets like BTC and ETH, but in the past 72 hours, things have taken a turn for the better. After dipping below the $50,000 mark on Aug. 5, 2024, BTC is now trading at $60,410 as of 8:30 a.m. EDT…

Mysten Labs has taken the wraps off its decentralized storage and data availability protocol Walrus, at its Sui Builder House event in Singapore. “Recognizing the importance of data and the lack of storage innovation in recent years, Mysten has chosen decentralized storage as the next key area to tackle to make Web3 a reality,” Janet Wu, Director of Product at Mysten Labs, told Decrypt. Just in from #BuilderHouse Singapore…Walrus will officially be an independent Delegated Proof-of-Stake Network, governed and incentivized by its native utility token, WAL. pic.twitter.com/bZz6sw7vRh — Walrus (@WalrusProtocol) September 17, 2024 The release of the Walrus whitepaper and…

In a remarkable development, over 83000 X Empire NFT vouchers have been sold on Getgems, a platform dedicated to facilitate digital asset transactions, as announced on X Empire’s official X post. This impressive figure translates to more than 5.7 billion $X tokens, highlighting a high demand for digital collectibles and the underlying token ecosystem. X Empire NFT Vouchers on Sale (Source Getgems) The Rise of $X token The surge in sales not only indicates the popularity of the NFTs but also reflects a growing interest in the $X token, which serves as a key component of the X Empire project.…

Even though Ethereum’s (ETH) price has not produced the gains that holders would hope for, recent data shows that investors holding the altcoin have remained resilient and optimistic. This could be surprising, especially as the Ethereum Foundation, which has been at the helm of selling ETH, has liquidated some assets again. While the sale initially sparked valid concerns, this analysis explains why holders are unfazed by the development. Another Sale Leaves Ethereum Holders Unfazed Earlier today, the Ethereum Foundation sold 100 ETH for $262,474. This sell-off is just a little part of the coins the foundation has let go over…

XRP has crashed from $0.6396 to $0.5846, a 5.30% drop within the last 24 hours in an apparent gain reversal. Meanwhile, data from Coinalyze shows that open interest has slipped by 11.09% in the futures market. This leaves the perpetual contract at $476.3 million, while the futures contract recorded $2.9 million. The XRP open interest data reveals Bybit and Binance as the top exchanges with the greater flow volume. Bybit surpasses Binance in XRP open interest volume Notably, Bybit had a total volume of $215.77 million in XRP open interest. This puts it over $12 million above Binance known to…

Merlin Chain has announced a strategic partnership with UXUY, a next-generation multichain infrastructure backed by Binance Labs. This engagement will help broaden the DeFi ecosystem by integrating Merlin Chain into UXUY’s decentralized multichain wallet within Telegram. 🚀 Strategic Partnership Announcement! 🚀We’re thrilled to announce that Merlin Chain is partnering with @uxuycom to drive the future of decentralized finance! 🔗✨UXUY, incubated and invested in by @BinanceLabs, is a next-gen multichain infrastructure creating the first… pic.twitter.com/0oBCoRDVZS — Merlin Chain (@MerlinLayer2) September 30, 2024 DeFi users will have improved accessibility and scalability, especially in the Bitcoin Layer 2 ecosystem. Merlon Chain shared this…

Bitcoin (BTC) has surged past $65,000 in the past 24 hours, driven by stock market volatility following strong U.S. labor force data and new economic stimulus reports from China. Global stock markets rose after China’s leadership pledged to stimulate its economy with additional fiscal measures, while positive labor market data in the U.S. further boosted investor optimism. Jobless claims fell by 4,000 last week to 218,000, the lowest in four months, according to the U.S. Labor Department. On the same day, China’s Politburo said it was important to “further enhance the focus and effectiveness of policy measures” to support the…

Shiba Inu’s official marketing lead Lucie has published an X post in which she addressed not only the SHIB army but the global crypto community overall. Lucie issued a warning in which she spoke much wider than just SHIB, she spoke about crypto and the possibilities it provides to the world. Lucie addresses crypto holders with warning The marketing lead of the Shiba Inu team dwelled on the possibilities that are provided by cryptocurrencies, saying that they are “endless.” She reminded the community that while some people will “make a good profit” on crypto, others will “bag huge money” and…