Author: NBTC

On Thursday, short-term holders sent over $2 billion worth of bitcoin to exchanges at a loss, the most since the yen carry trade unwind on Aug. 5. In the past three days, short-term holders sent more than $6 billion worth of bitcoin to exchanges at a profit, locking in gains as the month drew to a close. Disclaimer: The analyst who wrote this piece owns bitcoin. Short-term holders of bitcoin (BTC) sent about $2.3 billion, some 32,000 tokens, of the largest cryptocurrency to exchanges at a loss on Thursday as the price dropped below $70,000 after approaching an all-time high…

Donald Trump, who is leading in many states, appeared before voters in West Palm Beach to declare victory and say Americans are “making history.” Trump’s failure to mention Bitcoin (BTC) and cryptocurrencies in his victory speech caused a drop in price, while whales who bet on Trump’s victory made millions of dollars. On-chain data analytics platform Lookonchain has revealed the profits earned by whales who bet on Trump’s victory. Accordingly, the whale named “Theo4” made a profit of $20.4 million, the whale named “Fredi9999” made a profit of $15.6 million, and the whale named “zxgngl” made a profit of $11…

Starknet token holders voted on Friday to implement staking on the layer-2 network, a proposal that’s been in the works since July, in a landmark governance election on Snapshot’s new decentralized Snapshot X platform. The vote, which went live on Tuesday, passed with overwhelming support, but only 0.08% of eligible voters holding Starknet’s native token, STRK, participated. 98.94% voted in favor of implementing staking, while 0.45% abstained, and 0.61% voted against it. The new mechanism on Starknet means that anyone holding more than 20,000 STRK will be able to stake on the network, from the fourth quarter of this year.…

Riccardo Sibani, Chief Product Officer (CPO) at the Web3 gaming platform My Neighbor Alice, believes the hype surrounding Web3 gaming has cooled due to unfulfilled promises and unrealistic expectations. Web3 Gaming Needs Time to Deliver on Promises Sibani, a blockchain developer, further argues that the mismatch between retail and traditional investor expectations has contributed to the declining user interest in Web3 games.In written responses to questions from Bitcoin.com News, Sibani suggests that the industry can reignite interest by delivering tangible results and managing expectations. Developers need to tone down on promises and emphasize that building the next generation of games…

KIMA Network has partnered with Blocksquare, one of the pioneers in the Web3 tokenization platform of Real-World Asset (RWA). Their goal for collaboration is to change real estate investment by increasing its disclosure, openness, and ease of conducting transactions involving tokenized real estate. 1/4Kima Network 🤝BlocksquareWe are thrilled to announce our strategic collaboration with @blocksquare_io – a #Web3 tokenization infrastructure provider for real estate #RWA assets.🤔What will we do together?👇👇👇 pic.twitter.com/DVVdvUhjlu — Kima Network (@KimaNetwork) November 5, 2024 Kima Boosting Real Estate Liquidity with Tokenization Solutions Kima and Blocksquare initiated a marketing collaboration campaign and explored ways to achieve greater…

A widely followed crypto analyst believes Bitcoin (BTC) still remains on track to hit new all-time highs (ATHs) after a correction earlier this week. In a new strategy session on the TechnicalRoundup YouTube channel, pseudonymous crypto analyst DonAlt says that he remains bullish on Bitcoin after it dipped into the $69,000 range. “So weekly good. And the daily is also excellent. We are at resistance, and that’s kind of what we’re battling with but it’s been a resistance that’s been tested a bunch of times — this is the sixth time. That’s a lot. That’s not something I would necessarily…

The Fluid team has announced the collaboration with 1inch, a widely known DEX aggregator. This is great news for those interested in decentralized finance (DeFi). With this alliance, DeFi users stand to benefit from the trading boost from Fluid’s Liquidity Layer on the 1inch platform by improving trade execution and reducing slippage. Good news!The Fluid DEX is now integrated with @1inch aggregators!Trades taken on 1inch can now be routed through the Liquidity Layer for optimal execution and minimal slippage 🌊 pic.twitter.com/xjeSdndcTM — Fluid (@0xfluid) November 5, 2024 The Power of the Fluid’s Liquidity Layer Fluid has deployed its Liquidity Layer,…

Crypto mining company, Argo Blockchain, sees its shares rise by 14% after Donald Trump was projected to win the 2024 United States Presidential Election. Based on data from the London Stock Exchange, Argo Blockchain’s stocks rose more than 14% to 10.75 GBX on Nov. 6 after Republican candidate Donald Trump was projected to win the US Presidential Election. Argo’s stocks was able to recover from the dip in early November, after it reached a peak on Oct. 29 at 11.00 GBX. The crypto mining company’s market cap stands at £59.96 million with a trading volume of 2,436,448. Similarly, Argo Blockchain’s…

JPMorgan is rolling out instant dollar-euro FX settlement on its Kinexys blockchain, with sterling set to follow pending regulatory clearance. Banking giant JPMorgan Chase & Co. is set to bring foreign exchange settlements for dollar-euro transactions on its blockchain platform dubbed “Kinexys.” According to a Bloomberg report on Nov. 6, the system — previously known as Onyx — will leverage JPM Coin, the bank’s digital token integrated into Kinexys. In mid-October 2023, crypto.news reported that JPM Coin, pegged to the U.S. dollar, reached the $1 billion mark in processed daily transactions. You might also like: JPMorgan: Bitcoin outpaces gold in…

Recently, the dominance of Bitcoin has seen a downward trend, which has encouraged the excitement of crypto enthusiasts and analysts who see this as an indication of the bull run. Such performance suggests that each of the times the leading token’s market share dropped, it preceded a surge in most other digital currencies. Watching Bitcoin Dominance Decline“Looking at this chart, we can see that, historically, major bull runs across the market have coincided with declines in #Bitcoin dominance.” – By @Woo_Minkyu Read more 👇https://t.co/hM4olMucbN pic.twitter.com/gLnQWHjGQL — CryptoQuant.com (@cryptoquant_com) October 31, 2024 Bitcoin Dominance Decline: A Bullish Indicator? Dominance is an…