Author: NBTC

Toncoin (TON) has soared more than 13% in the past 24 hours as another major exchange announced the listing of the TON token. Significant upside pressure surfaced after news that the world’s largest crypto exchange Binance would list TON. The announcement has now been followed by another major listing announcement by BtcTurk, the largest crypto exchange in Turkey. According to data from CoinMarketCap, Toncoin currently leads the top 100 coins by market cap in terms of 24-hour gains. The 13% upside is more than the double-digit gains for ThorChain (RUNE), Helium (HNT), Notcoin (NOT) and Fantom (FTM). Other notable gainers…

Arthur Hayes has recently made waves in the cryptocurrency market with significant withdrawals from exchanges. Just a few hours ago, he transferred 30.89 million $ATH from Bybit to his wallet (0xa86). The worth of these tokens is approximately $1.92 million, according to Spot On Chain. This marks his largest single accumulation of $ATH to date, raising eyebrows in the crypto community. Earlier, he sold his $PENDLE and now his recent transactions mean that he is replacing $PENDLE with $ATH. Another 30.89M $ATH ($1.92M) was withdrawn from Bybit to Arthur Hayes’ wallet 0xa86 ~25 minutes ago.Notably, this is his largest single…

Long-term Bitcoin holders selling in March and April caused a significant supply dip. Bitcoin’s descending broadening wedge pattern signals a potential dramatic price rise. Analyst Jelle predicts a major Bitcoin breakout due to strong ETF accumulation. Bitcoin has recently experienced a significant drop, with its current trading price at $66,568. This decline is partly due to many investors selling their Bitcoin to capitalize on rising values, resulting in a noticeable dip. However, skepticism in the market is growing, and many investors doubt Bitcoin’s potential for a bull run, with some even lowering their expectations. Long Term Holders Selling BTC According…

A market participant might need much fewer Shiba Inu tokens to become a millionaire in USD if SHIB eventually reaches the 1 cent dream. The Shiba Inu success story remains one of the best representations of the cryptocurrency market’s ability to transform pennies into fortunes. According to a CoinGecko report, SHIB’s meteoric surge from 2020 to 2021 turned a $12 investment into $1 million in less than two years. Shiba Inu Investors Continue to Hold This impressive success has played a role in sustaining the optimism around Shiba Inu. Of the total 1.35 million addresses holding SHIB, data from IntoTheBlock…

INX and Backed are adding tokenized Tesla, Microsoft, Google, and GameStop stocks to their platform. INX will launch its first tokenized ETF, the S&P 500 ETF, along with tokenized Apple stock in two weeks. INX and Backed are expanding their tokenized stock offerings on the INX platform for eligible non-US users. Following the launch of tokenized Nvidia shares, the companies are adding tokenized Tesla (bTSLA), Microsoft (bMSFT), Google (bGOOGL), and GameStop (bGME) stocks. Moreover, INX will launch its first tokenized ETF, the S&P 500 ETF (bCSPX), along with tokenized Apple (bAAPL) and BlackRock’s iShares Treasury (bIB01) ETF in two weeks.…

Bitcoin (BTC) briefly crossed the $70,000 mark on Monday morning before dumping to $66,000, but analysts at the crypto exchange Bitfinex say the leading digital asset may pull back even more in the coming days. According to the latest Bitfinex Alpha report, bitcoin’s possible decline may be caused by significant downward pressure on implied volatility in the options market. The State of Bitcoin’s Options Market After United States President Joe Biden dropped out of the 2024 presidential race a week ago, volatility returned to the crypto market, with implied volatility in BTC options contracts surging to a four-month high of…

Early efforts on the Solana blockchain to develop a framework for “restaking” – a way of securing new protocols and applications without having to spin up additional validator networks – appear to be gaining traction. Jito Labs, a developer of infrastructure tools for Solana, has yet to launch its planned restaking effort on mainnet. But the mere prospect of this potentially lucrative greenfield is already attracting launch partners. Liquid restaking protocol Renzo, known primarily for its work on Ethereum-based restaking projects including EigenLayer and Symbiotic, disclosed Wednesday that it’s preparing to launch a SOL derivative token, called ezSOL, that offers…

Kraken has officially completed its acquisition of Coin Meester B.V. (BCM), one of the Netherlands’ most established crypto brokers. With this, Kraken tightens its grip further on the Dutch market and boosts its operations in Europe, what with the upcoming Markets in Crypto-Assets Regulation (MiCA). BCM’s integration will expand Kraken’s ability to operate as a registered Virtual Asset Service Provider (VASP) in France and Poland. The company can now offer VASP services across Germany, Spain, Italy, the Netherlands, Belgium, and Ireland too. The European market is notorious for being highly fragmented. Rising operational costs and increased competition are expected to…

Prominent American television host Bill Maher recently took aim at the perceived wastefulness of cryptocurrency mining during the latest episode of “Real Time with Bill Maher.” “There’s the other big secret about crypto that nobody talks about…All the progress that we’re making with green energy is being sucked away by crypto,” he said. Maher has noted that crypto uses 8% of total electricity. “Their data centers, their mining, this nonsense of finding a number. I can’t even go through the whole thing,” he stressed. The US comedian has recalled that the impact of cryptocurrency mining is comparable to putting 15.7…

Ethereum cofounder Vitalik Buterin is likely stepping out of his comfort zone as he recently dug deep into one of the most common challenges of Bitcoin (BTC). The Ethereum innovator shared his recent dive into the Bitcoin block size war, a concept he labeled the one-sided competency trap. Bitcoin block size war The takes he shared on X stem from his review of two books that allegedly talked about Bitcoin block size wars. His goal is to share his understanding of the concept so users can better avoid entering into the trap. One concept I introduced in my recent review…