Author: NBTC

Aave, a decentralized crypto lending platform, experienced a 9% price surge on Aug. 15 morning, positioning it as the top performer in the crypto market. At the time of this report, Aave’s (AAVE) price remained 8% higher, trading at $106.4, with its daily trading volume increasing by 78% to approximately $262 million. The market capitalization of Aave reached $1.57 billion, ranking it 54th among the largest cryptocurrencies. AAVE 24-hour price chart — Aug. 15 | Source: crypto.news Despite the recent surge in price, Aave is still 84% below its all-time high of $661.69, which was recorded in May 18, 2021.…

In an X post titled “A stroll down memory lane,” crypto enthusiast James Murphy, aka MetaLawMan, revisited the U.S. government’s alleged plan to “asphyxiate” the crypto industry. He recalled the crypto sector’s severe downturn in March 2023, triggered by a stringent government crackdown that unfolded over just 18 days. A stroll down memory lane.Our government executes a well coordinated attack to asphyxiate the crypto industry.18 days in March 2023.👇 https://t.co/DUf0EWEKOD — MetaLawMan (@MetaLawMan) September 22, 2024 In a series of X posts during March 2023, MetaLawMan chronicled the government’s systematic actions against the crypto space. He provocatively stated, “When the…

Bitcoin exchange reserves have plummeted to approximately 2.8 million coins—their lowest levels in years. This sharp decline comes amid a sustained price surge from Bitcoin as it keeps testing $70,000, according to data from on-chain analytics platform CryptoQuant. This significant decline in exchange reserves comes at a time when Bitcoin’s price is roughly 10% away from its all-time high price of $73,737, according to CoinGecko data. Bitcoin is trading at $66,700 as of writing. Image: CryptoQuant The trend of decreasing exchange reserves began in early 2022 and has accelerated notably over the past year. However, the chart shows a slight…

The head of digital asset research at $101.9 billion U.S. hedge fund VanEck, Matthew Siegel, has discovered and revealed what could be key information for those bullish on Ethereum (ETH). According to Siegel, Ethereum has regained a significant market share of fees among the fee-based layer-1 blockchains, rebounding from a low 9% share in late August to the current 40%. Counter to Common Sentiment, #Ethereum has Regained Substantial Market Share of Fees Among Fee-Earning L1 Blockchains, Rebounding from a Low of 9% Share in Late August to Reach 40% Today. pic.twitter.com/IF9ZIdq3nP — matthew sigel, recovering CFA (@matthew_sigel) September 23, 2024…

Polymarket is reportedly in talks to raise over $50 million in new funding, which is likely tied to a potential token launch, first reported by The Information. Polymarket explores token launch amid $50 million fundraising talks pic.twitter.com/hKLY46Covg — Crypto Briefing (@Crypto_Briefing) September 24, 2024 The blockchain-based prediction market has gained popularity as a platform for betting on high-profile events like US elections, federal rate cuts, the Super Bowl, and, most recently, whether FTX’s Caroline Ellison will be sentenced to prison. Polymarket allows users to wager on the outcomes of a wide variety of scenarios, from political elections to pop culture…

Sui Network processes 297,000 transactions per second with finality in 390 milliseconds, highlighting its technical superiority. Sui Network’s partnerships with BytePlus, Tencent, and Alibaba solidify its growing influence in the blockchain industry. In a recent tweet, influencer StarPlatinum started a discussion by speculating that SUI could be the next big winner this cycle. The tweet emphasized Sui Network’s attempts to address fundamental difficulties in the blockchain ecosystem, specifically network congestion and poor adoption. Notably, Sui was able to address these difficulties without ever reaching its maximum capacity, demonstrating the power of its scalable Layer 1 infrastructure, which uses parallel execution…

Ari Paul, founder and CIO of BlockTower Capital, has openly criticized the legal treatment given to Binance CEO Changpeng Zhao (CZ) compared to former FTX CEO Sam Bankman-Fried (SBF). According to Paul, both CZ and SBF committed similar crimes, but CZ received a lighter sentence, allegedly to protect the interests of individual investors. In response to CryptoQuant CEO Ki Young Ju’s defense of CZ, Ari Paul said, “CZ committed the same crime as SBF. If the federal government so desires, CZ could face life in prison.” Paul cited “dozens of charges” against him, including misusing client deposits for risky investments,…

Quantum Blockchain Technologies PLC is establishing itself as a key player, pushing the boundaries of technological innovation with the introduction of new methods based on artificial intelligence (AI) and quantum computing to optimize calculations related to the SHA-256 protocol used in Bitcoin mining. The focus of the company is aimed at making Bitcoin mining not only faster and more profitable, but also more sustainable from an energy perspective. With its cutting-edge research and development program, Quantum Blockchain Technologies is looking to revolutionize the entire mining ecosystem, thanks to the introduction of new AI-optimized algorithms and advanced technologies. The crucial role…

In the cryptocurrency trading world, specific indices offer crucial insights into underlying market conditions. One such metric, the Coinbase Premium Index (CPI), has become a focal point for analysts trying to decipher Bitcoin’s market movements. According to recent analysis by CryptoQuant, a leading blockchain data platform, the CPI’s relationship with its 14-day Simple Moving Average (SMA14) has been indicative of shifting market dynamics, particularly in terms of selling pressure on Bitcoin. The CPI measures the variance in Bitcoin‘s price on Coinbase Pro—predominantly used by U.S. investors—relative to other global exchanges. A negative CPI value suggests that Bitcoin is cheaper on…

The Ethereum Foundation has once again sold a significant amount of ETH, this time 100 ETH at $2,645, according to PANews data. This brings the total Ethereum (ETH) sold by the Foundation to 1,050 ETH in September alone, valued at roughly $2.53 million. These sales took place at prices between $2,301 and $2,645, suggesting a strategic selling approach during Ethereum’s price swings. These transactions raise questions about their potential impact on the market, especially as ETH shows signs of recovery. 以太坊基金会再次出售100枚ETH，九月已累计出售1050枚ETH $ETH据链上分析师@ai_9684xtpa监测，以太坊基金会以2,645美元的价格再次卖出100枚ETH，价值26万美元。九月以来基金会已累计出售1050枚ETH，总价值253万美元，最低卖出价格2301美元，最高2645美元。#EF https://t.co/MGicM3riVu — PANews (@PANewsCN) September 23, 2024 Ethereum Price Trend and Market Activity As at presstime, Ethereum’s current…