Author: NBTC

A “Diamond Hand” Ethereum (ETH) whale has suddenly emerged, transferring a massive 15,000 ETH token to a major exchange. Given the sheer size of the transaction, this whale has caught the attention of many Ethereum investors and the broader crypto community. Diamond Hand Whale Moves 15,000 ETH Tokens Spot On Chain, a blockchain analytics platform, revealed on September 22 in an X (formerly Twitter) post that an anonymous Diamond hand whale had transferred 15,000 ETH valued at $38.4 million from their wallet address “0x682” to Kraken, one of the world’s biggest crypto exchanges. A Diamond hand whale is a term…

Former Bitfury CEO Brian Brooks asserts that XRP is not attempting to substitute the U.S. dollar but to revolutionize the value transmission system. Brooks, a senior advisor at Valor Capital Group, expressed this view during a crypto conference hosted by The Aspen Institute. During the session, he clarified the broader purpose of crypto assets. XRP Not Trying to Replace USD In particular, Brooks stressed that cryptocurrencies are not about “currency” in the traditional sense of a medium of exchange. According to him, it is a big misconception that cryptocurrencies must replace traditional currencies to be successful. Instead, Brooks emphasized that…

Decentralized crypto exchange Mango Markets has already weathered a debilitating multimillion-dollar hack and the expensive regulatory investigations it spawned. The group may soon take another blow: a six-figure settlement with the Commodity Futures Trading Commission (CFTC). The crypto derivatives trading hub faces CFTC charges for allegedly failing to register as a commodities exchange, for illegally offering services to U.S. customers and failing to check its customers’ identities, according to statements in its Discord server and a proposal on its governance page. The DEX allows users to trade perpetual futures contracts. On Sunday Mango Markets’ legal representative disclosed the investigation and…

Binance’s head of VIP & Institutional views the U.S. discussion on a national bitcoin reserve as a positive sign for the crypto market. The executive notes the growing recognition of bitcoin by politicians and industry leaders, anticipating greater regulatory clarity. She stressed the importance of politicians and industry leaders explicitly acknowledging bitcoin’s value in the monetary system. US National Bitcoin Reserve Discussion Gains Momentum Catherine Chen, Binance’s head of VIP & Institutional, has shared her view regarding the discussion of bitcoin as a strategic reserve for the U.S. government and its impact on the crypto market. She believes the growing…

AAVE breakout from a two-year consolidation suggests a strong DeFi resurgence. Aave Labs’ partnership with BlackRock aims to enhance the GHO stablecoin’s efficiency. AAVE, a key player in the DeFi space, is currently enjoying a major increase in market activity, reaching its highest trading level since May 2022. Arthur, the CIO of DeFiance Capital, stated that AAVE is breaking out of a two-year consolidation trend, implying that the token is on the cusp of reclaiming its all-time high (ATH). He believes that this potential achievement might herald the start of a DeFi Renaissance, reinforcing AAVE’s position as a driving force…

Ethereum ($ETH), the second-largest cryptocurrency by market capitalization has rebounded to a higher value, reaching $2,700. As per the data shared by an on-chain intelligence and analytical platform, Sentiment, Ethereum ($ETH) has rebounded back to $2,700 amid the renewed market interest. 🗣️ Ethereum’s market value has rebounded as high as $2,700 as crypto continues to extend its rally. There is renewed interest toward the #2 market cap asset on social media, and margin/leverage exchange ETH wallets have spiked as well. Both are enjoying 7-week highs. 📈 pic.twitter.com/3dagDLoGQK — Santiment (@santimentfeed) September 23, 2024 Ethereum’s resurgence comes after a period of…

Shytoshi Kusama, the lead developer of Shiba Inu, made several announcements at the 2024 Blockchain Futurist Conference that could reshape the crypto’s trajectory. The most significant reveal was the introduction of ShibHub, an app that aims to centralize the Shiba Inu ecosystem. This decentralized platform offers users tools to manage assets, stake tokens, engage in DeFi opportunities, and even create their decentralized apps (dApps). Introducing ShibHub! 🌐 Our super app is at the core of the Shiba ecosystem. ShibHub lets you Earn, Learn, Connect, and Create. Whether you’re into DeFi, NFTs, Social networking or Web3 gaming: pic.twitter.com/CxhCbiBIr4 — Shib (@Shibtoken)…

A panel of federal appeals court judges in Philadelphia appeared skeptical on Monday of the U.S. Securities and Exchange Commission (SEC’s) longstanding refusal to issue specific rules related to the sale of crypto tokens. During an afternoon hearing before the U.S. Court of Appeals for the Third Circuit, lawyers for Coinbase and the SEC squared off over whether the regulator should be obligated to clarify its rules about crypto, after years of effectively “regulating by enforcement” via sporadic lawsuits against crypto firms and projects. The three-judge panel, comprised of two Democrat-appointed justices and one Republican appointee, grilled both sides for…

The total value locked in decentralized finance protocols has reached its one-month high as the broader crypto market recovers. According to data provided by DefiLlama, the global DeFi TVL is currently sitting at $87.3 billion — a level last seen on Aug. 27. The weekly trading volume, however, declined by 2.2% in the last seven days and is hovering at $23 billion. Top 10 DeFi protocols – Sept. 23 | Source: DefiLlama Notably, the DeFi TVL plunged to $75 billion on Sept. 7 for the first time since late February. You might also like: Kamala Harris on crypto: Dem nominee…

Neiro Ethereum (NEIRO), a new dog-themed memecoin on the Ethereum network, has captured the attention of crypto enthusiasts after a massive surge of over 1,500% within the past month. This rise comes amid a growing buzz on social media platforms. This new addition to the family has sparked a wave of excitement, with a slew of NEIRO-based coins generated on Solana. Notably, one coin reached nearly $100 million in market capitalization. One of The Hottest? Momin Saqib, the co-founder of Web3Pak and Web3Works, contributed to the growing interest in NEIRO through a post on X. Saqib shared his thoughts on…