Author: NBTC
Amid Solana’s meteoric rise past the $200 mark, Lookonchain’s latest report unveils a significant development: whales are cashing out. Identified by the pseudonym “BU6N2Z,” a whale has unloaded a staggering 200,000 SOL, totaling approximately $39.85 million, onto Binance over the past 48 hours. Despite this substantial sell-off, the address retains a hefty 1.62 million SOL in its portfolio, valued at an impressive $323 million. Of this stash, 387,000 SOL, worth $77 million, rests in their wallet, while a staggering 1.23 million SOL, equivalent to a staggering $246 million, is staked. The surge in whale activity coincides with Solana’s remarkable ascent…
The derivatives arm of Coinbase, America’s largest cryptocurrency exchange, announced a delay in the launch of futures contracts for Dogecoin (DOGE). The launch, originally planned for April 1, 2024, was postponed to April 29, 2024. However, futures trading for Litecoin (LTC) and Bitcoin Cash (BCH) will launch as planned on April 1. Although Dogecoin began as an internet joke, it has reached a significant market cap and has become one of the top cryptocurrencies by market cap at various points over time. “Dogecoin’s enduring popularity and active community support show that it has transcended its origins as a joke to…
Bitcoin Lightning Network company Neutronpay has secured a $1.5 million bridge funding round led by Axiom Capital, according to a press release sent to Bitcoin Magazine. This investment is to help Neutronpay bring instant and cost-effective payment solutions in Southeast Asia’s digital economy with Bitcoin. “We are delighted to continue to support Albert and the team as they prove out the utility of Lightning infrastructure in Southeast Asia,” says Allen Farrington on behalf of Axiom. “We expect to see a continued normalization of the superiority of the Lightning Network over legacy fiat banking rails for a range of payment categories…
A recent post from Elon Musk depicting his dogs in celebration of St. Patrick’s Day has received a response from a Shiba Inu ecosystem official in a push toward visibility. St. Patrick’s Day, a commemoration of the Patron saint of Ireland, Saint Patrick, came up on March 17 this year, as is customary. Several influential figures took to social media to celebrate the cultural and religious holiday, one of whom was Elon Musk, CTO at X and CEO of Tesla. Musk’s celebratory post showcased his trio of canines adorned in green attire reminiscent of St. Patrick’s Day. Image Source: https://twitter.com/elonmusk/status/1769418947403681837…
Richard Teng, CEO of Binance, the world’s largest cryptocurrency exchange, made a secret visit to South Korea. This visit is believed to be an attempt to communicate directly with South Korea’s financial authorities to resolve the stalled issue regarding Binance’s entry into the South Korean market. Binance acquired Gopax in late 2022 and started working to enter the South Korean market. However, the company is facing difficulties as fiscal authorities have not approved a change to GoPax’s virtual asset operating license for more than a year. According to an interview with News1, Teng arrived in South Korea with an undisclosed…
FLOKI announces March 22 for highly anticipated FLOKI Roadmap unveiling. Core contributor emphasizes FLOKI’s distinction and commitment to innovation. Community anticipates roadmap reveal, expecting clarity and long-term vision. In a recent announcement, FLOKI has set the date of March 22, 2024, for the unveiling of its highly anticipated FLOKI Roadmap, promising significant revelations. The community eagerly awaits this day, expecting epic announcements to unfold later in the week. In light of this revelation, a core contributor at FLOKI shared insights. In particular, they emphasize FLOKI’s distinction from other memecoins like DOGE, SHIB, PEPE, BONK, and WIF. Many tend to classify…
While volatility remained low in the market, some altcoins on Upbit and Binance, South Korea’s largest cryptocurrency exchange, experienced unusual trading volumes. While the average volume on the 4-hour chart for Aptos (APT) on Upbit is seen at $251,000, recent volume has skyrocketed to approximately $1 million, a staggering increase of 407.75%. However, volume on Binance decreased by 37.11%, from an average of $890,000 to $560,000. Decentraland (MANA) also saw a significant increase in trading volume on Upbit. Average 1-hour volume of $229,000 rose to $579,000, an increase of 152.58%. On Binance, volume decreased by 30.26%, from an average of…
As the world gets into a frenzy around the coming Bitcoin halving – and the price of bitcoin (BTC) as a result – it’s important to take a moment for a reality check. This feature is part of CoinDesk’s “Future of Bitcoin” package published to coincide with the fourth Bitcoin “halving” in April 2024.David Bailey is chief marketing officer for Azteco. The halving is a non-event for the vast majority of the world. At its core, it’s a simple evolution in how much the people who process bitcoin transactions get paid. All electronic payments, whether made via credit card, Venmo…
r/CryptoCurrency subreddit’s MOON token clocked a record high of 84 cents over the weekend. Interoperability protocol Celer has decided to support MOON, allowing token holders to bridge or move their coins to Arbitrum One. The bridge will debut on March 20. Reddit’s IPO, due March 21, is four to five times oversubscribed, per Reuters. Moons (MOON), the native cryptocurrency of Reddit’s r/CryptoCurrency community, is rallying ahead of the debut of Celer’s bidirectional bridging facility, which will allow token holders to transfer coins between Arbitrum Nova and Arbitrum One. MOON rose to a record high of 84 cents over the weekend,…
Hong Kong’s financial regulator, the Hong Kong Securities and Futures Commission (SFC), is preparing to allow in-kind creation and redemptions for spot Bitcoin ETFs in the second quarter of this year, Bloomberg reports. Earlier this year, Chinese asset manager Harvest Global filed for a spot Bitcoin ETF in Hong Kong. Another firm, Venture Smart Financial Holdings, also announced its intention to submit an application after the SFC expressed readiness to consider such products in December. While no spot ETFs have been approved yet, Bloomberg Intelligence ETF analyst Rebecca Sin suggests it’s probably just a matter of time. Sin also notes…