Author: NBTC

A wallet linked to Alameda Research has transferred a large amount of Bitcoin, as reported by blockchain security firm PeckShieldAlert. Approximately 231.4 BTC, valued at $13.5 million, was moved in the past few hours, with 200 BTC of it being sent directly to Coinbase. This substantial transfer is part of a pattern of movements involving wallets tied to the now-defunct FTX exchange, prompting interest in the purpose of these funds and their potential implications for market liquidity. #PeckShieldAlert #Alameda labeled address has transferred 231.4 $BTC (worth ~$13.5M) out, of which ~200 $BTC was sent to #Coinbase within the last 4…

Matt Hougan, the CIO of Bitwise Investments, is still very bullish on Bitcoin (BTC) despite recent declines in the value of the leading cryptocurrency. Hougan predicted a long-term recovery for BTC while sharing his opinion on the current market downtrend in a post on X. Hougan’s express confidence for Bitcoin Bitcoin recently lost significant value plummeting to the $52,000 price range after climbing to an all-time high of $73,628. This decline follows general market volatility, which also caused the prices of altcoins like Ethereum (ETH) and XRP to plummet. The last time global capital markets panicked was March 12, 2020,…

According to DappRadar statistics, NFT market sales for the last week came to $74.86M. With sales of $5.39 million, an increase of 9.45%, Cryptopunks topped the charts. Another decline in NFT market sales occurred during the last week, with a decline of 7.91% from the prior week. Both the number of buyers and sellers saw significant drops; the former fell by 73.46 percent and the latter by 61.18 percent from the previous week. According to DappRadar statistics, NFT market sales for the last week came to $74.86 million, which is a decrease of 7.91% from the previous week. Although sales…

The story between Charles Hoskinson and Ethereum (ETH) recently resurfaced in the crypto space, as one of the enthusiasts decided to break down what exactly broke this union. As many may know, Charles Hoskinson was one of the original cofounders of Ethereum and played a significant role in its early development, including the design of the initial coin offering and the decision to register the Ethereum Foundation in Switzerland. However, Hoskinson left the Ethereum project to found Cardano, a competing blockchain platform. The reason for his departure is often attributed to disagreements with other Ethereum cofounders, particularly over the direction…

VeChain has announced its integration with Oobit’s iOS, marking a significant step toward European expansion. This ease of access is expected to significantly boost VET’s adoption among European investors, helping to solidify its presence in the region. Vechain, a leading provider of blockchain solutions for supply chain management and other enterprise applications, has announced via the X platform the integration of VeChain into the Oobit platform. By integrating VeChain into its iOS app, the blockchain network has significantly expanded its reach to European users, offering users a streamlined, accessible way to buy, sell, and hold VET tokens directly from their…

Binance recently announced its plans to list Hamster Kombat (HMSTR) as the 58th project on its Launchpool. This declaration sets the stage for trading to start on September 26, 2024, at 12:00 UTC. Under the Launchpool terms, users can lock their BNB and FDUSD to receive HMSTR airdrop over a seven-day period. The airdrop farming will start on September 19, 2024. Is Binance Trying to Onboard Hamster Kombat Users? Binance will apply a seed tag to HMSTR, indicating it as a volatile project. To trade tokens marked with this tag, users must pass quizzes every 90 days. Amidst the announcement,…

There’s blood on the streets and crypto gamblers on Polymarket are betting that Bitcoin is far from its bottom. Forty-five percent of traders on the prediction market Polymarket believe that Bitcoin’s price will fall below $45,000 before September. This spiked at a 65% chance in early European trading hours on Monday amid a market meltdown. It’s worth pointing out, though, that there’s currently less than $300,000 worth of bets in that pool. Bitcoin fell below $55,000 overnight amid macroeconomic uncertainty and geopolitical tensions rising. This sell off continued, now currently at $50,000 with over $1 billion of liquidations taking place…

Ethereum has been performing poorly against Bitcoin, with Ethereum falling behind Bitcoin by 12% in the last month, compared to Bitcoin’s 3% decline. As ETH continues to worry its investors with the declines it experiences, 10X Research analysts predicted that Ethereum could continue to decline. Ethereum (ETH) Will Bottom in 2-4 Months! Analysts pointed out that the predictions of a decline in ETH have been correct so far and said that they predict that Ethereum may bottom in the next 2-4 months. Analysts stated that the consolidation process in Ethereum may continue and that it is not right to expect…

A major bullish development has just stunned the Shiba Inu (SHIB) community. Shiba Inu, the second largest meme coin in terms of market capitalization, has triggered a price rebound today. It appears that crypto traders are also supporting this rally, as notable buying activity has been detected on-chain. More that 620 billion SHIB tokens, according to CryptoQuant, were withdrawn from crypto exchanges on Aug. 21. This massive rise in exchange outflows is a positive signal for the meme coin about what lies ahead for it. These figures are showing the start of a strong accumulation trend, which can result in…

As FTX unwinds its vast Solana (SOL) holdings, reports suggest the bankrupt exchange still has over $1 billion worth of tokens to offload. This significant number of tokens could pressure Solana’s market valuation, as on-chain data points to declining interest. Solana Selling Pressure Could Spike as FTX Moves Tokens According to blockchain analytics firm LookOnChain, FTX and its sister company, Alameda Research, have already unstaked significant portions of their Solana tokens. In the past three months, they unstaked 530,000 SOL, worth approximately $71,000, with monthly averages reaching 176,700 SOL, or $23.5 million. Despite these transactions, 7.06 million SOL, valued at…