Author: NBTC

The Wall Street Journal (WSJ) has published an article raising concerns that a recent spike in former President Donald Trump’s rates on cryptocurrency prediction platform Polymarket may have been artificially inflated. According to the report, Trump’s chances of winning the November election have risen sharply over the past two weeks. As of Thursday, Polymarket users were predicting Trump’s chances at 62%, compared to Vice President Kamala Harris’ 38%. That’s a significant shift from early October, when the two candidates were in a close race. The WSJ suggests that the spike could be the result of manipulation by four Polymarket accounts…

The EigenLayer restaking protocol is preparing to lift the transfer restrictions on the EIGEN token on September 30. With the upcoming activation of the token transfer feature, stakeholders will soon be able to trade and transfer their share of EIGEN tokens, including airdrop rewards. The project clarified that holders of staked tokens must comply with the 7-day withdrawal period to unlock their EIGEN tokens. This update follows the distribution of 86 million EIGEN tokens during the protocol’s second stakedrop, which was targeted at active stakeholders from March 15 to August 15, 2024. Tokens released in this and the previous stakedrop…

Renowned scholar, risk manager and author of bestselling books such as “Black Swan”, “Antifragile”, and “Skin in the Game”, Nassim Nicholas Taleb has taken to his account on the X social media platform (formerly known as Twitter) to praise Bitcoin’s rival in the physical world – gold. He also drew his followers’ attention to the real “de-dollarization” taking place around the world. Meanwhile, Taleb continues to criticize the world’s flagship cryptocurrency Bitcoin. Taleb speaks of “de-dollarization”, praising gold Nassim Taleb addressed his community of X followers to mention that there is real “de-dollarization” of the world taking place, however, it…

Wrapped Bitcoin (WBTC), a popular ERC-20 wrapped version of bitcoin that also has versions on other chains, has seen its supply contract slightly since Justin Sun’s involvement was announced. A Dune analytics dashboard created by 21.co that tracks the supply of WBTC on Ethereum suggests that the supply of WBTC on Ethereum has contracted by 3.7% over the last month. The largest burns in the last month seem to have come from Coinlist, FalconX, and Abra. Justin Sun’s role WBTC has attracted significantly greater attention since it announced that it would be transitioning the custody of bitcoin for the token…

A closely followed crypto strategist and trader thinks Ethereum (ETH) is gearing up to ignite big breakout rallies. Pseudonymous analyst Inmortal shares a chart with his 217,500 followers on the social media platform X suggesting that Ethereum will see one final dip before sparking a 75% surge to his target of $4,100. “Call me crazy, but I think ETH is a good SPOT trade here. Slower than SOL, but safer.” Source: Inmortal/X Zooming in on Ethereum, Inmortal notes that ETH has already broken out of its horizontal resistance on the low time frame. “ETH showing the way. Classic consolidation below…

Since October kicked off, the stablecoin market has experienced a modest boost, though overall growth has remained quite slow. Currently, the sector is valued at $172.7 billion, with 48.9% of stablecoins residing on Ethereum and 34.92% circulating on Tron. Although the stablecoin landscape has expanded considerably since the start of the year, transfer volumes have been in a steady decline since May. Crypto Market Gains, But Stablecoin Transfers Take a Hit—What’s Going On? This weekend, the fiat-pegged stablecoin market stands at $172.7 billion, according to defillama.com. For comparison, on Jan. 27, 2024, archived data from the same source showed a…

Gala Games token continued its recovery this week as demand for gaming cryptocurrencies rebounded. Gala (GALA) jumped to a high of $0.0217, its highest point since Aug. 27, and 61% above its lowest level this year. This rebound has brought its market valuation to over $859 million. Gala’s recovery occurred as other gaming tokens like Immutable X (IMX), Beam (BEAM), and Ronin (RON) rallied. All these coins have risen by over 20% in the last seven days. As a result, the total market capitalization of all gaming tokens tracked by CoinGecko has jumped to over $17.16 billion. You might also…

According to blockchain tracking service Whale Alert, a Bitcoin address holding 185 BTC, worth nearly $10,553,799, was suddenly activated after 11 years of dormancy. Whale Alert reported: “A dormant address containing 185 BTC ($10,553,799) has just been activated after 11.0 years.” 💤 💤 A dormant address containing 185 #BTC (10,553,799 USD) has just been activated after 11.0 years!https://t.co/OxUKClLbnG — Whale Alert (@whale_alert) September 10, 2024 The wallet, which had remained untouched for over a decade, resurfaced, attracting interest from the crypto community. The reasons behind its long dormancy and sudden activation remain unknown, fueling speculation ranging from forgotten investments to…

Paddle Finance, a prominent DeFi entity, has recently started a strategic collaboration with Quantlytica, a risk-analytics platform that uses artificial intelligence. This partnership intends to revolutionize over-the-counter lending, borrowing, and trading for users by leveraging AI technologies. The platform took to its official social media account to provide the details of this endeavor. Paddle and @Quantlytica are now buddies 🤝 Quantlytica’s AI risk data and AI strategies will power up Paddle, bringing smarter borrowing, lending, and OTC trades to our users. Here’s how:▶️AI-recommended lending/borrowing parameters: Get personalized suggestions for duration… pic.twitter.com/rfEQ5JWRW5 — Paddle Finance (@PaddleFi) October 22, 2024 Paddle Finance…

Ethereum price struggled to continue higher above the $2,750 resistance and corrected gains. ETH is now struggling to start a fresh increase above $2,650. Ethereum started a downside correction below the $2,650 support. The price is trading below $2,650 and the 100-hourly Simple Moving Average. There was a break above a connecting bearish trend line with resistance at $2,620 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a fresh increase if it clears the $2,650 and $2,680 resistance levels. Ethereum Price Starts Consolidation Ethereum price started a downside correction from the $2,750 resistance like…