Author: NBTC

No Bitcoin (BTC) cycle has reached its peak without undergoing double-digit corrections, as pseudonymous trader @CryptoJelleNL has noted. All of them were spicy buy opportunities, but their patterns are changing cycle by cycle. Bitcoin (BTC) dropping by 20-25% would open “buy-the-dip” opportunity Bitcoin (BTC), the largest cryptocurrency, might see at least one double-digit correcton on its way to a new price high. Once it drops by 20-25%, an opportunity window opens for BTC bulls, as explained by a seasoned crypto investor who goes by @CryptoJelleNL on X. Corrections are an essential part of a #Bitcoin bull market — but with…

Ondo Finance (ONDO) has recorded substantial growth lately, maintaining bullish trends over the past week after a 45% surge. Amidst the optimism, Santiment’s data shows an uptick in large ONDO transactions. Token transfers worth over $100K climbed to 91 from 68 within the past day. The uptick in market-moving transactions follow the latest developments about BlackRock venturing into the RWA sector by launching a tokenized digital fund. The surged whale activity matches the substantial decline in the token’s supply on crypto exchanges. Santiment shows the metric slumped to 529.6 million from 536.64 million over the last 24 hours. That confirms…

Whale Alert, a crypto transaction monitoring platform, has detected a significant movement in the XRP market. As reported by CoinMarketCap, approximately 30 million XRP tokens worth $19 million were withdrawn from Upbit, South Korea’s leading cryptocurrency exchange. Rise in XRP Prices Triggered 30 Million XRP Transfer The withdrawal was directed to an undisclosed address labeled “r3ow”, known for its history of processing large XRP transactions. Currently, only 978,122 XRP tokens remain at this address, indicating a rapid distribution to various destinations. 🚨 30,000,000 #XRP (19,009,084 USD) transferred from #Upbit to unknown wallethttps://t.co/3YC9fe1jQv — Whale Alert (@whale_alert) March 22, 2024 Such…

The U.S. Securities and Exchange Commission (SEC) has filed its opening remedies brief in the ongoing legal tussle against Ripple. Prominent XRP lawyer James K. Filan made this known in an X post today, emphasizing that the SEC’s opening remedies-related brief and supporting documents were filed under seal. #XRPCommunity #SECGov v. #Ripple #XRP The @SECGov has filed, under seal, its opening remedies-related brief and supporting documents. These documents are not public yet. Public, redacted versions will be filed no later than Tuesday, March 26, 2024. — James K. Filan 🇺🇸🇮🇪 (@FilanLaw) March 22, 2024 Public Release Date Since these documents…

Bitcoin has new buyers in the form of some of Wall Street’s biggest players, and they’re gathering some enormous treasuries. Bitcoin ETFs in the US are now sitting on almost 4% of all bitcoin in existence. Spot funds overall held 776,464 BTC ($47.7 billion) on Friday morning, per BitMEX Research. There’s currently 19.64 million BTC ($1.21 trillion) in circulation, with an eventual limit of 21 million to be reached over the next century or so. Read more: Stop worrying so much about the next Bitcoin halving Led by Grayscale’s Bitcoin Trust (GBTC), the set of 10 physically-backed funds launched on…

Bots are front-running other bots in the hopes of front-running meme coin traders. Welcome to the degenerate world of Ethereum layer 2 tokens. Posting to X (formerly Twitter), meme coin trader GK screenshotted four examples of traders building bots to front-run other meme coin traders’ bots. Specifically, a bot is executing an identical sequence of layer 2 blockchain actions across various meme coins on Base, the Coinbase-operated layer 2 atop Ethereum’s layer 1 blockchain. (A layer 2 is a more centralized version of a regular, layer 1 blockchain.) Hahahaha there’s a guy on Base launching the most low-effort shitters, adding…

In a recent turn of events, rumors have circulated regarding OKX Founder Star Xu’s arrest by American authorities. However, Xu has refuted the claims by posting messages on his official X account. Chinese crypto journalist Colin Wu recently shared an X post, providing updates on the rumors surrounding the United States’ scrutiny over OKX Founder. According to Wu’s X post, Xu has shared three X posts in an attempt to dismiss the rumors. The reporter also shared insights on similar rumors that were frequent after Binance founder Changpeng Zhao’s prosecution in the US. There are rumors in the Chinese community…

Crypto analytics firm IntoTheBlock revealed in its weekly newsletter that over 97% of Bitcoin holders are “in the money.” This level of profitability has not been seen since November 2021. During the last instance of such widespread profitability, Bitcoin’s price was approximately $69,000, close to its all-time high. This significant percentage of profitable addresses reduces the impact of selling pressure from users looking to break even. The firm’s methodology involves comparing the average purchase price of Bitcoin held in any address against its current market value. Addresses are classified as “in the money” if the current price of Bitcoin is…

Coinbase’s trading volumes are booming in the first quarter, JMP Securities said. The broker sees just as big an opportunity coming from the exchange’s ancillary businesses. JMP has a market outperform rating on the stock with a $300 price target. Coinbase (COIN) is more than just a crypto exchange, and momentum is continuing to build in its ancillary businesses, JMP Securities said in a research report Thursday. “We still estimate material growth opportunities in the exchange business as the market matures, with rising prices generally correlating with activity,” analysts led by Devin Ryan wrote. JMP notes that Coinbase’s daily spot…

ShimmerSea becomes MagicSea, a leading DEX and NFT marketplace on IOTA EVM, offering real yield for token holders. A major protocol upgrade introduced the Liquidity Book, enhancing DeFi’s trading experience and competitiveness. In an announcement in a post on X, ShimmerSea, a decentralized exchange (DEX) and NFT marketplace, announced that it is undergoing a transition. This change, which led to the project’s rebranding as MagicSea, is significant for both the community and the initiative. MagicSea is positioned to emerge as the leading multi-chain DEX and NFT marketplace by leveraging IOTA technology, opening up new opportunities for DeFi fans across the…