Author: NBTC

Bitcoin whales made a substantial purchase of 84,000 Bitcoins in July, marking the largest monthly increase since 2014. Market trends indicate a potential bullish shift, with significant trading volumes observed during price dips. BlackRock’s Bitcoin ETF has exhibited remarkable stability, reflecting solid institutional investment confidence. Discover why Bitcoin’s recent surge in purchases by large investors could signal a major market shift and what it means for future price trends. Bitcoin Whales’ Massive Buys: What’s Next? In July, Bitcoin experienced a significant accumulation by large investors, colloquially known as ‘whales.’ These entities acquired 84,000 Bitcoins, marking the highest level of monthly…

Decentralized crypto platform Aave (AAVE) has emerged as the leader among the top five lending and borrowing protocols, recording over $24 million in fees over the past 30 days. Aave enables users to create liquidity markets, allowing them to earn interest by supplying or borrowing assets. Aave Protocol Leads in 30-day Fees According to Token Terminal, Aave leads the lending and borrowing sector, followed by Morpho Labs, Venus, Compound Finance, and Moonwell. Michael Nadeau, founder of The DeFi Report, notes that Aave commands a 64% market share in the lending and borrowing markets. Aave boasts 4.6 times more active loans…

The surge of popularity of centralized second-layer scaling solutions threatens original Ethereum (ETH) values as they are too centralized, explains Justin Bons, founder and CIO of the oldest European crypto fund, Cyber Capital. Ethereum (ETH) captured by centralized L2s, Cyber Capital CIO says L2s should not be treated as “extensions” of Ethereum (ETH), as they do not inherit its qualities, and they are able to both steal and censor users’ funds. This statement was shared by renowned cryptocurrency expert Justin Bons in his recent X thread. Furthermore, none of Ethereum’s L2 has an incentive to get decentralized over time, as…

The European Central Bank is gearing up to challenge international payment giants by introducing its digital currency to strengthen Europe’s economic sovereignty. The European Central Bank is preparing to challenge dominant American and Chinese payment systems with the introduction of a digital euro, according to Piero Cipollone, a member of the ECB’s executive board. Speaking in an interview with Le Monde, Cipollone highlighted the need for Europe to bridge the gap with the United States, particularly in the realm of technology and productivity. Cipollone pointed out that while employment in the euro area has significantly improved, productivity growth remains a…

First gamified perpetual futures decentralized exchange (DEX), Merkle Trade is unveiling its Token Generation Event (TGE) Sequence, which has a Liquidity Bootstrapping Auction (LBA) and Genesis Staking, a unique combination that is built on Aptos, the scalable, secure, and feature-rich Layer-1 blockchain. With the backing of well-known investors such as Hashed and Arrington Capital, Merkle Trade is expanding on the July 25th-started success of Genesis Staking by launching an LBA that runs from August 29 to September 5th. For a prolonged period of time, the LBA will reward early users with unique USDC rewards. Merkle Trade sets itself apart from…

CryptoQuant head Ki Young Ju says that on-chain data is signaling that the Bitcoin (BTC) bull market is back on. The CEO of the analytics firm tells his 361,000 followers on the social media platform X that CryptoQuant’s Bitcoin bull-bear market cycle indicator, which tracks phases of investor sentiment, is back to bullish after briefly dipping into bear territory. “Most Bitcoin on-chain cyclical indicators that were hovering near the borderline have now shifted back to signaling a bull market. BTC was discounted for only three days.” Source: Ki Young Ju/X Based on the data, Ju says he believes the bull…

In a groundbreaking move set to reshape the landscape of decentralized finance (DeFi), COTI, renowned for providing the fastest and lightest confidentiality layer on Ethereum, has announced a strategic partnership with PriveX, the first intent-based privacy perpetuals decentralized exchange (DEX). This collaboration marks a pivotal moment in DeFi’s evolution, promising to deliver unparalleled privacy and security in perpetuals trading. Introducing a New Era of Confidentiality in DeFi COTI’s advanced cryptographic protocol, Garbled Circuits, lies at the heart of this partnership, enabling PriveX to integrate state-of-the-art privacy-preserving Layer 2 technology into its platform. This integration ensures that PriveX users can execute…

Ethereum (ETH) has underperformed Bitcoin (BTC) by up to 44% since Ethereum’s transition to a proof-of-stake (PoS) network known as “Merge” nearly two years ago, analysts at CryptoQuant report. Hailed as a major update to Ethereum’s blockchain, Merge marked the transition from the energy-intensive proof-of-work (PoW) mechanism to PoS, but since the switch, ETH’s performance has lagged behind Bitcoin. Merge, seen as a major upgrade to Ethereum’s blockchain, marked the transition from the energy-intensive proof-of-work (PoW) mechanism to PoS, but since the switch, ETH’s performance has lagged behind Bitcoin. CryptoQuant noted that ETH continued to underperform Bitcoin even after the…

According to RootData statistics, 111 publicly disclosed crypto VC investment projects took place in August, matching the total from July 2024. This represents a 41% increase compared to August 2023, when 78 projects were recorded. The total fundraising amount in August reached $785 million, marking a 22% decrease from the $1.01 billion raised in July. Crypto VC Investments Remain Steady in August Venture capital activity is a key indicator of major investors’ interest in the crypto market. While the number of publicly disclosed crypto VC projects in August remained unchanged from July, both months now rank as the third-highest for…

Ripple has completed a burn of 185 RLUSD tokens. This strategic decision reflects the company’s approach to maintaining a sufficient supply. By sending these tokens back to its issuer, Ripple is effectively removing them from circulation, thereby cementing its position as an authoritative player in the stablecoin landscape. Initially issued on August 22, RLUSD tokens were distributed across two blockchains: 185 tokens on the XRP Ledger and 200 tokens on Ethereum. This dual-platform release highlights Ripple’s strategy to value cross-chain interoperability and stability while maintaining the token’s peg to the US dollar. Each RLUSD token is designed to be worth…