Author: NBTC

The prices of Bored Ape Yacht Club NFTs once rivaled those of Ferraris fresh off the assembly line. Nowadays, the JPEGs cost as much as your average used car. When digital assets boomed in 2021 and 2022, the Bored Ape Yacht Club represented NFTs’ potential as an emerging asset class mixing community and art. In crypto, Apes were lauded as digital status symbols that existed on the bleeding edge of tech. When the collection’s maker Yuga Labs teased details about its upcoming Otherside game—which is still under development—the market for Bored Apes was frothy. Around that time, Apes reached a…

Shiba Inu burn rate spikes 28,145% as a Coinbase user destroys over 96 million SHIB tokens. In a startling development, an unknown wallet burned 96,086,320 (96.08 million) SHIB in a single transaction. As usual, the renowned Shiba Inu community-driven burn tracker Shibburn called attention to the latest transaction via an X post today. Data from Shibburn shows that the transaction occurred yesterday at 21:19 (UTC). Further investigation into the wallet suggests that its owner might be a Coinbase user. According to Etherscan data, the wallet has received funds from the San Francisco-based crypto exchange several times. Wallet Ends 154 Days…

Binance, the world’s largest cryptocurrency exchange by trading volume and users, is thrilled to announce the launch of its new Solana staking product, Binance SOL Staking, coming this September. This innovative offering introduces Binance Staked SOL (BNSOL), a versatile liquid staking token designed to maximize the benefits of Solana (SOL) staking while maintaining full control and flexibility for users.—With Binance SOL Staking, users can securely stake their SOL tokens on Binance and receive BNSOL in return. BNSOL acts as a liquid staking token, representing the staked SOL while allowing users to continue earning rewards and maintain liquidity. Unlike traditional staking,…

H.C. Wainwright, an investment bank that offers strategic advisory and equity research has launched a Bitcoin mining-focused deal tracker. Mike Colonnese, a managing director of equity research at H.C. Wainwright, announced the launch of the Bitcoin (BTC) ‘HCW BTC Miner M&A Deal Tracker’ in a note shared with crypto.news on Sept. 4. According to the analyst, the new dashboard will track merger and acquisition deals in the Bitcoin mining sector, providing key details such as purchase price, deal type, and enterprise value. The tracker will also offer an overview of the M&A on features such as growth targets, mining power,…

Closely followed crypto analyst Altcoin Sherpa is calling for caution amid what he sees as bearish price action for Bitcoin (BTC). Altcoin Sherpa tells his 219,000 followers on the social media platform X that BTC is continuously printing bearish patterns on the daily chart. He shares a chart suggesting that BTC is forming a simple set of lower highs and lower lows. “Even though we have a lot of euphoria on the timeline (and I’m also looking for dips), we have to still remember that BTC is in a one-day bearish market structure. What would change this? If we break…

In a recent update shared on social media, key metrics for several popular decentralized applications (DApps) have been disclosed, providing insights into their current performance and market impact. The tweet highlights significant data points on leading DApps, including Sky ($SKY), Aerodrome ($AERO), Lido Finance ($LDO), Uniswap ($UNI), Aave ($AAVE), PancakeSwap ($CAKE), Ethena ($ENA), Curve ($CRV), and GMX ($GMX). KEY METRICS ON POPULAR #DAPPS #Sky $SKY #Aerodrome $AERO #LidoFinance $LDO #Uniswap $UNI #Aave $AAVE #PancakeSwap $CAKE #Ethena $ENA #Curve $CRV #GMX $GMX pic.twitter.com/jpKmfoXjHv — PHOENIX – Crypto News & Analytics (@pnxgrp) September 4, 2024 The release of these metrics comes at…

The last seven days have been very crucial for the crypto exchanges in terms of liquidation as over $1.01 billion in funds were liquidated from prominent exchanges during the past week. An on-chain analytical firm shared the report and the stats on the social media platform, X. Top Exchanges by Liquidations in last 7 daysThe vast majority of the casualties were long positions last days, with more than $1.01B liquidated in total. Let’s take a look at the top exchanges by liquidations of longs and shorts within last week, according to @coinglass_com. pic.twitter.com/2ye6t23wCG — TOP 7 ICO | #StandWithUkraine🇺🇦 (@top7ico)…

Bitfarms defended its pending acquisition of Stronghold Digital Mining on Wednesday, calling recent claims from Riot Platforms “misleading.” The months-long feud between Bitfarms and Riot was revived Tuesday when the latter company called on Bitfarms to halt all transactions ahead of its October shareholder meeting. That message — in the form of Riot’s open letter to shareholders — came after Bitfarms last month revealed its proposed buy of Stronghold Digital. Read more: Riot criticizes Bitfarms’ acquisition proposal, board changes Riot, which is Bitfarms’ largest shareholder, criticized the pending $125 million stock-for-stock transaction (with Bitfarms also set to assume $50 million…

Bitcoin (BTC) is aiming to reclaim the psychological level of $60,000 amid a short-term correction, with analysis suggesting that technical indicators point to the cryptocurrency being poised for a new record high. In particular, in an X post on August 12, the analyst by the pseudonym TheMoonCarl stated that Bitcoin is facing key resistance, which, if breached, could lead to the cryptocurrency reaching $125,000. The prediction is based on forming a “cup and handle” pattern. TheMoonCarl showcased Bitcoin’s price movement from 2021 to the present day, highlighting the formation of the cup portion, which began after the asset’s decline in…

As of recent data, the Ethereum network boasts an impressive total value locked (TVL) of approximately $46 billion. It reflects its significant role in the decentralized finance (DeFi) ecosystem. As per the data provided by DefiLlama, it highlights how this value is been distributed across different protocols. Top Ethereum Protocols by Total Value LockedThe total value of assets locked in @ethereum $ETH is around $46B, according to @DefiLlama. Let’s compare the top DeFi-protocols on #Ethereum chain by current #TVL in USD, in order to evaluate their adoption scale. pic.twitter.com/fJAmmHL6oO — TOP 7 ICO | #StandWithUkraine🇺🇦 (@top7ico) September 4, 2024 Lido…