Author: NBTC

Shiba Inu (SHIB) has seen its burn rate skyrocket by 5,094% over a positive week for the dog-themed cryptocurrency. According to a recent Shibburn hourly update, 2,019,681,290 SHIB have been burned in the last seven days, representing a 5,094.07% increase in the weekly burn rate. The increase in the weekly SHIB burn rate coincides with a strong upward trend in SHIB’s price over the past week. HOURLY SHIB UPDATE$SHIB Price: $0.00001989 (1hr -0.75% ▼ | 24hr -4.14% ▼ )Market Cap: $11,717,584,468 (-4.36% ▼)Total Supply: 589,269,169,601,825TOKENS BURNTPast 24Hrs: 2,050,516 (-98.03% ▼)Past 7 Days: 2,019,681,290 (5094.07% ▲) — Shibburn (@shibburn) September 29,…

Upbit, South Korea’s largest cryptocurrency exchange, has seen significant increases in trading volumes for several altcoins. Anomalous activity was detected across multiple timeframes, with some coins experiencing volume increases of over 200%. Below are highlights of the trading anomalies observed. Jupiter (JUP) On Upbit, trading volume for Jupiter has increased significantly on the 1-hour chart. The average trading volume over the last 50 periods was around $95,000, but the recent volume increased by 173.28% to $260,000. In contrast, Binance saw a slight decrease in volume over the same period, with an average of $625,000 and a recent volume of $574,000,…

Bitcoin’s price action is flashing warning signs, showing similarities to a bearish triple top pattern. This pattern hints at a possible decline, especially when viewed in the context of gold. According to Peter Schiff, Founder of SchiffSovereign, Bitcoin is likely to test the upward trend line near $42,000, though this level might not hold. A deeper correction to the longer-term support levels, between $15,000 and $20,000, seems a more likely trend. This looks like a triple top to me. The chart is even worse if you price #Bitcoin in #gold. At a minimum, Bitcoin is headed to the upward trend…

In a thunderous turn of events in the crypto space, a recent post claimed that a whale had purchased a whopping 1.4 billion Dogecoin (DOGE). That’s about $176.4 million at current prices, which got the attention of the Dogecoin creator Billy Markus also known as Shibetoshi Nakamoto. His brief yet eloquent response — “wat” — added more attention to the event as many wondered about the reason for this major transaction. What’s interesting is that this claim is similar to something that prominent crypto analyst Ali Martinez said just three days ago. He previously noted that Dogecoin whales had collectively…

Trump’s WLFI altcoin launches October 15, but strong social media engagement is crucial to maintain interest and value. Securing exchange listings is essential for WLFI’s credibility; negotiations with selective platforms will be key. Ensuring wallet and smart contract security is vital for WLFI; any vulnerabilities could significantly damage investor trust. Ki Young Ju, CEO of CryptoQuant, recently addressed the considerable challenges that former President Donald Trump may face in his new role as a Web3 entrepreneur. Trump is set to launch the public sale of his altcoin, WLFI, on October 15, following a live broadcast that will provide further details…

Investors in Bitcoin and cryptocurrencies are focused on the interest rate decision that the FED will announce tomorrow. While the FED is expected to start the interest rate reduction cycle by making its first interest rate cut, uncertainty continues about the size of the reduction. While analysts expect an increase following the FED’s interest rate decision, an updated assessment came from crypto analysis company Matrixport. Analysts, who stated that September has historically been a bearish month for BTC, said that the declines experienced by Bitcoin in September could pave the way for the rise in the 4th quarter. Analysts stated…

The crypto market is gearing up for one of its biggest token unlock events in 2024, with over $3 billion worth of tokens set to be released in October. BeInCrypto has highlighted the top three unlocks that will introduce a substantial influx of assets into the market. October Token Unlocks: What to Expect Data from TokenUnlocks indicates that approximately $1.6 billion of this month’s token unlocks are classified as cliff unlocks. In the context of token unlock events, cliff refers to tokens set to release on a schedule that’s more periodic than daily, such as weekly, monthly, or yearly. Cliff…

The KuCoin exchange has announced the listing of Puffer (PUFFER), a new project aimed at improving Ethereum’s scalability and security. According to the announcement, The PUFFER token will be available on KuCoin’s spot market starting today at 12:00 PM UTC, paired with USDT. KuCoin is currently accepting deposits of PUFFER tokens via the Ethereum ERC20 network. Trading starts today, but withdrawals for PUFFER tokens will be available on Tuesday, October 15, 24 hours after trading begins. Puffer’s Ecosystem: A Trio of Products for Ethereum The Puffer ecosystem has three main products: Puffer LRT: A liquid restaking protocol that allows anyone…

Industry leaders and Grok AI, an artificial intelligence chatbot developed by xAI, have analyzed the price trajectory of Bitcoin toward reaching $1 million. The analysis considers historical price trends, market sentiment, and macroeconomic factors. Notably, Bitcoin, currently priced at $58,527, would need to surge by 1,609% to hit the $1 million mark, resulting in a market capitalization of $19 trillion. When $1 Million? Historical data reveals that Bitcoin often experiences price surges following its halving events, which occur roughly every four years. These events reduce the rate of new Bitcoin supply, typically resulting in a price increase 12-18 months later.…

Today, enjoy the Forward Guidance newsletter on Blockworks.co. Tomorrow, get the news delivered directly to your inbox. Subscribe to the Forward Guidance newsletter. The state of crypto ETFs: Permissionless edition We’ve already noted there has been plenty of regulatory talk at Permissionless. ETFs were also a major point of discussion following the milestone launches of US spot bitcoin and ether funds in January and July, respectively. The bitcoin ETF chatter focused, in part, on the buyers driving the so-far $18.6 billion of net flows into the segment. “The industry had an expectation that was summed up by: ‘Here come the…