Author: NBTC
Not long after slamming cryptocurrency enthusiasts as the “degenerate losers” after rumors had started that he might be planning to launch his own digital asset, controversial influencer Andrew Tate has again shaken the cryptoverse by claiming he had made a fortune during the last crypto bull run. As it happens, the social media personality and former professional kickboxer recently voiced his opinion on the current state of the crypto market, drawing attention to the differences between meme coins and blockchain projects he believes have real-world applications, in an X post on March 18. What did Andrew Tate say? Indeed, Tate…
The former director accuses the U.S. federal government of suppressing XRP price as he encourages crypto fans to vote for Attorney Deaton in the upcoming Senate election. For years, there have been a series of debates regarding whether the price of XRP is being suppressed. With several community members believing that XRP’s price has been suppressed for years, some people blamed Ripple for this suppression. Experts like pro-XRP YouTuber Jerry Hall claimed that Ripple’s monthly XRP sales are responsible for the price suppression. It bears mentioning that Ripple sells hundreds of millions of XRP monthly to finance its operations. Federal…
Bitcoin (BTC) is on track to reach an all-time high before the end of the week, according to Markus Thielen, research director at cryptocurrency research firm 10x. Thielen’s prediction comes as Bitcoin hit an all-time high against the Euro on Monday and is nearing a record against the US dollar. In a note titled “Bitcoin’s Price Action This Week Will Surprise Everyone,” Thielen emphasized the importance of the weekend price action. He noted that attempts were made to liquidate leveraged long positions but there were no sellers. At the time of writing, Bitcoin was trading at just over $67,000, up…
In the dynamic landscape of investment management, Cathie Wood-led Ark Invest stands out for its proactive approach to navigating market fluctuations and identifying promising investment opportunities. Recently, the firm made significant trades, notably shedding shares of Coinbase Global Inc. and Block Inc., amidst ongoing fluctuations in the cryptocurrency market. This essay explores Ark Invest’s strategic portfolio adjustments, highlighting its rationale and implications for investors. Ark Invest’s disposition of Coinbase shares Ark Invest executed a notable sell-off of 30,458 shares of Coinbase, a leading cryptocurrency exchange platform, through its flagship ARK Innovation ETF. This transaction, valued at $7.3 million, coincided with…
According to data from blockchain analytics firm Lookonchain, a major whale has sold all 1.97 trillion PEPE tokens they held for a total of $6.07 million, netting a profit of $3.49 million. The funds were then redistributed across several other cryptocurrencies, including Shiba Inu (SHIB), Decentraland (MANA), The Sandbox (SAND), and Gala (GALA). A strategic portfolio rebalance The whale’s reallocation strategy appears meticulously calculated, with purchases spread across a spectrum of emerging and established digital currencies. Specifically, the investor acquired 75.9 billion SHIB tokens for $893,000, 1.6 million MANA tokens valued at $1.07 million, 2.43 million SAND tokens for $1.48…
Bitcoin could reach $300,000 at the peak of the next bull run, according to William Quigley, co-founder of stablecoin Tether. This prediction is based on historical patterns and current market sentiment, which Quigley believes has no limits. Quigley explained that Bitcoin is perhaps the only globally traded asset whose demand is based entirely on sentiment. “There is no Bitcoin company, there is no Bitcoin price-to-earnings ratio, it is just a sentiment-based token,” he said in a recent interview with CNBC. According to Quigley, this sentiment-driven structure of Bitcoin could potentially push its price to unprecedented heights. The potential increase in…
A Telegram trading bot for Solana-based memecoin has reached the $250 million mark in daily trading volumes, outpacing Coinbase’s entire Base chain. The meme coin frenzy appears to be signaling signs of reaching its top as even trading bots now rivaling entire sidechains in trading activity. According to data from analytical service Dune, BonkBot, which facilitates trading of Solana’s meme coin BONK, has reached an impressive daily trading volume of $251 million, generating nearly $1.4 million in fees. BonkBot’s trading volume and fees | Source: Dune You might also like: CryptoQuant CEO says meme coins are ‘worse than shitcoin ICOs,’…
VeChain’ VeBetterDAO is revolutionizing web3 with a sustainable dApp ecosystem. VeChain introduces fair-incentive utility for sustainable actions with B3TR token. VeChain’s B3TR airdrop campaign and Web3 innovations revealed. In a groundbreaking development, VeChain has officially launched the VeBetterDAO, marking a significant milestone for Web3 and ushering in a sustainable decentralized application (dApp) ecosystem. This initiative, a culmination of intensive ideation and development, aligns with VeChain’s broader vision of merging cross-sector sustainability with Web3 innovation. VeBetterDAO aims to blend cross-sector sustainability with Web3 innovation. We are targeting 1 million daily active users soon and 1 billion by 2030.Our ‘Web3 for Better’…
MANTRA Chain raised $11 million to build a network tailored to real-world assets, the buzzy TradFi-crypto crossover that has yet to take off. The project is close to securing all-important regulatory approval in the Middle East. The flood of investor capital into crypto’s “real world assets” sector shows no signs of slowing with MANTRA Chain, a planned network for swapping tokenized real estate and other assets, raising $11 million. MANTRA, a Middle East-focused project, is in the final stages of securing licensures from Dubai’s crypto regulator VARA, founder John Patrick Mullin told CoinDesk. These approvals will be essential in MANTRA’s…
Delta hard fork slashes Layer 1 fees across Optimism chains by up to 90%. Introduction of Span Batches consolidates Layer 2 blocks, reducing data transmission. OP Labs aims to ease the adoption of OP Stack by alleviating fee burdens for operators. Last week, the Optimism ecosystem witnessed a transformative shift with the deployment of the Delta hard fork across various chains, including OP Mainnet, Base, and Zora. This technical upgrade, designed to slash Layer 1 fees, has surpassed expectations, marking a significant milestone for Optimism and its community. A 90% decrease in fixed overhead costs The Delta hard fork, spearheaded…