Author: NBTC

In a dramatic turn of events for Shiba Inu, the dog-themed cryptocurrency has seen a remarkable 466% increase in weekly burns, yet its price has dropped by 22% over the same period. According to the Shibburn X account, 364,382,742 SHIB tokens were burned in the last seven days, representing a 466.83% increase in the weekly burn rate. HOURLY SHIB UPDATE$SHIB Price: $0.00001333 (1hr 2.53% ▲ | 24hr -13.26% ▼ )Market Cap: $7,846,500,195 (-13.49% ▼)Total Supply: 589,272,561,830,745TOKENS BURNTPast 24Hrs: 7,367,937 (-34.98% ▼)Past 7 Days: 364,382,742 (466.83% ▲) — Shibburn (@shibburn) July 5, 2024 The 466% rise in burns indicates a concerted…

Bitcoin struggles under bearish conditions with modest recovery attempts. Expiring BTC options may influence upcoming price movements. Bitcoin, the leading cryptocurrency, continues to struggle under bearish conditions, despite recent attempts at recovery. After briefly falling below $56,100, Bitcoin has rebounded slightly and is currently trading at $58,000, reflecting a modest decline. Notably, trading volume is up by 11%. And, over the past seven days, Bitcoin has experienced a 4.4% drop. This bearish momentum aligns with a broader market sentiment downturn yesterday, exacerbated by the release of U.S. Consumer Price Index (CPI) data. Although the stock market reacted positively, U.S.-listed spot…

A prominent analytics-providing platform, Phoenix Group, has recently provided a list of top DeFi projects based on weekly ETH burning. The list containing the ETH-burning DeFi projects includes Uniswap, 1inch, USD Coin, 0x Protocol, Metamask, Gnosis, Pendle, Kyber Network, Aave, and ParaSwap. The analytics provider provided the details of these projects in its latest X post. TOP #ETHEREUM BURNER #DEFI PROJECTS#Uniswap $UNI #1Inch #USDcoin $UCDC #0xProtocol $ZRX #Metamask #GnosisChain #Pendle #KyberSwap #Aave $AAVE #Paraswap pic.twitter.com/gH9achuxQ8 — PHOENIX – Crypto News & Analytics (@pnxgrp) August 18, 2024 Uniswap Leads the DeFi Projects Based on Weekly ETH Burning As per the data…

Contrasting Bitcoin’s recent decline to $53,500, Andrew Tate’s Daddy Tate (DADDY) meme coin demonstrates resilience, suffering only a modest 5.64% drop over the past 24 hours. This occurs as the broader cryptocurrency market crashes, with major players like Ethereum (ETH) and Solana (SOL) taking sharp dives. Meanwhile, Tate’s other meme coin, Real Nigger Tate (RNT), is up by over 17%. His meme coins surge amidst anticipation of an airdrop. Andrew Tate Shares Plans For The Real World (TRW) Token According to data from DEX Screenr, DADDY’s market capitalization has reached approximately $115 million, surpassing the 50,000-holder mark. This milestone is…

Bitget, a prominent name in the cryptocurrency exchange and Web3 space, has introduced a pioneering Task-to-Earn (T2E) platform aimed at crypto influencers, Key Opinion Leaders (KOLs), and professional traders. Known as the Bitget Booster Platform, this initiative is the first of its kind launched by a Centralized Exchange (CEX), signaling a new approach to influencer marketing in the crypto industry. The Bitget Booster Platform is designed to connect content creators with emerging crypto projects, facilitating community engagement and broader adoption. Bitget has committed to distributing over $5 million in commission rewards during the platform’s first year, aiming to support thousands…

Bitcoin’s (BTC) price continues fluctuating within the $58,000 to $61,000 price range following its recovery from the ‘Black Monday’ crash. However, analysts remain unsure about the next step for the flagship cryptocurrency. Some market watchers suggest the key levels BTC must break to continue the bullish run, while others highlight signals that could indicate a timeline for the next leg up. Analysts Unsure About BTC’s Next Move On August 5, the crypto market experienced a massive crash that shredded over 20% of most cryptocurrencies’ gains. Bitcoin led the market with a 22% decline from its monthly opening (MO) of $63,000.…

The current state of Solana is an interesting one. As one of the leading blockchains with a growing community of developers and users, the emerging network of choice has developed well over the past few years. Despite the hype with the efficiency of the technology, rug pulls were inevitable due to the lack of discovery and transparency of some coins. —So what solutions are being developed right now to make this a problem of the past?For one, there are a few specific new innovations on the Solana chain that the pop culture of crypto can appreciate. Protocols such as pump.fun…

Bitcoin evangelist Adam Back has warned cryptocurrency investors against placing their bets on meme coins, which have emerged as a red-hot market sector. Back also claims that market participants should steer clear of other alternative cryptocurrencies as well. The cofounder of blockchain technology company Blockstream is convinced that Bitcoin is the only “investment grade” crypto. The meme coin sector recently experienced a revival because of such success stories as Pepe (PEPE) and dogwifhat (WIF). Various celebrity meme coins from influencers like Iggy Azalea further fueled speculative fervor. As reported by U.Today, former Goldman Sachs analyst Murad Mahmudov recently opined that…

Blockchain-based tower defense game Ragnarok: Monster World is now available for most people to play on mobile devices. This beta test will run for just one week with players being rewarded for their participation. Ragnarok Online is an iconic massively multiplayer online role-playing game (MMORPG) that has amassed over 167 million downloads globally since its 2002 launch. This is the South Korean franchise’s first venture into the world of blockchain gaming with the game’s beta test launching on Ethereum sidechain gaming network, Ronin. Despite being billed as a “closed” beta test, Ragnarok: Monster World is available for anyone to download—aside…

Backpack Exchange has recently joined the list of 29 companies that have applied to the Turkish Capital Markets Board (SPK) to operate as a crypto asset service provider. The SPK has updated its “Operating Companies List,” which showcases crypto asset service providers that have applied for preliminary licenses. Initially, the list featured 47 companies, but the latest update now includes a total of 76 companies. Among the newly added companies, Backpack Exchange stands out. Backpack Exchange is a centralized cryptocurrency exchange based on the Solana blockchain. It offers a reward system that grants users points based on their trading volumes.…