Author: NBTC

An on-chain analyst has explained signals in several metrics to see if Bitcoin is in a bearish phase. These Bitcoin Indicators Could Be To Follow For Bear Market Signals In a new post on X, on-chain analyst Checkmate replied to a user asking about an on-chain metric indicating when it’s time to turn bearish on cryptocurrency. Checkmate has shared two indicators: the Short-Term Holder Realized Profit/Loss Momentum and the Short-Term Holder MVRV Ratio Momentum. “Short-Term Holders” (STHs) here refer to the Bitcoin investors who bought their coins within the past 155 days, meaning that both of these metrics are only…

According to data provided by Arkham Intelligence, financial giant BlackRock has overtaken Grayscale in the Bitcoin ETF race for the first time. As noted by the firm, BlackRock’s ETFs, IBIT and ETHA, have now surpassed Grayscale’s products, including the firm’s scaled-down “mini” versions of its ETF. The two major ETF players are currently at $21.217 billion and $21.202 billion. Now, the Larry Fink-helmed firm boasts the largest ETF holdings of any provider. As reported by U.Today, BlackRock’s groundbreaking trailblazing IBIT is now expected to become the largest single holder of the leading cryptocurrency, surpassing none other than Satoshi Nakamoto. On…

Aethir Cloud operates 43,000 enterprise-grade GPUs and 3,000 NVIDIA H100 GPUs. The company supports over 10 game studios with its extensive GPU infrastructure. ATH token offers utility in Aethir Edge rewards, partner coin earnings, and future DeFi applications. Aethir Cloud, a leading software company, has revealed impressive numbers that demonstrate its strong position in the sector. Aethir Cloud (@AethirCloud) statistics:• 43,000 enterprise-grade GPUs available • 3,000 state-of-the-art NVIDIA H100 GPUs• 80,000 additional top-tier GPU chips• 200,000+ users• 10+ game studiosThat’s impressive right? Then wait to you see what their token $ATH does.… — hoeem (@crypthoem) July 5, 2024 Aethir Cloud…

Mastercard is all-in on blockchain. Earlier this week, the payments giant launched a debit card with MetaMask that allows holders to spend self-custodied tokens at any store or site where Mastercard is accepted (see: almost everywhere). “We’re opening up this crypto purchase power to our 100 million-plus acceptance locations,” Raj Dhamodharan, Mastercard’s head of crypto and blockchain, told Decrypt. “If consumers want to buy into it, if they want to be able to use it, we want to enable that—in a safe way.” Perhaps in the name of safety, the new MetaMask Card isn’t compatible with most cryptocurrencies. You can’t…

According to the latest data from CryptoQuant, bears might be in control of Bitcoin given the asset’s funding rates reaching a negative level across all crypto exchanges, including Binance. For context, funding rates are essential in perpetual futures markets to ensure the price of perpetual contracts aligns closely with the spot market. These rates can be either positive or negative, depending on market conditions. A positive funding rate implies that long position holders pay shorts, typically signaling bullish sentiment. Conversely, negative funding rates suggest shorts pay longs, indicating bearish sentiment. Funding Rates Signal Market Shift According to EgyHash, the analyst…

In recent years, crypto influencers have rebranded ‘newsletter guru’ and ‘trading signals’ communities under a new name: ‘alpha drops.’ These groups of mostly young, male, English-speaking crypto influencers congregate on social media platforms like Discord, Telegram, or WhatsApp to hear so-called leaders flex newfound wealth in an effort to lure followers into buying subscriptions by promising to share their best trades. ‘Alpha’ is a Greek finance term that refers to an asset’s excess return relative to a benchmark index like the S&P 500. It is the idiosyncratic price, isolated from broad, correlated movements of assets. In finance, ‘seeking alpha’ is…

Ondo Finance, a popular platform offering institutional-grade financial services, has announced the latest integration. As per the firm, it is integrating a next-generation margin trading forum and money market “Dolomite” which serves Polygon zkEVM, X Layer, Mantle, and Arbitrum. The platform revealed this new initiative on its official social media account. 🌐 We’re delighted to welcome @Dolomite_io to the Ondo Ecosystem following an integration of $USDY on the @0xMantle deployment of its money market and margin trading protocol! 🌐⚖️ Dolomite is a money market and margin trading protocol serving Arbitrum, Mantle, X Layer and… pic.twitter.com/xz1FfEipF5 — Ondo Finance (@OndoFinance) July…

Tuna Chain has recently become a part of the Ontology ecosystem with a new partnership. This step marks a notable advancement in blockchain technology. Tuna Chain is distinguished as the first modular Layer 2 solution built on Bitcoin. It employs a ZK-OP hybrid approach to seamlessly integrate Ethereum’s EVM (Ethereum Virtual Machine) capabilities into the Bitcoin network. 🚀 Ontonauts, let’s welcome @TunaChain to the Ontology ecosystem! 🌐TunaChain is a cutting-edge L2 bringing EVM compatibility to the BTC network, enabling smart contracts & dApps like never before.🔥 Get ready for our upcoming AMA on the future of the BTC ecosystem. pic.twitter.com/XQ8nIKIfNV…

Before the shift in mortgage rates, the United States housing market had been a tough nut to crack. Interest rate lock in at low pandemic and pre-pandemic rates has kept homeowners from selling their homes or refinancing. Mortgage Rates Falling Ahead Of Fed Cut Meanwhile, the low supply of homes for sale as a result of the pandemic era interest rate fluctuations has kept home prices sky high. The 30-year fixed-rate mortgage in the U.S. fell to 6.47% by Aug. 8, according to data from the St. Louis Federal Reserve. In November, home loan rates rose to record highs not…

Palestine might soon join the BRICS club, according to recent developments. The group recently expanded to include four more countries and is now getting ready for a summit in Kazan, Russia, scheduled for October 22-24, 2024. For the first time, Palestine could be at the table, discussing the global economy, trade, and currencies with these heavy hitters. It’s a big deal, especially given the geopolitical weight of BRICS. The official invite is expected to land in Palestine’s lap any day now. President Mahmoud Abbas confirmed that discussions with Russia have been positive. And Russia’s the one at the forefront of…