Author: NBTC

Leading blockchain network Ethereum transitioned from a deflationary to an inflationary state amid a lower burn-to-mint ratio in the first half of 2024. CoinGecko, an independent crypto data aggregator, recently revealed that Ethereum emitted 540,958 ETH while only 465,657 ETH were burned from the beginning of 2024 up to now. This shift marks a significant reversal in Ethereum’s token economics, netting a total increase of 75,301 ETH in its circulating supply. Ethereum Flips to Inflationary Trend CoinGecko observed that Ethereum exhibited deflationary characteristics between the fourth quarter of 2022 and the first quarter of 2024. Notably, Ethereum’s emissions totaled 220,454…

Dog-themed cryptocurrency Shiba Inu (SHIB) has seen a whopping 540% surge in large transaction volume, which denotes whale activity. Large Transaction Volume estimates the total amount transacted by whales and institutional participants on a particular day. Spikes in Large Transaction Volume indicate increased activity among institutional players, whether buying or selling. In this context, large transactions refer to those greater than $100,000. According to IntoTheBlock data, Shiba Inu’s large transaction volumes came in to $92.42 million in the last 24 hours, representing a 540.04% increase. This amounted to 5.71 trillion SHIB in crypto terms. Shiba Inu price action At the…

Binance exec Tigran Gambaryan is reportedly being denied legal counsel and healthcare while detained on criminal allegations in Nigeria. Gambaryan was wheeled into an Abuja court during his last hearing on July 16 after his health deteriorated while in Kuje prison. Federal High Court judge Emeka Nwite signed an arrest warrant for the facility’s medical doctor. However, according to his family, punitive measures have done little to aid the arrested Binance executive. A statement shared with crypto.news on Aug. 12 said Gambaryan was bedridden due to several back issues and other health concerns. “I am begging the Nigerian government to…

About 80% of Bitcoin ETF purchases since their launch in January have been made by “self-directed investors” through online brokerage accounts, said Samara Cohen, chief investment officer for BlackRock, the world’s largest asset manager. Wall Street veteran Jim Bianco, president of financial research firm Bianco Research notes that retail investors, often referred to as “paper hands,” are more likely to sell their holdings during market downturns compared to traditional finance (TradFi) institutions. Bianco pointed out that the average size of a Spot BTC ETF trade is just $14.6k, significantly smaller than other popular ETFs among TradFi investors, and roughly one-tenth…

SwBTC generates yield using wBTC – the token pegged 1:1 to BTC that can be put to work in the Ethereum network while retaining the value of the world’s largest cryptocurrency. Swell’s aim is to extend the business case for restaking to crypto users who to benefit from the store of value offered by bitcoin while also benefiting from yields in other ecosystems. Ethereum staking project Swell has introduced “swBTC,” a liquid restaking token (LRT), to earn bitcoin holders yield from EigenLayer and rival restaking protocols Symbiotic and Karak. SwBTC generates yield using wBTC, the token pegged 1:1 to BTC…

Well-known crypto market analyst Peter Brandt has issued a warning about Ethereum (ETH) that has investors worried. Brandt, who is known for his more than 40 years of expertise in technical analysis, has spotted a series of patterns on the altcoin’s chart that suggest a potential price crash. Brandt’s outlook suggests the completion of a five-month rectangle pattern, followed by a retest of the breakout point. In addition, he has seen a rising wedge formation forming on the intraday chart. Based on this, Brandt announced that he is going short on Ethereum, with a price target of $1,651. This suggests…

Shytoshi Kusama, the pseudonymous lead developer of the Shiba Inu ecosystem, characterizes SHIB as a puppy, suggesting that the token still has more room for growth. The Shiba Inu lead made this known while recounting his experience in Kyoto, Japan. @Shibtoken @treatsforShib @kaaldhairya A quick recap and forward marching orders. #India #Kyoto #IVS pic.twitter.com/Ba6bpOzKMi — Shytoshi Kusama™ (@ShytoshiKusama) July 9, 2024 Kusama’s Encounter with a Geisha Kusama said he encountered a Maiko, an apprentice of a Geisha, during his recent trip to Kyoto. Following the Maiko’s stunning performance, the Shiba Inu leader said he engaged the entertainer in a conversation.…

In a recent interview with CryptoSlate at BTC Prague 2024, Tuur Demeester, a renowned Bitcoin research analyst at Adamant Research, shared his journey into the world of Bitcoin and provided insightful perspectives on the current state and future of digital asset adoption. From Shoes to Satoshi Demeester’s path to Bitcoin began in an unconventional way. Before becoming an analyst, he worked various odd jobs, including selling shoes and building websites. His interest in Austrian economics and the trade cycle eventually led him to global macroanalysis. In 2011, a publisher recognized his talent and offered him a position as a financial…

Although the marketing gimmick worked for a while, investors are starting to realize that so-called layer 2 scaling solutions are, in effect, just new blockchains. Merlin’s blockchain, which once billed itself as the largest ‘Bitcoin layer 2,’ has lost 63% of its assets since July 1 according to DefiLlama data — far more volatile than Bitcoin’s actual blockchain, which has lost just 5%. Worse, MerlinSwap, the most popular exchange for assets on this chain, lost a devastating 88% of its total value locked (TVL) over the same period. Merlin has at least two proprietary tokens, MERL and MP. Unfortunately, many…

Crypto analyst Poseidon (@CryptoPoseidonn) has released a detailed price prediction for Ethereum (ETH). His analysis, delivered to his 123,000 followers on social media platform X, revolves around the pivotal $2,160-$1,900 price range which has historically served as a significant high-timeframe (HTF) support since the summer of 2021. ETH Price Analysis: $8,000 Is Possible If … According to Poseidon, Ethereum recently retested what he describes as the “most crucial support level on the chart” after a significant breakout earlier in the year. This price zone has consistently acted as a key battleground for bulls and bears, making it a central focus…