Author: NBTC

Even though Ethereum’s (ETH) price has not produced the gains that holders would hope for, recent data shows that investors holding the altcoin have remained resilient and optimistic. This could be surprising, especially as the Ethereum Foundation, which has been at the helm of selling ETH, has liquidated some assets again. While the sale initially sparked valid concerns, this analysis explains why holders are unfazed by the development. Another Sale Leaves Ethereum Holders Unfazed Earlier today, the Ethereum Foundation sold 100 ETH for $262,474. This sell-off is just a little part of the coins the foundation has let go over…

XRP has crashed from $0.6396 to $0.5846, a 5.30% drop within the last 24 hours in an apparent gain reversal. Meanwhile, data from Coinalyze shows that open interest has slipped by 11.09% in the futures market. This leaves the perpetual contract at $476.3 million, while the futures contract recorded $2.9 million. The XRP open interest data reveals Bybit and Binance as the top exchanges with the greater flow volume. Bybit surpasses Binance in XRP open interest volume Notably, Bybit had a total volume of $215.77 million in XRP open interest. This puts it over $12 million above Binance known to…

Merlin Chain has announced a strategic partnership with UXUY, a next-generation multichain infrastructure backed by Binance Labs. This engagement will help broaden the DeFi ecosystem by integrating Merlin Chain into UXUY’s decentralized multichain wallet within Telegram. 🚀 Strategic Partnership Announcement! 🚀We’re thrilled to announce that Merlin Chain is partnering with @uxuycom to drive the future of decentralized finance! 🔗✨UXUY, incubated and invested in by @BinanceLabs, is a next-gen multichain infrastructure creating the first… pic.twitter.com/0oBCoRDVZS — Merlin Chain (@MerlinLayer2) September 30, 2024 DeFi users will have improved accessibility and scalability, especially in the Bitcoin Layer 2 ecosystem. Merlon Chain shared this…

Bitcoin (BTC) has surged past $65,000 in the past 24 hours, driven by stock market volatility following strong U.S. labor force data and new economic stimulus reports from China. Global stock markets rose after China’s leadership pledged to stimulate its economy with additional fiscal measures, while positive labor market data in the U.S. further boosted investor optimism. Jobless claims fell by 4,000 last week to 218,000, the lowest in four months, according to the U.S. Labor Department. On the same day, China’s Politburo said it was important to “further enhance the focus and effectiveness of policy measures” to support the…

Shiba Inu’s official marketing lead Lucie has published an X post in which she addressed not only the SHIB army but the global crypto community overall. Lucie issued a warning in which she spoke much wider than just SHIB, she spoke about crypto and the possibilities it provides to the world. Lucie addresses crypto holders with warning The marketing lead of the Shiba Inu team dwelled on the possibilities that are provided by cryptocurrencies, saying that they are “endless.” She reminded the community that while some people will “make a good profit” on crypto, others will “bag huge money” and…

It’s a new era for Telegram crypto games. The long-awaited Hamster Kombat token launch and airdrop happened last week, and while the game is currently in the midst of a short “interlude” season before embarking on an expansive roadmap of future plans, players are starting to look for the next buzzy games to play that haven’t yet launched their own respective tokens. Luckily, we’ve been knee-deep in Telegram games all the while, both playing the other big ongoing games and trying out a bevy of newcomers that are starting to gain traction. Looking to try out a few new Telegram…

Cryptocurrency analytics firm Alphractal reported in its latest analysis that large-scale investors, known as whales, have resumed shorting Bitcoin (BTC) as the price approaches $65,000. According to the firm’s Whale Position Sentiment indicator, this shift marks a significant moment in market dynamics as whales continue to exert a strong influence on price action. Whale Position Sentiment is an indicator that tracks leveraged whale positions across multiple exchanges. A decrease in the metric indicates an increase in short positions, while an increase indicates a trend toward long positions. Given the strong correlation between whale activity and market movements, these shifts are…

Ripple’s new stablecoin is being tested on Ethereum and XRP Ledger. RLUSD isn’t tradeable yet as it still has to get regulatory approval. Ripple, the enterprise-focused blockchain service and creator of the XRP Ledger (XRP), said on Friday that it begun testing its stablecoin on the Ethereum (ETH) mainnet and XRP Ledger. “Ripple USD is currently in its beta phase and is being rigorously tested by our enterprise partners,” the company said in a blog post. “This phase is crucial for ensuring that the stablecoin meets the highest standards of security, efficiency, and reliability before it becomes widely available, and…

After Bitcoin and Ethereum spot ETFs were approved for trading in the United States, multiple fund providers identified Solana as the next big target and filed to offer such crypto ETFs. Following this week’s approval of a Solana ETF in Brazil, experts suggest that a U.S. counterpart is sure to come—but when, exactly, remains unclear. While Brazil has emerged as a trailblazer in the realm of crypto ETFs, the United States—a traditional financial powerhouse—is grappling with a more cautious approach as the U.S. Securities and Exchange Commission (SEC) continues to navigate the complex waters of crypto regulation. The stark contrast…

Valhalla, the play-to-earn NFT game, has announced its partnership with the football club Sunderland AFC. Valhalla will be the back-of-the-shirt sponsor for the club’s 24/25 season. Valhalla partners with Sunderland AFC for the full 24/25 season ⚽️We are proud to announce that Valhalla, our flagship Play-to-Earn MMORPG, is partnering with Sunderland AFC for the full 24/25 season as a prominent back-of-shirt sponsor!Key highlights of this partnership:– 4… pic.twitter.com/bdbPLMkEif — FLOKI (@RealFlokiInu) August 9, 2024 Valhalla is a play-to-earn NFT metaverse game that is powered by the $FLOKI token. On the mainnet, users would have to hold a certain amount of…