Author: NBTC
Changpeng CZ Zhao just bought 1 BNB worth of $TST (approximately 5,400), and now he’s figuring out how to add it to a liquidity pool (LP). The former Binance CEO admitted via a post on X that the process wasn’t as easy as expected, even for someone who built the world’s largest crypto exchange. “DEX is so much harder to use. 27 minutes to do a test buy… Still haven’t figured out how to add to the liquidity pool. And you have to do this while they are all watching on the blockchain,” CZ wrote. On-chain details of CZ’s TST…
The leading coin, Bitcoin, has been trading within a narrow range since the beginning of February. It has struggled to break out of consolidation as both buying and selling pressures remain subdued. On-chain data suggests that this period of sideways movement could persist due to weakening activity on the Bitcoin network. Bitcoin Could Face Prolonged Sideways Movement as Network Activity Drops According to a recent report by pseudonymous CryptoQuant analyst Avocado_onchain, Bitcoin network activity has been steadily declining, contributing to BTC’s recent narrow price movements. If this continues, “we must consider the possibility of another prolonged consolidation phase, similar to…
An ether (ETH) position worth more than $126 million came within 4% of being liquidated amid a crypto market plunge on Tuesday. ETH has now retraced more than the entirety of Sunday’s rally, shedding 22% of its value in the past 48 hours as it trades at $2,080. A fortuitous bounce at $2,000 protected Ethereum’s decentralized finance (DeFi) ecosystem from a series of liquidations on collateralized debt platform MakerDAO. The first level sat at $1,929 with another two positions set to be liquidated at $1,844 and $1,796. The combined value of all three positions is $349 million. Price action is…
This is a segment from the Empire newsletter. To read full editions, subscribe. It’s hard to deny that crypto is having a moment, especially when the President of the United States posts about crypto on a Sunday morning. While that’s currently the bullish force pushing us forward to start the week — after a less than stellar time last week — it’s hard to say whether the positive momentum is enough to last. Here’s the good thing though: We don’t necessarily need to just rely on posts from world leaders to legitimize the space, we’re seeing that happen in a…
A single transaction totaling 13,046,414 SHIB has recently caught the attention of the Shiba Inu community. In a recent tweet, ShibburnX, an X account that tracks SHIB burns, reports a large token burn, with 13,046,414 SHIB transferred to a dead wallet in one go. 🔥 13,046,414 $SHIB -> transferred to dead wallet. https://t.co/hYpkdYsRxm — Shibburn (@shibburn) February 21, 2025 Shiba Inu’s burning strategy is intended to lower the total supply of SHIB, resulting in scarcity and potentially increasing its value over time. The current burn could be initiated by the Shiba Inu community, a deliberate move by a large holder,…
Bitcoin (BTC), the first and largest cryptocurrency by market capitalization, is at a critical juncture, as key metrics signal an imminent shift in momentum and profitability. According to Glassnode, Bitcoin’s STH-SOPR (7D SMA) is currently testing the breakeven level of 1.0. The Spent Output Profit Ratio (SOPR) is calculated by dividing the realized value (in USD) by the created value (in USD) of a spent output. Simply put, this refers to the price sold divided by the price paid. The Short-Term Holder SOPR (STH-SOPR) is an indicator that only considers spent outputs less than 155 days old and is used…
From its early days on Ethereum to its expansive reach across layer-2s and alternative chains, Aave has solidified itself as a leader in decentralized finance. Aave (AAVE) metrics skyrocketing: Overview AAVE tokens have had a massive surge of over 21% this week, vastly outperforming the broader crypto market. This rally follows a significant governance proposal from Aave DAO, which seeks to enhance the token’s value accrual mechanisms. Key elements of the proposal include: A profit-sharing model for AAVE stakers. A “buy and distribute” program to support price stability and long-term value. A novel “Anti-GHO” mechanism to burn or convert GHO…
Ethereum (ETH) has been on a sharp downward trajectory after reaching highs above $4,000. The price has now dropped below $2,100, leaving traders questioning whether the correction is nearing its end or if more pain is ahead. With increasing selling pressure and a weakening market structure, the big question remains—could ETH fall to $1,000, or is a strong recovery imminent? This analysis will break down Ethereum’s key support and resistance levels, technical indicators, and potential price trajectory in the coming weeks. Ethereum Price Prediction: How Bad Is Ethereum’s Current Downtrend? ETH/USD Daily Chart- TradingView Ethereum has been experiencing a continuous…
This is a segment from the 0xResearch newsletter. To read full editions, subscribe. On Sunday morning, Trump announced on Truth Social his plans to enact a “crypto strategic reserve.” Which assets? The anointed few: XRP, SOL, ADA, ETH and BTC and maybe more. Markets loved it, of course. BTC jumped 6% on the day, ETH was up 5.3% and XRP rippled up 18%. But the reality is that the reserve is still just talk, pending Congressional action. Source: Twitter Putting aside legal issues, the idea that the US should build a crypto reserve is itself completely bizarre, and therefore should…
The official account of the Dogecoin team has quoted a tweet by the director of the Dogecoin Foundation Timothy Stebbing, in which he spoke of plans to make global adoption of Dogecoin a reality in the future. He also mentioned that there are some big partnerships coming. The Dogecoin account shared that tweet with a caption: “Adoption is inevitable.” Adoption is inevitable 🐾 https://t.co/qlUx8FNJBf — Dogecoin (@dogecoin) February 22, 2025 Bad news and major PR statement coming soon Timothy Stebbing started from “bad news,” saying that the Dogecoin Foundation’s legal team asked him not to reveal the names of major…