Author: NBTC

Jump Crypto was one of the most active traders on Sam Bankman-Fried’s FTX and Do Kwon’s Terra/Luna/Anchor platforms. However, after losing at least $300 million after the collapse of FTX and untold civil ramifications for its role in Terra LUNA’s demise, Jump’s crypto heyday has passed. It has liquidated various DeFi positions on platforms like Lido and is sending tens of millions of dollars in proceeds to centralized exchanges. Jump is facing at least two class action lawsuits and a Commodity Futures Trading Commission (CFTC) investigation. Blockchain evidence from the weekend indicates that it might be trying to raise cash.…

Binance, the world’s largest cryptocurrency exchange, has made significant investments in various projects. These projects span categories such as BTC ecosystem, Gaming, Layer 1 (L1), Layer 2 (L2), DeFi and Liquidity Staking Derivatives (LSD). Here’s a look at potential Token Generation Event (TGE) projects that Binance has invested in and may distribute tokens in the second half of 2024: Babylon (BTC ecosystem): Binance Labs invested $96 million on February 27, 2024. Xterio (Game): An investment of $55 million was made by Binance Labs on July 13, 2023. Movement (L1): Binance Labs invested $41.4 million on May 1, 2024. Tabi (L1):…

Bitcoin’s ‘Banana Zone’ signifies a phase of rapid price escalation, drawing market and investors interest. Bitcoin’s Banana Zone highlights its rise as rules-based money versus traditional fiat’s debt-based model. Robert Kiyosaki shifts stance on Bitcoin, reflecting market volatility and the importance of long-term investment strategies. Raoul Pal terms of Bitcoin hitting ‘the Banana Zone’ have been echoed by financial advisor Robert Kiyosaki. The Banana Zone refers to a dramatic upward surge in Bitcoin’s price, leading to significant interest and market activity. Pal’s credibility, backed by his experience at Goldman Sachs and successful investment advice, supports his claims. Is the Banana…

While the sharp decline in Asian markets causes great anxiety in the global and cryptocurrency markets, there is a bloodbath in all markets. While the unprecedented sharp decline in Asian markets increased the selling pressure in risky assets, Bitcoin and altcoins also took their share, and all eyes turned to the US Federal Reserve. Investors have begun to price that the FED may hold an emergency meeting and cut interest rates before the regular meeting in September. The sharp decline in Asian markets and the Japanese stock market, unprecedented since 1987, caused recession concerns in the United States to strengthen,…

As the 2 tier-1 listing launch day for WadzPay (WTK) nears, WTK holders get anxious. Many believe that Binance is the only likely option for a WTK listing. The AED rail option makes Binance an easy choice to keep WadzPay’s UAE clients happy. The crypto market continues to paint a beautiful bullish green across the charts as Bitcoin (BTC) and altcoins continue to climb steadily upward. In particular, WadzPay (WTK) is just as bullish if not more. Presently, according to CoinMarketCap analytics, WTK is up by almost 10% and is showing steady signs of a greater upward climb in the…

Cryptocurrency-related stocks fell sharply today as rising geopolitical tensions and concerns about the global economy triggered a significant decline in Bitcoin (BTC) and Ethereum (ETH) prices. Crypto Stocks Also Fall as Bitcoin and Ethereum Fall Amid Global Tensions Coinbase (COIN), a major cryptocurrency exchange, saw its shares fall more than 9% in premarket trading in the US. MicroStrategy, a software company known for its significant Bitcoin assets, experienced a 13% decline. CoinShares, a Sweden-based crypto asset manager, fell 7.5%. The decline in cryptocurrency prices comes after disappointing US economic data. The Labor Department reported employment figures that fell short of…

Recently, the hype around a possible ETF (Exchange Traded Fund) on Solana has reached new peaks, thanks to the strategic move by the stablecoin issuer Circle, which has minted 250 million dollars in USDC on the Solana network. This event not only introduces significant liquidity into the network, but also strengthens investors’ confidence in a potential ETF based on Solana. Circle, the minting of $250 million in USDC and Solana approaching the ETF The growth of the Solana network Circle, the minting of $250 million in USDC and Solana approaching the ETF In the context of cryptocurrencies, an ETF on…

Bitcoin (BTC) faced a sharp price drop as the last week of Q2 began. The dramatic decline saw the flagship cryptocurrency momentarily lose its support above the $60,000 level on Monday. The drop left many investors wondering whether the bullish rally is over. However, crypto analysts remain optimistic about BTC’s performance and consider the drag down to be part of the quarterly retest. Is Bitcoin Headed For A ‘Chop Summer’? On Tuesday, crypto analyst Jelle made a case for Bitcoin’s bullish momentum. Amid the bearish sentiment from some community sectors, the crypto investor believes BTC’s bull run isn’t over. Per…

Cryptocurrency markets are currently experiencing a significant decline, losing almost 17% in value. In this context, Justin SUN, the founder of Tron, has denied rumors that he might liquidate his positions. Recent changes in the cryptocurrency market have alarmed many investors. Bitcoin has fallen by 13% in just 24 hours, while Ethereum has even fallen by 20%. Such price drops not only mean personal losses for many investors, but also require a re-evaluation of market strategies in a risk-free environment. Justin Sun responded to the rumors with a post on X, calling the claims of liquidating his positions false. He…

Pendle discontinues Earn UI to streamline the platform and prioritize Pendle V3 development. Whale activity highlights significant PENDLE token movements on Binance after six months of inactivity. After receiving a lot of attention in recent weeks, Pendle has announced another improvement to its ecosystem. In a recent tweet, their team announced that, in their ongoing endeavor to streamline the platform for an optimal user experience, they have chosen to discontinue the Earn UI. This move is consistent with their goal of prioritizing and accelerating the development of Pendle V3. Deprecation of Earn UI GM Pendies, in our continuous effort to…