Author: NBTC

The official X handle of Shiba Inu’s collectible card game (CCG), Shiba Eternity, shares its first update after being inactive for over a year. Shiba Eternity broke its silence on X yesterday, saying, “We’re SO back.” It is noteworthy that Shiba Eternity’s official X handle has been inactive for over a year. Prior to yesterday, its last post on the social media platform was seen on February 11, 2023. The post highlighted some of Shiba Eternity’s features to attract potential players. Have you played #ShibaEternity? Cute puppies, addicitive gameplay, and exciting battles. Download now! #mobilegaming #crypto #cardbattle https://t.co/URBAI81XEuhttps://t.co/0VxnR6QedU — Shiba…

Considering that trends in the cryptocurrency market often change, it can sometimes be difficult to gauge the right timing for buying assets like Bitcoin (BTC). However, there is one indicator that can help make this task easier, as observed by a renowned crypto trading expert. Specifically, popular crypto market analyst Ali Martinez pointed out that the relative strength index (RSI), using 14 periods, had always signaled the perfect time to buy the Bitcoin dip, as it does at the moment, according to the analysis he shared in an X post on June 25. ‘Buy the dip’ now Indeed, as Martinez’s…

$350 million worth of DeFi positions were liquidated during the market sell-off. Aave secured $6 million in revenue from processing on-chain liquidations. One $7.4 million WETH position was liquidated, providing Aave with $802,000 in revenue. The founder of decentralized finance (DeFi) protocol Aave said the platform generated $6 million of revenue during Monday’s crypto market sell-off. The plunge trickled down to DeFi after last week’s Bank of Japan decision to hike interest rates and Friday’s U.S. jobs report. Ether (ETH) is down by more than 20% over the past 24 hours whilst aave (AAVE) has lost 23.7% of its market…

Crypto has been in turmoil over the weekend, but trading volumes in Bitcoin ETFs are hitting unprecedented levels, and despite widespread sell-offs, major financial institutions don’t appear to be selling — yet. Within just 20 minutes of Monday Aug. 5th opening bell, Bitcoin ETFs experienced a trading volume of $1.3 billion. Later in the day, volume surged to nearly $3 billion in volume over the first couple of trading hours. This surge in volume showcases sustained interest from institutional investors, despite the plummeting prices. Bitcoin (BTC) dipped below the $50,000 mark earlier Monday, signifying a 28% decline from its recent…

It is claimed that one of the most important reasons for the last major decline in the cryptocurrency market is Jump Crypto, one of the largest companies in the industry. Onchain data shows that the company moves a large amount of coins to cryptocurrency exchanges, especially Ethereum (ETH). This situation puts pressure especially on altcoins, and due to Bitcoin’s failure to remain strong, the entire cryptocurrency market market value has lost approximately 4% in the last 24 hours. Jump Crypto was subject to an investigation by the CFTC regarding Terra (LUNA) in June. Then, the company’s Indian-origin CEO resigned. The…

Investors can breathe a sigh of relief as net inflows in U.S. spot Bitcoin ETFs exceeded net outflows to the tune of $31 million for the first time in two weeks, according to data analytics platform SoSovalue. This newfound vote of confidence in Bitcoin from institutional investors has coincided with the Bitcoin price recovering from $59,495 to $61,485 at the time of writing, an increase of 3.5% after Bitcoin breached the $60,000 mark on June 25. Fidelity’s FBTC fund saw the highest inflow of $49 million, while Bitwise’s BITB fund witnessed an inflow of $15 million. Meanwhile, Grayscale’s GBTC fund…

Amidst the sharp market collapse in the crypto sector, DeFi protocol Aave managed to make a massive $6 million in revenue. This achievement was a remarkable success, while other platforms were under severe pressure. The decline was due to the Bank of Japan rate hike and the publication of the US employment report, which caused anxiety among investors and led to massive selling pressure. On August 5, 2024, the collapse of Bitcoin and other cryptocurrencies led to liquidations of traders’ positions worth more than $1 billion. Amid the closing of trades, decentralized lending protocol Aave made about $6 million, according…

Several online brokerages, including Fidelity Investments and Vanguard, experienced massive service outages on Monday as markets from crypto to equities tumbled on increasingly cloudy U.S. economic forecasts. More than 2,800 Vanguard customers reported services were down at 10am ET on Monday, while nearly 4,000 Fidelity users were experiencing similar issues, data from Downdetector shows. Meanwhile, Robinhood has suspended its round-the-clock trading services due to “elevated volatility” in global markets, Investing.com reported on Monday. The rash of service outages comes amid a broader slump in the global markets, as investors liquidate their positions ahead of a potential U.S. recession. The total…

While Binance, the world’s largest cryptocurrency exchange, continues to list altcoins and launchpoll, investors are also investigating altcoins that have the potential to be listed on Binance. Because the prices of altcoins listed in Binance futures or spot transactions generally skyrocket and big gains are made. At this point, cryptocurrency analysis firm Layergg listed 8 altcoin projects that Binance has a high potential to list in the coming days. Referring to the fact that Binance did not list altcoins during the last decline, Layergg implied that the market has now turned green and Binance may list new altcoins. Accordingly, Layergg…

Kai Kono has announced on LinkedIn today that he has assumed the role of Managing Director, Head of APAC, at EDXM Global. In this position, Kono will lead the company’s international expansion efforts. Based in Singapore, EDXM Global operates with backing from EDX Markets. EDX Markets was established in 2022 by a group of major financial institutions, including Citadel Securities, Fidelity Digital Assets, Virtu Financial, and Charles Schwab, among others. The company also has support from well-known cryptocurrency venture capital firms such as Sequoia, Pantera, and Paradigm. Before joining EDXM Global, Kono held several notable positions. He was the Founder…