Author: NBTC

MNT, the native token of Mantle Network, the Layer-2 technology stack for scaling Ethereum, has experienced a price surge of 12% in the last 24 hours, now trading at $0.8578. This surge in MNT’s value comes amidst a broader decline in the cryptocurrency market. Currently, Mantle boasts a market capitalization of around $2.8 billion, placing it 31st in global cryptocurrency rankings by market cap, according to price data from crypto.news. Over the past 24 hours, MNT’s trading volume has also risen by 12.7%, reaching $240 million. Within the same period, MNT’s price fluctuated between a low of $0.77 and a…

Bitcoin (BTC) traders on the cryptocurrency exchange Binance have shown a bullish bias, with 75% of the 24-hour open positions being long. This hints at a positive sentiment from retail traders, but the volume remains neutral with a balanced long/short ratio. Finbold retrieved data from CoinGlass on June 30, which shows the imbalance between unique account traders going long on Bitcoin. In particular, three in every four accounts opening derivatives positions have gone long, betting the price will increase from here. This ratio refers to the last 24 hours for BTC/USDT perpetual contracts on Binance. Notably, this is, by a…

Bitcoin (BTC) remains a focal point of interest as it experiences significant consolidation, slightly above the $60,000 mark. As the market anticipates Bitcoin’s next move, crypto trading expert Alan Santana shared his insights on the latest price movements in a TradingView post on June 30, providing potential correction targets. Santana’s analysis revealed that the support range for Bitcoin’s upcoming drop termed the “maximum pain point,” lies between the Fibonacci retracement levels of 0.618 and 0.786. This range is calculated based on the latest bullish wave, indicating a broader view of the market movements. Bitcoin’s next low The key levels to…

WazirX Exchange hacked and FLOKI tokens sold off, the market remains stable. $230M stolen from WazirX; FLOKI team collaborates to minimize impact. WazirX pauses withdrawals after the breach; FLOKI market unaffected. WazirX, a leading Indian cryptocurrency exchange, was exploited for over $230 million. Among the stolen assets, $4.7 million was in the form of FLOKI tokens. This incident has raised concerns among investors and stakeholders. Facts of the Incident The exploiter has completely sold off all the FLOKI tokens obtained during the exploit. This means the hacker no longer holds any FLOKI tokens. The market absorbed the sell-off, demonstrating the…

After a decade of waiting and a 10,000% price increase, the collapsed Japanese Bitcoin exchange Mt. Gox’s creditors are finally getting ready to collect what they are owed. The exchange, which filed for bankruptcy in 2014 following a major hacking attack, is ready to repay creditors who have been handsomely rewarded for their patience. In 2011, some 950,000 Bitcoins were lost in a hack that saw BTC trading well below its current value. Approximately 140,000 of these coins have been recovered, and at today’s prices, this means approximately $9 billion worth of BTC will be returned to its rightful owners.…

Ripple (XRP) experienced a 7% price decrease after the United States Securities and Exchange Commission (SEC) canceled a crucial meeting. This shows that volatility continues to affect the cryptocurrency market. Let’s see all the details below. The cancellation of the SEC meeting and the drop in the price of Ripple (XRP) The CEO of Ripple calls for a Bipartisan approach to crypto in the USA The cancellation of the SEC meeting and the drop in the price of Ripple (XRP) As anticipated, despite a recent surge, Ripple (XRP) has seen its price drop by almost 7% following the cancellation of…

MicroStrategy co-founder and chairman Michael Saylor has issued a stirring message regarding Bitcoin, the largest cryptocurrency by market capitalization, amid the current market stagnation. In a tweet, Saylor wrote: “Bitcoin expands your universe.” This statement comes at a time when Bitcoin’s weekend trading activity has reached a record low. #Bitcoin expands your universe. pic.twitter.com/ypYLBE9mfS — Michael Saylor⚡️ (@saylor) June 29, 2024 According to data from cryptocurrency research firm Kaiko, the amount of Bitcoin traded on weekends has dropped to just 16% this year. This marks a significant shift in the trading patterns of the world’s leading digital currency, which has…

The Shiba Inu community is intensifying efforts to have Binance burning SHIB tokens using a portion of the token’s trading fees. In an interesting development, popular community member Labib recently launched a petition on Change.org asking the world’s largest crypto exchange to implement a daily burn of 1% of all Shiba Inu trading fees on its platform. Petition to Burn SHIB on Binance According to Labib, the move is imperative to Shiba Inu’s long-term success and sustainability. The community member emphasized that the proposal will help reduce SHIB’s hefty circulating supply, potentially increasing scarcity and boosting the token’s price. Labib…

Michaël van de Poppe, one of the most influential analysts of the cryptocurrency market, talked about Bitcoin and the general cryptocurrency market in his statement. According to the analyst, the total market cap chart excluding Bitcoin is actually performing well. Therefore, the analyst claims that the consolidation in question is an expected event, after which an upward bounce scenario is possible. Speaking about Bitcoin dominance, van de Poppe said that dominance may have seen its peak. In this context, the analyst believes that Ethereum ETF approvals will allow the altcoins’ momentum to continue as a rotation trigger. According to the…

Ripple CTO David Schwartz recently shared an important reminder from RippleX for all XRP Ledger node operators. The message emphasizes the need to upgrade to the latest version of rippled to ensure service continuity. The newly released version 2.2.0 of rippled, the server software for the XRP Ledger, introduces performance improvements, several bug fixes and five new amendments that are now open for voting. Key features and amendments One of the key updates is the featurePriceOracle amendment, which adds a price oracle to the XRP Ledger. This feature allows the blockchain to access real-world data like market prices, which decentralized…