Author: NBTC

DWF Labs, a Web3 investor and market maker, has deposited a massive 2 million CRV tokens worth $683,000 onto Binance, the world’s largest crypto exchange, igniting sell-off rumors in the digital asset space. Notably, the activity, first pointed out by blockchain analysis firm Spot On Chain, took place on August 22. According to a post, DWF Labs acquired a substantial 12.5 million CRV from Curve DAO founder Michael Egorov through an over-the-counter (OTC) trade last year during a liquidity crisis. The tokens were purchased at $0.4 each, totaling $5 million. DWF Labs currently retains 10.5 million CRV, valued at $3.5…

PlanB’s Stock-to-Flow (S2F) model, known for predicting Bitcoin’s price based on scarcity, has faced scrutiny as the digital asset’s value has remained below the model’s expectations since 2021. The S2F model, which correlates the increasing scarcity of Bitcoin due to halving events with price appreciation, suggested a significantly higher price than the actual market value over the past few years. As of recent data, the discrepancy has reached approximately $130,000, raising questions about the model’s reliability in the face of unpredictable market conditions. The model predicts a price of around $180,000 at present, while Bitcoin remains just above $50,000. The…

Ethereum (ETH) price has been facing a challenging macro environment for the past six months, marked by a persistent downtrend. Since March, ETH has struggled to maintain a bullish momentum, repeatedly testing its long-term downtrend line as support. However, recent sentiment shifts suggest that recovery might be on the horizon. The question remains whether this recovery will be more difficult than anticipated as Ethereum’s price action continues to remain rangebound. Ethereum Is Not Facing Bearishness The MVRV Long/Short Difference indicator shows an essential insight into Ethereum’s current market conditions. For the first time since November 2023, this metric has fallen…

It all started yesterday when the world-famous fast food giant McDonald’s announced on its official Instagram account that it had launched an altcoin called GRIMACE and launched it on the Solana network. The Truth Behind McDonald’s Altcoin Definition Revealed! However, it was later discovered that McDonald’s official Instagram page was hacked by scammers. Accordingly, the hacker who took over the Instagram account promoted a memecoin called GRIMACE, which was issued on the Solana (SOL) network. The hacker wrote in his post, “GRIMACE! A McDonald’s experiment on Solana.” After the hacker’s post, GRIMACE’s market value quickly rose from $100,000 to $25…

OSL Group, a regulated cryptocurrency trading platform, has announced the inclusion of Solana (SOL) transactions, thereby broadening its trading offerings for investors. This addition signifies an increase in the total cryptocurrencies available on the platform to fifteen, showcasing growing interest in digital assets. Through this move, OSL aims to cater to the advanced needs of its professional investor clientele. Contents hide 1 Who Can Trade Solana? 2 Why Limit to Professionals? 3 Conclusion: Key Takeaways Who Can Trade Solana? Currently, the newly introduced trading options for Solana are confined to professional investors, excluding retail investors from participating in these trades.…

The price of Bitcoin (BTC) has dropped significantly as the largest cryptocurrency lingers above the psychological price level of $50,000. Bitcoin price long-term prediction: bearish The price of the cryptocurrency has been fluctuating below the $70,000 resistance zone after being rejected at the high of $68,479 on July 21. On July 29, the upward momentum hit resistance at $70,162, leading to the current downtrend, as reported previously by Coinidol.com. The bulls were overwhelmed as the bears broke below the moving average lines. The downtrend also broke through support at $60,000 and reached a low of $52,209. The price indicator had…

Recent data indicates a potentially significant shift in Ethereum’s market dynamics, as current funding rate data shows patterns similar to those observed before past price surges. This period of relative calm in the funding rates could be setting the stage for substantial price movements. Looking at the previous years for Ethereum, it has gone up in price at similar phases of low funding rates. As CryptoQuant data shows, the latest numbers indicate an emerging trend that Ethereum could be moving to a significant market shift. #Ethereum: Watch Out for the 0.015 Point in Funding Rates”Ether’s funding rate to rise above…

Tron (TRX) has emerged as the most popular crypto asset in recent days after experiencing a notable price increase. Tron Rises as Top Trending Crypto Asset After Memecoin-Inspired Surge This increase is largely attributed to the launch of SunPump, a new memecoin distributor that was launched on August 12. Since its launch, over 7,000 new tokens have been created on the Tron network, increasing TRX’s market cap by 22% and pushing its price to a peak of $0.166 earlier today. Factors That Increase Tron’s Success Increased Network Activity: Tron has witnessed a significant increase in network activity, primarily due to…

CoinFlip has partnered with prominent convenience store chain Yesway to deploy cryptocurrency ATMs across its shops in the United States. CoinFlip announced on Sept. 12 the deployment of its digital currency kiosks, commonly referred to as “bitcoin ATMs,” to 45 Yesway and Allsup store locations across the U.S. states of Texas, South Dakota, New Mexico, Wyoming, and Iowa. Yesway, one of the fastest-growing convenience store chains in the U.S., operates over 435 locations across nine states. The company includes two brands: Yesway and Allsup’s, which became part of its portfolio following a 2019 acquisition. The partnership aims to provide Yesway…

Amid the battering the crypto market has received on Monday, Bernstein said Q3 for Bitcoin will be heavily influenced by macroeconomic factors and political developments. “Overall, the Bitcoin and crypto market will likely trade off macro and election cues for most of Q3, 2024,” the Bernstein analysts wrote in a note Monday morning, highlighting the interconnectedness of digital assets with broader economic and political trends. The report notes that BTC experienced a significant correction over the weekend, continuing the bloodbath on Monday, attributing it to “fears in equity markets” and wider economic concerns, rather than crypto-specific issues. Despite the recent…