Author: NBTC

On June 17, 2024, Ripple Labs transferred 150 million XRP tokens, valued at $87.49 million, from one of its wallets to the well-known “rP4X2” wallet. Data from the WhaleAlert blockchain analytics account revealed the transaction. The rP4X2 address, activated in 2023 with a transfer of 70 million XRP, has seen increased activity, suggesting it is not likely tied to any exchange. 🚨 🚨 🚨 🚨 150,000,000 #XRP (87,493,136 USD) transferred from #Ripple to unknown wallethttps://t.co/z5janBJZ1N — Whale Alert (@whale_alert) July 16, 2024 Shortly after receiving the 150 million XRP, the rP4X2 wallet sent 5,000 XRP to another undisclosed address. This…

The price of Serum (SRM) has plummeted nearly 8% amidst a brewing court battle between Jump Trading’s subsidiary, Tai Mo Shan, and the FTX bankruptcy estate. The dispute between Tai Mo Shan and FTX bankruptcy estate centers around an unresolved loan agreement involving a massive 800 million SRM tokens, a transaction that has now become a focal point in the ongoing fallout from FTX’s collapse. Jump Trading’s Tai Mo Shan seeking $264M in damages Jump Trading’s Tai Mo Shan is seeking approximately $264 million in damages from the FTX estate, claiming that Alameda Research, a former trading partner of FTX,…

Bears seized control of the Bitcoin market in the past 24 hours, pushing the leading digital asset below the $61,000 mark. BTC failed to hold the $63,000 support level and plunged over 3%, dragging other cryptocurrencies down with it. Data reveals that the Bitcoin market suffered over $36 million in liquidations in the last 24 hours, with $33 million in long positions and $3.67 million in short positions wiped out. According to CoinMarketCap, Bitcoin’s trading volume rose 1.63%, reaching around $22 billion. BTC has been on a steady decline since the start of June. At the time of writing, Bitcoin…

The Cardano team is pushing advanced capabilities in its scaling solution Hydra. The ecosystem is getting ready for the infamous Chang Upgrades in August. The Cardano Hydra team continues to see progress, recently updating specifications in incremental decommits to refine the process. In addition, the team updated dependencies to ensure compatibility with Cardano node v.9.0.0 and enhanced documentation. Hydra Tackles Cardano’s Scalability Issues The Cardano blockchain is a platform known for building Decentralized Applications (dApps). However, as the network grows and adoption increases, scalability has become a critical concern. To tackle this challenge, the Hydra team developed Layer 2 scaling…

BTC breaks $63,340 resistance, sparking renewed optimism among traders and investors. Fed liquidity spike draws parallels to past 38% Bitcoin surge in one week. Analysts eye $71,500 target as BTC resumes upward trend post-June downtrend. On July 1, the price of BTC broke through the daily resistance at around $63,340 mark, signaling renewed optimism among traders and investors. Additionally, Fed net liquidity just experienced its largest spike in 15 months. The last time this happened, Bitcoin surged 38% in a week. 🚨 BREAKING 🚨 FED NET LIQUIDITY JUST HAD ITS BIGGEST SPIKE IN 15 MONTHS.THE LAST TIME IT HAPPENED, BITCOIN…

The price of Toncoin (TON) has not been performing well in the recent past. It has been consolidating, with a lack of higher momentum. However, it appears that the tide is turning for the TON price. While the price has remained stagnant, the coin has witnessed a huge surge in a key metric. Per CoinGlass, the trading volume of Toncoin has skyrocketed 170.12% during the last 24 hours. Currently standing at $218.92 million, this surge highlights the rising trading activity for the coin. It reflects growing market participation while also showing a change of sentiment. Traders appear to have turned…

Mythical Games’ VP of Blockchain Tech, Cameron Thacker, said he believes the current interest in blockchain gaming is more sustainable than the last cycle. He attributes this to a shift in focus, with projects now prioritizing “engaging experiences over frothy marketing and questionable tokenomics.” Gaming Giants Boost Blockchain Gaming Industry In an interview with Bitcoin.com News, Thacker cited the growing prevalence of layer-2 (L2) solutions, which better equip blockchain networks to handle user demands, as another reason interest in blockchain games is one the rise again. He also highlighted the entry of traditional gaming giants like Bandai Namco, Konami, and…

Bitcoin experienced a notable drop in early Asian trading hours, falling from $62,000 to $60,268, marking a 3% decline. This downturn has also affected other major cryptocurrencies, with Ethereum, Solana, and Dogecoin each falling roughly 3%. The cryptocurrency market is currently grappling with multiple pressures, particularly the anticipated distribution of Bitcoin from the defunct Mt. Gox exchange that’s expected to begin this month. Singapore-based crypto trading firm QCP Capital highlighted the market’s focus on this issue. “The Mt Gox release is also slated to happen this week,” the firm wrote in its Telegram group. “This overhang of up to 140,000…

The Polygon revealed more information about the awaited rebrand of MATIC coins to POL tokens. Their crypto project confirmed that mainnet upgrade will happen on 4 September 2024. POL will initially serve as the staking and gas coin in the Polygon network, replacing MATIC. Community reaction will determine whether the blockchain will increase the new token’s utility to Polygon’s AggLayer (aggregation layer). The updates triggered increased activity in Polygon. For instance, on-chain stats show daily active addresses have climbed to yearly highs. Such sentiments saw projects in its ecosystem, including Potcoin (POT), recording notable actions. Potcoin is a crypto operating…

The crypto and NFT gaming space is busier than ever lately, what with prominent games starting to release, token airdrops piling up, and a seemingly constant array of other things happening at all times. It’s a lot to take in! Luckily, Decrypt’s GG is all over it. And if you need a quick way to get caught up on the latest moves around crypto video games, we’re happy to present This Week in Crypto Games. Our weekend roundup serves up the biggest news from the past week, along with a few other tidbits you might have missed. We also showcase…