Author: NBTC

Today, enjoy the Lightspeed newsletter on Blockworks.co. Tomorrow, get the news delivered directly to your inbox. Subscribe to the Lightspeed newsletter. Howdy! It’s been a recent bugaboo of mine that people in crypto feel less inclined than before to actually explain why anything they’re doing matters or will matter to people in the real world. I’m not the first to point this out — financial nihilism has become a popular explanation for why memecoins took off — but it got me thinking about whether new users would enter a space so uninterested in explaining itself: New Solana users don’t seem…

Eve Online creator CCP Games announced Thursday that its upcoming survival-centric blockchain game, previously referred to as Project Awakening, will launch as Eve Frontier instead—and that it’s being built within the Ethereum ecosystem. Eve Frontier, as it has been rebranded, is an on-chain space simulation game that players will be able to mold and expand as they see fit—and they must collaborate or face certain doom, CCP Games founder and CEO Hilmar Veigar Pétursson told Decrypt’s GG earlier this year. Alongside the rebranding announcement, CCP Games announced Thursday that Eve Frontier is being built on Ethereum. The game will feature…

Memecoins are no longer just for gags and have become an essential part of the community. Floki Inu, the dog-themed memecoin introduced its very own trading bot. Monikered the Floki Trading Bot, is essentially a program that automates the buying and selling of cryptocurrency on various exchanges such as on Ethereum, BNB, and other exchanges. This bot is offering the crypto world streamlined, fast, and secure trading solutions through telegram, helping the trader escape slow traditional DEXs, that can cause slippage and lost profit. Tired of losing opportunities to slow DEXs, slippage, and high transaction times? Those delays can mean…

It has emerged that Bitcoin (BTC) whales have taken advantage of the recent sell-off to accumulate the maiden cryptocurrency, suggesting a possible upcoming price breakout. The whales’ purchases are highlighted by data shared by crypto analyst Ali Martinez in an X post on August 4, where the large holders acquired over 30,000 BTC, amounting to approximately $1.62 billion in 48 hours. Indeed, the massive buying spree is highlighted by a surge in exchange outflows and a notable decrease in BTC supply held on trading platforms. “In the past 48 hours, Bitcoin whales acquired over 30,000 BTC, valued at approximately $1.62…

Bitcoin (BTC) and altcoins experienced a major crash over the weekend, with Bitcoin falling to $52,500 while Ethereum fell to $2,150. While investors were selling wildly during this decline, Metalpha, one of the leading cryptocurrency investment companies, also made a massive ETH sale. According to Lookonchain’s post, Metalpha moved $23 million worth of ETH to Binance today. Accordingly, an address associated with Hong Kong-based asset manager Metalpha deposited 10,000 ETH to Binance. Lookonchain also added that this address associated with Metalpha transferred a total of 23,589 ETH worth $54.1 million to Binance over the last three days. Giant Whale Started…

As the cryptocurrency market enters the weekend after experiencing a serious rise this week, new data has also come out regarding altcoins and blockchains, which cryptocurrency developers have focused on the most this week. This week, cryptocurrencies, led by Bitcoin, have gained approximately 6.50%, especially after Powell made an extremely dovish speech on Friday. The increase rate in the last day was 5.81%. On the altcoin side, many altcoins are in the green zone and some are preparing to close the week with double-digit gains. These include BNB, FTM, GALA, MATIC, AVAX and ALGO. The blockchain networks that developers have…

Binance, one of the world’s largest cryptocurrency exchanges, has announced a planned system upgrade for its Spot and Margin trading platforms. The upgrade will begin at 12:30 on September 19, 2024, and is expected to last approximately 10 minutes. Binance Announces Planned System Upgrade for Spot and Margin Trading The exchange has assured users that trading activities will continue uninterrupted during the upgrade. However, some functionality will be temporarily impacted, including the ability for App, Website and Desktop users to view open orders placed during the upgrade. As a result, users may not be able to cancel pending orders that…

Creating Bitcoin (BTC) strategic reserve might look attractive for Bitcoiners, seasoned researcher and investor Jim Bianco admits. However, once created, it will allow the government to gain too much control over Bitcoin’s (BTC) price performance. Too much power: Bitcoin (BTC) in strategic reserve is bad idea, Jim Bianco says The Bitcoin (BTC) community might be terribly wrong in its understanding of the potential effects of creating strategic BTC reserve in the U.S. Instead of raising interest rates for BTC, the government might gain too much control over the BTC price in the long haul. This is why the #Bitcoin Strategic…

Ethereum co-founder Vitalik Buterin’s multi-signature wallet has been actively selling ETH holdings, generating around 1.835 million USDC from the sale of 760 ETH. This activity followed an earlier transfer of 3,800 ETH, valued at $9.99 million, into the wallet from Buterin’s connected wallets between August 9 and August 30, 2023. The latest sale occurred September 8, 2023. Buterin had stated he hasn’t sold ETH for personal profit since 2018, and that these sales typically support charitable contributions, donations, or project funding. Spot On Chain monitoring revealed the systematic selling pattern from the multi-signature wallet. The average sale price for the…

AVAX surged, challenging a decline in the broader cryptocurrency market, reflecting solid institutional support. Grayscale’s new AVAX trust indicates growing investment in Avalanche, positioning it as a main asset in the blockchain ecosystem. Franklin Templeton’s integration with Avalanche underscores the network’s capacity to attract significant institutional players. Avalanche (AVAX) recently recorded an increase, reaching an uptick of 5.65%. Such upward movement has come in the wake of Grayscale Company’s launch of a new AVAX trust, which focuses on the management of digital assets. AVAX Market Movement According to Maria Nawfal’s post via the X space, Avalanche (AVAX) experienced a notable…