Author: NBTC

Bitcoin (BTC) started Thursday with a drop to $57,300. The cryptocurrency is currently trading at its lowest level in nearly three months, since the end of April. Ethereum, the second most capitalized cryptocurrency, also started the day with a decline. But so did the rest of the market. Over the past 24 hours, positions worth $319.98 million have been liquidated, and that is without taking into account two more days since the beginning of the week. According to the interim results of the week, we can now state the loss of $176 billion in capitalization for the entire crypto market.…

Ethereum’s price has consolidated within the $3,400 – $3,550 narrow channel over the last four trading days as bull traders take on a cautious outlook ahead of the spot ETH ETFs launch on July 23. Ethereum Price Falls Behind Bitcoin Rally On July 22, the Chicago Mercantile Exchange (CME), a trading platform dedicated to institutional traders in the US, announced that it had obtained a green light from regulators to list Spot Ethereum ETFs from Tuesday, July 23, 2024. Notably, Bitcoin ETFs have pulled in over $50 billion worth of BTC holdings within 6-months of launch, sparking bullish projections that…

A research paper highlights the commitment of VeChain to revolutionize the food supply chain management with incredible innovations. VeChain’s effort in this industry is underscored by the strategic partnership with major companies within the sector. The contributions of VeChain (VET) in the revolution of food supply chain management have garnered attention in recent years, earning it some notable mentions in multiple high-profile research works. Over the years, the blockchain platform has partnered with heavyweight food companies such as Walmart China, DNV GL, and Bayer to ensure the authenticity and traceability of their product while improving their quality and safety. In…

A major Bitcoin holder has deposited 1,700 BTC to Binance a few hours ago. The value of these tokens is approximately $99.92 million. According to Lookonchain, this adds to a previous deposit of 3,500 BTC, worth $206 million, made within the same day. Earlier today, the whale also deposited 1,800 BTC to Binance at a loss. The value of these Bitcoins is $106 million. Note that this whale deposited 1,700 $BTC($99.92M) to #Binance again 20 minutes ago.He deposited 3,500 $BTC($206M) to #Binance in just 5 hours!https://t.co/gq0KtAOQEZ pic.twitter.com/tTKWALqNak — Lookonchain (@lookonchain) July 4, 2024 Whale Transfers 6,981 BTC to Binance Since…

Bancor (BNT) has recently faced a notable decline in its price, slipping by 7% in the past 24 hours to a current value of $0.5829. Despite this short-term downturn, the token remains resilient, demonstrating a remarkable 56.6% increase over the past year. This impressive long-term growth is underpinned by a series of significant developments within the Bancor ecosystem after Bancor v3 was launched, particularly the Concentrated Liquidity 2.0, which went live on May 23, 2024, and the decentralized exchange (DEX), Carbon DeFi, which launched on Sei Network v2 on June 17, 2024. Concentrated Liquidity 2.0 attracting liquidity providers to Bancor…

Investors’ eyes are fixed on spot Ethereum ETFs and how products could perform in the opening months after Bitcoin funds were hugely successful. On Tuesday, the first nine U.S. spot Ethereum (ETH) ETFs opened for trading on national exchanges following the Securities and Exchange Commission’s (SEC) final greenlight. Wall Street players and retail investors can now access exposure to crypto’s second-largest decentralized token, ETH, via a regulated institutional wrapper. According to Bloomberg’s James Seyffart, the funds debuted with nearly $10.3 billion in assets under management (AUM). Most of that money is domiciled in two Grayscale products, one of which is…

Bitcoin fell below $60,000 amid heavy selling pressure, reaching a recent low of around $57,800. The sell-off triggered over $77 million in Bitcoin long liquidations across centralized exchanges in the past 24 hours, contributing to a total of $295 million in market-wide liquidations. The broader crypto market experienced substantial losses, with ether, the second-largest cryptocurrency, facing over $71 million in liquidations, of which $62 million were long positions. Solana’s SOL and Dogecoin (DOGE) led losses among major tokens. Fears of looming selling pressure from the defunct Mt. Gox exchange and possible miner sales contributed to the market decline. Mt. Gox…

Aave, a prominent player in decentralized finance (DeFi), has announced plans for a token buyback from the public market. The initiative aims to modify the platform’s fee structure by activating the “fee switch,” a proposal introduced by AAVE official Marc Zeller and supported by the Aave community. This proposal includes a strategic buyback of AAVE tokens to reduce supply, thereby potentially increasing the value for current token holders and boosting protocol revenue. Aave plans to activate a “fee switch” to modify its fee structure and initiate a token buyback, aiming to increase token holder value and enhance protocol revenue. Aave’s…

Ethereum (ETH) is up 25% in 15 days, and it could be just the beginning of a massive bull run as it consolidates as the “second best” cryptocurrency. Analysts believe the spot Ethereum ETFs have fueled this performance, and they start trading today, on July 23. Notably, it has been a volatile ride for ETH investors in 2024. Ethereum’s native token went from $2,140 earlier this year to as high as $4,091 in mid-March. Currently, the second-largest cryptocurrency by market capitalization trades at $3,525, waiting for the United States market to open. It marks a 25% rally in 15 days…

Whales are showing interest in the token amid increasing talks about spot Solana ETFs. It comes after Bitcoin (BTC) and Ethereum (ETH) ETF approvals and launches, giving institutional players, like retail, access to the named cryptocurrencies. The Solana blockchain is popular for its high transaction speeds and low costs. These fundamentals, coupled with a prospective approval, increase demand and liquidity for Solana. Whales Position Themselves for Solana ETF The crypto market’s on-chain data and insights source, Lookonchain, reported two whales withdrawing 238,893 SOL worth $41.4 million from the Binance in the past two days. They staked these holdings, suggesting interest…