Author: NBTC

In a recent update, Lookonchain shared that the crypto market has witnessed significant activity in Ethereum and Bitcoin ETFs. Data reveals that Bitcoin ETFs have experienced an outflow of 4,255 $BTC worth $254.17 million. While on the other hand, Ethereum ETFs have shown a slight inflow of 2,533 $ETH worth $6.77 million. Lookonchain, an analytical firm shared the stats on its X official account. Aug 9 Update:10 #Bitcoin ETFsNetFlow: -4,255 $BTC(-$254.17M)🔴#Grayscale(GBTC) outflows 3,090 $BTC($184.56M) and currently holds 233,840 $BTC($13.97B).9 #Ethereum ETFsNetFlow: +2,533 $ETH(+$6.77M)🟢#iShares inflows 7,576 $ETH($20.25M) and currently holds 293,939… pic.twitter.com/xGXKwRLsY8 — Lookonchain (@lookonchain) August 12, 2024 Statistical Analysis of…

Decentralized finance (DeFi) protocol Penpie, built on top of tokenized yield platform Pendle, suffered an exploit on Wednesday, crypto observers reported. The alleged exploiter drained roughly $27 million of crypto assets including various types of staked ether (ETH), Ethena’s sUSDE and wrapped USDC stablecoin from the protocol, blockchain data shows. Later, it converted the proceeds to ETH using predominantly Li.fi and forwarded to asset to a new address, according to Etherscan data. The exploiter’s address was originally funded with 10 ETH, worth roughly $25,000, via crypto mixer Tornado Cash a few hours before the exploit took place, data shows. Pendle…

Cardano’s recent weekly development report for August 30, 2024, highlighted a range of technical updates and on-chain statistics, noting the network’s ongoing progress. The report revealed a notable increase in Total Value Locked (TVL), now reaching $573 million, up from the previous week’s $556 million. Additionally, the network’s ecosystem continues to expand, with 1,373 projects actively building on Cardano and the number of native tokens rising slightly to 10.32 million from last week’s 10.31 million. Transactions have also seen steady growth, now totaling 95.6 million. What’s going down on #Cardano? Check out this week’s development update on #EssentialCardano and stay…

Tigran Gambaryan, the Binance executive who has been detained in Nigeria since February, limped into an Abuja courtroom on Monday, dragging his left leg behind him, after prison authorities denied his request for a wheelchair. In a video uploaded to X (formerly Twitter) on Monday afternoon, a distressed Gambaryan pleads with a prison guard escorting him into the courtroom for help walking. “I’m not okay, this is f*cked up,” Gambaryan said in the video, as he clutched the guard’s wrist for support. When the guard stepped away, leaving Gambaryan with only a single crutch to lean on, Gambaryan turned to…

Bitcoin price stayed above the $57,650 support zone. BTC is now rising and might aim for a move above the $60,000 resistance zone. Bitcoin started a recovery wave above the $58,500 resistance zone. The price is trading below $60,000 and the 100 hourly Simple moving average. There is a connecting bearish trend line forming with resistance at $60,000 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might attempt a fresh increase if it settles above the $60,000 resistance zone. Bitcoin Price Eyes Another Increase Bitcoin price started a downside correction below the $60,000 level.…

A closely followed trader is offering his two cents on why he thinks memecoins have exploded in popularity among crypto traders. Pseudonymous analyst Jack Sparrow tells his 251,000 followers on the social media platform X that traders are not sinking capital on memecoins because they believe in their fundamentals or whether meme communities will serve as the cornerstone of the future of finance. The trader says memecoins offer something that most crypto assets don’t: a degree of freedom from the hostile hands of the U.S. Securities and Exchange Commission (SEC). “Memecoins are one of the final frontiers that are somewhat…

An unknown crypto trader makes an astronomical gain by turning $1,200 into a whopping $10 million within three days trading a Tron-based memecoin. Leading blockchain analytic platform Arkham Intelligence called attention to this success story today. According to Arkham Intelligence, the unknown user, who owns the wallet address TAMr…2Gpn, was among the first traders to invest in Tron Bull (BULL), a Tron-based memecoin. Transaction Details The user first purchased $780 worth of BULL tokens on the popular Tron-based memecoin trading platform SunPump. Then, when the token launched on SunSwap, the user acquired another $390 of BULL, bringing their total investment…

Ethics watchdogs have raised concerns over former President Donald Trump’s promotion of his sons’ upcoming crypto project, warning that it could pose a significant conflict of interest if he returns to the White House in 2024. The venture, reportedly named World Liberty Financial, was recently promoted by Trump on social media and comes amid his vocal support for the digital asset industry and recent promises to implement crypto-friendly policies. Under scrutiny The Trump family’s business dealings have been under ethical scrutiny before, particularly during the former president’s first term in office when he was criticized for not divesting from his…

Bitcoin had an amazing week in July after the former president headlined the industry’s annual Bitcoin conference in Nashville, delivering the keynote at the event. Now, with Elon Musk and Trump’s latest discussion/debate on X, the cryptocurrency community hoped to find a mention about Bitcoin. Despite avoiding Twitter/X for a while, Trump’s return to the platform is seen as an effort to regain his footing in the race, especially given his large follower base. Musk, the owner of X (formerly Twitter), has pledged to donate $45 million per month to a super PAC supporting Donald Trump leading up to the…

ETF issuer 21Shares’ parent company on Tuesday announced the launch of its own “wrapped” Bitcoin token on the Ethereum blockchain. 21.co said that its latest product—dubbed 21BTC—aimed to “usher in the next phase of decentralized finance (DeFi) and to help enable DeFi’s broader adoption.” You may have heard of “wrapped Bitcoin” and wrapped tokens—how do they work? Natively put your idle BTC to work on Ethereum. 21BTC on Ethereum gives you: • BTC that’s native to Ethereum• No Lock-And-Mint technology• 100% Backed by BTC• Institutional-grade security• Deep liquidity• Operational excellence Here’s what you need to know👇🧵(/5) pic.twitter.com/CGY97mqeut — 21.co (@21co__)…