Author: NBTC

NEAR Protocol, a Web3 platform using Chain Abstraction technology, recently announced a new project. According to the platform, it is introducing “NEAR name tokens” that offer a more resilient solution for digital identity, as well as providing several other capabilities through digital identity. The company informed the community about this development on its official X account. “NEAR name tokens” work as a cross-platform, multi-chain digital identity that benefits Web3 users. The firm says it is working in collaboration with D3. Both companies are trying to fill the gap between Web3 and traditional Internet infrastructure. In this regard, “NEAR name tokens”…

According to the analytics X account @lookonchain, earlier today, a mysterious whale transferred a significant amount of PEPE meme coins to the Binance exchange. This gave the asset’s price a major push downwards, making it fall another 11% from the recently reached all-time high. The whale moved close to one trillion PEPE to the aforementioned exchange. Billions of PEPE deposited to Binance The above-mentioned tweet shows that several hours ago, an anonymous cryptocurrency trader transferred a whopping 660.7 billion PEPE coins to be sold on Binance. The X post reveals that the whale had purchased that many meme coins a…

Market analysts pinpoint a crucial price level that could dictate the next price direction Bitcoin takes from the current position. According to pseudonymous market watcher Micro2Macro, this level rests on the 200-day moving average. Notably, Bitcoin (BTC) is currently witnessing a consolidation phase amid the drop in selling pressure. Despite the sustained distribution from the German government, the market has found some stability. Consequently, Bitcoin has continued to consolidate since last Saturday, seemingly indecisive. The crypto eventually saw a breakout today, spiking to retest the $60,000 territory. However, it faced immense resistance at the $59,459 high, subsequently losing the $59,000…

Ethereum could rally in Q3 following reduced US inflation and launch of spot ETH ETFs. Ethereum’s on-chain activity shows mixed sentiment among investors. Bearish exhaustion candle could signify a downturn for ETH if SEC delays ETH ETF approval. Ethereum (ETH) is up 0.5% on Thursday following cooling inflation reports in the US. However, mixed on-chain sentiment signals uncertainty among investors despite the potential launch of spot ETH ETFs. Daily digest market movers: CPI data, mixed on-chain signals, increasing supply Ethereum’s price is expected to react positively in the coming days to the recent decline in the US Consumer Price Index…

Recent rumors suggest that the Chicago Mercantile Exchange (CME) will not launch a Solana (SOL) futures product, causing a stir in the financial markets. CME has neither confirmed nor denied these speculations, leaving the market in a state of uncertainty. Unverified Claims: CME May Not Launch Solana Futures After the Securities and Exchange Commission (SEC) approved spot Ethereum ETFs, experts began to actively speculate about the next ETF candidate. While many believe Solana could be the perfect fit, others note that filing for a spot ETF for the altcoin might be challenging because CME has not yet listed SOL futures.…

Following weeks of a downtrend, Bitcoin’s price has seemingly found a bottom. Yet, if the price recovers, one key level should still be reclaimed. Technical Analysis By TradingRage The Daily Chart On the daily chart, the price has been supported by the $56K support level after breaking below the 200-day moving average, located around the $58K mark. Yet, the market is once again testing the 200-day moving average from below. If it is successful in rising above it, the $60K resistance level will be the next key zone to penetrate. The 4-Hour Chart Looking at the 4-hour chart, the price…

Ethereum price extended its increase above the $3,120 resistance zone. ETH could soon aim for a move above the $3,200 resistance. Ethereum is slowly moving higher above the $3,080 level. The price is trading above $3,080 and the 100-hourly Simple Moving Average. There is a connecting bullish trend line forming with support at $3,070 on the hourly chart of ETH/USD (data feed via Kraken). The pair could rise steadily if there is a close above the $3,200 resistance zone. Ethereum Price Outperforms Bitcoin Ethereum price extended its recovery wave above the $3,050 resistance zone. ETH even climbed above the $3,150…

In a significant development within the cryptosphere, a staggering 72 million USDT (equivalent to $71,968,932) has been transferred from Binance to the Tether Treasury, as tracked by Whale Alert. This substantial movement of funds underscores the dynamic nature of digital asset transactions, hinting at potential shifts in market dynamics and investment strategies. 🚨 🚨 🚨 72,000,000 #USDT (71,968,932 USD) transferred from #Binance to Tether Treasuryhttps://t.co/06jdneT4Ya — Whale Alert (@whale_alert) May 30, 2024 Adding to this notable activity, Aliniex, a prominent Vietnamese cryptocurrency platform, has announced its official support for TON Chain USDT, expanding its range of supported cryptocurrencies. This strategic…

The price of Bitcoin (BTC), the biggest cryptocurrency by market capitalization, is approaching a critical test as it nears a key resistance level. Market speculation is running high, with traders and investors closely monitoring Bitcoin’s price movements, anticipating potential breakthroughs or pullbacks in the coming days. After experiencing significant volatility in recent weeks, Bitcoin’s price shows signs of stabilization, although a bigger test lies ahead for its price action. In this regard, market analysts have identified several key resistance levels that Bitcoin must overcome to sustain its upward momentum. After dipping to lows of $54,278 in Monday’s trading session, Bitcoin…

Ethereum price gained 14% within the 7-day timeframe, as reclaimed the $3,200 territory on July 11, on-chain data trends suggest ETH retail traders could pile on more demand in the days ahead. Ethereum Price Bounces 5% on Positive CPI Report Ethereum price bounced 5% within the daily timeframe on June 11 as the crypto markets reacted positively to the latest US economy inflation report. On Wednesday, the US Bureau of Labour Statistics published the Consumer Price Index (CPI) report which showed that inflation slowed for the first time in 4 years, adding more luster to calls for interest rate cut.…