Author: NBTC

There were interesting developments in today’s onchain data, especially on the memecoin side. It has been observed that, most likely, an insider, that is, a person from the altcoin team, made a high profit by purchasing a large amount of a cryptocurrency as soon as it was released. The suspicious altcoin was a newly launched memecoin called EgyptCat (SPHYNX). According to Onchain data, a cryptocurrency whale purchased a large amount of tokens by paying a high transaction fee as soon as this altcoin was launched, in a process called “sniping”. According to the data, the cryptocurrency whale in question purchased…

Santander, the multinational banking giant, has recently announced that it will start offering cryptocurrency trading services in Brazil. The bank will roll out this functionality to selected customers of Toro, its investment unit, this week and will gradually extend it to more users in the future. With this move, Santander joins Nubank and Itau Unibanco, who also offer crypto trading services in the country. Santander to Offer Cryptocurrency Trading for Selected Customers in Brazil; Mulls General Crypto Rollout More traditional institutions are targeting cryptocurrency-savvy customers in Brazil. Santander, one of the world’s largest banks, has announced that it will start…

Miami — Transak has announced an exciting strategic partnership with Sequence to enhance Web3 gaming by integrating robust payment solutions across its ecosystem of gaming partners.—Sequence, a leading development platform in the Web3 gaming sector, offers a comprehensive suite of tools designed to simplify the integration of blockchain features into games. Through this collaboration, Transak, known for its Web2-to-Web3 onboarding solutions, becomes the exclusive on-ramp provider for Sequence Kit. This integration allows users worldwide to purchase cryptocurrencies directly within the Sequence platform using over 20 local payment methods across more than 160 countries. The Sequence Unity SDK has already integrated…

Individual and institutional crypto investors are reportedly making huge profits with Bitcoin and altcoins. In the latest event, an entity has leveraged $WBTC coin also known as Wrapped Bitcoin to make profits within just 5 days, says SpotOnChain (a prominent on-chain analytics platform). The platform provided the details of the respective development on its official account on X. This entity just took a $421K (+2.59%) profit from $WBTC after only 5 days!10 hours ago, they have sold all 252 $WBTC for 16.64M DAI at ~$66,121.This brought their total profit from $SHIB and $WBTC to $8.66M!Follow @spotonchain and set alerts for…

Curve Finance has implemented a fee switch for its crvUSD stablecoin to enhance adoption and ecosystem engagement, according to a statement released on June 28. Launched in 2023 by the DeFi protocol, crvUSD has faced adoption challenges. However, Curve noted that crvUSD has become an outstanding fee generator, outperforming all other Curve DEX pools by a factor of two. This impressive performance, along with the convenience of fee distribution in crvUSD, fueled the community’s desire to adopt this new fee model. Why fee switch The fee switch to crvUSD aims to encourage users to engage more with other ecosystem products…

Stablecoins have overtaken Bitcoin in popularity among Latin American crypto users, according to a new report from research firm, Kaiko. This trend, observed across seven major exchanges, highlights a growing preference for stable digital assets in the region. Stablecoins more preferred than Bitcoin in Latin America, Kaiko study revealsA recent study by crypto market research firm Kaiko has observed the popularity of stablecoins over Bitcoin in Latin American crypto markets. According to https://t.co/16dw4rejR4, the analysis covered… — CoinNess Global (@CoinnessGL) June 25, 2024 These crypto exchanges offer trading pairs with Latin American fiat currencies, with stablecoins emerging as three of…

One week after celebrities Caitlyn Jenner and Iggy Azalea launched buzzy meme coins, it appeared as if legendary professional wrestler Hulk Hogan had done much the same on Thursday with the HULK token on Solana. But after the coin was quickly “rugged” at the expense of investors, Hogan took to Instagram to urge fans to ignore any crypto post that came from his Twitter account. “Please do not take notice of any posts posted today,” Hogan shared on Instagram. “They are not from me and will be promptly removed.” Indeed, there’s no sign of the purported crypto scam on Hogan’s…

Binance will be changing its fee structures on July 1, effectively raising fees for users who trade on the platform via prime brokers, reports Bloomberg. Previously, brokers who were a part of Binance’s Link Plus program were able to lower trading fees for users thanks to the total volume the broker was doing. It effectively allowed users to benefit from a more generous fee tier than their trading would normally justify. Previously, the structure of this setup meant certain traders could receive lower fees by trading through these brokers instead of Binance directly, benefitting from the broker’s ability to aggregate…

PancakeSwap partners with Allora Network to launch AI prediction market on Arbitrum. Users can earn up to 60,000 ARB rewards with 100% Fund Protection for predicting ETH price movements. Future plans include expanding the AI predictions to more on-chain and off-chain markets. PancakeSwap has partnered with Allora Network to launch an AI-powered prediction market on the Arbitrum Network. The AI-powered prediction market aims to empower users with advanced tools to predict Ethereum price movements and participate in a dynamic, AI-driven environment. PancakeSwap’s new AI prediction market PancakeSwap’s new AI prediction market introduces a novel way for cryptocurrency enthusiasts to engage…

While the FED has kept interest rates constant for a long time, interest rate cut expectations in 2024 are decreasing day by day. While expectations for the FED interest rate decision on July 31 focus on keeping interest rates constant, keeping interest rates constant is priced at 89.7%, according to CME FedWatch. While the earliest date for the FED to start reducing interest rates is September, some experts expect a single interest rate cut for 2024, and some expect two interest rate cuts in September and December. At this point, FED member Michelle Bowman, who has the right to vote…