Author: NBTC

DWF Labs, one of the important market makers in the cryptocurrency market and attracting attention with its investments, continues its altcoin investments and partnerships. At this point, DWF Labs recently announced that it has partnered with Kols House and is expanding into the Turkish market. DWF Labs, a cryptocurrency market creation and investment firm, announced on its official X account that it has partnered with KOLS HOUSE to help it expand into the Turkish market. This collaboration will focus on strategic marketing initiatives and community management to support global community growth and development. Under this partnership, Kols House will be…

A crypto whale is accumulating massive amounts of Uniswap (UNI) and Aave (AAVE), according to on-chain data. Blockchain tracking firm Lookonchain reports that the deep-pocked investor abruptly spent $4 million to add more UNI, the native asset of the decentralized exchange (DEX), and AAVE, a money market protocol, to his digital asset holdings. “A whale/institution bought AAVE and UNI again [on Tuesday]. He deposited 4 million USDC to [crypto exchange] Kraken, then withdrew 35,983 AAVE ($3 million) and 123,183 UNI ($1 million) from Kraken. He currently holds 142,296 AAVE ($12.1 million) and 1.43 million UNI ($11.6 million).” Aave is trading…

The Nasdaq Composite Index continues its winning streak, breaking a record for the seventh consecutive day. The Dow Jones Industrial Average and S&P 500 are also rising, boosted by increased investor interest in chip maker Nvidia and artificial intelligence. However, Bitcoin, the world’s largest cryptocurrency, continues to decline. Here are four factors that may be holding Bitcoin price back, according to analysts. “Bitcoin is Taking a Breath” Bitcoin is holding its breath after a strong start to the year, according to Adam Morgan McCarthy, an analyst at crypto data and analytics firm Kaiko Research. While Nasdaq is up 18% this…

With renewed optimism in the cryptocurrency market, traders have jumped again into meme coin speculation driven by the fear of missing out (FOMO). As a cautionary tale, a crypto trader just lost nearly $900,000 worth of Solana (SOL) in this player-vs-player game. On August 8, Lookonchain urged investors to “please don’t FOMO buy meme coins” while reporting these millionaire four-hour losses. This particular token was Restore The Republic (RTR), with a political bias in anticipation of the U.S. presidential election. As reported, the anonymous trader bought 7.2 million RTR with 5,800 SOL, worth $916,400. This purchase happened at the meme…

The XRP price chart seems to be mirroring the same pattern as during its bull spike in 2017. Analysts note the same pattern in the price charts now expecting a 60,000% price pump. XRP analysts and holders debate how far the price of XRP will go varying from $20 to $9,761. The crypto community waits patiently for Bitcoin (BTC) to regain its full bullish momentum as altcoins show bullish signs instead. Amongst these bullish altcoins is VeChain (VET), WadzPay (WTK), JasmyCoin (JASMY), Cardano (ADA), and Ripple’s XRP. In particular, the XRP Army is very bullish and is expecting a phenomenal…

Sandbox is the worst-performing of all Metaverse projects to date according to a recent report. Sandbox’s average floor price had fallen from a high of 2.86 ETH in 2021 to a low of 0.13 ETH in 2024. That’s a whopping 95% drop in the measure. The report further linked that decline in Sandbox‘s prices to the general trend within the Metaverse space. It revealed that mean floor prices here have fallen by 72% From their 2021 peak prices. These figures have opened debate on what could have happened to a sector that seemed very promising a few years ago. Source:…

Bitcoin has continued its recent bearish trajectory during the past day as the asset’s price has now slipped under $64,000. Here’s what the next support looks like for BTC. Bitcoin Has Strong On-Chain Support Between $61,900 & $63,800 According to data from the market intelligence platform IntoTheBlock, BTC is floating just above a critical on-chain demand zone. Demand zones refer to price ranges where many investors last bought their coins. These ranges can be determined through on-chain analysis, as the average cost basis of each address on the network can be readily calculated through its transaction history. Below is the…

Ripple Chief Technology Officer (CTO) David Schwartz has shared his take on whether it is easy to build a decentralized digital asset backed by gold. Aside from being Ripple’s CTO, Schwartz was among those who created XRP Ledger and XRP tokens. Decentralized gold-backed crypto? “It’s really hard to do” An X app user asked David Schwartz whether it is possible to create a digital asset backed by gold and make it not centralized. The Ripple CTO eagerly responded to that, saying that “it’s really hard to do.” Schwartz believes that rather than backing a crypto with gold, it is rather…

On July 11th, the cryptocurrency market witnessed significant movements, with several tokens recording substantial gains. Leading the charge was $ALEX, which saw an extraordinary increase of 69.8%. This remarkable surge has drawn considerable attention from investors and market analysts alike, marking $ALEX as a standout performer of the day. Top 7 Gainers of the Day – July 11th@alexlabBTC $ALEX +69.8%@originalspike $SPIKE +31.5%@Ultra_io $UOS +19.4%@OfficialASRoma $ASR +18.4%@sia__foundation $SC +15.7%@GameBuild_ $GAME +15.7%@gmecoinsol $GME +14.1% pic.twitter.com/S2yOqHbSea — TOP 7 ICO | #StandWithUkraine🇺🇦 (@top7ico) July 11, 2024 Following $ALEX, $SPIKE rose notably, gaining 31.5%. This considerable uptick reflects growing interest and positive sentiment surrounding…

Andrena, a U.S.-based internet service provider, has announced the completion of an $18 million extended Series A funding round led by Dragonfly Capital, with participation from CMT Digital, Castle Island Ventures, Wintermute Ventures, 6th Man Ventures, and Parafi. The funds will be used to develop Dawn, a Solana-based decentralized broadband distribution network. Andrena Raises $18 Million in Extended Series A Funding Round to Develop Dawn Decentralized alternatives to traditionally centralized services are taking advantage of blockchain technology to reach more people. Andrena, a U.S.-based internet service provider (ISP) announced the completion of a successful $18 million extended series A funding…