Author: NBTC

Investors prepare for a wave of token unlocks this week, which could inject millions of dollars worth of new cryptocurrencies into the market and potentially create significant price volatility. Projects like DYDX, Pendle, Aptos (APT), 1inch, Immutable X (IMX), CyberConnect (CYBER), and Strike (STRK) are among those set to release previously locked tokens into circulation. Source: Token unlocks DYDX, a decentralized exchange, will unlock $2.71 million worth of tokens, constituting 0.58% of its total supply. Currently trading at $1.75, DYDX has experienced a 7.41% decline over the past 24 hours. With a market cap of $467.76 million and 55.6% of…

Aleph Zero, a prime blockchain-focused innovator has reached a major milestone with the successful release of its Ethereum Virtual Machine (EVM) Testnet featuring groundbreaking zero-knowledge (ZK) privacy functionalities. The new update will provide privacy solutions that can be executed within seconds, on regular consumer devices making it a big leap in blockchain privacy technology. It has been made possible due to the integration with Gelato Network and Aleph Zero proprietary ZK technology using Arbitrum Orbit stack. This partnership, developed to create an ecosystem where developers can build privacy preserving applications while maintaining the same smooth user experience that have made…

As Bitcoin navigates through a period of consolidation, the asset’s price movements are being monitored for optimal entry points. Michaël van de Poppe, a renowned crypto analyst, has recently shared valuable insights into Bitcoin’s current market status and potential for future movement. According to van de Poppe, Bitcoin aims to stabilize within a particular price level, hinting at a possibly extended consolidation phase that could offer a clearer picture for strategic market entries. Strategic Buying Opportunities For Bitcoin Van de Poppe suggests specific price marks that could represent advantageous buying opportunities for Bitcoin. He points out that if Bitcoin’s price…

VeChain and Vyvo Smart Chain enhance health monitoring with $B3TR token rewards. Users incentivized through the Health Index for maintaining healthy lifestyles. Vyvo Smart Chain has joined forces with VeChain’s VeBetterDAO, bringing a transformative approach to health and lifestyle monitoring. This collaboration is designed to reward users with $B3TR tokens for their healthy behaviors, seamlessly integrating with the Vyvo Health Index. Innovative Rewards System Blockchain expert Collin Brown highlights the benefits of this partnership, noting that users can earn $B3TR tokens by maintaining healthy lifestyle habits tracked through the innovative Health Index. 🚀 Exciting news! @VyvoSmartChain has partnered with #VeChain’s…

Bitcoin price climbed higher above the $70,000 level. BTC is now holding gains above support and might aim for another increase in the near term. Bitcoin extended its increase above the $70,000 zone. The price is trading above $69,000 and the 100 hourly Simple moving average. There was a break above a key bearish trend line with resistance at $69,000 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could start another increase unless there is a move below the $68,500 support. Bitcoin Price Holds Support Bitcoin price started another increase from the $68,000 support…

While investors in Solana (SOL)-based memecoins continue, a large sell-off in a memecoin caused the price to crash. Another case of insider trading occurred in the Memecoin market, and the SOL-based memecoin called SPIKE fell by up to 95%. According to Lookonchain’s post, investors who had insider information about the memecoin named SPIKE started selling tokens like crazy shortly after the token was launched. Insiders received large amounts of SPIKE through multiple wallets. However, he soon sold 292.95 million SPIKEs, equivalent to 29.3% of the total supply, for SOL 7,056 ($1.06 million). These sales caused the SPIKE price to drop…

Defunct crypto exchange Mt. Gox transferred 12,240 BTC, valued at approximately $840 million, to a new wallet over the past hour, according to data from Arkham Intelligence. Following the transfer, Bitcoin’s price experienced a minor dip, dropping below $68,500, according to CoinGecko’s data. Mt. Gox BTC transfer on May 27 – Source: Arkham Intelligence Despite the latest movement, there is still a substantial balance, worth approximately $9.7 billion, in the wallet. Established in 2010 and once responsible for 70% of Bitcoin transactions worldwide, Mt. Gox suffered a devastating cyberattack in 2014, resulting in huge Bitcoin losses for both the exchange…

Shiba Inu burn campaign gains momentum as an unknown user sends over 225M SHIB to the dead wallet in a single transaction, bringing the total daily burns to over 232M. Shibburn has indexed a transaction involving the incineration of over 200M Shiba Inu (SHIB) tokens. According to the burn tracker, an anonymous user sent a whopping 225,637,580 (225.63M) SHIB tokens worth $4,964 to the dead wallet. Data from Shibburn shows that the transaction occurred yesterday at 17:25 UTC. Further investigation into the wallet showed that the user withdrew 1.41 ETH ($4,946) from Robinhood before initiating the burn. At press time,…

The world’s largest cryptocurrency, Bitcoin (BTC), has been consolidating over the past week, trading between $67,000 and $70,000 after experiencing a brief 20% price correction that sent it as low as $56,400 in early May. This consolidation period comes as inflows into the US spot Bitcoin ETF market have reignited, and selling pressure appears to have cooled off, both in the ETF market and among Bitcoin investors more broadly. Bitcoin Selling Pressure Fades According to Julio Moreno, head of research at on-chain market analytics firm CryptoQuant, the current Bitcoin price level of $70,000 differs from when it last reached that…

On May 28, on-chain analysts observed that Mt. Gox distributions appeared to be underway. Around 42,900 BTC worth around $2.9 billion was being moved at the time though there could be as much as $6 billion worth. Analyst James Check said that the Mt. Gox event is going to be “a fantastic case study for why on-chain data works so well for Bitcoin.” Finally, Mt Gox distributions appear to be underway. Around 42.9k $BTC on the move as we speak, worth around $2.94B Congrats to the creditors, it must be a relief and a half to get these coins back.…