Author: NBTC

The global crypto market has experienced solid bearish sentiment in the last 24 hours as the Ethereum (ETH) token takes a major hit. As tracked on CoinMarketCap, the ETH token recorded an 8.20% loss, pushing its price to $3,141. This negative sentiment is largely attributed to Tuesday’s ETF launch, which caused ripple effects on the entire crypto market. ETH/USD 1-Day Chart (Source: CoinMarketCap) As a result, the total market capitalization dipped by over 4% to $2.3 trillion from a weekly peak of $2.60 trillion, recorded on Sunday. Following this negative price action, key players like Bitcoin and Binance Coin also…

A recent whale activity concerning $SNX has reportedly resulted in a significant loss. As per the famous on-chain analytics provider Lookonchain, a whale recently deposited up to 1.068 million $SNX tokens, incurring losses instead of profit. The analytics company took to its official X account to provide the details of this incident. A whale deposited 1.068M $SNX($2.1M) into #Binance 4 hours ago and lost $216K!This whale withdrew 1.068M $SNX($2.316M) from #Binance at $2.17 on Jan 30, Jul 12, and Aug 24, 2023.In May 2024, he had an unrealized profit of $3.12M, but he did not sell it then.… pic.twitter.com/U4frtgn2Hb —…

A prominent digital public infrastructure PlatON, has started a strategic collaboration with Coins.ph. The partnership between PlatON and Coins.ph focuses on the provision of comprehensive payment services to consumers concerning crypto and fiat currencies. The platform took to its official account on X to provide the details of this partnership. 🚨 We are thrilled to announce that #PlatON has established a strategic partnership with @coinsph, the largest digital asset platform in the Philippines! 🚀https://t.co/rmnEhZSeMn’s payment gateway will be fully integrated into PlatON’s Web3.0 confidential payment system,… pic.twitter.com/Y0ijy7kKSn — PlatON (@PlatON_Network) July 29, 2024 PlatON and Coins.ph Join Forces to Deliver…

The cryptocurrency market remains as unpredictable as ever, with Ethereum (ETH) facing significant selling pressure from large investors, commonly referred to as “whales.” Currently, the price of Ether hovers around $3,166, yet Bitcoin (BTC) hasn’t managed to reclaim the $65,000 support level. With the launch of Ethereum ETFs, trading volumes surged past $500 million within two days, but this has not stemmed the tide of whale-driven sales. Over the past two weeks, more than 840,000 ETH have been sold by holders possessing between 10,000 and 100,000 ETH. Historically, intense selling by whales has led to declining prices. The current sales…

The ApeCoin (APE) decentralized autonomous organization (DAO) is voting on a proposal to launch an APE-themed hotel in Bangkok, Thailand. So far, over $3.6 million worth of APE votes for “yes,” dominating by over 90%. Notably, the ApeCoin Improvement Proposal #448 (AIP-448) started on July 18 and will finish on July 31. This proposal received the moniker “ApeCoin Hotel” and counts with 4.6 million APE voting “yes” on July 21. On the other hand, 411,000 APE investors vote “no” for the AIP-448, resulting in a 91.84% “yes” dominance. The opposing side will have a hard time preventing the “ApeCoin Hotel’…

Crypto exchange One Trading has been granted an Organized Trading Facility license by the Dutch financial regulator to bring crypto futures onshore in the European Union. One Trading, a crypto trading platform incubated by Bitpanda, has secured a license from the Dutch Financial Markets Authority, becoming the only perpetual futures trading venue in the European Union, the company said in a Monday press release. The so-called Organized Trading Facility license positions the Netherlands-headquartered crypto exchange as the first cash-settled perpetuals platform in Europe, including the U.K., the press release reads. One Trading founder Joshua Barraclough says the license is part…

A new token-bridging app named TokenBridge has recently launched. It is developed by Crowny and uses Wormhole to connect Solana & Near Protocol. This bridge means users can now move their assets between the Solana and Near Protocol. The latest bridge connecting @solana & NEAR Protocol is live 💚🌉💜Explore all NEAR has to offer all whilst staying onchain.Powered by @wormhole. Built by @crownyio. https://t.co/Jq7LSzCEXG — NEAR Protocol (@NEARProtocol) July 25, 2024 Wormhole is a communication bridge between Solana and other top decentralized finance (DeFi) networks. Existing projects, platforms, and communities can move tokenized assets seamlessly across blockchains and benefit from…

In contrast, the spinoff from Grayscale’s Ethereum Trust has seen its net inflows consistently grow over the last three days. Grayscale’s Ethereum ETF (ETHE) ended Thursday with approximately $346 million in net outflows, extending its losses to $1.1 billion within three trading days since its conversion, data from Farside Investors reveals. After the third trading day, ETHE’s assets under management plummeted from over $9 billion to $7.4 billion, a remarkable decline since the launch of US spot Ethereum ETFs. Source: Farside Investors In contrast, BlackRock’s iShares Ethereum Trust (ETHA) led inflows on Thursday, attracting approximately $71 million. Grayscale’s Ethereum Mini…

Scottie Pippen, the iconic NBA player known for his role with the Chicago Bulls, recently turned heads on X with an intriguing post that has captured the attention of both basketball and cryptocurrency fans. Thus, Pippen asked his followers to weigh in on a choice between Ethereum and Solana, two of the biggest altcoins and blockchains currently. In response to Pippen’s question, Dogecoin co-creator Billy Markus made his stance clear by endorsing Dogecoin (DOGE) as the preferred choice. dog coin obv — Shibetoshi Nakamoto (@BillyM2k) July 21, 2024 As many know, despite its origins as a meme coin, Dogecoin has…

Cryptocurrency exchange OKX is preparing to launch USDT margin futures for HMSTR, and trading will begin at 13:00 on August 1, 2024. This update will be available in the web and application interfaces as well as the API. OKX to List HMSTR Futures Details of Pre-Market Futures Contract: Collateral: HMSTR/USDT index (based on the last price of the contract) Settlement Crypto: USDT Face Value: 10 HMSTR Quote: Price of 1 HMSTR in USDT Tick Size: 0.0001 Leverage: 0.01 – 2x Trading Hours: 24/7 trading Contract Type: Expiry futures Delivery Time: The delivery date of futures transactions has not been determined…