Author: NBTC

In a recent X post, the head of research at CryptoQuant, Julio Moreno, revealed that new Bitcoin whales have injected approximately $100 billion into the market in 2024. This substantial influx from high-net-worth individuals and institutional investors marks a significant development in cryptocurrency, reflecting growing confidence in Bitcoin’s long-term potential. New whales have brought ~$100B into Bitcoin this year. https://t.co/lF1ehqwWoH — Julio Moreno (@jjcmoreno) May 31, 2024 Bitcoin whales are typically defined as individuals or entities holding large amounts of BTC with an addition in this category of addresses this year. Notably, this new inclusion of whales has collectively brought…

Ethereum is trading at $3,624, targeting $3,740 if momentum holds, with $3,430 as potential support. US CPI data decreased to 3.3%, boosting the crypto market, with Bitcoin nearing $70,000 and Ethereum rising. Ethereum’s daily active addresses dropped from 622,963 in March to 458,400 in June, despite increased large transactions. Ethereum (ETH) is currently on a strong upward trend, encountering resistance at around $3,660, suggesting short-term traders might be taking profits. Buyers have driven the price above immediate Fibonacci channels, targeting a further rise above EMA trend lines. ETH is trading at $3,624, reflecting a 3.3% increase in the past 24…

As the week ended on Friday, June 14, the cryptocurrency market crashed, with altcoins reaching multi-month lows. Meanwhile, a firm has shown a bullish bias and bought this recent dip, allocating nearly $20 million to two cryptocurrencies. The cryptocurrency trading firm Amber Group has disclosed over $1 trillion in trading volume since 2017, with thousands of clients. In 2022, Amber Group had an estimated $5 billion in assets under management (AUM) exclusively dedicated to cryptocurrency. According to a Blockworks report, the company was valuated at $3 billion during a private funding round, disclosing some numbers. Now, Lookonchain spotted and reported…

The mysterious Shiba Inu leader Shytoshi Kusama who took over as a leader after Ryoshi disappeared has published a tweet after a ten days’ break. His message to the SHIB army has an enigmatic feel to it as he shared the only thing he shares with the SHIB army. “There is one thing we all share”: Shytoshi Kusama Kusama has not been using the X social media platform often lately. The previous tweet was published two weeks ago. Several hours ago, the mysterious SHIB lead philosophically revealed something he shares with the SHIB army – “the beauty of the moon.”…

Bybit’s listing of zkSync faces backlash for reassigning ‘ZK’ ticker from Polyhedra Network. Crypto community criticizes Bybit, citing branding rights violations and unethical practices. Bybit’s decision raises concerns about trust and reputation in the cryptocurrency market. Bybit, a renowned cryptocurrency exchange platform, announced its decision to list zkSync on its trading platform. This announcement, however, has not been met with universal acclaim. Instead, it has sparked a wave of criticism from thousands of users and industry stakeholders. Bybit’s announcement of listing ZKsync has attracted thousands of criticisms. OKX CEO Star asked why so many people blamed ZKsync. Justin Sun asked…

Crypto analyst ShardiB recently revealed that Bitcoin has entered ‘chop season.’ This is significant as it could be a while before the flagship crypto finally archives that breakout, which will send it to new all-time highs (ATHs). How The Chop Season Will Affect Bitcoin’s Price While revealing that Bitcoin was about to enter the chop season, Shardi B hinted that the season would be filled with more sideways movement for the flagship crypto. The analyst made reference to the fact that BTC has continued to attempt to break out of its current range but has failed on every attempt so…

Coinbase saw the largest Ethereum outflow of the year, totaling over 336,000 ETH, worth more than $1 billion on June 12th. This marks the fifth instance in 2024 where over 150,000 ETH has been pulled from the crypto exchange in a single day. It is still unknown as to who is behind such a massive transfer of funds. Coinbase’s Historic $1B Worth Ethereum Outflow According to the latest findings by CryptoQuant, the magnitude of these transactions ranges from $400 million to $1.1 billion, suggesting that they are unlikely driven by individual investors. Instead, these movements are probably orchestrated by whales…

The cryptocurrency community is in turmoil following Matter Labs’ announcement of the first ZKsync airdrop, scheduled for June 17. The airdrop will allocate 17.5% of ZKsync’s native token. However, excluding key participants and the distribution strategy has attracted significant backlash. ZKsync Airdrop Sparks Community Outrage Community members are dissatisfied with the ZKsync airdrop’s allocation and eligibility criteria. The controversy has prompted many to advise other network users to withdraw their funds and transition to alternative Layer 2 solutions like Arbitrum. Critics argue that the crypto airdrop process lacks transparency and fairness, especially after crypto exchange Bybit announced it would list…

OKX Wallet integrates with Sablier for real-time crypto payments via Ethereum smart contracts. Sablier facilitates by-the-second payments for ERC-20 assets, enhancing OKX’s Web3 ecosystem. OKX offers a comprehensive suite including a DEX, NFT marketplace, and Web3 DeFi platform. OKX has announced integration between its Web3 wallet and Sablier, an infrastructure designed for money streaming and token distribution. This development enables the OKX Web3 community to access Sablier’s advanced solutions and features directly through a web extension. Flash News: OKX Wallet Now Integrated with Sablier https://t.co/5QKxROANEL — CrazyforCrypto (@MaryJ89167299) June 15, 2024 Sablier, a protocol built with Ethereum smart contracts, facilitates…

The Oklahoma Governor signed a bill exempting particular taxes for bitcoin mining. America has expressed its aim to become a leading nation within the BTC mining sector. The Governor of the USA state, Oklahoma signed a crypto bill that exempts Bitcoin miners from electricity sales tax. This bill is the state’s step toward advancing self-governance in the cryptocurrency sector. Notably, the signing has made Oklahoma the first state in the nation to advance in crypto and bitcoin mining. The Bill ‘HB1600’ grants Oklahoma the status of having the most effective power rate in the country. Oklahoma Governor Kevin Stitt’s signing…