Author: NBTC

Shiba Inu just recorded its largest burn transaction in over a month, as a single wallet recently sent exactly 650,000,000 SHIB tokens to the burn address. The Shiba Inu community has upheld the burning campaign despite relative silence, making occasional contributions to help bolster the deflationary trend. As a result, community members and ecosystem projects have continued to send millions of SHIB to the dead wallet. However, SHIB recently recorded one of the most significant burn transactions in recent times, triggering a spike in the burn rate. Notably, an unknown wallet sent 650 million Shiba Inu to the burn address…

According to trader Jake Wujastyk, the current Bitcoin price action is similar to its performance in February 2017. On his chart, the trader is comparing two Bitcoin breakouts from February 2017 and October 2020. #Bitcoin This current breakout to new all-time highs has very similar price action to the February 2017 breakout (see orange boxes). $BTCUSD pic.twitter.com/66wE4ld9jJ — Jake Wujastyk (@Jake__Wujastyk) June 2, 2024 In both instances, the major cryptocurrency experienced substantial rallies after consolidating below corresponding resistance levels. A similar scenario is unfolding right now, with the flagship cryptocurrency seemingly gearing up for another rally under the $68,000 level.…

Manta Network has launched Manta CeDeFi, a platform combining centralized finance (CeFi) and decentralized finance (DeFi). It will provide enhanced earning opportunities for on-chain users. This innovative solution offers institutional-grade compliance and extensive financial flexibility. It will allow holders of assets such as USDT, USDC, wUSDM, WBTC, BTCB, ETH, and STONE to earn more. Users can benefit from CeFi’s stable strategy arbitrage, DeFi yields on Manta Pacific, and $MANTA token incentives. In #MantaCeDeFi, users earn CeFi yield on their deposits through @CeffuGlobal. You can learn more about Manta CeDeFi here:https://t.co/r8OpZc6CbVStay tuned for more updates coming soon to 💿✋ — Manta…

Ethereum saw $62M in long liquidations on June 11th amid a sharp price drop, highlighting significant market volatility. Ethereum’s options market volume fell by 52%, impacting liquidity and trader confidence, with Open Interest down 2% to $15.73B. However, Ether retains its sharpness in 2022, alt amid market headwinds that see exchanges record over $1 billion in outflows and whales amassing 240,000 ET. Among the top acts, Ether – the second-largest altcoin – has been fluctuating sharply. The dominance of long liquidations reached $62 million by the 11th of June, the highest recording since the 23rd of May. This suggests that…

Cardano (ADA), currently the eleventh-largest cryptocurrency by market capitalization, is experiencing significant growth in its Plutus V2 smart contracts. The surge in the number of smart contracts comes at a time when the broader cryptocurrency market is stabilizing. Smart contracts play a crucial role in enabling decentralized applications (dApps) and facilitating automated transactions on the blockchain. Because of this, Cardano’s focus on enhancing its smart contract functionality positions it as a contender in the competitive environment among blockchain platforms. As of April 14, the total number of Plutus scripts on the Cardano network, including both Plutus V1 and Plutus V2,…

There is a growing demand for Ethereum (ETH) on centralized trading platforms as the approval of spot ETF is driving bullish sentiments. According to CryptoQuant’s Head of Research Julio Moreno, Ethereum demand has spiked significantly. Ethereum Buying Breaks Major Record As Moreno pointed out, Ethereum buying by permanent holders marked the second highest on record on June 13 with a total of 298,000 ETH acquired. Ethereum as a digital currency is not new to intense buying activity overall. Besides this recent spike in buying activity, Ethereum’s highest buying date ever came last September 11 when a total of 317,000 ETH…

Ripple’s Chief Technology Officer, David Schwartz, recently found himself at the center of speculation about his personal wealth. Amid conjecture about his financial status, Schwartz has stepped forward to clarify that he is not yet a billionaire. Schwartz, known for his transparency and engagement with the community, addressed the speculation, debunking any myths about his wealth. To back up his claims, the Ripple CTO shared a screenshot of a tweet from 2021 in which he stated that he was not yet a billionaire, reaffirming his current stance. Still not.https://t.co/DSaJrjisz4 — David “JoelKatz” Schwartz (@JoelKatz) April 15, 2024 Despite his significant…

On 29 May 2024, Daniela Cambone hosted Jack Mallers, CEO of Bitcoin startup Zap Solutions, Inc., on her show. Mallers, known for his outspoken advocacy for Bitcoin and its underlying technology, shared his perspective on dedollarization and why he transitioned to using Bitcoin exclusively in his daily transactions. Here’s a detailed look at what Mallers discussed during the interview. The Origins of Dedollarization Mallers began by addressing the concept of dedollarization, which he traces back to the financial crisis of 2008-2009. According to Mallers, this period marked a significant turning point as the world began to lose faith in the…

The second-largest cryptocurrency by market capitalization Ethereum ($ETH) has seen demand for it skyrocket to its second-highest level on record, as permanent holders accumulated 298,000 ETH worth $1.04 billion, in a single day. That’s according to CryptoQuant’s head of research Julio Moreno, who noted on the microblogging platform X (formerly known as Twitter) that it came close to the record daily buying, which occurred last September and saw permanent ETH holders accumulate 317,000 tokens. Ethereum demand has spiked.Buying by permanent holders was the second highest on record yesterday: 298K ETH.The record daily buying was last September 11: 317K ETH. pic.twitter.com/0qMVpNU8ht…

A new move came from Ethereum (ETH) co-founder Vitalik Buterin, who positively affected the market and the price of the relevant altcoin with his shares and statements. Finally, Vitalik Buterin, who supported the altcoin named Railgun (RAIL), enabled an unprecedented increase of up to 240% in the price of RAIL. At this point, Buterin supported RAIL with his post from his X account, while also praising its innovative privacy pools protocol. Prior to this post, Arkham revealed that Vitalik Buterin (vitalik.eth) transferred 100 ETH (approximately $325,000) to Railgun today, while Chinese journalist Wu Blockchain reported that for the past six…