Author: NBTC

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.…

Marathon Digital is expanding its geographic reach by venturing into Europe, marking a significant step in its global diversification strategy. This move contrasts with some North American competitors who remain more focused on domestic projects. After energizing a two-megawatt datacenter in Finland’s Satakunta region, Marathon seeks to help heat a town there of 11,000 people. The process Marathon is testing is known as district heating, which involves heating water in a central location before distributing it via underground pipes. Such systems aim to decarbonize heating in urban areas especially, Marathon said. “We believe that this kind of innovation can drive…

Macro strategist Henrik Zeberg is predicting Bitcoin (BTC) will make a big move to the upside any day now. In a new interview on the Bloor Street Capital YouTube channel, Zeberg says Bitcoin could soar more than 64% from its current value by the third quarter of the year. “In January I said $110,000 to $115,000 on Bitcoin and I stick to that. I think we’re hours or days away from a big move starting again. We had a big move on [May 20th]. I think that was just the beginning. Now we’ve been consolidating for a few days, and…

Ripple and JasmyCoin may partner up soon based on recent market moves. Ripple has launched a blockchain investment fund in Korea and Japan. Japan’s most known blockchain project is JASMY, both XRP and JASMY could moon. JASMY enthusiasts are thrilled by the momentum of the token over the last few weeks. Amidst the latest crypto correction phase, speculation around JasmyCoin’s next partnership grows around a possible collaboration with Ripple. #jasmy fam Follow along on this post. I think #Ripple will invest in @JasmyMGT if they haven’t already. You can call me crazy by the end of summer 2025 if we…

GTN, a fintech company offering trading solutions, has partnered with Revolut to launch bond trading for EEA customers on the Revolut app. Announced today (Tuesday), Revolut customers can already trade bonds directly via the invest section of the app. The press release shared with Finance Magnates detailed that Revolut is leveraging GTN’s instant click-to-trade functionality via its FIX and REST APIs to bring bond trading to its customers. “Our API allows Revolut to make investing in bonds as easy as investing in stocks,” said Ankit Shah, Global Head of Fintech at GTN. “The fractionalisation of bonds eliminates the traditional barriers…

Matthew Dixon confirms Bitcoin is in the ‘c’ wave of its correction phase. Dixon suggests the current phase offers ideal Dollar-Cost Averaging (DCA) opportunities. Inflows into the US spot Bitcoin ETF market rise, and selling pressure decreases. Bitcoin (BTC), the world’s largest cryptocurrency, has been consolidating over the past week, trading between $67,000 and $70,000. This follows a brief 20% price drop in early May, which saw prices fall to $56,400. During this consolidation, inflows into the US spot Bitcoin ETF market have increased, and selling pressure has decreased. This suggests a more stable market environment for Bitcoin. Meanwhile, the…

As the cryptocurrency correction accelerates, meme coins are among the worst sufferers yet again thanks to being highly volatile. Traders of meme coins faced an eight-digit liquidation wave in the last 24 hours. Meme coins BRETT, FLOKI post double-digit losses; SHIB, WIF also under pressure Brett or Brett on Base (BRETT), the largest meme coin of Coinbase’s L2 Base (BASE), is registering double-digit losses for the second day in a row. Yet again it is among the worst performers on the top 100 list, with 15.2% lost overnight. The asset is extremely close to dipping below the important $1.5 billion…