Author: NBTC

After rising 5,200% over two-and-a-half weeks, the Solana meme coin BEER crashed 85% in a few days following massive sell-offs by insider traders, as reported on X by a user identified as Wazz. The dump of 13 different wallets amounted to over $15 million during this period. The Solana shitcoin $BEER went down 80% a few days after listing on @Bybit_Official with insiders/team cashing out $15M+ The team/insiders controlled 50%+ of supply One of the biggest and more ellaborate meme scams I’ve seen so far here are the wallets that caused the dump🧵 pic.twitter.com/ngdtVs7T0F — Wazz (@WazzCrypto) June 13, 2024…

In 2024, the financial industry is witnessing a transformative trend where traditional finance (TradFi) converges with blockchain technology, notably through Real-World Asset (RWA) tokenization.— Leading asset management giant BlackRock has emerged as a pivotal player in this arena, spearheading significant advancements in RWA following its successful launch of a Bitcoin ETF earlier this year, which now manages an impressive $21 billion in BTC volume.The Rise of Real-World Asset TokenizationRWA tokenization marks a paradigm shift, democratizing access to diverse assets such as bonds, stocks, real estate, and cultural assets. These assets are being digitized into tokens, promising enhanced liquidity, proof of…

The on-chain analytics firm Santiment has explained how this Bitcoin indicator has been one of the top leading indicators in the cryptocurrency market. Holdings Of Bitcoin Investors With At Least 10 BTC May Correlate To Price In a new post on X, Santiment has discussed about a metric that has historically been one of the top leading indicators in the sector. The metric in question is the total amount of supply held by the Bitcoin investors carrying at least 10 BTC in their wallets. At the current exchange rate of the cryptocurrency, this cutoff is equivalent to around $683,000. As…

On June 18, 2024, the new event Rebirth Rebuilt 1/100 will take place in Milan, presenting the new format that features the dialogue between art and the real estate market: among the artists, Andrea Crespi, famous in the NFT Art sector, will also be present. The NFT artist Andrea Crespi at the premiere of Rebirth Rebuilt 1/100: art and the real estate market The NFT artist Andrea Crespi and the artful living of the Rebirth Rebuilt 1/100 in Milan The conquest of Asia by Crespi The NFT artist Andrea Crespi at the premiere of Rebirth Rebuilt 1/100: art and the…

A widely followed cryptocurrency analyst and trader believes that Ethereum (ETH) could go up by triple-digit percentage points from the current price. The analyst pseudonymously known as Credible tells his 396,700 followers on the social media platform X that Ethereum could rise to a five-figure price during the current cycle. “ETH to $10,000 minimum by end of cycle. Realistically, significantly higher than that. I like $20,000 because it matches Bitcoin’s 2017 top and it’s a nice, round number to target after $10,000 is breached.” Ethereum, which is trading at $3,510 at time of writing, would need to appreciate by between…

Speculation is rife within the cryptocurrency community about a potential partnership between Ripple, the U.S.-based crypto payments firm, and Jasmy, a Japanese blockchain platform. This speculation arose after Ripple announced the creation of a fund in Japan and Korea to foster innovation on the XRP Ledger (XRPL), signaling further expansion in the Asia-Pacific region. Ripple noted in a Tuesday statement that the funds will support corporate partnerships, developer grants, startup investments, and community growth. This new fund will be financed by Ripple’s 1 billion XRP committed in March 2022 to provide financial, technical, and business support for developers. Given Ripple’s…

Companies in two capital markets are looking to implement the business model that Microstrategy, led by entrepreneur Michael Saylor, pioneered in the U.S. According to David Bailey, CEO of Bitcoin Magazine, who denied one of these markets to be Korea, these operations are currently in the negotiation stage. More Companies Looking to Adopt Microstrategy’s Bitcoin Purchasing Strategy As cryptocurrency gets institutionalized, more companies seek to add bitcoin to their reserves and make it a key tool in their operational plans. David Bailey, CEO of Bitcoin Magazine and crypto aide of the Trump campaign, has confirmed companies in two foreign countries…

On Tuesday, digital art purveyor Feral File will debut “Crystalline Work,” a new generative, on-chain series from the Irish contemporary artist John Gerrard that will algorithmically produce new pieces every hour for the next year. The series, set to become the longest-running on-chain performance art project ever attempted, returns Gerrard to familiar territory: environmental activism. In “Crystalline Work,” a robot stationed at a digital, barren version of the North Pole performs an algorithm inspired by ice formations to create intricate designs made of crystal bar lattices. The series also utilizes another Gerrard favorite, the WebGL browser API, to bring the…

Ethereum price rapidly tumbled to a 25-day low of $3,428 on June 13, 2024, amid intense volatility in the wake of the US Fed rate pause announcement; on-chain data trends suggest more downside ahead. Ethereum Price Falls Below $3,500 First Time Since ETF Approvals The crypto market has been in a consolidation phase for the better part of the past month. During that period, ETH managed to outperform the market average thanks to bullish tailwinds from the ETF approval from the US SEC in late May. However, three weeks after the official approval verdict, the fund sponsors are still stuck,…

In the last 24 hours, Cardano (ADA) saw a massive 29% increase in its futures trading volume, reaching over half a billion dollars, as reported by CoinGlass. This increase reveals a strong shift toward ADA perpetual futures trading, which has outpaced the spot market. According to CoinMarketCap, Cardano spot trading volume on exchanges totaled $466 million, bringing the total trading volume to nearly $1 billion. The trend toward futures trading suggests the more speculative nature of trading over long-term investment. The modest change in spot market activity supports this trend, indicating that traders were more focused on futures trading for…