Author: NBTC

Cryptocurrency analysis company Layergg has published the list of altcoins to watch next week. Ethena (ENA) Ethena, a new and serious project, has achieved the highest return among major dApps with $8 million in earnings in the last seven days. The project also accepts BTC collateral, significantly increasing its Total Addressable Market (TAM). However, it is said that the project carries risks similar to Terra (LUNA). Ordi (ORDI) According to the analytics firm, ORDI is seen as the primary memecoin broker showing the effects of the BTC Halving cycle. On April 4, Franklin Templeton wrote a report on ORDI. The…

Demand for U.S. Bitcoin spot ETFs smashed another record on Tuesday, exceeding $1 billion of daily net inflows for the first time ever. Outflows from the Grayscale Bitcoin Trust (GBTC) are still consistent, but have slowed to $79 million—down from $494 million a day prior. Meanwhile, BlackRock’s iShares Bitcoin Trust (IBIT) hauled a record $849 million, with smaller rivals like VanEck gathering $82 million. [1/4] Bitcoin ETF Flow – 12 March 2024 All data in. Record day with over $1 billion of net inflow. Blackrock with a record $849 million of inflow pic.twitter.com/dKFmM3Qvaa — BitMEX Research (@BitMEXResearch) March 13, 2024…

Swole Doge (SWOLE) currently has a market cap under $100,000, meaning it has immense upside potential and could turn thousands into millions of dollars if its market cap hits $10 million. Swole Doge (SWOLE) is gearing up for a 3,500% rally in the next 14 days, as this memecoin – which was launched in late 2021 – re-emerges and attracts a new wave of investors who are cashing in their SHIB and DOGE profits. SWOLE has rallied around 200% in the last day, but it has huge further potential to rise, as its current market cap is still under $100,000,…

The cryptocurrency open interest volume has skyrocketed to record highs, bringing huge volatility to derivatives and spot markets. While traders bet on the outcome of cryptocurrencies like Bitcoin (BTC) and XRP, they leave positions behind, threatening liquidations. In particular, the current bullish momentum has fueled traders’ greed and encouraged the opening of long positions. This trend is gaining strength, and multiple indicators suggest a long squeeze could be incoming for top-traded assets. Finbold turned to different sources and found relevant long-squeeze alerts in the market, with special attention to the leading cryptocurrency, Bitcoin. Bitcoin (BTC) open interest and funding rates…

Matthew Dixon, the CEO of AI-based crypto evaluation platform Evai, has stated that XRP could soon pull a surprising stunt based on recently observed on-chain data. In a recent update shared by Dixon, Evai’s platform detected a substantial surge in XRP’s trading volume. He interprets this data as indicative of significant underlying interest in XRP. Dixon speculates that this could lead to a typical surge in XRP’s value, advising market participants to brace themselves for a surprise. “We should get that typical XRP explosion higher at some point. Be ready to be surprised,” Dixon remarked. Massively increased trading volume on…

Spot bitcoin ETFs could see $220B of inflows over the next three years, JMP Securities analysts say. JMP says Coinbase is well-positioned, and raised its stock price target to $300 from $220. Separately, Wall Street giant JPMorgan estimated $62 billion of bitcoin ETF inflows in the next two to three years. Spot bitcoin (BTC) exchange-traded funds could see $220 billion of inflows over the next three years, which means BTC’s price could quadruple to $280,000 when applying the multiplier on new capital, broker JMP Securities said in a research report Wednesday.JMP analysts said crypto exchange Coinbase (COIN) remains well-positioned if…

A whale wallet just gulped 692,400,000,000 (692.4 billion) Shiba Inu tokens from leading crypto exchange Crypto.com amid the prevailing price struggles. The transaction, indexed by whale-tracking resource Whale Alert, occurred today at 3:18 AM (UTC), marking the largest Shiba Inu whale transaction this month. Data from Etherscan confirms that the recipient address is an unknown whale wallet, while the sending address belongs to Crypto.com. 🚨 692,400,000,000 #SHIB (19,260,837 USD) transferred from #CryptoCom to unknown wallethttps://t.co/EanzRBG2jj — Whale Alert (@whale_alert) April 8, 2024 The transfer, which moved over $19.26 million worth of Shiba Inu tokens, has sparked a reaction from market…

Bitcoin to the moon? Some crypto data experts certainly think so. The price of Bitcoin is currently at $72,880, data from CoinGecko shows. Earlier on Wednesday, it hit another new all-time high price of over $73,600 per coin, continuing a recent string of upward surges. The new heights are down to the continued success of the spot BTC exchange-traded funds (ETFs), which are receiving record inflows amid rising demand from traditional investors. Bitcoin is said to be in price discovery mode right now, which means that the cryptocurrency has reached an all-time high price and now is charting new territory.…

Last Friday, Kevin Paffrath, on his highly popular YouTube channel Meet Kevin, kicked off the discussion by highlighting Ripple’s landmark victory in July 2023, when the SEC declared that the XRP token is not inherently a security. Paffrath pointed out how this regulatory win was a pivotal moment for Ripple, setting a precedent for the company’s future endeavors without the overshadowing threat of regulatory complications. As CryptoGlobe reported, Ripple, a frontrunner in blockchain and cryptocurrency solutions, announced on April 4 its intention to unveil a stablecoin tethered 1:1 with the US dollar later this year. This forthcoming stablecoin will be…

United States Senators Kirsten Gillibrand and Cynthia Lummis have unveiled a significant legislative proposal aimed at establishing a comprehensive regulatory framework for stablecoin issuers and the fiat-backed digital assets. The announcement came on April 17, marking the introduction of the Lummis-Gillibrand Payment Stablecoin Act, a culmination of months of drafting by the two senators. This long-awaited bill is anticipated to be formally presented in 2024. Stablecoin Bill in the US Central to the proposed legislation is the prohibition of “unbacked, algorithmic stablecoins,” a measure likely prompted by the depegging incident of TerraUSD (UST) from the U.S. dollar in 2022. Gillibrand…