Author: NBTC

Investor interest in digital asset investment products remains strong as evidenced by the recent inflows into various digital asset investment products. According to a report by CoinShares, a total of $646 million poured into these vehicles, pushing the year-to-date inflows to an unprecedented $13.8 billion and surpassing the previous year’s total of $10.6 billion. Bitcoin continues to be the primary focus for investors, with inflows totaling $663 million. However, short-bitcoin investment products saw outflows for the third consecutive week, amounting to $9.5 million, indicating a minor capitulation among bearish investors. Enthusiasm in Spot ETF Start to Moderate Despite the overall…

Justin Sun, a prominent and somewhat controversial figure in the cryptocurrency world, has seen a significant increase in his total assets due to recent market rallies. As of now, Sun’s total assets are worth $1,287,907,754.26, an increase of $6.24 million today alone. Since last week, Sun’s assets have gained $95.90 million in value. However, its assets are $257.44 million lower compared to the previous year. A breakdown of Sun’s assets over $500,000 reveals a diverse portfolio: TRX: $282.65 million USDD: $280.03 million BTT: $179.80 million BTC: $108.95 million USDJ: $95.39 million STETH: $76.98 million STUSDT: $49.63 million TRX: $48.70 million…

The Bitcoin price has nearly reached the correction target of $60,000, as previously forecasted when it was around $71,700. The question now is whether it will remain at $60,000 or decline further. Bitcoin Doomsday: Has BTC Already Hit its Peak? Before delving into the analysis of the BTC price, it’s prudent to consider the worst-case scenario where Bitcoin might revert to its previous low of around $15,500. Bitcoin Price Chart. Source: Tradingview However, this outcome seems less likely given the current circumstances. Let’s explore a more realistic scenario. Bitcoin’s 17% Drop: Brace for More Downside? The Bitcoin price currently sits…

Web3 venture capital firm Animoca Brands has announced a partnership with Imaginary Ones, a Singapore-based NFT project. According to a press release shared with Crypto.news, the NFT project plans to leverage Animoca’s expertise and resources to strengthen its tokenomics. The venture capital firm will also help Imaginary Ones with its “go-to-market strategy,” the release added. “Animoca Brands’ support will fast-track our plans in the three areas of utility, coins and development, which will help to unify Web2 and Web3 worlds and build on our promise that if you can imagine it, we can build it,” said Clement Chia, co-founder of…

Sora Ventures, a venture capital firm focused on the Bitcoin ecosystem, has announced the successful raise of $3 million to launch a Runes Liquid Fund, a new investment vehicle dedicated to investing in liquid assets on the Runes Protocol. Investors include Bankless Ventures, SpaceshipDAO, entities from BTC Inc. Bitcoin Magazine, and Serafund. Runes refers to a new fungible token protocol introduced to the Bitcoin blockchain. This protocol is designed to facilitate the creation, issuance, and transfer of Bitcoin-native digital commodities, potentially transforming how digital assets are managed and exchanged on the network. The Runes protocol is built upon an indexer-based…

Solana has seen a dramatic increase in DEX transaction volumes since early March. SOL is still a long way from its all-time high, which it hit in November 2021 at $260. The daily number of new addresses on the Solana blockchain has hit a record level as per recent statistics. Based on a seven-day moving average (MA), the daily count of new addresses on the Solana network is presently above 691,000. A rise in the adoption measure indicates real network activity, says Tristan Frizza, founder of Zeta Markets. Frizza stated: “It suggests that we’re not only witnessing speculative interest but…

Binance has completed its 17th Proof of Reserves audit and announced that the exchange’s assets are more than 100% secure. The new report shows that Binance uses zero-knowledge methods to prove that user balances exist in customer wallets. So what does the report say and what does it mean for the future of Binance and the cryptocurrency industry? Binance‘s 17th proof-of-reserve report shows significant increases in user holdings. BTC holdings increased by 1.08% to 6,099 BTC, ETH holdings increased by 11.64% to over 4.44 million, and USDT holdings increased by 8.36% to 21.1 billion. Moreover, users’ BNB asset deposits increased…

According to analyst James Stanley, the Bitcoin price has formed a bearish channel after the most recent price drop. This comes after the Bitcoin price came awfully close to crashing below the $60,000 level earlier this Wednesday. #Bitcoin bearish channel after last week’s indecisiondown as much as -17.66% from the high last week but still has tone of a bull flag given pace of prior breakout$BTCUSD https://t.co/uDih5XSyAo pic.twitter.com/WfEYSCafTe — James Stanley (@JStanleyFX) March 20, 2024 What’s a bear flag? The bearish flag is a popular trading pattern that typically signals the continuation of a downtrend. Failing to record any lasting…

The crypto world is abuzz over the upcoming W governance token airdrop from cross-chain protocol Wormhole, with the eligible wallets spanning Solana, Ethereum, and beyond. But not everyone is happy about the wallet selection process, or how many tokens are being allocated to certain users or communities. In any effort to clear up confusion around the airdrop, Wormhole published an extensive post Monday about the upcoming event, detailing the process behind it all. “Wormhole contributors set out to plan an egalitarian airdrop that would maximize the chance of rewarding the protocol’s legitimate users,” the post reads, noting that the team…

Recently, CCData released the latest edition (March 2024) of its Exchange Review research report. CCData is a trusted source for comprehensive data and analytics tailored to the ever-evolving cryptocurrency market. They go beyond simple data collection, meticulously organizing and analyzing vast datasets to unlock valuable insights for institutions and individuals navigating this space. CCData offers real-time market tracking, reliable pricing information, in-depth derivatives data, and carefully constructed indices for informed decision-making. Their FCA authorization highlights their commitment to accuracy and regulatory compliance. CCData’s Exchange Review research report delves into the intricate world of cryptocurrency exchanges, dissecting key metrics like trading…