Making sense of crypto.
NBTCNEWS
Home»Author: NBTC(Page 8337)

Author: NBTC

NBTC is the editorial account for NBTC News, covering Bitcoin, Ethereum, DeFi, blockchain infrastructure, exchanges, mining, regulation and digital asset markets. The editorial team focuses on clear sourcing, timely updates and practical context for crypto readers.

Bitcoin Price Plunges to $60,000 as Crypto Liquidations Top $300 Million

The price of Bitcoin plunged to nearly $60,000 per coin on Tuesday afternoon, prompting liquidations for the positions of those betting on the price of the asset to go up. CoinGlass data shows that in the past 24 hours, over $261 million in long positions for all cryptocurrencies have been liquidated. Including short positions, total liquidations stand at over $324 million. In the past four hours alone, the figure stands at nearly $70 million—$24.4 million of which were positions in Bitcoin. Currently, the price of Bitcoin sits at $60,309 per data from CoinGecko, though crypto exchange Coinbase shows that it…

Bitcoin

Top Solana Decentralized Exchanges (DEXs) to Watch in 2024

The Solana blockchain is home to hundreds of decentralized applications (dApp) that leverage the blockchain’s high throughput, scalability, and composability. There’s a reason it’s one of the largest DeFi ecosystems, with billions in total value locked. Decentralized exchanges (DEXs) underpin this bustling community and account for the lion’s share of the TVL on Solana. They provide users with the necessary tools to trade on-chain, swap between different tokens, offer liquidity, and much more. In the following, we attempt to provide comprehensive information on the best Solana DEXs, including important information about their protocols, but also: Key features Trading fees: critical…

DeFi

Ethereum (ETH) Smashes Major Milestone of 1 Million Validators

The Ethereum network has reached a significant milestone, hitting 1 million validators. Terence Tsao, an Ethereum developer who goes by the name "Terence.eth" on X, took to social media to celebrate the milestone. "We reached 1 million validators," Terence wrote on X, attaching a screenshot. According to the screenshot, Ethereum active validators have reached 1,000,012, while pending validators total 14,379. We reached 1m validators pic.twitter.com/DFtva43B2X — terence.eth (@terencechain) April 29, 2024 This milestone is accompanied by an impressive figure of approximately 32 million Ethereum staked (32,000,026 ETH). This figure represents around 26% of Ethereum's total supply, demonstrating a substantial degree…

Ethereum

Agora Raises $5M for solve ‘chaotic’ protocol governance

Agora, a cross-chain platform offering a new standard of governance tools for decentralized protocols, has raised $5 million in a seed funding round led by Haun Ventures. The round also saw participation from Coinbase Ventures, Seed Club Ventures, and Consensys Ventures, among others. Agora aims to help protocols organize their voting systems and tackle the often chaotic nature of token-holding voter governance. Co-founder Yitong Zhang, a former designer at Coinbase said in an interview that current systems for governance voting were “chaotic.” With Agora, however, Zhang believes that users can “have all the benefits of having your equity directly on…

Markets

Cat-themed tokens continue to surge as MEW leads the meme coin charts

As Solana meme coins continue dominating the bull market, traders are shifting to a new niche of cat-themed tokens. The meme coin market cap has increased by 9% today, reaching nearly $70 billion. Within this sector, the market cap of Solana meme coins has increased by over 20% today, exceeding $8 billion. However, the top gainers in the meme coin market today are not the most popular tokens like DOGE, SHIB, BONK, or even WIF, which reached a new all-time high. Instead, it’s a new category of cat-themed tokens. You might also like: Bitcoin futures open interest hits record $36b…

Altcoins

Ethereum Price Eyes $3.5k as Market Supply Dips $17M in 3 Days

Ethereum (ETH) price surged as high as $3,350 on April 28, marking a 17% bounce in the last 10-day, as on-chain indicators reveal the key catalyst behind the recent uptick. Ethereum Holders Cut Market Supply by $17 million in 3-Days When Ethereum price tumbled to a 2024 low of $2,868 on April 19, it sparked fears of an incoming post-Bitcoin Halving crash driving ETH to new lows. However, rather than entering a large scale sell-off, ETH whale holders and Liquidity Staking Derivatives (LSD) users turned to the yield staking contracts to tide over the market downturn with passive income. As…

Ethereum

FED Officials Are Meeting to Discuss Interest Rates! Here are the dates when giant banks expect interest rate cuts

FED officials are meeting today to discuss interest rates and determine policy. They are expected to keep interest rates constant at the sixth meeting. When will FED cut interest rates? But analysts hope the coming months will provide much needed clarity on what to expect from the central bank. This clarity will be key for market watchers, who clearly have different views on interest rates. The predictions of Wall Street's leading banks for the first interest rate cut are different from each other: While JPMorgan and Goldman Sachs expect the first interest rate cut to be made in July, Wells…

Markets

Ethena Details ENA Airdrop for Shard Holders, Announces Bitcoin Sats Campaign

Ethena, the protocol for the synthetic crypto native dollar, has announced an airdrop of its governance token, ENA, for participants in its shard campaign. The platform has stated that after a 6-week shard operation, 750 million ENA (which is 5% of the total supply) will be airdropped, with the number of shards held by each user serving as the basis for the distribution. Ethena Announces 750 Million ENA Airdrop Ethena is joining the ranks of decentralized finance protocols that organize airdrops for their users. The protocol, which seeks to build a decentralized finance bond system outside the banking system and…

Altcoins

On-Chain Analyst Willy Woo Says Bitcoin Entering into ‘Crunch Time’ As Bearish Regime for BTC Subsides

On-chain analyst Willy Woo believes that a critical time is arriving for Bitcoin (BTC) as he says bearish momentum subsides. Woo tells his 1.1 million followers on the social media platform X that key indicators suggest Bitcoin could soon see a bullish reversal. “Summary: it’s crunch time. BTC needs to make a decision. Technical indicators point bearish. The majority of my fundamentals signals point bullish. Macro liquidity will probably decide this.” The analyst says that Bitcoin’s cumulative volume delta (CVD), an indicator that aims to spot divergences by comparing buying and selling volume over a given time period, is starting…

Bitcoin

Azuki NFT sales soar to over US$1.1 million in a day

Ethereum-based Azuki topped Tuesday’s non-fungible token (NFT) sales chart with US$1.13 million. Azuki’s daily sales surge pushes its all-time sales volume to approximately US$1.12 billion, making it the eighth-largest collection in the market. Azuki was the only collection with at least US$1 million in sales on Tuesday, as the overall sales profit fell by almost US$2 million, the highest since April 12, according to CryptoSlam data. The second-highest performing collection of the day was DMarket, which represents in-game items on the Mythos network, with sales reaching nearly US$887,880. Avalanche-based Dokyo claimed the third spot in daily sales, generating US$716,860 from…

NFT