Author: NBTC

In a surprising move that has captured the attention of the cryptocurrency community, an Ethereum (ETH) whale has orchestrated a series of transactions involving major exchanges, moving a staggering $46.02 million in ETH over the past two days. The entity, utilizing a network of eight wallets, withdrew funds from Binance and Bitfinex before staking with Lido, a liquid staking solution. Blockchain analytics platform Spot On Chain first brought attention to the substantial transactions through a tweet, revealing intricate details of the massive ETH movement. The whale withdrew the Ethereum holdings from crypto exchanges Binance and Bitfinex at an average price…

The financial firm YieldMax has reportedly submitted an application to the Securities and Exchange Commission (SEC) to launch a Bitcoin options income strategy ETF (YBIT) on the New York Stock Exchange. As per the Chinese reporter Colin Wu, YieldMax’s recent move involves a “synthetic covered call strategy ETF based on other spot Bitcoin ETFs.” YieldMax has submitted an application to the U.S. SEC and plans to launch a Bitcoin options income strategy ETF (YBIT) listed on the New York Stock Exchange. This ETF is a synthetic covered call strategy ETF based on other spot Bitcoin ETFs.https://t.co/jIhqwNg0zc — Wu Blockchain (@WuBlockchain)…

Shiba Inu has continued to succumb to the resistance around $0.00001 despite on-chain data showing remarkable growth in weekly active and newly registered addresses. As the broader crypto market enjoys a relief rally on the back of Bitcoin’s (BTC) rally above $50,000, investors have shown significant interest in Shiba Inu. Shiba Inu Active Addresses Surge This growing interest in Shiba Inu is reflected in a spike in the number of new and active addresses over the past week. On-chain data from IntoTheBlock (ITB) suggests that the number of new registered Shiba Inu wallets has increased by 4.76% since last week.…

On February 13, BlackRock’s Bitcoin ETF reached over 100,000 BTC under management. In fact, this milestone made it the first US spot Bitcoin ETF to surpass $1 billion in inflows, with $493.1 million coming in on that day alone. This achievement underscores the growing traction of Bitcoin as a legitimate asset class in the eyes of institutional investors. BlackRock’s Bitcoin ETF Makes New Records Data from K33 Research unveiled that BlackRock’s Bitcoin ETF – iShares Bitcoin Trust (IBIT) – has surged past 100,000 Bitcoin under management. IBIT has notably become the first US spot Bitcoin ETF to surpass the $1…

YouTube channel Discover Crypto’s host has spotted signals that could lead to a 10-time rally on Ethereum in the next year. In a recently uploaded video, the host used Ethereum’s historical behavior to interpret the current trend, highlighting that a significant bull run could be close. According to the Discover Crypto host, Ethereum broke out of long-term horizontal resistance to kickstart the previous bull cycle. Using the ETH/USD daily chart on TradingView, the host showed that the horizontal resistance channel lasted approximately 1,029 days. He noted that the flagship altcoin surged rapidly shortly after the breakout. The channel host showed…

A Chinese infrastructure company has successfully raised $350 million in digital yuan for its new technology innovation bond. According to Shanghai Securities News, the Shandong Hi-Speed Group issued the “Shandong Hi-Speed Group Co., Ltd. 2024 Public Offering to Institutional Investors of Science and Technology Innovation Renewable Corporate Bonds (First Phase)” and listed the bond on the Shanghai Stock Exchange. First Tech Innovation Bond Raised in Digital Yuan With the $350 million (¥2.5 billion) funds raised in China’s central bank digital currency (CBDC), the bond sets a precedent for future financial products and a new record for its low coupon rate…

Popular wallet provider Frontier announced it has now integrated support for the Shibarium network, unlocking the L2 for its wide user base of over 1 million customers. The Shibarium network has continued on its upward trajectory, with more wallets and exchanges adding support for the layer-2 blockchain. Non-custodial wallet provider Frontier is the latest to join the list, announcing this week that users can now interact with the Shibarium network using its browser extension and mobile application. The latest development unlocks Shibarium to a wide audience. Frontier wallet claims to have over one million users and offers unique features that…

Ethereum has experienced a significant downturn in recent weeks, correlating with Bitcoin’s inability to sustain its bullish run above the $40K range. This scenario has led to a decrease in Ethereum’s market dominance, as it struggles to attract buyers near its resistance levels. Nonetheless, current market conditions indicate a shift. With funding rates stabilizing from previously overheated levels and investors showing a growing interest in accumulating Ethereum during this price dip, as suggested by on-chain data, there could be a resurgence in buying interest for Ethereum. Ethereum Is In Key Demand Zone In the past day, Ethereum (ETH) experienced a…

The last couple of years have seen a number of radical developments take place within the realm of digital finance and investment, with one of the most prominent ones being the concept of ‘tokenization.’ In essence, tokenization entails the conversion of any asset class — be it virtual or physical — into digital tokens, which can then be stored and traded on the blockchain. To highlight the growth witnessed by this sector in recent months, as of Q3 2023, the total value of tokenized assets across all sectors stood at $2.75 billion, with several conservative studies estimating this figure to…

In a surprising turn of events, the price of Dogwifhat (WIF), a prominent meme coin on the Solana blockchain, has experienced an unprecedented surge, catapulting by over 40% in the past 24 hours alone. This surge has not only positioned WIF as one of the most dynamic assets among established cryptocurrencies but has also sparked widespread intrigue within the crypto community. The remarkable ascent of WIF coincides with the broader uptrend in the cryptocurrency market, marked by Bitcoin breaching the $50,000 threshold and the onset of what many deem as the altcoin season. However, what sets the surge of Dogwifhat…