Analysis Crypto by Thebittimes.Com

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Author: BlockBeats Translation: WuBlockchain These views are personal opinions expressed by the individual and cannot be verified. “Now, let me ask: as the wealthiest, most cash-rich Gen Zer on Zhihu, which is verifiable, does anyone disagree?” This provocative introduction comes from Vida, who claims to be the richest Gen Zer on Zhihu, with at least $7 million in available cash (approximately ¥51 million). His rapid trading and high profits have led to five investigations by Binance’s risk control department. Reading this, many may think it’s another boastful post meant to attract attention. But what if it’s all true? On November 11, Binance launched two low-market-cap tokens, ACT and PNUT. According to Lookonchain, a blockchain data monitoring platform, just two seconds after Binance announced the ACT listing, an address swiftly bought 10.9 million ACT tokens for $320,000. As ACT’s price quickly surged, this investment yielded a profit of $3.4 million (about ¥24 million). The purchas...

Shiba Inu currently sits at a market capitalization of $10 billion, raising questions about its future growth potential. Investors are curious whether it can return to previous highs of $20 billion or even $40 billion in the upcoming bull run. Despite the excitement surrounding other meme coins, Shiba Inu has experienced a lull, lacking the same level of action and volatility. This may be attributed to its higher market cap and liquidity, which can dampen dramatic price swings. $SHIB Meme Coin Price Prediction As of today, October 13th, Shiba Inu is priced at $0.00001775, with a 24-hour trading volume of $233.69 million and a market cap of $10.46 billion. The $SHIB price has dropped by 1.81% over the past day. Since reaching its euphoric peak during the last bull run in February, Shiba Inu has corrected by 79%, although it has recently shown signs of forming a higher low. For many, the anticipation is palpable, with hopes of breaking through significant resistance levels around $0....

Orbs, a pioneer in Layer-3 liquidity protocols, has introduced Perpetual Hub, a new solution for on-chain perpetual futures trading , as per the latest info shared with Finbold on May 30.  Unlike previous solutions that relied on order books and virtual liquidity mechanisms, Perpetual Hub aims to maximize capital efficiency and trading value through an intent-based model. Centralized finance execution in DeFi Developed in collaboration with SYMMIO and IntentX, Perpetual Hub leverages Orbs’ advanced L3 technology to bring centralized finance-level (CeFi) execution to the decentralized finance (DeFi) space, providing a comprehensive suite of tools to help traders optimize their on-chain perpetual futures trading. Picks for you How rich is the first female Senator from Minnesota: Amy Klobuchar's net worth revealed ...

The meme coin boom in 2024 has attracted greedy speculators looking for quick gains in a player-vs-player trading landscape. Despite some successful stories that made it to the spotlight, most traders have accrued losses—as with a PEPE whale who lost over $300,000 in the last two days. In particular, data by SpotOnChain estimates this cryptocurrency whale has lost $188,000 in a 15-day $15.10 million trade. As suggested by on-chain activity, the whale started trading PEPE on May 4 with a $2.68 million purchase. On May 5, the trader bought another stack of PEPE worth $7.754 million. Later, the multisig wallet likely sold it all on May 7 for $10.557 million and a $123,000 profit. Picks for you DOGE or SHIB? We asked ChatGPT-4o which asset is a better buy for summer 2024 51 mins ago Sell-off alert: Over $1 billion in token unlocks this week 2 hours ago Here's when Bitcoin (BTC) will hit $100k 2 hours ago Cardano whale activity up 10x; Will ADA break t...

Terra Luna Classic ecosystem has unveiled a comprehensive security upgrade and seen a notable increase in trading activities.  The strategic enhancement is designed to fortify the chain against security vulnerabilities and bolster its resilience. The Terra Luna Classic community has welcomed this initiative, which is evident in the positive market response. Data from CoinMarketCap indicates a notable uptick in the trading activity of LUNC, Terra Classic’s native token. LUNC’s 24-hour trading volumes surged by approximately 6%. Concurrently, the market capitalization of Terra Classic experienced a substantial boost, escalating by over $60 million in the preceding week. The token’s value has also seen a 10% increase within the same period. Hearing from the #LUNC community needs, the JL1TF has carefully crafted a Core security upgrade package to address the security risks, lack of new features originated from legacy components of Terra Classic. Successfully updating these c...

High-net-worth individuals of Santander Private Banking International will have access to trade BTC and ETH, according to a report claiming access to a leaked internal communication. The international arm of Spanish lender Banco Santander has reportedly rolled out a new service, allowing clients with Swiss accounts to invest in and trade Bitcoin (BTC) and Ether (ETH). According to a report from Coindesk claiming access to a leaked internal communication, high-net-worth individuals of Santander Private Banking International will have access to trade BTC and ETH. Cointelegraph could not independently verify the development as Santander did not immediately respond to requests for comments at the time of writing. While Santander’s rollout of the new crypto trading services will reportedly start with BTC and ETH only, the banking giant will introduce other cryptocurrencies following the clearance of its screening criteria. According to the report, Santander launched BTC and ETH trading ...

Bitcoin breeds a wave of cautious optimism among traders following the breach above $28,000, as supply on exchanges hit a six-year low amid high whale activity. Santiment highlighted this trend in its latest monthly report, pointing out several metrics compounding the renewed optimism . The report confirmed that as Bitcoin (BTC) surged past $28,000, traders held their breath, waiting to see if the momentum would persist.  October started with a bang, and then calmed down in a hurry. But there is reason to be optimistic with whale accumulation and the supply on exchanges at about a 6-year low. Check out our latest monthly report, and read what to be on the lookout for. https://t.co/54wxJqU4q6 pic.twitter.com/2VJO5ofY9u — Santiment (@santimentfeed) October 3, 2023 Bitcoin has experienced numerous similar “breakouts” over the past years, often followed by mild corrections. However, this time, the optimism was palpable amid BTC’s 6.6% one-month increase. ...

With a global expansion in its sights, a crypto exchange is boasting compelling features for newcomers and professionals alike. CoinW, a crypto exchange with more than 9 million users worldwide sets its sights on global expansion — all part of a quest to encourage the mass adoption of digital assets. When it comes to crypto, newcomers and seasoned traders alike have a checklist. One thing that unites novices and pros is low fees. Unreasonably high transaction costs can substantially dent profitability, especially when smaller trades are being made. Following the high-profile collapses of FTX and Celsius, users are looking for proof-of-reserves to give them confidence that their funds are safe. Those who are experiencing the space for the first time want an extensive cryptocurrency portfolio where they can buy and sell digital assets without limitations. In previous bull markets, the likes of Dogecoin (DOGE) and Shiba Inu (SHIB) have played an instrumental role in enticing people to ge...

BTC price has struggled for nearly a month, but Bitcoin miners revenue is up, calling into question the logic of short sellers betting against mining stocks. Driven by heightened demand for Bitcoin (BTC) block space, fueled by Ordinals inscriptions and the PEPE-fueled BRC-20 memecoin mania, miners have become direct beneficiaries of a sudden boom in transaction fees, increasing their bottom lines. This surge has resulted in an unprecedented increase in the average number of transactions, and consequently revenue per BTC block mined. Data from a recent Glassnode report sheds light on the revenue increase for miners in May, as they raked in a total of 12.9 BTC in mining rewards per block, with fee revenue surpassing subsidies for only the fifth time in Bitcoin’s history. Bitcoin average fee paid per block. Source: Glassnode Coin Metrics data underscores this phenomenon further, revealing that on May 8, miners generated a staggering $41.16 million in daily revenue, a level unseen since l...