NFT Finance (NFTFN), a pioneer in the web3 fintech space, recently concluded the first stage of its token’s presale. Crypto investors rapidly bought up 10 million NFTFN tokens in record time, raising $250k for the project. As we head into the second quarter of 2024, the second stage of NFTFN’s
Bitcoin Market—Asian investors are experiencing wild swings as automated trading systems react swiftly to data from US exchange-traded funds (ETFs) holding the cryptocurrency. This phenomenon was evident on Tuesday when Bitcoin faced its sharp decline in a month during Asian trading hours, driven by outflows from these ETFs. According to
Singapore, Singapore, April 3rd, 2024, Chainwire Bitlayer Labs, the first Bitcoin Layer 2 solution based on BitVM, announced a seed round of $5M led by Framework Ventures and ABCDE Capital, participation by StarkWare, OKX Ventures, Alliance DAO, UTXO Management, Asymmetric Capital and many more. The announcement comes as Bitlayer prepares
On April 2, the U.S government sent 30,175 BTC—almost $2 billion in value—to a wallet connected to Coinbase. At the time of the transfer, the price of Bitcoin dropped significantly, reaching a weekly low of $64,500. But shortly after that, the price of the cryptocurrency sustained over $65,000. One of
Cardano (ADA) currently trades at a staggering 81.04% below its 2021 high of $3.10. Despite this significant gap, market participants remain optimistic about ADA’s potential to surge once the altcoin season gains momentum, which is expected to occur following the Bitcoin halving this month. To gauge the possible extent of
As the cryptocurrency market grapples with a bearish sentiment in the lead-up to the highly anticipated Bitcoin halving, Ethereum (ETH), the second-largest cryptocurrency by market capitalization, finds itself in the spotlight. Renowned crypto analyst Ali Martinez conducted a recent price analysis that suggests ETH may face significant downward pressure in
Bitcoin (BTC) experienced a significant downturn today, plunging to a 10-day low of $66,045, marking an 8% decrease in value. This decline triggered a broader correction across the cryptocurrency market, with the top ten altcoins also witnessing corrections ranging from 6% to 12%. Also, the global crypto market has seen
Litecoin (LTC), the third-largest digital asset secured by the legacy proof-of-work (PoW) consensus mechanism, has finally broken free from a six-year-long macro-consolidation, signaling the onset of a fresh bull cycle. With a fully diluted valuation of approximately $9 billion and more than 8.8 million non-zero addresses, the mid-cap altcoin closed
In a remarkable feat since their launch in January, nine out of the 10 new spot Bitcoin exchange-traded funds (ETFs) have collectively amassed over 500,000 BTC, now constituting 2.54% of the current circulating supply. This milestone, achieved within a mere 54 trading days, underscores the growing significance of ETFs in
Since the introduction of spot exchange-traded funds (ETFs) in the U.S, approximately $10 billion worth of Bitcoin has deserted cryptocurrency exchanges. Glassnode, an on-chain monitoring company, reports that exchanges have witnessed outflows of more than 136,000 BTC since January 11th. Due to large withdrawals from exchanges this quarter, the supply
