NFT News by Thebittimes.Com

Bitcoin’s weekend trading has dropped to a record low of 16% this year, down from 28% in 2019, due to the rise of Bitcoin ETFs. Approved by the SEC in early 2024, these ETFs have driven Bitcoin to a record high of $73,798 in March. Unlike traditional crypto exchanges, Bitcoin ETFs follow the stock market schedule, eliminating weekend trading and reducing price volatility, aligning Bitcoin’s trading patterns more with traditional equities. The collapse of crypto-friendly banks like Silicon Valley Bank in March 2023 lowered weekend trading volumes. Without 24/7 payment networks, market makers are less inclined to provide weekend liquidity. This shift reflects Bitcoin’s maturation as an asset, with volatility dropping to 40% after its March peak, compared to over 106% during previous highs. Biggest Crypto Gainers Today – Top List As Bitcoin’s market structure evolves into a more stable and predictable investment, other cryptocurrencies are making remarkabl...

EigenLayer’s token EIGEN will launch in May, with a total supply of 1.67 billion tokens. The Eigen Foundation has announced an airdrop for the community, set for May. The Eigen Foundation, the non-profit supporting the development of restaking protocol EigenLayer, has announced the launch and distribution of the native token EIGEN. Alongside the announcement for the token, the foundation and the Eigen Labs team unveiled the EigenLayer whitepaper. The project, which attracted investment from Binance Labs and a16z early this year, has seen tremendous growth in terms of staked Ether (ETH). EIGEN token launch and airdrop According to today’s announcement, the Eigen Foundation will launch the EIGEN token in May. An airdrop for the community of stakers on EigenLayer will also go live. The new token is set at a total supply of 1.67 billion, with 45% of the EIGEN tokens allocated to the community. Today the @eigenfoundation introduces EIGEN, bas...

Zeta Markets is among the top decentralized exchanges built on Solana. Zeta Markets plans to distribute 100 million Z tokens to Solana community members. Zeta Markets has also unveiled plans for the first Layer 2 scaling solution. Solana-based decentralized derivatives protocol, Zeta Markets, has launched its governance token, Z, and unveiled plans to introduce Solana’s first Layer 2 scaling solution. Zeta Markets is positioned as one of the top five decentralized derivatives platforms on Solana and its move aims to enhance community involvement and scalability within the Solana ecosystem. Zeta Markets to airdrop 100M Z tokens With a total supply of 1 billion tokens, Z’s allocation strategy underscores its commitment to decentralization and community-driven decision-making. Through an airdrop, 10% of the Z token supply will be distributed to active traders, stakers, and strategic Solana community members. Active traders, determined by Zeta...

As of Thursday, March 7, 2024, the cryptocurrency sector is still gaining momentum, and with a number of cent currencies set to reach the ‘priced in dollars’ zone in March, the market doesn’t seem to be slowing down.  Of course, this begs the question – is it too late to join in on the fun and enter the crypto market? Technical and on-chain analyst Ali Martinez doesn’t seem to think so, drawing attention to The Sandbox (SAND), a metaverse token he argues is the biggest altcoin in the industry right now. The Sandbox price chart According to Martinez, the crypto industry still has some untapped potential. In his post on X (formerly Twitter), the popular user points out that SAND has yet to rise above the 78.6 Fibonacci level, a spot where traders think prices might change direction. Picks for you Binance introduces CRYPTO perfume in bid to draw women into the industry 54 mins ago Machine algorithm predicts Solana price for March 31, 2024 56 mins ago ...

io.net, a Solana-based decentralized physical infrastructure network (DePIN) protocol, announced a new rewards program ahead of its token debut in April.  The program , named Ignition, is set to enter its initial phase on March 1 and will continue until April 28. How does the io.net reward system work? Through Ignition, users will earn points based on their contribution of graphics processing units (GPUs) to the network.  Picked for you Crypto expert reveals the right time to sell Bitcoin 25 mins ago How much is the CEO of ARK Invest worth: Cathie Wood's net worth revealed 2 hours ago 3 cryptocurrencies for a 10x market cap increase in 2024 15 hours ago Brace for strong Cardano (ADA) surge; Here’s why 16 hours ago Other factors, such as completed job hours, node bandwidth, GPU model, uptime, as well as GPU supplier activity since its inception in November 2023 will also influence the rewards algorithm. Ahmad Shadid, io.net CEO a...

The cryptocurrency market recently experienced a downturn, with significant declines in gaming token s as Bitcoin’s value approached $40,000. The cryptocurrency market declined on Monday, notably impacting gaming token s. As Bitcoin (BTC) approached the $40,000 mark, gaming token s experienced larger drops, according to CoinGecko. Immutable’s IMX token decreased by 8% to $1.80, as Beam (BEAM) and Gala Games (GALA) saw around a 7% decline. Axie Infinity’s AXS governance token fell over 6%, and its in-game SLP reward token dropped by 7%. The only token not experiencing a dip is Ronin (RON), which has increased by 34% in the past week, reaching a price of $2.32, and is now among the top 100 cryptocurrencies. It peaked at $2.52 on Sunday, marking its highest value since February 2022. You might also like: ProShares Bitcoin ETF trading declined over 70% since spot Bitcoin ETF launch These market movements within gaming token s reflect broader trends in...

Injective (INJ) had an impressive run in 2023 with over 3,300% gains from its lowest to its current price. Collecting the spoils afterward, the team will unlock nearly $150 million in tokens on January 20. This token unlock comes from Injective’s genesis distribution, which is partially locked in vesting contracts. Notably, 3.67 million INJ will be at the team’s and advisors’ disposal to sell at will from January 20. In particular, the team will unlock 3.33 million worth $125 million for itself. Meanwhile, advisors will receive slightly over $12 million worth of tokens to realize their profits over the years since launch. Finbold retrieved this data from TokenUnlocksApp on January 16. Injective (INJ) token unlock. Source: token.unlocks.app Injective (INJ) price analysis amid massive token unlock Notably, Injective trades at $40.81 by press time, in a consolidation range under its all-time high of $45.28. This is a 3,300% unrealized profit since its December 2022 lo...

In anticipation of the launch of Sleepless AI farming on the Launchpool platform from Binance, unknown people conducted a rug pull of the token of the same name. As PeckShield analysts reported, one of the addresses exchanged 1 billion fake AI for $91,000 in ETH. As a result, the token ’s price fell by 97.5%. A similar rug pull scheme was carried out with the fake FomoFi token . #PeckShieldAlert Sleepless AI $AI has dropped -97.5% The address 0xB359…6f3d has swapped 1,000,000,000,000 $AI for 37.7 $ETH (~$91K) *Note*: The #rugpull token shares the same name as the legitimate ones pic.twitter.com/C0M8vHxRbz — PeckShieldAlert (@PeckShieldAlert) December 28, 2023 The attacker’s address exchanged over 5.3 trillion FOMO for 189,600 BSC-USD, after which the coin price dropped to zero. Another incident devalued the NebulaNode token after exchanging numerous NNNN token s for 1033.8 BNB, the equivalent of $335,900. Farming of the original Sleepless AI project on ...

TerraClassicUSD is up 290% amid a positive ecosystem outlook. Memeinator is a new AI meme token currently priced at $0.014 and in presale. Could the MMTR beat USTC to $1? TerraClassicUSD (USTC) is a token on the rise. In the past week, USTC price surged 290%, with the upside coming amid multiple positive catalysts. Meanwhile, the meme coin Memeinator continues to grind through its presale – currently in stage 7 with over $1.6 million raised. USTC is priced at $0.05 today. Will it reach $1 in 2024? Or will the Memeinator’s MMTR that’s expected to hit a final presale price of $0.049 beat it to the coveted level? What is TerraClassicUSD and why is its price rising? TerraClassicUSD (USTC) is one of the tokens to see significant price uptick this past week. The token’s impressive 290% spike saw its value reach $0.07. The upward momentum pushed its price to highest level since June 2022. Developments in the Terra ecosystem and recent new...

When it comes to the introduction of the new project by the Reserve Bank of Zimbabwe in April, one can’t help but notice the innovative approach they’ve taken. They’ve linked each digital token they issue to a tangible reserve of gold securely held within the bank’s vaults. Fast forward to October 5th, and the official launch of the gold- backed digital token named Zimbabwe Gold (ZiG) as a payment method was announced by none other than the Reserve Bank of Zimbabwe (RBZ) itself. What’s truly remarkable about this initiative is that it’s been in the works since April 2023, and it has consistently emphasized the backing of every digital token with a physical store of gold. This concept was initiated by the RBZ in 2022 when they started issuing token s backed by actual gold, and their success in this venture is truly commendable. The underlying mission of both the physical coins and the newly unveiled ZiG is to encourage local investors to dive...

Join Our Telegram channel to stay up to date on breaking news coverage In an extremely positive turnaround for Solana token holders, according to Solana Compass, Alameda no longer controls the hundreds of millions of dollars of SOL token s . Instead, Alameda Research liquidators now do. The platform tracks SOL’s trading activities using on-chain metrics. Alameda Research previously held 48,636,772 SOL token s, according to the Solana tracking platform. The controlled token s are now worth more than $643,000,000. The recent market conditions have resulted in a 95% drop in the price of SOL from its all-time high of $259. Meanwhile, members of the Twitter community speculate that Alameda Research controls 13% of the total Solana supply. Solana Compass has refuted the notion that Alameda’s large holdings of SOL could lead to massive selling pressure. According to Solana Compass, the locked token is subject to chapter 11 bankruptcy and may not be unlocked until the liq...

Fear, uncertainty and doubt have been spreading like wildfire of late. Binance deciding to liquidate its FTX Token HODLings triggered FTT to drop by around 20% today. Parallelly, owing to another development that shaped up today, there are odds of another 3.36 million FTT tokens being let out in the market by the BitDAO community from their treasury. If that ends up happening, it could trigger another leg down for the token. Read More: Will 3.36 million FTX Tokens be let out in the market in 24-hours? In the wake of the said series of events, withdrawals from FTX started rising. As reported a day back, firms from the space already started withdrawing Ethereum and other assets from the platform. Latest data from Nansen revealed that the total deposits of Ethereum and ERC-20 tokens over the past day to FTX stood at $540 million. Withdrawals, on the other hand, stood at a much elevated $1.2 billion. 24H total deposits to FTX : $540M Total withdrawals: $1.2B Netflow: -$6...