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A position trader has booked an estimated $13.2 million (345%) profit in seven months of buying and holding patiently. Render (RNDR)—this position trade’s cryptocurrency, became known as the “Nvidia of crypto”—creating a decentralized network of GPU rendering. Notably, SpotOnChain reported the seven-month position trade that started with a 1.69 million RNDR purchase on Coinbase. The withdrawals happened between November 2 and November 10, 2023. At that time, this position was valued at around $3.83 million, with Render priced at $2.265 on average. This trader became dormant for seven months after building the position, waiting patiently for the best time to sell. Interestingly, the whale missed Render’s price top in March but remained still even during a significant crash in April. Picks for you XRP to 'make ex...

Amid stark warnings of an ‘everything crash’ and recommendations for safe-haven assets, an influential investor and famous author of the best-selling personal finance book ‘Rich Dad Poor Dad,’ Robert Kiyosaki agrees with one extremely bullish Bitcoin (BTC) forecast. Specifically, he has recently shared the prognosis by Cathie Wood, the founder and CEO of ARK Invest, which manages several exchange-traded funds (ETFs), who previously said that Bitcoin could hit a staggering $2.3 million per wholecoin, with which Kiyosaki has agreed in an X post he shared on April 11. Kathie Wood quarantees Bitcoin will hit $2.3 million per BTC. Do I believe her? Yes I do. Kathie Wood is very smart. I trust her opinion. Could she be wrong? Yes. She could be. So what? The more important question is “ What do you believe?” What if Kathie is right? What if… — Robert Kiyosaki (@theRealKiyosaki) April 11, 2024 Learning from mistakes Furthermore, the finance educator praised Wood for her “coura...

Bitcoin Dogs presale exceeds $11.2M in 28 days, poised for Tier 1 exchange listings. The project merges crypto and canine culture, offering Dogeverse for engagement. Bitcoin Dogs’ success comes amid BTC’s price surge and Elon Musk’s Dogecoin endorsement. Bitcoin Dogs, a pioneering project at the intersection of cryptocurrency and canine culture, has seen its presale soar past $11.2 million in just 28 days. With its presale set to conclude imminently, the project is making waves in the crypto community, attracting both investors and enthusiasts alike. Bitcoin Dogs: where crypto meets canine craze Bitcoin Dogs isn’t just another cryptocurrency project; it’s a vibrant ecosystem where dog lovers and crypto fanatics converge to trade, collect, and engage in a myriad of dog-themed activities. Positioned as the ultimate mashup of crypto and man’s best friend, Bitcoin Dogs offers a playground where fun is mandatory, and rewards ...

TLDR: Crypto markets experienced drops as the week closes after historic regulatory developments. NuggetRush (NUGX) gathers more momentum, raising over $1.6 million in the ongoing presale, primarily because of what the project seeks to present to the broader crypto and blockchain communities. Investors scramble to digest the impact of the Bitcoin ETF approval and uncertainty about its impact on the general trajectory of the industry. The first two weeks of 2024 have brought significant market action, culminating in a drop in the past few days. Market participants are also looking into resilient projects, with emerging candidates like NuggetRush (NUGX) proving to be credible alternatives as its ongoing presale is a notable attraction for cryptocurrency ICO enthusiasts. Bitcoin and Ethereum prices momentarily reached highs not seen in over a year after news of the Bitcoin Exchange Traded Fund (ETF) approval broke. Notably, prices have since corre...

After a turbulent period in the last week, altcoins are on their way up in the previous 24 hours.  Most notably, there was a significant increase in the creation of Dogecoin (DOGE) wallets during the last month that held more than $1 million of the cryptocurrency, with 121 new wallets in total popping up. In fact, a massive amount of Dogecoins have moved out of stagnant wallets in the last 24 hours. This increase in wallets that hold more than $1 million in DOGE, combined with the spike in activity of dormant holders, is often a sign of a price direction change and ‘a sign of big money interest ,’ according to Santiment data on X on November 22.  An influx of wallets that hold $1 million or more in DOGE. Source: Finbold Additionally, Dogecoin has experienced a substantial uptick in its derivatives volume. The notable surge has significantly impacted the memecoin, with short positions reaching an impressive $718.23 million on November 17. These 24-hour-long positions for D...

Ripple is the biggest XRP owner, which includes the 46.43 billion XRP tokens locked in escrows that are not yet considered in the circulating supply. On November 1, Ripple unlocked 1 billion tokens ($610 million ) out of the 46 billion. Every month, 1 billion out of the remaining tokens are unlocked under Ripple’s control. However, the company usually only keeps a small share of the monthly unlocks – reserved for its treasury – which has been majorly sold in the market. Finbold has been monitoring the public ledger through XRP Scan and reporting Ripple unlocks. So far, we have identified a few patterns in the XRP supply inflation. This directly affects the digital asset’s long-term value, as seen in the lower price XRP would trade in case it hits an all-time high market cap. Notably, the controlling company kept 200 million XRP in November, which is the same amount kept in the last reported months. With an increased price per token, this month’s inflation is wort...

Movement Labs has raised $3.4 million to launch a software development kit (SDK) for advancing web3 interoperability via their Movement framework used for building and deploying blockchains. Movement Labs’ pre-seed fund Funds were raised to promote the adoption of Move, a smart contract development language that includes built-in safeguards to protect projects from vector attacks. Participants included Varys Capital, the Avalanche fund by Blizzard, dao5, Borderless Capital, Colony, Elixir Capital, BENQI, and other key contributors within the Wormhole developer ecosystem.  You might also like: Top financial institutions adopt Avalanche’s Evergreen Subnet Angel investors who took part include Chandler Song, Ryan Fang, and Stanley Wu from Ankr, George Lampeth from dao5, Calvin Liu from Eigenlayer, Smokey the Bera from Berachain, and Anurag Arjun from Avail. Commenting, William Patterson, head of venture at Varys Capital, said:  “By harnessing MoveVM and Avalan...

Derivatives exchange Bitget has announced the launch of its new $100 million fund, Bitget EmpowerX Fund. The fund will enhance Bitget’s ecosystem by investing in regional exchanges, data analytics firms, media organizations, and other opportunities. Bitget EmpowerX Fund will operate with a capital base of $100 million to support Bitget’s expansion and vision. The fund’s main goal will be to increase Bitget’s long-term impact in the digital asset space and its ecosystem . You might also like: Bitget introduces new KYC for its customers Bitget expansion in the crypto industry Bitget is a prominent player in the cryptocurrency industry, specializing in futures and copy trading services, established in 2018. It serves over 8 million users across over 100 nations and regions. The exchange has gained recognition as a top 6 futures trading platform and a 12th spot trading platform, per CoinMarketCap. Bitget has established a Builders’ Fund worth $5 million , demonstrati...

According to a report by the investment migration company Henley and Partners, there are 88,200 crypto millionaires worldwide, with almost half owning Bitcoin (BTC). The report reveals around 40,500 of the millionaires hold Bitcoin despite the recent price fluctuations.  Moreover, the report revealed that the number of global crypto users has reached over 425 million , with 210 million users also holding Bitcoin. Per Henley and Partners, there are only 182 “centi- millionaires ,” individuals with over $100 million worth of digital assets.  The number of crypto billionaires sits at 22, with only six holding BTC in their wallets.  The migration investment company ranks Singapore as the most crypto-friendly country for its tax-friendliness, public adoption, innovation and technology, and economic factors. Switzerland, the United Arab Emirates (UAE), and Hong Kong remain the next three crypto-hubs after Singapore. You might also like: Singapore introduces regulations f...

The world of NFTs has fallen prey to an unexpected wave of school-age cyber bandits, orchestrating intricate phishing scams that have netted them million s in stolen assets. The digital finance platform Orbiter Finance was victimized last month when a false journalist impersonating an employee of a cryptocurrency news outlet deceived a Discord moderator. This ruse allowed the false journalist to gain control of the Discord server, limiting administrators’ abilities and preventing community members from messaging. The infiltrator used this control to promote a fictitious airdrop event, directing users to a phishing site meant to steal their NFTs. As a result, NFTs and tokens valued at approximately one million dollars were taken. For a brief moment, our Twitter account was compromised. We have successfully regained access and removed the malicious posts. We are investigating how this happened. Stay safe and always verify links you see on Twitter! — Zerion (@zerion) Ju...

Aztec raises $100 million to build Encrypted Ethereum. Aztec Network is proud to announce $100 million in Series B financing led by a16z crypto, with participation from A Capital, King River, Variant, SV Angel, Hash Key, Fenbushi, and AVG. The Aztec goal is to take the original promise of Ethereum–a decentralized and verifiable world computer–and expand its capability immensely by making it fully encrypted. Why is encrypting Ethereum such a big deal? Transparency, after all, is why Ethereum is so powerful, auditable, and secure. It’s core to the transformational impact of Ethereum’s innovation: transparency begets verifiability. But in the current public blockchain paradigm, users and entities unknowingly broadcast data to the public, compromising privacy and security to get trustless. Not only are unencrypted blockchains inherently privacy-exposing, but they also require significant redundancy to compute and verify the legitimacy of transactions. Breaking the Unencrypted Blockchain Pa...

With the funds, Aztec Network plans to hire more engineers and build a new encrypted blockchain. The private layer-2 chain Aztec Network announced on Dec. 15 a $100 million Series B funding round led by venture capital firm a16z crypto. Other investors in the round include A Capital, King River, Variant, SV Angel, Hash Key, Fenbushu, and AVG.  By partnering with a16z, the company plans to hire new engineers and build a "next-generation encrypted architecture" that allows users to verify that Blockchain rules were followed without revealing any underlying information. Encrypted blockchains allow users to transact with privacy and anonymity. “What we’re building is a revolutionary piece of technology that transforms how we interact with each other online, in which the end user is the customer, rather than the product. End-to-end encrypted blockchains protect individuals, obviating the need for centralized financial systems.”, stated Aztec CEO Zac Williamson in an official an...

With the bearish sentiment still prevalent in the market, top coins continued shedding value even on Wednesday. The market was seen submerged in a sea of blood at press time. The aggregate valuation of all cryptos in the market dropped down to a level as low as $889.7 billion, after noting a significant 9.5% decline over the past day. Source: CMC How did Baby Doge Coin react? Meme coins were not spared. Shiba Inu and Dogecoin paved the path and shed roughly 11% and 17% on the daily. Others like Baby Doge Coin also followed suit and were trading in red. After registering a 9% dip in just the past 24-hours, the fourth largest meme coin was trading at $0.000000001239 at press time. Before bearishness crept into the market, Baby Doge was in quite a comfortable position. Since the latter half of October, the meme coin’s price kept inclining consistently. By November 6, Baby Doge was trading at high levels at par with where it was in August. Now that the said uptrend strea...