Lookonchain APP

App Store
Feeds Articles

Due to the announcement of a Bitcoin reserve plan, the Norwegian cryptocurrency exchange NBX saw its stock price surge by 138% in a single day.

2 days ago

On June 3rd, as per Cointelegraph, the Norwegian cryptocurrency exchange Norwegian Block Exchange (NBX) announced the initiation of a Bitcoin Reserve Plan. On June 2nd, its stock price surged by over 138% in a single day. NBX stated that it has purchased 6 bitcoins (approximately $633,700) and intends to expand its holdings to 10 bitcoins within this month. Additionally, the company is actively seeking funds to further augment its Bitcoin holdings. NBX plans to utilize these bitcoins as collateral to issue the stablecoin USDM on the Cardano blockchain and achieve yield growth through the Cardano ecosystem. The company also disclosed that its board of directors is exploring the introduction of Bitcoin-backed loan services in order to advance its goal of becoming a digital asset bank.
Add to Favorites Download image Share x Copy link
Relevant content

Abraxas Capital has withdrawn 13,771 ETH from Binance in the last 12 hours.

On June 5th, according to the monitoring of LookOnChain, in the past 12 hours, Abraxas Capital withdrew 13,771 ETH (amounting to 36.4 million USD) from Binance.

5 minutes ago

A whale sold 57,800 TRUMP tokens 4 hours ago and still holds 370,400 TRUMP tokens.

On June 5th, according to The Data Nerd's monitoring, last month, a whale with the address BwsWU amassed 443,700 TRUMP tokens (approximately $6.34 million), with an average price of around $14.34. Four hours ago, the whale sold 57,800 TRUMP tokens ($624,000), incurring a loss of approximately $205,000. Currently, the whale still holds 370,400 TRUMP tokens (approximately $4.01 million), with an unrealized loss of about $1.31 million.

5 minutes ago

Meme Coin Season Index currently stands at 23

On June 5th, as per Coinmarketcap data, the Altcoin Season Index currently stands at 23. This index implies that among the top 100 cryptocurrencies by market capitalization, approximately 23 projects have outperformed Bitcoin in terms of price appreciation over the past 90 days. Note: The CMC Cryptocurrency Altseason Index is a real-time metric intended to assess whether the cryptocurrency market is currently in an altcoin-dominated season. The index is based on the performance of the top 100 altcoins in relation to Bitcoin over the past 90 days.

5 minutes ago

Federal Reserve Beige Book: Gloomy Economic Outlook, Tariffs Mentioned 122 Times

On June 5th, the Federal Reserve Beige Book indicated that the U.S. economy had shown a slowdown over the past six weeks. Hiring activity had decelerated, and both consumers and businesses had expressed concerns regarding price increases associated with tariffs. Regarding inflation, the report noted that prices were witnessing a "moderate increase." However, there was a widespread anticipation among businesses that future costs and prices would rise at a more rapid pace. In the report issued on Thursday, the term "tariffs" appeared 122 times, which was an increase from 107 times in April. (FXStreet)

5 minutes ago

CLARITY Act Stalled as Trump's Entry into Crypto Space Prompts House Inquiry

On June 5th, as reported by The Block, while the U.S. House Financial Services Committee was deliberating on the "Crypto-Currency Act of 2020" (CLARITY), some Democratic lawmakers raised questions about President Trump's involvement in cryptocurrency. They suggested that this could lead to a conflict of interest and hamper legislative progress. The 236-page bill intends to clarify the regulatory responsibilities of the SEC and the CFTC in the crypto market and requires companies to disclose information and segregate customer funds. Although the bill has gained some Democratic support, Democratic lawmakers are demanding the addition of conflict of interest provisions and threatening to oppose it otherwise. The committee is anticipated to continue its deliberations next week.

5 minutes ago

YZi Labs announces investment in OneKey

On June 5th, YZi Labs made an investment in OneKey. OneKey is a hardware wallet that focuses on improving the security of crypto assets and enabling global users to take custody of their assets on their own.

5 minutes ago

Hot feeds

A trader profits $448K by monitoring #Binance's new listings!

2024.12.13 17:37:29

A smart #AI coin trader made $17.6M on $GOAT, $ai16z, $Fartcoin,$arc.

2025.01.05 16:05:18

A $PEPE whale that had been dormant for 600 days transferred all 2.1T $PEPE($52M) to a new address.

2024.12.14 10:35:27

A sniper earned 2,277 $ETH ($8.3M) trading $SHIRO within 18 hours!

2024.12.03 23:09:08

Last week, funds have flowed into #Bitcoin, #Ethereum, and #Hyperliquid.

2024.12.16 14:48:36

A whale exchanged WIF and Bonk positions for Fartcoin!

2024.12.25 11:01:14

 More

Hot Articles

Follow us

X

Follow

Telegram

Join