Author: NBTC

Ethereum price has remained in a tight range this month as its ecosystem faces substantial challenges and increasing competition. Ethereum (ETH), the second-largest cryptocurrency, was trading at $3,310 on January 22, roughly 20% below its November highs. In comparison, Bitcoin (BTC), Solana (SOL), and Ripple (XRP) have recently retested their all-time highs. Ethereum has also continued to lose market share in key areas. For instance, Jito has overtaken Ethereum in fee revenue this year, generating $157 million compared to Ethereum’s $112 million. Ethereum’s decentralized exchange volume has also dropped significantly below that of Solana. Solana-based protocols like Raydium and Orca…

Nasdaq CEO Adena Friedman is optimistic that President Trump’s administration will offer a chance to relook regulations in the US to attract more companies to tap public markets. Speaking during the World Economic Forum in Davos, Switzerland, Friedman said that they are excited to engage with Trump’s administration to consider regulatory reforms. She added: There is an opportunity to work with the administration to rethink some of the levels of regulation and requirements for public companies themselves and make sure that it is more balanced between being a public company and a private company. Adena Friedman Trump’s administration could be…

Kusamahas taken flight, soaring over 112% on Saturday, leaving investors and enthusiasts buzzing over what’s fueling this meteoric rise for Polkadot’s experimental sibling. Kusama (KSM), often referred to as Polkadot’s (DOT) “canary network,” is living up to its moniker. The coin’s rally signals a new wave of activity in the blockchain ecosystem. Designed for developers and startups to test ideas in a live environment, Kusama’s rise suggests a surge in experimentation and innovation. Source: CoinGecko You might also like: Bitcoin ETFs hit $3.38b weekly inflows, VanEck analysts eye $180k What is Kusama? Kusama acts as a live testing ground where…

Nine years ago, a “death call” was made for Bitcoin when its price was only $400. This negative prognosis, which predicted that Bitcoin was on the verge of collapse, has been proven spectacularly wrong as Bitcoin continues to thrive and reach new highs. Nine years ago, on Jan. 19, 2016, the Washington Post published an article titled “R.I.P. Bitcoin. It’s time to move on,” declaring the end of Bitcoin when it was valued at nearly $400. Today, Bitcoin has defied this prediction, reaching an all-time high of $108,268 last December. #Bitcoin price: $400 💀 pic.twitter.com/rUuUZKYj6L — The Bitcoin Historian (@pete_rizzo_)…

Ethereum, the second-largest cryptocurrency, recently failed to breach $3,524, triggering a sharp price drop. Since then, recovery efforts have remained weak as volatility persists. However, the current conditions suggest Ethereum may be preparing for a comeback as the market stabilizes. Ethereum Has Room For Recovery Ethereum’s Network Value to Transaction (NVT) Ratio is experiencing a decline, recently hitting a monthly low. A low NVT indicates that transaction activity is balanced with network value, reflecting reduced volatility. This creates an environment conducive to price recovery, something Ethereum urgently needs to regain its footing. With the NVT ratio signaling healthy network activity,…

The growing popularity of stablecoins has seen the market cap hit a new high with USDT continuing to dominate the stablecoin market. New Market Cap High for Stablecoins The overall market capitalization of stablecoins across all networks hit $212.99 billion, setting a new record. This is according to data from Defillama, a decentralized finance total value locked (TVL) aggregator. The market cap of stablecoins grew by 3.02% over the past seven days to hit this historic milestone. Tether‘s USDT with a market cap of $138.83 billion continued its stablecoin market dominance with a 65.18% market share. Its closest competitor, Circle’s…

The Sui Foundation has announced a groundbreaking partnership with Franklin Templeton Digital Assets (FTDA), which is a global leader in asset management. The Sui Foundation is the organization that is boosting acceptance of Layer 1 blockchain and smart contract platform. 🚨 BREAKING🚨 We’re excited to partner with @FTDA_US!Franklin Templeton Digital Assets has previously invested in the Sui ecosystem, and this new partnership will provide further benefit by seeking value creation opportunities to allow Sui builders to deploy novel technology… — Sui (@SuiNetwork) November 22, 2024 The collaboration aims to foster the growth of the Sui ecosystem. The ecosystem is strengthened…

Lido founder Konstantin Lomashuk created a “Second Foundation” for Ethereum as the blockchain is going through leadership debacles. The only material from this account remains vague, but a closer look at Lomashuk’s social media provides insight. In all likelihood, this Second Foundation will help promote decentralized ideals against the “bag-chasing” culture of modern crypto. Lomashuk’s Goals For Second Foundation Konstantin Lomashuk, founder of Lido and P2P.org, announced today on social media that he had created a “Second Foundation” for Ethereum. This came after the Ethereum Foundation (EF) started undergoing a significant leadership transformation. Earlier today, veteran developer Eric Conner resigned…

Polymarket continued to rebuild its bets, reaching a total of $10B in cumulative prediction positions. The platform remains among the top 5 Polygon apps, driving USDC usage after expanding into small-scale bets with a larger number of active wallets. Polymarket reached a milestone of $10B in total prediction positions, after recovering from the November 7 lows. The app faces bans and restrictions on one side, and a growing user base with predictions on current events. This has allowed Polymarket to thrive and tap both whale bets and small-scale users. All the predictions were posted directly on Polygon as token trades,…

Guardarian, a trusted name in the crypto ecosystem, now supports direct $USD to $XEC on-ramps. This advancement in the field of crypto simplifies the process of acquiring eCash ($XEC). The development makes it easier to join the world’s largest and growing platform of digital assets. 🚀 @guardarian_com now supports direct USD to $XEC on-ramps!💳 5+ payment options:⦿ Google Pay/Apple Pay⦿ Mastercard/Visacard⦿ FasterPayments⦿ SWIFT⦿ SEPA🌍 Global coverage, including most U.S. states 🇺🇸👉 Try it now: https://t.co/Otuhhbkp1H pic.twitter.com/AAFitphYTY — eCash (@eCashOfficial) November 23, 2024 The update aims to attract users and a wide range of payment methods around the globe. The users,…