Author: NBTC
Bitcoin (BTC) price surged to an unprecedented, new all-time high (ATH) of $109,350 early Monday, January 20, 2025, as cryptocurrency markets rallied hours before Donald Trump’s scheduled inauguration as the 47th President of the United States. In the background, there was a sharp rise in the new TRUMP crypto token, which surged over the past weekend, along with the broader digital asset market. Let’s explore why Bitcoin’s price is going up. The world’s largest cryptocurrency jumped more than 6% in early Asian trading on Monday, surpassing its previous record of $108,000 set in December 2024. The digital asset has maintained…
The Ethereum Foundation has been catching flak for just selling ETH to pay the bills instead of exploring staking or DeFi. Now, according to Vitalik Buterin, the foundation is indeed looking into these options, including the possibility of staking approximately $1 billion in ETH holdings. Backlash against Ethereum Foundation has intensified over the past few days due to its lack of engagement in the Ethereum ecosystem and ETH sales. Lookonchain reported that the Ethereum Foundation offloaded another 100 ETH on Monday for about $336,000. The ETH sales, since January 2, 2024, have amounted to $13 million, or 4,666 ETH. DCinvestor,…
Donald Trump’s highly anticipated inauguration ceremony officially took place, and he is now the 47th US president. Despite the numerous reports ahead of time about potentially including crypto in his speech, Trump failed to mention it even once, which triggered a massive crash for the entire market. Just as the inauguration began, BTC’s price tumbled by over five grand, going from more than $107,000 to under $102,000 in minutes. However, it managed to recover some ground and spiked to $105,000 during the speech. However, once that concluded and it became evident that Trump will not mention the digital asset industry…
Floki delayed Valhalla’s launch to Q1 2025 for improved security measures. Hacken and OpenZeppelin suggested changes to enhance user and asset safety. Valhalla’s P2E economy is backed by a $60M treasury to ensure a thriving ecosystem. Floki, the team behind the popular cryptocurrency and metaverse project, has announced a delay in the mainnet launch of its flagship play-to-earn (P2E) game, Valhalla. Initially scheduled for release in November 2024, the highly anticipated metaverse MMORPG will now debut in the first quarter of 2025. Security issues raised after Valhalla’s smart contract review The postponement comes in response to recommendations from Hacken and…
A Lancashire man, James Parker, has been arrested in connection to a Bitcoin fraud ring that stole £28 million from an Australian cryptocurrency website. According to authorities, the scheme started in 2017 after Parker discovered a loophole that allowed him to steal money from the cryptocurrency trading website. He allegedly used the stolen funds to support his lavish lifestyle. Parker, alongside other co-conspirators, used the loophole to siphon money from the website, stealing funds worth £20 million in credits over the next three months. Authorities claimed that the funds from the illicit act were laundered by Parker’s corrupt financial advisor…
In January 2025, the cryptocurrency market proved it can still move just as fast as it did in the final quarter of 2024 and as in the most dynamic periods in its history. Bitcoin (BTC) underwent a remarkable journey since the year started as it hit lows just under $90,000 as recently as January 13 only to recover toward new all-time highs (ATH) above $108,000 on January 20. By press time, BTC is 14.40% in the green year-to-date (YTD) and is changing hands at $107,378. Considering the pace and the volatility, many traders are looking to determine Bitcoin’s next move…
Seamless Protocol launched its USDC Vault on Base, Coinbase’s Ethereum Layer 2 blockchain, utilizing Morpho’s infrastructure and Gauntlet’s risk management capabilities. The vault introduces isolated market architecture to DeFi lending, allowing for unique risk profiles and avoiding systemic risks associated with traditional pooled liquidity models. This structure enables Seamless to onboard new assets and strategies while customizing risk parameters. “Working alongside Morpho and Gauntlet underscores our commitment to leveraging innovative technology for tailored lending and borrowing solutions that prioritize user experience,” said Richy Qiao, a core contributor to Seamless. The protocol plans to offer SEAM token rewards to participants, funded…
Ethereum (ETH) price is showing a period of uncertainty as key indicators point to a lack of strong directional momentum. The DMI shows a weak trend, with the ADX below 20 for several days, highlighting market indecision. Additionally, the number of ETH whale addresses has declined since hitting an 11-month high, signaling potential shifts in market sentiment. As ETH’s EMA lines remain undefined, the coin’s next move will likely depend on its ability to break key resistance levels or hold critical support zones. ETH DMI Indicates Weak Momentum The Ethereum DMI (Directional Movement Index) chart reveals that the ADX is…
OKX Ventures has officially announced its exciting investment in DuckChain. This partnership aims to reshape access to the blockchain, enhancing scalability for users worldwide. DuckChain creates a bridge between Web2 and Web3, striving to transform the Web3 ecosystem. The project has a clear vision of mass adoption, leveraging an advanced AI integration. Furthermore, Telegram is a platform that boasts over 1 billion users, aiming to provide a seamless environment. Exciting news! OKX Ventures is investing in @Duck_Chain – the largest EVM blockchain on Telegram with 1B users. 🌐 With AI integration, cross-chain interoperability, and a focus on mass adoption, DuckChain…
Chainlink’s infrastructure underpinned Q3 2024 tokenized asset growth, boosting stablecoin market cap by $5.3 billion (3.2%) and year-to-date by $37.5 billion (28.1%). Tokenized U.S. Treasury bonds surged 26.2% quarterly and 185.3% year-to-date, with major firms like 21Shares and Superstate adopting Chainlink’s services. The landscape of digital asset markets witnessed remarkable growth during Q3 2024, with Chainlink’s infrastructure emerging as a cornerstone for major financial institutions venturing into tokenized assets, according to Chainlinks’s Q3 2024 Report. Market indicators paint an encouraging picture: stablecoin market capitalization expanded by $5.3 billion, marking a 3.2% increase during Q3 2024 while showing an impressive year-to-date growth of…