Author: NBTC
Binance reduced its Solana holdings from 27M to below 16M in five months. After months of selling data now suggests Binance is buying Solana again. Traders now wait to see if accumulation leads to a price recovery soon. From the beginning of August 2024, the decline of Binance varies from an almost 27M volume holdings to less than 16M by the start of 2025. It is clear from the chart that the continuous sell of pressure over several months, with a marked decrease in November and December, resulted in the stock having undergone the most prolonged selling off in past…
Public Keys is a new weekly roundup from Decrypt that tracks the key publicly traded crypto companies. That term can be quite broad. It includes crypto exchange Coinbase, Michael Saylor’s Bitcoin-amassing Strategy, Jack Dorsey’s crypto payments processor Block, Inc., and the many publicly traded crypto mining companies. This week’s edition focuses on Bitcoin miner Marathon’s big win in Q4 and why it doesn’t seem to be convincing analysts to upgrade their ratings. Also: Crypto exchange Coinbase has finally seen its SEC lawsuit dismissed, miner Hut 8 will report its full-year earnings on Monday, and its competitor Bitfarms got the nod…
Sentient, a decentralized artificial intelligence (AI) developer, has launched Sentient Chat, an agentic chatbot with over 15 natively integrated agents, as per the reports shared with Finbold on Thursday, February 27. The chatbot went live on February 26 and attracted over 1 million users within 24 hours. Consumer-friendly AI chatbots Sentient Chat was revealed at the Open AGI Summit during ETH Denver and presented to an audience of over 1,500 AI and blockchain developers. With four agents available from day one, Sentient Chat users can invoke specialized functions and experiment with automating tasks. Other Sentient Chat features include a real-time…
Michael Saylor, a co-founder of Strategy has taken to his account on the X platform to reveal his recent visit to the Financial Services Committee, where he talked about digital assets. Saylor said that they discussed how the US can become the global leader in Bitcoin and crypto in general. During this meeting, according to Saylor, he presented to the Financial Services Committee members the Digital Asset Framework which mentions Bitcoin (digital commodity). He Strategy’s executive chairman shared a link to this document in the tweet. Saylor’s Digital Asset Framework and Bitcoin The document that Saylor went to the meeting…
Ethereum has recently struggled to maintain upward momentum after failing to break above the $2,800 resistance. The altcoin king’s price experienced a steep decline due to broader market bearish conditions, causing it to fall below $2,500. Despite the downturn, Ethereum investors have remained confident, seizing the opportunity to accumulate at lower price levels. Ethereum Investors See An Opportunity Ethereum’s market sentiment reveals investor conviction through the Cost Basis Distribution (CBD) data. According to Glassnode, the CBD shows that investors have consistently accumulated Ethereum even as the price dropped. Multiple cost bases are moving lower, indicating that market participants are taking…
XRP community researcher SMQKE has outlined how upcoming U.S. stablecoin regulations could boost XRP’s adoption, utility, and market value. The analysis highlights how Ripple’s USD stablecoin, RLUSD, will directly benefit from the new regulatory framework. It projects that RLUSD could drive increased usage on the XRP Ledger and raise demand for XRP in the process. Regulatory Clarity Opens Doors for RLUSD The GENIUS Act, which mandates reserve requirements, audits, and licensing for stablecoins, will bring much-needed regulatory clarity to the market. Experts argue that this will increase RLUSD’s credibility and ensure its regulatory compliance. As a result, RLUSD could become…
The ongoing turbulence in global trade policies has sent shockwaves through multiple industries, and Bitcoin mining is no exception. Many in the crypto mining sector are now grappling with the impact of these tariffs as they come into sharper focus. Some are already dealing with sudden customs delays, cost increases and shortages all while trying to make sense of evolving international trade agreements. With shipments of mining equipment already stuck at borders, uncertainty is growing among miners, suppliers, and investors. Tariffs and Customs Delays: A Growing Concern One of the primary concerns facing Bitcoin miners today is the unpredictability surrounding…
Blackbird, the restaurant loyalty platform founded by Resy and Eater co-founder Ben Leventhal, shared Thursday that its Flynet mainnet is live, bringing restaurant payments on-chain. Flynet is a layer-3 blockchain based on top of Coinbase’s Base chain. Base, a layer-2 network, allows users to transact on top of Ethereum for faster and cheaper. The team claims that having a layer-3 benefits the restaurant industry, because “by handling payments and loyalty programs entirely on Flynet, Blackbird eliminates traditional middlemen, reduces transaction costs, and introduces a new model for rewarding both diners and partners.” Blackbird had previously released a payments platform, letting…
A closely followed crypto analyst is warning that Bitcoin (BTC) may soon plummet into the $70,000 range. In a new thread, crypto trader Justin Bennett tells his 115,800 followers on the social media platform X that Bitcoin may decline by more than 8% of its current value, hitting a 2023 trendline that coincides with a CME gap. A CME gap is the difference between the Friday closing price of Bitcoin and the Monday opening price on the Chicago Mercantile Exchange. “Bitcoin looks determined to close that $77,360 November CME gap, which could intersect with the September 2023 trendline. Probably some…
Ethereum’s price has been dropping consistently over the past few months since it was rejected from the $4,000 level. Meanwhile, there is still the possibility for a deeper decline in the coming weeks. Technical Analysis By Edris Derakhshi (TradingRage) The Daily Chart On the daily chart, the asset has been trending lower since it failed to break above the $4,000 resistance zone. It has since broken below several support levels, including the $3,000 line and the 200-day moving average, located around the $2,900 mark. Yesterday, the altcoin rebounded from the $2,400 support zone, but it’s still likely to drop back…