Author: NBTC
After 10 consecutive Bitcoin purchases by MicroStrategy, this week marked a pause, with Michael Saylor not announcing any new acquisitions. As of January 20th, 2025, MicroStrategy’s Bitcoin holdings have reached 450,000 BTC, acquired at a cumulative cost of around $28.2 billion, with an average acquisition price of $62,691 per Bitcoin. Michael Saylor’s Vision and Latest Moves Michael Saylor continues to demonstrate unwavering commitment to Bitcoin, signaling potential for another purchase. His cryptic social media post, “Things will be different tomorrow,” coincides with President-elect Donald Trump’s inauguration. His public endorsement and continued accumulation of Bitcoin are seen as a signal of…
After the bears took control last night, Ethereum shows signs of a potential reversal from key support levels. Could this reversal drive ETH price towards a channel breakout rally? Volatility in the altcoin market surged overnight, with the total crypto market cap, excluding Bitcoin, falling 5.10% to $1.44 trillion. Amid increased volatility, Ethereum saw a significant pullback of 2.85%. This indicates a higher price rejection from the 24-hour high of $3,445, forming a bearish candle. Could this short-term correction lead to a decline to $3,000 for Ethereum? ETH Price Analysis Ethereum is currently forming a falling channel pattern on the…
MicroStrategy shareholders are set to vote on several key proposals during a special meeting scheduled for 10 a.m. New York time on Tuesday, according to a recent report from Bloomberg. The key focus of the vote will be to approve an increase in authorized Class A common stock from 330 million shares to 10.3 billion shares. Shareholders will also consider raising the number of authorized preferred shares from 5 million to 1 billion. Bloomberg reported that MicroStrategy’s upcoming shareholder vote is likely to easily approve the proposed measure, given co-founder and chairman Michael Saylor’s substantial voting power—approximately 46% through his…
Peter Schiff, who is pretty much synonymous with his outspoken skepticism of Bitcoin (BTC) and cryptocurrencies in general, might not seem like the obvious person to indirectly spark interest in digital assets. But the financial expert recently responded to a challenge from a follower who questioned his accuracy, especially as Bitcoin hit a new all-time high of around $110,000. The message was clear: “You’ve been wrong about everything for over 15 years. Why does anyone still listen to you?” Schiff’s response offered an interesting take on why some people, even if they do not agree with him on Bitcoin, still…
TruthLabs, a blockchain investigative analyst, has accused Ethereum co-founder Vitalik Buterin of benefiting from Bitcoin seized from Ross Ulbricht’s Silk Road wallet during Ethereum’s initial coin offering (ICO). The allegations emerged following an online exchange between Buterin and Ulbricht on January 19, 2025. Ulbricht, who is serving a life sentence for operating the Silk Road marketplace, took to X to clarify his non-involvement with meme coins bearing his name. Vitalik responded with a message of support, calling Ulbricht’s life imprisonment “absurd” and expressing hope for his freedom. TruthLabs’ Allegations In the early hours of today, TruthLabs posted a series of…
Over the weekend, American economist Peter Schiff made a series of sarcastic posts in regards to memecoin TRUMP, launched by US president-elect Donald Trump on Friday, January 17. In his latest dig at the dynamics surrounding the token, Schiff said it could be used to bribe the incoming POTUS. In a January 20 post on X, the financial commentator provocatively stated that, unlike the complex web of shell companies required to bribe the Biden family, all one needs to do to “bribe Trump” is buy TRUMP coins. Schiff pointed out the trend of memecoin launches by the Trump family, which…
This week, several cryptocurrency projects are gearing up for their Token Generation Events (TGEs). These events mark the launch of a project’s tokens, offering traders and investors a chance to get in early on promising ventures. TGEs often draw attention and boost liquidity, making them key moments for both developers and participants. Here’s a look at the most anticipated TGEs happening this week. Zircuit (ZRC) Zircuit, an EVM-compatible zero-knowledge rollup, held its TGE on November 25 at 10:00 a.m. UTC. Planned exchange listings include Bybit, MEXC, Gate.io, and KuCoin, with these platforms already confirming the listings on X (formerly Twitter).…
A significant policy shift in the United States may soon change the course of crypto regulations seen under President Biden. President-elect Donald Trump is preparing an executive order to prioritize cryptocurrency at the national level, a decision that could reshape the regulatory approach to the industry. The initiative seeks to align cryptocurrency with federal policy, encouraging collaboration between private companies and government agencies while enhancing the legitimacy of digital assets. What a difference an election can make. What do I mean? We went from @GaryGensler and @ewarren’s UNLAWFUL war against crypto to @realDonaldTrump establishing a Crypto Czar in @DavidSacks, a…
World Liberty Financial (WLFI), a decentralized finance platform reportedly backed by Donald Trump and his family, made headlines with a massive cryptocurrency buying spree just hours before Trump’s inauguration ceremony. According to data from Arkham Intelligence, WLFI’s wallet address acquired over $109 million in digital assets across six cryptocurrencies in a single day. Among the most notable purchases was 177.26 Wrapped Bitcoin (WBTC), worth approximately $18.8 million in the past two hours. WBTC is a Bitcoin derivative token that runs natively on the Ethereum blockchain. The purchase generated some buzz in the cryptocurrency community. For example, Michael Saylor celebrated the…
The Ethereum Foundation, de-facto figurehead of the Ethereum ecosystem, has responded to community frustrations by proving that it does in fact use the chain… to dump ETH. The complaints have generally been focused on the foundation’s lack of leadership, which many feel is to blame for Ethereum’s limited price action compared to bitcoin (BTC), SOL, and other major cryptocurrencies. Read more: Ethereum Foundation blasted for EigenLayer conflicts of interest However, the foundation’s efforts to engage with the criticism have largely come across as being out of touch. Initial attempts were seen to be missing the point when the official Ethereum…