Author: NBTC
Robinhood (NASDAQ: HOOD) stock is back to a price last seen in September 2021, soaring above $45.81. This impressive comeback marks a new milestone for the fintech and trading platform, highly benefiting from renewed optimism on cryptocurrencies. Notably, HOOD closed the Wednesday session, on January 15, with a 30.31% premium from its initial public offering (IPO). The fintech launched itself to the United States stock market on July 28, 2021, trading at $38 per share. However, the following years after the IPO were truly challenging for Robinhood, going as low as $8 per share in multiple occasions, starting a shy…
Options trading for BlackRock’s exchange-traded fund (ETF), iShares Bitcoin Trust ETF (IBIT), started on Nov. 19 at Nasdaq and has already moved over $446 million in its first trading hours. Bloomberg senior ETF analyst Eric Balchunas remarked that the volume is “a ton” for a first day, with nearly 98% of trading contracts being calls. He added: “Seems very bullish, esp the Dec20th C100, which is basically betting price of btc [Bitcoin] will double in the next month.” A “call” in an option contract gives the right to purchase a security at a predetermined price, known as the strike price,…
As of this week, Sky, the decentralized finance (defi) initiative previously recognized as Makerdao, has witnessed its newly launched stablecoin, USDS, exceed the $2 billion threshold. Among the top ten stablecoins, it experienced the most significant expansion in supply over the past month. Sky’s USDS Climbs to Top Five While DAI Holds Its Ground Sky’s stablecoin, USDS, has recorded a 99% growth in supply over the last 30 days, according to stablecoin metrics from defillama.com. As a relatively new entrant to the stablecoin market, USDS operates alongside DAI and maintains a 1:1 exchange rate with it. Data from Sky’s website…
Ethereum saw an upswing, breaking through the $3,400 mark as the markets reacted to political waves leading toward a presidential inauguration. After struggling for a week, from Jan. 11 to 17, Ethereum (ETH) broke the downward movement, pushed past its last resistance level of $3,400 and is currently trading at $3,406.72 at the time of writing. Ethereum’s price breaks the $3,400 resistance, rallying to $3,424 as bullish momentum builds ahead of the anticipated Pectra upgrade and political developments. Source: crypto.news This market optimism is driven by speculations that President-elect Donald Trump would sign an executive order related to cryptocurrency when…
Scott Bessent walked into his Senate confirmation hearing today with one clear goal: to champion the radical changes coming to Washington. The billionaire investor and Donald Trump’s pick for Treasury Secretary didn’t waste time defending Elon Musk’s Department of Government Efficiency (D.O.G.E). Scott declared the department “absolutely essential” to the administration’s economic policies. The department, co-led by Elon and biotech entrepreneur Vivek Ramaswamy, is tasked with an impossible-sounding job: cut a third of the federal budget while keeping key programs like Social Security intact. Elon’s D.O.G.E plans to rewrite Washington’s rulebook Elon Musk’s D.O.G.E was born out of an October…
Video-sharing platform Rumble (RUM) is moving higher during afternoon U.S. trading hours on Tuesday after CEO Chris Pavlovski suggested an interest in adopting a bitcoin (BTC) treasury strategy. “Should Rumble add Bitcoin to its balance sheet,” asked Pavlovski on X. By itself, the question might have been considered little more than a playful tease, but it quickly drew a response from MicroStrategy’s (MSTR) Michael Saylor, who pioneered corporate bitcoin adoption. “Yes,” responded Saylor. “I would be happy to discuss why and how with you.” “DM’ing you now,” responded Pavlovski. Prior to the exchange, Rumble’s stock had been trading modestly lower…
QuickSwap, an advanced DeFi ecosystem, has recently announced a milestone. As per QuickSwap, it is going live on Soneium mainnet to empower communities, creators, and developers. The platform disclosed the details of this launch on social media. https://t.co/C5IzC7UWv3 — QuickSwap 🐲 DragonFi 2.0 (@QuickswapDEX) January 18, 2025 Soneium Launches QuickSwap on Mainnet to Enrich DeFi Experience QuickSwap labeled the launch on the mainnet of Soneium as a significant development. It added that up till now the decentralized exchange has integrated with seven chains and this is another opportunity. Soneium operates as an Ethereum L2 blockchain that Sony Block Solutions Labs…
Despite Bitcoin experiencing a bullish rally, the prime altcoin, Ethereum (ETH), has lagged in relative terms. Ethereum has found the $3,800 price level, a critical resistance it has not breached in the past 30 days. However, Sandeep Nailwal, the cofounder of Polygon, has made a bold and optimistic prediction about Ethereum’s future price movement. Bold prediction from Polygon’s cofounder In a post on X, Nailwal contradicts the general sentiment about ETH on the cryptocurrency market. He believes a massive Ethereum pump is “around the corner and it’s going to absolutely melt faces.” Nailwal’s post suggests he expects a substantial price…
This is a segment from the Empire newsletter. To read full editions, subscribe. If I were to boil it down, I’d say there are three key reasons why Tribe Capital’s Evan Park is bullish on DePIN. The use cases, sustainability, and — of course — the revenue potential. Tribe’s backed a few DePINs including Wynd Networks (the company behind Grass), flight tracking project Wingbits and Akash. When looking at DePIN projects, Park’s biggest question is whether or not the project is “solving a problem where real demand can be generated.” Specifically, when Park is being pitched, he’s skeptical when a…
The partnership between GPU DePIN io.net and OpenLedger, the AI data blockchain that specializes in high-quality verifiable data, was announced. Through the partnership, OpenLedger will be able to improve its AI models by gaining access to io.net’s compute layer. OpenLedger will be able to use the distributed GPU network of io.net and get the necessary computation to expedite the development of its AI models. This will enable developers to create more smart and effective AI-based dapps by using OpenLedger’s datasets. The AI models’ inference and hosting will be supported by the ability to utilize io.net’s GPU infrastructure, ensuring its speed…