Author: NBTC

Ethereum (ETH) trades at $3,330.61, down 9.70% in 24 hours. Bearish moving average crossover signals further downside risk. Ethereum (ETH) is currently trading at $3,330.61, reflecting a 9.40% decline over the past 24 hours. The market capitalization stands at $401.25 billion, down 9.41% during the same period. Trading volume surged by 71.15% to $37.19 billion, indicating heightened market activity. The market cap ratio has risen to 9.22%. Ethereum’s circulating supply remains constant at 120.47 million ETH. On January 7, Ethereum spot ETFs saw net outflows of $86.79 million, reducing their total net asset value to $12.28 billion. This marks a…

On Tuesday, at his Florida estate Mar-a-Lago, president Donald Trump announced a $20 billion deal with Damac Group’s Hussain Sajwani to build state-of-the-art AI data centers across America. Trump wasted no time hyping up the announcement. The project’s first phase targets eight states: Texas, Arizona, Oklahoma, Louisiana, Ohio, Illinois, Michigan, and Indiana. These AI-powered data hubs, according to Trump, will put America at the top of the global tech ladder. “This is how we stay on the cutting edge of artificial intelligence and advanced technology,” Trump said, standing in front of cameras at his luxury resort. What $20 billion buys…

Ethena Labs has entered the stablecoin market with its new, Ethena USDe (USDe). This comes as the market has long been dominated by Tether (USDT) and USD Coin (USDC). As noted by Arthur Hayes, Co-Founder of BitMEX, USDe is growing remarkably, making established players like Circle, the issuer of USDC, take notice. Ethena Labs’ aggressive entry into the stablecoin arena suggests that a market shake-up might be underway. Circle … be afraid, be very afraid @ethena_labs is coming for you! pic.twitter.com/dHdFbY7Bs3 — Arthur Hayes (@CryptoHayes) December 3, 2024 Tether Still Leads, But the Market Is Changing Tether (USDT) remains the…

AirDAO, a prominent community-led L1 chain and dApp ecosystem, has announced MAGA Wallet. The release of MAGA Wallet targets to deliver seamless security as well as user-friendly features to enhance consumer experience. The platform disclosed the wallet launch on its official X account. https://t.co/Hqy7vuXj8s — AirDAO (@airdao_io) January 6, 2025 AirDAO Streamlines Web3 Interactions with MAGA Wallet, Prioritizing User-Friendliness and Security AirDAO pointed out that MAGA Web3 Wallet’s release underscores a landmark achievement to provide users with resilient features and security measures. It introduces social login, rapid wallet creation through QR code or link, and passkey support. These features eliminate…

Bitcoin’s price came just a small step away from reaching the $100K milestone. The market has been rallying aggressively following the US election, as buying Bitcoin has been one of the most profitable Trump trades. However, the cryptocurrency has retraced and is now further away from its six-digit target. Technical Analysis By Edris Derakhshi (TradingRage) The Daily Chart On the daily chart, the price has been surging almost vertically since early November, and 100K BTC is likely to be witnessed soon. There is no significant observation that can be made based only on the price action. However, the RSI has…

Former BitMEX CEO Arthur Hayes, known for his bold statements about Bitcoin and the cryptocurrency market, warned investors. Hayes urged investors to learn from EOS and avoid investing in overvalued projects. BitMEX co-founder Arthur Hayes has warned individual investors to avoid overvalued projects and make investment decisions with caution in a new article. In his new article, Arthur Hayes outlined the altcoin projects that investors should stay away from: “Retail crypto investors need to say no to: – VC-backed high FDV, low volatility projects – Primary listings of overvalued tokens on CEXs -Projects with low liquidity” Hayes emphasized that investors…

Nick Ducoff recently expressed his views on banks and public blockchain technology on X (formerly Twitter). In his post, Ducoff advocated for banks to build on public blockchains, emphasizing that the Federal Deposit Insurance Corporation (FDIC) should support such innovation for the benefit of customers. The Head of Institutional Growth at the Solana Foundation, Nick Ducoff warned the banking institution in a recent post on his X account. He stated that banks are at risk of losing in the “internet financial revolution” if they fail to embrace innovation for the benefit of their customers. Ducoff went on to say that…

Tim Cook, Apple’s CEO, has Bitcoin in his personal portfolio. But before you get excited, there’s a catch: this isn’t Apple’s big move into crypto. It’s Tim’s personal decision, and he’s clear about that. This doesn’t mean Apple’s about to dive into Bitcoin anytime soon. But it’s definitely an interesting move from someone at the helm of one of the world’s biggest tech companies. Why Does Tim Cook Own Bitcoin? Tim Cook’s been holding Bitcoin for the past three years. He’s not shy about it either, saying it’s part of his own investment strategy. But he makes it clear that…

Data shared by the popular blockchain wallet tracker Shibburn has revealed that an anonymous whale has burned a mammoth-sized amount of Shiba Inu meme coins in just a single transaction. Meanwhile, the price of the second most popular meme cryptocurrency SHIB has been trying hard to recover and break above the $0.00003 level after falling from $0.00003316 on Sunday. More than 2 billion SHIB disappear in flames The aforementioned data source revealed that over the past 24 hours, the Shiba Inu community has been actively burning SHIB coins as they managed to dispose of a massive amount of crypto—2,022,950,833 SHIB.…

Stuart Alderoty, chief legal officer at Ripple, has opined that the Federal Deposit Insurance Corporation (FDIC) tried to send “shockwaves” throughout various banks with its intimidating letters. “As a former bank GC, these letters scream one message: shut down everything crypto-related ASAP—not just the products and services mentioned,” he said on social media. This comes after cryptocurrency trading giant Coinbase managed to secure a court order in order to get plenty of unredacted letters that were sent to dozens of banks by the FDIC. According to Paul Grewal, chief legal officer at Coinbase, there was a “coordinated effort” to put…