Author: NBTC
Cardano founder Charles Hoskinson spreads the word that towards the end of February he intends to meet “a very special person.” The video excerpt of that stream was shared by the Cardano-related X account @Cardanians_io. Hoskinson did not specify who this “very special person” is going to be. The community appeared intrigued and commentators began speculating who this person might be. The options included podcaster Lex Fridman, Donald Trump, and Elon Musk. 🎙️ Charles Hoskinson: “I’m meeting a very special person towards the end of the month.”Who do you think it is? pic.twitter.com/5lJCM5CasZ — Cardanians (CRDN) (@Cardanians_io) February 10, 2025…
Ethereum’s inability to establish a strong foothold above $2,000 continues to dampen investor sentiment, causing many traders to keep their assets liquid in case of a potential selloff. This cautious stance is reflected in ETH withdrawals from exchanges, which have plunged to a seven-month low. ETH Exchange Activity Signals Growing Bearish Sentiment An assessment of Ethereum’s exchange transaction dominance shows a significant decline in ETH withdrawals since late January. According to Glassnode, ETH’s exchange withdrawal transactions totaled 59,755 coins on Tuesday, marking its lowest single-day count since August 31. Ethereum Exchange Transaction Dominance. Source: Glassnode When ETH withdrawals from exchanges…
The cryptocurrency rebounded above $97,000 as trading volume surged over 60% after a somewhat slower Superbowl weekend. Bitcoin Tops $97K After Superbowl Weekend Bitcoin (BTC) is trading at $97,594.51 at the time of reporting, reflecting a 1.49% increase over the past 24 hours and a 2.69% gain over the past week, according to data from Coin Market Cap. The world’s dominant digital asset saw a 24-hour price range between $94,745.26 and $97,977.40, showing continued resilience amid market fluctuations. (Bitcoin price / Trading View) Surge in Trading Volume and Market Cap Bitcoin’s trading volume skyrocketed 61.23% to $37.65 billion, likely due…
Shares of some of the top publicly traded Bitcoin mining companies have fallen amid a broader market decline, even after the U.S. Securities and Exchange Commission clarified on Thursday that mining operations “do not involve the offer and sale of securities.” MARA (MARA), CleanSpark (CLSK), and Bitdeer (BTDR) are among the mining companies showing losses so far Friday, though they’ve all rebounded somewhat since earlier in the morning. Riot Platforms (RIOT), meanwhile, is relatively flat on the day after being down earlier Friday. As of this writing, MARA and BTDR are both down about 1.5%, while CLSK has fallen by…
Arweave, a pioneer in decentralized data storage, has officially launched the mainnet of AO, its high-performance distributed computing platform. AO is called a “hyper-parallel computer” and aims to reimagine on-chain computing through a parallel processing model. Based on Arweave’s immutable storage, AO aims to provide a scalable and reliable decentralized computing infrastructure. A key advantage of AO is its use of Arweave’s decentralized data structure. This means that all calculations are stored forever and can be accessed at any time. This ensures data integrity and availability, and makes AO particularly attractive to developers building decentralized applications (dApps) and autonomous AI…
Ripple’s recent legal victory over the SEC has caused a huge stir in the crypto world. After a long legal battle, the SEC dropped its lawsuit against Ripple, which has left the industry buzzing with excitement.. This decision marks a huge shift in how regulators will handle digital assets in the U.S., and it could set an important precedent for future cases. Jeremy Hogan, a legal expert, provided a detailed breakdown of the current situation, explaining that while the SEC has dropped its appeal, it’s still unclear if Ripple has agreed to the same. He said that the judgment from…
Ethereum’s daily ETH burn rate, a key feature introduced by the 2021 EIP-1559 update to manage fees and supply, shows signs of declining, based on recent chart analysis highlighted by Miles Deutscher. The chart shows that Ethereum’s profitability is the lowest it has been in a long time, with ETH burns trending to zero. This implies reduced network usage or fees, which conflicts with Ethereum’s deflationary concept, which relies on burning more ETH than is issued to validators. The trend has sparked debate within the crypto community: some view it as a temporary lull before a possible recovery, while others…
BlackRock’s tokenized money market fund, BUIDL, has become available on Solana, Securitize announced, marking another step in the asset manager’s push into blockchain-based finance. The expansion makes BUIDL available on seven blockchains, including Ethereum, Polygon, Aptos, Arbitrum and Optimism. Only 62 wallets currently hold BUIDL on-chain, however, according to rwa.zyz data. The fund, officially the BlackRock USD Institutional Digital Liquidity Fund, combines a short-term yield-bearing portfolio of cash and U.S. Treasuries with the settlement and transfer capabilities of blockchain. Since its introduction on Ethereum in 2023, the fund has drawn in $1.7 billion and is on track to cross $2…
Breakthroughs in AI rendering may have contributed to making NFT collections obsolete. AI’s ability to impose any art style on images means collections are no longer a scarce commodity. NFTs were already fighting for survival before they were dealt another blow after AI grew its capabilities of image rendering into multiple styles. Previously, collections relied on the scarcity of their style and a complex system of traits and characteristics to justify their high valuations. NFT collections must now adapt to the new wave of image creation to have any chance at relevance. AI filters can now render and extend collections…
Public Keys is a weekly roundup from Decrypt that tracks the key publicly traded crypto companies. This week: After predicting it wouldn’t survive this long, Bakkt Holdings has undergone another transformation; the largest securities clearinghouse in the world doubles down on Ethereum; and Robinhood launches a prediction market for your March Madness bracket. Setbacks for Bakkt Holdings There’s new business afoot for crypto trading and payment solutions company Bakkt, which trades on the New York Stock Exchange under the BKKT symbol. But there’s also a bit of blood in the water. The company just hired a new co-CEO: Akshay Naheta,…