Author: NBTC

Ethereum (ETH) price recently surpassed $4,000 for the first time since March 2024, marking a 25% gain over the past 30 days. However, the 7D MVRV ratio, now at -1.35%, suggests short-term holders are experiencing unrealized losses, hinting at potential further downside before a recovery. Historically, ETH tends to rebound after the MVRV dips to -4% or lower, aligning with growing whale accumulation, as addresses holding at least 1,000 ETH have steadily increased in December. While ETH faces key resistance at $3,987, breaking it could lead to $4,100 and beyond, but bearish signals from converging EMA lines could test its…

Securitize announced on December 17 that it has obtained approval from the Spanish National Securities Market Commission (CNMV) as an Investment Firm. The company also registered Securitize Europe Brokerage and Markets, S.A., to operate as a Sociedad de Valores (broker-dealer). The firm hopes to provide services for blockchain-based financial assets, including acting as an Entidad Responsable de Inscripción y Registro (ERIR). The Investment Firm revealed that it can now tokenize, manage, and facilitate the lifecycle of cryptocurrencies in Europe. CNMV authorization unlocks blockchain-based investment opportunities 📢 Securitize is pleased to announce its approval by the Spanish National Securities Market Commission…

Solana meme tokens are gaining attention again after the top trends rearranged their order. Bonk (BONK) is now the leading Solana meme by market capitalization, after flipping Dogwifhat (WIF). Solana meme tokens are rearranging their influence. Bonk (BONK) flipped DogWifHat (WIF), reaching a total market cap of $2.99B. BONK is a relatively early mass-appeal meme, while WIF tapped its community for long-term holding. Both memes have gone through drawdowns of up to 70%, with both retail and whale activity. Meme tokens as a whole retained a total market capitalization of over $120B after a recent correction. Solana’s top assets make…

The U.S. Department of Justice has charged Rostislav Panev, a dual Russian and Israeli national, for his alleged involvement with the LockBit ransomware group. Panev, 51, is accused of working as a developer for the group, earning over $230,000 in cryptocurrency for his contributions. Arrested in Israel in August, Panev is currently awaiting extradition to the United States to face charges. LockBit is a notorious ransomware group known for targeting known for targeting entities worldwide, including major corporations like Boeing, financial institutions such as the Industrial & Commercial Bank of China, and government services like the UK’s Royal Mail, according…

During a recent interview with CNBC, Galaxy Digital CEO Mike Novogratz said that he does not believe that Satoshi Nakamoto, the mysterious Bitcoin creator, is alive. “If Satoshi was alive (cause I don’t think he is), I’m sure that he’d have a big smile on his face,” Novogratz said while commenting on Bitcoin’s historic surge above the $100,000 price mark. Novogratz claims that Bitcoin is “the greatest example” of a large coalition of people coming together to do something “really spectacular.” Even though Satoshi initially viewed Bitcoin as a means of payment, the original cryptocurrency eventually morphed into “digital gold,”…

The cryptocurrency market in 2024 has been a year of contrasts, marked by significant milestones and lingering economic uncertainty. Bitcoin (BTC) shattered expectations by crossing the $100,000 mark for the first time, reigniting optimism in digital assets. Yet, the broader economic backdrop remains volatile, raising questions about inflationary pressures and the Federal Reserve’s next moves. As uncertainty clouds traditional markets, several altcoins are making significant strides, positioning themselves to achieve major market cap milestones as 2025 approaches, driven by strong fundamentals and growing adoption. Sui Network (SUI) Sui Network (SUI) is rapidly establishing itself as a strong player with high-growth…

MicroStrategy founder Michael Saylor has released a comprehensive framework for integrating digital assets into the US financial system. The framework advocates for regulatory clarity, governance standards, and interoperability to encourage institutional investment and broader adoption of crypto assets. Saylor, sharing the framework on X, emphasized its significance, stating, “A strategic digital asset policy can strengthen the US dollar, neutralize the national debt, and position America as the global leader in the 21st-century digital economy.” Among its key objectives, the framework proposes growing digital currency markets from $25 billion to $10 trillion, driving significant demand for US Treasuries. It also outlines…

Ethereum spot ETFs, or exchange-traded funds, saw a net inflow of $151 million on Tuesday, continuing an uninterrupted net positive capital flow streak that began on November 22. According to crypto market research company BRN, Ethereum ETFs added $151 million on Tuesday, while Bitcoin ETFs collectively added $494 million. Bitcoin ETFs have been hot for most of the year following their January launch in the United States, while Ethereum ETFs saw modest demand out of the gate. BRN analyst Valentin Fournier recently wrote in a note to investors that Ethereum ETFs are enjoying the benefits of a broader climate that…

The FED will announce its final interest rate decision at 22:00 today, and Chairman Jerome Powell will give a speech shortly after the decision. As markets eagerly await the outcome, experts including Mark Zandi, chief economist at Moody’s Analytics, predict Powell will advocate a more cautious approach to future interest rate adjustments. Bond traders tracked by the CME are largely expecting a rate cut, and Zandi acknowledged that such a move is possible. But he expects Powell’s tone at the press conference to reflect a change in strategy. “I think Powell will argue that the Fed should go much slower…

Celestia, a well-known modular blockchain ecosystem, has rolled out the highly awaited Ginger upgrade on Mainnet Beta. The upgrade targets to offer performance improvements along with establishing a groundwork leading to future scalability. Ginger (v3) is live on Mainnet Beta 🫚2x data throughput and 6s single-slot finality1.33MB/s 🔜 pic.twitter.com/BFH0ilgLBE — Celestia 🦣 (@celestia) December 12, 2024 Celestia’s Ginger Upgrade Promises Blockchain Efficiency and Decentralized Data Accessibility In a comprehensive blog post, Celestia offered insights into the latest Ginger upgrade. It mentioned that the upgrade signifies a pivotal point for the platform’s vision of blockchain efficiency and availability of decentralized data.…