Author: NBTC
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…
Legendary technical analyst John Bollinger, the inventor of Bollinger Bands, spoke out after the Bitcoin price broke its latest all-time high price record. According to the analyst, the recent record zeroes out the possibility of a potential negative Bollinger Band divergence on the BTC chart. According to the analyst, the recent consolidation in price has created a negative situation, which is a normal phenomenon in uptrends. On the other hand, the analyst also made a statement about a topic that concerns him about the cryptocurrency market. The analyst finds it worrying that the world’s largest altcoin, Ethereum, did not participate…
HeyAnon has announced its integration with Camelot, a leading decentralized exchange (DEX) within the Arbitrum ecosystem. This partnership, part of HeyAnon’s AUTOMATE DeFAI initiative, aims to streamline liquidity provision and staking for DeFi users while leveraging Camelot’s powerful trading infrastructure. The integration highlights a significant step forward in automating decentralized finance activities and providing a seamless user experience. We continue our AUTOMATE DeFAI integration partner showcase with Camelot DEX:Website: https://t.co/GK8ycXkib8Twitter: @CamelotDEX DefiLlama: https://t.co/DpWaf3vj0yCamelot is a decentralized and permissionless exchange that powers the Arbitrum ecosystem with highly… pic.twitter.com/cMRyE6sLBU — Hey Anon (@HeyAnonai) January 19, 2025 Camelot DEX has established itself as…
Gas fees compensate Ethereum nodes for computational power, ensuring secure and efficient transaction processing. Burning gas fees reduces ETH supply and supports deflationary mechanisms for long-term network sustainability. Paying gas fees for transactions on blockchain networks like Ethereum has become an essential component of connecting with decentralized ecosystems. The “Why Do We Need to Pay Crypto Gas Fees For Transactions?” video from CoinGecko explores the causes behind these fees and their relevance in preserving blockchain network security and functionality. The Role of Gas Fees in Powering Ethereum Transactions On a network like Ethereum, gas fees are the expenses connected with…
Federal Reserve Governor Christopher Waller hinted at multiple rate cuts in 2025 if inflation continues its current disinflationary trend. Speaking on CNBC Thursday, Waller said, “The inflation data we got yesterday was very good,” referencing the latest figures showing a cooldown in price pressures. He added that if similar inflation data continues to be reported, it would be reasonable to expect rate cuts in the first half of the year, with the possibility of a cut as early as March. Waller also suggested that future cuts could exceed current market expectations if inflation falls in line with December’s favorable data.…