Author: NBTC
Tesla CEO Elon Musk changed his name on social media platform X to Kekius Maximus today, causing the similarly named meme coin KEKIUS to explode shortly after. KEKIUS was trading at $0.08832 at press time, up 504% on the daily chart. Musk’s Latest Antic Pushes KEKIUS On December 31, Elon Musk changed the name of his X handle to Kekius Maximus and also changed his profile picture. His profile picture now shows Pepe, the frog, holding a joystick and playing a video game. “Kekius Maximus will soon reach level 80 in hardcore PoE,” Musk wrote on Twitter. Musk, who is…
The Bitcoin price has struggled to reclaim previous price highs above $100,000, with bearish sentiment dominating the market. Currently, the Bitcoin price is retesting the support line of an Ascending Channel after crashing below $95,000. A crypto analyst has predicted that if it can hold this key support level, it could stage a recovery and skyrocket to its next bullish target, aligning with the upper resistance line of the channel. Bitcoin Price Retest Support Line; New Target In Sight In a chart illustrating Bitcoin’s price movement within an Ascending Channel, Trader Tardigrade, a crypto analyst on X (formerly Twitter), revealed…
The price of Ethereum (ETH) has continued its sideways movement above $2,600 since the recovery on February 3. Ethereum price long-term analysis: bearish The price is moving between the support at $2,600 and below the moving average lines or resistance at $2,800. Neither the bears nor the bulls are in control of the price. On February 17 and 21, for example, Ether came under selling pressure at higher price levels. The bulls bought the dips, but Ether fell to the current support. The 21-day SMA will be retested by the cryptocurrency price to surpass it. A break above the 21-day…
RealNOI, a company focused on transforming real estate income into a tradable asset, has rolled out its blockchain-powered rental income platform build on top of real-world asset (RWA) tokenization service Chintai. The platform gives investors access to cash flows worth $570 million from nearly 1,900 apartments with projected annual returns exceeding 5%. Unlike traditional real estate tokenization, which involves fractional property ownership, RealNOI focuses solely on rental income, eliminating the need for title transfers, notaries, or direct property management. Rental cash flows are recorded on-chain for real-time transparency and can be traded on secondary markets. RealNOI’s launch represents a significant…
Billy Markus, who created the original meme cryptocurrency Dogecoin in collaboration with Jackson Palmer back in 2013, has published a DOGE-themed post. That was his response to Elon Musk’s recent post regarding the content that creators are publishing on the X social media platform. On December 29, tech mogul Musk addressed the global X user community, requesting that they publish “a bit more positive, beautiful or informative content” on his global “digital town square.” Please post a bit more positive, beautiful or informative content on this platform — Kekius Maximus (@elonmusk) December 29, 2024 Markus was among those who took…
Bybit, a leading crypto exchange, has recently made massive $ETH acquisition. As per Lookonchain, Bybit has purchased 34,743 $ETH, raising its cumulative $ETH acquisition to more than 106,000 $ETH over past 24 hours. This is likely an effort to continue smooth withdrawals after losing $1.4 billion worth of ETH to crypto hack. The on-chain analytics platform took to social media to share insights into Bybit’s aggressive $ETH buyouts. Update: #Bybit bought another 34,743 $ETH($97.7M) via #OTC ~40 mins ago.#Bybit appears to have bought a total of 106,498 $ETH($295M) via #OTC in the past 24 hours.https://t.co/s6a5TCfvwP pic.twitter.com/JjoaPJ6Xl0 — Lookonchain (@lookonchain) February…
Despite billions of dollars in bitcoin (BTC) purchases, a televised investor gala, a First Family meet-and-greet, a corporate name change, and a new Nasdaq stock listing, the simple multiple that investors are willing to pay for Michael Saylor’s Strategy (MSTR) BTC has been declining for months. Soaring above 3.4X as recently as November 2024 with calls for it to somehow reach 10X, today’s figure has instead declined below 1.7X. This premium, colloquially known as Strategy’s Multiple-to-Net Asset Value or “mNAV,” is the market capitalization of MSTR relative to its BTC holdings. This simple integer encapsulates investors’ overall faith in the…
Cardano Founder Charles Hoskinson has shared focus areas for the community as to what to expect from Input Output Global (IOG) next year. Charles Hoskinson highlighted Bitcoin DeFi through his official X account as the first task to address. While the list is not chronological, the protocol’s focus on Bitcoin is considered one of its biggest agendas for the coming year. Cardano eyes mainstream partnership The Cardano founder highlighted the protocol’s other focus, including Midnight and Partnerchains. All year long, the Cardano ecosystem has focused on developing the Midnight Network, a protocol it believes is essential to restoring privacy-centric innovation…
Riot Platforms, the publicly listed Bitcoin (BTC) miner from Wall Street (NASDAQ: RIOT), announced record financial results for 2024, reporting $376.7 million in total revenue and $109.4 million in net income. The results come despite facing significant industry headwinds including Bitcoin’s halving and a substantial increase in hash rate or global competition. The Bitcoin mining company finished the year with a deployed hash rate of 31.5 EH/s and increased its Bitcoin holdings to 17,722, up 141% from the previous year. Jason Les, CEO of Riot Blockchain “Riot had a remarkable year in 2024, generating record revenue of $376.7 million and…
Ethereum price failed to clear the $3,000 resistance zone. ETH is consolidating near $2,750 and might aim for a fresh increase. Ethereum is still showing positive signs above the $2,680 zone. The price is trading above $2,750 and the 100-hourly Simple Moving Average. There is a short-term bullish trend line forming with support at $2,780 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a decent upward move if it settles above $2,850 and $2,880. Ethereum Price Eyes Fresh Increase Ethereum price remained supported above the $2,650 level and recently started a decent upward move,…