Author: NBTC
Ethereum has been facing increased selling pressure following the Bybit security breach on Friday, falling 5% in the past 24 hours to trade around $2,650. Concerns are growing among traders that further declines could be on the horizon as the market reacts to the effects of the hack. According to crypto derivatives expert Gordon Grant, investors are actively seeking protection against potential downside risks. Grant suggested that Bybit’s efforts to stabilize the market by buying ETH in response to the attack may have come to an end, increasing the likelihood that the stolen assets will be sold off, putting further…
President Donald Trump has come a long way in his attitude toward cryptocurrency since he rejected Bitcoin (BTC) in his first term. Indeed, the billionaire politician has not only become rhetorically friendly but has actively been involved with digital assets, launching several non-fungible token (NFT) collections and even a set of family-themed inauguration meme coins. Simultaneously, however, Trump — or someone in his team — appears relatively keen to swapping cryptocurrency for regular currency as the President’s balance has been, per the data Finbold retrieved from Arkham Intelligence on February 25, shrinking rapidly. Donald Trump’s digital assets portfolio became particularly…
Analyst and commentator Paul Barron has highlighted significant developments in the XRP Ledger (XRPL), suggesting that the network is on the verge of a major breakthrough. Barron referred to the recent surge in activity as a “perfect storm” for XRP and its underlying technology. According to Barron’s, trustlines on XRPL have seen a dramatic increase since December as more users begin to realize the network’s potential. Trustlines allow users to establish lending relationships on XRPL, and their growth is often seen as a sign of expanding adoption and usage. “In December, trustlines started to explode because people started to realize…
CDARI, a prominent decentralized shopping forum, has announced its exclusive partnership with Blazpay, an advanced AI-led crypto platform for trading, passive earning, and smart management. The partnership focuses on revolutionizing crypto interactions, merging the expertise of CDARI and Blazpay. 🚀 PARTNERSHIP ANNOUNCEMENT 🚀We’re thrilled to join forces with @blazpaylabs! 🤝✨Blazpay AI is revolutionizing crypto interactions with cutting-edge AI & seamless DeFi solutions, empowering a 1.2M+ strong community to:💱 AI-Swap: Find & execute the best exchange rates📊… pic.twitter.com/sfhMZLXQK6 — CDARI (@cdariofficial) February 22, 2025 As part of this collaboration, CDAI’s dynamic ecosystem will be combined with Blazpay’s cutting-edge technology. With this…
BitMEX co-founder Arthur Hayes is predicting Bitcoin (BTC) will hit an astronomical peak this market cycle. In a new interview with Anna Tutova, the CEO of Coinstelegram, Hayes says Bitcoin could hit seven figures in about a year or so due to a massive expansion of monetary supply from governments. “I believe we can get to $1 million end of the cycle – $1 million… because the amount of money that’s going to be printed is going to be absolutely insane as every government around the world does the same thing, which is print money to make my people feel…
Mode users may benefit from improved liquidity and increased capital efficiency thanks to Perpetual Hub’s integration with Xpanse. By using Orbs’ L3 architecture, the integration eliminates counterparty concerns related to centralized exchanges and guarantees safe, onchain settlement. The Perpetual Hub from Orbs, a top provider of blockchain infrastructure, has been integrated into the Xpanse perpetual trading protocol. The move gives customers of decentralized exchange running on the Mode network access to deep liquidity and sophisticated trading capabilities. In order to enhance the trading experience for onchain perpetual markets, Orbs Perpetual Hub functions as a decentralized abstraction layer. Perpetual Hub, which…
Ethereum (ETH) has fallen more than 8% in the last 24 hours and over 22% in the past 30 days, reflecting a bearish market sentiment. The price was already in decline before the Bybit hack, which further impacted market sentiment. Although Bybit has since recovered 84% of its reserves, ETH’s price remains under pressure. With key resistance at $2,850 and no break above $2,900 since February 2, Ethereum’s outlook remains uncertain as bearish indicators continue to dominate. Bybit Is Recovering Its ETH Reserves After the Hack Ethereum’s supply on Bybit experienced a dramatic decline after the hack, plummeting from 443,000…
After years of building away from the limelight, IOTA finally burst out in 2024 with the Rebased protocol, real-world asset tokenization, institutional adoption, and more. The price also finally broke out after a multi-year lull, reclaiming the $1 billion market cap for the first time in two years as internal developments and the bull market pushed the token. 2024 was a landmark year for the crypto industry, with dozens of tokens hitting new all-time highs, led by Bitcoin, which broke past the six-figure barrier for the first time. However, while many saw a price spike this year, few matched it…
Fermion Protocol, a real world asset or RWA application built on Ethereum layer-2 network Base, is launching its services by fractionalizing a Dolce & Gabbana digital suit that was purchased for $1 million. The Glass Suit, part of the Italian fashion brand’s Collezione Genesi, was originally won in an auction by Boson Protocol in 2021. The auction was for both the physical suit—which took the fashion house eight months to create—along with a digital rendition tokenized as an Ethereum NFT. Boson founder Justin Banon is also behind Fermion. Now Banon and his new protocol, which is built in the Boson…
Imagine buying your morning coffee or shopping online with cryptocurrency—no banks involved, and your funds safely deposited on the blockchain that has replaced your bank deposit. This isn’t a distant dream; it’s happening now. Crypto wallets let you store and control your money directly, offering more choices and reducing reliance on traditional banks. By realizing Bitcoin’s vision of bank-free payments, these tools provide greater freedom, allowing you to keep your money safe on the blockchain. While still using Visa and Mastercard for everyday transactions, crypto wallets are transforming how we manage money, making banks less essential and paving the way…