Author: NBTC

Robinhood Markets Inc (NASDAQ: HOOD) climbed to a multi-year high as Bitcoin soared past the closely watched $100,000 level on Thursday. The last time its shares traded above $40 was in late 2021. Investors are primarily responding to the monster rally in BTC this morning – but a massive year-to-date gain of about 250% in HOOD reflects their broader confidence in the company’s ability to expand and grow its profits at a fast clip. Bitcoin is delivering a significant boost to other crypto stocks like MicroStrategy and Coinbase as well on Thursday. Bitcoin could double to $200,000 next year Despite…

As the cryptocurrency market evolves, Ethereum (ETH) has continued to face growing challenges.Despite its leadership in decentralized finance (DeFi) and smart contracts, Ethereum has experienced several controversies, particularly around scalability and network upgrades. Consequently, these issues are starting to weigh on ETH’s appeal to investors, causing the pioneer smart-contract network to lose significant market share over the past two bull cycles As of October 2024, Bitcoin’s (BTC) market cap had surged to $1.35 trillion, with Ethereum lagging far behind at $317 billion, reflecting a widening $1.04 trillion gap between the two. Furthermore, Ethereum’s dominance has declined by 38% since November…

Bitcoin has recently begun to see a major recovery in its price, reclaiming the $66,000 mark earlier today. This sudden positivity in price performance has prompted debates on whether retail investors and newcomers have returned to the market. Although there has so far been speculation about increased retail participation, a detailed analysis reveals a more nuanced picture. A Closer Look At Retail Participation According to a CryptoQuant analyst, BinhDang, in a recent post on the CryptoQuant QuickTake platform, the trends among smaller retail groups show growth and stagnation in different areas, reflecting a complicated dynamic in the current market cycle.…

Premier Art Holdings Ltd., a leader in fine art investments, and Chintai, a blockchain platform specializing in tokenizing real-world assets (RWAs), announced the launch of a $50 million tranche for their new initiative, The Premier Art Token (TPAT). This partnership aims to revolutionize the fine art market using Chintai’s white-label tokenization technology. It will enable fractional ownership, making this historically exclusive asset class accessible to a broader investor base. TPAT Value Proposition from a Market Context TPAT allows investors to trade fractional tokens backed by a curated portfolio of fine art masterpieces. This novel approach transforms art from an illiquid…

Ethereum layer-2 network Scroll just launched its SCR token in a highly anticipated airdrop—but some apparent beneficiaries are bemoaning the event. The project’s first airdrop dished out 5.5% of the total SCR supply—55 million out of 1 billion tokens—to early users who had already contributed to the ecosystem, according to a blog post from the team. Of that figure, 40 million SCR was given to on-chain participants who earned 200 or more Scroll Marks—or points from using the layer-2 scaling network. Another 1% was split evenly between eligible wallets, and another 0.5% was intended as a “bonus” for those who…

Key Takeaways Metaplanet’s recent purchase of 106 BTC boosts its total holdings to over 855 BTC. The company’s stock surged 15% following the announcement of the Bitcoin acquisition. Metaplanet’s stock (3350.T) surged over 15% on October 15 (Asian time) after the company announced it added over 106 Bitcoin to its reserves. According to data from Yahoo Finance, the stock price reached 1,105 JPY, a substantial jump from the previous close of 955 JPY. Author: Yahoo Finance The latest acquisition brings Metaplanet’s total Bitcoin holdings to over 855 BTC, valued at around $56 million at current prices. The company’s average purchase…

Palo Alto, CA – Sekai, an innovative AI-driven platform for multiplayer storytelling, has successfully closed a $3.1M seed round, led by Hashed and supported by a16z CSX, Azuki, Orange DAO, and Zypsy. Sekai, which was recognized as a winning project at ETHDenver, is redefining storytelling by allowing creators and fans to co-create immersive story worlds in minutes.—Founded by former Coinbase Software Engineer Kaiser Kim, Sekai leverages both generative AI and the Story blockchain to offer a groundbreaking approach to narrative creation. Unlike traditional storytelling, where content is often locked behind monopolistic IP structures, Sekai turns storytelling into a multiplayer experience—empowering…

Alameda Research is still transforming its holdings. A series of transactions showed a movement of Worldcoin (WLD) into Binance. Alameda Research is still transforming its wallets, ahead of the expected repayment to FTX creditors. On-chain activity shows renewed movements of Worldcoin (WLD) to Binance, potentially for liquidation. WLD has been one of the known holdings of Alameda, though the amount after the liquidation is relatively small compared to the overall payments of FTX. Alameda has been selling WLD for the past three months, liquidating a total of 1.7M tokens estimated at $2.48M. Alameda has liquidated WLD at an average price…

After a brief dip below the $60,000 mark on October 10, Bitcoin (BTC) has regained momentum, inching closer to its all-time high (ATH) of $73,700, reached in March of this year. This price recovery follows considerable volatility experienced by the largest cryptocurrency on the market throughout the year, with significant price swings, including sharp falls of almost 20% on 5 August and 6 September. Despite these setbacks, indicators suggest that the bull run that investors have been anticipating for the last quarter of the year may still be on the horizon. Crypto analyst Ali Martinez recently highlighted BTC’s recovery just…

The increased size of leveraged MicroStrategy (MSTR) exchange-traded funds (ETFs) and the flows they attract are having a more pronounced effect on the company’s stock and crypto markets than before, JPMorgan (JPM) said in a research report on Wednesday. These ETFs played a significant role in amplifying the stock’s near-60% rise in November, the bank said. November saw a record of almost $11 billion flow into U.S. spot bitcoin (BTC), spot ether (ETH) and leveraged MicroStrategy ETFs combined, the report said, with the leveraged MSTR ETFs accounting for $3.4 billion, or almost a third, of the total. “This highlights the…