Author: NBTC
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Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. While Bitcoin (BTC) may have started out with the perception of “anonymous internet money,” the reality of Bitcoin being transparent-by-design has finally started to take hold in the space. While Bitcoin offers powerful censorship-resistance and decentralization in theory, a lack of accessible privacy features drastically limits its effectiveness in harsher environments. Political dissidents seeking funding, journalists accepting donations, and whistleblowers raising support have all started to realize that Bitcoin is actually the world’s most efficient and largest…
Active loans on Ethereum returned to all-time highs, signaling renewed confidence in the network and its lending protocols. The trend was driven by Aave, but other smaller lenders saw significant growth in the past weeks. Lending on Ethereum continues to rise, surging to a new all-time high. Depending on different metrics, total active loans range between $22.6B and over $24B, with a different selection of protocols included. Based on TokenTerminal data, the trend of expanding lending returned since April, with around $2B in active loans added in June. DeFi lending improved on its recent three-year peak, retaining the growth trend…
According to the latest CME FedWatch Tool data, the probability of a Fed rate cut in July has dropped dramatically to below 5%, amid a better-than-expected job report. This shift could present a challenge for the crypto market. As the likelihood of lower interest rates diminishes, cryptocurrencies could potentially become less attractive to investors. Crypto Faces New Risks as Fed Rate Cut Odds Fall The June US jobs report, released by the Bureau of Labor Statistics, revealed that the unemployment rate fell to 4.1%, down from 4.2% in May and lower than the forecasted 4.3%. “The US Unemployment Rate moved…
This is a segment from The Drop newsletter. To read full editions, subscribe. The 2021-era Ethereum NFT collection Doodles, which some have long considered to be a “blue chip” collection, launched its anticipated DOOD token on Solana this past Friday. DOOD launched, briefly had a market cap of over $100 million, and then abruptly fell to a market cap of roughly $52 million. The token has since held around that point, and sits at a $54 million market cap across about 159,000 wallets as of this morning. Doodles head of strategy and business development Austin Hurwitz told me in a…
Decent Labs, a no-code legal automation service with onchain investor protections, introduced its new tokenization platform designed for U.S.-based startup founders. The Decent platform helps startups meet compliance requirements by automating the technical and legal steps needed to align with current policies and transparency standards. It is designed to support token-based fundraising for early-stage U.S. companies, including non-crypto startups, by lowering entry barriers and offering tools for regulated token launches. The key component of the platform is a new legal and smart contract standard called the Decent Contract for Network Tokens (DCNT). This standard enables founders and investors to customize…
The Smarter Web Company recently added 24.53 BTC to its Bitcoin treasury, vowing to continue its long-term BTC accumulation strategy dubbed ‘the 10 year plan.’ On May 29, the U.K.-listed technology and digital services provider recently invested £2 million or around $2.7 million into Bitcoin (BTC). With this purchase, the firm added 24.54 BTC to its crypto-based treasury, with each Bitcoin valued at approximately $109,828. At press time, the company has amassed a total of 83.24 BTC in its holdings, which is equal to around $8.8 million. While the company’s Bitcoin accumulation strategy is still in its early stages, having…
What Happened to Ethereum Price? Ethereum ($ETH) recently attempted a breakout past the $2,535 resistance zone, but failed to sustain above it. After printing a strong upward move, ETH faced selling pressure and began to retrace, now hovering around $2,491 at press time. The yellow resistance zone near $2,535 has proven difficult to conquer, and the RSI is trending down after reaching the overbought territory. ETH/USD 4-hours chart – TradingView The orange arrow on the chart highlights where the rejection began, while previous green arrows show multiple rebounds off the $2,400 support, emphasizing how critical that level is. Ethereum Price…
A recent survey conducted by HarrisX on June 18-19 reveals significant support from the crypto investor community for Donald Trump’s digital asset policies. The HarrisX survey sheds light on the extent of the influence of Trump’s digital asset policies on the investor community. Support from Crypto Investors for Trump’s Policies The survey was conducted with 1,096 U.S. adults, including 230 cryptocurrency investors. With 73% of cryptocurrency investors expressing approval, this is the highest level of support among all topics surveyed. This reflects strong confidence in Trump’s proposals in this field. Under Trump, the U.S. has shifted to a pro-innovation stance,…
XRP has surged 10% over the past 24 hours to reach $2.6, lifting its market capitalization to approximately $152 billion and reclaiming its position as the third-largest crypto asset, CoinGecko data shows. The surge narrowly pushed Ripple’s flagship currency ahead of Tether’s USDT, which also achieved a major milestone. USDT’s market cap hit $150 billion for the first time on Monday, cementing its role as the leading and most widely used stablecoin in the crypto ecosystem. XRP is now trading at its highest level since early March, though the digital asset remains about 24% below its all-time high of $3.4,…