Author: NBTC
Base, the layer-2 network of the largest American crypto exchange, Coinbase, is facing tough times following the chain’s strong entrance into the market over a year ago. Data from the market analytics platform IntoTheBlock shows that the Base ecosystem is under pressure, a challenge driven by the market’s recent dip. Base Ecosystem Under Pressure After reaching a peak of $4 billion in total value locked (TVL) in mid-December 2024, Base is now struggling with a TVL of $3.2 billion, according to data from decentralized TVL aggregator DeFiLlama. Base’s transaction volume has also fallen from $2.2 billion in mid-December to $852…
Bitcoin’s position as a store of value (SoV) has reached a new milestone. The SoV Index, which measures the amount of capital stored in Bitcoin, hit $1.03 trillion on December 29, 2024. Crypto analyst Ki Young Ju highlighted this achievement on X, noting Bitcoin’s growing recognition as a digital asset with long-term value. #Bitcoin serves as a Store of Value (SoV).So, how much capital is stored on the network? Combining off-chain and on-chain data, the estimate is $1.03T, up 85% this year. pic.twitter.com/87db5xgK3k — Ki Young Ju (@ki_young_ju) December 30, 2024 Read also : Goldman Sachs CEO: Bitcoin Could Serve…
Jason Fang, the founder of Sora Ventures, unveiled the MicroStrategy 2.0 framework for Asia during the Consensus Hong Kong 2025 event. The reveal shows Bitcoin’s worldwide mainstream adoption is rapidly gaining momentum at the corporate level. Jason revealed a promising outlook for Bitcoin adoption in Asia through his MicroStrategy 2.0 framework during the Consensus Hong Kong 2025 event. The executive presented an innovative method for generating Bitcoin yield through structured products. Jason Fang reveals Asia’s MicroStrategy 2.0 framework At Consensus Hong Kong, Jason Fang, Founder of Sora Ventures, unveiled the MicroStrategy 2.0 framework for Asia, presenting an innovative method for…
The recently launched Destra crypto, DSYNC, leaps as high as 32% following an announced 0% tax from Destra. DSYNC is the native token of Destra network, a decentralized AI computing platform. According to data from CoinGecko, DSYNC has gone up by more than 30% in the past day of trading. At the time of writing, it is trading hands at $0.406. At the beginning of December, DSYNC reached a new all-time high, surging to more than half a dollar. The token’s current price is only 22% lower than its recent ATH. In the past week, DSYNC has been on an…
Russia’s Supreme Court has taken a significant step toward defining the legal status of cryptocurrencies, advancing efforts to classify digital assets as property in criminal proceedings. The development, reported by Russian news agency Tass, is part of the country’s latest efforts for legal clarity in its handling of crypto-related crimes. At a recent meeting attended by judges and Russian President Vladimir Putin, Chief Justice of the Supreme Court Irina Podnosova said there is a need for a legal framework that addresses cryptocurrencies in criminal activities. She noted that the increasing prevalence of digital currency in the economy has led to…
Multiple Network advanced Web3 and AI by forming a strategic partnership with the decentralized multi-chain data network Unmarshal AI. The joint initiative will make blockchain data more accessible and create better privacy acceleration features while using AI applications enabled by real-time multi-chain data across 55+ blockchain networks. ♥️Strategic Partnership: Multiple Network x Unmarshal AI ♥️We’re thrilled to partner with Unmarshal AI (@UnmarshalAI)! 🤝Unmarshal AI is a decentralized multi-chain data network that provides real-time, accurate blockchain data across 55+ chains. By leveraging AI-driven… pic.twitter.com/JSjPUNiVBY — Multiple Network (@MTP_Network) February 21, 2025 The alliance is an important advancement for Web3 because each…
Bitcoin’s market cap stands at $1.85T, with $34.56B in 24-hour trading volume. Breaching $92K could lead to further declines, while $98K remains a critical resistance. Bitcoin’s price dipped below $94,000, currently trading at $93,834.39. The cryptocurrency faced a sharp decline from its all-time high of $108,364 on December 17 to $92,118, signalling strong selling pressure in recent days. The market remains volatile as traders react to heightened market uncertainty. The market cap of bitcoin has dropped to $1.85 trillion, down 1.27% in the last 24 hours. The trading volume surged to $34.56 billion, reflecting a 49.45% increase. Its fully diluted…
Ethereum (ETH), the leading altcoin, has faced severe price resistance at the $3,200 level for the past 30 days. Since the beginning of February, when ETH dropped below $3,000, Ethereum whales have maintained an optimistic outlook on the asset. Whales buying Ethereum amid price resistance Recent developments suggest Ethereum whales are actively accumulating amid price fluctuations, possibly taking advantage of the price slump. TraderPA, an on-chain analyst on X, spotted a correlation between the dip in ETH and their accumulation pattern among whales. Notably, on the chart shared by TraderPA, as ETH prices started declining, the volume of accumulations by…
A widely shared chart showing a sudden spike in China’s M1 money supply has fueled speculation across Crypto Twitter. Many interpreted the data as evidence of an unprecedented liquidity injection. However, analysts, including Benjamin Cowen, have clarified that the surge is due to a reclassification of how the metric is calculated, not an actual increase in circulating money. Viral Chart Sparks Speculation The chart, sourced from TradingView, shows China’s M1 money supply jumping from approximately 67 trillion yuan to 112.45 trillion yuan virtually overnight, an apparent surge of 67.59%. This led to speculation that the Chinese government had injected massive…
The Shiba Inu community has made another successful effort at burning SHIB meme coins, pushing the burn rate up significantly. In the meantime, the price of the second largest canine-themed cryptocurrency Shiba Inu has spiked by almost 8%. SHIB burns jump 105%, here’s how much was removed The Shibburn tracking platform spreads the word that over the past day the SHIB community has succeeded in disposing a large amount of meme coins, which resulted in the burn rate surging by slightly more than 105%. The number of meme coins burned totals 1,877,749 SHIB. From this amount, a 1,000,707 SHIB batch…