[ad_1] The crypto market remains in prolonged consolidation with the overall market cap approaching $3 trillion as analysts eye a possible bitcoin (BTC) breakout that could push the market higher. Bitcoin hovered near $95,00 on Thursday, while ether (ETH), BNB Chain’s BNB and Solana’s SOL remained stagnant. XRP and Cardano’s ADA dropped 2%, while dogecoin (DOGE) fell 3%. Spot bitcoin exchange-traded funds (ETFs) lost $56 million on Wednesday, breaking an eight-day streak that saw nearly $3 billion flow into these U.S.-listed products. Markets have been generally range-bound in the past week, setting the course for what could be an explosive…
Author: NBTC
[ad_1] Sonic, one of the fastest-growing blockchains for stablecoin activity, is set to transition from bridged USDC to native USDC and integrate Circle’s Cross-Chain Transfer Protocol V2 (CCTP V2). The upgrade is expected to begin with a bridging pause on May 6, with full deployment completed approximately a week later, Sonic Labs announced. Launched in December 2024, Sonic has quickly become a leading hub for bridged USDC, boasting over $480 million in bridged USDC and $1 billion in total value locked. The upcoming shift to native USDC (USDC) aims to further streamline liquidity and offer developers a more consistent user…
[ad_1] Gaming has come a long way. What used to be just a hobby or pastime is now a real way to earn moneythanks to blockchain-powered play-to-earn (P2E) games. These games blend fun, digital ownership, and decentralized finance to create a space where players aren’t just entertained, they’re rewarded. But how exactly does it work? And how can you actually start earning from it? Let’s break it down. What Are Blockchain P2E Games? Play-to-earn games are built on blockchain technology, which means they run on decentralized networks like Ethereum, Polygon, or BNB Chain. These games reward players with cryptocurrency or…
[ad_1] Kuwaiti authorities are cracking down on illegal crypto mining, with over 60 individuals now under investigation, as part of a sweeping campaign to root out unlicensed operations. The country’s Public Prosecution confirmed the investigations are ongoing and warned that more suspects could be identified in the coming weeks. The “security operation,” carried out last Friday, targeted residential properties across the country suspected of hosting mining rigs, according to local media. The operation was coordinated by top officials, including Acting Prime Minister Sheikh Fahad Al-Yousef and Minister of Electricity Dr. Subaih Al-Mukhaizeem. The government said it aims to curb unauthorized…
[ad_1] On Wednesday, Bitcoin spot ETFs recorded their first net outflow since April 16, halting an eight-day streak of consistent inflows. The outflow marked a notable reversal after the funds collectively attracted over $2 billion in net inflows during the prior eight trading sessions. Bitcoin ETFs Face $56 Million Exit Amid Sideways Price Action Yesterday, the total net outflow from BTC spot ETFs came to $56.23 million. This sudden shift in funds flow suggests a potential cooldown in institutional demand following a sustained period of accumulation. Total Bitcoin Spot ETF Net Inflow. Source: SosoValue BTC’s price consolidation since April 25…
[ad_1] Ripple’s stablecoin, RLUSD, has officially hit a major psychological and economic milestone, surpassing $300 million in market capitalization. The latest numbers show the market cap at $316.98 million, with the stablecoin holding its price at $1. Right now, according to CoinMarketCap, RLUSD is ranked 12th among all stablecoins. This puts Ripple’s asset in a strong position, especially since it is so new and has a pretty small holder base. Another interesting thing to note is the volume-to-market cap ratio of 12.08%, which is quite active for a stablecoin category. One interesting thing about RLUSD is that it does not…
[ad_1] Nexpace, a blockchain company backed by South Korean gaming giant Nexon, announced Thursday that its Web3 expansion of the popular MapleStory franchise will launch on May 15. The new game, MapleStory N, will blend the franchise’s traditional 2D side-scrolling gameplay with crypto assets on the Avalanche blockchain, allowing players to own and trade in-game assets on-chain. The studio has launched its own dedicated Avalanche L1 chain called Henesys, which went live in April. “The launch of MapleStory N marks the culmination of years of development, rigorous user testing, and unwavering community support,” said Nexpace CEO Sunyoung Hwang, in a…
[ad_1] Bitcoin (BTC) mining companies with high-performance computing (HPC) exposure underperformed the world’s largest cryptocurrency for the third month in a row in April, Wall Street bank JPMorgan said in a research report on Thursday. Some bitcoin miners have pivoted into new business areas, such as offering HPC services to the fast growing artificial intelligence (AI) market, to reduce their dependence on crypto. “We note miners with HPC exposure (IREN, RIOT, WULF, HUT) underperformed BTC performance for the third consecutive month,” analysts Reginald Smith and Charles Pearce wrote. Mining profitability fell in April as the network hashrate increased. Daily block…
[ad_1] Deputy Director of the CIA Micheal Jayellis said the CIA views Bitcoin and other cryptocurrencies as a tool they can use for payments. He said Bitcoin and other digital assets were “another tool in the tool box.” He also noted the agency aims to give President Donald Trump a decisive intelligence advantage for his decision making. Jayellis also argued that Bitcoin was pseudonymous despite popular belief the digital assets were anonymous. CIA’s Deputy Director says the agency uses Bitcoin for payments The CIA views Bitcoin as a tool they can use for payments. I sat down with @michaeljayellis, Deputy…
[ad_1] The Algorand price experienced significant growth on April 27, 2025, driven by a major announcement from the Algorand Foundation. This important development concerns the collaboration with World Chess and the launch of an innovative project called Universal Chess Passport. The news was spread via a tweet by Cas Abbé, who highlighted the exceptional scalability of the Algorand network, evidenced by over 6 million transactions already processed in collaboration with the world of chess. As a result, Algorand is increasingly establishing itself as a high-performance blockchain with a solid infrastructure for high-volume use cases. The Universal Chess Passport initiative aims…