Author: NBTC
As of mid-February 2025, 12 U.S. spot bitcoin exchange-traded funds (ETFs) hold $114.41 billion in bitcoin, representing 5.94% of the leading crypto asset’s market cap. While retail investors have access to these funds, the following editorial examines the financial titans accumulating sizable bitcoin ETF shares. 12 ETFs Now Control Nearly 6% of Bitcoin’s Market Cap When people claim that Blackrock, Fidelity, and Ark Invest own vast quantities of bitcoin (BTC), it is more accurate to note that the investors in their exchange-traded funds (ETFs) own the BTC, while these firms act solely as custodians. Since Jan. 11, 2024, this group…
Shares of Bitcoin miner Bit Digital climbed 7% after the company reported more than a 140% revenue jump in 2024, fueled by its growing cloud services segment. Bit Digital’s latest financial results suggest a major shift is underway as its expanding cloud services and high-performance computing operations appear to be reshaping its revenue mix. In a press release on Friday, March 14, Bit Digital reported $108.1 million in total revenue for 2024, a 141% increase from the previous year. The company’s management attributed the surge to the successful rapid expansion of its HPC business. Data shows that cloud services, which…
XRP is currently at a pivotal moment in its cycle, and investors who hold at least 1,000 XRP tokens could position themselves for gains later on. For context, major developments such as the growing anticipation of a spot XRP exchange-traded fund (ETF) and speculation that XRP could become part of a proposed U.S. digital asset stockpile are driving increased investor interest. While XRP has been around for over a decade, data suggests that the market is still in its early stages in terms of adoption, making this a prime opportunity for investors to accumulate at least 1,000 XRP before mainstream…
Heroes of Mavia, a blockchain-based mobile strategy game that launched in early 2024, has seen the price of its token surge over the last week ahead of teased upgrades and expansion plans from creator Skrice Studios. The MAVIA token on Ethereum has spiked by 430% over the last week, according to data from CoinGecko, reaching a current price of $0.61. It’s the largest gainer by far in CoinGecko’s Gaming (GameFi) category during that span. Granted, the token’s price had plunged substantially over the last year since it launched in February 2024. MAVIA peaked at a price of $10.59 just a…
Layer-2 (L2) networks are coalescing around dominant tech stacks rather than working toward universal standards, research from onchain explorer Blockscout reveals. Speaking with Decrypt in a video interview, Ulyana Skladchikova, head of product; and Kirill Fedoseev, head of research at the open-source explorer, revealed how a shift toward technical “clustering” is happening, despite overall transaction growth. “We see chains kind of get together around some big players and establish interop within those groups of chains,” Skladchikova said. The OP stack, for instance, has emerged as a dominant player in the L2 sector, with most networks using its tooling, real-time data…
Bitcoin’s price has been consolidating in a tight range, giving no indication about whether it’s going to recover or experience a deeper correction. Figuring out whether there is an accumulation or a distribution happening would be key to determining the future direction of the market. Technical Analysis By Edris Derakhshi (TradingRage) The Daily Chart On the daily chart, the price has been moving sideways since breaking below the $100K level, while also being supported by the $92K level. While the RSI has been showing values below 50%, which indicates the momentum is bearish, the market still remains above the 200-day…
The DePIN sector has witnessed a remarkable growth over the past twenty-four hours. As per the data from Phoenix Group, the prominent DePIN projects in line with the social activity during recent 24 hours include $TAO, $ICP, and $RENDER in the top positions. The crypto analytics firm shared the statistics of these projects in an exclusive X post. TOP #DEPIN PROJECTS BY SOCIAL ACTIVITY$TAO $ICP $RENDER $THETA $FIL $EGLD $HNT $AKT $AR $XYO pic.twitter.com/sG4ZTC5LTD — PHOENIX – Crypto News & Analytics (@pnxgrp) February 15, 2025 $TAO Tops in Social Activity Among DePIN Projects with 5.7K Engaged Posts and 1.5M Interaction…
This is a segment from The Drop newsletter. To read full editions, subscribe. An interesting thread keeps popping up in conversations I’ve been having here on the crypto side of the Game Developers Conference. What I’m hearing is that gamers and builders have come full circle and changed their stance on Axie Infinity, a 2D creature-battler sometimes criticized for being overly simplistic or having repetitive gameplay. But these days, general sentiment toward it is more positive than it’s been in years. A few years ago, aspiring crypto game devs wanted to make a new reputation for the space, for which…
StratifyX, an open-source AI-driven platform serving for the quantitative strategies’ secure, automated, and decentralized development, has announced a strategic collaboration with INTO, an innovative Web3 entity advancing decentralized data ownership. 🚀 @StratifyX_AI x @intoverse_ Partnership 🎉StratifyX teams up with INTO, a Web3 ecosystem uniting social, DeFi & digital commerce.This collaboration boosts AI-driven insights & cross-chain analytics, empowering smarter investments in Web3.Stay tuned! #StratifyX #INTO pic.twitter.com/ZBrR13EGst — StratifyX (@StratifyX_AI) March 17, 2025 The partnership is set to expedite Web3’s growth with the advancement of cross-chain analytics and the AI-led insights. The mutual endeavor enhances cross-chain analytics and AI-led insights. StratifyX and…
Bitcoin continues to experience heightened uncertainty as market dynamics shift, driven by macroeconomic factors, regulatory developments, and varying institutional engagement levels., with conflicting price predictions, decreasing network activity, and increased institutional engagement creating a complex landscape for investors. As experts debate the cryptocurrency’s future trajectory, the potential impact of these developments on Bitcoin’s market performance remains a focal point for the industry. Bitcoin Network Activity Decline Sparks Concern Recent reports indicate a significant decline in Bitcoin network activity, with a 15% drop in transaction volumes and a 20% decrease in active addresses over the past month, with on-chain metrics revealing…