Author: NBTC
Democrat Ruben Gallego won the Arizona Senate seat defeating Republican Kari Lake. While Democrats lost control of the Senate in the 2024 election, Gallego’s win stemmed some of the losses. Republicans will control 53 seats for at least the next two years, having flipped Pennsylvania, Ohio, Montana and West Virginia last week. The crypto-focused super political action committee, Fairshake, was heavily involved in the Ohio race in particular, supporting Republican Bernie Moreno to the tune of $40 million. Gallego, a congressman from the Grand Canyon State, voted in favor of the Financial Innovation and Technology for the 21st Century Act…
Bitcoin (BTC), the largest cryptocurrency, is on the verge of reaching a major milestone. Its Energy Value, a raw value of electricity required for mining, is approaching $100,000 for the first time ever. The Energy Value model author masterfully predicted this five years ago. Bitcoin (BTC) hits $100,000 in energy value, model works like clockwork Bitcoin Energy Value, i.e., the intrinsic value of BTC as priced by raw Joules of electricity used in its mining ecosystem, is setting new highs. Very soon, it might hit $100,000 for the first time in almost 16 years of Bitcoin (BTC) history, says analyst…
Ripple recently transferred 470 million XRP, sparking market speculation over the transaction’s purpose. This significant transfer to an undisclosed wallet comes amid renewed bullish sentiment around XRP, especially following Donald Trump’s reelection today. Potential Reason Behind Ripple’s XRP Movement According to Whale Alert data, Ripple transferred 470 million XRP tokens worth $250.45 million to the wallet address, rP4X2…sKxv3. While the firm has not clarified the purpose of this large XRP transfer, on-chain data reveals that this unknown wallet later moved 100 million XRP, valued at $53.27 million, to another address (rhWt2…E32hk). 🚨 🚨 🚨 🚨 🚨 🚨 🚨 🚨 🚨…
South Korea’s Opposition Party Rejects Proposal to Delay Crypto Taxes Until 2027 The Democratic Party of Korea, South Korea’s opposition party, has voiced its opposition to delaying the planned capital gains tax on virtual assets until 2027. Noh Jong-myun, the floor spokesperson for the Democratic Party, recently expressed the party’s stance against a proposed two-year postponement by the government and ruling party. This opposition highlights a political divide in South Korea over the regulation and taxation of cryptocurrencies, amid a period of rapid growth and increasing interest in digital assets. The ruling party has suggested deferring the implementation of crypto…
Six years ago, a tweet from Tesla CEO Elon Musk started one of the influential events in the adoption of Bitcoin. On October 28, 2017, Musk casually asked his followers, “Want to buy some Bitcoin?” Today, Bitcoin’s value has reportedly surged by roughly 1,000% since that moment, U.today reported. When Musk tweeted about Bitcoin for the first time, his Twitter account was reportedly locked, and some speculated he may have been hacked. At the time, cryptocurrency was still an emerging topic, and Bitcoin was trading far below today’s values. The tweet marked the beginning of Musk’s now well-known involvement with…
Tether will retire USDT from several chains with low activity, planning significant wallet transfers. All the external USDT tokens will revert to Ethereum versions. Tether’s USDT will consolidate on Ethereum, after the main issuer planned a series of chain swaps. Tether warned of the token movements to avoid a market panic. The biggest transfer will be for 1B TRON-based USDT, which will shift to Ethereum. The 1B tokens coincide with the same amount of authorized but not issued stablecoins. TRON’s supply will not change significantly, as the network already expanded to more than 62B tokens. The rest of the chain…
Former Bank of Spain Governor ES Pablo ES Pablo Hernández de Cos will replace Agustín Carstens as general manager of the Bank for International Settlements from July 1. He has called for the European Central Bank to work on its digital currency and was involved in setting global crypto banking rules in 2022. ES Pablo Hernández de Cos, a former governor of the Bank of Spain who has called for the European Central Bank to work on a digital euro, will become the general manager of the Bank for International Settlements in July, the organization said in a release on…
Metacade released its first game, ‘Gangs of Metacadia’ on the Base blockchain. Developed with the assistance of Jamie King, the co-founder of Rockstar Games, the game introduces players to a world of the neon city where power and tactics define the supremacy of gangs. Gangs of Metacadia strategy game enables the player to control five major gangs, each with their attitude and reason behind occupying the country of the futuristic city of Metacadia. Five Gangs Battle for Control in Metacade’s Game Metacadia is home to five rival gangs, each vying for control. Five gangs also surround Metacadia, and they all…
Bitfinex anticipates that the upcoming US presidential election could act as a catalyst for Bitcoin, potentially pushing its price beyond its all-time high of $73,666, in its latest report. The report identifies several factors contributing to this outlook, including a surge in Bitcoin options activity, seasonal strength in the fourth quarter, and the “Trump trade” narrative—linking a potential Republican win with a favorable market impact on Bitcoin and other risk assets. Options premiums and implied volatility for Bitcoin are projected to peak around the election, with volatility expected to reach 100% on November 8. This environment suggests heightened price fluctuations,…
Render (RNDR) surged 50.16% this week despite a 36.42% drop in trading volume, signaling ongoing interest in RNDR. Stacks (STX) saw a 22.55% rise in price but a 59.70% volume decline, hinting at cautious trading behavior. Gala (GALA) experienced a strong 36.85% growth, though trading activity declined by 33.68%, suggesting profit-taking. Over the past week, some tokens have recorded high growth rates. The gain was recorded in Render (RNDR), Gala, Stacks, Flow, and The Sandbox. However, these tokens observe robust market interest even as trading volumes decouple slightly. Render (RNDR) Sees 41.48% Surge in 7 Days Amid Declining Trading Volume…