Author: NBTC

The Crypto Fear and Greed Index dropped to 25 yesterday, signaling “Extreme Fear” in the cryptocurrency market. Yet, an analyst suggests that the current panic might be exaggerated, largely driven by recency bias. This comes as Bitcoin is navigating market volatility triggered by broader macroeconomic conditions. The leading cryptocurrency has fallen 11.4% year to date, reflecting the wider sentiment of fear and uncertainty. Is the Recency Bias Inflating Fear Around Bitcoin’s Price? In the latest X (formerly Twitter) post, analyst Lark Davis highlighted an interesting trend in the Crypto Fear and Greed Index. This sentiment gauge measures market emotions from…

A few days ago, some altcoins listed on Binance experienced sudden and sharp declines. While these declines caused investors to suffer major losses, these declines continue to be one of the main agenda topics in the market. While ACT, a memecoin based on Solana (SOL), one of the altcoins that experienced a sharp and sudden decline, attracted attention with its drop exceeding 70%, an official statement came from the ACT team. While explaining the reason for the decline in its statement, the ACT team stated that the foundations of the ACT project were solid and that there were no problems.…

With millions lost to crypto fraud in Illinois, a new bill aims to tighten regulations in the digital asset space. On Thursday, the Illinois Senate Executive Committee passed Senate Bill 1797, the Digital Assets and Consumer Protection Act, which seeks to regulate digital asset businesses within the state. The bill, first introduced in February by State Sen. Mark Walker (D-Arlington Heights), aims to address the mounting problem of crypto fraud, which led to over $163 million in losses in Illinois alone in 2023, as per a Thursday statement. “The rise of digital assets has opened the door for financial opportunity,…

This is a segment from the Lightspeed newsletter. To read full editions, subscribe. XNET, a Solana-based project building a decentralized network of Wi-Fi hotspots, has partnered with US telecom giant AT&T. The collaboration will enable AT&T to offload mobile data traffic onto XNET’s network, the team told Lightspeed exclusively. XNET sells Wi-Fi hotspots that businesses and public spaces can deploy in exchange for XNET token rewards. Together, the patchwork of hotspots makes up a distributed wireless network. XNET partners with cell carriers to offload mobile data onto its hotspots where available, easing network congestion and improving coverage — while the…

Ted, a well-known crypto key opinion leader (KOL), has identified a buy signal that could potentially drive Bitcoin to unprecedented prices. The prominent market analyst shared that the Bitcoin Hash Ribbon has flashed a buy signal on the weekly timeframe. According to him, the largest cryptocurrency by market cap could surge to uncharted territory on account of the bullish indicator. Notably, the assertion comes when Bitcoin has struggled to sustain an upward trajectory. The asset’s price action has been inconsistent in the past weeks, as sideways macroeconomic trends have clamped down on all bullish attempts by the premier asset. Buy…

First Digital USD ($FDUSD), a well-known stablecoin pegged to the USD, has witnessed a brief loss of peg. As per the data from Lookonchain, $FDUSD has recently plunged to $0.8726, resulting in huge withdrawal by Wintermute, a popular crypto market maker platform. The on-chain data firm provided the details of this incident in a recent X post. FDUSD briefly depegged to $0.8726 after bankruptcy news.After the depeg, #Wintermute withdrew 31.36M $FDUSD from #Binance.Assuming they bought $FDUSD near the bottom at $0.90, they would make over $3M when $FDUSD returned to the peg.https://t.co/Sm1quGE1WR pic.twitter.com/5mE6MGj9hw — Lookonchain (@lookonchain) April 2, 2025 $FDUSD…

As crypto-related bills barrel through Congress with the ambitious goal of passage by August, the potential implications of that legislation are only beginning to crystallize. One such bill, for instance, would seek to amend foundational U.S. securities laws to formally carve out most crypto assets from the definition of “security”—a bold move with little precedent in the history of Congress, at least since such laws were first written at the outset of the New Deal in the 1930s. The bill, dubbed the Securities Clarity Act, was reintroduced in the House last week by House Majority Whip Tom Emmer (R-MN), a…

Zypher Network, a leading ZK Computing Layer for Trustless AI agents, has announced its strategic collaboration with ElizaOS, a reliable operating System for AI Agents. Through this collaboration, both firms aimed at creating the first zero-knowledge computing layer which focuses on trustless AI agents and large decentralized applications (dApps). This innovation introduces a data security handling structure based on distributed mining architecture. The computing layer implements Proof of Prompt and Proof of Inference as main mechanisms. These mathematical functions boost data authentication and verification while protecting user privacy. AI agents process prompts and output responses through their components which protect…

While some policymakers have described Bitcoin as a store of value, its recent price action seems to suggest it’s being treated more like a high-beta tech stock. Despite numerous opinion leaders, including Federal Reserve Chair Jerome Powell, describing Bitcoin (BTC) as a safe haven asset and a potential alternative to gold, its recent price behavior has led some to compare it to tech stocks, analysts at Swiss crypto bank Sygnum suggested in a recent market outlook report. However, Bitcoin’s price is primarily driven by its perception as a store-of-value asset, not from tech-related applications on its network, the analysts note.…

The team behind interoperability protocol Hyperlane shared Thursday their upcoming token airdrop plans happening at the end of the month. The airdrop will occur on April 22, and users can check their eligibility to receive $HYPER tokens via a portal provided by the Hyperlane Foundation by April 13, the team shared in a press release with CoinDesk. The token distribution will mostly go to the community, with 57% of the supply going to users, while the remaining circulating tokens will be distributed to the core team (25%), investors (10.9%), and the foundation’s treasury (7.1%). The team also shared that the…