Author: NBTC
Ethereum has shed 18% of its value over the past month. As its price continues to slide, the percentage of ETH’s supply held in profit has fallen to its lowest level since October, signaling mounting challenges for the altcoin. With the strengthening of selling pressure, ETH holders may record more short-term losses on their investments. Ethereum Holders Count Their Losses ETH’s double-digit decline has pushed its price below the crucial support formed at $3,000. The altcoin currently trades at $2,640 and remains under significant bearish pressure. The recent price drop has pushed many Ethereum holders into the red. According to…
A coalition of software firms recently launched Nigeria’s first compliant stablecoin, cNGN, which is now included in the Nigerian Securities and Exchange Commission incubation program. Stablecoin to Bring ‘Stability’ to Nigeria’s Digital Economy A coalition of software firms recently launched what has been described as Nigeria’s first “compliant” stablecoin, cNGN. The stablecoin, which is now included in the Nigerian Securities and Exchange Commission incubation program, is reportedly live on two of the country’s only licensed digital asset exchanges. Adedeji Owonibi, director of the stablecoin project, said it took his team three years to achieve this milestone. He also disclosed that…
Amber Group increased its HYPE holdings to 730,749 tokens worth $16 million. HYPE token price plunged by around 15% in the last week, trading above $21. The broader crypto market had a slow start for 2025, contrary to the short bull run we witnessed in December 2024. While Bitcoin is trading at the usual $94K price level, Ether hasn’t yet recorded any significant price surge, trading at $3.3K. Meanwhile altcoins have also had a dull start, except for a few memecoins and AI agent tokens. Hyperliquid token witnessed significant price surge of 100% in 2024, following its remarkable airdrop of…
Major CEXs have witnessed a significant decline in spot trading volume compared to the volume recorded in December 2024. The top exchange in terms of change rate was HTX, with negative 8% while Bitget trailed behind with -46%. The derivative trading volume decreased by 17% month-over-month. Major crypto centralized exchanges witnessed a 25% drop in spot trading volume in January 2025 compared to the figures recorded in December 2024. Data collected and compiled by a WuBlockchain team shows that the top three exchanges in terms of change rate were HTX with a negative 8%, Kraken with a negative 10%, and…
Analytics platform CryptoRank revealed that Bitcoin’s price has surged by 6% since the beginning of the year. The research firm also reported a surge in XRP (+16%), $ADA (+25%), $XLM (+32%), SUI (+26%), and other L1 assets. The analytics platform also revealed that Bitcoin’s market capitalization rose by 0.48% to reach $3.74T. The data also indicated that BTC’s dominance rose by 0.44%, and the Fear & Greed index rose to 76, indicating extreme market greed. Bitcoin retakes $100k once again Bitcoin began the year with strong momentum, reaching the $99,765 mark and gaining over 6% in price appreciation. The upsurge…
Coinbase’s layer-2 network, Base, has denied allegations of selling its Ethereum (ETH) holdings. Over the weekend, crypto community members pointed out that Base has funneled sequencer fees to Coinbase, sparking concerns about transparency and potential ETH sales. However, Base strategist Kabir Sadarangani refuted these claims, asserting that the accusations of a lack of transparency and potential ETH sales were unfounded. The allegations On Feb. 8, Santisa, the CIO of investment firm Lucidity Cap, raised the alarm that Base has been sending all sequencer fees to Coinbase since its launch. He added: “We don’t know if they sold, but we do…
Cryptocurrency stocks are showing modest increases, signaling a positive start to the day for digital asset-related equities. Among the top performers, Coinbase ($COIN) leads with a gain of 0.82%, followed closely by MicroStrategy ($MSTR) at 0.78%. Marathon Digital Holdings ($MARA) and Riot Platforms ($RIOT) also saw slight upward movements of 1.01% and 0.78%, respectively. These modest gains come amid a mixed session for major technology stocks, highlighting the distinct performance patterns between the two sectors. Crypto stocks are slightly up in pre-market trading$COIN +0.82%$MSTR +0.78%$MARA +1.01%$RIOT +0.78%$DJT (Trump Media) -0.59%Meanwhile, major tech stocks had a mixed session:$MSFT +0.13% | $META…
Several prominent Philippine banks are set to launch a multi-bank peso-backed stablecoin called PHPX this year. The initiative will use the Hedera Distributed Ledger Technology (DLT) network, which offers the potential to improve cross-border payments, particularly remittances, for Filipinos working abroad. The collaboration includes UnionBank of the Philippines, Rizal Commercial Banking, Cantilan Bank, and Rural Bank of Guinobatan. With PHPX, Filipinos abroad will be able to send money directly to their family members’ bank accounts, digital wallets, or even make direct payments for school tuition and other financial obligations. The goal is to make remittances more convenient and efficient, allowing…
An X user going by the name AB Kaui Dong sounded the alarm early Tuesday, when he noticed suspicious onchain activity by the world’s largest cryptocurrency exchange, Binance. “The most discussed topic among peers today should be Binance, which is selling off a large amount of its own BTC and ETH assets,” Dong said. “Most currencies have been converted into the stablecoin USDC.” Although Dong acknowledged that the assets were not user funds and belonged to Binance, the allegations gained traction and were reported by major crypto publications such as Cointelegraph. Binance was suddenly being accused of having sold off…
Bitcoin investors and analysts constantly seek innovative tools and indicators to gain a competitive edge in navigating volatile market cycles. A recent addition to this arsenal is the Pi Cycle Top Prediction chart, now available on Bitcoin Magazine Pro. Designed for professional and institutional investors, this chart builds on the widely recognized Pi Cycle Top indicator—a tool that has historically pinpointed Bitcoin’s market cycle peaks with remarkable accuracy. The Pi Cycle Top Prediction tool helps estimate when Bitcoin’s bull market may be nearing its end. Understanding the Pi Cycle Top Prediction Indicator The Pi Cycle Top Prediction chart enhances the…