Author: NBTC

Bitcoin (BTC) has once again surpassed the $100,000 mark reaching an intraday high of $102,514, its first breakthrough above this psychological level since mid-December 2024. $103K Resistance Looms as Bitcoin Climbs to $102,514 Amid Volume Spike This latest bitcoin surge reflects strong bullish momentum, with buyers stepping in decisively to drive prices higher. The 1-hour BTC/USD chart indicates a steady uptrend with clear signs of accumulation around the $97,000–$98,000 range, as evidenced by the consolidation zone seen earlier in the week. Following this consolidation, BTC broke out with a strong upswing accompanied by a significant spike in volume at precisely…

TaoFi, a new DeFi project in the Bittensor ecosystem, has raised a strategic round of funding, led by DCG, with additional participation from Pantera Capital, Taostats, Lyrik Ventures, and other strategic partners.—This funding will enable TaoFi to build foundational AI-powered DeFi primitives on the Bittensor EVM, including the first TAO-backed stablecoin, a decentralized exchange, and a liquid staked version of TAO.“TaoFi is pioneering a critical next step in the evolution of Bittensor, by integrating foundational DeFi infrastructure that unlocks new financial utilities for the deAI network.”Anna Bertha, Investment Lead at DCGAnna continued, “We see TaoFi as a catalyst for pushing…

Ethereum, the second-largest cryptocurrency by market cap, has seen a sharp 36% drop over the past seven weeks. This decline has sparked concern among investors and traders, as fewer ETH holders are now in profit. The negative sentiment is causing many retail traders to sell off their tokens, and with Ethereum underperforming compared to other major cryptocurrencies, questions are rising about its ability to recover. However the scene is changing, in the downtrend, Ethereum has experienced a historic event that could shape its price journey in 2025. Between February 8 and 9, around 224,410 ETH were moved off exchanges—marking the…

According to President Emmanuel Macron, foreign and domestic companies in France have agreed to invest a total of €109 billion ($113 billion) in artificial intelligence projects in the country. The investment is part of the European country’s plan to become a competitive hub for AI development, just as the US is currently. Macron announced the news during a two-day artificial intelligence summit which took place in Paris. Key investors were from private and public sectors The deal includes a mix of new and previously announced investments from Amazon.com Inc., Brookfield Asset Management, and Apollo Global Management Inc. A significant portion…

Cryptocurrency whales are taking advantage of a dip in the price of the native token of the high-performance hybrid exchange Hyperliquid, which is designed to combined elements of centralized and decentralized exchanges. According to data from on-chain analysis service Spot On Chain, crypto finance firm Amber Group has spent a total of $7.22 million to buy 342,845 HYPE tokens at an average price of $21.06, leading to a total holdings of the cryptocurrency of 730,749 tokens. Per Spot On Chain, Amber Group spent near $10 million to accumulate these tokens that are now worth around $16 million. Institutions are seizing…

Welcome to Latam Insights Encore, a deep dive into Latin America’s most relevant economic and cryptocurrency news from the past week. This edition examines how El Salvador is now placing its Bitcoin-focused policy front and center in its international engagements, suggesting that there may be no turning back. Latam Insights Encore: Bragging Means There Is No Turning Back in El Salvador’s Bitcoin Entanglement El Salvador, which became one of the first nation-states to embrace bitcoin almost completely as part of its economic policy, seems to have reached a point of no return when it comes to promoting bitcoin as part…

Haedal Protocol, a Sui ecological liquidity staking platform, has officially launched its Pre-TGE event in collaboration with Sui Wallet. The new campaign was announced after Haedal Protocol launched a similar Pre-TGE event in January, with a prize pool of $3,000 in haSUI which was shared by 100 winners. Haedal Protocol and Sui Wallet’s Pre-TGE Event According to the official statement, participants must stake at least 5 SUI on Haedal by connecting their Sui Wallet and hold the haSUI until the end of the campaign. The TGE campaign will run from February 11 to February 21 and is now live. Participants…

Ethereum’s recent price decline suggests a potential rebound, with technical indicators hinting at oversold conditions. Ethereum’s (ETH) price has dropped to levels that usually signal it might be ready for a rebound, blockchain firm Matrixport says. In a Feb. 11 research note, the analysts pointed out that the Relative Strength Index is now showing signs of oversold conditions, which often point to a potential price recovery. Despite the positive technical signals, the mood around Ethereum remains cautious, to say the least. Short interest in Ethereum has surged by 500% since November 2024. On top of that, just in the past…

Retail traders are driving up the leveraged ETF boom, which has pushed asset weights to a new record of $100 billion. The market risks from AI and crypto have not stopped these traders from continuing to pile into leveraged funds to make trading gains in stocks such as Microsoft, Tesla, and semiconductor companies. Retail traders drive surge in leveraged tech and crypto ETFs As of last week, assets in long equity leveraged ETFs stood at about $95 billion. These funds, designed to magnify stock movements by two or three times, have outpaced their bearish counterparts, which collectively hold just $9…

The new year brings renewed hope for XRP as analysts predict a significant rally if Ripple achieves a positive outcome in its ongoing legal battle with the U.S. Securities and Exchange Commission (SEC). The long-running lawsuit, launched by the SEC in December 2020, accused Ripple of violating securities laws through the sale of XRP to institutional investors. Judge Analisa Torres ruled last year that XRP was not a security, but the SEC appealed the decision, leaving the case in limbo. Carlos Guzman, research analyst at GSR, said a positive ruling could act as a major catalyst for XRP’s price. “If…