Author: NBTC
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…
Cryptocurrency analytics firm Alphractal has revealed an intriguing pattern in its latest report: Increases in Wikipedia page views for “Satoshi Nakamoto” and other dubious candidates often coincide with Bitcoin’s price rallies. The report reveals that during the Bitcoin bull rally, pages of people commonly associated with Satoshi Nakamoto, such as Hal Finney, Nick Szabo, and Dorian Nakamoto, experienced a significant increase in traffic. Alphractal’s analysis shows that Satoshi Nakamoto’s official Wikipedia page saw dramatic increases in views during certain periods of the Bitcoin price frenzy. Interestingly, the most significant increases occurred in October 2017, October 2020, and October 2024, coinciding…
SkyBridge Capital founder Anthony Scaramucci, who supported Kamala Harris against Donald Trump during the election process, said he preferred Solana (SOL) over Ethereum (ETH). Speaking to US media outlet CNBC, Scaramucci stated that Solana would be more successful than Etheruem. He said that his company SkyBridge has some ETH but the majority of his investments are in SOL and that SOL will be more successful in the long run. “This doesn’t mean we own any Ethereum. We hold a small amount of ETH. But we hold more Solana than ETH. We do not have a negative opinion about ETH. My…