Author: NBTC

This is the fifth article in a series deep diving into individual covenant proposals that have reached a point of maturity meriting an in-depth breakdown. OP_CAT, put forward for reactivation in tapscript by Ethan Heilman and Armin Sabouri in BIP 347, is not a covenant. It was an opcode that was originally included in the first release of Bitcoin for manipulating data elements on the stack. It was deactivated in 2010 with the release of Bitcoin 0.3.10 along with a number of other opcodes due to concerns of denial of service attacks that could crash nodes. A global maximum limit…

Ethereum (ETH) price has surged strongly in the past 24 hours, crossing the $2,600 mark with notable momentum. The second-largest cryptocurrency by market cap has gained over 60% in the past 30 days. This performance places ETH as the leading altcoin among the top five cryptocurrencies. The Ether is now trending higher after spending a short time in consolidation. In the last seven days, ETH has advanced by more than 5%. If the current buying pressure continues, the Ethereum price could soon test the $3,000 psychological price point. BTC, SOL, and XRP have kept moving upward over the weekend. At…

Kaito, an AI social media tokenization project, claimed today that it hasn’t sold any tokens since February. It terminated its agreement with Web3Port, a market maker, over unspecified disputes. Nonetheless, KAITO has staged a remarkable comeback in the past month, climbing more than 150% in 30 days. Exchange listings and token staking may help build momentum, but the core product still has issues. KAITO Token Controversy and Market Maker Dispute Kaito made headlines with its prominent airdrop in February, but things have been very rocky since. The airdrop’s tokenomics attracted harsh criticism from the community, and immense selling pressure quickly…

Meta Pool, one of the leading decentralized finance (DeFi) platforms on NEAR Protocol, recently held a 72-hour hackathon in Lima, Peru, in collaboration with NTT Data and NEAR Dev. Key Takeaways The hackathon revealed the high level of technical talent in Latin America, especially in blockchain and artificial intelligence. 17 innovative projects were developed, addressing local issues such as agriculture and digital identity. Meta Pool is committed to strengthening the NEAR ecosystem in the region through ongoing support for new developers. The event brought together over 90 developers and nearly 20 teams to create tech solutions aimed at solving local…

Ethereum (ETH) has shown little price movement over the past two weeks despite the broader cryptocurrency market displaying bullish momentum. This stagnation in ETH’s price comes at a time when selling activity has intensified. These factors suggest a cautious short-term outlook for Ethereum as the week continues. Ethereum Investors Secure Their Profits Recent data indicates significant selling pressure on Ethereum. Over the last 48 hours, investors have sold more than 225,779 ETH tokens. This volume translates to a supply worth approximately $576 million, reflecting a rapid pace of offloading. Such extensive selling indicates reduced investor confidence. Many appear to be…

21Shares, a leading cryptocurrency exchange-traded product provider, is partnering with Sui to bring the blockchain network’s native token to more users. Sui (SUI) and 21Shares have struck a strategic partnership that will see the exchange-traded funds issuer help expand SUI’s adoption across the globe. The collaboration, revealed on Wednesday, May 14, comes as the ETP provider, which has a significant digital assets presence in Europe, seeks to expand into the U.S. market. According to team Sui, Switzerland-based 21Shares is leveraging Sui to enter the American market. Institutional adoption of Sui amid fresh traction for decentralized finance and real-world assets could…

Hyperliquid recently surpassed the trade volume of perpetuals exchange dYdX, reaching $1.5 trillion. Despite being a much newer platform, Hyperliquid’s token buybacks and lack of cash incentives have provided long-term stability. To be fair, Hyperliquid has also been involved in much larger controversies, famously delisting JELLYJELLY in response to a short squeeze earlier this year. Nonetheless, the platform has been rebuilding its reputation and generating high volume. Hyperliquid Trading Volume Surpasses dYdX Hyperliquid, a high-performance L1 trading blockchain, has been enjoying many successes recently. Earlier this month, it captured more than 60% of the perpetuals trading market, and its HYPE…

The total value locked (TVL) in Base, the Ethereum Layer 2 (L2) network developed by Coinbase, has more than doubled over the past year. Base’s TVL has increased from $3.9 billion to $8.4 billion over the last 12 months, according to data from Token Terminal. The surge has made Base the leading L2 blockchain by ecosystem TVL – this refers to the total U.S. dollar value of assets deposited in applications across a blockchain. For context, Ethereum’s ecosystem currently holds $213.9 billion in TVL. In the past month alone, Base’s TVL has grown by nearly 16%, according to data from…

Institutional capital is already fueling Bitcoin’s rise, with forecasts topping $700,000. Bitcoin’s halving cycle and global liquidity boost could drive price to $250,000. Bitcoin’s role as a decentralized refuge boosts long-term price forecasts. Bitcoin enters May 2025—a month closely watched for market direction—including a flurry of bold price predictions from top financial analysts. A growing consensus points to institutional capital not just arriving, but actively shaping Bitcoin’s trajectory for the remainder of the year. While specific price targets vary widely, the underlying theme is consistent: Bitcoin is becoming integrated into mainstream finance and could reach valuations previously thought unlikely. 📊…

XRP overtook Bitcoin and Ethereum in the country’s trading volume of major exchanges such as Upbit and Bithumb. Kimchi Premium and strong retail demand, in combination, paved the way for the market dominance of XRP in the area. Analysts believe XRP is poised to rise further, and price targets seem to be all over the place, from $ 5.50 to $ 30, based on long-term technical patterns. XRP has soared above Bitcoin ($BTC) and Ethereum ($ETH) to become the most traded cryptocurrency in leading South Korean exchanges. According to data by CoinMarketCap, XRP made $1.2 billion in retail trading volume…