Author: NBTC

The past seven days have proven tumultuous for digital assets, with decentralized finance (defi) protocols hemorrhaging 12.71% of their locked capital. From the twilight hours of Jan. 31 through Feb. 7, 2025, a staggering $15.088 billion evaporated from the ecosystem. Defi Protocol Holdings See Cascading Losses Data extracted from defillama.com as of Feb. 7 reveals the aggregate value secured within defi platforms now hovers at $103.67 billion. This marks a precipitous $15.088 billion decline from the prior week’s $118.76 billion benchmark. The metric now teeters just $3.67 billion above the psychologically significant $100 billion threshold, a symbolic frontier. The TVL…

During Friday’s U.S. trading hours, the crypto market witnessed a surge in selling pressure, evidenced by a long-wick rejection candle in Bitcoin. The overhead supply has plunged most major altcoins, including ETH, which teases a breakdown below $2,500. While the market sentiment shows no signs of bottoming, the historical trend of Ethereum price signals recovery potential in February Key Highlights: The Ethereum price correction could extend another 14% before the resistance key support trendline near $2,200. A bearish crossover between the 50-and-100-day exponential moving average should accelerate the market selling pressure. An ascending trendline in the daily chart marks the…

In their latest statements, Fed members Christopher Waller and Austan Goolsbee expressed their views on key economic issues such as stablecoin regulation, inflation, and monetary policy. Waller said it was important to regulate stablecoins, which he described as a “synthetic dollar” that has the potential to make payments faster and cheaper. While acknowledging their benefits, Waller said stablecoins require urgent regulatory oversight, adding, “The sooner the better.” Waller also noted that stablecoins could further solidify the US dollar’s position as the world’s reserve currency. However, when asked about the possibility of the US creating a strategic Bitcoin reserve, he categorically…

Cardano founder Charles HOSKINSON has revealed that his team is in talks with enterprise blockchain company Ripple to integrate the Ripple USD (RLUSD) stablecoin. This comes amid social media speculation about Cardano’s failure to integrate popular stablecoins like USDC. The Switzerland-based Cardano Foundation had such an opportunity back in 2021, but a deal with USDC issuer Circle fell through, according to Hoskinson. The RLUSD stablecoin, which launched last month, has already gained traction, appearing on exchanges like Bitstamp and Bullish. Ripple President Monica LONG recently said that more exchange listings are expected in the near future. Hoskinson has repeatedly praised…

Masa has announced its participation in the CxAI initiative through the Celo Foundation as a part of an important move to transform AI and blockchain connections. The CxAI project develops AI solutions from a user-first perspective by using blockchain technology to build new powerful tools for building an equitable digital system. Masa x CxAI: Pioneering User-Centric AI 🤖Masa is a proud partner of CxAI.CxAI is an initiative by @Celo to harness AI by leveraging blockchain innovation with AI-powered tools.CxAI is built on the principles of user-centricity, open-source collaboration and transparency -… pic.twitter.com/IsCoRlQeZn — Masa (@getmasafi) February 6, 2025 A Vision…

Republican Senator Cynthia Lummis has insinuated that the US’s entrance into Bitcoin could scare rival countries like China and Russia. Senator Lummis’ impeccable support for Bitcoin and digital assets has been an inspiration to lawmakers globally. Her Bitcoin Act bill has spurred legislative members in other countries to push for the adoption of the premier asset as a strategic reserve. The staunch proponent delivered another Bitcoin masterclass speech on Tuesday. In a Bankless interview, Lummis called for the global adoption of the pioneering asset instead of an arms race for weapons. Bitcoin Is a Secured Store of Value The Republican…

Elys Network has forged a strategic partnership with Cosmos, expanding decentralized financing capabilities for holders of $ATOM tokens. $ATOM has maintained minimal application within the decentralized finance (DeFi) space, where users only deploy it for staking and liquidity provisioning functions. This partnership seeks to introduce novel functionalities that will create more applications for token holders. We are thrilled to announce a major partnership.@elys_network 🤝 @cosmosSince the beginning, our goal has been to bring a true DeFi vision aligned with $ATOM.Thanks to the new leadership at @interchain_io and Interchain labs, this goal is within our reach.Read on.👇 pic.twitter.com/QUGBjTZGMo — Elys Network…

Over the past week, Ethereum (ETH) has exhibited notable volatility. On February 1, 2025, ETH opened at $3,300, reaching a high of $3,330 and a low of $3,100, before closing at $3,120, marking a 5.56% decline for the day. This downward trend continued, with ETH closing at $2,730 on February 4, showing a 5.16% decrease from the previous day. As of February 7, ETH is trading at $2,744.51, reflecting a 3.72% decline from the previous day. Ethereum Price Analysis The 50-day and 200-day moving averages are critical indicators for assessing ETH’s price trend. As of February 7, 2025, ETH is…

This is a segment from the Forward Guidance newsletter. To read full editions, subscribe. First, MicroStrategy rebranded to, well, just Strategy. Then it detailed its plans for 2025. If you weren’t yet convinced the company formerly known as MicroStrategy was all in on bitcoin, perhaps yesterday changed that. Strategy’s orange logo features a bitcoin “B.” Company leaders, after Wednesday’s market close, pledged to stick with its plan to raise, purchase, and repeat. The self-proclaimed bitcoin treasury company (and now a Nasdaq 100 stock) held 471,107 BTC, as of Feb. 2 — worth roughly $46 billion at that time. It acquired…

Cardano Founder Charles Hoskinson has shared a recent X post published by legendary trader Peter Brandt, in which he offered peace and bade farewell to the XRP army and its favorite token. Charles Hoskinson, who has also confronted the XRP army in the past, tweeted: “Peter’s coming around to XRP Nation.” Peter’s coming around to XRP Nation https://t.co/9A6zFYNFEq — Charles Hoskinson (@IOHK_Charles) January 12, 2025 Olive branch to XRP holders from Peter Brandt Old-school commodities trader Peter Brandt has offered “an olive branch” (attaching a necessary image to the post) to the XRP community, stating that they are free to…