Author: NBTC
Binance just made headlines with a mind-blowing $2 billion investment from MGX, an Abu Dhabi-based AI and advanced technology investor. It is a big deal for several reasons. Not only is this Binance’s first-ever institutional investment, but it is also the largest investment into any crypto company, and the entire deal is happening in crypto — specifically stablecoins. But it is CZ’s comments that have gotten the most attention. When asked about how the new funds would be deployed, he responded with a straightforward, though light-hearted, “To buy crypto, of course.” Binance, the ex-CEO pointed out, has never been limited…
Spot Bitcoin exchange-traded funds in the U.S. shifted to net outflows on Feb. 18 as Bitcoin briefly dipped under $95,000, driven by declining odds of Trump approving a Strategic Bitcoin Reserve in the U.S. According to data from SoSoValue, the 12 spot Bitcoin ETFs recorded a net outflow of $60.63 million on Friday, a reversal from the $66.19 million in net inflows recorded the previous trading day. The majority of outflows came from Bitwise’s BITB, which saw $112.65 million exit the fund, followed by Fidelity’s FBTC, which logged $16.42 million in outflows. BlackRock’s IBIT managed to offset part of these…
White House crypto czar David Sacks has revealed plans for the Treasury Department to focus on maximizing the value of XRP, Bitcoin, and other digital assets held by the U.S. government. The announcement follows Donald Trump’s commitment to establishing a U.S. crypto reserve. Sacks outlined the strategy during a recent appearance on the All In Podcast. He explained that the U.S. government would be consolidating its digital assets into a “crypto stockpile.” Treasury Secretary Scott Bessent, a former hedge fund manager, will oversee the portfolio’s management. The Need to Maximize the Value of Crypto Notably, the U.S. crypto portfolio will…
Ripple slows RLUSD minting as XRP trading volume surges, signaling strong market interest despite reduced issuance. XRP’s role in finance grows as regulatory clarity and adoption highlight its real-world utility over Bitcoin and Ethereum. Ripple’s cautious RLUSD strategy may reflect market conditions, ensuring demand-driven issuance amid evolving regulations Cryptocurrency analyst Nick underscored the changing position of XRP in the banking ecosystem. Despite denunciations from Bitcoin and Ethereum’s camp, he noted that XRP has played a critical role in the crypto discourse. Moreover, there have been many highs and lows throughout XRP’s journey. Although critics dubbed it a “bankers’ coin”, it…
Pathpulse.ai, an advanced platform merging Web3 and AI technologies for real-time GPS navigation, has partnered with Taurus AI, a prominent company developing an AI-driven trading ecosystem on Base and Telegram. The partnership targets to revolutionize the trading of crypto assets by offering AI-led insights. https://twitter.com/PathPulse_ai/status/1899355949049278478 Taurus combines the AI Alpha Digests as well as the unparalleled mobile-based execution. The partnership permits traders to carry out>PathPulse.ai and Taurus AI Advancing Crypto Trading with Exclusive Insights The platform of Taurus AI focuses on assisting traders by letting them benefit from AI technology. In this way, they can track prevailing market trends, get…
Donald Trump’s re-election initially sparked optimism in the cryptocurrency market, creating 11,000 new Bitcoin (BTC) millionaires between October 7 and November 6, 2024. But that euphoria didn’t last. Though the crypto bull market continued into early 2025, Finbold research found that the Republican’s return to the White House had the opposite effect, leading to stagnation and decline. Between January 21 – the day after the inauguration – and February 18, the number of BTC addresses holding more than $1 million worth of the coin dropped by 22,279. During the first weeks of President Trump’s second term, an average of 795…
The stablecoin market cap has reached a new all-time high of $226.8 billion, up from $132 billion in January 2024. According to data from DefiLlama, $2.43 billion in stablecoins was added in the past week alone. With a market value of $143 billion, Tether (USDT) is still the largest stablecoin, accounting for 63% of the market. USDT’s market capitalization is roughly three times that of USD Coin (USDC), which has a market capitalization of $57 billion. Notably, Ethena USDe (USDE) has surged to become the third-largest stablecoin, now boasting a $5.45 billion market capitalization. Solana (SOL) has seen the most…
Decentralized finance finds its unmatched leader through Bitcoin which maintains its dominance as a valuable store of value. Ethereum smart contracts serve as an engine to continually develop the fields of decentralized finance (DeFi) along with blockchain technologies. Hedera and Taraxa offer remarkable solutions for scalable enterprise adoption and data integrity. Bitcoin (BTC): The Unmatched Pioneer Current Price:$96,090.42 Market Cap:$1,905,059,107,684 Bitcoin claims dominance in the cryptocurrency market as the first groundbreaking digital currency because of its revolutionary features. The cryptocurrency’s decentralized format together with its high security protocols makes it the preferred option for institutional and individual investors. The market-resistant…
This is a segment from the Lightspeed newsletter. To read full editions, subscribe. Solana-based perpetual futures exchange Zeta Markets has shipped testnet for Bullet, a low-latency “network extension,” the team told Lightspeed exclusively. The platform’s mainnet launch is planned for early Q2 of this year. The move comes as Solana perps developers face competition from Hyperliquid, a new perps DEX operating as a layer-1. The chain is currently secured by four validator nodes all co-located in Tokyo, which has raised some centralization concerns. However, Hyperliquid has still vaulted past other perps DEXs. It processed roughly 6x as much perps volume…
South Korea’s central bank is reportedly set to launch a real transaction test for its central bank digital currency this month, involving 100,000 consumers and seven banks. South Korea is set to begin real-world testing of its CBDC in March, with 100,000 consumers using deposit tokens issued by seven banks, per local news outlets. According to reports, the trial will include major financial institutions such as KB Kookmin, Shinhan, and Hana Bank. The pilot, which is understood to be carried out in a collaboration between the Bank of Korea, the Financial Services Commission and the Financial Supervisory Service, will see…