Author: NBTC
DeFi projects have become important platforms in the Ethereum ecosystem in various ways. Their continued crucial role in Ether token burning has remained visible. These decentralized platforms not only drive greater DeFi adoption but also are active avenues for the ETH fee-burning mechanism. Today, data reported by Phoenix Group highlighted the top 10 DeFi projects that contributed to significant amounts of Ether fees burning over the past month. TOP #ETHEREUM BURNER #DEFI PROJECTS IN THE LAST MONTH#Metamask #Uniswap $UNI #Gnosis $GNO #1INCH #Aave $AAVE #Pendle #0xProtocol $ZRX #KyberSwap $LINK #Paraswap pic.twitter.com/qhbVSAfHg2 — PHOENIX – Crypto News & Analytics (@pnxgrp) March…
South Korean investors, known for their bold approach to high-risk trading, are now facing the consequences of their speculative bets on Tesla-linked leveraged products. As Tesla Inc.’s stock has plummeted, so too have the fortunes of many retail investors in South Korea, who placed their bets on exchange-traded products (ETPs) designed to amplify gains. Tesla, which had become a beloved stock among South Korean investors, has seen its value decrease significantly in recent months. This has affected thousands of retail investors who were banking on ETPs that mirror Tesla’s daily price movements—particularly the Leverage Shares 3x Tesla product. According to…
Spot Bitcoin (BTC) and Ethereum (ETH) ETFs, seen as a turning point for the cryptocurrency industry in 2024, have been approved. This approval enabled ETF applications for altcoins such as XRP, Solana (SOL), Litecoin (LTC), Dogecoin (DOGE), and Cardano (ADA). As the cryptocurrency community eagerly awaits the green light for altcoin ETFs, top analysts expect them to be most likely approved. However, one analyst said that altcoin ETFs will not live up to expectations. Katalin Tischhauser, Head of Research at Sygnum Bank, stated that altcoin ETF approvals are inevitable, but they may not attract much interest among investors and will…
The total market cap of the 14 publicly-listed U.S. miners that Wall Street bank JPMorgan (JPM) tracks dropped 22% in February as the bitcoin (BTC) price declined and mining economics came under pressure. Bitcoin miners with high performance computing (HPC) exposure fell following the DeepSeek artificial intelligence (AI) announcement, and due to concerns about demand for data center capacity in the near-term, the bank noted. Revenue and profitability fell last month. The bank estimated that bitcoin miners earned $54,300 per EH/s on average in daily block reward revenue in February, a 5% decline from the month previous. “Daily block reward…
President Donald Trump’s controversial memecoin launch in January could have catalyzed the recent Bitcoin (BTC) and crypto market peak, according to the macro strategist Jim Bianco. Bianco, the president of Bianco Research, tells his 443,700 followers on the social media platform X that Bitcoin hit its all-time high of around $109,000 in January, just a few days after Trump launched his official memecoin. BTC is down nearly 8% in the past 24 hours and more than 7% in the past week. The top-ranked crypto asset by market cap is trading at $87,244 at time of writing, its lowest level since…
This is a segment from the 0xResearch newsletter. To read full editions, subscribe. The Crypto Twitter version of internecine warfare in Ethereum circles has come to a close. The Ethereum Foundation has announced a significant leadership restructuring. Aya Miyaguchi, who has served as executive director since 2018, previously announced her transition to the role of president. In her new capacity, Miyaguchi aims to enhance the foundation’s institutional relationships and broaden the reach of its vision and culture. That left the executive director position to fill. The foundation announced Saturday the appointment of Hsiao-Wei Wang and Tomasz Stańczak as co-executive…
El Salvador President Nayib Bukele recently held talks with a16z’s co-founders Ben Horowitz and Marc Andreessen at Casa Presidencial, the Presidential House of El Salvador, according to the country’s National Bitcoin Office (ONBTC). 🇸🇻President Bukele recently met at Casa Presidencial with the co-founders of Silicon Valley venture capital firm, Andreessen Horowitz: @pmarca @bhorowitz Topics discussed include: ➡️Investment opportunities in El Salvador as an emerging regional tech hub focused on freedom… pic.twitter.com/WwQy0wkApY — The Bitcoin Office (@bitcoinofficesv) March 2, 2025 ONBTC noted that the meeting was focused on technology investments and artificial intelligence development opportunities. Key discussion points included investment prospects…
A massive 312.37 million Dogecoin (DOGE) has just moved to major crypto exchange Coinbase, sparking speculation in the crypto community. Blockchain data tracker Whale Alert reports this substantial Dogecoin move, totaling 312,375,048 DOGE, which was carried out within the last 24 hours. According to Whale Alert, the transactions were executed in three separate transfers, each carrying 104,125,016 DOGE worth $21.33 million from an unknown wallet to Coinbase. 🚨 104,125,016 #DOGE (21,334,416 USD) transferred from unknown wallet to #Coinbasehttps://t.co/xCaFf0Pju0 — Whale Alert (@whale_alert) February 25, 2025 Withdrawals from exchanges imply buying; deposits might imply selling. Another probable explanation is that a…
Bitcoin (BTC) price dropped below the $90,000 support level for the first time in more than three months, creating negative sentiment among investors. Bitcoin is currently 12% below the $100,000 milestone, with analysts noting that sufficient buying pressure and positive macroeconomic developments could push BTC even higher. However, analysts are warning that there could be further declines before the rally even begins. At this point, 10x Research research head Markus Thielen, who stands out with his successful predictions, said that Bitcoin has the potential to fall to $73,000. Markus Thielen, head of research at cryptocurrency analytics platform 10x Research, noted…
Ethereum price started a fresh decline from the $2,550 zone. ETH is now back below $2,200 and might decline further in the near term. Ethereum started a fresh decline below the $2,350 support zone. The price is trading below $2,250 and the 100-hourly Simple Moving Average. There is a new bearish trend line forming with resistance at $2,160 on the hourly chart of ETH/USD (data feed via Kraken). The pair must clear the $2,160 and $2,250 resistance levels to start a recovery wave. Ethereum Price Dives 15% Ethereum price failed to clear the $2,550 resistance zone and started a fresh…