Author: NBTC
The decentralized finance (DeFi) sector has recently been making noteworthy shifts. As per the data from DefiLlama, Ethereum, Solana, and Bitcoin have led other blockchains in the market in terms of total value locked (TVL) over the past 7 days. The DeFi analytics platform’s list of top blockchains based on TVL also includes Binance Smart Chain, Tron, Berachain, Base, Arbitrum, Sui, and Avalanche. Ethereum ($ETH) Remains Atop Blockchains with Staggering $50.918B in TVL DefiLlama’s data shows Ethereum ($ETH) as the top blockchain when it comes to total value locked. Over the recent seven days, the blockchain has experienced a 13.87%…
Canada has emerged as a global leader in Bitcoin adoption, with 10.1% of its citizens owning the cryptocurrency, according to a new report by Triple-A. Canada Leads Global Bitcoin Adoption with 10.1% Crypto Ownership, Report Says This rate puts Canada ahead of other major economies such as Australia (9.6%), Norway (8.7%) and Germany (8.3%), underscoring the country’s strong adoption of digital assets. A key factor behind Canada’s growing crypto adoption is its clear regulatory framework that classifies Bitcoin as a commodity. This definition provides legal certainty for individuals and businesses dealing with Bitcoin transactions, distinguishing Canada from other jurisdictions with…
Tether has appointed Simon McWilliams as its new Chief Financial Officer (CFO) as the leading stablecoin issuer moves toward the completion of a full financial audit. McWilliams, a finance executive with over 20 years of experience, is set to lead Tether’s transparency and regulatory engagement efforts. The appointment, according to the company’s announcement, represents a “firm commitment to completing a full audit, a crucial step in raising industry standards and strengthening regulatory engagement.” Tether currently publishes quarterly attestations of its reserves verified by accounting firm BDO, but it hasn’t yet undergone a full independent audit. The company has for years…
Solana’s NUPL shows a drop from optimism to fear as investors face growing uncertainty and caution The fear phase intensified in February as price swings led many holders to unrealized losses Sentiment may improve if Solana stabilizes but continued decline could deepen investor worries Solana investors are showing growing concern as the Net Unrealized Profit/Loss (NUPL) metric indicates a shift toward fear. According to data from Glassnode, Solana’s NUPL dropped steadily over the past month, transitioning from optimism and belief to fear. The latest readings place the market sentiment in a predominantly yellow zone, signaling growing anxiety among holders. Analyst…
Hong Kong is reaffirming its goal to become a major global center for virtual assets with a second policy statement expected soon. According to Financial Secretary Paul Chan Mo-po, this statement will prioritize combining traditional finance strengths with new virtual asset technologies. The aim is to improve economic security and flexibility. This move follows Hong Kong’s initial virtual asset policy statement from October 2022. That first statement set the stage for the city’s regulatory approach and crypto sector ambitions. Local media reports indicate the upcoming policy declaration will encourage both domestic and international companies to explore fresh uses for virtual…
This is a segment from the 0xResearch newsletter. To read full editions, subscribe. I’ve had a horizontal line on my main BTC chart since the Nov. 26 test of the $91k level: “1D close below here = end of bull market.” With bitcoin ETFs experiencing over $2.4 billion in net outflows throughout February and broader macroeconomic pressures weighing on risk assets, the question arises: Is this just a correction, or are we witnessing the start of a prolonged downturn? Sorry to say, I’m now in the latter camp. After posting intraday lows around $86k — a nearly -20% retracement from…
The financial industry is preparing for a shift toward stablecoins, as Bank of America CEO Brian Moynihan confirmed their imminent arrival. Speaking at the Economic Club of Washington, D.C., on February 25, 2025, Moynihan stated that a stablecoin backed by the U.S. dollar is inevitable. Lawmakers are also working on legislation to establish a regulatory framework for digital assets, increasing the likelihood of stablecoin adoption. Bank of America’s Plans for Stablecoins Moynihan addressed the issue of stablecoins in an interview with David Rubenstein, stating that Bank of America would enter the market if regulations allow it. He described stablecoins as…
The liquidation risks for MELANIA, CAR, and LIBRA WIF have risen because of deteriorating market liquidity and intensified price fluctuations. Previously regarded as superior assets during their peak market dominance these altcoins now encounter difficulties to maintain their position in current conditions. People conducting high-risk trading operations with these assets need to study the associated risks thoroughly. Current market uncertainty leads to intense scrutiny of three altcoins MELANIA, CAR, and LIBRA WIF whose loss potential becomes substantial. These assets faced excellent status before showing compromising issues which threaten serious financial losses for investors. The fast growth of these assets has…
WASHINGTON, D.C. — Within hours of the announcement that he’d started as the crypto counselor for Treasury Secretary Scott Bessent, former Galaxy Digital lawyer Tyler Williams was addressing a private digital assets event in Washington, D.C., telling the crowd that helping Congress get stablecoin legislation across the goal line is a worthy opening effort. “Be as supportive as we can to our friends in Congress” who are working on stablecoin policy, Williams advised attendees at the Chainlink-hosted event, arguing that getting those backbone dollar-denominated tokens on legal footing would be “a very good use case” for industry allies in Washington…
Bitcoin’s price took a heavy hit, breaking below the key resistance of $92,000 and crashing all the way down to $85,000. This sudden drop shook the market, triggering panic among traders. However, Bitcoin has since managed a slight recovery, currently trading around $87,500. BTC/USDT 1-day chart – Bitget The big question now is: Is this just a temporary dip, or are we about to see another major crash? Bitcoin Price Prediction – What’s Next? Bitcoin is currently hovering between support and resistance levels, leaving traders uncertain about the next move. Here are the two key scenarios: Scenario 1: Bitcoin Recovery…