Author: NBTC
The NFT market has pulled back alongside deepening crypto weakness, with Bitcoin falling to $83,000 and Ethereum dropping to $1,900. The overall crypto market cap has shrunk further to $2.73 trillion from last week’s $2.83 trillion. Non-fungible token sales volume has decreased to $109.2 million, according to CryptoSlam data. That’s a 7.84% decline from the previous week. However, market participation metrics tell a very different story, with buyer and seller numbers surging dramatically. The weekly data reveals these contrasting trends: Sales volume fell to $109.2 million from $121.5 million Buyers soared 697.00% to 204,693 Sellers jumped 419.23% to 133,708 Transactions…
World’s largest banks and fintechs are racing to launch their own stablecoins which are digital currencies pegged to the value of a dollar. Recently, Bank of America signaled its interest in entering the stablecoin game, joining the ranks of established companies like PayPal, Standard Chartered, Revolut, and Stripe in targeting a market currently dominated by crypto giants Tether and Circle. Institutions and Companies Race to Claim Their Share of the ‘Stablecoin’ Cake! One of the reasons behind this surge in stablecoins is that regulators worldwide are warming up to stablecoins as they could become a more accepted part of the…
According to Messari’s recent “State of Cardano Q4 2024” report, Cardano had significant growth in the last quarter. Cardano’s average daily DEX volume surged by 271% to $8.9 million in the fourth quarter. Cardano’s top DEXes were Minswap, WingRiders and SundaeSwap. DEX volume climbed by 40% year on year. ADA’s price surged 126% to highs of $0.84 in Q4, while its market capitalization increased 127% to $30.3 billion, with a minor difference due to a 2.2% drop in circulating supply. Due to the price increase, ADA’s circulating market cap position jumped from 11th to 9th in Q4. Meanwhile, fees in…
The latest report by CryptoDiffer highlights the most used dApps in the last 30 days, with Solana remaining the most chosen network, but also with some interesting new developments. Solana dominates the dApps sector, but starts to lose ground Aptos and Matchain grow by double digits Collapse for BNB Chain, Polygon and Sei The three fastest-growing blockchains Evolving market and new opportunities Solana dominates the dApps sector, but starts to lose ground At the top of the ranking, we find Solana, with 47.7 million dApps users in the last 30 days. However, despite the lead, the blockchain records a significant…
The combined market capitalization of the five biggest stablecoins passed $200 billion for the first time after Treasury Secretary Scott Bessent pledged on Friday to use the digital assets to help maintain the greenback as the world’s reserve currency. The market cap of the coins, whose value is pegged to a real-world equivalent such as the U.S. dollar, climbed as high as $205 billion, Glassnode data shows. Demand was buoyed by investors seeking relief from sliding cryptocurrencies such as bitcoin (BTC) and ether (ETH). Since President Donald Trump won the U.S. election, the stablecoin market cap has grown by $40…
Anthony Scaramucci, the founder and managing partner of alternative asset management and investment firm SkyBridge Capital, has backed modular exchange platform Kinto ahead of its token launch. Scaramucci says he is among the early investors and supporters of Kinto, with his firm backing the platform with a $150,000 investment. “Kinto’s modular exchange opens up tremendous possibilities for institutional investors to deploy capital on-chain and tokenize products without counterparty risk,” Scaramucci said. The project’s native token, $K, launches on Feb. 18, via a fair auction. You might also like: Exclusive: Scaramucci says Bitcoin to hit $200k this year, a matter of…
A new Arbitrum-based blockchain called Studio Chain is launching to explore what crypto can do in the entertainment sector. Karrat Foundation worked with Arbitrum Foundation on the project. Karrat Foundation is behind the KARRAT token used by AMGI Studios’ battle royale game My Pet Hooligan, which the team says has seen over 500,000 downloads on the Epic Games Store so far in early access. KARRAT will also become the native token for Studio Chain, and My Pet Hooligan will launch on Studio Chain. Quick sidenote: A couple years ago, I got to check out AMGI’s studio in California where My…
The desultory price action in crypto continued on Tuesday, helping to drag bitcoin (BTC) closer to its lowest level in several months. In early afternoon trading hours, bitcoin was trading at $93,600, lower by 2% over the past 24 hours and off 10% over the past week. The broader crypto market as defined by the CoinDesk 20 Index was down 4% over the past 24 hours. Hitting that index was a 16% decline in solana (SOL), which is feeling the pain as the memecoin market may finally have reached peak grift and/or outright criminality over the weekend with the rugpull…
Amid pro-crypto governance, Apex Fintech, is reportedly considering acquiring Bakkt, a cryptocurrency platform spun off from Intercontinental Exchange (ICE). The news, which emerged from an Axios report, follows Bakkt’s acquisition of Apex’s crypto operations in 2022 for up to $200 million. Apex Fintech Considers Acquisition of Bakkt Apex Fintech, which is a firm known for integrating stock trading into applications, Bakkt’s shares saw a notable 15% increase in morning trading after the report, reaching $14.86. The surging performance prompted reignited interest from investors. Founded in 2018, Bakkt was initially positioned as a bridge between traditional finance and digital assets. The…
As the digital asset landscape continues to grow, more people become interested in interacting with crypto tokens. Today, the LunarCrush Galaxy Score listed the top 10 crypto coins that stood out over the past week because of robust performance, user sentiment, and community interaction. TOP 10 COINS BY LUNARCRUSH GALAXY SCORE$BZZ $BNB $ETH $SOL $LTC $BTC $MTRG $YFI $TAO $ARK pic.twitter.com/aALXOG88bT — PHOENIX – Crypto News & Analytics (@pnxgrp) February 17, 2025 Top 10 Major Coins Swarm (BZZ) Swarm (BZZ) emerged as the best performer according to the LunarCrush Score. Swarm, a decentralized storage platform built on top of the…