Author: NBTC
USDC stablecoin continues to play an important role in the financial landscape. It recently experienced consistent growth, enabling multiple users to settle payments and token transfers. While active USDC addresses have been on the rise, users are using various blockchains to interact with the stablecoin and access other financial products. Today, crypto analyst CryptoRank.io shared data that ranked top blockchains that recorded the highest numbers of active USDC addresses over the past month. These are platforms that drive USDC user engagement. Polygon is the go-to chain for USDC transfersActive unique $USDC addresses on @0xPolygon reached 2.7M in the last 30…
Bitcoin (BTC) has surged past the $100,000 mark, hitting a key psychological level in the period of ongoing volatility. The cryptocurrency recently traded between $96,000 and $97,000, facing multiple rejections at resistance levels. While sentiment remains cautiously optimistic, BTC must sustain this momentum to confirm a bullish breakout. Technical Analysis: Bitcoin Tests $100K Resistance, Support at $91K Bitcoin price dynamics (January 2025 – February 2025) Bitcoin’s price action shows resistance between $100,000 and $102,000, with a stronger barrier forming near $108,000 – $109,000. Immediate support is between $91,000 and $92,000, an area where buyers have historically entered the market. A…
Dog-themed cryptocurrency Shiba Inu (SHIB) has seen a 5,277% surge in large holder netflows, an indicator that provides an idea of the change in the positions of whales or large holders. After days of stagnation, Shiba Inu whale netflows surged from 128.59 billion SHIB to 3.5 trillion SHIB on Feb. 7. The sudden surge in netflows often signals increased accumulation from whales and a positive indication if sustained. The spike in large holder netflows coincides with a significant increase in large holder inflows with 3.8 trillion SHIB recorded in the last 24 hours, contributing to an 892% surge in the…
Arthur Hayes, the former CEO of crypto exchange BitMEX, has been granted a pardon by U.S. President Donald Trump, according to a Friday report from CNBC. Trump reportedly also pardoned Hayes’ co-founders at BitMEX, Samuel Reed and Benjamin Delo. In 2020, the U.S. Department of Justice (DOJ) brought charges against BitMEX, its three co-founders, and its first employee, Gregory Dwyer, accusing them of violating the Bank Secrecy Act (BSA). Prosecutors alleged BitMEX advertised itself as a place where customers could use its platform virtually anonymously, without providing basic know-your-customer (KYC) information. All four individuals eventually pleaded guilty and were sentenced…
A Strategic Bitcoin Reserve bill in Texas was referred to the Senate’s Finance Committee today, signaling a step in the state’s push to hold Bitcoin as a reserve asset. This move comes with growing interest from various U.S. states in establishing Bitcoin reserves and could position Texas at the forefront of integrating digital assets into state financial strategies. NEW: A Strategic Bitcoin Reserve bill in Texas was referred to the Senate’s Finance Committee today.Bullish! 🇺🇸 pic.twitter.com/O3HEghjRlT — Bitcoin Magazine (@BitcoinMagazine) February 7, 2025 The proposal, which has already gained traction in Texas’ legislative circles, is part of a broader trend…
Binance Founder Changpeng Zhao (CZ) reposted a video from widely followed crypto day trader Dave Portnoy, adding a laughing emoji to Portnoy’s comments about the volatile nature of meme coin trading. In the video, Portnoy openly admitted to buying and selling meme coins purely for profit. Portnoy detailed his recent purchases of two meme coins, “Run Montoya” and “Josh Allen (MVP),” and made it clear that his goal was to sell them at a profit. “I’m trying to make money like every other of you,” he said, dismissing accusations of bad faith trading. He insisted that he was not launching…
A New Jersey regulator has ordered Kalshi and Robinhood to stop offering prediction markets based on sporting events to New Jersey locals. Robinhood partnered with Kalshi earlier this month to launch a prediction market focused on March Madness, the NCAA basketball tournament. In a cease-and-desist-order dated Thursday, which was viewed by Decrypt, the New Jersey Division of Gaming Enforcement alleged the trading platforms have illegally offered sports wagering services in The Garden State. The regulator called for both companies to stop allowing New Jersey residents to place bets on athletics events and void existing sports-related wagers from people living there.…
EON Chain has officially announced its strategic partnership with Bitgert to transform the landscape of digital assets. This integration marks a remarkable step forward in bringing innovation to the sector of cryptocurrency. This groundbreaking collaboration aims to utilize the cutting-edge technology of Bitgert to broaden the ecosystem of the EON Chain. With Bitgert’s technology, the alliance further aims to make blockchain solutions that will be efficient and seamless. EON Chain, an efficient and scalable blockchain for digital assets, announces this synergy through its official X account. The other ally, Bitgert, is a high-performance blockchain with zero fees. It is further…
Bitcoin price remained under pressure this week as trade concerns remained, but two rare patterns point to an eventual rebound. Bitcoin (BTC) wavered, while the crypto fear and greed index slipped to the fear zone of 35 this week. Most of this weakness was because of the ongoing fear of a trade war between the United States and its top partners. The US has already started levying tariffs on Chinese goods, which may affect trade volume worth over $450 billion. While Canadian and Mexican tariffs have been paused, there are odds that they will be restarted next month. These trade…
The Polkadot (DOT) network has risen amongst the top market performers following its achievement in the past year. It reached key milestones in 2024, which has helped to boost investors’ confidence in the network. Accordingly, market participants think Polkadot’s native token, DOT, is set for a bull run. Some have even forecasted that DOT’s price could climb as high as $10. Polkadot Report According to Messari In its latest report, Messari, a crypto market data aggregator, outlined key updates and Pokadot’s wins in 2024. The first feat spotlighted by Messari is Polkadot’s outstanding surge in monthly transactions, demonstrating the network’s…