Author: NBTC
Shares of the top publicly traded Bitcoin mining companies plunged on Thursday a day after U.S. President Donald Trump rattled markets by imposing global tariffs. American miners, including Hive Digital, CleanSpark, Riot Platforms, and BitDeer were all trading between 6-8% lower on Thursday morning New York time. Other U.S. Bitcoin miners such as Core Scientific and MARA dropped by more than 11% and 8%, respectively. The dip in prices comes after crypto-friendly Trump said he would impose a 10% baseline tariff on all imports to the U.S. and higher duties on some of the country’s biggest trading partners, including a…
Cryptocurrency analytics firm MakroVision has assessed Bitcoin’s price action following its recent rally, identifying key resistance and support levels that could determine its next trend. After a significant sell-off, Bitcoin has recovered strongly and is currently trading around $99,000. However, key resistance levels that could influence further price action remain in focus. MakroVision notes that the $102,000 level represents a short-term barrier and is just above a key liquidity zone that needs to be breached for further upside. The firm also notes that a breakout of the descending red trendline would activate a decisive breakout target at $106,500, which is…
Circle wants to IPO, and its S1 filing details the staggering difference between the regulated, US-based stablecoin issuer and its offshore competitor, Tether. Despite their relatively similar sizes, the financials of the world’s two largest stablecoin issuers are miles apart.As of December 31, 2024, there were 137.4 billion circulating USDT and 43.9 billion circulating USDC. Despite USDC’s market capitalization being approximately one-third of USDT, their profitability diverges massively. Specifically, Tether reported a gross profit of $13 billion that year, while Circle reported just $156 million in net income. Specifically, Tether reported a gross profit of $13 billion that year, while…
Crypto whales are turning their attention to the MELANIA meme coin, loading up their bags and positioning for what some believe will be “the most hated rally.” In a tweet today, market analytics resource Lookonchain pointed out that a mysterious whale created a new wallet just hours ago and withdrew $10 million in USDC from Binance. The whale then used the funds to acquire 6.69 million MELANIA tokens at $1.50 each. This major capital commitment from a deep-pocket investor comes at a time when MELANIA is trading near an all-time low. This signals a belief in an imminent price pump.…
The momentum has shifted in the yearslong battle between top crypto companies and protocols and the U.S. Securities and Exchange Commission under the new Trump administration. The regulator, which now has a crypto task force led by longtime industry advocate Hester Peirce, is moving away from what Pierce and others have called “regulation by enforcement” to less hostile engagements with crypto. Thus far, those words have rung true with the SEC recently backing away from fights with multiple top crypto companies. Here are the SEC’s biggest pivots, reversals, and exits so far under Trump. Binance Following a joint request, a…
A critical liquidation level looms for Bitcoin ($BTC), with on-chain analytics revealing that $43 million worth of positions could be wiped out if the cryptocurrency reverses to $92,167. This insight, accompanied by the latest heatmap data from Coinglass, highlights the precarious state of leverage in the market, leaving traders and investors on edge. $43 million will be liquidated if #Bitcoin $BTC reverses to $92,167! pic.twitter.com/sOwl3d7dCB — Ali (@ali_charts) February 4, 2025 According to Crypto Analyst Ali Martinez,Bitcoin’s recent market activity has shown impressive upward momentum, with the asset trading well above $100,000 in recent weeks. However, according to the heatmap,…
Bitcoin, Ethereum, the tech-heavy S&P 500 and Japan’s Nikkei 225 all posted their worst quarterly performances in more than three years, reflecting a broader market downturn. The gloomy market mood is largely due to global trade policy changes expected today, when President Donald Trump will announce new tariffs on a number of trading partners in a speech at the Rose Garden at 10:00 PM (UTC+3). Analysts are divided on whether these economic measures will be applied reciprocally or a softer approach will be taken. “This decision could go either way,” said Sid Powell, CEO of Maple Finance, noting the uncertainty.…
Charles Hoskinson, Cardano (ADA) founder, has dropped a notable hint about what the ecosystem will work on soon. All indications point to integrating artificial intelligence (AI) into the ecosystem. Hoskinson hinted at this in an X post in response to a suggestion by community member Cardano Hieronymus. AI-Powered smart contracts on horizon? Cardano Hieronymus suggested that the blockchain should start “thinking full LLM deployment as L2/partnerchain on Cardano.” This suggestion is for Cardano to integrate the Large Language Model (LLM) into its layer-2 ecosystem. This move of integrating AI could involve AI-powered dApp and smart contracts. Experts say such a…
One of Washington’s top crypto lobbyists is establishing the country’s first nonprofit focused on the interests of Solana, the popular blockchain that has emerged in recent years as a crucial hub for meme coin trading and decentralized finance. Miller Whitehouse-Levine, who previously headed the DeFi Education Fund, announced Monday he has started the Solana Policy Institute and will serve as its inaugural CEO. The Solana Policy Institute describes itself as a nonpartisan nonprofit advocating for decentralized networks like Solana that “are the future infrastructure of the digital economy.” Whitehouse-Levine told Decrypt that because of the digital asset industry’s newfound political…
Pixels and Forgotten Runiverse, a pair of crypto games on the gaming-focused Ethereum scaling network Ronin, are teaming up to bring Pixels’ PIXEL token to the Runiverse—the massively-multiplayer online role-playing game or MMORPG that just opened to the public in early access. Forgotten Runiverse, developed by Biosonic, is based on the lore of the Ethereum NFT collection Forgotten Runes Wizard’s Cult. The game opted to move from layer-2 Arbitrum to Ronin in July 2024 and will eventually have its own native token, XP, which will act as the ecosystem token for Forgotten Runes. Social farming game Pixels also made its…