Author: NBTC
Elon Musk’s confirmation of Grok 3’s launch sent the Grok token soaring 82% on Sunday, highlighting the volatile intersection between artificial intelligence and crypto speculation. As the AI chatbot developed by Musk’s xAI prepares to debut, traders rushed to capitalize on the hype, driving the token’s market cap to approximately $33.51 million. At last check, the token was trading at around $0.0053, reflecting heightened investor enthusiasm, despite xAI itself having no direct ties to the Grok token. Source: CoinMarketCap The surge underscores how Musk’s influence continues to drive market activity, even as xAI remains an underdog in the AI space,…
FalconX, a top prime broker for digital assets, and StoneX, a global financial services company, have completed the first-ever block trade of CME Group’s recently introduced Solana futures. According to a Mar. 16 press statement, this CME SOL futures transaction demonstrates the rising demand for regulated digital asset investments like Solana (SOL), while further solidifying FalconX’s position as one of the industry leaders in institutional cryptocurrency trading. CME Group, the world’s largest derivatives exchange, launched SOL futures on Feb. 28 to give investors a way to trade Solana’s price movements without holding the asset. These futures are cash-settled and come…
2024 was a favourable year for Bitcoin. In late 2024, the BTC market achieved the milestone of $100K, triggering excitement in the entire cryptocurrency industry. In the last one year, the market has grown by over 85.8%. Currently, the Bitcoin price stands at $96,160.29. How will the market perform in 2025? At the time of writing, the market looks dull. In the last 30 days, it has dropped by nearly 6.8%. Notably, a recent X post by Mike McGlone, an acclaimed commodity strategist, indicates that BTC may rise to $150,000 or fall to $50,000 this year. Interestingly, the post notes…
Leverage Shares by Themes has launched a new exchange-traded fund (ETF) tied to the Nasdaq-listed cryptocurrency exchange Coinbase (COIN) stock despite a downturn in the crypto-related shares. The Leverage Shares 2X Long Coinbase Daily ETF (COIG) is designed to deliver twice the daily return of Coinbase’s stock price, offering traders an amplified exposure to the U.S.’s largest cryptocurrency exchange. The ETF, which carries an expense ratio of 0.75%, is listed on Nasdaq, according to a press release. The launch comes amid a significant cryptocurrency market downturn that saw bitcoin (BTC) drop by around 19% over the last three months, from…
Cardano founder Charles Hoskinson has addressed the controversy surrounding the Libra token. He believes Argentinian President Javier Milei was not directly involved in it. His statements strongly imply that better decisions and due diligence could have prevented the controversy. Charles Hoskinson Speaks on LIBRA Token Scandal According to Hoskinson, Milei’s advisors likely pitched the project as a good idea, possibly comparing it to other political tokens like Official Trump (TRUMP). However, those insiders orchestrated a scheme, profiting at the peak while leaving Milei to handle the fallout. For context, last week, President Javier Milei’s promotion of the LIBRA token triggered…
The LIBRA crypto scandal that rocked Argentina’s political landscape entered a new phase this week after Gregorio Dalbon, an Argentine lawyer, formally requested the international detention of Hayden Davis, the crypto entrepreneur identified as the alleged central figure behind the token’s collapse. The petition, submitted Tuesday to lead prosecutor Eduardo Taiano and Judge María Servini, seeks an Interpol Red Notice to facilitate Davis’s detention and extradition from the U.S. Dalbon, who represented former Argentine President Cristina Fernandez over a corruption case, did not immediately return Decrypt’s multiple requests for comment. A request from Decrypt to Davis’ lawyer has gone unanswered.…
An unidentified whale on the Hyperliquid decentralized perpetual exchange has launched the crypto market into a new level of dynamism. This trader’s huge trading amounts and constant activity in leveraged positions have led crypto community members to try and figure out who this person is. Could CZ Be Behind the Hyperliquid Whale? One person guessing, even used a video clip from an action movie to joke that former Binance CEO Changpeng Zhao might be behind these massive trades on Hyperliquid. https://twitter.com/Ninjascalp/status/1901369751651471566 According to reports, the whale placed a massive $445 million leveraged short on BTC via Hyperliquid. Analysts think a…
Hold onto your hats, crypto enthusiasts! The winds of institutional adoption are blowing stronger than ever. In a move that’s sending ripples through the digital asset space, news has broken that Paul Tudor Jones, the legendary hedge fund titan, is making a significant play in the Bitcoin ETF arena. And not just any ETF – we’re talking about BlackRock’s spot Bitcoin ETF, IBIT. Let’s dive into the details of this groundbreaking development and explore what it means for the future of crypto. Why is Paul Tudor Jones’ IBIT Investment a BIG Deal? For those unfamiliar, Paul Tudor Jones isn’t just…
Billionaire investor Marc Lasry has expressed concerns that the economic uncertainty caused by President Donald Trump’s policies, especially tariffs, is halting investment and could push the United States into recession. Speaking at the Credit Opportunities Symposium held at New York University on Friday, the Avenue Capital Group co-founder highlighted the risks of market unpredictability. “The problem for markets is when they don’t know what to do,” Lasry said. “An economy can’t survive like that. It slows everything down and can send the economy into recession.” Lasry acknowledged that the economy remains strong, but he noted that uncertainty about the direction…
Crypto airdrops have become lucrative opportunities for the community, offering a chance to earn rewards with minimal or no initial investment. This week, the third one in February, three notable airdrops offer interested farmers an opportunity to be a part of interactive communities while they are still on the ground floor stage. BOOST Lottery BOOST Lottery is among the hottest crypto airdrops this week. It is a global online lottery that integrates blockchain technology with gamification elements. The BOOST token powers the platform, which runs atop the Elysium blockchain. Key features of BOOST Lottery include custom tickets, NFT BOOSTERS, and…