Author: NBTC
This is a segment from The Drop newsletter. To read full editions, subscribe. Gunzilla Games’ GUN token — for its Off The Grid game and Avalanche subnet Gunz — is now live. GUN climbed up 12% since its launch early Monday morning, but has since fallen slightly. As of 11:30 am ET Monday, its price was $0.09. The token had a market cap of roughly $60 million at that time, with 604 million GUN in circulation out of a possible 10 billion. GUN already has a trading volume of $126 million just a few hours after launch, per CoinGecko data.…
BlackRock CEO Larry Fink has reaffirmed his bullish stance on Bitcoin, citing record-breaking demand for the firm’s iShares Bitcoin ETF (IBIT). “I’m very bullish on the long-term viability of Bitcoin,” Fink said in an interview with FOX Business News. He expressed surprise at the unprecedented retail interest in IBIT. “I would never have predicted we were going to see this type of retail demand,” he said. IBIT, launched in January 2024, has quickly become the fastest-growing ETF in history, overtaking Grayscale, the long-time leader in Bitcoin ETF investments. Related: BlackRock to Launch Bitcoin ETP in Europe, Following US Success IBIT’s…
A massive PEPE transaction has caught the attention of the crypto community, as a crypto whale makes his first-ever accumulation of the frog-themed cryptocurrency. According to on-chain analytics platform SpotOnChain, 375.35 billion PEPE worth $3.73 million were withdrawn from crypto exchange Binance by a wallet address marked “0xf37” some hours ago, which is the whale’s first-ever PEPE accumulation. The move is part of a larger trend in which whales have been scooping up meme coins like PEPE and WIF from Binance, according to Spot On Chain. The PEPE whale is not the only one making major moves today. In recent…
Minecraft-esque crypto voxelverse and world-building game Hytopia is asking creators to build web-based mini-games with its development kit and help from AI, offering cash prizes to the creators of the best three games in a new artificial intelligence “vibe coding” competition. The competition will be open for the next 14 days, after which judges will take a week to evaluate the vibe-coded outputs. Vibe coding is a popular new term for coding via conversation with an AI assistant, whereby users of all skill levels can simply “vibe” on thoughts and ideas and not stress about lines of intricate code, leaving…
A newly proposed bill in North Carolina, House Bill 506 (HB506), seeks to establish a state investment authority with the authority to allocate a portion of public funds to cryptocurrencies, including Bitcoin. According to a report by Bitcoin Laws, the legislation would create the North Carolina Investment Authority (NCIA), an independent body headed by the state treasurer with the authority to invest up to 5% of various state funds in digital assets. While some reports have described the bill as creating a “Bitcoin reserve,” HB506 does not actually create a state-held BTC fund with mandated assets. Instead, it follows a…
Binance co-founder and former CEO Changpeng Zhao, widely known in the community as CZ, has taken to his official account on the X social media platform (Twitter in the past) to reveal to the BNB community a curious case. He also warned them against falling for it so as not to lose their money. 😂 A tricky situation. A BNB Chain team member just told me this:”We did the step by step video education for launching meme token on https://t.co/74psayTeug platform. In this video, we launched a token named TST as the example.When we posted the education video yesterday,… https://t.co/lD77CaQDCj…
The GUN token tied to popular battle royale game Off the Grid launched Monday with the mainnet rollout of the Avalanche L1-based GUNZ gaming network. And ahead of the in-game mainnet integration, GUN has continued to fall in value over the course of the day. GUN is currently priced just above $0.76, down over 24% since launch per data from CoinGecko. GUN rose as high as $0.115 earlier Monday, but then has dipped by nearly 34% in the hours since touching that peak. It’s common for newly launched tokens to quickly peak and then lose value as more users get…
US President Donald Trump has increased pressure on the Fed to cut interest rates, arguing that falling food and energy prices justify such a move. However, sources suggest that if the central bank does not meet his demands, Trump may take an even harsher step and dismiss Fed Chairman Jerome Powell. Trump has long expressed frustration with the Fed, but tensions have escalated following its decision last week to keep interest rates steady at 4.25% to 4.5%. The president has appeared on Truth Social and in public to press for lower interest rates, saying lower borrowing costs would stimulate economic…
US President Donald Trump has increased pressure on the Fed to cut interest rates, arguing that falling food and energy prices justify such a move. However, sources suggest that if the central bank does not meet his demands, Trump may take an even harsher step and dismiss Fed Chairman Jerome Powell. Trump has long expressed frustration with the Fed, but tensions have escalated following its decision last week to keep interest rates steady at 4.25% to 4.5%. The president has appeared on Truth Social and in public to press for lower interest rates, saying lower borrowing costs would stimulate economic…
US President Donald Trump has increased pressure on the Fed to cut interest rates, arguing that falling food and energy prices justify such a move. However, sources suggest that if the central bank does not meet his demands, Trump may take an even harsher step and dismiss Fed Chairman Jerome Powell. Trump has long expressed frustration with the Fed, but tensions have escalated following its decision last week to keep interest rates steady at 4.25% to 4.5%. The president has appeared on Truth Social and in public to press for lower interest rates, saying lower borrowing costs would stimulate economic…