Author: NBTC
A massive whale sell-off flooded the market with over 4 million LINK, driving the price down to $19. Crypto analyst Ali Martinez shared his observation in an X post, pointing out that large holders controlling between 1 million and 10 million Chainlink (LINK) reduced their holdings by over 4 million LINK starting Feb. 2, 2025. Whales have offloaded 4.13 million #Chainlink $LINK in the last 48 hours! pic.twitter.com/B0ELv4wEAb — Ali (@ali_charts) February 5, 2025 The decline in whale holdings appears to have put downward pressure on LINK’s price, which fell from over $21 to around $19. A similar whale sell-off…
Japan is taking a significant step toward reshaping its approach to cryptocurrency regulation. By 2026, the Financial Services Agency (FSA) plans to reclassify crypto assets as financial products under the Financial Instruments and Exchange Act. This shift will bring cryptocurrencies under the same regulatory framework as stocks and bonds, subjecting them to insider trading rules and stricter oversight. The decision reflects Japan’s shifting stance on digital assets. Initially recognized primarily as a payment method, cryptocurrencies have grown into an investment class with increasing market influence. As blockchain technology and cashless transactions gain momentum, integrating crypto into the broader financial system…
Gold (XAU) is reaffirming its status as a safe haven asset amid ongoing fears of a U.S.-led trade war, while bitcoin (BTC) struggles to gather upside traction. The dynamic is driving the bitcoin-gold ratio lower. The ratio between bitcoin’s USD price and gold’s per ounce dollar price has dropped to 34, the lowest since Nov. 14, almost testing the previous peak hit in March 2024, data from charting platform TradingView show. It’s down 15.4% since hitting a peak above 40 in mid-December. Gold’s year-to-date surge of nearly 10% to a per-ounce record price of $2,877 has been driven by safe-haven…
An attempt to relaunch ENRON as a crypto token ended in crash, as the new meme token was sniped and sold immediately. The ENRON project decided to go the way of decentralized meme tokens but went through a pump and crash just hours after launching. Enron launched as promised, choosing to start with a meme token and immediate DEX trading. The new asset, ENRON, had a wild ride, pumping and crashing within hours of its trading start. The Enron project appeared in December, claiming to revive the bankrupt corporation and its brand as a new energy company. Two months later,…
Kristin Smith, the longtime chief executive of the Blockchain Association, a leading lobbying group for crypto policy in Washington, is leaving next month to take a role as president of the new Solana Policy Institute, according to a Tuesday announcement. “I am incredibly proud of what we’ve accomplished together and confident that the organization’s future is bright,” Smith said in a statement. Earlier this week, Miller Whitehouse-Levine founded the organization and announced his position as CEO shortly after stepping down from the Defi Education Fund. Though the group hasn’t yet clarified its source of funding, its website said it will…
Mastercard is developing a blockchain-powered Multi-Token Network to connect traditional financial institutions with the digital asset space. The initiative, led by Raj Dhamodharan, Mastercard’s executive vice president of blockchain and digital assets, aims to provide a compliant, user-friendly experience for moving digital assets, similar to Venmo or Zelle, according to Business Insider Mastercard is positioning itself as a key infrastructure provider in the growing blockchain ecosystem. By integrating its vast payment network with blockchain technology, the company seeks to enable seamless transactions between fiat and crypto markets. Dhamodharan highlighted that financial institutions are increasingly interested in blockchain due to its…
Bitcoin’s (BTC) price remains stuck in a tight range, struggling to gain momentum despite recent attempts to break above resistance. President Trump’s Crypto Czar, David Sacks, recently called Bitcoin an “excellent store of value,” yet the statement has had little visible impact on price action. Sellers appear to be regaining control, as BTC’s DMI indicates increasing bearish pressure, while whale accumulation remains weak compared to recent highs. With BTC trading between $97,700 support and $99,500 resistance, its next major move will likely determine whether it revisits lower levels or makes another push toward $100,000. BTC DMI Shows Sellers Are Gaining…
The crypto landscape continues to evolve with a growing number of protocols securing significant total treasuries. These funds reflect not only the financial strength of the protocols but also the increasing trust and investment from the crypto community. Mantle, Uniswap, and Optimism dominate the ranks, holding impressive positions with multi-billion-dollar treasuries, indicating their vital roles within the ecosystem. TOP 15 PROTOCOLS BY TOTAL TREASURY#Mantle $MNT #Uniswap $UNI #Optimism $OP #ENS $ENS #Arbitrum $ARB #Cardano $ADA #Ethereum $ETH #Golem $GLM #Gnosis $GNO #Lido $LDO #Aave $AAVE #Olympus $OHM #CowSwap $COW #Fei $FEI #Beam $BEAM pic.twitter.com/NfTEcJ2dxj — PHOENIX – Crypto News &…
Today, H.B. 4258, which authorizes the state’s comptroller to invest up to $250 million in bitcoin has been referred to the state’s Delivery of Government Efficiency Committee, which is Texas’ version of the United States federal government’s DOGE. The bill was originally introduced to the Texas House of Representatives on March 11, 2025, and was sponsored by two Democratic Congresspeople — Rep. Ron Reynolds and Mihaela Plesa. Under the proposed legislation, Texas’ comptroller would have the power to invest funds (up to $250 million, as mentioned) from the state’s Economic Stabilization Fund — colloquially referred to as the state’s “Rainy…
Off the Grid creator Gunzilla Games added a Bored Ape Yacht Club-themed content pack Wednesday as part of an “Ape-ril” promotion for Pro subscribers of its battle royale game. The pack contains two new Bored Ape-inspired skins or avatar designs, along with two Ape-themed guns and two fresh emotes that allow users to “go apeshit” or “hump for dominance” when celebrating their in-game achievements. “Time to go full ape sh*t with two Bored Apes battling for clout, coin, and chaos,” the game’s official account posted on X (formerly Twitter), alongside a promotional trailer that features Apes running around inside the…