Author: NBTC

Bitget is set to burn more than 30 million BGB for the first quarterly burn of 2025. The crypto exchange has recently updated its burn mechanism according to on-chain usage. According to a press release sent to crypto.news on April 9, the crypto exchange will be using a new burn mechanism for its native token that takes into account more of its on-chain usage. The new mechanism uses a utility-based model to calculate the amount of Bitget Tokens (BGB) to burn. The updated burn formula directly links quarterly burn volumes to the amount of BGB paid to on-chain gas fees…

Bitcoin (BTC) has outperformed Ethereum by over 85% in realized market capitalization growth, according to data provided by on-chain analytics platform Glassnode on April 10. As such, Bitcoin has not only dominated Ethereum as the largest cryptocurrency by market capitalization, but has also flipped Ethereum in their total invested capital, represented as realized capitalization. This data comes amid a volatile market situation which saw leading cryptocurrencies showing mixed signals as they returned to the red zones after experiencing significant rallies during the previous day. According to CoinMarketCap data, Bitcoin has decreased by 3.50% to $79,563.20 over the last 24 hours.…

The value of the leading altcoin, Ethereum, has plunged to its lowest point since March 2023, signaling a steep decline in market confidence. This has happened amid the broader market’s downturn, which was exacerbated by Donald Trump’s Liberation Day. Compounding the bearish sentiment, the ETH/BTC ratio has now dropped to a five-year low, indicating that Bitcoin is gaining relative strength against Ethereum. ETH/BTC Ratio Hits 5-Year Low as Traders Flee ETH’s price decline has pushed the ETH/BTC ratio to a five-year low of 0.019. This ratio measures ETH’s relative value compared to BTC. When it rises, it indicates that ETH…

The Shiba Inu team has teased rolling out fresh opportunities soon and larger innovations in the future, calling for calm amid the market downside. The crypto market has seen intense volatility amid growing macroeconomic headwinds. Bitcoin’s collapse to $76,000 has spilled to prominent assets like Ethereum and Shiba Inu. Notably, the doggy-themed, lighthearted meme coin, the second largest in the meme sector, has also suffered from the onslaught. Shiba Inu has retraced 9% in the past seven days, extending its year-to-date decline to 48%. Nonetheless, the Shiba Inu ecosystem team sees this downside as temporary. In a recent X post,…

Over the past seven days, the non-fungible token (NFT) market has witnessed many high-value transactions, especially regarding some of the biggest collections in the space. CryptoPunk #3100 sold for 4,000 ETH, roughly $6.06 million, according to data released on April 24, 2015. While there have been broad market fluctuations, the recent figures indicate sustained demand for digital collectibles. Leading NFT Collections The top-tier NFT sales this week will be led by CryptoPunks, which secured multiple of the top spots in assets that had accumulated the most. Other notable sales in the same period include CryptoPunk #1182 for 142 ETH ($207.64K)…

A deepening selloff in the crypto market has sent the second-largest cryptocurrency, Ethereum, trading at levels last seen in two years. The crypto plunged to trade at nearly $1,500, erasing billions in value and triggering widespread liquidations. As bearish sentiment takes hold, traders are questioning whether ETH can stabilize or if a plunge toward $1,000 is the next chapter. Ethereum’s recent price action points to a possible downward pressure. Technical Breakdown Aligns With On-Chain Weakness The token, now hovering around $1,500, Ether, is on clear downward momentum. The crypto is trading below both the 50 and 200 moving averages. Ether…

The South Korean crypto markets experienced a 400% increase in trading volume over the past 24 hours following reports that President Donald Trump was considering a 90-day suspension of tariffs, which also affected South Korean exports. A White House spokesperson has debunked the reports as fake news. Trading activity on South Korean crypto exchanges experienced a dramatic surge in volume over the past 24 hours after unverified reports circulated online claiming that the United States has suspended tariffs. Fake news of tariff suspension ignites South Korean markets On April 7, 2025, a misleading news headline claimed that US President Donald…

Cryptocurrency analyst and trader Ali Martinez, known on the X social media platform as @ali_charts, has published recently accumulated analytics data about the recent activities of Dogecoin large holders known within the community as “whales.” Whales dispose of 1.32 billion DOGE Over past few days, they have unloaded an astounding amount of roughly 1,320,000,000 DOGE meme coins. The drop in their holdings over the past 48 hours was detected by the on-chain data company Santiment, whose chart Martinez shared with his X followers. Whales sold over 1.32 billion #Dogecoin $DOGE in the last 48 hours, as shown by data from…

Neptune Digital Assets Corp. has expanded its Bitcoin treasury to 401 BTC as of April 10, 2025. The Vancouver-based firm claims it still has its Bitcoin (BTC) at an average price of $31,564—significantly below the 2024 average of $65,901 and the $67,458 average paid by institutional players like Strategy (formerly MicroStrategy). The move builds on Neptune’s earlier purchase of 20 BTC and 1 million Dogecoin (DOGE) between late December and early February, bringing its total Bitcoin holdings from 376 to 401 BTC. Neptune’s disciplined, cost-efficient strategy has helped it outperform many corporate treasuries in terms of acquisition cost, bolstering its…

On a morning when the charts turned red before the coffee even cooled, Ethereum (ETH) found itself in territory not seen since the end of 2023, dipping below $1,500. The 16.3% drop over the past week puts the major altcoin behind the general crypto market’s decline of 9.5%. Now trading nearly 70% below its 2021 peak of $4,878, the question has shifted from “how low” to “how much lower.” In the middle of all that, Peter Schiff’s commentary did not exactly make everyone feel any better, as he thinks Ethereum will probably keep going down. The crypto skeptic pointed out…