Author: NBTC
According to recent data from IntoTheBlock, Bitcoin (BTC) no longer moves in lockstep with the S&P 500. The correlation has reached zero, something that has not happened since November 2024 – just before the cryptocurrency surged past $100,000 per BTC. It is unknown how long such a divergence can last and if the positive effect we saw in November will be repeated this time. One good thing is that with all the important macro data coming out recently, perhaps the cryptocurrency market will find easier conditions, as, for example, the recent hotter than expected CPI data significantly affected Bitcoin and…
PancakeSwap leads the DEX market with $3.02B in 24-hour trading volume, expanding multi-chain support and security features. New innovations like SpringBoard and Orbs’ Layer 3 enhance PancakeSwap’s ecosystem, making it more accessible and efficient for DeFi users. The PancakeSwap platform has seen trading volume exceed $3.02 billion in the last 24 hours, making it the most active decentralized exchange (DEX). PancakeSwap is currently clearly leading the DeFi market with an indisputable expansion above its rivals. Still, what is actually fueling this explosion? PancakeSwap’s Multi-Chain Growth Brings New Opportunities This volume increase is not only the outcome of market momentum. PancakeSwap…
Coinbase is deepening ties with 145 U.S. government entities as the nation accelerates bitcoin adoption, signaling unprecedented institutional demand and a seismic shift in crypto policy. Coinbase Strengthens Ties With Governments as US Embraces Bitcoin Coinbase CEO Brian Armstrong highlighted the company’s expanding partnerships with government entities in a social media post last week. He shared: Across federal, state, and local, Coinbase now works with 145 government entities in the U.S. and 29 government entities outside the U.S. In the wake of the U.S. Strategic Bitcoin Reserve launching, we’re seeing many more take an interest. Emphasizing the company’s mission to…
The long-running legal tussle between Ripple and the US Securities and Exchange Commission (SEC) is dragging into overtime. The case is reportedly getting into a last-minute fight as both parties should be deciding over the terms. Reports revealed that two well-placed sources expect that final negotiations might be underway. However, crypto lawyer Jeremy Hogan suggests that the only way it could be resolved soon is through a private settlement agreement. Hogan hints at a private deal to skip court date Jeremy Hogan in an X post mentioned that the SEC and Ripple could privately agree on settlement terms. This move…
Bitcoin (BTC) remains consolidated in a tight trading range between $94,000 and $100,000, struggling to establish clear momentum amid lingering market uncertainty. At press time, BTC is trading at $96,907, posting a modest 0.16% gain. However, investor sentiment remains fragile, with U.S. spot Bitcoin ETFs recording a $430 million net outflow last week, marking a decline in institutional demand and adding pressure to BTC’s price action. Finbold AI predicts Bitcoin price target for March 1 As Bitcoin struggles to break free from its current range, Finbold’s AI-powered prediction tool has provided an updated outlook for its trajectory leading up to…
The convergence of decentralized finance and artificial intelligence has created a new narrative known as DeFAI in Web3. This concept is set to bridge the DeFi accessibility gap by using AI to reduce barriers to entry. Industry leaders expect DeFAI to be a transcendental success and urge builders to adopt its intrinsic characteristics now or risk being left behind. BeInCrypto spoke with experts from Mira, RogerThat, WOO X, and Offchain Labs to learn more about its use cases and potential for future innovation. The DeFi Challenge When Web3 experienced its first-ever decentralized finance (DeFi) boom in 2020, it represented a…
On Sunday, U.S. Treasury Secretary Scott Bessent described asset market corrections as healthy, suggesting a greater tolerance for pain before the much-anticipated policy support or the so-called ‘Trump put” for the market, is enacted. “I’ve been in the investment business for 35 years, and I can tell you that corrections are healthy, they are normal,” Bessent said Sunday on NBC’s Meet The Press, according to Bloomberg. “I‘m not worried about the markets. Over the long term, if we put good tax policy in place, deregulation and energy security, the markets will do great.” Bessent’s comment contradicts popular belief that the…
Sen. Elizabeth Warren (MA-D) recently sounded the alarm over new proposals on stablecoin legislation, claiming they’d give Elon Musk a “clear runway” to control U.S. money and payments. If that sounds overly-dramatic, it’s because it is. Here’s what these bills actually do: the GENIUS Act and the STABLE Act aim to create responsible guardrails for stablecoins, ensuring consumer protection and financial stability while encouraging innovation. Far from handing the keys to a single billionaire, they lay out clear standards so that no one — the world’s richest man or otherwise — can dominate payment infrastructure by sidestepping important safeguards. At…
Pump.fun’s revenue has hit a 4-month low, driven by a bottoming-out of its token graduation rate. According to DefiLlama data, Pump.fun’s protocol fee revenue is at $791,500 as of Mar. 17, a 94% drop from the $15.38 million peak on Jan. 25. This marks its lowest single-day value since November. Pump.fun daily fees and revenue chart | Source: Defilama In addition to the drop in revenue, the cool-off of memecoin frenzy on Pump.fun is also evident from the decline in the platform’s graduation rate—the number of memecoins that make it to Solana (SOL) decentralized exchanges contingent on meeting specific liquidity…
Data provided by the public blockchain tracker Shibburn has revealed that over the last day, the SHIB community has been burning its favorite meme coins quite actively and drove the burn rate way upward. In the meantime, the price of the second most popular meme cryptocurrency SHIB has dropped by over 3% since Sunday. SHIB burns up 1,190% The data source mentioned above unveiled that over the last 24 hours, several tens of millions of SHIB have been transferred to unspendable blockchain wallets, i.e. burned – 44,011,839 SHIB. The two largest burn transactions carried 20,809,760 and 20,490,768 and they were…