Author: NBTC
The ETH market recorded a 73.58% volume increase pushing the value to $2,088.88 as investors demonstrated robust interest in extending this uptrend. The Ethereum market shows growing investor confidence as its price rises 0.2% compared to Bitcoin prices. Analysts predict ETH will surpass $2,100 this month which might initiate a price rise until it reaches $2,500. Ethereum has witnessed a notable price surge, reaching $2,089.11. This marks a 3.55% increase within the past 24 hours, reflecting growing investor confidence and potential bullish sentiment in the market. The recent price movement places Ethereum within a daily trading range of $1,981.37 to…
The tokenization narrative remained one of the most successful categories of tokens, retaining its earnings in an otherwise bearish period. Led by Ondo (ONDO), the sector posted gains where all other token classes had a negative performance. RWA tokens were the only asset class to end the last month with a positive performance, besides Bitcoin (BTC). RWA tokens surpassed all other narratives, especially the AI agents sector, which erased over 70% of its value. In the past 24 hours, 46% of tracked RWA tokens were in the green, with 54% in the red. Trading volumes for the whole sector also…
Solana co-founder Anatoly Yakovenko has stated that there is no reason to build layer-2 (L2) solutions. According to Yakovenko, layer-1 (L1) solutions can be faster, cheaper, and more secure. “They aren’t slowed down by a glacially moving L1 data availability stack, or have to compromise security with complex fraud proofs and upgrade multisigs,” Yakovenko said. Yakovenko has also added that Solana actually generated a “measly” amount of data (roughly 80 terabytes per year) in response to a question about the storage limitations of L1 blockchains. Solana is competing with every L2 Earlier this month, he argued that users “can skip…
Widely followed crypto analyst Rekt Capital says that Bitcoin (BTC) is likely undergoing one of its final consolidation phases before making a run to new all-time highs. The pseudonymous trader tells his 536,000 followers on the social media platform X that Bitcoin has already completed its first state of upward price discovery uptrend, and that another bullish phase is on its way once support is established. “BTC is trying to trend reverse out of its 1st Price Discovery Correction History suggests over the next few weeks… Bitcoin should be able to embark on its 2nd Price Discovery Uptrend to new…
Today, TenEX announced a strategic partnership with Sphere. This alliance aims to improve the trading experience on TenEX’s platform and initiate a seamless connection between CeFi and DeFi. The first step in this collaboration is the integration with Sphere’s DEX platform. TenEX is a crypto payment platform that focuses on bringing traditional finance and cryptocurrencies, providing global users with ways to spend and manage crypto assets through cards and wallets. On other hand, Sphere (Sphere Finance) is a DeFi platform specialised for providing liquidity within the DeFi landscape. It has a native token, Sphere (SPHR) that allows investors to hold…
U.S. exchange-traded funds tied to ether (ETH) have seen $401 million in net outflows so far in March, wiping out gains from the first two months of the year. The redemptions represent nearly 6% of the total $6.77 billion in assets held by spot ether ETFs, according to data from SoSoValue. Just one day this month—March 4—saw positive inflows, with $14.58 million added. In comparison, January and February saw inflows of $101 million and $60 million, respectively. Spot bitcoin ETFs also faced withdrawals, with $893 million in net outflows this month, but the scale relative to assets under management, roughly…
Merlin Chain has today announced a strategic partnership with Quack AI to bring AI-driven governance to its crypto network. This alliance is a crucial milestone towards enhancing Merlin Chain’s system for decentralized governance. Merlin Chain is a Bitcoin Layer-2 network, specializing in improving Bitcoin’s potential through its advanced layer-2 infrastructure. Merlin Chain runs on top of the Bitcoin blockchain, designed to unleash Bitcoin’s full potential, to make it more efficient and accessible for a broader audience. One way Merlin performs this role is by allowing development of DApps on the Bitcoin chain. On the other hand, Quack AI is an…
Goldman Sachs has significantly increased its exposure to Bitcoin ETFs, nearly doubling its holdings in BlackRock’s iShares Bitcoin Trust (IBIT) and Franklin Bitcoin Trust (FBTC), according to recent SEC filings. The firm’s IBIT position surged by 88%, while its FBTC allocation grew by 105% compared to previous disclosures. Goldman Sachs’ Bitcoin ETF Holdings Increase The latest 13F filing shows Goldman Sachs has diversified its approach to Bitcoin-linked investments, combining direct ownership of Bitcoin ETFs with derivatives trading. The firm holds both call and put options on these ETFs, signaling an active strategy in managing its digital asset exposure. In November,…
Pendle reached $58 million TVL on Sonic just one month after its launch through flexible yield strategies. It supports staking, stablecoins, and BTC/ETH assets, boosting DeFi usability across networks. Pendle has recently caught the attention of the Sonic network. Just one month after its launch, the protocol has recorded a $58 million total value locked (TVL), according to Dune. That is not only a large figure on paper, it also captures the unquestionably great trust and excitement of the DeFi community. How Pendle Mixes It Up With Multi-Yield Tactics Behind this surge is an unusual strategy. Pendle does not rely…
Leading altcoin Ethereum has noted a 9% uptick in the past week as the broader cryptocurrency market attempts a recovery from recent lows. While the rally is partly fueled by the gradual resurgence in the general market’s bullet sentiment, two key on-chain metrics suggest that ETH’s momentum could strengthen further. ETH’s Supply Hits Yearly Low While Traders Bet Big On-chain data reveals that ETH’s exchange reserve has dropped to its lowest level this year. As of this writing, the metric stands at 18.32 million ETH, plummetting 7% from its year-to-date peak of 19.74 million coins reached on February 2. ETH…