Author: NBTC
In the past 24 hours, CryptoPunks have seen a flurry of buying activity as its floor price climbs to 42 ETH per NFT. According to data on its official site, the Yuga Labs-backed NFT collection has seen 19 sales of its unique pixelated avatar heads in the past 24 hours. The recent surge in CryptoPunks buyer activity has brought the number of transactions up by 18.75%, bringing the NFT collection to the second largest spot, according to data from CryptoSlam. So far, the top purchase in the past 24 hours is CryptoPunk #2301, showcasing an avatar with an eyepatch and…
China is making moves that could impact the entire cryptocurrency market. There are reports suggesting that the country is considering launching a strategic Bitcoin reserve and may soon lift its crypto ban. This has created buzz, especially for altcoins tied to Chinese blockchain projects, as they stand to benefit from the country’s growing interest in digital assets. Hashkey CEO recently said, “I think there is the possibility the mainland China government will reconsider their stance towards the crypto and Web3 industry.” China’s Shift Toward Crypto China’s push into cryptocurrency seems driven by its desire to compete with the U.S. and…
Layer-1 blockchain TON said it is linking up with interoperability protocol LayerZero to allow users to move funds between multiple ecosystems in a relationship that will generate increased usage and fees for both parties. TON will initially be connected to 12 blockchains including Ethereum, Tron and Solana. Users will be able to transfer stablecoins to TON using Stargate, the largest crypto bridge. Stargate handled $1.6 billion in volume over the past month, according to DefiLlama. Users will also benefit from LayerZero’s multichain liquidity, which allows funds locked in different blockchains to be pooled to reduce the chance of slippage —…
Disclaimer: The analyst who wrote this piece owns shares of Strategy (MSTR).Strategy (MSTR), the U.S. company that’s made buying bitcoin (BTC) a key corporate policy, recently expanded its financial toolkit with the introduction of a second Series A perpetual preferred stock, adding to its growing line of capital market instruments. The company is selling 8.5 million shares of the new offering, called Strife (STRF), at $85 each, giving it a net $711.2 million for bitcoin purchases. That’s up from an initial target of $500 million. The sale ends later Tuesday. Strategy’s earlier preferred issuance, Strike (STRK), initially raised $563 million.…
Prominent crypto wallet provider Trust Wallet has introduced support for the XRP Ledger network, which will allow users to transact with XRP and XRPL tokens through their wallets. In their announcement, the Trust Wallet team wrote: “This token support integration is a key milestone in bringing even more exciting features to the Trust Wallet ecosystem. By enabling XRPL token functionality, we’re laying the groundwork for deeper interoperability and expanded use cases within the XRPL network.” Despite legal disputes with the Securities and Exchange Commission (SEC), XRP has seen impressive growth over the past few years. According to Ripple Labs CEO…
Ki Young Ju, a prominent analyst and founder of CryptoQuant, has shared an on-chain insight into the trading activities of Bitcoin (BTC). In a post on X, Young Ju jokingly expressed how Bitcoin whales feel despite their market action over the past few years. Massive whale sell-off fails to suppress Bitcoin According to the analyst, Bitcoin whales have dumped $142 billion worth of BTC onto the market since 2023. For clarity, in 2023, Bitcoin’s price was around $20,000, and steady dumping action by these whales commenced from then. Since the price of BTC has climbed to about $97,000, traders have…
A new study on South Korea reveals a significant surge in domestic cryptocurrency ownership, with over 9.6 million investors by the end of last year. Older South Koreans Increasingly Keen on Crypto A recent study highlighting data from South Korea reveals a significant surge in domestic cryptocurrency ownership, with the number of investors exceeding 9.6 million by the end of last year. This represents a remarkable 52.6% increase compared to the previous year, underscoring a growing embrace of digital assets within the South Korean population. Notably, the study also indicates a substantial rise in ownership among older demographics, with one…
More high-net-worth investors are jumping into Bitcoin (BTC) and digital assets, according to an industry insider. In a new interview with CNBC, Michael Sonnenfeldt says digital currencies are “really exciting” for members of his organization. Michael Sonnenfeldt is the founder and chairman of Tiger 21, a peer advisory organization for high-net-worth entrepreneurs, investors and executives. According to Sonnenfeldt, Bitcoin and gold have distinct use cases, noting that the precious metal is used to seek refuge in times of global instability. “We have some members that are all in. It’s become a gold substitute. Gold isn’t an inflation hedge, it’s an…
Blackrock Inc. and Emirates NBD, a top bank based in Dubai, are developing a new platform that will make it easier for investors in the Middle East to access growing private markets. The product will give Emirates NBD’s high-net-worth clients access to private loans and other assets. It will be built on BlackRock’s Alternative Investments platform, which manages more than $450 billion in assets. It is also supported by over 1,000 personnel in more than 50 countries. On the other hand, Emirates NBD is one of the biggest banks in the MENAT (Middle East, North Africa, and Turkey) area. It…
Build Real-World Solutions on IOTA TL;DR:The IOTA Foundation’s Product Adoption Department is launching an initiative to support real-world solutions on the upcoming IOTA Rebased Mainnet. Throughout 2025, businesses can apply for funding up to €100,000, along with technical, marketing, and strategic support for projects in tokenization, decentralized identities, supply chain tracking, and more. The program is open to businesses at any stage, focusing on applications that address real-world challenges. Approved applicants will define milestones with the IOTA Foundation before launching on the upgraded Mainnet. For details, email [email protected]. We see public, permissionless Distributed Ledger Technology (DLT) as a transformative…