Author: NBTC
Michael Novogratz’s crypto investment firm, Galaxy Digital, has offloaded another 12,500 Ethereum to the Binance exchange, continuing a trend of large-scale transfers. This latest movement follows a similar deposit of 12,500 ETH on April 12. Collectively, the firm has sent Binance 25,000 ETH worth over $40 million in the last three days. Ethereum Deposits and Market Impact Notably, the latest transfer saw Galaxy Digital move Ethereum tokens in separate transactions. These include 2,500 ETH, valued at $4.05 million, and 10,000 ETH, valued at $16.32 million. The April 12 movements included 4,500 ETH, valued at $7.11 million, and 8,000 ETH, valued…
Analysts have pointed to several factors that could contribute to an XRP price explosion as investors push to secure a spot within the XRP rich list. XRP has been at the forefront of major discussions amid its potential and its surprising run from last November to January 2025. With recent developments signaling a potential breakout, several key factors could propel its price to new heights. As a result, market commentators like Edoardo Farina have suggested that investors hold a substantial amount of XRP to ride on the projected run. For instance, Farina argued last December that investors who do not…
Ozean, the blockchain for Real-World Asset (RWA) yield launched by Clearpool, has announced a strategic collaboration with RedStone, a modular oracle network provider. This collaboration aims to integrate RedStone’s secure and fast data feeds into the Ozean ecosystem, especially increasing the tokenization of RWAs and providing reliable data prices for decentralized applications (dApps) on the protocol. Through this collaboration, Ozean aims to provide a secure, fast, reliable, and transparent environment for users to earn yield in RWAs. 🌊 Ozean Partners with Leading Oracle Provider @redstone_defi to Strengthen RWA Integration in DeFi♦️ RedStone’s secure, modular oracle infrastructure will power reliable, low-latency…
The cryptocurrency market, along with traditional stock markets, experienced a significant downturn in the first quarter of 2025. This market downturn is attributed to both trade war fears and diminished user sentiment, as indicated by the declining net unrealized profit/loss. BTC Dominance Rises After ending 2024 on a high note, the cryptocurrency market took a hit in the first quarter of 2025, with bitcoin ( BTC) ending March nearly 12% lower than its Jan. 1 price of approximately $93,500. However, when contrasted with its Jan. 20 peak—Donald Trump’s inauguration day—of just over $109,000, BTC’s value at the end of March…
Steer Protocol is excited to announce its groundbreaking partnership with Kima Network to redefine the future of cross-chain financial operations. This alliance strives to tackle DeFi’s most addressed issue across blockchain networks and ensure secure and seamless stablecoin swaps across multi-blockchains. The decentralized finance (DeFi) landscape experiences the challenge of achieving decentralized interoperability that is truly secure and seamless. Through this partnership, both entities aim to introduce complementary and powerful technologies. In this way, the collaboration strives to build a major step forward across the infrastructure of decentralized finance (DeFi). In DeFi strategies, the Steer Protocol is an automated infrastructure…
Ethereum has re-entered a multi-year trading range, showing continued weakness with no signs of bullish momentum. With price now hovering near the channel midpoint, technical indicators suggest the potential for a full rotation back to the range low — a level that could trigger either a major bounce or historic breakdown. Ethereum’s price action (ETH) is flashing serious warning signs as it struggles to hold any bullish structure after falling back into a critical multi-year trading range. Since its rejection from higher levels, ETH has followed a textbook bearish pattern: re-entry into the range, a bearish retest, and now consolidation…
Tron leads April 2025 blockchain revenue with $11.2M, driven by high user activity. Ethereum dominates TVL but lags in revenue due to lower daily active addresses. Solana records highest user activity, while Base and Arbitrum show rising revenue potential. According to newly released data from Phoenix Group, Tron posted the highest blockchain revenue in April 2025, pulling in $11.2 million over the month. The earnings positioned Tron at the top of the revenue chart and highlighted growing disparities between high-activity chains and those with larger total value locked (TVL). While Ethereum continues to dominate TVL, its revenue performance fell short…
Bitcoin’s DeFi ecosystem may finally be ready to take on the big players, as a new project leverages Bitcoin’s inherent security. Bitcoin’s DeFi ecosystem has gained a new player, Babylon, that could shape its future. In a recent report, Nansen called the project potentially one of the most undervalued plays on Bitcoin’s DeFi ecosystem. Critically, Babylon enables users to earn staking rewards in Bitcoin terms without relying on wrapped assets or cross-chain bridges. In doing so, the protocol leverages Bitcoin’s inherent security and decentralization, offering a safer and more native alternative for staking. You might also like: Bitcoin DeFi shouldn’t…
3iQ Corp. has tapped Figment as the primary staking provider for its new Solana Staking ETF (TSX: SOLQ), which officially launches on the Toronto Stock Exchange on Wednesday at 9:30 AM EST. The announcement represents the first product of its kind in North America to incorporate native Solana (SOL) staking rewards into an exchange-traded format. SOLQ gives investors regulated, exchange-traded access to Solana’s native staking yield, traditionally reserved for crypto-native users who either run validator nodes or delegate tokens to existing validators, without the complexity of self-custody or direct protocol interaction. Figment, a longtime Solana ecosystem player and one of…
As Bhutan battles youth migration and economic strain, its prime minister says Bitcoin mining offers a path forward, and others should follow. Bhutan, a Buddhist kingdom on the eastern edge of the Himalayas known for its monasteries, seems to be placing a strong bet on Bitcoin (BTC) as a possible way to ease its economic problems despite the notorious risks linked to the cryptocurrency’s price swings. In an interview with Al Jazeera, Bhutanese prime minister Tshering Tobgay called state-backed Bitcoin mining “a simple strategic choice that many people have made and earned billions of dollars,” adding that “governments should do…