Author: NBTC
Crypto traders are seeing reduced buying pressure as stablecoin outflows on Binance hit $310 million. This shows that investors are cautious. Meanwhile, Bitcoin’s MVRV ratio suggests that the price could still go up. Binance saw a record-breaking $13 billion inflow on December 5, but now outflows are dominating as investors play it safe. Because of this, Binance’s ERC-20 stablecoin reserves have dropped since mid-December, which means buying pressure is cooling off. At first, inflows were seen as a sign of market confidence, but now the outflows show that investors are locking in profits or being cautious. Analysts think this could…
While the sharp declines in Bitcoin and altcoins caused investors to suffer major losses, some investors also turned the recent decline into an opportunity. At this point, while Ethereum (ETH) experienced one of the biggest declines, whales who took advantage of this decline did not neglect to buy. According to Lookonchain’s post, a whale that was successful in finding the bottom has made a purchase again. Accordingly, the whale, which made purchases during the big decline in August 2024 and has over $1 billion worth of cryptocurrency in its portfolio, bought a large amount of ETH today. A wallet called…
On January 13, 2025, the cryptocurrency market experienced a remarkable surge, with several altcoins making impressive gains. Leading the charge was Fartcoin, which surged by a massive 48.33%, reaching a price of $1.12 with a trading volume of $206.42 million. This surge is indicative of growing interest in the token, as it stands among the top-performing assets of the day. According to Coinmarketcap, Fartcoin’s rise is the standout performance of the day, marking a significant shift in market sentiment. The token’s 48.33% increase was accompanied by a trading volume that surpassed $200 million, further underlining the growing attention on Fartcoin…
With the new Trump administration settling in, the cryptocurrency industry is witnessing a significant shift in regulatory direction. Ripple’s Chief Legal Officer Stuart Alderoty expressed optimism about the recent changes, calling them a much-needed reversal from the previous administration’s stance on digital assets. According to Ripple’s legal chief, the previous administration waged an “unspeakable war” on the crypto industry, aiming to drive innovation overseas rather than within the U.S. However, since Trump took office, the new administration has taken proactive steps to remove regulatory hurdles and make the U.S. a global leader in crypto. For Ripple, this policy change has…
Mythical Games kick-started a Super Bowl promotion on Thursday for its NFT-infused mobile game NFL Rivals, unlocking new cards exclusive from this year’s top teams, the Kansas City Chiefs and Philadelphia Eagles. The two-week promotion will bring to bear 30 new player cards of different rarities that players can earn via packs or campaigns. In addition to the new cards, the promotion will offer a variety of ways for users to earn rewards—including via Hero Events, where users can choose between two star offensive or defensive players to compete. In each week of the promotion, users will receive a ticket…
Various chains in the cryptocurrency market experienced significant capital flows in January. That is according to the latest data shared today by CryptoRank.io. Over the past 30 days of January, CryptoRank.io studied net capital flows of the top 10 Layer 1 and Layer 2 networks. It engaged in that activity to understand the direction of money flow in public chain protocols. Top 10 Chains With The Largest Net FlowsIn January, @Ethereum recorded a positive net flow of +$2.3B, whereas @Arbitrum experienced -$3.3B.@Solana and @Base continue attracting value from other networks, while @Starknet and @0xpolygon also recorded net Inflows. pic.twitter.com/c2A0a7ksVh —…
Despite the relatively overwhelming optimism about Bitcoin’s (BTC) prospects in 2025, with prominent price targets for the cryptocurrency ranging from $175,000 to above $800,000, it started the year with relative weakness. A recently unveiled court filing, dated December 30, 2024, might have offered some insight into the recent downward pressure. Specifically, Judge Richard Seeborg denied a motion to temporarily suspend permission granted to the Department of Justice (DoJ) to offload 69,000 BTC, Bitcoin Gold (BTG), Bitcoin SV (BSV), Bitcoin Cash (BCH), and other related assets seized by the government from the illicit Silk Road marketplace and valued at approximately $6.5…
Deploying a smart contract on the blockchain comes with significant risks. Since blockchain transactions are irreversible, a faulty contract can lead to permanent fund losses. That’s why testnets are essential – they allow developers to safely test their smart contracts, wallets, and dApps without putting real assets at risk. To mimic real blockchain conditions, testnets require tokens for transaction fees. Fortunately, these tokens have no real-world value and can be obtained for free through “faucets.” These services distribute testnet tokens, enabling developers to experiment in a risk-free environment. A Sepolia ETH faucet provides free ETH for the Sepolia testnet, allowing…
Hedera’s platform enables the tokenization of real-world assets like stocks and real estate. The Hedera Token Service and Consensus Service provide secure and scalable infrastructure for asset tokenization. Hedera Hashgraph is advancing real-world asset tokenization through its efficient tools and native cryptocurrency, HBAR. It provides easy and efficient ways for businesses and developers to create and manage tokenized assets in the market. According to a Hedera blog, the Hedera Token Service (HTS) allows for the simple creation and management of tokens on the Hedera network. It ensures regulation by implementing Know Your Customer (KYC) and Anti-Money Laundering (AML) measures on-chain.…
This is a segment from the Forward Guidance newsletter. To read full editions, subscribe. Newly-confirmed Treasury Secretary Scott Bessent now has an additional federal agency to oversee, and he’s hitting the ground running. Bessent was named acting head of the Consumer Financial Protection Bureau yesterday after President Trump fired Rohit Chopra. Chopra, a Biden-era nominee, was known for his aggressive regulatory approach at the agency, which saw major fines against names including Wells Fargo and Citigroup. Now, Bessent has essentially put the CFPB on lockdown. Staffers are to halt any litigation, investigation or enforcement proceedings and refrain from issuing public…