Author: NBTC
Just three hours ago, a significant Bitcoin whale made another headline by depositing 778 BTC, or roughly $72 million, into Kraken. Given that the whale has deposited 3,038 BTC worth around $286 million into the exchange since Dec. 20, which coincided with the most recent market decline, this activity follows a regular pattern. Even with these substantial withdrawals, the whale still has a sizeable holding of 24,665 BTC, which is worth about $2.27 billion. Since whale activity has the ability to affect market sentiment and price direction, it should not be ignored. Consistent deposits into Kraken suggest a potential liquidation…
Decrypt’s Art, Fashion, and Entertainment Hub. Discover SCENE A lot of rockets have taken off under Elon Musk’s watch, but the tech CEO and SpaceX co-founder just boosted one billed as digital ejaculate—for the second time. The price of CumRocket (CUMMIES) had jumped 68% Friday, hovering above $0.007 a day after Musk posted a meme on X (formerly known as Twitter) bearing the obscure token’s name. In Musk’s post, the popular internet meme Pepe the Frog is depicted communicating with the IRS, discussing the tax implications of on-chain activity involving “cumrocket” and “NFTitties.” Musk’s post may have referenced the IRS’s…
The ongoing divide between the XRP and Bitcoin communities have deepened amid discussions about which assets should be included in the proposed U.S. strategic crypto reserve. Technology entrepreneur Jason Calacanis weighed in, taking to X (formerly Twitter) to assert that XRP is a “centrally controlled security.” In his post, Calacanis questioned the legitimacy of XRP as a decentralized asset, stating, “If the SEC allows it to trade like Bitcoin, then securities law will be worthless.” He warned that allowing XRP to operate like Bitcoin could create chaos in the markets, with potential for startups and funds to offload large amounts…
Soneium, a popular Ethereum L2 blockchain, has joined forces with Reactive Network, a prominent execution layer that offers complete EVM compatibility. The integration of Reactive Network into Soneium aims to build a relatively accessible and interconnected blockchain ecosystem. The platform revealed this integration on its official X account. Soneium is now integrated as an origin and destination chain in Reactive Network by @parsiq_net 🛠️ For Soneium developers, this boosts efficiency in building applications across ecosystems via Reactive Smart Contracts (RSCs) and the ReactVM.🏢 For businesses, it creates a… pic.twitter.com/i125KaphxR — Soneium 💿 (@soneium) February 19, 2025 Soneium Partners with Reactive…
Will the Bitcoin (BTC) price sustain above $90K as the resistance trendline dominates the price chart? Bitcoin’s price faces bearish pressure, with a breakdown below $93,000, marking a 1.12% drop in the past 24 hours. The CMC Fear and Greed Index has declined to 48, reflecting growing uncertainty among investors. As BTC struggles to surpass key resistance levels, technical indicators suggest potential downside risks, while analysts remain divided on the possibility of a bullish rebound. Bitcoin Price Analysis Respecting the long-coming resistance trend line in the 4-hour chart, the BTC price continues a bearish trend. As expected in our last…
Supra, a Layer-1 (L1) blockchain, is launching its DeFi Revolution campaign to empower builders and users in decentralized finance (DeFi), according to the most recent reports shared with Finbold on Thursday, February 20. With the campaign, Supra promises more MultiVM support, more advanced in-protocol oracles, native on-chain randomness, cross-chain communication, and additional automation capabilities. These advancements — auto-liquidations, automated arbitrage, and network-wide automation — aren’t incremental improvements. They’re redefining DeFi in an entirely new way. This is the foundation of The DeFi Revolution, and it belongs to all of you.https://t.co/8W0Yg4sPSJ — Supra (@SUPRA_Labs) February 20, 2025 Supra’s automation framework The…
This is a segment from the Lightspeed newsletter. To read full editions, subscribe. Lightspeed put together an anonymous survey and circulated it to Solana founders to get an honest peek into what they think of other ecosystems, VCs, startups and more. The questions included a range of choices and a write-in slot that has been edited for grammar and clarity. The results from our 42-founder poll: Founders also said: “None. If not solana, I wouldn’t be in crypto.” Founders also said: “Unfair to choose a single one” Founders also said: “Asia-based VCs who only ape in based off who the…
The Internal Revenue Service (IRS) will fire 15,000 employees next week, right in the middle of tax season, according to a report from AP. The mass termination is happening under Elon Musk’s Department of Government Efficiency (D.O.G.E.), a temporary agency created by executive order to cut federal jobs and slash government spending. The layoffs come after the Trump administration ordered all federal agencies to terminate probationary employees who haven’t secured civil service protection. It’s unclear if more IRS workers will be affected, but sources say the cuts are happening fast. IRS blocks tax season workers from taking buyouts The administration…
Bitgert, a prominent blockchain platform, has forged collaboration with Taτsu, a leading player in the world of decentralized AI. The partnership focuses on revolutionizing the interactions within the digital asset sector. The platform took to social media to announce this exclusive collaboration. Bitgert X Taτsu Partnership 🚀We’re excited to announce a strategic partnership with @TatsuEcosystem!Tatsu, a top 10 $TAO validator and member of the #Bittensor senate, continues to innovate within the network. They are also developing multiple subnets, with the Document… https://t.co/hPjtr6jBRr — Bitgert – $BRISE (@bitgertbrise) February 19, 2025 Bitgert Partners with Taτsu to Advance Interactions with Digital Assets…
As the US approaches its debt ceiling, analyst James Van Straten has suggested that January 20, 2025 (President-elect Donald Trump’s inauguration day) could be a significant bottom for Bitcoin in its current cycle. In a recent analysis, Van Straten highlighted Treasury Secretary Janet Yellen’s letter to congressional leaders warning that the U.S. could reach its debt limit between January 14 and 23, 2025. Yellen called on Congress to take immediate action to “preserve the full faith and credit of the United States,” noting that “extraordinary measures” may be needed to prevent a federal default. The looming debt ceiling has already…