Author: NBTC
Hong Kong-listed firm, EDA Group Holdings Limited has announced a proposed investment in cryptocurrencies, aligning with its AI + Blockchain business development strategy. The Board of Directors has approved a plan to invest up to USD 5 million in cryptocurrency, for the company’s diversification strategy. EDA Plans $5 Million Cryptocurrency Investment The proposed investment is designed to integrate cryptocurrency into the Group’s asset portfolio, with a focus on long-term value appreciation. As per the official statement, EDA also aims to leverage blockchain technology to enhance its cross-border e-commerce logistics operations. By building a “blockchain-based warehouse network,” EDA Group seeks to…
A crypto whale has recently made a bold decision to acquire $jailstool tokens. As per Lookonchain, the whale has spent up to $8.1M in $SOL to purchase 75.98M $jailstool tokens after already getting a profit of nearly $29.6M via $TRUMP. The on-chain analytics platform revealed this whale activity on its official social media account. This guy previously made a profit of $29.6M by trading $TRUMP.Today, he spent 39,550 $SOL($8.1M) to buy 75.98M $jailstool($15.2) at $0.1066, becoming the largest holder of #jailstool, with an unrealized profit of over $7M. https://t.co/RN5fXx11CWhttps://t.co/LFz2FE9vGX pic.twitter.com/An7S0xbLcx — Lookonchain (@lookonchain) February 9, 2025 Whale Buys 75.98M $jailstool…
The Ethereum Foundation’s (EF) historical selling of its Ethereum holdings has long been a point of interest for the crypto community, with many speculating about its influence on Ethereum’s price. However, new insights from CoinGecko are challenging this widely held belief, suggesting that these sales might not have as significant an impact on the token’s price as previously thought. https://twitter.com/coingecko/status/1904428067390640611 CoinGecko’s latest study examined the correlations between the EF’s ETH sell-offs and changes in Ethereum’s price over different timeframes, specifically 3-day, 7-day, and 30-day windows. The findings indicate that smaller ETH sales, those involving less than 9,000 ETH, showed no…
Gate.io, KuCoin, and MEXC are set to list Walrus’s WAL token later today, following its mainnet launch and token generation event. According to a recent official announcement, crypto exchange Gate.io will list Walrus (WAL) for spot trading against USDT on March 27 at 10:00 AM UTC. The token will be available exclusively on the Sui network. While users can already make deposits, withdrawals will be available starting at 10:00 AM UTC on March 28, 2025. From March 27 to April 8, users can also stake their tokens to earn additional WAL every hour, based on the proportion of assets they…
Washington is exploring real-time crypto payments, and Republicans are at the forefront. According to reports, there are pubs and entertainment venues that exclusively accept crypto payments. Here comes the future of crypto in popular businesses. The first case involves a bar in DC that was popular with Republican staffers. Apparently, it announced that it was closing and would be replaced by a bar that only takes crypto like Bitcoin as payment. Pubkey, a bar in Greenwich Village that describes itself as a “vibrant bitcoin community,” had taken over the lease of Hill Country. Hill Country is a popular Texas barbecue…
The cryptocurrency market is bracing for significant token unlock events between February 10 and February 17. According to Tokenomist, the total value of these unlocks is expected to top $742 million. These events, split into cliff unlocks and linear unlocks, could seriously affect the liquidity and price action of several cryptocurrencies. Tokens with individual unlock values over $5 million include big names like CONX, SAND, APT, SOL, WLD, DOGE, and others. According to Tokenomist, the single unlocking amount in the next 7d will be greater than $5m, including CONX SAND APT BERA ARB AVAX ZKJ ATH STRK SEI CYBER XCN,…
Recently, Ethereum (ETH) is trading at $2,073.84, showing a modest 0.79% decrease in the last 24 hours. This decline, though modest on a daily basis, comes on the heels of a 26.02% fall over the last 30 days. The longer-term decline suggests that despite periods of recovery, ETH has been under persistent selling pressure amid broader market uncertainty. This divergence between short-term fluctuations and longer-term trends is typical in volatile crypto markets, where investor sentiment can swing rapidly based on external factors such as regulatory news, macroeconomic events, or technological updates. Ethereum Price Analysis The RSI is currently near 50,…
Hong Kong-based crypto firm HashKey has launched a new initiative to rate cryptocurrencies and exchanges in a bid to enhance market transparency and compliance. Cryptocurrency trading group HashKey has unveiled a new initiative to rate cryptocurrencies and crypto exchanges in Hong Kong to help the local crypto businesses align with regulatory framework for virtual assets, issued by the Securities and Futures Commission. In an X post on Thursday, March 27, HashKey said it partnered with the Hong Kong Virtual Asset Rating Company, which will provide three key services: virtual asset ratings, exchange ratings, and virtual asset indices. According to HashKey,…
GameStop’s announcement on Wednesday that it would sell convertible debt to buy Bitcoin and bolster its balance sheet seems contrary to its past approach to digital assets. In recent years, the video game retailer debuted an ill-fated NFT platform and sold large quantities of IMX, the native token of Ethereum layer-2 network Immutable X. GameStop now appears to be following the path of Bitcoin hodler Strategy, saying it will offer $1.3 billion worth of convertible senior notes and potentially use proceeds to start stockpiling the largest cryptocurrency by market value. Strategy, which began acquiring Bitcoin in 2020, now holds more…
Crypto firm Gemini announced that it will serve as the custodian for the newly launched Evolve Levered Bitcoin ETF (LBIT) and Evolve Levered Ether ETF (LETH). These ETFs began trading on the Toronto Stock Exchange on Tuesday. As per the official statement, Both ETFs are designed to provide investors with leveraged exposure to the crypto market, aiming to amplify returns while adhering to strict security and regulatory standards. The launch marks a milestone as Canada’s first modestly leveraged crypto ETFs available to retail investors, offering a new level of flexibility and opportunity in the crypto space. Unlike traditional leveraged ETFs…