Author: NBTC

As noted by James Check, the lead analyst for Glassnode, business intelligence firm MicroStrategy has a cost basis that is identical to that of your average Bitcoin buyer. Glassnodes’s True Market Mean (TMM) metric estimates the cost basis of all coins acquired on secondary markets. The firm claims that TMM is “one of the most accurate models available” for determining the aggregate on-chain acquisition price of the leading cryptocurrency. As reported by U.Today, MicroStrategy started the last month of the year with another stunning Bitcoin purchase, adding $1.5 billion worth of Bitcoin. The company’s average purchasing price currently stands at…

The year 2024 has been a turning point for the cryptocurrency market, characterized by major milestones such as the launch of spot Bitcoin ETFs, the Bitcoin halving in April, and the unexpected support of President-elect Donald Trump. Best and Worst Performing Crypto Stocks of 2024: MicroStrategy and Core Scientific Lead the Gains These developments have fueled optimism and volatility in crypto markets and have significantly impacted crypto-related stocks. While some companies have thrived by leveraging market momentum and strategic moves, others have faced operational challenges and falling stock prices. Here’s a detailed look at the best and worst performing crypto…

While XRP has experienced a notable price drop amid the broader pullback, several upcoming developments could potentially turn the tide for XRP. As of today, XRP briefly dipped below $2 and is struggling to recover, currently trading at $2.13 at the time of writing. This represents a massive 21% loss in its weekly price trend. In light of this, XRP enthusiasts are turning their attention to three key factors that could reignite bullish momentum for XRP. These developments are expected to have a direct impact on the token’s price. Ripple’s RLUSD Stablecoin Set to Go Live Ripple is preparing to…

Binance expands lending options with USUAL token and stablecoin investment. As of Dec. 25, 2024, Binance announced that the Usual protocol (USUAL) token would be added as a new borrowable asset under its Pledged Loan program. The move hopes to increase borrowing flexibility by enabling users to use assets from Binance Earn—Binance’s platform for earning rewards on crypto holdings—as collateral and benefit from real-time annualized returns. The inclusion of USUAL into Binance’s flexible lending portfolio is in line with the platform’s growing focus on stablecoin innovation. Recently, Binance Labs invested in the Usual protocol, a decentralized stablecoin issuer backed by…

Morpho Labs, a decentralized finance infrastructure, has launched its highly anticipated Public Allocator on DeFi Saver. It is a groundbreaking solution that addresses liquidity challenges across the markets of decentralized finance (DeFi). The Public Allocator ensures sufficient liquidity to meet borrowing demands across different Morpho markets. It dynamically reallocates funds supplied through the vaults of Morpho. Morpho users can now leverage @MorphoLabs’ Public Allocator on DeFi Saver.The Public Allocator provides just-in-time liquidity. Its main purpose is to reallocate funds supplied through Morpho Vaults and ensure there is enough liquidity to meet borrowing needs in different Morpho… pic.twitter.com/JiPZ2QL0bY — DeFi Saver…

Thanks to numerous factors, cryptocurrency regained some legitimacy in 2024 following the calamities of the ‘crypto winter.’ These include the industry’s massive lobbying expenditure, approval of investment vehicles such as spot Bitcoin (BTC) exchange-traded funds (ETFs), and the anticipated crypto-friendly nature of the incoming Trump administration. Under such circumstances, it is hardly surprising that many U.S. politicians – generally known as savvy and prolific traders – have started engaging with the sector. Since the start of 2024, there has been no shortage of filings showing Congresspeople buying meme coins, as well as more established coins and tokens such as Bitcoin…

Elon Musk, the SpaceX and Tesla CEO, made an indirect reference to Pepe (PEPE) on Tuesday morning DEC 10. The mention made the meme coin price move positively. Following the reference, the asset surged 2.3% after the social media tag. The crypto currently has a market cap of $10.67 billion and its trading volume rose by 78.34% over yesterday. In Tuesday’s post, Musk mentioned PEPE, and so far, the tweet received 517.8k views at the time of writing. The post shows Elon Musk’s explosive influence on the crypto market. Demented nightmare fuel 🤣🤣 pic.twitter.com/di2K5FZpDK — Elon Musk (@elonmusk) December 10,…

As the end of 2024 approaches in Turkey, where regulatory efforts regarding cryptocurrencies continue, a new change has been made. While this regulation was published in the official gazette today, new obligations were imposed on cryptocurrency exchanges. Accordingly, exchanges will now have to constantly monitor their transactions and customers. In addition, controls on cryptocurrency transfers have been increased and exchanges have been required to verify their identities for transactions of 15 thousand TL and above. Accordingly, comprehensive identity verification has been made mandatory for cryptocurrency transfers exceeding 15 thousand TL. In this context, the sender will have to present their…

The daily realized profits of Bitcoin have dropped 42%, signaling reduced profit-taking amid market consolidation Bitcoin has experienced notable volatility over the past week, fluctuating between $92,000 and $98,000. After peaking at $99,400, it faced strong resistance and has since traded in a narrow range. Currently priced at $95,782, Bitcoin has increased 1.93% in the last 24 hours and 1.57% over the past week. Reduced Profit-Taking Activity In light of these fluctuations, Glassnode, an on-chain analytics firm, suggests that Bitcoin’s market dynamics have shifted into consolidation. The data reveals a significant decline in daily realized profits, which have dropped by…

Aave and Lido have collectively surpassed $70 billion in net deposits for the first time in history, according to Token Terminal. Aave leads the way with $34.3 billion, slightly ahead of Lido Finance at $33.4 billion. The two protocols together account for 75.25% of the $89.52 billion allocated to the top five decentralized apps, the highest ever in December 2024. The two projects together account for 45.5% of the total funds allocated among the top 20 DeFi apps, accounting for $67.42 billion of the $148 billion in total net deposits in the sector. LDO leads the way in total value…