Author: NBTC

A crypto whale has recently experienced massive losses. As per Lookonchain, the crypto whale, formerly having pocketed $10M in gains in $swarms, has lost $63,400 in $SOL, indicating the highly risky nature of the crypto trading. The on-chain analytics provider provided the details of this incident on social media. A whale who made over $10M profits on $swarms lost 298 $SOL($63.4K) by accidentally purchasing the wrong token. Since Dec 20, this whale bought 58.95M $swarms($12.48M) at $0.038, making a profit of 10.25M, bought 29.52M $ZAILGO($2.67M) at $0.024, making a profit of $1.96M, and… pic.twitter.com/Ra8v6B3Sb8 — Lookonchain (@lookonchain) January 3, 2025…

Argentine President Javier Milei will visit Washington this week to ask for US President Donald Trump’s help in securing funds from the International Monetary Fund (IMF) while negotiating an exemption from trade tariffs proposed by the Trump administration. The visit comes as Milei faces backlash at home over his “brief” promotion of the memecoin LIBRA, which investors and lawyers claim was a rug pull project. The Argentine leader hopes to meet with former President Trump as part of his push for a new IMF agreement to stabilize his country’s struggling economy. As reported by local news publication Buenos Aires Herald,…

Swiss blockchain infrastructure provider Taurus has announced a new confidential token standard for institutions. Taurus, a Swiss digital asset infrastructure provider backed by Deutsche Bank and Credit Suisse, has introduced an open-source confidential token standard for debt and equity tokenization for financial institutions to tokenize financial assets on public blockchains while keeping customer privacy intact. The smart contract is designed in collaboration with the Aztec Foundation to give issuers control over who can see information about tokenized assets without compromising compliance, the Swiss firm said in a press release shared with crypto.news. The tech uses Aztec Network’s layer-2 protocol and…

Giw Zanganeh, VP of Energy and Mining at stablecoin giant Tether, has announced a new initiative to amend Switzerland’s constitution in order to add Bitcoin to the balance sheet of the Swiss National Bank (SNB). Earlier today, it was published in the Federal Gazette (Bundesblatt), which kickstarts the signatures collection phase. The initiative will have to secure a total of 100,000 manuscript signatures from Swiss citizens until June 30. If successful, it will be reviewed by the Swiss Federal Assembly, the country’s the federal bicameral parliament. The reserves of the SNB are diversified across various fiat currencies and vast gold…

Sky (formerly MakerDAO) governance is grappling with the implications of an emergency proposal executed today that alters MKR’s role within the ecosystem. Pitched as a necessary move to protect protocol security, these changes’ swift approval has instead ignited debates over transparency, process integrity and the risk implications for DAI/USDS. The proposal eliminates the longstanding 5% exit fee on MKR withdrawals, significantly expands borrowing against MKR collateral and raises borrowing rates — while simultaneously lowering liquidation thresholds. Critics argue these measures increase the protocol’s risk of exposure, particularly given that MKR now has one of the highest loan-to-value (LTV) ratios in…

Ethereum (ETH) price is turning bullish after weeks of trading below $3,000, a level it has not broken since February 2. The shift comes as capital appears to be flowing out of Solana and into Ethereum, with stablecoin inflows and rising TVL supporting its momentum. Meanwhile, Ethereum’s price chart shows short-term EMAs moving higher, signaling a potential golden cross that could push ETH toward $3,020. If this trend continues, ETH could see a 22% rally, while a failed breakout may lead to another retest of key support levels. Stablecoin Assets are Flowing From Solana to Ethereum Amid controversy surrounding Solana…

Cardano (ADA) has again breached the $1 mark, pushed by bullish sentiment in the cryptocurrency market. ADA users have bet heavily on the coin, as revealed by a significant uptick in Open Interest (OI). The 9.7% surge took place in the last 24 hours. Binance leads Cardano Open Interest trend CoinGlass data, a crypto analytics platform, shows that the Cardano Open Interest surge saw futures traders committing 893.31 million ADA, a return to peak levels. This is worth $953.47 million at current market value. This indicates confidence and sustained interest from investors in the Cardano community. Interestingly, the figures were…

After months of rapid expansion, Bitcoin’s hashrate growth slowed down in January, according to the latest report from TheMinerMag. The network’s difficulty saw its first decline since September, indicating that even though publicly listed companies have kept increasing their hash power, their growth isn’t enough to compensate for the capitulation of other, probably smaller operators. The total revenue made from bitcoin (BTC) mining remained stable at $1.4 billion for the month. Publicly traded mining companies, which collectively hold 99,000 bitcoin (worth roughly $9.7 billion), accounted for about 30% of the hashrate market share in January. Competition between the biggest publicly…

Understanding BNB Chain’s New Meme Token Initiative The cryptocurrency space continues to evolve, and meme tokens have emerged as a significant gateway for new users entering the Web3 world. Recognizing this trend, BNB Chain has launched a comprehensive support system called the BNB Chain Meme Liquidity Program. This initiative, which began on February 18, 2025, provides $4.4 million in liquidity support to strengthen the meme token ecosystem within the BNB Chain network. Program Structure and Rewards The Memecoin Liquidity Program operates on two distinct timelines: daily and weekly competitions. Each competition track offers substantial rewards to qualifying projects that meet…

Michael van de Poppe, crypto trader and analyst, has published a tweet to explain what is happening to the Bitcoin price at the moment, why is all the correction that the market has been facing and what is likely to come next. The correction is taking place due to a big factor, according to Poppe, which is the USDT FUD that has been flooding the crypto market now. Many on the X social media network this week have been speculating on Tether’s USDT topic, assuming as of December 30, this popular stablecoin would be banned in Europe and delisted from…