Author: NBTC
Latest figures position USD1, the stablecoin linked to the Trump-aligned World Liberty Financial (WLFI), as the seventh-largest stablecoin by market cap—an impressive feat given its rapid rise. WFLI’s USD1 Stablecoin Play World Liberty Financial’s (WLFI) new stablecoin has secured a place among the top ten fiat-pegged cryptocurrencies by market capitalization. The token, USD1, now sits squarely between Blackrock’s BUIDL and Ethena’s USDTB, with a current valuation of $2.125 billion—predominantly issued on Binance Smart Chain (BSC). Democrats like Elizabeth Warren are not too pleased with the President’s stablecoin venture. A decisive 2.113 billion USD1 tokens—accounting for over 99% of total issuance—are…
With the asset currently trading close to the $103,000 range, Bitcoin (BTC) is once again attempting to break through the price action record. The market seems to be preparing for a new push toward higher highs after recovering important technical levels. However, investors should be closely monitoring three key price levels before Bitcoin can reach another all-time high (ATH). Initial barrier: $104,780 Around $104,780, which represented prior local highs in the early stages of the current rally, is the first significant resistance level. Just below this line, Bitcoin is presently consolidating; a clear breakout above it might lead to yet…
Nasdaq-listed DeFi Development Corp, formerly known as Janover, continues to raise Solana (SOL). Following the tactic of MicroStrategy, the largest institutional Bitcoin bull, DeFi Development announced that it purchased 172,670 SOL worth $23.6 million at an average purchase price of $136.81. With the latest acquisition, the company’s SOL holdings increased to 595,988 SOL, worth $102.7 million. “The latest acquisition marks the 10th Solana acquisition within DeFi Development’s digital asset treasury strategy and the largest to date. As with all previously purchased tokens, the most recently purchased SOL will be held long-term and deposited into various validators, including DeFi Dev Corp.’s…
Virtuals Protocol (VIRTUAL) is one of the hottest recovering tokens, boosting several other AI agents. However, on-chain data shows VIRTUAL has shifted to whale wallets, which control most of the supply. Virtuals Protocol (VIRTUAL) has seen more funds from whales, signaling accumulation in the past weeks. VIRTUAL recovered along with other AI agent tokens and is now about 63% down from its peak after weeks of smart money inflows. The buying interest of VIRTUAL led to a concentration of the token in the hands of top traders and whales. Based on Solana on-chain data, around 93% of VIRTUAL tokens are…
Bitcoin price may be on the verge of a big breakout to its all-time high, and analysts from Fundstrat, Ark Invest, Standard Chartered, and BlackRock expect it to keep rising in the coming years. One key theme among most analysts is that Bitcoin (BTC) is the digital version of gold, a top safe haven. Like gold, Bitcoin is a scarce resource with high demand, which explains why analysts see it as a store of value. Bitcoin has been one of the best-performing assets ever, as its price has moved from below $1 in 2009 to $104,000 today. Its market cap…
SOL Strategies (HODL), the Toronto-listed digital asset firm focusing on Solana (SOL), said on Tuesday it has acquired over $18 million worth of SOL tokens, using proceeds from a newly secured financing deal. The company purchased 122,524 SOL for $18.25 million at an average price of $148.96 per token, according to a press release. The acquisition follows the initial $20 million closing of a planned $500 million convertible note facility with investment firm ATW Partners, announced last month. Shares of the company slid 10% to around CA$2.6 in the early Tuesday hours of the session, extending the slump for late…
In my prior article on the mempool, I laid out a simple conceptual framework to reason about the basic functionality of the mempool, and how it was used by different kinds of users of the Bitcoin network. In this piece I will be looking at the differences between relay policy and consensus rules, and why by default Bitcoin nodes do not relay some types of bitcoin transactions despite being consensus valid. First and foremost, regardless of the peer-to-peer network refusing to relay certain kinds of consensus valid transactions, if those transactions were to find up in a miner’s mempool and…
A new report on cryptocurrencies has come from the Bank for International Settlements (BIS), which is skeptical of Bitcoin (BTC) and cryptocurrencies. On this point, the BIS recently published a paper titled “Empirical Analysis of Cross-Border Bitcoin, Ethereum and Stablecoin Flows.” Examining cross-border cryptocurrency flows and the driving factors behind the flows in 184 countries from 2017 to mid-2024, the BIS noted that capital flow measures had little impact on cryptocurrency transactions. The BIS noted that capital flow management measures have almost no restrictions on crypto transactions, and on the contrary, they may even facilitate the growth of crypto trading…
The Financial Times has uncovered how insiders made $99.6 million on the MELANIA memecoin. According to the report, the insiders bought the token a few minutes before its official launch and cashed out big on the trade. The report identified 24 addresses that bought 16.77 million of the Melania Trump-affiliated tokens for $2.6 million within two and a half minutes before she posted it on her Truth Social account. Melania shared details of the token late on January 19, causing a trading frenzy in the crypto market as MELANIA’s price rose significantly. Interestingly, most of the addresses sold off the…
As Michael Saylor showed in a recent post, Strategy (formerly MicroStrategy) continues to double down on its Bitcoin-first model – and the latest numbers give a clear picture of how the approach is playing out behind the scenes. According to the update, the company’s Bitcoin (BTC) yield for the year so far stands at 15.5%, which adds up to a $7.2 billion dollar gain from its BTC holdings alone. Strategy currently holds 568,840 BTC, with the total value of that position reaching about $58.9 billion. The company bought that Bitcoin at an average price of $69,287, while the current market…