Author: NBTC

On-chain data reveal a significant decline in Bitcoin (BTC) network activity, reaching a new one-year low. Daily transactions have dropped from an all-time high of 734,000 in September 2024 to 346,000, representing a 53% drop. The CryptoQuant Bitcoin Network Activity Index now stands at 3,760, the lowest it has been since February 2024. According to the index, overall Bitcoin network activity has declined by 15% since it peaked in November 2024, and its current level at 3760 is the lowest it has been in a year. Daily transactions have also more than halved, a decline that could signal a potential…

Crypto markets are rattled, but one major asset is bleeding particularly hard on Wednesday: XRP. The fourth-biggest cryptocurrency by market cap is right now the biggest loser out of the top 10 coins and tokens, having dropped by nearly 11% in 24 hours, according to CoinGecko. Its price currently stands at $2.41. Zooming out further, the Ripple-linked XRP has shed 21% of its value over a seven-day period. It’s tied with Dogecoin for the biggest loss among the top 10 coins during that span. And open interest for the coin now stands at a monthly low of $3.52 billion worth…

Ethereum price has fallen below the critical $1,800 support level. The price fell to an intraday low of $1,754, as the market kept looking at major support and resistance levels. Analysts believe that the ETH price direction would depend on whether it will continue consolidating or retrace lower. Ethereum Price Tests Key Support at $1,762 Ethereum price trend over the past few days shows a series of bearish candles, reflecting a 12% decline. Price action has bounced on the S1 pivot support at $1,762 which is a very critical zone in which the price has previously rebound. Analysts highlight that…

This is a segment from The Drop newsletter. To read full editions, subscribe. The shooter game Off The Grid has faced some disapproval — and some praise — over a purported confidential letter. The letter in question was reportedly emailed to Gunzilla Games’ private investors in regard to its GUN token that became tradeable on Binance this week. GUN launched on Monday and hit a $68 million market cap within hours of launch, but that number has since fallen to $40 million. The letter references a SAFT, or a Simple Agreement for Future Tokens, that means investors gave the company…

Arthur Hayes, the former BitMEX CEO, has called out US president Donald Trump’s proposed Bitcoin Strategic Reserve (BSR), labeling it a political disaster waiting to happen. He dropped this bombshell in the part 2 of his tryptic essay series The Genie, where he shredded the fantasy of a federal BTC stockpile as misguided and dangerous. “What can be bought can be sold,” Arthur said, adding that politicians would turn BTC into a political football, destabilizing its price for short-term gains. Arthur also went after Elon Musk’s Department of Government Efficiency (D.O.G.E), calling it an empty spectacle designed to distract voters.…

Aptos Labs has announced a major breakthrough, revealing that its new blockchain execution engine, Shardines, has unlocked 1 million transactions per second for Aptos. On Feb. 5, the Aptos Labs team stated that the sharded execution engine has enabled the Layer 1 blockchain Aptos (APT) to achieve horizontal scalability. This milestone allows Aptos to process up to 1 million TPS for non-conflicting transactions and more than 500,000 TPS for conflicting transactions. “With Shardines, we can achieve near-linear throughput scaling, surpassing 1 million TPS on our 30-machine cluster,” Aptos Labs wrote in a blog post. You might also like: Sharding tech…

Ethereum price started another decline and traded below the $1,850 level. ETH is now consolidating and facing key hurdles near the $1,850 level. Ethereum struggled to continue higher above the $1,980 resistance level. The price is trading below $1,860 and the 100-hourly Simple Moving Average. There was a break above a connecting bearish trend line with resistance at $1,810 on the hourly chart of ETH/USD (data feed via Kraken). The pair must clear the $1,850 and $1,880 resistance levels to start a decent increase. Ethereum Price Attempts Recovery Ethereum price failed to continue higher above $2,050 and started another decline,…

The makers of fantasy role-playing game RavenQuest will launch the QUEST token on the gaming-focused Ethereum layer-2 network Immutable zkEVM on Wednesday. Developed by Tavernlight Games, the free-to-play massively multiplayer online role-playing game—or MMORPG—released for PC on March 14. Now the studio is launching RavenQuest’s native token to “fuel” its economy. “QUEST is not waiting for a use case,” the game posted on X (formerly Twitter). “It plugs directly into a live game where utility isn’t a future promise, it’s reality.” We flipped the Script: Game First, Token Second. RavenQuest isn’t just as cinematic trailer or demo. It’s a live,…

The total market cap of the 14 U.S.-listed bitcoin (BTC) miners tracked by JPMorgan (JPM) dropped 25% in March, the third-worst monthly performance on record, the Wall Street bank said Tuesday. Only one stock, Stronghold Digital Mining (SDIG), outperformed bitcoin (BTC) last month, the report noted. Miners with high performance computing (HPC) exposure underperformed pure-play miners for the second month in a row. “We note valuations today are at the lowest levels relative to the block reward since the collapse of FTX in the Fall of 2023,” analysts Reginald Smith and Charles Pearce wrote. The average network hashrate inched higher…

Bitcoin price started another decline below the $100,500 zone. BTC is trimming gains and might continue to move down toward the $95,000 zone. Bitcoin started a fresh decline below the $100,000 level. The price is trading below $98,800 and the 100 hourly Simple moving average. There is a connecting bearish trend line forming with resistance at $98,000 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could start another increase if it stays above the $95,000 zone. Bitcoin Price Dips Below $98,000 Bitcoin price failed to continue higher above the $102,500 zone. It started another…