Author: NBTC
A veteran crypto trader has surprised the crypto community by using artificial intelligence (AI) coins to gain significant profits. As per Lookonchian, the trader generated huge gains of up to $17M with several AI tokens, sparking interest across the market. In this respect, it leveraged $GOAT, $ai16z, $Fartcoin, and $arc. In this respect, the trader reportedly targets low-cap tokens and carries out strategic moves to capitalize on them. This profit-taking strategy reveals the trader’s focus on portfolio diversification and calculated decisions for profits. What a smart #AI coin trader!Profits exceeded $5.14M on $GOAT.Profits exceeded $4.5M on $ai16z.Profits exceeded $4M on…
South Korea’s Supreme Court has sided with lower courts in deciding that TerraUSD and LUNA do not meet the criteria for financial investment products. Korea‘s Supreme Court has ruled that the collapsed stablecoin TerraUSD (USTC) and its sister token Terra (LUNA) are not financial investment products, rejecting a prosecution appeal and upholding earlier decisions, Korean newspaper Etoday reports. On Jan. 23, the court rejected prosecutors’ request to seize assets from Terraform Labs co-founder Shin Hyun-seong. The court agreed with lower courts that had already ruled LUNA does not qualify as a regulated financial product under Korea’s Capital Markets Act, stating…
Hong Kong’s regulator, Securities and Futures Commission (SFC) has granted a license to Bullish, a leading virtual asset trading platform. This approval brings the total number of licensed platforms in Hong Kong to 10. Bullish: The Tenth Licensed Virtual Asset Trading Platform in Hong Kong Bullish, which is owned by EOS developer Block.one, has also made waves by acquiring CoinDesk, a prominent media, event, and index platform. Liu Dehao, Bullish’s Senior Vice President and Head of Global Sales, emphasized in a recent interview that Hong Kong is a critical location for the company, with more than 100 employees currently based…
As 2025 begins, bitcoin’s price will be a key focus for investors and analysts. Following a strong rise in 2024, where bitcoin broke through a $100,000, experts are forecasting its potential value by the end of 2025. Predictions vary, with estimates ranging from $75,000 to $250,000, influenced by institutional adoption, regulatory developments, and macroeconomic trends. Institutional And Retail Adoption The approval and growth of U.S. spot bitcoin exchange-traded funds have driven bitcoin’s recent surge. BlackRock’s ETF, now the fastest-growing in history, has simplified access for investors. This growing participation demonstrates bitcoin’s universal appeal as a finite, globally accessible asset. Globally,…
Ethereum is consolidating above the key $2.5K support, reflecting market indecision and low trading activity. This sideways movement indicates an equilibrium state, with buyers and sellers awaiting a decisive breakout to determine the next trend. Technical Analysis By Shayan The Daily Chart Following a rebound above the $2.5K support region, ETH has faced low trading activity, leading to choppy price action. The asset has been experiencing a period of sideways consolidation, reflecting market indecision. Considering the significance of the $2.5K level as a psychological support and the potential demand in this range, a bullish rebound is expected, targeting the 200-day…
Australian digital assets market maker Zerocap has partnered with CoinDesk Indices to offer Australia’s first options-based structured products on the CoinDesk 20 Index (CD20), the company said at Consensus Hong Kong. The partnership introduces sophisticated and tailored investment strategies usually found in traditional markets, a significant advancement for the cryptocurrency industry. It will allow institutions and other sophisticated market participants to take risk-managed diversified exposure to digital assets that go beyond just bitcoin and ether while offering additional features like downside protection, volatility management and yield enhancement. The new offering demonstrates the increasing demand for scalable and diversified institutional-grade cryptocurrency…
The modern digital economy is changing at an incredible pace. Online trading, which just a few years ago was seen as a convenient alternative to traditional shopping, has now evolved into a fully-fledged global industry. Alongside this, cryptocurrencies have emerged as a new financial sector. They have become not just an investment tool but the foundation of a global digital payment system. To ensure this process remains stable, transparent, and forward-looking, specialised crypto regulators have emerged. These organisations are now setting the standard for the future of financial markets. The traditional regulatory bodies are not equipped to oversee cryptocurrency activities…
Bitcoin wallet UniSat has introduced Hexa, a hybrid trading engine designed to offer a seamless trading experience while maintaining self-custody. By combining the self-custody of a decentralized exchange with the user experience of a centralized exchange, Hexa, which was announced on Feb. 19, seeks to provide a seamless and secure trading experience. Among the Bitcoin (BTC) assets that users can trade on Hexa are BRC-20 tokens, Runes, Taproot Assets, and native stablecoins. Because the platform is protocol-agnostic, it can support a wide variety of asset types without any restrictions. It also gives users access to the top 100 Bitcoin assets…
Earlier today, Coinbase Prime Custody addresses linked to MicroStrategy transferred $793 million worth of Bitcoin to new wallets, according to data provided by cryptocurrency analytics platform Arkham Intelligence. Arkham originally identified MicroStrategy’s on-chain holdings back in February. The firm found out that most of its holdings were pooled with other Fidelity clients. A portion of its holdings was also in segregated custody, which includes Coinbase Prime. Coinbase announced that it was selected as MicroStrategy’s primary execution partner back in December 2020. The latest transfers are highly likely to be internal arrangements. As reported by U.Today, MicroStrategy recently announced its eighth…
Data from Santiment, an analytic blockchain platform, shows Ethereum’s transaction fees have dropped to $0.41, a huge decrease from the $15.21 high seen over the past two years. The data, shared via their X account, notes that the network generally does not experience heavy congestion when transaction fees are low. 💸 The average fee of an Ethereum transfer currently sits at just $0.41, in contrast to the $15.21 high point of the past 2 years. When Ethereum transaction fees are low, it usually means the network is not overly crowded. When users are not paying high prices to move their…