Author: NBTC

BNB Smart Chain, a Binance-backed smart contract platform built around Binance Coin (BNB) cryptocurrency, is witnessing impressive growth in recent weeks. By trading activity and user onboarding metrics, it outshined both major rivals Solana (SOL) and Ethereum (ETH). BNB Smart Chain metrics are rocketing: DEX volume surpasses Solana, Ethereum BNB Smart Chain saw its TVL increase by 6% in seven days only, outperforming other major programmable L1s. Such calculations were shared by DWF Ventures, a VC arm of major market maker DWF Labs. BNB ecosystem’s top DEX, PancakeSwap, generated $2.7 billion in daily volume and even surpassed Uniswap, a dominant…

Shiba Inu (SHIB) has seen a major bounce in the burn rate metric, a trend that pares off the downturn recorded in the past few days. According to data from Shibburn, the SHIB burn rate jumped by 2,004.92% in 24 hours. At least five different wallets were responsible for the uptick in this metric. Shiba Inu gets needed boost The market data shows that exactly 14,279,657 SHIB are permanently removed from circulation. This is not an unusual trend for the Shiba Inu ecosystem, as this latest move has triggered the burning of 410,744,431,658,176 SHIB. Per the Shibburn data, the top…

Bitcoin has struggled to break the $100,000 mark since early February amid recent market volatility that has left the leading coin in a holding pattern. However, a new report suggests that this trend may soon change, with two indicators pointing to a bullish uptrend. Bitcoin Bull Cycle Not Over Yet, Analyst Says According to CryptoQuant’s pseudonymous analyst MAC_D, “the Bitcoin market’s bull cycle is not yet over.” This is based on the analyst’s assessment of the leading coin’s realized market capitalization and the proportion held by its long-term holders (LTHs). Bitcoin’s realized market capitalization, which measures its total value at…

Crypto exchange Gemini will safeguard assets for Evolve’s leveraged Bitcoin and Ether ETFs, which aim to optimize returns through cash borrowing. Winklevoss-founded cryptocurrency exchange Gemini will serve as the custodian for Canadian asset manager Evolve Funds’ newly launched leveraged Bitcoin (BTC) and Ethereum (ETH) exchange-traded funds, LBIT and LETH, which began trading on the Toronto Stock Exchange on Tuesday, offering what Evolve calls “modestly leveraged” exposure to retail investors. In a blog announcement, Gemini said the ETFs aim to provide investors with 1.25x exposure to BTC and ETH, using cash borrowing instead of derivatives to amplify returns. Unlike traditional levered…

IP crypto surged by as much as 81.4% in the past 24 hours of trading after the project secured listings on multiple exchanges following its Layer-1 mainnet launch. According to data from CoinGecko, Story’s token rose to an intraday high of $2.16 on Feb. 14, with its market cap standing at $456 million. The rally was accompanied by a massive surge in demand and activity, with its daily trading volume soaring by over 400,000% to hover around $347 million. IP was one of the best-performing assets in the crypto market on the day and was trending on Coingecko when writing.…

Spot Bitcoin exchange-traded funds in the United States experienced their fourth consecutive day of outflows on Feb. 13, with a total loss of $156 million, primarily driven by withdrawals from Fidelity’s FBTC and ARK 21Shares’ ARKB. According to SoSoValue data, the 12 spot Bitcoin ETFs recorded $156.69 million in net outflows, representing a 37.6% drop from the $251.03 million in outflows recorded the previous day. Fidelity’s FBTC led outflows for the fourth consecutive day, with $94.46 million exiting the fund, followed by ARK 21Shares’ ARKB with $52.73 million. Additional outflows included: Bitwise’s BITB: $15.69 million Franklin Templeton’s EZBC: $8.35 million…

This is a segment from the Empire newsletter. To read full editions, subscribe. Manifest, a firm focused on bringing US private equity real estate onchain, raised a $2.5 million round to bring together real estate and DeFi. The round was led by VanEck Ventures with participation from Compound, Lattice Fund and SALT. This is the latest company on CEO Nathaniel Sokoll-Ward’s resume. He’s been a career founder, having founded other firms like Roostify, which focused on mortgages. After a stint in Argentina to spend time in a space that embraces crypto, Sokoll-Ward and his co-founder came up with Manifest, a…

Speculation around XRP inclusion in a U.S. reserve has triggered discussions about whether the XRPL could attain Systemically Important Financial Market Utility (SIFMU) status. The conversation sprang up after Bradley Kimes, founder of Digital Perspectives and the XRP Las Vegas Conference, posed a question to X’s AI chatbot Grok regarding the implications of this development. Kimes asked whether adding XRP to a national reserve stockpile would elevate the XRPL to a SIFMU designation. In response, Grok assessed the situation and noted multiple factors necessary for the classification. So I asked Grok. If XRP is added to a Strategic Reserve Stockpile.…

NEW YORK — With the U.S. government’s help, the crypto industry will become a dominant in finance, U.S. President Donald Trump said Thursday. Crypto is “as big as you can get,” he said during a five-minute taped speech at the Digital Asset Summit in Manhattan. Trump was met by a full room of attendees, many of whom entered the room just before his scheduled speech and who immediately vacated after he wrapped up. “Pioneers like you will be able to improve our banking and payment system and promote greater privacy, safety, security and wealth for American consumers and businesses alike,”…

Coinbase reports a surge in institutional and consumer transaction revenues, with XRP accounting for 14% of earnings per coin. Leading crypto exchange Coinbase released its Q4 earnings yesterday. It revealed quarterly revenue of $2.3 billion and transaction revenue of $1.6 billion, up 88% and 172% from the previous quarter, respectively. Meanwhile, Vet, an XRPL dUNL validator, highlighted a feature of the quarterly report that interested the XRP community. In a tweet, he pointed out that XRP outpaced assets like Ethereum and Solana in percentage contribution to Coinbase’s transaction revenue. XRP Is One of The Most Traded Assets on Coinbase in…