Author: NBTC
The crypto market keeps witnessing turbulence, with diverse assets seeing huge losses. As per Lookonchain, a $PEPE whale has incurred a massive loss after selling 85B $PEPE tokens for 1.51M $USDC. This event indicates the rising uncertainty in the crypto market. As the market dropped, a whale sold 85B $PEPE for 1.51M $USDC at a loss 1 hour ago.This whale still holds 180.8B $PEPE ($3.2M) and has incurred a total loss of $1.74M.https://t.co/pt1BIxEr2v pic.twitter.com/0QKE3Tlu20 — Lookonchain (@lookonchain) January 9, 2025 The on-chain analytics provider asserted that the sheer market slump of $PEPE has led to the respective losses. The incident…
U.S. Customs and Border Protection are reportedly seizing Bitcoin mining rigs. Among several promises made to the crypto industry on the campaign trail, President Donald Trump emphasized that he wanted Bitcoin to be “made in the USA.” But the U.S.’s desire to get one up on China may now be hindering this goal. Customs Hold on To Bitcoin Mining Equipment at Great Cost to Miners U.S. Bitcoin mining firms are facing significant delays in receiving new equipment amid seizures from Customs and Border Protection under the direction of the Federal Communications Commission, Blockspace reported on Wednesday, February 12. This report…
As 2025’s start gets underway, Michael Saylor, executive chairman and co-founder of MicroStrategy, has revealed the key thing he’s thinking of. In a tweet, Saylor wrote, “Thinking Bitcoin.” This is hardly surprising given that Saylor is an ardent Bitcoin advocate, and under his leadership, MicroStrategy has become one of Bitcoin’s major corporate holders. The corporation has no intention of backing down, with plans to raise $2 billion in capital through public offerings of perpetual preferred stock in the first quarter of 2025. Thinking about Bitcoin. pic.twitter.com/aV42LzSjBp — Michael Saylor⚡️ (@saylor) January 4, 2025 According to a press release issued Jan.…
Clearpool secures a strategic partnership with io.finnet to deliver institutional DeFi lending solutions into the io.finnet secure digital asset infrastructure ecosystem. Through their collaboration io.finnet provides institutions with an easy connection to decentralized credit markets supported by their secure self-custody technology. 🚨 Clearpool Partners with @iofinnet to Integrate Institutional DeFi Solutions 🚨⛓ This collaboration enables institutional investors to seamlessly access Clearpool’s credit markets via io.finnet Apps while leveraging $CPOOL within io.finnet’s self-custody framework.Learn… pic.twitter.com/A7EC6nZ0NY — Clearpool (launching Ozean🌊) (@ClearpoolFin) February 12, 2025 Enterprise-grade blockchain infrastructure, io.finnet, was established in 2021 to offer 24/7 fiat settlement support and MPC-based digital asset…
In a significant development, a crypto trader has invested in $Swarms after massive gains. As per Lookonchain, the trader has acquired 8 million $Swarms after pocketing $1.5 million in gains in the previous $Swarms trade. The on-chain analytics platform provided the details of the crypto trader’s big bet on $swarms on social media. A trader who previously made over $1.5M in profit on $swarms bought another 8M $swarms($2.8M) at an average price of $0.35, 6 hours ago.Earlier, this trader bought 6.18M $swarms at $0.13 and sold at $0.38, earning more than $1.5M.https://t.co/bBlzA3mx8v… pic.twitter.com/hfWcdhkL1c — Lookonchain (@lookonchain) January 9, 2025 Sharp…
Former South Korean lawmaker known for the Coin Gate scandal, Kim Nam-guk, has been declared ‘not guilty’ of all charges by court. According to a report from local media News1, a Seoul Southern District Court judge found Kim “not guilty” of all charges on his first trial. Kim was accused of misreporting his assets to the National Assembly in his attempt to hide the large profit he gained from cryptocurrency ahead of the crypto law changes. This news was known to the public as the “Coin Gate” scandal. Kim’s position as a South Korean government official gave him insider information…
US-based crypto miners are facing delays in receiving ASIC mining hardware due to intensified scrutiny of shipments from China’s Bitcoin, the dominant supplier of Bitcoin (BTC) mining rigs. As Bloomberg News reported, industry executives said shipments of Bitmain machines have been held up due to increased scrutiny by US Customs and Border Protection (CBP). The timing aligns with the US Commerce Department’s January blacklisting of Xiamen Sophgo Technologies Ltd., an AI firm affiliated with Bitmain, accused of furthering Beijing’s ambitions in advanced chip production. The delays also come amid escalating trade tensions between the US and China. The latest seizures…
Cryptocurrency analytics firm Alphractal has shared its latest views on the state of the crypto market, examining the market dynamics of sentiment indicators such as the Fear & Greed Index, social media sentiment, and Google Trends data. Alphractal highlighted that the Fear and Greed Index recently broke out of the “extreme greed” zone, a phase usually associated with market tops. This shift coincided with Bitcoin’s $108,000 peak. The analysis suggests that a breakout from this zone could signal the start of a more sustainable market trend. The firm also pointed to Google Trends data that showed a spike in search…
BingX Labs, the innovation arm of crypto exchange BingX, has invested $10 million in StakeStone to support the development of omnichain liquidity staking and StakingFi applications. The partnership aims to improve liquidity infrastructure, optimize capital efficiency, and expand cross-chain asset protocols in decentralized finance. DeFi refers to financial services built on blockchain networks, allowing users to lend, borrow, and trade assets without traditional banks. Liquidity staking lets crypto holders earn rewards by locking up assets to help secure a network. Omnichain liquidity staking takes this further by enabling staking across multiple blockchain networks, making it more efficient. The collaboration will…
Key Takeaways Phantom faced criticism after Ace of AI announced a supposed partnership, causing investment in ACE. Clarification by Phantom that it was not an official partnership led to ACE token’s value drop. Phantom, a prominent multi-chain crypto wallet provider, faced criticism after their social interaction with Ace of AI, which many interpreted as a formal partnership between the two projects, led to confusion and investor losses. On Jan. 9, Ace of AI announced on X that they were “excited to partner with Phantom” as part of the Phantom embedded early access program. Phantom replied to Ace of AI’s tweet…