Author: NBTC
This is a segment from the Forward Guidance newsletter. To read full editions, subscribe. Industry insiders have predicted more crypto IPOs in 2025. In a possible preview, today we saw a segment player uplisted to a major exchange. Shares of crypto wallet provider Exodus became available on the NYSE American stock exchange Wednesday. It was a “finally” moment for the company, which had prepared for this in May before an unexpected delay. Exodus considers itself “a pure-play crypto company” at a time when more investors seek exposure. CFO James Gertneztke said access to capital markets could be helpful for product…
Phala Network, a decentralized cloud computing blockchain that offers a trustless infrastructure for computing smart contracts, has announced a strategic partnership with NeurochainAl. Phala announced the matter via its X account today December 12. NeurochainAI is a decentralized AI network that aims to simplify the process of launching, developing, and using AI-powered dApps (decentralized applications). 🤝Partnership Announcement: Phala x NeurochainAI🤝Phala is partnering up with @NeurochainAI! By providing our GPU TEE compute infrastructure, we’re supporting @NeurochainAI in accelerating their roadmap.Together we are empowering developers & researchers with secure,… pic.twitter.com/K0AZYwSxMX — Phala Network (@PhalaNetwork) December 12, 2024 How Phala backs NeurochainAI By…
Disclaimer: This is not investment advice. The information provided is for general purposes only. No information, materials, services and other content provided on this page constitute a solicitation, recommendation, endorsement, or any financial, investment, or other advice. Seek independent professional consultation in the form of legal, financial, and fiscal advice before making any investment decision. Bitcoin is down -4.15% today against the US Dollar BTC/ETH decreased by -5.18% today Bitcoin is currently trading 8.02% below our prediction on Dec 11, 2024 Bitcoin gained 31.31% in the last month and is up 123.60% since 1 year ago BTC price is expected…
The L3 protocol Orbs, devoted to advancing liquidity optimization, has announced a thrilling development. As per Orbs, it is introducing the exclusive Liquidity Hub V2, bringing cutting-edge features to increase on-chain DEX liquidity and improve the decentralized experience. The platform revealed this launch in a new press release. Orbs Boosting Liquidity and Enables Gasless Transfers Orbs mentioned that Liquidity Hub V2 offers the latest integrations and tools for better liquidity as well as execution to the DEXes. With this, the decentralized exchanges could solidify their position as the autonomous replacements for centralized exchanges. Conventionally, decentralized marketplaces endeavor to get significant…
A well-known Ethereum whale, most likely associated with Longling Capital, has taken an unexpected action in the wake of Ethereum’s recent decline in value. The whale’s purchase of 6,000 ETH shows confidence in a possible price spike. This whale has made an incredible $83 million by buying low and selling high, utilizing an effective investement strategy. This investor has bought 75,400 Ethereum since May 8, 2023, for about $180.4 million at an average price of $2,392. By selling 50,800 ETH over the same time period, they made $172.08 million at an average price of $3,401. Their most recent acquisition demonstrates…
Crypto and broader equities fell sharply Wednesday as traders attempted to divine next year’s outlook following a hawkish pivot from the U.S. central bank. While the 25 basis point cut delivered by the Federal Reserve on Wednesday was largely priced in, concerns flared as the bank signaled interest rates may not go down again anytime soon. During a press conference, Fed Chair Jerome Powell told reporters that while inflation was “steadily” receding, recent high readings indicated it had been “slower than hoped.” The Fed’s updated “dot plot” for 2025 has signaled a shift in policy expectations, with officials now projecting…
This week, the altcoins crypto whales accumulated experienced significant price jumps. However, BeInCrypto observed that it appears that these whales’ strategies have changed from what they accumulated in previous weeks. In this analysis, we reveal some of the top altcoins crypto whales bought in the second week of December 2024. Aave (AAVE) AAVE, the token of the decentralized lending and borrowing platform, tops the list of the altcoins accumulated by crypto whales this week. Data from IntoTheBlock shows AAVE’s large holders’ netflow, a metric tracking whale activity, stood at just under 4,000 on December 11. As of this writing, that…
Bitcoin (BTC) saw extreme volatility in the past 24 hours, shaking the crypto market. A flash crash triggered over $1 billion in liquidations, marking one of the largest sell-offs since FTX’s 2022 collapse. Coinglass data reveals nearly $900 million in Bitcoin positions were liquidated as its price plummeted from $100,000 to $90,000 before rebounding to $97,000. Bitcoin Marks Largest Multi-Year Liquidation Event This dramatic liquidation cascade affected over 156,000 traders globally, with $816.819 million longs and $279.631 shorts blown out of the water. According to Coinglass, the largest single liquidation, valued at almost $19 million, occurred on the OKX exchange.…
Bedrock has introduced brBTC, a Liquid Restaking Token (LRT) that aims to redefine Bitcoin’s role in decentralized finance (DeFi). This launch signals the beginning of BTCFi 2.0, a new phase that transitions Bitcoin from a passive asset to a dynamic financial instrument. BTCFi 2.0 Begins: brBTC Unites Bitcoin Liquidity in DeFi BTCFi 1.0 laid the foundation for integrating Bitcoin into DeFi with platforms like Babylon. While over 54,000 BTC were staked, the ecosystem struggled with fragmentation and limited restaking options. BTCFi 2.0 addresses these challenges by creating a unified environment with enhanced yield opportunities and practical use cases. Core Contributor…
Ethereum price declined to a critical support level as cryptocurrencies experienced a sharp pullback following the Federal Reserve’s hawkish interest rate announcement. Ethereum (ETH) slipped to $3,540, marking a 10% drop from its peak earlier this week. This retreat coincided with the sell-off of other coins like Bitcoin (BTC) and Solana (SOL). Despite the price drop, Ethereum’s fundamentals remain strong. Notably, Ethereum Exchange-Traded Funds have seen steady inflows, now totaling over $2.46 billion. These inflows have increased for 18 consecutive days, reflecting growing interest from investors. Ethereum ETFs are gaining traction as investors anticipate the SEC may soon allow staking…