Author: NBTC
The market cap of the AI agent industry has reportedly tumbled massively from its January highs amid news of a cheaper, more efficient new model. According to data collected by cookie.fun, the industry’s market cap, which stood at $10.37 billion at the beginning of the year, has shed more than $4.5 billion since January 6. A 19% slide in the past 24 hours has seen the figure settle — for now — at somewhere in the region of $5.7 billion. Elsewhere, CoinGecko claims that the figure currently sits at a slightly healthier $9.74 billion. However, these figures also point to…
As Ripple continues to scale its operations globally, industry commentators increasingly believe the company is positioning XRP as a critical solution for global financial institutions. Jake Claver, a business leader and consultant, recently highlighted this perspective in a tweet. He cited over $27 trillion sitting frozen in banks worldwide due to inefficiencies in cross-border payments. According to him, XRP is set to change this status quo. In a detailed thread on X, Claver elaborated on how Ripple’s innovations are setting the stage for transforming how money moves across borders with XRP. XRP to Unfreeze $27 Trillion in Idle Capital First,…
Trump bans CBDCs, focusing on blockchain innovation and regulatory clarity in the U.S. digital asset sector. A new U.S. task force will propose a national framework for digital assets, including stablecoins, within six months. The U.S. explores a national crypto stockpile, potentially using seized Bitcoin worth over $20 billion. On 23 January 2024, President Donald Trump issued an executive order that states that Central Bank Digital Currencies (CBDCs) can neither be established, issued, nor used in the United States. This order, known as “Strengthening American Leadership in Digital Financial Technology,” aims to promote blockchain innovation and offer a better understanding…
The Switzerland-based online trading company Swissquote is eying the recent memecoin frenzy to expand its services to users. The added seven meme cryptocurrencies, a term referring to digital assets originating from internet jokes or viral content. “7 new meme coins are available on SQX,” the company mentioned in an announcement from LinkedIn. “Find out how internet jokes can become seriously profitable! Our services vary by country; please check product availability. Investing in digital assets carries a high degree of risk.” The company’s new meme coins include PEPE, Shiba Inu, DOGWIFHAT, Bonk, Floki, Official Trump ($TRUMP), and $MELANIA. According to the…
Solana has beaten other major blockchain networks in stablecoin inflows over the past week, with a $3.13 billion increase in USDT and USDC holdings. This surge, reported by blockchain analytics firm Lookonchain on X, is way ahead of the stablecoin growth seen on other networks, including Ethereum and Tron. This signals a shift in stablecoin capital. In the past 7 days, stablecoins(USDT&USDC) on #Solana increased by $3.13B, and stablecoins(USDT&USDC) on #Ethereum increased by $652M.https://t.co/5LqK4tN0NO pic.twitter.com/Tw3Pd9Euaw — Lookonchain (@lookonchain) January 21, 2025 Data shows that Solana is the top dog among the top 15 blockchain platforms for stablecoin distribution. In just…
Donald Trump is officially the 47th President of the United States, and the U.S. government is going in some different directions from the last administration. The narrative U.S. President Donald Trump was sworn into office on Monday and quickly signed a flurry of executive orders. While it took him a few days to get to crypto-specific items, we’ve seen a number of actions from his administration already — not to mention the broader Republican Party. Why it matters These agencies and Congressional bodies’ initial actions set the tone for what we can expect as the new Congress and administration really…
Spot Bitcoin exchange-traded funds in the United States recorded their fourth consecutive day of outflows on Jan. 14, while Ethereum ETFs shifted to inflows. According to data from SoSoValue, the 12 spot Bitcoin ETFs logged $209.82 million in net outflows on Tuesday, extending their outflow streak to four days, during which over $1.2 billion exited the funds. The majority of outflows on the day came from BlackRock’s IBIT, which logged an outflow of $219.48 million, followed by Bitwise’s BITB, which saw an outflow of $8.93 million. WidomTree’s BTCW managed to part of these outflows with an inflow of $10.24 million…
Lobby Finance — a decentralized organization priding itself on “binging lobbyism to DAO governance” — just became the top Arbitrum (ARB) delegate. In what Arbitrum delegate Paulo Fonseca described on X, formerly Twitter, as “the biggest governance move to date,” Lobby Finance suddenly became the top delegate in Arbitrum’s decentralized autonomous organization (DAO). With a single on-chain transaction, Lobby Finance gained control over the voting power of 20.54 million ARB tokens. Arbitrum’s governance data shows that this puts the decentralized lobby at the top spot among the DAO’s delegates. The organization now controls the votes of 20.65 million ARB, equivalent…
Lasting two days and starting on January 28, the FOMC (Federal Open Market Committee) meeting is always a potentially volatile time for the crypto world. This holds true even more so for this particular one since it will be the first meeting since Donald Trump’s return to the presidency. Regarding the meeting, while fixed income markets foresee potential interest rate cuts in 2025, the anticipated reduction is expected to be limited. Also, the U.S. Federal Reserve policymakers are likely to hold interest rates steady. However, considering Trump’s policies include raising import taxes and advocating for interest rate cuts by the…
A day after Donald Trump was sworn in as the 47th President of the U.S., whales took massive hits from Trump-backed meme coins MELANIA and TRUMP. Just two days before his inauguration as the 47th president of the U.S., Donald Trump launched his meme coin, Official TRUMP (TRUMP), on the Solana (SOL) blockchain on Jan. 18. On Jan. 19, the token skyrocketed to a peak of over $75, swelling its market cap to nearly $15 billion—an eye-popping 840% jump from its all-time low of $6.24. However, as of this writing on Jan. 21, the TRUMP token has experienced a sharp…