Author: NBTC

This is a segment from The Drop newsletter. To read full editions, subscribe. Another blockchain gaming studio is shutting down — Battlebound is closing its doors. The studio was overseeing two games, including the metaverse game Evaverse with an EVA token and an in-development RPG dubbed Anterris. The Evaverse token is down over 99% from its all-time high. Battlebound previously raised $4.8 million in seed funding back in 2022 from investors including a16z and Dapper Labs. It gained another $3 million by selling NFTs. The company had the budget for what’s often called an “AA game” or the equivalent of…

Spot Bitcoin ETFs in the U.S. saw more net outflows on Feb. 19 as Bitcoin struggled amid delays in crypto regulations and ongoing geopolitical tensions, like the U.S.-China tariff disputes, keeping the market in a consolidation phase. According to data from SoSoValue, the 12 spot Bitcoin ETFs recorded $71.07 million in outflows on Wednesday, extending their outflow streak to two consecutive days with $60.63 million exiting the funds the previous day. The majority of outflows came from Fidelity’s FBTC which saw $48.39 million withdrawn by investors followed by Valkyrie’s BRRR, ARK 21Shares’ ARKB and VanEck’s HODL which saw $9.27 million,…

Ethereum (ETH) has seen a significant decline in price, falling from $2,800 to around $1,900 in recent weeks. This drop has triggered a major bearish signal, the first of its kind in two years. However, the current price action may also suggest that recovery could be on the horizon. Ethereum Has A Shot At Recovery Ethereum’s price recently fell below the Realized Price for the first time in two years, a development that has sparked concern among some investors. This drop has caused the Market Value to Realized Value (MVRV) ratio to decline, indicating that investors are facing approximately 7%…

The filings for spot Solana (SOL) exchange-traded funds (ETFs) from VanEck, 21shares, Bitwise, and Canary Capital were officially added to the Federal Register on Feb. 18. The US Securities and Exchange Commission (SEC) now has 240 days to approve or deny the filings. Additionally, the register for the Grayscale filing was added on Feb. 12, which would include its Solana ETF in the batch that could be approved until Oct. 16. The Grayscale Solana ETF amendment was acknowledged by the SEC on Feb. 6, and the four other filings were acknowledged on Feb. 11. SOL is currently in a spot…

Coinbase (COIN) is one step closer to fully returning to India after securing registration with the Financial Intelligence Unit (FIU), the crypto exchange said on Tuesday. The Nasdaq-listed company, which was active in the country several years ago, faced a number of issues due to regulatory pressure and eventually backed away from India. In 2022, it started operations in the country only to suspend them due to “informal pressure” from the Reserve Bank of India. The following year, the exchange shut off new user registration, while continuing to offer wallet services to Indian citizens. The FIU registration allows Coinbase to…

According to their latest report on the Bitcoin ecosystem, venture capital firm Epoch noted an increasing number of startups incorporating Bitcoin (BTC) into their balance sheets. According to the report, as inflation concerns and fundraising challenges persist, Bitcoin is emerging as a strategic asset for startups seeking capital efficiency, dilution protection, and global market positioning. Moreover, the document illustrates Bitcoin’s impact on a startup’s financial sustainability. For example, a startup that raises $1 million for 10% equity and maintains a $20,000 monthly burn rate could significantly reduce future fundraising needs by allocating 50% of its cash to BTC. Assuming a…

A smart whale conducted multiple high-risk ETH and BTC trades which brought significant attention from the cryptocurrency market. Earlier, the insider made a $5.22M transaction with Hyperliquid to establish leveraged positions. His initial trades were aggressive: ETH Long (50x leverage): Entry at $1,884.4 with a liquidation level at $1,838.2 BTC Long (20x leverage): Entry at $82,003.9 with a liquidation threshold at $61,182 All for $ETH!This whale has switched all of his long $BTC positions to long $ETH and further bridged $10M to Hyperliquid to place a buy order of 5,508.08 $ETH at $1,921.Currently, the whale’s $ETH long position has reached…

Litecoin (LTC) enables rapid affordable transactions by processing blocks every 2.5 minutes and uses MimbleWimble for increased privacy. XLM introduces a decentralized network to facilitate cheap global transactions that provide efficient cross-border payment capabilities. Sui innovative blockchain and developer-friendly tools position it as a leading platform for Web3 scalability and security. Crypto adoption continues its upward trend making Litecoin, Stellar and Sui the primary digital assets poised to experience 100x growth within 2025. The blockchain industry’s premier assets provide unmatched speed together with scalability and innovation because of which they represent essential assets for future major growth periods Litecoin(LTC) Role…

Binance announced that it would host Bubblemaps’ (BMT) Token Generation Event (TGE) on PancakeSwap. BMT, the native token of Bubblemaps, serves as a governance and utility token, unlocking advanced analytical features within the platform. Binance Hosts Bubblemaps TGE According to the announcement, users could participate via Binance Wallet on the BNB Smart Chain starting March 11, 2025, at 8:00 am UTC. The event came with a subscription cap of 3 BNB (approximately $1,645) per user, ensuring fair access to participants. Further, they expected the TGE to raise $800,000 (denominated in BNB), with up to 40 million BMT tokens issued. This…

On March 12, Shiba Inu’s Marketing Lead, Lucie, announced the introduction of a new fishing-based mini-game within the SHIB Metaverse. As players participate in the game, they will have the opportunity to earn and trade by collecting in-game currency and exchanging items within the ecosystem. Since the initial launch of Shib: The Metaverse on Shiba Inu’s custom blockchain, Shibarium, in December 2024, developers have been focused on expanding the platform with new features, including parkour challenges and a structured in-game economy. As part of this ongoing development, Shiba Inu’s Marketing Lead, Lucie, recently posted on X to announce the launch…