Author: NBTC
A critical liquidation level looms for Bitcoin ($BTC), with on-chain analytics revealing that $43 million worth of positions could be wiped out if the cryptocurrency reverses to $92,167. This insight, accompanied by the latest heatmap data from Coinglass, highlights the precarious state of leverage in the market, leaving traders and investors on edge. $43 million will be liquidated if #Bitcoin $BTC reverses to $92,167! pic.twitter.com/sOwl3d7dCB — Ali (@ali_charts) February 4, 2025 According to Crypto Analyst Ali Martinez,Bitcoin’s recent market activity has shown impressive upward momentum, with the asset trading well above $100,000 in recent weeks. However, according to the heatmap,…
Bitcoin, Ethereum, the tech-heavy S&P 500 and Japan’s Nikkei 225 all posted their worst quarterly performances in more than three years, reflecting a broader market downturn. The gloomy market mood is largely due to global trade policy changes expected today, when President Donald Trump will announce new tariffs on a number of trading partners in a speech at the Rose Garden at 10:00 PM (UTC+3). Analysts are divided on whether these economic measures will be applied reciprocally or a softer approach will be taken. “This decision could go either way,” said Sid Powell, CEO of Maple Finance, noting the uncertainty.…
Charles Hoskinson, Cardano (ADA) founder, has dropped a notable hint about what the ecosystem will work on soon. All indications point to integrating artificial intelligence (AI) into the ecosystem. Hoskinson hinted at this in an X post in response to a suggestion by community member Cardano Hieronymus. AI-Powered smart contracts on horizon? Cardano Hieronymus suggested that the blockchain should start “thinking full LLM deployment as L2/partnerchain on Cardano.” This suggestion is for Cardano to integrate the Large Language Model (LLM) into its layer-2 ecosystem. This move of integrating AI could involve AI-powered dApp and smart contracts. Experts say such a…
One of Washington’s top crypto lobbyists is establishing the country’s first nonprofit focused on the interests of Solana, the popular blockchain that has emerged in recent years as a crucial hub for meme coin trading and decentralized finance. Miller Whitehouse-Levine, who previously headed the DeFi Education Fund, announced Monday he has started the Solana Policy Institute and will serve as its inaugural CEO. The Solana Policy Institute describes itself as a nonpartisan nonprofit advocating for decentralized networks like Solana that “are the future infrastructure of the digital economy.” Whitehouse-Levine told Decrypt that because of the digital asset industry’s newfound political…
Pixels and Forgotten Runiverse, a pair of crypto games on the gaming-focused Ethereum scaling network Ronin, are teaming up to bring Pixels’ PIXEL token to the Runiverse—the massively-multiplayer online role-playing game or MMORPG that just opened to the public in early access. Forgotten Runiverse, developed by Biosonic, is based on the lore of the Ethereum NFT collection Forgotten Runes Wizard’s Cult. The game opted to move from layer-2 Arbitrum to Ronin in July 2024 and will eventually have its own native token, XP, which will act as the ecosystem token for Forgotten Runes. Social farming game Pixels also made its…
Bitcoin (BTC) has absorbed approximately $450 billion in additional capital since November 2022, bringing the total Realized Cap to $850 billion, according to a recent report by Glassnode. The report noted that Bitcoin has maintained a price above $100,000 for several weeks, seven years after reaching $10,000 during the 2017 bull run. According to Glassnode, the growth in Bitcoin’s realized cap is driven by its increasing role on the global stage, which has attracted institutions and sovereign entities. The report highlighted nation-states engaging with Bitcoin as a key factor, including Bhutan engaging in large-scale mining operations, El Salvador establishing Bitcoin…
The chief executive of retail trading giant Robinhood says that the tokenization of traditional assets could secure the dominance of the US equities market. In a new interview on the Bankless YouTube channel, Robinhood CEO Vlad Tenev says that crypto asset tokenization will boost the US stock market the same way stablecoins are helping establish the dominance of the US dollar. “Tokenization of securities, which we’re very excited about, allows you to have ownership in companies… Stablecoins are viewed rightly as an area that could increase demand among individuals overseas as governments become prone to diversifying away from holding treasuries.…
ZIGChain, the layer-1 blockchain developed by social investment platform Zignaly, has announced that its testnet is now live. The testnet will allow developers to explore, build and test decentralized finance and real-world asset tokenization solutions aimed at democratizing wealth generation and access, the L1 noted. The price of ZIGChain (ZIG) token rose following the announcement. Data from crypto.news showed that ZIG’s price was up more than 11% at the time of writing, hovering near $0.11. The token previously reached highs of $0.17 in December 2024, a rally fueled by the platform’s massive buyback and burn program. Recently, ZIGChain revealed its…
A new study by the National Cryptocurrency Association found that 55 million U.S. adults now use cryptocurrency, with 76% saying it positively impacts their lives. On April 2, the National Cryptocurrency Association released the largest-ever survey of American cryptocurrency holders. It showed that 21% of U.S. adults, or around 55 million people, are using digital assets. Conducted in partnership with Harris Poll, the report offers a fresh look at how crypto is being used across different demographics and income levels. Ownership skews younger, with 67% of holders under 45, but the study also found notable adoption among older Americans as…
The U.S. Commodity Futures Trading Commission (CFTC) withdrew two pieces of crypto-related staff guidance on Friday, further streamlining its approach to crypto regulation. The first advisory rescinded on Friday was Staff Advisory No. 18-14, Advisory with Respect to Virtual Currency Derivative Product Listings. Originally published in May 2018, the advisory established guidelines for crypto-related derivatives, including requiring reporting firms to maintain “close coordination with [the] CFTC surveillance group” and establishing a large trader reporting threshold of five bitcoins (or the equivalent value for other cryptocurrencies), among other suggestions. On Friday, the CFTC published a letter saying that “additional staff experience”…