Author: NBTC

Over the past few years, the Bitcoin market has rarely experienced a decline. However, current global political uncertainty and ETF performance have greatly reduced the demand for digital assets. The #Bitcoin market is currently experiencing a period of stagnation, with both demand and supply sides showing signs of inactivity. The market is characterized by minimal capital inflows and outflows, as the stagnant Realized Cap indicates.Discover more in the latest Week… pic.twitter.com/R2tw9LQd29 — glassnode (@glassnode) September 18, 2024 As a result, the magnitude of both capital outflows and inflows has decreased, leading to a noticeable decrease in market activity. The amount…

A recent study part of the European Central Bank (ECB) working paper series has concluded that stablecoins are susceptible to shocks derived from U.S. monetary policy changes. Contractionary shocks make stablecoins react negatively, being even more relevant than traditional crypto shocks to stablecoins, while money market funds (MMFs) thrive. ECB Paper: Stablecoins Are Susceptible to U.S. Monetary Policy Shocks The role of stablecoins as a refuge from shocks involving the crypto and the traditional market is being questioned by a paper published by the European Central Bank (ECB). The “Stablecoins, Money Market Funds, and Monetary Policy” paper examines the movements…

At press time, EIGEN is trading at $4.26 , at an FDV of $7.16 billion. The token will be listed on Binance and other exchanges on Oct. 1. TVL on EigenLayer has dropped by 50% since June. Restaking protocol EigenLayer’s native token (EIGEN) is now transferrable and trading at a fully diluted value of $7.16 billion. It will be listed on several centralized exchanges including Binance and MEXC on Oct. 1 at 05:00 UTC. The token debuted at $3.9 with a fully diluted value of $6.51 billion. At press time, EIGEN was up over 13% at $4.26. 1.67 billion tokens…

Crypto-backed spending in Ohio’s Senate race has hit unprecedented levels, making it the highest in the 2024 U.S. election cycle. With Election Day fast approaching, ad spending on both Democrat Sherrod Brown and Republican Bernie Moreno has exceeded $170 million. Most recently, pro-crypto super PAC Defend American Jobs (DAJ) launched a $40.8 million television ad campaign backing Moreno. Pro-Crypto vs. Anti-Crypto Candidates The Senate race between Brown and Moreno has captured significant attention from the U.S. crypto industry. Moreno, a Republican and founder of a blockchain company, is a vocal advocate for cryptocurrencies. This has drawn interest from crypto proponents,…

Billy Markus, known on the X platform as Shibetoshi Nakamoto, who created the iconic meme cryptocurrency Dogecoin in tandem with Jackson Palmer in 2013, has shared his take on the way Bitcoin price reacted to the big interest rate loosening made by the Fed Reserve. In his typical sarcastic manner, Markus pointed out that the world’s largest cryptocurrency defied all the bullish expectations. DOGE creator mocks Bitcoin bulls On Wednesday, at the scheduled FOMC meeting the US Fed Reserve announced a long-awaited interest rate cut by 50 basis points. Just a few days prior to that, experts debated whether the…

Bitso, Mercado Bitcoin, and Foxbit have joined forces to issue brl1, a stablecoin pegged to the value of the Brazilian real. The stablecoin will be issued on Ethereum and Polygon, with Cainvest providing liquidity for the BTC and ETH pairs listed on these exchanges and other markets to be developed in the future. Crypto Consortium to Issue Brl1 Real-Pegged Stablecoin in Brazil The world of stablecoins is expanding from its dollar-linked origins, as other nations seek to bring their benefits to their national currencies. Bitso, Mercado Bitcoin, and Foxbit, three giants of the Brazilian cryptocurrency market, have recently teamed up…

Developed by the team behind Facebook’s Libra project, the Sui blockchain is gaining attention for its speed and ability to coordinate user actions efficiently. The blockchain now wants to tackle a key challenge in the Web3 space: coordinating user intent at scale. Experts like Grayscale’s Head of Research, Rayhaneh Sharif-Askary, and Sui Network’s Adeniyi Abiodun, have highlighted Sui’s potential to revolutionize industries like gaming and DeFi. With its innovative programming model and fast transaction speeds, Sui aims to drive Web3 adoption to new heights. ICYMI: Last week our Head of Research & Product, @Ray_scale, sat down with , @EmanAbio from…

Six members of a Texas-based drug ring have been sentenced for their roles in a dark web drug operation, which laundered up to $50,000 per month in cryptocurrency. The group, operating as “Loverbois,” sold nearly 12 kilograms of meth. They processed about 20 drug orders daily between July 2019 and December 2020. Sentences ranged from probation to 84 months in prison after a federal investigation dismantled the network. Texas Dark Web Drug Ring Sentenced for Cryptocurrency Laundering The U.S. Attorney’s Office for the Southern District of Ohio announced on Tuesday the sentencing of six individuals involved in a dark web…

The following is a guest post from Yaniv Baruch, COO at Playnance. Blockchain gaming recently hit a record high of 4.2 million daily active users, according to a DappRadar report. The GameFi industry is seeing an unprecedented surge in new users. However, this growth is somewhat overshadowed by buzzier trends like AI and memecoins. Three key factors drive the influx of users: advancements in crypto products (including TON ecosystem developments), airdrops, and broader technological progress in the crypto space. These factors helped attract – and, most importantly, retain – this massive user base, setting the stage for a new GameFi…

A widely followed crypto analyst believes Bitcoin (BTC) could hit new all-time highs (ATHs) next month if the flagship crypto holds one key level as support. Crypto trader Michaël van de Poppe tells his 725,500 followers on the social media platform X that Bitcoin could soar more than 19% from its current value in October. “Yes, there we go. Bitcoin is above $60,000 again, after having a minor correction. Continue to hold above $58,500 and we’ll be going to see a new ATH in October.” The analyst also says that the Fed rate cut Wednesday by 50 basis points could…