Author: NBTC
DeFi sector development activities have skyrocketed as Chainlink, DeepBook, and DeFiChain demonstrate the highest ranking. These projects show substantial growth based on the data from Santiment which indicates developer commitment and market footprint expansion. Development activity analysis shows these ten DeFi projects as the leaders during the past thirty days. 🧑💻 Here are crypto’s top 10 DeFi projects by development. Directional indicators represent each project’s ranking positioning since last month:📈 1) @chainlink $LINK 🥇📈 2) @deepbookonsui $DEEP 🥈📈 3) @defichain $DFI 🥉📉 4) @synthetix_io $SNX📈 5) @coinbase $CBBTC📈 6)… pic.twitter.com/kAgVJHJkjD — Santiment (@santimentfeed) February 10, 2025 Chainlink Maintains Its Dominance…
Ethereum (ETH), the second-largest cryptocurrency by reported market cap, is facing unprecedented short selling from hedge funds. Notably, short positions in ETH have soared by 500% since November 2024, indicating heightened bearish sentiment toward the digital asset. Institutional Investors Losing Faith In Ethereum? According to a recent post on X by The Kobeissi Letter, Ethereum price is witnessing mounting challenges as short positioning in the cryptocurrency has ballooned in recent times. Notably, ETH short positions are up 40% in the last week, while they are up 500% in the last three months. It is worth highlighting that this is the…
In a latest development, Charles Hoskinson, founder of Cardano, has criticized the U.S. Agency for International Development (USAID) for funding a book that links Bitcoin to right-wing extremism. WikiLeaks recently revealed that USAID funded a book connecting Bitcoin and cyberlibertarianism to right-wing ideologies. The book, Cyberlibertarianism: The Right-Wing Politics of Digital Technology, authored by David Golumbia, links Bitcoin to extremist ideologies. Published by the University of Minnesota Press, it reportedly received over $80,000 in funding from the U.S. government, according to WikiLeaks. Hoskinson expressed his frustration on social media, calling this portrayal of Bitcoin “garbage.” So apparently, USAID is funding…
In a significant development within the cryptocurrency world, a whale recently unstaked a massive amount of Solana (SOL) tokens valued at approximately $45.85 million and transferred them to Binance, the world’s largest cryptocurrency exchange, just eight hours ago. This move is generating attention, as it not only reflects a strategic shift by a major player in the market but also raises questions about potential market implications, particularly regarding SOL’s price movement and liquidity. A whale unstaked 245,922 $SOL($45.85M) and deposited it to #Binance 8 hours ago.https://t.co/YqzWZSsHov pic.twitter.com/ohzoQNdURk — Lookonchain (@lookonchain) January 10, 2025 According to Lookonchain,The whale, whose identity remains…
MicroStrategy (MSTR) traders returned from their holiday break to disappointing returns on their leveraged bitcoin (BTC) stock. Over the past month, BTC has rallied 3% while MicroStrategy has declined 12%. This is despite founder Michael Saylor’s boasts of a 74.3% “bitcoin yield” for shareholders on a dilution-adjusted basis for the 2024 fiscal year. This includes his recent addition of 1,070 BTC to the company’s stack. As MicroStrategy’s tiny software business has declined to a de minimis portion of its market capitalization, investors value the firm based almost entirely on its BTC holdings. As of publication time, the company holds $45…
Transak is making it easier than ever to access Unichain, the Layer 2 blockchain scaling solution from Uniswap Labs. By integrating its powerful on- and off-ramp infrastructure, Transak is breaking down barriers for users looking to seamlessly buy and sell digital assets on Unichain using fiat currencies.—Uniswap Labs has played a key role in expanding the crypto ecosystem, but for many new users, navigating Web3 can still be complex. With Transak now supporting Unichain, onboarding into decentralized finance (DeFi) becomes more intuitive than ever. Users can now purchase cryptocurrencies directly on Unichain using a range of fiat payment methods, streamlining…
Some of it could also be outright bets on ETH. Hedge funds hold record short positions in ether (ETH) futures trading on the Chicago Mercantile Exchange (CME), raising questions about the motivations behind these positions. At first glance, the data could suggest that sophisticated market players anticipate price slides, as discussed on social media. However, this isn’t entirely accurate; carry trades or arbitrage plays primarily drive the record short interest, but some of these short futures trades represent outright bearish bets on the cryptocurrency, per observers. As of the week ended Feb. 4, hedge funds held a net short position…
GameStop shares jumped Monday after CEO Ryan Cohen posted a photo with Strategy co-founder Michael Saylor, fueling Bitcoin-related speculation. GameStop shares jumped nearly 7% on Monday morning after the firm’s chief executive Ryan Cohen shared a photo with Michael Saylor, co-founder of Strategy (formerly MicroStrategy), on X. As of press time, GameStop (GME) shares are trading at $26.39, up 6.7%, per data from Google Finance. pic.twitter.com/wlOwEGli6n — Ryan Cohen (@ryancohen) February 8, 2025 Cohen’s X post contained no information, leading to speculation that GameStop might be looking into something related to Bitcoin (BTC) as Strategy reignited investors’ interest after it…
A recent Syncracy thesis on Solana revealed that the blockchain had surpassed Ethereum across several metrics in the past few months. The thesis-driven hedge fund calculated Solana’s performance as a percentage of Ethereum’s. The report indicated that Solana showed signs of dominance in the crypto market and suggested that the blockchain was taking Ethereum’s market share. Syncracy data outlined that Solana’s Real Economic value, combining the chain’s transaction fees and MEV tips, was 111% against Ethereum’s. Total application volumes, stablecoin volumes, total value locked (TVL), Solana DEX volumes, and active addresses stood at 109%, 98%, 13%, 124%, and 234%, respectively,…
Since the beginning of the year, Bitcoin’s price has been unable to revisit its $108,230 all-time high. This has reduced the profitability of the coin’s short-term holders (STHs), putting more downward pressure on its price. As demand leans further, BTC’s price could see new declines. Here is why. Bitcoin Short-Term Holders Count Their Losses In a new report, pseudonymous CryptoQuant analyst Crazzyblockk noted a decline in the profitability of BTC investments for short-term holders (those who have held their coins for less than 155 days). The analyst assessed the profitability levels for all Bitcoin age bands and found that “following…